Steve Chiotakis speaks with Jill Schlesinger, editor-at-large for CBS/MoneyWatch, about the Commerce Department's downward revision of the nation's Gross Domestic Product number, and the rising cost of oil.
Deep water drilling has been on hold in the Gulf of Mexico since the disastrous BP oil spill. But industry executives say they're ready to resume drilling. Jeremy Hobson speaks with Barbara Shook, Houston bureau chief for the Energy Intelligence Group.
Jeremy Hobson speaks with Diane Swonk, chief economist at Mesirow Financial, on how the turmoil in the Middle East and North Africa will affect the global economic recovery.
Violence in the Middle East and North Africa has sent oil prices to a two-year high. Stephen Beard explains the finer points of oil refining, including the value of a light, sweet crude.
Steve LeVine, contributing editor at Foreign Policy and author of "The Oil and the Glory," discusses Libya's oil economy and foreign business dealings.