Oil and all the ramifications of rising prices continue to be a source of international urgency. On Thursday, June 26, oil went beyond $140 a barrel before closing slightly lower. Soaring prices have already hurt consumers at the gas pump as well as several industries. They’ve also sparked protests across Asia, Europe, and the Middle East.

This week, Congress held hearings on the record high prices. Daniel Yergin, Chairman of Cambridge Energy Research Associates, was among those who testified. He sat down with Charlie Rose to discuss the oil crisis.

Watch the video:

For more interviews with energy experts, policy makers, and more visit CHARLIE ROSE online.