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Oil Story Creating 'Middle Class Prosperity': Perry

Friday, 10 May 2013 | 7:33 PM ET

The Department of Energy reports that U.S. oil output is at its highest level in 21 years. Mark Perry, University of Michigan and "The Kudlow Report" crew discuss. "Everything about this [energy] story is so good, it's creating middle class prosperity," says Perry. Jim Iuorio, TJM Institutional Services, weighs in.