Politics, Oil Production and the Price of Gasoline

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Moammar Gadhafi may or may not be driven from power. In the meantime, unrest and international sanctions have cut Libya's oil production by half. On Friday, unhappy Saudi Arabians plan a "Day of Rage," threatening instability for the biggest oil supplier of all. Fear of further disruption and rank speculation on oil are driving the price of gasoline higher. The concern of most Americans is the price of gasoline by the gallon, and it's rising fast -- even though the United States has plenty on hand at the moment. Should we increase domestic oil production? Tap into strategic reserves? Or jack up the Green Economy faster, whatever the cost? 

Credits

Guests:
Matt Wald - New York Times - @MattWaldNYT, Daniel Weiss - Center for American Progress, Robert Bryce - Manhattan Institute - @pwrhungry, Anne Korin - Institute for the Analysis of Global Security, Toby Jones - Rutgers University

Host:
Warren Olney

Producers:
Katie Cooper, Andrea Brody, Karen Radziner