if you look at field services, oil north of $80 a barrel should provide good support for their services that they provide to larger oil companies. >> tom: finally, let's update the january 28 picks. you like energy back then with apache, the share price down 14%. comcast down six. do you still like these? >> we still own both of them. our over-weight to both of them is lower than we saw in january. we did see pretty good price appreciation in january until late april and they sold off, kind of reflective of the overall concern over europe and the broader economy. >> tom: real quick are the funds have positions in these, correct? >> absolutely. >> tom: our market monitor this friday, eric ristuben, chief investment strat can gist at russell investments. >> it's encouraging to hear eric upbeat on the markets but investment today was much more edgy and that's why we saw stocks flipping between small gains and small losses, a lot on the worry list-- europe, super committee, you name it. >> tom: the key word there is small. less volatility, a lot less after a chop week, susie. let's go ahead

difference was that the wti oil was about 1.50 to $2 higher the brent oil, which represented the transportation cost from the north sea to our texas and oklahoma refineries. >> tom: so does that mean u.s. oil at $115 a barrel then if you go back to historic norms? >> no. i think the price action you saw today is the bulk of it. i would look for those prices maybe to go a bit heyer to 205. but there's real difficulties in the european economy and the chinese demand that should allow both of these prices to fall back under $100 relatively quickly. >> tom: that's on the demand side. as we've seen with inventory supplies generally are plentiful. talk to us about the infrastructure of delivering in the united states, when one single pipeline in oklahoma reverses, goes 180 degrees and you see this kind of price spike. what does it say about our energy infrastructure? >> well, it's tight, and it very vulnerable and there's a lot going on in this activity. getting what puts these wti prices down has been the advances and the rise in domestic production in north dakota, in they'll oil, and obviously all the oil that's comi

the very beginning of this. >> reporter: and all of this is because there is so much oil under the ground there in north dakota and montana, brian, they think there's at least 24 billion barrels of oil underground. >> it's an incredible story and we'll see more on this tonight. folks who know someone chronically unemployed, this really is the place to go. as we may mention again later on, it's just one of the stories on the premiere of "rock center" tonight, 10/9 central on this nbc station. harry will be here with us. >>> up next as we continue, who would pass up a high-paying promotion in this day and age? well, we'll tell you about the choices some women are making and why. >>> and later, the "making a difference" report we aired right here about a boy starting his racing career to help families with cancer. tonight, the big-time driver who saw our story and decided to help. >>> we are back now with some surprising findings from a national survey of college-educated professional women, many of whom say they are now less ambitious at work than they were a decade ago. they don't speak for all women and

company is developing a copper mine south of kabul, and another has won the rights to explore oil fields in the north. many developed countries hesitate to bid for work while security remains uncertain. but for emerging economies, the opportunities appear to be worth the risk. hideki yui, nhk world. >> in thailand, the flood threat to central bangkok has motely receded. but in surrounding areas, many people continue to face severe hardship. among them are migrants from myanmar. first the water swept away their homes and livelihoods, and now language barriers and red tape are making the situation harder. nhk world has more. >> reporter: about 300,000 immigrants from myanmar live in a province near bangkok. they've been providing cheap labor to factories that process marine products and make mechanical parts. but the floods have changed the life of 28-year-old natu tet. he obtained a working visa and came to thailand with his father. he used to work at this flooded machine parts factory. production looks likely to be suspended for some time. >> translator: it's hard to make a living without a job. i do

north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands ojobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and that's a huge breakthrough. that's good for oucountry's energy security and our economy. i've tried it. that's good for oucountry's energy security but nothing's helped me beat my back pain. then i tried this. it's salonpas. this is the relief i've been looking for. salonpas has 2 powerful pain fighting ingredients that work for up to 12 hours. and my pharmacist told me it's the only otc pain patch approved for sale using the same rigorous clinical testing that's required fo prescription pain medications. proven. powerful. safe. salonpas. [applause] >> we are back with lou dobbs and there was an entering turn ofentious vents for bark obama. he talked about the abuse of executive power under george bush. this was his comment. >> biggest comment we - problem we are f

oil market is fundamentally tight. we have some dwindling supplies especially in the north seas and we have potential demand there in the marketplace. >> reporter: and more countries, like china, are consuming oil adding to price pressures. since the lows in october, light sweet crude has soared 27.5% from $75.87 to close just under $99 in friday's session. some experts, however, believe psychology and speculation are playing the larger role in driving up crude. they note that oil traded around $140 a barrel during the financial crisis and there was no shortage in supplies. >> obviously the people who are making bets up or down are basing this on fears and expectation and concerns. so if they bet that there will be some disruptions in the middle east or west africa they make the bet that that will impact psychology at least if not the physical supply. >> reporter: either way, high oil prices takes a big bite out of consumer spending in the form of heating costs and higher gas prices. economist estimate that every 50-cent increase in pump prices takes $50 a month out of the consumer's wallet. or, a $70 billion hit to the

you have to cut the story if the currency disintegrates let him in or over one coughs get north capital believes oil firms in russia would need government help to survive if they were to fall. we strive to survive by hiking with the ministry. at the pump stations obviously after the station number two there will encounter the anger from the government then. there will be a clash of the. word. russian company using. some sort of alleviation of. the duties. you know to pull them to preserve positive trade you margins so we're made in the government who would have to make huge sessions to rational company in order for them to survive. let's have a look at the markets commodities first oil prices are heading up a strong start to the holiday shopping season in the u.s. light sweet is trading at over ninety nine dollars per barrel while brant is that one hundred nine dollars a barrel a strong strong start to the u.s. shopping season and hopes for a far reaching solution to europe's debt crisis and u.s. stocks sharply higher thanksgiving weekend is a make or break time for many retailers for the past six y

north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands ojobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and that's a huge breakthrough. that's good for oucountry's energy security and our economy. how about making it brighter. more colorful. ♪ and putting all our helpers to work? so we can build on our favorite traditions by adding a few new ones. we've all got garlands and budgets to stretch. and this year, we can keep them both evergreen. more saving. more doing. that's the power of the home depot. here's a bright idea. trade in any light string and get up to 5 bucks off the latest christmas led's. but wanted to do something more for my nutrition. there's so much information out there. what's good for you today, is bad for you tomorrow. i had no idea what to choose. until i found pronutrients -- a new line of supplements from centrum, who i totally trust. omega-3 suppo

you know who is not going to benefit from the oil, maybe over, the north pole. going to win. oil company and oil industry will benefit. we shouldn't pay attention to their figures for jobs. cornell did an independent study that said fewer than 5,000 jobs created. who wins? people who invest in and make money off the oil industry. who loses, consumer? >> 401(k) invest in the oil industry. they win either way. >> go up and jobs will be temporary. >> hang on a s.e.c., speaker boehner put out a statement after this delay was announced by the president. he said, quote, more than 20,000 new american jobs have just been sacrificed in the name of political expediency. by punting on this project president made clear campaign politics are driving u.s. policy decisions at the expense of american jobs. >> a complete farce, the reason given it's environmental damage to the aquifer, which we just saw on the map is massive. horrible impact. i'll use visible aids, too. right now 8,000 wells through the aquifer. surely laying a pipeline over the aquifer won't have the impact of

small independents to find oil and gas in fact i want to open federal land to be able to find oil and gas. north dakota all of the development on private land and the reason north dakota has 92 per cent unemployment is the bolten field formation has tried 25 times bigger, 2500 per cent figure in the u.s. geological survey thought it was. >> [inaudible] >> i voted for ethanol and gas in 1984 when ronald reagan signed it and in 86 when he signedt and in 1998 and helped it survive. my record on this the position let me be very clear about this i had a very successful speech business. i had a very successful general business. there isn't a single position taken that involves bnp i'm happy if people who like my positions and no cases on know of where i say please, don't pay me, but in fact these are all positions i have had over a long public career. so in that sense they said we are concerned would you give us advice and i said sure. >> what exactly where yr company speed fr to do by freddie mac? >> largely strategic advice and i think in one article 1 of them says that. the lobby for the strategic

north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands ojobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and that's a huge breakthrough. that's good for oucountry's energy security and our economy. ♪ in her eyes... the world is never too big. in his...the weather should never keep you inside. ♪ because they see no limits, there's eukanuba nutrition designed to help their body go as far as their mind wants to. eukanuba. extraordinary nutrition for extraordinary beings. see the difference in 28 days or your money back. extraordinary nutrition for extraordinary beings. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. like a ramen noodle- every-night budget. she thou

the infrastructure for exporting and refining oil is located in the north. 75% of the oil is now in the south and most oiler in the south. for the time being, the south has no other than sending oil out to the north it is a northern refineries. therefore, they are still basically joined at the hip. and they cannot allow them to china and u.s. cannot allow for them to let the situation very down into some sort of conflict began. i think it's an ideal situation for the two countries to try to work with both juba and cartoons to ensure that the cpa works. and a sense, you can argue china has greater interested in the u.s. because china built and owns much of the infrastructure and the northern part of sudan. >> we have made a critical point. the short term interest of the united states and apply to your observation as well, making sure disagreement works in these countries don't separate. not only is it in the infrastructure but kenya and somalia have an expansion of what's already a bad situation in somalia and northern kenya. they could blow up like a powder cake. you know if our embassi

for what could happen if the currency does integrates let the metals on course ski from north capital believes oil firms in russia would need government help to survive if the euro were to fall. strive to survive by hiking the domestic rates at the pump stations obviously after the station number two there will encounter the anger from the government then. there will be a clash the rates will be all the word the third stage russian companies will be some sort of alleviation of tax duties for the in order for them to preserve positive trade your margins so we're made in the government who would have to make huge sessions to rational companies in order for them to survive. and there's been leapfrogging mushers oil market as team k.b.p.s. become the second largest oil producer in the country produce half a percent more crude during the first nine months of the year than nuku oil and the same lukoil has been concentrating more on foreign operations than domestic expansion. which brings us nicely to the markets oil prices are heading up band they've gained another dollar per barrel just over the past h

way to to compete and competition is good in this specially for the north in our oil and gas related industry as you know nic if anything is a competition that's one of the things i regret there isn't enough of in the marketplace here how do you think it is some of the bigger companies are going to take it a little bit more seriously now that we'll have a medium sized players that can actually have access to outside markets and smaller players coming in here you think it'll kind of shake up the works because there's a lot of complacency with some of the big guys there is also in the world and gas sector actually as well where the three of us won't have much of an effect and that is the biggest industry in russia. that will so needs to become more efficient. one hopes that certainly it will make these industries more efficient toggle told as always if they don't then the the end result is they'll cease to exist i mean that if you put a level playing field the best team wins. there are mechanisms that within the upper tier to maintain terrorists to maintain. sort of border controls in

you know who is not going to benefit from the oil, maybe over, the north pole. s are not going to win. the oil industry and oil companies will win from this. that's why we shouldn't be paying attention to their figures for jobs, 20,000 jobs. cornell did an independent study that said only -- fewer than 5,000 jobs created. who wins? people who invest in and make money off the oil industry. who loses, consumer? >> 401(k) invest in the oil industry. the oil industry wins either way. >> gas will go up and jobs temporary. >> speaker john boehner, put out a statement after this delay was announced by the president. here's what he said. quote more than 20,000 new american jobs have been sacrificed in the name of political expediency by punting on this project, the president made clear campaign politics are driving u.s. policy decisions at the expense of american jobs. will cain? >> pete just illustrated the reason being given for delaying this pipeline approval is a complete farce. the reason being given it's environmental damage to the aquifer, which we just saw on the

the persian gulf area the oil producing states there and across north africa all the way to morocco. and the events the so-called arab spring have been planned years back and the instigators of those so-called spontaneous protests these twitter revolts in cairo and tunisia and so forth over the last months have all been. organized. some of the people leaders of the protests have been trained in belgrade in serbia by old poor activists financed by the u.s. state department. this thing has state department and u.s. intelligence all over it. and why why are they doing this well two things in my view one. there is vast wealth in the hands of the leading circles in the arab world vast wealth sovereign wealth funds of countries like kuwait. and other countries but also just the resources and one of the agendas is to introduce as was done in the soviet union after nine hundred ninety one with the collapse of the soviet union the agenda of i.m.f. privatization free market economy and so forth so that western banks and financial agencies and corporations could come in and take the plunder the

oil in idaho alone. dakota, excuse me, north dakota alone. what they're finding is truly a stoppering, and transforming to are this country. >> to we're apparently richer -- >> we are. >> canada is -- >> shale. >> yes, but there are other places that haven't been successfully prospected yet. >> part of the trouble with our economy right now is the trade deficit. if we start ex for thing this oil, we could cut down the deficit by hundreds of billions of dollars that. would really help the economy. so i think this is a -- [everyone talking at once] >> game changer. >> maybe -- >> how much are we importing every day? >> something like 12 men barrels. >> where is that going? >> we've become depend only a lot of countries, venezuela, mexico, canada, and the middle east. >> i think 18% of our oil comes from venezuela. >> all right. call me the cynic. i see this as a public relations narrative advanced bithe coal and oil industry. >> ah-hah! >> that feels lying they're losing their -- >> so -- [everyone talking at once] >> this will kill the coal in

preparing for what could happen if the currency disintegrates but the medicine cough scared north capital believes oil firms in russia would need government help to survive if the euro were to fall. strive to survive by hiking the domestic rates at the pump stations. after the station number two there will encounter the anger from the government then. there will be a clash the rates will be word then the third stage russian companies will be some sort of a living tax and duties for the all will in order for them to preserve by the trade you margins so we made the government who would have to make huge sessions to rational companies in order for them to survive. there's going to leapfrog and russia's oil market is here and k.b.p.s. become the second largest oil producer in the country because any produce half a percent more crude oil during the first nine months of the year. has been concentrating more on foreign operations than the mastic expansion and therefore this was a. move this nicely to commodity prices oil is heading up a strong start to the holiday shopping season in the u.s. side even saying