in turn drive up prices even further some for not numbers like five dollars a gallon gas pump steve levine is a contributing editor for foreign policy and also author of this book the oil and the glory pursuit of empire and fortune on the caspian sea and i asked him if oil prices could reach two hundred twenty dollars a barrel in the near future. i do think that the markets have been calm down over the last twenty four hours saudi arabia has gone around and quietly assured everyone we not only can add more volumes to the market but we have added these these volumes and that's why you've seen oil prices go down and the difference that would create a situation in which prices would really skyrocket if another country went offline so you've lost our million barrels a day it is offline from libya if algeria which is also having trouble if it. gets one point eight million barrels more saudi arabia that would bring saudi arabia right up to his capacity to to substitute a volley and then you would see i'm not sure two hundred twenty i think that's probably an analyst trying to get headlines but m

shaking hands and turning a blind eye in recent years all from oil or earlier i caught up with steve levine contributing editor at foreign policy i first asked him how large of a role libya plays in the u.s. as well consumption habits. the united states so. on moving away libya is about one points. seven million barrels a day that run the world supply for day eighty seven million barrels but you know we're we have a world oil market so when one place goes down and one place is in trouble which it seems like libya is today then it affects the oil price around the world that how the united states. would save in response to the violence that we've already seen in libya prices have already jumped up today so if any of this continues if it persists how bad do we think that it could get you have to look at this in two ways one what you're seeing is that oil companies european oil companies are pulling out from libya they're saying that when they pull out they're going to shut down their operations if they all shut down if you take it to the limit that's one point seven of the market that can be r

experts what is far suggesting oil prices could hit two hundred twenty dollars per barrel but steve levine from foreign policy magazine says this scenario is unlikely to develop. saudi arabia has gone around and quietly assured everyone we not only can add more volumes to the market but we have. to be different that will create a situation in which prices would really skyrocket another country run our client so you've lost a million barrels a day is our line from libya. algeria which is also having trouble in it goes up why that would bring saudi arabia right up to its capacity to to substitute then you would see i'm not sure two hundred twenty eight i think that's probably an admiral trying to get headline but but maybe one hundred fifty which is still pretty high. meanwhile there are fears it's only could draw a number of wave of illegal immigration from the instability in the middle east thousands of refugees have already reached the countries island of lampedusa leading the government to declare a humanitarian emergency well it is you've got a lot of reports now on how locals of dealin

and steve levine from foreign policy magazine in these big oil markets are likely to say occurrences any time soon stable produces life are very the i can build up that caused by any disruption in supply the markets have calmed down over the last twenty four hours saudi arabia has gone around and quietly assured everyone we not only can add more volumes to the market but we have. these different that would create a situation in which prices would really skyrocket another country run our client so you've lost a million barrels a day it is our run from libya algeria which is also having trouble getting it. that would bring saudi arabia right up to its capacity to to substitute the volume then you would see i'm not sure two hundred twenty i think i was probably. trying to get headlines but maybe one hundred fifty which is still pretty high. we're washing our see uncle clones of the from the south including our weekly snapshot of opinion from the streets of new. middle class are responsible it off for where the economy is that right now now it's it's wall street and bush so the president

editor of foreign policy magazine steve levin believes that oil prices will reach their peak if the unrest in libya spreads to other countries in the region. the markets have been calm down over the last twenty four hours how do you arabia has gone around and quietly assured everyone we not only can add more volumes to the market but we have added these the falling the difference that would create a situation in which prices would really skyrocket if another country went online so you've lost a million barrels a day it is our run from libya if algeria which is also having trouble if it runs that would bring saudi arabia right up to its capacity to to substitute for volume then you would see i'm not sure two hundred twenty i think that's probably an analyst trying to get a headline but but maybe one hundred fifty that which is still pretty high. and the situation in the middle east has prompted others around the world to speak out of those policies and the u.s. is no exception with thousands in one or the state protesting against benefits cuts later this hour the president asked people on t

become concerned that unrest will spread to other major oil producing countries earlier i spoke to steve levine contributing editor for foreign policy and also author of the oil and the glory the pursuit of the empire and fortune on the caspian sea i asked him if my own price is quite possibly reach two hundred twenty dollars a barrel in the near future. the question is what kind of a timeframe are you talking about and what event i do think that the markets have been calm down over the last twenty four hours saudi arabia has gone around and rightly assured everyone we not only can add more volumes to the market but we have added these these volumes and that's why you see oil prices go down and a difference that would create a situation in which prices would really skyrocket in another country went offline so you lost a million barrels a day it is offline from libya. algeria which is also having trouble if it's run at one point eight million barrels more. saudi arabia that would bring saudi arabia right up to its capacity to to substitute the volume then you would see a notch or two hundred twe

seems to never get old who are our friends and who are our enemies for our teeth dina kosofsky steve levine from the magazine foreign policy believes the oil market is unlikely to collapse anytime soon he says there are stable countries like saudi arabia that can fill the gap created by disrupted surprise. the markets have calmed down over the last twenty four hours saudi arabia has gone around and rightly assured everyone we not only can add more volumes to the market but we have. the difference that will create a situation in which prices would really skyrocket if we have another country run up by so you've lost a million barrels a day is our line from libya yes algeria which is also having trouble getting it or got run that would bring saudi arabia right after the two to substitute and then you would see i'm not sure two hundred twenty i think that's probably and trying to get a headline but but maybe one hundred fifty that which is still pretty high. and we've got plenty more for you here in our to including our weekly snapshot of opinion on the streets of new york. that's a responsible

our friends and who are our enemies for archie dina kosofsky editor of foreign policy magazine steve levin believes that oil prices will reach their peak if the arrest in libya spreads to other countries in the region. markets have calmed down over the last twenty four hours saudi arabia has gone around and quietly assured everyone we not only can add more volumes to the market but we have out the difference that will create a situation in which prices would really skyrocket and another country run our line so you lost a million barrels a day is our line from libya yes i'll cheerio which is also having trouble getting it or was offline that would bring saudi arabia right. to to substitute for volume's then you would see i'm not sure two hundred twenty i think that's probably and trying to get headlines but but maybe a hundred if that which is still pretty high. the situation in the middle east has prompted others around the world to speak out against their government's policies and the u.s. is no exception with thousands in the one northern state protesting against benefits cuts later this

steve levin from foreign policy magazine believes the oil market is unlikely to say crisis anytime soon so a stable produces like saudi arabia can fill the gap caused by any disruption in supply. the markets have been calm down over the last twenty four hours saudi arabia has gone around and rightly assured everyone we not only can add more volumes to the market but we have added these the volume the difference that would create a situation in which prices would really skyrocket if another opec country ran off line so you lost a million barrels a day it is offline from libya if algeria which is also having trouble if it goes offline that would bring saudi arabia right up to its capacity to to substitute for the ali and then you would see i'm not sure two hundred twenty i think that's probably an animist trying to get headlines but but maybe one hundred fifty that that which is still pretty high. i have got plenty to come this hour including our weekly snapshot of opinion from the streets of new york. middle class are responsible at all for where the economy is that right now now it's it

same time seems to forget who are our friends who are our enemies for our tea dina kosofsky and steve levin of from foreign policy magazine believes the oil market is unlikely to see a crisis anytime soon so stable producers like saudi arabia can fill the gap calls for any disruption in supply. the markets have been calm down over the last twenty four hours saudi arabia has gone around and rightly assured everyone we not only can add more volumes to the market but we have out. the difference that would create a situation in which prices would really skyrocket if you have another country when our clients say you've lost a million barrels a day it is our right and from libya you have algeria which is also having trouble getting its girls up front that would bring saudi arabia right up to its capacity to to substitute the volume then you would see i'm not sure to hundred twenty i think there's probably and trying to get headlines but but maybe one hundred fifty which is still pretty high we're watching r.t. and we've got plenty to come this hour including our weekly snapshot of opinion from th

well steve levine from the magazine foreign policy believes the oil market is unlikely to collapse anytime soon he says there are stable countries like saudi arabia that can fill the gap of those stuck in turmoil. the markets have calmed down over the last twenty four hours saudi arabia has gone around and assured everyone we not only can add more value to the market but we have. the be different that will create a situation in which prices would really skyrocket is there another country when our clients we lost a million barrels a day is our line from libya you have algeria which is also having trouble it in its client that would bring saudi arabia right to risk two to substitute for volume then you will see i'm not sure two hundred twenty i think that's probably and trying to get headline but but maybe one hundred fifty that which is still pretty high. and we've got plenty for you this hour still to come including our weekly snapshot of opinion on the streets of new york. the class are responsible at all for where the economy is that right now now it's it's wall street numbers. the presi

consequences further rises might have for food prices transport costs as well as national economies steve levin from foreign policy magazine says that oil might reach an all time peak if the and rest in libya spreads to other countries in the region. the markets have been calm down over the last twenty four hours saudi arabia has gone around and rightly assured everyone we not only can add more volumes to the market but we have added these would be the difference that would create a situation in which prices would really skyrocket by another opec country when our minds are you lost a million barrels a day it is our run from libya you have algeria which is also having trouble if it goes up front that would bring saudi arabia right up to its capacity to to substitute a goalie and then you would see i'm not sure two hundred twenty i think there's probably and i am trying to get headlines but but maybe one hundred fifty which is still pretty high meanwhile there are fears in italy it could buckle under the pressure of a possible influx of immigrants fleeing the trouble in libya and elsewhere thousa

of higher gas prices over new the discussion about our reliance on foreign oil foreign policy steve levine will give us his input next rolling stones michael hastings is out of the get he released a new story about the u.s. military this time reporting that the army psychologically manipulated visiting politicians into providing more funding for the war efforts now as you can imagine the article is already having a lot of people up in arms but we can't help but wonder how many other people have also been victims of this practice we'll speak with lieutenant colonel anthony shaffer and journalists are finding it difficult to return to the u.s. after they've been traveling abroad they say that their elec tronic devices are take it and scanned before they can really enter the country but is this a blatant violation of the first or fourth amendments a.c.l.u. lawyer catherine crump away on the issue and we'll tell you how one hacker is taking on sony george hotz successfully hacked into sony's game system playstation three and i was asking for donations from the public to support its cause. but