Durbin says Republicans mistaken on supply

Sen. Richard Durbin (D-Ill.) says Republicans are making a fundamental mistake in analysis of supply and demand. He says Republicans plan to lower gas prices by leasing more of America to oil companies at bargain prices, allowing oil companies to make record profits. He says eight years, divided by two oil men, equals $4 gas. (0:46)
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Ensign: "Obamanomics" of supply and demand

Senator John Ensign (R-NV) says that Democratic presidential candidate Barack Obama is trying to negate the law of supply and demand when it comes to production of oil. (0:40)
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