kadian our business desk katie well two weeks ago we had exxon mobil getting together now also nafta is bringing in another international partner absolutely in this time karen it's a talia and were asked if they signed a deal with its nose and a it involves the companies working together in the or what filth of the arctic and the black sea supposable details on this i'm joined by . thomas live from the royal see if quoth his hi there shone so tell us how does this do compare with the exxon deal that we had a couple of weeks ago i. well katie they're very similar in very many ways in fact to the any deal from adelaide italy's any corporation and rosneft is it based and modeled after the exxon mobil rowson have to deal in both of the deals and he rose and exxon mobil will get about thirty three per cent or a third of the rights to the exploration and in both deals the us nafta and of the bargain is that they will be gaining access to exxon mobil and the sites away from the arctic sea now this particular deal. will be working with the us nafta to develop in the barents sea in the arctic

and exxon's c.e.o. said today, "the results reflect our ongoing focus on developing and delivering energy needed to support job creation and economic growth." analyst faisel khan said several factors, including chemicals output and higher taxes, caused the earnings shortfall, but nothing was significant. >> this is such a large diversified company that there's a lot of things that can affect earnings in any given quarter. what we've found in covering the stock over the last four years or so is that, over time, those earnings tend to smooth out and issues tend to right themselves over time. >> reporter: as for exxon's stock, it slipped today on the earnings news, and in the last year, despite volatility, it's returned little for shareholders. still, khan rates the shares a "buy." >> target price of $100. it's based on the company's ability to be the lowest cost producer in every single asset class that they own. >> reporter: yesterday, exxon gave shareholders a nice gift, upping the company's dividend by

was also responsible for cleaning up after the exxon build these disaster even those exxon spilled and they just totally blew that beyond the ecological devastation there are a lot of people around the gulf who are financially ruined this is the large consequences and b.p. is in the meantime is making big profits there continue to make profits. what hope is that any of these folks are going to get financial settlements from b.p. i understand that there was a settlement in the last couple of days was it announced or fairly recently there's been some word of what a settlement might look like but look b.p. turned up twenty five billion dollars profit last year a billion with a b. you know i think any settlement has to take into account how much they're cashing in on some really reckless grilling practices that they've used up there you know i think you look at glasgow to prince william sound exxon valdez wasn't until twenty years later that those victims finally got their settlement exxon drag out that litigation and something like a fifth of the. victims of that spill didn't live to see

exxon mobil, you know about that. look at this. we haven't had this in a while.re big high profile companies that have missed. u.p.s. and higher oil today is effecting the transport. and here's a real warning. you know about dow theory. look at the dow industrials up and the dow transports down. that's a very, very large divergence you're seeing and very unusual. i think that's a warning sign from the market. another warning sign from the market is the fact that bond yields, sue, are moving to the downside. prices are moving to the upside. highest levels in a couple months. why you might see the stock market's up, happy the dow's up 80, there's a little bit of divergence on a warning sign. on a normal day i think we would be down today. >> i think you're right. thanks, bob, we're going to talk about that with our next guest. let's check in with the nasdaq for its best weekly gain in some six weeks. seema mody is tracking the big movers. >> hi, sue. after yesterday's staggering move in tech, today some of our tech heavyweights are taking a breather. profit taking

this hour russia's biggest oil firm the state owned ross nafta and us tonight exxon mobil are joining forces they have signed a landmark partnership deal to develop the arctics protection the rich untapped reserves well the joint venture was signed in prime minister pledging their interests official residence it also gives us no access to it from projects from north america and you know how on development hard to recover the serbs deal is worth around a billion dollars it's now trying to partner up with b.p. last year but it fell through as the british oil major became entangled in a legal battle with its existing russian partners b.p. more on that major geo business bulletin coming up for you in just a few minutes well people on the hard left and right of politics rarely find anything to agree on but in france that's exactly how candidates are wooing presidential votes those tests are simply a reports from paris that's causing support for the week away from the front runner favorites in the final days before polling. i don't need. this and they lie in opposite ends of the political s

it is very important to point out that getting to this oil is incredibly difficult in fact in the exxon mobil deal is not expected to see any oil from that venture for about eight years and make sure that everything a went well well prime minister vladimir putin was on hand to make sure that everything went smoothly. ok let's check out those prizes as you can see at this hour they are indeed makes if we look at really terms though the companies gas no companies have provided a great boost to companies we've got america and they're going to be posting their corporate results from these companies later on this week and alice aren't is the paid to the big numbers moving on we'll take a look at how the russian market now i mean we have a look at the u.s. markets because they are indeed i cannot look at the nasdaq there is broken that three thousand mark and that's because for a tech heavy that's where those companies a list an asshole produce their results today it is a rally and i have a ninety per cent and that's despite investors anticipate saying the company to post disappointing result

it is very important to point out that getting to this oil is incredibly difficult in fact in the exxon mobil deal is not expected to see any oil from that venture for about eight years and make sure that everything a went well well prime minister vladimir putin was on hand to make sure that everything went smoothly. so let's see those prices now we're going to mix the viewpoint on your screens it just now and those prices are actually had a one week high and that's half of the federal policymakers that they expected growth rate celebrate gradually and count off additional as steps to boost the economy if we look at the bus markets and see how they closed up today and those oil prices were filtering through here at the r.t.s. hop ups and up on the my space and. see how the u.s. stocks are doing in the second part of the day over in the u.s. or the dow jones places that the nasdaq over two percent up and that's because of stocks like a whole rallying at nine and that's the markets kevin i'll bet some are right all right thanks for your up to date though i'll bring you the headlines of co

it is very important to point out that getting to this oil is incredibly difficult in fact in the exxon mobile deal was not expected to see any oil from that venture for about eight years and make sure that everything a went well well prime minister vladimir putin was on hand to make sure that everything went smoothly. the prices for this now on your screen right now go to light sweet over one hundred three dollars but bar the brand edging towards one hundred eighteen if we move on to the russian markets we see called a close up today and it was respectable gains for both b.l.t.'s out on the mice thanks we have home of the said yes but my sense is check out those stocks and see who was moving and shaking all right yes we've just been talking just now there are looks quarter of a percent down today so had a disappointing day posted two thousand and eleven other bess's was encouraged by the tool they were disappointing as we look at the t.v. they were gaining over two and a half percent we've got the year i dollar up the debris found this out the brutal managed again against the u.s. doll

we don't think exxon should trade above 2.5% yield. a aaa rated company that had a better cds during the financial crisis than the u.s. government did. we think more of a trade versus t-bills, better place to put yor money for long-term appreciation on a low-yield environment, essentially, how we look at exxon. >> you believe the stock can have appreciation because you're taking a look at stock's performance over the past year. it's down, what, 50% or so? so you're being paid to wait or you're being paid to have your money in the shares, but for what? what what prospects do you see for exxon in terms of the turnaround in the stock price? >> the overall challenge is the oil cycle is getting quicker. we're bouncing off demand, you have to be nor fleet foot, if you want to trade names aggressively. we've been underweight the xle since 28th of february and underweight stance we prefer an exxon or chevron or a cash return play. the next move obviously would be to think about going overweight when we believe in oil prices and sustainability

let's go to brian shactman with news on exxon. >> sue, it's fascinating.t split, we have buybacks all the time. what else can you do? you can increase your dividend. we had a nice pop in exxon mobil. they're increasing dividend by 21% from 47 cents to 57 cents. look at the dividend yield. at 2.2% before the hike. it will be a healthier one after that gets invoked. >> thank you, brian, very much. we'll watch exxon mobil as it goes through the trading day and see whether or not the street rewards it for that. let's find out how bond traders are positioning themselves ahead of the fed's economic forecast. minutes from now. and then of course we have mr. bernanke's news conference. rick santelli's tracking all the action at the cme. ricky. >> well, i'll tell you, the fed announcement and statement put a lot of volatility in the markets. but it really didn't alter the landscape of the established range. that was really more the 5-year note auction. look at the intraday charts as you move down the curve. the 5s dramatically effected at 11:30 eastern with the rea

exxon stepped in and got the deal done. stocks down after a choppy session. after the market rally yesterday, will investors make their way out of the side lines. >> back with us is joe and david smith. guys, good to see you. are you uncomfortable at all about the reaction that we've seen for two days in a row, numbers that either beat in line with expectations or investors sell that right into it, disappointed that they didn't even get more. is that going to be a bad sign for earnings season? >> i don't think so. you have the situation where a sell off on at least a cover. but there's a lot of expectations built into some of

of oil and gas as existing from reduction base going to decline over the next decade similarly for exxon mobil this is the only place on the planet where a company like exxon mobil can also get access to significant new reserves we know that the cost of developing a new york chicken is going to be very significant be exploration phase alone would be several billion dollars and the total cost of eventually bring in oil and gas to the surface is likely to be treated maybe even four hundred billion dollars. i'm all for you back same place same time next hour thanks dana. stay tuned to r.t. you know a few minutes our exclusive interview with julian assange we sit down and ask him questions coming up after an update of our top stories and this short break. the closer team has been to the sverdlovsk region. where blacksmithing has developed from a craft into an industry. now archie goes far north. where returns to good roads and rail are a battle against the elements where helicopter is the only transporter medics to reach those in need. and where reindeer and fish are treasures for the. local

it's not brad pitt angelina jolie anything it's all ross and they've signed a deal with america's exxon mobile to jointly develop and you rich phillips in the car see the cast now the deal is in return for access to the russian mogul will open the u.s. domestic oil and gas bills to russian investment and this is for the first time at this is pretty exciting and chris weaver from troika dog explains the potential of the part. the arctic has its significant potential of two for for a major source of oil and gas in the future russia needs to open up this area in order to acquire secure new sources of oil and gas as existing for going to deploying over the next decade similarly for exxon mobil this is the only place on the planet where a company like exxon mobil can also get access to significant reserves we know that the cost of developing your article is going to be very significant the exploration phase along with the several billion dollars and they told me cost of eventually bring in oil and gas to the surface is likely to be three or four hundred billion dollars. now some of the proje

covering the latest oil partnership tell us more yeah that's right it's signed a deal with america's exxon mobile to jointly develop energy rich fills in the chorus c. on the caspian in return this means that russian reserves bill will open the u.s. domestic oil and gas fields to the russian investment and this is for the first time so that both kind of that benefit from this and chris weaver from troika dialog explains the potential of the partnership. the arctic has its significant potential for for a major source of oil and gas in the future russia needs to open up this area in order to acquire secure new sources of oil and gas as existing production base go into between over the next decade similarly for exxon mobil this is the only place on the planet where a company like exxon mobil can also get access to significant reserves we know cost of developing in new york and is going to be very significant the exploration phase alone would be several billion dollars and the total cost of eventually bring in oil and gas to the surface is likely to be three or four hundred billion dollars. no

oil and gas as existing for a production base going to decline over the next decade similarly for exxon mobil this is the only place on the planet where a company like exxon mobil can also get access to significant new reserves we know to big cost of developing the article is going to be very significant and the exploration phase alone will be several billion dollars and the total cost of eventually bring in oil and gas to the surface is likely to be three maybe even four hundred billion dollars and europe today will have more than fifty minutes here on business so to hear things that don't go in a few minutes just let our viewers know our exclusive interview with the man who exposed the dirty secrets which governments try to keep quiet during the sarge talks about his show's premiere here on this channel r.t. that's on the way out for i've brought you a wrap of our top stories just a couple moments time i'm kevin thanks for being with us. the close up team has been to the sverdlovsk region. where blacksmithing have developed from a craft into an industry. no archie goes far north. wher

business time with katie and just two weeks after getting together with exxon mobil it seems like ross enough is bringing in another international partner yeah that's right carol russia's biggest is putting more muscle power behind their plans to develop offshore deposits now roth has signed an agreement with its neighbors and the two companies will work together in the oil rich fields of the arctic and the black sea now for more i'm joined by. thomas live from the royal sea as headquarters to you now the head of the polish guy and he says he's in talks with the both of gas probable that his own wife does that mean. more competition now. well i can't speak to their personal relationships but i can say that the governments at least in the energy sector will be a little bit more busy with this deal let me tell you about it in fact anya's have signed this deal today and what it means is that the two companies will be working together in tandem to explore up in the arctic specifically in the barents and the black sea now any has a thirty three percent interest in this joint venture and wha

of the arctic sea it also gives ross net access to exxon's projects in north america and its know about developing art recovery reserves. next the wiki leaks founder julian assange talks to us ahead of his new shows debut here on choose day tomorrow he explains why he chose r.t. who was guess as said to be. why did you decide to do your own show and become a t.v. host. has two reasons. first of all being under house arrest for sort of long it's nice to have an occasional visit them and they want to learn more about the world and given the conversations we were having a quite interesting one i don't want to throw out of people what's going on that's one reason the second reason is that as someone who's given to what happened to me before and it's been receiving it on a very aggressive new styles i found that i wasn't even much of writing in these interviews and all that pretty quickly were just kind of keeps you sort of said the prince of france for instance so people could take them said out of context and i wanted to have a different sort of approach from other people and why that appr

and it's pole position for russian all joins us now after the teams up with america's exxon mobile to tap the trenches in the arctic ocean. just the tip of the iceberg. this groundbreaking of the deposits the details of business in switzerland. hello there just out of ten pm here in moscow now on this monday evening my name's kevin owen this is our team and we appreciate you joining us tonight our top story the news the first u.n. observers touched down in syria the government to allow them under strict access to monitor the fragile ceasefire damascus says it can't guarantee to monitor safety and as every steps coordinated with the authorities for their part the opposition claims they are still under attack and the government has to crack down on what it calls terrorists and some of voices in damascus with the latest for you. waiting to be reborn mysterious orthodox christians in meaning of it all the more poignant this year as they contemplated the sacrifices of the last few months. the death and suffering across the country many sought refuge in prayer hoping that peace could be res

of exxon hopes to pump the first barrels of oil from the car a c. by the end of the decade and that would be quick. well let's take a look at the currencies now there we go as you can see it's changed this hour the euro is now again and against the dollar when it comes to the ruble it's still losing against both major currencies it would take a look at the european markets you'll see that they have recovered the earlier losses of all the footsie has and it's now gaining just the knowledge of all of the investors i have mainly been the concerned over spain's downgrade as i mentioned earlier start on the corps and now has the credit rating open for a full week plus that it says that spain risks further downgrades in the future and that actually estimates the spanish economy will shrink by one and a half percent this year and the country may have to take on more debt to support its a banking sector here and russia and similar but more of the big picture and investors don't seem to be reacting in march to the news over spain about the arts as in the my

oil giant ross nerved has brought into wealthy partners to help the agreements with foreign firms exxon mobil and any cover a range of projects in a number of countries will now have interests in the u.s. europe and africa serving its plans for international expansion but the real jewel in the crown is russia's far north initially expenses there will be limited to exploration three point two billion dollars with the american company exxon and one billion with the italian company any but if resources are found which seems certain the figures will rapidly grow total investment on the x. on projects in the arctic is projected to reach three hundred or even five hundred billion dollars while on the any side of things around seventy billion dollars the cost reflects the hostile working environment it's thought the bulk of the energy is on russia's continental shelf in water five hundred meters deep which is often covered in pack ice and scattered with massive icebergs up to four million tons this is where the foreign firms will help with expertise in offshore drilling even then the condition

of exxon hopes to pump the first barrels of oil from the car a c. by the end of the decade and that would be quick. all right let's take a look at some currencies now when it comes to the euro it's losing value against the dollar still when it comes to the ruble it's losing both against the greenback and the euro well mentioned you also might take a look at what's happening in europe where it's still a choppy trading session investors are struggling to shake off the news about spain's credit rating which has been downgraded by as and p. the standard and poor's rating agency of course it's now a triple the last and the agency also warned of further risks of all the downgrades in the future and it said that they estimate that the spanish economy will shrink by one and a half percent this year and that the country may have to take on more of that to support its banking sector over here in russia it's pretty much a similar picture it's mixed currently ball it's going back on both of them both the arts yes and then my six i again in with my six actually

of exxon hopes to pump the first barrels of oil from the car a c. by the end of the decade and that would be quick. arliss like a look at the currencies right now as you can see the euro is still losing and against the u.s. dollar and when it comes to the ruble it's also a loser this hour against both the greenback and the euro now if i move moment take a look at the european markets as we can see at this hour or europe has made a little bit all of a comeback with the foot sea heading higher of course investors today are in particular concerned over spain because standard and poor's has a lowered its credit rating to triple b. plus for spain and also it said that there is a risk of further downgrades in the future of the facts and estimates that the spanish economy will shrink by one and a half percent this year and that this will need to become truly needed to get additional that to stabilize its economy so those are the figures that if we take a look at russia and similar picture there some of the markets have recovered we have the my six which is

of the arctic sea it also gives ross their taxes to exxon's projects in north america and it's know how the other parts are coming. up next special report for you on how suspicious vote counting propelled george w. bush into the white house in fact in the states that have electronic voting the numbers didn't match at all with your support. but in states where they had paper where you know the polls and the results are almost perfect and i have no doubt john kerry won the election in ohio ok now john kerry won the election on john kerry would we president certain to say that those exit polls were so far off. just didn't happen something else happened so yeah folks. were harassing maybe are getting d.o.t. to harass me but the point is fired it in the morning i'm tired at like two thirty that afternoon and said it is investigating this company and sort of putting a putting the brakes on what's going on there actually reading letters of recommendation for that company wrecked yang correct and saying that you're removed correct finis fingerprints are over this now yes literal fingerprint

oil and gas as existing for a production base go into that line over the next decade similarly for exxon mobil this is the only place on the planet where a company like exxon mobil can also get access to significant new reserves we know to the cost of developing to the article is going to be very significant the exploration phase alone will be several billion dollars and the total cost of eventually bring in oil and gas to the surface is likely to be three maybe even four hundred billion dollars and you're up to date most stories on our website all to dot com slash with us yes thanks for going to more from you later now in a couple of minutes as we've been mentioning and if you haven't seen it already today the deadly edition of wiki leaks founder julian assange has a new show for you rather they did their top stories in just what but three minutes time here on r.t. from moscow. if. he is eaves. fifty feet. the team. of. six. from the close up team has been to the spirit little slingshot. where blacksmithing has developed from a craft into an industry. if. now our team goes far north. wh

if exxon were to fail on their obligations, then j. p. morgan would have to step in and make good on those obligations on their behalf. it was a large amount of exposure, and there was a significant amount of risk asciated with that. >> narrator: and that risk is a big drain on a bank. >> every time a bank makes a loan, under banking regulations, they're required to set aside certain reserves of capital for the loan. so j.p. morgan, when they made the loan to exxon, would have had to set aside some capital. >> j.p. morgan has to hold certain capital relative to the size of that loan in the event the loan is not paid off at 100% as you expect. well, of course if you don't have to do that and you're a bank, you'd prefer not to do that. >> smith: because then you can finance more freely, you can take on more debt? >> right. >> narrator: so masters started looking at who could take on their loan risk and free up j.p. morgan's capital. she found a taker in london-- the european bank for reconstruction and development. the ebrd. >> ebrd would r

at exxon, we are and -- acting, committed to this place in more than 1500 -- million metric tons of gas emissions annually through green operations, helping committees reduce emissions, and offering more low-carbon electricity in the marketplace. excellent, we are taking action, and we are seeing results. >> "white house chronicle" is produced in collaboration with whut, howard university television. now, llewellyn king and linda gasparello.>> hello, again. thank you for coming along. i promised you great people. we'll start with the co-host of the program, linda gasparello, and then moving to arnaud de borchgrave, one of the great columnists and one of the great journalists we have. is it honored to have you on the broadcast. a new guest. he and i have done a little bit of radio work together, ed o'keefe, of "the washington post" who is in the thick of the news because he has been writing about certain parts of the civil service for young ladies. christopher chambers from georgetown university. linda gasparello, the vice president, we are suddenly hearing from him and taking notice. he

and they'll always say, "well, exxon mobil or chevron or b.p." but i'll say, "no, morgan stanley." [ticking] >> this is shaybah, a desert wilderness where temperatures can reach 135 degrees. beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. and it's costing billions and billions to tap into it. with all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. let me be blunt: is it your hope to prevent a switch away from oil? somebody said the country is the oil business. i mean, you absolutely need to do this for your own survival. >> and what's wrong with that? [ticking] >> when the u.s. oil companies came here in the '40s and '50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. they created a replica of american suburbia. today you could be in the outskirts of houston or los angeles. it's almost like it's an enclave within saudi arabia. it's--different from the rest of the count

they put the bans on drilling and exploration and man dates on algae and make it harder for exxon to get permits and a crucfication as he put it. it is toward american companies and it is a shame. >> john, we got earning from exxon and they talked about drilling. maybe the reason? >> it is part of it. main reason gas prices are high china went from 4 to nine. and we are tuck at 86 million barrels total capacity in the world now. as far as the u.s. it hurse significantly. oil production is down and the government said it up. but the energy information by the u.s. government said it is down. one of the reasons because of 200,000 jobs waiting on fraking legislation in ohio. make a ruling that is fair so we can create jobs in this country. >> julian, congress is going to get involved. you have congressman darrell islip and want to investigate the statement from the epa official and find out what is going on here. what are they going to find? >> look at the basic facts. it was a low level epa official and talking about going after polluters and people who break the law. third, gas product

mobil and exxon mobil in particular over the last few years has invested over $16 billion in qatar in the gas sector alone has fueled a lot of the wealth for the country, but the leadership in the country understand that the wealth in gas needs to be diversified from upstream to downstream products. there's been a tremendous emphasis on the development of petrochemicals and other kinds of related industries in the carbon sector. in fact, while qatar has been producing 9.5 million per year in the petrol chemical sector. it hopes to reach 23 million tons by 2020. that's its goal. so, again, while not totally moving away from the hydrocarbon sector, but making sure that they are producing downstream products that increases the value chain for production and also diversifies uses within their country and markets outside of qatar. now linked to that is a way of looking at the country away from the carbon sector ask how to make themselves a center through education and for the education where i'm proud to say education city hosts six major united states universities there with branch campus

we'll get data on unemployment filings and pending home sales and as you mentioned, earnings from exxon mobil, pepsico, the nasdaq up 68 to 3,029. meantime, costco is america's second largest retailer and seventh largest worldwide selling everything from food to clothes to consumer electronics. here's some incredible stats. last year, costco sold 55 million roasted chickens, 65 million hot dog and soda combos and 2.6 billion gallons of gas and filled 35 million prescriptions. want to learn more about this retailer? tune in tonight for a special hosted by carl quintanilla called the costco craze and airs at 9:00 p.m. eastern and pacific. >> kind of like target, you don't go in for one thing, you come out with a couple carts. >> you end up spending the whole day there. >> you could have lunch there practically. >> yeah, they have pizza, some pretzels. and today you might want to buy an umbrella if you head in -- >> at this point, you don't need it. new wiper blades maybe. we're going to have some coming in for the next few hours. you can see through the shot, your highways nice and slick

and exxon mobil is a federal contractor.ollars per year from the taxpayers to provide our government services so they ought to fallow american values and ban discrimination, but we'll push for the executive order and also join this effort with the comptroller of the state of new york with a wonderful down in dallas texas called the dallas resource center who has been pushing really hard onyx son, and i i will there will be protests in balance and outside of the convention center and people will really push and tell exxon mobil you can't profit from american taxpayer money if you are going to discriminate based on a sexual preference. >> the founder and president of freedom to work tico almedah thanks so much for your time tonight. >> thank you. >> turns out our tarp profits weren't just a myth. they were a lie. my view coming up. while you're out catching a movie. [ growls ] lucky for me your friends showed up with this awesome bone. hey! you guys are great. and if you got your home insurance where you got your cut rate car

and exxon mobil is a federal contractor.om the taxpayers to provide our government services so they ought to fallow american values and ban discrimination, but we'll push for the executive order and also join this effort with the comptroller of the state of new york with a wonderful down in dallas texas called the dallas resource center who has been pushing really hard onyx son, and i i will there will be protests in balance and outside of the convention center and people will really push and tell exxon mobil you can't profit from american taxpayer money if you are going to discriminate based on a sexual preference. >> the founder and president of freedom to work tico almedah thanks so much for your time tonight. >> thank i look at her, and i just want to give her everything. yeah you -- you know, everything can cost upwards of...[ whistles ] i did not want to think about that. relax, relax, relax. look at me, look at me. three words, dad -- e-trade financial consultants. so i can just go talk to 'em? just walk right in and

still exxon will tell still exxon will tell us the state of the state. state of the state. if if it says natural gas has no real future beyond real future beyond utilities, look for that look for that fuel to take another another leg after the close we after the amazon. amazon. all i can say is ou all i can say is ouch. i think jeff bezos i think jeff bezos is spinning like a drunken sailo like a drunken sailor. i fear a shortfall i fear a shortfall. this is probably on this is probably one of the most asked-about stocks asked-about stocks, so has it come down enough to come down enough to buy? too many people want too many people want to know this. this. that makes me nervou that makes me nervous. i'm also nervous t i'm also nervous that ugg has peaked. peaked. so has so has the stock. it's become it's become a total show-me story. story. speaking speaking of show me, omg pop. how about this zyn how about this zynga. no earnings, but i no earnings, but i know why? is anyone clicking o is anyone clicking on the ads? scramble with friend scramble with friends, i've done ever

oil and gas as existing for a production base go into that one over the next decade similarly for exxon mobil this is the only place on the planet where a company like exxon mobil can also get access to significant new reserves we know that the cost of developing a new york chicken is going to be very significant be exploration phrase alone would be several billion dollars and you told your cost of eventually bring in oil and gas to the surface is likely to be maybe even four hundred billion dollars. i can let's jump right into the markets and see the figures for the european markets and how i put. that. and that could mean that kins. others a lot of news reports coming out of the u.s. we've got u.s. housing starts and it just to adoption so investors are really awaiting those rules that another option in which will be very much because the one year old are at record highs of right now but first thing around four tenths of the cent as well as the healthy getting fit look at the rough some markets and see how they're faring if our. trade indeed but as you can see we've got some lines now

there's a reason apple with one fifth revenue of exxon has a greater market value than exxon. >> the effect of tax rate on the oil and gas industry is about 41%, about 26%. >> brian, i'll get to you later on. with your -- >> i think bud hit on this and that is that the one thing that i as an investor, are they really getting those kinds of tax breaks that the politicians keep telling us oil companies do. they get paid taxes in lower tax jurs dictions. by the way, paul ryan will help fix that with a territorial tax system, but the second thing is being allowed to depreciate 100% of the investment on a new well immediately. . i personal believe every company should be allowed to do this. we should have instant depreciation or no depreciation. energy company t do get that. the timing of when you get to take that. i just get to take it on the first day rather than spreading it out over the three, five, ten years that a norm alex would have to be appreciated. this is a normal misnomer. >> i think the president is being disingin. >> this conference is about 4% growth. that's what we're try

sources of oil and gas as existing production base go into decline over the next decade similarly for exxon mobil this is the only place on the planet where a company like exxon mobil can also get access to significant new reserves the cost of developing the article is going to be very significant the exploration phase alone will be several billion dollars and the total cost of eventually bring in oil and gas to the surface is likely to be even four hundred billion dollars some of those projects involve so-called unconventional energy resources such as shale gas christine to screwing up from ratings agency standard and poor's does it make sense for russia to be involved and spoil its huge conventional reserves. it is estimated that in terms of conventional recoverable reserves russia has around a hundred trillion cubic meters in terms of gas but if you look at unconventional potential excluding three if you say estimated thirty it can have anything between one hundred fifty to five hundred million cubic meters so that's a huge potential they've seen. the united states so they're trying to c

give me the trade on exxon.st saying technically the stock looks broken and under performed the broader market as well. >> i like that here. if you are talking about an economy. exxon does well and they become less oily and more gassy. >> they increased a bit and will probably buy back another $5 billion in stock. ubs had a note about that this morning. the problem is it takes a lot to knock people's socks off. they missed and the stock has been stuck around $86 and stuck for a long time. this is part of the problem. when the oil is perceived to have a premium and not a real demand attached, people don't believe it's real. they have not done well in this time of an environment. i think they do better when oil gees to a sustainable level. that's not far from here, but i don't think i need to own the stock. >> where are you on exxon mobile? >> it's more like a bond than a stock and several companies are in this group. it does take a lot. the guidance and the earnings before jumping in. the energy group is terrible