by 1929 it had tripled and passed the billion barrel mark for the first time. but the greatest oil discovery was yet to be made. standard oil company of california discovered oil on the tiny island of bahrain. success there convinced saudi arabian king. the agreement was for 66 years. but the saudi desert was proving to be as barren as it looked. after six years of searching they found oil in saudi arabia and the rest is history. >> the subsidiary that they formed for oil in saudi arabia changed their name for aramco. they gathered for a reunion and among them was sam ranco who shot film back in the 1930s. standard oil showed some of his footage. >> all you could do is dawn the red sea by boat to disembark in jeta. this was inside of jeta it was a wild town. there's probably a four lane road right where that site is. >> exactly, exactly. >> there's the water carrier. five gallon cans. here's the sprinkling man. working for the municipality. the trip was a survey to find out to look at the logistics of moving saudi arabian crude, the discovery had been made. the

. >> $50 a barrel. where would brent be? >> brent we think will still remain at $110 a barrel. >> amazing. >> driven by the monetary expansion, driven by the supply tightness. >> what does it mean for u.s. consumers, for companies? >> i think it gives huge benefits already to the u.s. economy. in fact, we estimated earlier this year that the net daily sort of benefit to the u.s. economy from that improvement in the energy balances is close to a billion dollars a day. it's a -- a phenomenal boost that this is giving to the u.s. economy. of course consumers at the pump are not experiencing that because they are, you know -- consuming gasoline prices that are, you know, at worldwide price levels. but it is giving an enormous boost already to, you know, petrochemical companies, fertilizer companies and so on. >> extraordinary. >> on the corporate side rather than the consumer side. >> i think, you know, it is also giving indirect benefit to the consumers. you look at regions in the u.s., you know, there's u

you're trading a 73, $74 a barrel at midland.o what i'm saying to you is we're growing about a million barrels a day in terms of oil production in this country. something has to give. we either start exporting crude oil which in this day it's not allowed. maybe we see president obama approving the exports of crude out of the ground. there is a big gap here. >> i apologize. i want to interrupt you and move the conversation to gold quickly if you'll allow me. where do you see gold going in 2013 if we can be brief? >> you know, we think gold still has an upside. we like gold because the fed is printing $85 million a month and, again, the downside risk to gold could come from a tighter than expected fiscal arrangement. so fiscal tightening is bad for gold and i think that's what we're seeing right now. >> francesco, i'm sorry, finish your thought. i apologize. >> in the long run, at the end of the day, if they don't fix the longer term issues of the u.s. budget, i think gold is going to have a lot of support. we need to cut those ent

>>caller: i will use the barrel-tote for a purse.will get a billion e-mail's to make this by itself. >>caller: know you do not need me to back you up but i will tell you everything you said it happened to me. >>host: joy always says it, we are all alike. we share these experiences. >>caller: get on the property of this resort and of course it was the most expensive thing. >>guest: do i know what you said.13 feel for you. but you have got such a great value that outweighs all that. and i bet that did not. >>host: anita thank you so much. how many of us could relate to that? you get to the destination, you need another bag because your luggage is full and then you spend a fortune the bag maybe you did not like that much but you needed something. she is getting this for back up. she said additive leave-in need it. --she said i do not even need it. >>guest: it is so gorgeousnot forget this is a piece of carry-on luggage, light weight. this is the paris trunk-show collection. this is the carry-on22 in.. look at this gorgeous creamy vachet

the barrels they're riding in or >>> heading over niagra falls in a barrel. let's play "hardball." >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes

we had about 20 million barrels a day usage in this country. today we're down to about 40% in terms of our petroleum usage per day being imported. we are still spending about $60 billion a month to import that petroleum. this problem has been going on since 1973. every single economic contraction this country has had including the financial meltdown in 2008 was precipitated by run-up in oil prices. the marginal barrel of production is controlled by the opec cartel, meets twice a year to establish quotas in order to keep prices at an acceptable level for the opec exporters. the national oil companies of opec and other countries around the world hold the vast majority of oil reserves. they produced only about 40% of the world petroleum every day. this's a chart that shows graphically. if there is ever an example of a market that is not free, it is that. nobody acts in that matter in a purely free-market. if opec were doing what it does abroad in this country, it would be a crime and in violation of our antitrust laws. the prescription that the co

it into saudi arabia levels mean we produce 11 million barrels. not 18.7 million barrels. which is what we are currently consuming. at the same time, driving down consumption and, fuel efficiency standards, electrification, natural gas, and continuing research and development that sutterville is and was talking -- that senator alexander was talking about in the hopes we could take a biofuels to fly in airplanes and drive trucks to get them into scaled production that would be cost-effective. if we do all three of those things, we have a real opportunity to change the economic dependency of this country and certainly the national security risks that we continue to have with a black swan events like saudi arabia becoming a state that is controlled like a theocracy like iran or something. >> let's get one more here. >> i'm curious what mr. smith thinks about the conversation between senator alexander and gene sperling about research and development. i think i read that the price of plasma televisions fell 20 full and it really was -- 20-fold in a period of six to eight years,

hecht: before the stream restoration, when you have a rain event, the stream would just be barreling, just filled with tons and tons of water, and the water would move very quickly, eroding the stream banks further. narrator: the rushing water ran all the combined sewage straight into the monongahela river, which is a main supplier of drinking water for the region. hecht: what has happened because of the restoration is the water overflows its banks, it floods into these nice flood plains with native plants. and then slowly the water percolates back down into the stream. narrator: this allows the land to naturally filter and clean the sewer overflows before they enter the river. the restoration included extensive environmental changes to improve the stream and infrastructure changes to reduce the csos into the watershed. hecht: when i first started talking with people about stream restoration, i kind of imagined people out with shovels and small-scale. this is a massive $7.7 million project. schombert: nine mile run watershed is the most significant urban watershed restoration ever don

slides sideways between two pillars of barrels. >> whoa!>> come on. >> and busted out the back glass of the hatchback there. keep watching6z on the network see more drifting episodes. >> i'm calling this dogs doing stuff that's cute and will make you smile.man. >> i know. this is an english bulldog puppy and this video was submitted to us by a viewer andfá that viewe runs suburban bullies in new mexico. what i love about this one, it just does that sleeping animal thing where it quivers. >> he's dreaming about bones or biscuits or playing fetch. >> it's obvious she's dreaming of a belly rub. armsfá out. legs spread eagle. a big belly. proba4i4 full of mama's milk. >> got his belly button. want to tickle that. >> sure do. >> and then this one. this one was submitted to usfá katelyn. she put this on our facebook page. her dog likes to play fetch witj a stick. a very big stick. she says that when she's stacking up her sticks, her go grab the biggest one. please throw it to me. >> that's cute. playing fetch with6z a whole fá. >> i love him. he'

again, we're burning about 18.7 barrels of liquid fuels a day. we now produce, after an incredible increase of domestic production, about 6.5 million barrels of oil per day. and when you take biofuels and the natural gas liquids, it's about 9 million barrels per day. so we are still importing an enormous amount of petroleum. so the first thing about our recommendation is to maximize u.s. oil and gas production everywhere, in alaska, offshore east coast, offshore west coast, gulf coast, in new york, in pennsylvania, in the eagle ford areas, and that has enormous implications in terms of, as i mentioned, balance of payments and g.d.p. growth, but at the same time because of the enormity of the issue, you also have to continue to reduce demand by fuel efficiency standards and diversification of transportation. >> what role -- and i'm going to throw this to a c.e.o. in the crowd. so maybe david, you could take this. what role should the government play in the future of -- your business is transportation, too -- in the transportation business with thi

cracker barrel.. >> jimmy: welcome back, we're in brooklyn at the brooklyn academy of music. our next guest is an inordinately talented performer with 14 grammy awards and a new album that is titled "girl on fire." it comes out november 27th. please say hello to alicia keys. [ cheers and applause ] >> jimmy: i'm so glad you could come. you were scheduled to be here on monday. and our show got canceled and you were stuck in the city, right? >> monday was crazy. >> jimmy: it was a crazy day. >> scary. >> jimmy: did you lose power and that sort of thing? >> yeah, we don't have anything. >> jimmy: still don't? >> still don't. >> jimmy: i hear people are staying at kelly ripa's house. if you want to go by there. >> good. i was looking for somewhere to go. >> jimmy: i heard you lost some musical equipment? >> i think it got buried under six feet of water. >> jimmy: wow. so, will you be playing with bongos and spoons tonight? >> i don't have anything. it's going to be acapella. i need hand claps. >> jimmy:

. >> the tall tank in the middle called the gun barrel separates oil from water. the explosion occurs when the oil, made dangerously hot by the fire, flows through a pipe into the smaller tank that contains raw crude oil. >> there's a scavenge line up high on the side of the gun barrel that scavenges raw crude oil off the top of the barrel and dumps it into two holding tanks on the east end of the facility. >> the video shows the super-heated glob of oil funnel from the gun barrel into the holding tank, where it ignites the raw crude inside. seconds later, the flare erupts. then the tank blows up. >> it went up over our heads. i'm going to say every bit of 200 feet high. i could still see the tank today with fire coming out of the bottom of it as it's spinning going through the air. it landed about 75 or 80 yards away from us. we were very fortunate it didn't come down on one of our personnel or our apparatus. >> the tank next to it explodes soon after but this one stays anchored to the ground. >> the next explosion was the second holding tank that had raw crude o

hugh barrel. [silence] [silence] [silence] for those dealing with the daily struggles of caring for a loved one, we hear you. that's why aarp created a community with experts and other caregivers to help us better care for ourselves,@ and the ones we love. >>> if you've been with us you have found out a lot about advent and christmas. i know i'm talking about some things i did not know. what about st. nicholas and the gift giving? >> as we go down the checklist of things to remember about celebrating christmas and observance. so the story goes in the year 1500 martin luther was walking home and it began to snow and he went through a small wood evergreen wood and he looked at the snow and looked at the stars and he said here this is like the glowing evergreen nature of christ. so he went in and got home and took his little hatchet kind of like a george washington story went down and chopped up the tree. went in and put it in there for his kids. and then he began to put candles on the tree. your ide

fell to 400,000 barrels a few years ago. it is down below 200,000 barrels today. really insignificant in terms of world markets. sandra: right. >> what however is significant you've seen two major developments in israel. they found significant offshore gas fields. and second the israelis have done a fantastic job partnering with separate nations to spread their risk economically and guaranty those supplies in terms of security. so right now the tamara and leviathan gas fields are coproduced by israel and noble energy out of houston of the israel is cutting cypress and greece in on the deal. there was some confusion or some conflict as to who's exclusive economic zone these gas fields were in. israel got ahead of the conflict and cut greece and cypress into the deal so that they would be partnering with israel to exploit these fields rather than competing with israel. sandra: rapidly developing story. to put it in nato secretary-general rasmussen's words, i think now it is only a matter of time. so we'll continue to follow that story. thanks so much for joining us

we produce about 6.5 million barrels per day.tainly our energy production will grow but not that much. where the story on this is in natural gas. adam: right. >> that is the area of growth in the united states and if you throw that into the mix, then yes from a barrel of energy perspective we could be the largest producer in the world by 2020. adam: so this is important too. i want to point out to everybody the iea is not the eia. the iea is international energy administration. they got this started with their predictions about oil production. what is the outlook for the united states? we are pumping more oil. why couldn't we overtake saudi arabia? is that astronomical amount or is it harder to get it where we get it from now? >> certainly there's a big gap to fill but we have the resources here in the united states. part of the reason we don't produce as much energy as we should, it's the same problem we have in so many other facets of our economy. it's government. it's regulation. try to get a drilling permit. try and go throug

settling $85.57 a barrel. that is one-nth low. good news for drirs. u.s. prices fell to a 11-month loy. that is according to the latest lundberg surv. th $3.38 a gallon, down 10 cents in ree weeks. not bad. >>> saudi arabia said a cyberattack on state-owned giant aramco w launched by several foreign states. the saudi government didn't specificly names. citing a ongng investigation. a virus hit 30,000 aramco computers in august, aimg to st down production this is the new frontier by the way. >> chris mas comes early for -- christmas comes early for pot lovers in colorad and washiton. whoo-hoo. with the legal mess just beginning it is anything but a smokers paradise. we bring in a pot panel. why not? to break it down nex do you have ever have too much money? ♪ . melissa: legalized marijuana, perfect song, right is new fronti. along wi unexpected and potentially costly issues. everything how car insurance companies will handle people driving under the influence to crossing state lines with weed. so we have another "money" power panel today although we call it

settling $85.57 a barrel. that is one-month low. good news for drivers. u.s. prices fell to a 11-month loy. that is according to the latest lundberg survey. the $3.38 a gallon, down 10 cents in three weeks. not bad. >>> saudi arabia said a cyberattack on state-owned giant aramco was launched by several foreign states. the saudi government didn't specifically names. citing a ongoing investigation. a virus hit 30,000 aramco computers in august, aiming to shut down production. this is the new frontier by the way. >> chris mass comes early for -- christmas comes early for pot lovers in colorado and washington. whoo-hoo. with the legal mess just beginning it is anything but a smokers paradise. we bring in a pot panel. why not? to break it down next. do you have ever have too much money? you know how painful heartburn can be. for fast, long lasting relief, use doctor commended gaviscon®. only gaviscon® fms a protective barrier that helps block stomach acid from splashing u relieving the pain quickly. try fast, long sting viscon®. the potential of manchester united l

the major winter storms that unleashed heavy snow and tornadoes on christmas now barreling towards the northeast. the travel delays are racking up fast. details on that ahead. the tornado threat still in

i've never heard of a cracker barrel.here's a cultural divide, a bubble mentality plaguing both parties. they live in alternate universes. it didn't always used to be this way. 1992 when bill clinton unseated george h.w. bush, these same counties, won 60% with the whole foods market. 40% with cracker barrel. so that was a 20-point gap. it's a 48-point gap now. >> there are some older votes, maybe the old fdr coalition that have shifted to the republican party. the democratic coalition of younger voters, hispanics, african-american, is just growing in size. >> if you had to pick a couple of counties that would epitomize that shift, you look at ohio and the white working class counties along the ohio river, coal country, belmont county, ohio, gave john kerry 52% of the vote in 2004. obama only won 44.7% this time around. if you had to look at a county that captures where democrats are doing better and better, it's probably in your home state, chuck, osceola, florida. outside of orlando, kissimmee, st. cloud, huge growing pu

oil could go down to $50 a barrel. american energy beam outside right now--this pushes the demand for all to go down along with the pulse. if this is a good thing and this is one of the things that is open the markets right now. cars are doing well for america. gm is doing well for america. >> we are hearing that there is a lot oil sitting at refineries. they stated that we have not build a refinery since 1976. do we need to build more refineries? >> good luck with that. no one else will do it. we set our oil refineries to other companies to have them do it, to dirty their in violence. >> thank you rob for the updates. >> it is not too much that we should be concerned with. most of the shower reactivity is to our east. i do want to as soon man around the bay area because we did see ran round the san rafael bridge. you may need to use your windshield wipers. we are picking up some light rain over portions of highway 24. we are dry right now in san francisco and the same as for the 880 corridor. let's take a look that hi

barrels.ferent is the technology that we're seeing here today versus what you were doing out here a couple of years ago? >> it's unrecognizable today compared to what we were doing just two or three years ago. >> reporter: oil companies used to mainly drill vertical wells, hitting one pool of oil. but now they are rapidly converting to horizontal wells up to a mile long and combining them with fracking operations which split open rocks, releasing oil once considered out of reach. and one drilling rigs can now install multiple wells in one location, making it more cost- efficient. a horizontal well produces seven to ten times more oil than a vertical well. >> today, we're not running any vertical rigs, and we're running eight horizontals. >> reporter: so this really is the future of what you're doing out here. >> it is. >> reporter: the industry insists fracking is safe but is worried about an upcoming e.p.a. report that could heighten environmental concerns over water contamination from fracki

some breaking news, oil closing down $0.88 per barrel. $85.89 per barrel. that is a drop of 1%.pping two straight days of gains. ashley: on deck hsbc paying uncle sam nearly $2 billion for money-laundering by fox news judge andrew napolitano says the bank owes nothing. tracy: first, a look at the 10 and 30-year treasuries heading out to break. >> i am lori rothman. comments from house speaker john boehner on the ongoing fiscal cliff negotiations continuing to weigh on the market. boehner saying spending is the issue getting in the way of a deal. right now the dow is down 74 points. looks like maps on the iphone are headed in a better direction. this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell for a fourth straight week. the market may be improving. marking the second lowest claims this year. you have a slow moving average. that is the latest from the fox business network giving you the power to prosper. ashley: brea

looking at oil prices, the high this year, $110 a barrel, they are now hovering in the mid eighties, you are calling for $70, maybe $60, i see some estimates for $50 oil, how realistic is that? >> it is very realistic. ou know, it isunny, w are so accustomed in the past decade or so to being on the edge of the oil equation and by that i mean, we are just -- things are tight, shortages almost if there was any kind of upset in the middle east prices would react violently to the upside but i have been doing this a while and i don't want to date myself but back in 1998 when oil prices fell to about $10 a barrel that was because there was over production, saudi arabia was battling venezuela at the time for market share here in the u.s. and when you talk about 70 or i think merriynch's $50 a barrel call, potential call, it is that kind of environment, it is that one i can't there is oil that is being produced really massively in the middle of the country, makes it to the gulf coast, where we see the production in iraq continue to arise, we see the saudis trying to hold on to market share a

our barrels are empty we need you to come down we have giveaways, let's fill these barrels, we will bel day, not only union square how about in san jose. here's katie marzullo. >> reporter: good morning. no excuses we are everywhere today saturday to be out and about and share this is santana row in san jose it is gorgeous here. the decorations are beautiful and festive, it feels so christmasy. come down, you probably have shopping, you want to do look at beautiful decorations and while you are at it, how about you come down and share. we are collecting canned goods as well as cash in second harvest food bank knows how to stretch a buck they can take one dollar and turn it into two nutritious meals. we need more than 12 million dollars that's the goal so come on down we would love to meet you. we'll have a lot of special guests throughout the morning. >>> you can take part in the share your holiday food drive-by calling the number on your screen: or text feed to 80077 to donate $10. >>> we are getting word out of concord that pg&e is reporting they are working on getting power back up

we had about 20 million barrels a day usage in this country. today we're down to about 40% in terms of our petroleum usage per day being imported. we are still spending about $60 billion a month to import that petroleum. this problem has been going on since 1973. every single economic contraction this country has had including the financial meltdown in 2008 was precipitated by run- up in oil prices. the marginal barrel of production is controlled by the opec cartel, meets twice a year to establish quotas in order to keep prices at an acceptable level for the opec exporters. the national oil companies of opec and other countries around the world hold the vast majority of oil reserves. they produced only about 40% of the world petroleum every day. there's a chart that shows this graphically. if there is ever an example of a market that is not free, it is that. nobody acts in that matter in a purely free-market. if opec were doing what it does abroad in this country, it would be a crime and in violation of our antitrust laws. the prescription that

to 90.5 million barrels per day. >>> mississippi taxpayers getting burned. the state has given $22 million in support to six green energy companies since 2010. but new analysis by the associated press says, they have created less than 500 jobs. not so good. >>> solar city is postponing its ipo the solar installer was supposed to price yesterday and make its public debut today. details for the delay have not been closed. solar city was seeking to raise $151 million. >>> the fed cracking up the stimulus, cranking up the stimulus knob to full blast. it is dropping $45 billion a more a month on u.s. treasurys. inflation and ballooning balance sheets be damned! i can't keep track anymore of all the it tried to jolt the economy into recovery with very little to show for it i might add. is it time to call in the fed busters to stop ben bernanke from messing with our economy? i like that. joining me nariman bear verb, ihs chief economist and steve moore from the "wall street journal" steve, seems like you are the guy that likes our ghost buster, fed buster guy. >> i

york of benchmark crude futures have been relatively stable since the summer at just around $85 a barrel. this is against a background of slower economic recovery. opec expects demand for crude to rise as the dploe ball economy picks up. some analysts say opec could consider cutting output. here is a check on markets. >>> nhk special coverage japan general election is a click away. we'll be adding features to our web and mobile sites. in-depth looks on what could define the campaign. get online and get informed. >>> delegates from more than 100 countries noticed them as legitimate people. barack obama did the same thing a day earlier. the de the delegates met in morocco, the so-called friends of syria from the u.s., european union, and various arab countries. more than 50 opposition groups formed the coalition last month. the friends of syria say the organization is now the lawful government. they say president bashar assad should step down. delegates did not state whether they would provide weapons to the coalition. some are concerned that those weapons could fall into the hands of radi

and we get a very significant price uplift in the range of about $20 a barrel price uplift.nd we were the innovators of this first in the industry to do this again. and it's given us a huge first mover price advantage. but i wouldn't claim that it's worth the value of the entire market cap of our company. >> okay. i just know a lot of companies are selling these divisions that transport it. one last question. will natural gas prices ever rebound giving in your presentation you say over and over again we keep finding it everywhere. >> yeah. in terms of when gas prices will rebound, eog is one of the more bearish in terms of gas price forecasts. i believe gas prices will rebound from 2012 price levels which were abnormally low, but i think we're going to be kind of stuck in a channel of between 4 and $5 gas prices for the next oh, the next five to eight years, which is not that good for producers but it's excellent for the u.s. economy. because it means we're going to be the country that has the lowest long term natural gas prices of any industrialized area. to just put that i

politicians in washington are turning if into a christmas tree, of pork-barrel spending. melissa: no you're the grin much say forget. brian what do you say? >> well i would agree with that. you know the fema budget was 3 dal billion in the year 2000. this year it will be over $13 billion. at its peak it was 20 one after katrina. it has become a slush fund for local and state governments in a way for the federal government to redistribute monies to areas that are hit but in politically favored way. >> kirsten, do you want to save anyone's christmas on this list or we're throwing them all into the fire? >> like i said. i don't see them as bailouts. i see them as money spent the government has to honor. they can't just not pay debts that have been incurred in their name. once, the money has been spent. it is just like the debt ceiling. people say don't raise the debt ceiling. sorry the money is already spent. melissa: would you bail them out and shut them down then because they're not -- >> i think something has to be restructured and in a way they can't spend money they don

cracker barrel. it's cheddar, perfected. [ singing christmas carols in background ] aunt sally's singing again. it's a tradition honey. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. >>> it is mostly sunny and 38 degrees in central maryland right now. your complete first warning weather forecast is still coming up. >>> in egypt clashes continue. supporters of president mohammed morsi battled off protestors. five people are dead, over 400 hurt. the demonstrations began over morsi's declaration that he should be given near absolute power. >>> recreational marijuana is officially legal under washington state law and marijuana smokers are over joyed. at midnight there was a celeb

organizers say there is plenty of time to fill these barrels. the trouble, there has been fewer donations than usual. they received half the amount they had last year. they are still hoping to collect 15,000 toys but they will need more help. lefty o'doul's served as a collection point for the firefighters for the last 12 years. organizers want to make sure no child is forgotten. people can walk up, drive up or call and they will pick the toys up for free. >> i always believe in giving back. this is the time. we decided to give back. >> we decided to get a few things to help fill the barrels for the young kids. >> reporter: there is still time to donate. santa is out here, firefighters are out here and volunteers in front of lefty o'doul's collecting toys till 2:00 a.m. live in san francisco, ann rubin, ktvu channel 2 news. >>> and we got clouds out there right now. sprinkles around this area. right now you see lots of clouds. the clouds are going to be there all night. we will see the fog start to set up. valley fog is the main weather player f

the barrels they're riding in or the power of niagra falls itself?oining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you name it. they put it all together. and if they blow it, who's going to get hurt the most? >> well, i think the republicans right now are hammering themselves in the foot over and over and over again. at some point they may figure out how to stop doing that. but in the short-term doesn't look like that's happening. i think the low expectations right now are only helpful to them if they can get a deal done. it's not clear that can happen. they may even fall short of these low expectations they've had for two years now essentially both sides the white house and the congress advocating their way of getting it done. >> the barrel they're riding in

officially, opec will stick to its 30 million a day barrel target.t covers all the members of the group. that would be actually production has been consistently higher ever since this target wab set. almost 1.1 million barrels above the target is what opec has cut into producing. >> heading into a meeting like this, incident isn't just about the supply, it's about demand. we've seen some softening in global production. how much will these countries have to produce next year? is it going to be a demand story ultimately as we look at global growth or is it going to be a supply story, about the middle east and where the flow is actually coming from? >> i think it will be a supply story. we saw entire libyan production out of the market. however, supply concerns do seem to have receded. iranian production is down, exports are down. that has been largely factored into the market. saudis have ramped up production. between april and august, they were pumping at an all-time high. stocks are pretty comfortable right now. so to my mind, it's really a demand qu

wine furniture doesn't have to be made from wine barrels. i've taken my style here which i consider to be creating liveable spaces that are chic with just the right amount of glam. the wow moment are these made to resemble swans' wings and add natural elements in the room. some other fun elements include the gilded stump table and the bird print on the bed. i created two main upholstered pieces in the room. the custom bed and custom setee. they have a 1940s era feeling which i love. overall, the room feels charming, relaxing and isn't over the top. >>> hi, my name is melanie turner, i'm the interior designer for the master bedroom here at the napa valley showhouse. we wanted to create an intimate and timeless interior for the master bedroom. we did this by juxtapositioning classic with contemporary, old and new, airy and intimate with light and dark elements. a great example is the soft, modern lines of the sofa and the bed. married with the painted italian chest. the room exemplifies a rural and refined look, just like napa valley itself. >