Oil prices

[0:00] ..." Joining us live art Hogan chief economist at Jefferies and company here in Boston. Art good morning and help us understand what's fueling the price of west Texas crude."...

[0:25] ..." increase opposed to the biggest piece here is two full. Which is increasing demand it is like China and India and to think countries. And we have decreasing demand coming from developed countries like -- He"...

[1:15] ..." Real quickly the market this is good data look for some bargains and some bottom honing baby is. We've devalued in tourism market cap I don't like to GM or should people sit on"...

[1:37] ..." definitely through some babies out with the bath water there's definitely some bargains that might -- It is based business but I certainly next week if you look through the cost producers should be some bargains out there and sources could be very very import"...

[0:00]" Joining us live art Hogan chief economist at Jefferies and company here in Boston. Art good morning and help us understand what's fueling the price of west Texas crude."

[0:09]" There's several things here said that our religion is first of which is. Such political that's not so some Israel looking risks to dangerous situation right now Nigeria get difficulties with militants attacking their supposed. We as incendiary but trying to increase opposed to the biggest piece here is two full. Which is increasing demand it is like China and India and to think countries. And we have decreasing demand coming from developed countries like -- He used to be be overwhelming and it and dynamic is that as China increases its industrial build that it increases its needs for energy act. So that's a big of the driver but it's. It's hard to put -- on honest. Q did did there's a there's a lot of speculation in the sacred -- momentum Sears get into the commodity. And start things up so if you were to say -- 542 -- how much of that is speculation on how much is that pierce demand -- this directly that the thirty dollars as pure speculation you don't have to market disruptions supply and and and and that's very difficult to ascertain."

[1:15]" Real quickly the market this is good data look for some bargains and some bottom honing baby is. We've devalued in tourism market cap I don't like to GM or should people sit on the sidelines and see what happens."

[1:28]" he would do -- a -- it -- but it would certainly say that we have a -- yet. Total washout -- 3% support in three major market indices he's definitely through some babies out with the bath water there's definitely some bargains that might -- It is based business but I certainly next week if you look through the cost producers should be some bargains out there and sources could be very very import"