The cost of oil fell below $100 a barrel following Friday's quake in Japan. When the world's third largest importer of oil goes offline, demand for crude plummets.
Kai Ryssdal goes over the past week's financial news with Sudeep Reddy from the Wall Street Journal and Leigh Gallagher from Fortune Magazine. This week: The budget fight in Washington, and the oil bubble.
Despite a global freeze on Muammar Gaddafi's assets, analysts believe Libya is making at least $150 million a week in oil profits. The U.K. says it has a solution to benefit the Libyan people.
Oil executives are meeting in Houston. Reporter Scott Tong discusses whether there is panic among execs at the energy conference and what's in store for the oil industry going forward.