company that is even bigger than exxonmobil and exxonmobil. larger than anything before seen in the history of capitalism are doing a joint venture together. they're due to start drilling any moment now. their first joint well in the arctic is tick, tick, tick, due to start this year, sometime soon. this joint venture will have them building a natural gas export terminal in rush she's far east. drilling a new deep water well in the far east. fracking fields in siberia and drilling oil in an area of the arctic that is larger than size of texas. that deal between, basically between the mother of all oil companies and the mother of the mother of all oil companies, that deal was signed at vladimir putin's house. literally at his vacation home in sochi. that's where they signed the deal in 2011. last year, the ceo of exxon, rex tillerson, he went to st. petersburg in russia so vladimir putin could bestow upon him this medal. russia has been giving out this medal since 1994. more often they give it to foreigners who russia sees as having made the wo

always present. >> it wasn't all bad news from exxonmobil. the company says that it will see a record ten new projects come on-line this year, and that it expects annual growth of 2% to 3% beginning in 2015. wun look at how the stock is trading today. down nearly 3%. it's easy to see that today's message didn't sit well with investors. for nightly business report, i'm morgan brennan. >>> moving to the economy in china. as the national people's congress met today, laying up growth targets and spending plans for the world's second largest economy. we have more now from beijing. >> as we open up this year's chinese congress, investors set up better sense of the new leadership's economic priorities for 2014 and china's version of the state of the union address the premier reaffirmed the country's annual target. economic growth is forecast at 7.5%. consumer inflation at 3.5%. now, the figures have just set policymakers what really takes to slower growth than previous years. the target in the past years have been seen as a floor, but with the econo

she shared exxonmobil life for me. they were looking to hire someone who speaks russian, which i was a perfect candidate. the plan was that i could start a,and learn the environment a little bit, and after that i could go and work offshore. they were looking for women chemical engineers to hire, and >> how did that go? did they offer a position? >> the interview went excellent. so they're still in the process of looking, so they have to get back to me. >> you also interviewed with dow chemical. they did offer you something. >> yes, when you mine so much oil you have to do something with it. dow chemical comes and makes products out of it. they need chemical engineers to do engineering--plant supervising. that's the type of job that they offered to me for delaware. but my husband works in new york. >> it's a train ride but a long one. you made these decisions, did you want to be a chemical engineer, or did you say there is a future here, it's lucrative and it's safe. >> both my parents are engineers. when i went to scho

you do buy comes from exxonmobil. the relationship between america's second biggest company and the kremlin's own oil company is to say the least cosy. so are american oil titans attempting to influence american action or inaction in russia? that's something that my team has been looking into. we'll talk more about this tomorrow. i'll ali velshi. thanks for joining us. >> and you're in "the stream." what do you do when the dollar isn't enough? you create your own. how local communities are taking mounters into their own hands. lisa fletcher is out on vacation, and we have latoya, our senior producer joining us, rocking that red jacket. and speaking of money, there are other words for it. cheddar, bread.

you do buy comes from exxonmobil. the relationship between america's second biggest company and the kremlin's own oil company is to say the least cosy. so are american oil titans attempting to influence american action or inaction in russia? that's something that my team has been looking into. we'll talk more about this tomorrow. i'll ali velshi. thanks for joining us. >> unfortunately we didn't find any signs of life and didn't locate anyone alive. that's the disappointing part. >> the death toll climbs as the search effort becomes more bleak. friends and families affected by one of the deadliest mudslides come together for support. >> there may be clues in the search for malaysia airlines flight mh370. 100 new images from a french satellite. >> oh, god. oh, my d.

when asked whether the crisis in ukraine would impact its joint project in the black sea, exxonmobil representatives told al jazeera, quote, the situation is not going to affect our operations. a public stance that may not support the white house but which might make washington's job easier for now. >> i think they prefer the companies stay out of this conversation. it's complicated enough. >> reporter: but if that were to change the partnership between exxonmobil could be in the crosshairs, that's not to say that exxonmobil would necessarily move out. >> let's say that this crisis gets worse, that means there is more pressure on energy markets which means higher prices and more revenue for exxon. >> in egypt four people were killed when hundreds of people protested against the former military chief to run for president. a 23-year-old journalist was killed reportedly as a live round of security forces broke up protests. in myanmar many international aid workers are being forced to flee the western state after buddhist mobs attacked their offices and homes. a young girl was killed whe

exxonmobil says research shows the ecosystem in prince william sound is healthy and thriving.steiner. >> it's different. you forecast it will never be the way it was before the oil spill, ever. >> the u.s. coast guard is trying to make sure it never happens again. >> what we have now is far better than what we had in '89. >> but coast guard commander benjamin hawkins sure feels the pressure. radar now follows tankers all the way to bligh reef. tankers have double hulling, and two tug boats now escort them all the way out to sea. but hawkins does not trust technology to do it all. commander, what keeps you up at flight? >> the complacency scares me. as time goes by and nothing happens, it's easy nor somebody to say it will never happen. >> aleyska, the pipeline company, now has strict requirements for handling a major spill. it has ten times more oil containment boom than in 1989. eight times as many oil skimmers. and accident response teams standing by 24-7. mike day oversees the operation. >> it's an order of magnitude different than what existed in years past. it's night and

exxonmobil is facing $2.6 million fine for the spill and spent $70 million to clean it up. the company purchased many of the homes on the block. three houses were so badly damaged, exxon knocked them down. most sat empty. even after an accident like the one in mayflower, defeating keystone could be a long shot for steyer. if you look at the polls, 2/3 of americans do support the keystone pipeline, and that number hasn't budged in the last two years. >> it really hasn't. >> seems like you're in a minority there. >> i think that this is a topic in which people, a, don't really understand what it is and b, it's always presented either we do this or we do nothing. that's absolutely not true. we are not going to run the society without energy. it's just a question of how we think about it. >> but keystone is just part of the problem. steyer says the bigger climate issue is how tar sand oil is recovered from the canadian countryside. 20% is mixed in sandy soil lying just below the surface and is strip mined and spun in centrifuges to separate the oil from the dirt. the remaining

exxonmobil is facing $2.6 million fine for the spill and spent $70 million to clean it up. the company purchased many of the homes on the block. three houses were so badly damaged exxon knocked them down. most sat empty, even after an accident like the one in mayflower, the feed in keystone could be a long shot for steyer. you look at the polls, 2/3 of americans support the keystone pipeline and that number hasn't budged the last two years. >> it really hasn't. >> seems like you're in a minority there. >> i think that this is a topic in which people, a, don't really understand what it is and b, it's always presented either we do this or we do nothing. that's absolutely not true. we're not going to run the society without energy. it's just a question of how we think about it. >> but keystone is just part of the problem. steyer says the bigger climate issue is how tar sand oil is recovered from the canadian countryside. 20% is mixed in sandy soil lying just below the surface and is strip mined and spun in centrifuges to separate the oil from the dirt. the remaining 80% is tra

exxonmobil is drag.p report coming out on jobs, private sector jobs and initially markets looked like they would open to the upside. we're down 32 points. there is seems to be resistance level at s&p. we're at 1874. s&p hitting a new intraday high. backing off from 1876 that resistance levels are trading off and new intraday high for the s&p. >>> from stocks to pot, overall marijuana sales in states where cannabis is legal are expected to hit $6 billion by 2018. with that in mind, coanchor, adam shapiro is talking to the largest marijuana retailer in the country. adam? >> you will hear a lot about diego group, especially the phrase, premium cannabis, which is different than medicine man in denver which is large dispensary. we have the ceo of this group and big deal coming up. start selling in seattle soon and eventually worldwide and eventually ipo in new york. what is the difference between premium cannabis and say what you can get at a dispensary? >> to the connoisseurs is of the product that our produ

it isn't about exxonmobil and chevron and total owning the oil.t the oil flowing freely at a reasonable price. this is what we say when we mean protecting oil. we mean protecting the access, protecting the price, protecting the stability and so forth. not owning it. >> it wasn't a war for oil, but it was in a meaningful way a war about oil. and about the role that oil plays in our world and in our world economy. >> the idea was to go into iraq, to remove saddam hussein and his government. once that job was done, then it's about oil. period. ♪ what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. >>> get back. get back. >> winter 2002/2003. as the white house drumbeat for war in

now, is it spob -- let's take exxonmobil, which is your company, a great company. putin won't retaliate. maybe he'll need exxon more than they need him and they created a great relationship and and as far as crimea goes, it's 60% russian and used to be under russia but i hope it will not be taken over. i'd rather see it operate like an autonomous part of ukraine. we're not going to sell that. i do want to ask you something else. and donald kendell, i knew mr. kendell. he made peace with various dictators, including stall lynn and certainly khrushchev on down. during the cold war they let him operate the pepsi-co companies and they may let them continue. it may not come to a retaliation. >> i hope not. but i also think what president obama ought to do is put a series of pressure on putin. i think that the imf stepped up with some money. this guy, yanukovych, i've heard he's stolen up to $70 billion. no wonder ukraine is broke and they have no money. with he need to help them out there. the other thing that the president ought to do and i don't know why he didn't do

it isn't about exxonmobil and chevron and total owning the oil.t the oil flowing freely at a reasonable price. this is what we say when we mean protecting oil. we mean protecting the access, protecting the price, protecting the stability and so forth. not owning it. >> it wasn't a war for oil, but it was in a meaningful way a war about oil. and about the role that oil plays in our world and in our world economy. >> the idea was to go into iraq, to remove saddam hussein and his government. once that job was done, then it's about oil. period. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. [ male announcer ] nothing says, "you're my #1 copilot," like a milk-bone biscuit. ♪ say it with milk-bone. anybody have occasional constipation, diarrhea, gas, bloating? one phillips' colon health probiotic cap each day helps defend against t

it isn't about exxonmobil and chevron and total owning the oil.flowing freely at a reasonable price. this is what we say when we mean protecting oil. we mean protecting the access, protecting the price, protecting the stability and so forth. not owning it. >> it wasn't a war for oil, but it was in a meaningful way a war about oil. and about the role that oil plays in our world and in our world economy. >> the idea was to go into iraq, to remove saddam hussein and his government. once that job was done, then it's about oil. period. there's this kid. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. no two people have the same financial goals. pnc investments works with you to understand yours and h

exxonmobil saying today that it's going to delay a project in ukraine because of the problems in thatuntry. and the eu is offering ukraine up to $15 billion in aid over the next two years. so the big question for this hour is where might that money go following the money trail? steve liesman, of course, was the bureau chief for the "wall street journal" in moscow and michelle caruso-cabrera, our chief international correspondent, just back from the ukraine. where might this money go? who wants to take first whack? >> a lot of that money is probably going to end up actually in russia. >> because? >> because whether they are paying the natural gas bill for ukraine, that's money that goes directly to russia. the eu said yep, we will pay the gas bill. plus more than half of all exports from ukraine go to russia. all this money is -- a lot of it is about improving business in ukraine and ukraine does a huge amount of business with russia. >> ukraine has about a $20 billion deficit in energy. most of that comes from russia. one of the main aims -- >> does ukraine have its own domestic sourc

exxonmobil has a big deal with a russian company. >> yes, exxon signed an agreement with the state-run oil company to drill in the arctic, and they're getting ready to start that drilling. we don't know how much oil is up there, but it has the potential to be extremely lucrative, we're talking hundreds of billions of dollars, and any sanctions that don't allow them to work together, it could deny them a lucrative source of energy for the years to come. >> these are companies that people hold in their 401ks or investment in, and the relationship there is very intricate. let's talk about a car company. let's start with general motors and then we'll talk about ford. >> gm sold more than 250,000 cars there last year which is a surprising amount. they have seen really good growth in recent years and they're looking forward to stronger growth in the upcoming years. the potential for that market as well, and any potential sanctions that come out of it would really hurt them and we dues that potential growth. >> ford has a smaller footprint but still significant. >> they do. they have 105,000

fall for deficit is to change the tax treatment of companies that are extracting resources like exxonmobil. again we don't take a position about that but that is one of the possible ways of moving forward. on social security we generally don't use the word entitlement ourselves because it has different sorts of connotations to different people. a lot of people have paid social security taxes on the expectation that they would get benefits for retirement and in fact from the point of view of the overall federal government the money we paid into taxes tend 20 or 30 years ago was used to fund government activities including social security benefits 10, 20 and 30 years ago but the argument that we come to expect certain things and are counting on certain things to be there for them is exactly the point i mentioned about how if one wants to change those programs they have given people a lot of warning about those changes that are coming would be especially important. >> i have one quick question i want to ask you. your time is up in january 2015 and it's been, you have had -- been a valiant sol

firms like exxonmobile, general motors, boeing that has a business plan reliant on doing business insidef russia. >> lauren goodrich, agreed conversation, senior eurasia analyst at stratfor. >> crunch time for obamacare enrolment. sign up in the next two weeks or face a fine. we'll look at why a lot of americans have not enrolled and say they don't plan to. later, riding out a tough job market at home. young americans living with mum and dad instead of moving out. continues. keep it here. >> these protestors have decided that today they will be arrested >> these people have chased a president from power, they've torn down a state... >> what's clear is that people don't just need protection, they need assistance. c.b.s.'s leave and stop selling cigarette. they have been written to, pointing to contradictions to having tobacco product in stores with stuff prescribed by doctors. c.b.c. announced a tobacco disallow, the others are so far not interested. >> two weeks from today open enrolment for obamacare ends. a third of the uninsured man to stay that way. that's 53 million people. david fi

exxonmobil i've owned it for over 30 years. i think i started by buying five stairs of stock. it served me well. >> what about you, john? >> i'm an investor when i'm right and a trader when i'm wrong. but i'm looking at the gulf states. mes is an etf and exchange traded fund that invests in qatar and the united arab emirates and i'm looking at it. >> very good. thank you. thanks for joining us. before we go just before the break we showed you students who couldn't name a single u.s. senator, not a one. yet they had no problem naming a song from the movie "frozen." what we didn't show you they were students from the american university, a very, very good school and some of those students were political science majors no less. one final note, the american university is located smack dab in our nation's capital, washington, d.c. take a minute today, folks, teach your kids the basics of how our free market capitalist republic works and tell them the names of both of your u.s. senators at the very least. i'll see you "on the fives." have a great weekend, everybody. >>> on the secon

that's exxonmobil. shell oil constituents "co2 emissions must be reduces to avoid serious climate change." that's shell oil. so even if the major oil and gas companies have begun to acknowledge that climate change is real. i would respectfully suggest that my colleagues on the other side of the aisle here in congress also need to engage in a serious conversation on climate change. at a time when americans are dealing with record droughts and other extreme weather events, the senate cannot forward simply to -- afford simply to ignore climate change. and ultimately we have to come together to start addressing climate change before its damage and cost to society gets out of control. i know this is not going to be easy, mr. president. some will point out that climate change is a global problem, sometimes called global climate change. and that we can't solve it alone. and they're right. emissions in the developing world are on the rise. china now surpasses the u.s. in total greenhouse gas emissions. but chin

fined $5 million in punitive damages the company now calls exxonmobil spent about a billion in fineslion in clean up costs. >>> prolific character actor jeff redhorn has died. red horn most recently appeared on homeland where he played the father of carrie's character. he also starred on meet the parents, and homeland. he was 65 years old. >>> michelle obama made a visit to the great wall of china. they walked ahead of security along path ways that date back to the ming dynasty. mrs.oe what is encouraging -- mrs. obama is encouraging deeper ties between united states and china. >>> services at a church and no one leaving their car. >>> the church is situated on what used to be a drive in movie theater in daytona beach. and now dogs and children, and those who do not feel comfortable in regular setting are welcomed. >> we've even had people come when they're battling illnesses or don't want to dress up. >> seven people were shot in the city's tenderloin district. we will have a live update coming up. >>> not your typical race car. the unique event in sonoma that has junk cars taking t

energy couple has more on stake than exxonmobile. in 2011 exxonmobile signed a deal with ros kov to drill an area. russia is the largest oil producer, exporting $160 billion in oil and gas in 2012. carl lary is president of a group providing analysis on the oil industry. it's a long-standing ally of putin, ros nest. what do you think the u.s. and e.u. is doing about heeding his warnings? >> the big thing we are talking about is money, beyond that there's the knoil and gas. you know, we den want to see an american company, especially one this large take a hit by sanctioning, but we don't want a cries action interrupted by any kind of sanctions, we don't want to see spikes in oil and all that combined on what not to happen. >> let's take a look at numbers from exxon, it led the world in profit. when it comes to american companies that stand to lose the most. do they have reason to show concern. >> they do. it's high level. there's someone from exxon talking and someone from the u.s. government. when we come down, there's a lot of money

exxonmobil said the closure forced the company to reduce fuel production at the baytown, texas, refinery this time exxon expects to meet its commitments. the stock is higher by 42 cents. let's look at oil while we're at it. oil besides the geopolitical pressures on pressures. we're still, adam, almost at $100 level, which is still surprising. adam: heightening tension in eastern europe is calling for lawmakers to ease restrictions on u.s. natural gas exports to our allies in europe. committees in the house and senate are holding hearings which address the issue. peter barnes is on the story and he joins us from washington with the very latest. peter. >> adam, that's right. washington is moving faster to increase exports of liquified natural gas. the obama administration gave the green light yesterday to another natural gas export project, the 7th one. the energy department has been criticized for dragging its feet on these approvals. it did not say yesterday if russia's takeover the crimea was a factor in this latest decision but the energy secretary hinted last week that geopolitical co

exxonmobil, to drill in the russian arctic. those firms are supposed to be drilling their first well this year and russia is a big energy company and the crude up there could be worth hundreds of billions of dollars. exxon has invested $10 billion. it's not trade but a lot of big business in russia. >> your program. >> food costs. you were just talking about that. we will discuss why you might decide to have a veggie burger rather than beef and we'll show you how it relates to you and your family. >> ali velshi coming up on the top of the hour on al jazeera america. russian officials targeted by the sanctions literally laughed them off. one even brings up tupac shakur, and alan ginsberg, we'll explain. >>> veterans get recognition decades after their time on the battlefield. >> the world is anxiously following president vladimir putin's every move over crimea while some in russia are concern there had is strong support for putin. peter sharp has our report. >> reporter: in the great hall of the kremlin a standing ovation for th

melissa: you don't think of a freeze the energy in the street atlanta huge effect on exxonmobil river bring back to you guys? >> i don't think it will be as dramatic to us as it could be for the eu. it could have a ripple going the other way. >> our president is trying to get the attention of president putin. he has not gotten his attention yet. it's almost been a joke back and forth in sanctioning, harry reid's not even his name correctly which was funny in itself. this will escalate things. >> i did not believe our president has the colonies to do it is to be done. the one thing that is kind of working this economy right now is the stock market. the dow is way off the 2000 on level from five years ago. in order to do this you need to accept the fact that doll may go down 3000 points. melissa: as a good point for what happened yesterday with janet yellen saying they might start taking interest rates six months after they get out of qe. do you think, they had a feel to it, she is giving a direct signal i the first press conference they over spoke? >> you have heard this from incumbent

exxonmobile. business is growing. let's go to andy. a director of the ukraine institution. the ukrainian economy is in a mess. i think it owes something like 150 billion. what happens if it can't pay its gas bill? >> the ukraine economy - ukraine is a big country. to give you perspective, it's bigger than the size of france. what we have seen over the last number of years is that the treasury is pretty much bear. the reason is that the former president, we have seen the photos of op u lents. corruption has been eating at the economy. that's why we are seeing the massive... >> that's why they are in debt to $150 billion. the point is what happens if they can't pay their bills now. >> what we are hearing from the new government, the minister for economy and the minister for finance. the first drive is to push the anticorruption legislation through. what we are hearing now is the west, i.m.f., the e.u., the emf - they are ready to come in and support the economy. >> that are started the trouble in the first place. germany has more at stake than e.u. companies, it has most busi

they sell $0.84 per barrel of oil equivalent as compared to exxonmobil $18.at sounds too much of a discount. cheryl: you are here on december 20. i want to give you kudos on a pick you had. an online retailer in china. stock jumped since he picked it. you don't seem concerned about china. >> that is not true. there are two china. the old china and the new china. internet retail, health care, and new china we are very excited about. taking advantage of a monstrous growth market like the internet. the chinese banks, industrial companies, we are worried about those. if i can be long new china and short old china. cheryl: you picked gm. >> that one did not work out so well. that is an interesting company story because the assets are very, very cheap. that industry is cheap, and yet there is fear about the investigation, fear of others. cheryl: you like technology, this is a china play but mobile security, internet security. >> a little bit of search. they are threat, an upstart company, they have been around a few years. they had a little trouble, earnings fell a

>> exxonmobil disappoints investors with its oil and gas production outlook.l new projects re-energize the world's largest publicly traded energy company? >>> and economic priorities. china sets up course for growth and structural ef

>> exxonmobil disappoints investors with its oil and gas production outlook. will new projects re-energize the world's largest publicly traded energy company? >>> and economic priorities. china sets up course for growth and structural ef

igor and the company have a major joint venture under way with exxonmobil. so if the administration and europeans -- it has to be together -- decided to sanctions those individuals, that would be costl costly. >> one of the issues here is london. let me just briefly read some numbers. 70 russian stocks have been listed on the london stock exchange as depository receipts. combined in the last ten years, russia has raised $400 billion in stocks and bonds in london. last year was $47 billion alone. so the stakes are very high. will london play ball, do you think? i have not heard mr. cameron, prime minister cameron say anything. >> i think you're quite right about that. i think the feeling in the uk is different than it is in washington precisely because of what you just described. more over, politically it's important to recall that great britain and russia have been undergoing their own renaissance, you know, reset over the last several months. and so they are at a different place. however, i want to point out a really important point. it's one thing to say y

one of the things i have been following, exxonmobil.exposure in ukraine but the bigger story is russia. it becomes an issue for exxonmobil when you start talking about putting sanctions on russia. when that happens you start to see some movements in stocks. exxon has been a laggard all week because of its production outlook. that's when you start to see the movement in the companies that have the exposure. >> david is joining the conversation by e-mail. he's saying to your point about the market being hedged, nobody is hedged right now, no way. there's a little downside risk price but that's it. >> okay. i mean, that's a difference of opinions. you could look at the metrics out there, and how about i put it this way? anyone i speak with to the 50 to 55 of the biggest global accounts and a nice array, a cross section, guys are hedged. obviously long onlies are going to hedge a different way. >> yeah. and speak being a couple of the specific themes we saw today, we haven't talked much about the jobs report. this was supposed to be the iss

the second largest refinery in the country, the one in baytown, is operated by exxonmobil which technicallyn american company but tends to operate like it's bigger than any one country including this one. exxon is marking an important anniversary for the company. today is the 25th anniversary of one of exxon's thousand-foot-long oil tankers hitting a reef in the prince williams sound in alaska. the exxon valdez disaster 25 years ago today fouled 1,300 miles of alaska coastline, some of the greatest fishing waters on earth, fouled it more than 10 million gallons of toxic crude oil. 25 years later, the otter numbers are still down in that part of alaska. the herring fishery never came back there. and along that coastline today, you can still find oil. here's the "anchorage daily news" marking the anniversary of the spill. "pick up a stone on a rocky beach, dig a little, and it's possible to still find pockets of exxon valdez oil at prince william sound." noaa tells the paper, "i think the big surprise for all of us who have worked on this thing for the last 25 years has been the continued pre