>> let's ask legendary investor boone pickens.me back. >> thank you. >> what do you make of the lines we're seeing and we're experiencing here in the northeast right now? >> it's not a shortage of gasoline. your problem is a shortage of power. so you've got what -- what you've got is those long lines at those stations that are able to pump gasoline into the cars. >> sort of off topic, but we're wondering back here why they don't require back-up generators at all gas stations here. >> well, how many times has this happened? >> only takes one time, though. >> well, that's another expense. it's pretty well shut down in north carolina because of compressors there, which is power. but you still have plenty of gasoline. >> it feels like this is the kind of event where it can really spiral out of control and get a lot worse. from your standpoint, what would be the lasting impact of this storm? >> the lasting impact? is that the question? >> yes. >> well, lasting impact, you know, the storm is, you know, it's unusual. it's a 100-year stor

up next, legendary investor boone pickens reacts to speaker boehner.d out what he thinks a second obama term means for the energy industry. >> after the bell, the man who ran home depot tell us whether washington can come together to avoid the fiscal cliff. he's here exclusively later on the "closing bell." stay with us. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, sma

boone pickens, who once scoffed at the oil sands, is one of those investors. s runs a hedge fund in dallas and is now a true believer. >> we're managing $5 billion here, and about 10% of it's in the oil sands. so it's the one single largest investment we have. >> 10% of $5 billion. i flunked math. >> 500 million. >> and if oil sands are the answer for investors, are oil sands the answer for the united states? >> oh, i think so. [ticking] >> but despite the boomtown mentality in the great white north, we'll meet environmentalists who say there may be a high price to pay to get all that oil out of the dirt when 60 minutes on cnbc returns. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet al

boone pickens, who once scoffed at the oil sands, is one of those investors. pickens runs a hedge fund in dallas and is now a true believer. >> we're managing $5 billion here, and about 10% of it's in the oil sands. so it's the one single largest investment we have. >> 10% of $5 billion. i flunked math. >> 500 million. >> and if oil sands are the answer for investors, are oil sands the answer for the united states? >> oh, i think so. [ticking] >> but despite the boomtown mentality in the great white north, we'll meet environmentalists who say there may be a high price to pay to get all that oil out of the dirt when 60 minutes on cnbc returns. . ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. ♪ [ male announcer ] the way it moves. the way it cleans. everything abou

boone pickens i think the pickens plan is actually a very smart plan for america today and i'm surprised it's not getting more momentum where they want to start is on the long haul trucks it makes up less than about four or five percent of america's room usage but makes up just under twenty percent of the fuel usage so that's where you want to start with do we see the s.u.v. switching to c. and g. not quite yet but you know there are places in media where they now brought in you have to have seen a g. but it works for lower powered vehicles you know it doesn't work with your cadillac or your trans am or your mustang if you go to moon by new delhi it works on those little you know three wheelers so i think again it maybe start with the pickens plan that's a good place to start but it's not going to see energy it's not going to replace the oil overnight and really quickly just before we go what would you say are the biggest head when's in this this report that you don't buy that that this is even going to happen this i.e. a report that we're going to become energy self-sufficient in the u.

and bring on natural gas and hopefully the likes of boone pickens and others can get natural gas into the 18 wheeler fleet in the united states putting huge pressure on crude oil and good for the economy, good for the united states. i would love to see it. lauren: lets sta let's stay awal for a second. you're bullish on gold right now, why is that? >> you will have four more years of ben bernanke policies of money printing. that will increase the money supply and that is always a good idea to buy gold when the money supply goes higher. i would definitely look to take advantage of a pullback in gold and snaps him up. david: are you surprised the price has not popped? we've not seen a huge increase. >> it is kind of city. because the equity market has sold off so much, a lot of people are liquidating their positions in gold, probably some good luck and capital gains but some to raise the margins because they've had so many other losing positions after the election. it is a good testament to gold but it has continued to rise. i really think we will see gold prices over $2000 per ounce. l

a homebuilder named bob perry, a dallas financier, boone pickens, these were the funders of the swiftboateterans against john kerry. they've been with him a long time. he clearly promised them something in the 2012 race you, and he had not delivered. >> he doesn't issue a mea culpa, but gives an unbelievable excuse. he writing -- i'm quoting him now -- mr. obama was ruthlessly efficient in executing an early negative campaign. the president was also lucky. this time the october surprise was not a dirty trick but an act of got. hurricane sandy interrupted mr. romney's momentum and allowed mr. obama to look presidential and bipartisan. so let me get this right. the -- mr. romney was soundly beaten both in the popular vote and the electoral college and the swing states that mattered the most? and it was all because of hurricane sandy? >> yeah, i think a less charitable person might be saying "and the dog ate my homework." in the 1980s, karl rove, a young political operative working in a democratic environment put together a memo. he explained how he was going to make the democrat ectexas pol

boone pickens thinks it should be trading at 4 bucks. it is on its way to 4 bucks. that's the best i could say. liz: he's now saying don't use the t anymore, sort of like prince, changing his name. thank you very much. good to see you all. the dow falling to session lows following comments from fed chairman bernanke. what did he say that freaked everybody out? you know, the fed chief says that the fiscal cliff outcome will make-or-break the economy in 2013. we knew that. but i guess peter barnes, it gets a little more legitimacy when it comes from the fed chief? peter: yeah, liz, listen, bernanke trying to push politicians here to cut a deal. he said that the fiscal cliff poses a substantial threat to the economic recovery. he embraced forecasts by the c -- cbo and others that it could send the economy into a recession, but he said the fiscal cliff is already hurting the economy. >> uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer term budget situation will be addressed appears already to be affecting private spending and investm

i go back to a statement that boone pickens had on your show last week. it's really apropos.et the monkey do his thing. if you just wait, you'll get a better show. i think that's what's going to wind up happening with the market. right now we see a great opportunity going forward. >> rick santelli, what did you see today? this market finishing well off the lows. in fact, as we're settling out, it looks like we're finishing out just down seven points. had been 94. >> i agree with you. to me it makes perfect sense. i don't think there's any new information in what ben bernanke said. if you say things that imply a weak economy, the market will sell off every time you say it. the market did come back. i question both the guests' opinions. i think the fiscal cliff is important because a lot of it is self-inflicted, like the e is questions trags and defense cuts and jobs on that side. a lot of the issues like payroll taxes. social security lives hands to mouth. that contribution really isn't a tax anybody should cut. so i guess what i'm getting at is the reality of ben bernanke's s

boone pickens weighs in for you. >>> how will super sandy affect clorox? they make everything from bleach to garbage bags. we'll ask the company's ceo coming up. >>> see you at the top of the hour for last hour of the trading day. julia boorstin has our "market flash" for us. >> that's right, bill. groupon shares off by nearly 8% today. that brings the groupon stock down by more than 80% since its ipo price of $20. this has groupon hits its one-year anniversary of its ipo on sunday. on the heels of amazon last week saying revenue fell from 10% in q2 to q3. >>> in the weeks and months to come, victims of hurricane sandy will begin rebuilding and many people and companies will move their things into self-storage facilities while they rebuild. those reits already up 4% this week. diana olick has more. >> reporter: that's right, brian. it is not something that you would think about immediately, but these self-storage facilities like this one are huge part of rebuilding. we saw it after katrina and sandy will be no different. why? of course, because people are

boone pickens owns 22% of cheap energy. will be on with "mad money" and jim cramer tonight, 6:00. >>> green briar companies, rail car and bargemaker that stock higher. carl eye can taking another shot, up veiling a 9.99% stake, paid about $40 million for 2.7 million shares. says they are undervalued, intends to discuss possible strategic opportunities, second time around, folks. back in feb of '08, bought a big stake in the company. by the way, the stock was $10 a share higher then. dick's sporting goods, better-than-expected earnings, rose 21%. raising the full-year forecast, host hotels hired, by the way, both at stocks higher year-to-date. al ber marrow companies, raising the ratings to buy from a neutral target raise from 67 to 62. says even with a flattish sales outlook, strength its catalyst and fine chemical business should puss up. albee natural, goldman raising the rating of f 5 to neutral, target inching up from 104. that stock has been a laggard. goldman sees three catalysts to help accelerate growth in 2013 and

legendary energy investor boone pickens is back with us to weigh in on that. >>> and very wealthy candidatesactly do well in this election. we'll look at whether that's a symptom of class warfare among voters. >>> all that and more when maria and i see you at the top of the hour. john boehner getting ready to speak about the fiscal cliff and the testy negotiations that will be part of. we'll bring that to you live at 3:30 eastern time. we'll see you at the top of the hour for what's going to be a rather unpredictable last hour. >>> meantime, oil and gas prices falling off their own cliff today. maybe a fiscal cliff. sharon epperson has the final trades from the my next for us. >> that's one of the factors, brian, certainly a lot of traders very concerned about the fiscal cliff and of course what that means for the growth scenario for industrial commodities including oil and energy. we're also looking at the worries about europe that started this slide across the board in many asset classes. then you add to that some fundamental data, the fact that we saw a build across the board in crude sup

boone pickens will tell you it ain't happening. >> until they make it a true surface fuel, it ain't happening>> the president says all postal vehicles by 2016 must run on natural gas. he has an executive order out there which allows him to dictate alternative fuels. this company is committeded et ethanol and to batteries. ethanol and batteries will be the most important because we're anti-carbon. president is anti-carbon. you can talk about natural gas. this is battery driven economy. it's battery driven. that's what they want. >> when we come back, is there any relief coming for that long gas line you might have waited on this morning? we'll go to the source and ask a station owner how his inventory is holding up. >>> on the same page reading different paragraphs, we'll get a read with john engler. the name your price tool shows you a range of coverages, and you pick the price that works for you. great. whoa, whoa, jamie. watch where you point that thing. [ mocking ] "watch where you point that thing." you point yours, i point mine. okay, l-let's stay calm. [ all shouting ] put it down! be c

if you don't know to pick up the bench -- >> when i went with boone pickens in china, i had no krid. >> really? yeah, have you seen, you have to lift up that bench. >> being a child. >> obviously. i know. watch shares of yahoo! -- >> i agree with you very much. >> guy back there just scratching his head. they that had clean up after he left the bathroom apparently. >> for these people on the middle seat? jetblue watching us, they're not enjoying this. >> what are we talking about? yahoo! shares touched 19 yesterday. first time it's trade that had high in more than 2 1/2 years. i can't you hugh has been buying back its own stock and more investors are betting on marissa mayer's ability to turn around the long struggling company. >> on the economic agenda, we did have october durable goods at 8:30. at 9:00, we get the case shiller home price index. and then consumer confidence. federal housing finance agency's house price index and rich mopped f richmond fed survey. let's get a check on the markets. the futures are a little bit weaker. right now done by about 21 points. s&p by less tha

boone pickens, thomas friedman, alan mulally, jeffrey canada, david walker, zeke emanuel, all with differentstration, whoever it may be. >> exactly. the premise was a version of "morning joe," which was to put forth the ideas that americans should be thinking about on the sunday before election because they probably most know who they're going to vote for. what should that next president do? we reached out, everybody was great. there's some great insights into a lot of our issues. and what you realize when you read it is now interconnected they are. and hopefully americans will sit there and say yeah, we've got to solve the infrastructure problem. we have to solve the debt problem. we have to solve the education problem. as we solve each of these in some small way, we can probably actually help the bigger concern. >> given the times we're in right now, does anybody, obviously this was all written in the days leading up to the hurricane, does anybody in there mention climate change? >> you know, they don't specifically mention climate change. they mention energy independence which i think a l