tv Forbes on FOX FOX Business March 23, 2014 9:00am-9:31am EDT
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what if i told you we could wipe out putin's energy grip on our allies in europe or diminish it and put more americans to work at the same time? tap and export more of america's oil and particularly natural gas maybe export it over there and that's what could happen. more folks, including some democrats calling for it, but green protestors like these telling the white house not to do it for the climate's sake. who should the president listen to? sabrina, particularly in light of what the ukrainians are going
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through, this could really help them? >> right. energy is a powerful political tool. we've seen putin in the past try to limit natural gas to the ukraine people. he's threatened to do it in mall dove va as well. this gives us a strength in terms of foreign policy. why i support this in terms of a free market perspective, it's not a silver bullet. there are things standing in the way from the jones act, to the keystones. there are other things we can be doing as well. >> rick, it's not going to happen overnight. we're not going to cure everything by immediately lifting export bans, et cetera. but the energy department now has 25 applications pending for liquefied natural gas export terminals. shouldn't they be green lit? >> yes, david. i'm really glad that you raised the point about the terminals. something that's confusing people and we need to straighten out, where the government can do something, and i agree with you that they should, is fast track
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these terminals to move these out to other countries. what the government can't do though, we have to always remember -- we all think the government stops the oil companies from drilling. right now over 50% of the leases that are granted are not being developed over 75% off shore not being developed. they make the call, not the government. terminals, i'm with you. >> as to the permit, you often hear that from people opposed to more drilling. they say, well, they already have the leases. a lease is one thing, a drilling permit is another. yes, the leases are out there, but the energy department and the obamacare administration in general is holding back on drilling permits. >> that's true. oil and gas in this country largely remains in the protective custody -- i'm being facetious -- it obamacare administration. when you drive down the cost of energy worldwide you get rid of these dictators like putin. you have arab springs breaking
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out. whoever controls energy controls power of a government. what is happening now is i think you mentioned at the break, david, 25 export terminals are in the pipeline for lng, but they're being held up. if we fast track them, wow, you could see a total ripple effect around the world of who's in power. >> particularly, bill, when you look at a map of ukraine and you see it just criss-cross with all these gas pipe lines, europe is far more advanced in terms of these gas pipe lines than we are in the united states. this could really change the deal tremendously. >> i'm all in favor of helping the european friends and hurting putin, but i think there's a big problem. you think that any kind of export terminal is going to be developed in the next couple of years, even during putin's lifetime, we're talking about a nimby problem. not in my back yard. if the neighbors don't want one
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of these big ugly terminals, it doesn't happen. >> i have to admit, bill has a point here. the fact is that these terminals may be a little risky. natural gas does have a tendency to explode. >> a little problem. >> there is that. >> none of us want that to happen unless it explodes by the time it gets to moscow. maybe back it up the other way on the pipes. >> careful. >> look, the key player in all of this is angela merkel in germany. she's by far and away the strongest leader in europe and they depend on russian gas right now and that means as germany goes so goes the whole continent and we've got to help lessen the dependance on russian gas. >> john, you look at unemployment in the united states, the state that has more jobs than it knows what to do with is dakotas, because they have all the natural gas there.
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>> i hate to do this but i'm going to have to be the rick unger of this segment. >> rick unger is the rick unger hat there's such a thing as an oil or gas weapon is a myth. the notion that russia can keep its oil and gas from reaching other countries in europe defies basic economics. the only closed economy is the world economy. if russia 'em bar goes every single european state they'll still consume russian oil and gas but they'll buy it from the russians who don't 'em bar go. this will not push putin out of power. >> with respect, i listened to the europeans, the length wayne yans. we got to leave it at that. we talked about how russia is trampling its neighbors so why is it planning to give it and china more control over the
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accounts. there's already bad sensorship going on with north korea, iran. and yesterday turkey stopping twitter. this means worse sensorship. this is a bad move. >> the december dents in these countries won't be able to get the message out. >> they already can't. that's why i'm not quite sure this is so important. we control it now and they're still blocking twitters and messing with dissidents. we don't own the internet. it should have been overseen by a world organization, not a government affiliated one. >> we invented it. >> no. al gore did. >> the defense department did. >> these organizations that rick she's should be in charge of this haven't been a good job. you look at what the u.n. has been doing around the world. >> the internet is under american control. it's become more important in the future. i would rather have america continue to control it than have
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some untested organization we don't even know about yet. >> rich carlguard, you're in silicon valley. you know about these things. the "wall street journal" had a piece this week, the lead headline is america's internet surrendered. did you agree? >> it's probably a short sign for google and the rest which i would argue are overvalued anyway. the obamacare administration is not making itself clear here. i think this is an overblown issue. britain gave away hong kong. the world didn't collapse. i want to hear the obamacare's administration's explanation and we're not getting it. >> i think it's another idiotic move by the obamacare administration. >> what do you really think? >> the technology that allows people to hook up to the internet from their devices. >> bill? >> i'm not worried that the wrong governments are going to control the internet but i don't
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think any government has controlled the internet. >> they've stopped people -- >> some new google software stops people from getting on. >> rick, anything that could silence the voice of those brave people putting their lives on the line, anything, i'm not convinced that it absolutely will but shouldn't be investigate more carefully before we give it away? >> i don't disagree with you, david, but they can already do it. i don't know why that's being lost in this. >> let's be happy with that. >> that's got to be the last word sglfrnl word. it seems like many in the media are reporting more speculation than facts when it comes to the malaysian airline story. "cashin' in" reports you decide. first, are markets holding steady in the faces of very serious worries. get the no-fear stocks leading the way.
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so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally.
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have no fear, our informers have the no-fear stocks heading up. >> wall street analysts are telling me they like this etf that's international companies doing buy backs. >> impressive performance but an awful lot of that is nothing but leverage in a rising market. >> you only have to look at my tie to get an idea of what you are in favor of. gold core? >> this is a company that produces money and it's more solid than janet yellen of the
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fed produces. >> they're having trouble producing money. i kind of like it though. >> kind of. that's not a full endorsement. that's it for "forbes on fox." keep it right here, the number one business show continues with eric bolling and "cashin' in." america the super power becoming america the pushover? >> we do not need to trigger an actual war with russia. >> none of what we're saying is meant as a threat. it's not meant in a personal way. >> fell lows, it is personal because while putin is redrawing the world map, president obama is drawing basketball brackets and laughing with comedians. mr. president, time to quit playing around around start powering up america. plus, time is running out on obamacare. looks like 7 million enrollees goal is going up in smoke. that might explain why they're spending millions, millions
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