every day we consume palm oil, labeled as vegetable oil. and a lot of it is coming from here in indonesia. they've converted the lowlands already. and now the palm oil plantations are moving up and up the slopes, to here, leuser rainforest. we've gotta go. >> leuser isn't the only place experiencing deforestation. since 1985, more than 50% of the forests in sumatra have been cleared, not just for palm oil plantations, but also for paper, wood, mines, and road infrastructure. what took thousands of years to grow is coming down at an alarming rate. >> look at that. we traveled for over an hour, deep into this palm oil plantation, till we've got here, the front line of the expansion. this expansion here is illegal under indonesian law, and it's all happening for palm oil. this timber will be shipped off to market, and in its place, in a matter of days, young palm oil seedlings will be planted. >> palm oil is one of the most widespread vegetable oils throughout the world. within indonesia itself and also china and india, the 3 of them account f

those are really the issues, not so much the oil. the oil itself is become part of the internal. who are increasingly able to useave been some of the oil under their control and sell it independently even though the president of iraq is occurred. the government his act we asked and they have used that leverage and their relationship with needs that. and they are trying to get a hold of some of the oil resources and refinery because that income is going to fund the operations both domestically and internationally. different kinda of an issue. host: good morning. of oil is anssue old wives tale. the problem is the invasion. they had america attacked and innocent country. 300 people is just going to make it work. host: what about the hands-off approach? guest: sectarianism does exist in the middle east. but we don't always come to grips with is people are complex. is a shia. world,e a citizen of the a father or a mother or a teacher. all of these things are not the number one priority for them. just like in the case with the kurds, their deciding on the basis of wanting kurdish auto

from a real oil flow point of view, there is no reason for oil prices to go up. however, there is the psychological, the perceived risks. that taking over a refineries such as the one we with have just seen. sends to the market place, and foreign policy makers as well as energy minister throughout the world. the idea that we with can ignore security risks until they actually cause physical disruptions is not a sustainable path. that we with can conduct, even our markets on. >> mr. ambassador, we have had problems with your signal, it looks pretty good -- well. it looks good for the moment -- >> i can hear, you anyway. >> a reaction to what you have been hear. >> i agree with with the last speaker, i think there is a huge impact of seeing the iraqi forces collapse and heading south towards baghdad. i agree that it is unlikely that the insurgence -- his signal has frozen again, with he take a short break, first we will see if we can fix the satellite signal, and we will continue our conversation on iraq, and it's place in the international oil scene. this is inside

there's oil. >> the oil flowed down the street through a drainage ditch and emptied into a marshy area. the heavy crude had come from alberta, canada, thousands of miles away. >> what are the booms for? >> they are to soak in the oil. they are supposed to -- >> literally? >> yeah. literally -- >> that's what they're for? >> they're supposed to repel water and soak in oil. >> steyer had come to mayflower to gather ammunition for what may be the biggest fight of his life -- trying to stop the keystone pipeline from being built. steyer worries more leaks like this one in mayflower could happen. the proposed keystone pipeline would stretch from the canadian border across the u.s., and connect to existing pipelines that carry oil to refineries on the gulf. steyer says the oil would be sent directly to the international market. >> it is not going to the united states. what the true argument is, it's going to be more oil not from the middle east, that is true, but doesn't mean it's more oil for the united states. it just means there is more oil not from the middle east in the world market. >>

. >> iraq collapsing, oil prices spiking. al qaeda inspired militants threatening more cities and a major refinery as they blitz through oil rich iraq. lots of calls to send u.s. help over there and now we can also protect ourselves at the pump here back at home by starting to build the keystone oil pipeline right now. are they right? hi, everybody, i'm liz mcdonald's in for david asman welcome to forbes on fox. now, steve, the spreading chaos in the middle east, more proof we need to get moving on becoming less dependent on mideast soil? >> absolutely. we should have that kind of a back up. the pipeline should have been approved years ago. also the white house should rule restrictions on federal lands on drilling for gas and oil and they should also green light. so bull market there. more supply and we'll get through this crisis but we have to get the signal out there and the white house is not giving it. >> rick, we have them saying it and the nebraska governor saying we have a route for you, why not build the keystone. >>

oil ban on oil exports which should benefit american oil producers. still congress is grumbling that the export ban should stay in place just as world conflict to disrupt oil supplies. stephen, for people whose main interaction with oil is actually at the gas pump can you explain what this new redefinition is, and what it actually means? >> well, it means essentially we're going to be getting rid of oil that we don't even use. this is a very light oil that is being produced with the new formations of shale that is coming to the market. right now we have a glut of this oil sitting in the united states. we have a glut of this oil sitting in the united states because we don't have enough demand for the oil. because the u.s. oil industry over the past ten years have invested billions of dollars to maximize their output the heavier crude oil, not the light crude oil we're pr producing. it would be a great deal to allow producers to produce, sell and export this light oil which we do not use, which is a high priced oil, and replace that with a hol oil that

oil allowing a hand full of companies to send certain oil products out of this country. oil prices rose nearly half a dollar a barrel on that news. the price of brent crude fell a fraction, but we're wondering what could this mean for the energy sector down the road. morgan brennan takes a look. >>> two u.s. companies could begin exporting a new type of oil. a move that could put more pressure on the country's four-decade ban on oil exports. according to reports, the commerce department granted enterprise products partners to export conden sate as soon as august. it's a gas form of crude that's plentiful in u.s. shale formations like in texas. it can be easily converted into gasoline and jet fuel and commonly blended to allow for better pipeline transport. >> the market will probably go to asia. the numbers we run indicate europe wouldn't be a good market. you sent it to asia to run through the petro chemical observations to make various products. and so it's not a huge market for it. >> reporter: the condensate will be minuimally refined. crude oil has been banned from

oil?ancid, aren't oxidized. heart healthy. preserved. when you abuse by overheating or storing long periods of time is when it goes rancid. those are offensive components. we need to treat the oil kindly. none will make the ingredients going bad. >> okay. thank you, roger for coming on and setting the record straight. >> my pleasure to be with you today. thank you. >> thank you. >> i personally will only ever eat cold-pressed oil. as we all know, i'm a raw foodist. up next, some 101 time with me in this week's "ask carol. in this week's "ask carol. " okay, listen up! i'm re-workin' the menu. mayo? corn dogs? you are so outta here! aah! [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. nutrition inharge™. [ bottle ] ensure®. tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of c

starting with integrated oil giants, exxon mobile has the murphy oil all have operations throughout iraq and of these names, exxon the most exposure. but analysts say that the oil still accounts for only a small amount of the global production meaning the benefits associated with rising oil prices could more than offset the negative impacts with local disruptions. >> the other 95, 96, 97% of the business for these guys is now theoretically more profitable. there is more business to do because the prices are higher. just so long as you don't get it so high that you start to worry about gdp growth and damage. >> and oil services companies that service and maintain oil company equipments. >> you're talking about haliburton and baker hughes made an early push into the country, lot of operations in the south frankly have not been very profitable. they are pushing that back to break even, or do a little better even, have had success with that. >> they have had an impact on the companies, bottom line, something we saw at baker hughes after operations were suspended at an iraq facility just last

mid eastern oil. i'm talking about the obama administration. michelle your thoughts? it's about time that the president moves on thiz energy initiatives? >> right now specially. americans are going on vacation, road trips and they will have to spend a ton of money. we need to allow energy develop development we need to speed up our natural gas and oil exports. we can reduce. >> indeed. our policy should be hands off. we should be deregulating more than anything. and of course it's government that has made oil and energy production so difficult. i think the whole notion of drill here and explore here defends that the war was only about oil. >> i'm going to take the other side. right now we're about we're about 60% energy independent. jessica, i want to take one minute and explain a couple of maps. that became drillable for natural gas and oil. so if we're not bringing more oil and natural gas to the american people, obviously, jessica, the prices are going to go up. it's time to change. >> we have righ

how high do you see oil going? >> the real story is something, a mix of what michelle said and what joe said. joe talked about 0 peck and 0 peck has a stable sect to it and an unstable sect. if you are looking at iraq, destabilization, you have to talk about nigeria, iran, those aren't exactly stable countries, venezuela. if there's going to be a material amount of oil taken off line from iraq, it's going to be made up by saudi arabia, the uae, the stable portion of 0 peck, that could take care of it short term. the long term story, 9 million barrels by 2017, that's a bit over estimate. the long term plans are destabilized for the oil producers and if brent and wti continue to go up, the trade is to buy brent and sell wti because the producers will have incentive to hit that big. the companies that have export licenses will have incentive to bring canadian crude through u.s. ports and ship it off to the european continent. it can change the way oil moves around the world. >> this move has been swift and sudden. is

the game plan, oil shock, we are live in iraq with the latest as oil markets around the world remain on edge. not so uber. the dean evaluation on why the private popular car service isn't worth fearly what everyone thinks. >>> worst trade of the day. how the nonprofit greenpeace is learning an age-old lesson today that money doesn't grow on trees. let's meet today's starting lineup. joe, steph, josh and peter on the desk with us today. we do begin with our eyes once again on iraq and the continued surge in the price of oil. today wti crude topping $107 a barrel. and threatening to go even higher. our michelle caruso-cabrera is live in erbil, iraq, with the very latest. michelle? >> reporter: hey there, scott. yeah, the iraqi government tried to convince everyone over the weekend that they were fighting back by releasing videos of targeted airstrikes and things that they had done in northwestern iraq in order to fight back the insurgents. still, the town of talafar fell earlier this morning, about 50 miles west of mosul, the first city that fell last week and really brought the whole

that's because oil from alberta's oil sands is controversial. one big reason, large quantities of water and natural gas are used to separate the tar-like oil called bitumen from the sand. regardless, oil producers in the region expect double their production in the next ten years. and if they can't ship it to the united states, they'll use other pipelines to get the oil to other customers. >> there are two major pipeline proposals. there is reversal of a pipeline that currently moves east to west to go west to east into eastern canada, and there is a major pipeline proposal to move product to eastern canada to export off the east coast. we're going to find ways to move the crude oil. it comes back to the united states to where it wants to procure it's polic oil from. >> they want to building an $11 billion energy east pipeline. it would be the largest pipeline in north america pumping 1.1 million barrels a day from alberta to terminals in quÉbec and new brunswick where the oil can be loaded on to ships and moved to europe. they want to reverse t

the oil fields here, as you can see.ut the curds control a pipeline, that runs from the city all the way over to turkey in the mediterranean, but the problem is that pipeline is always rusted and broken and won't be repaired any time soon. now iraq's largest oil fields are in the relatively peaceful south, which is controlled by the shiites and the port here offed the iraqi as chance to get their oil out by ship. now, if the fighting persists and efforts to much more oil from both the north of the country, and the south, will be hampered because iraqis hoping to help from companies like b.p., who is there, that could help be hampering as fighting goes on. a lost is resting on not bringing their fight with the iraqi government further south. david. >> john, great job, explaining that thank you for coming in and doing that. joining us to talk about securing oil in iraq, he is a professor of international relations. his research focuses on energy security. first of all, you reaction to the forces moving oen this oil field.

look, there is oil. >> the oil flowed down the street through a drainage ditch. the crews had come from alberta, canada, thousands of miles away. >> what are they for? >> they are to soak in the oil. they are supposed to. they are supposed to soak in water. >> steyer had come to mayflower together ammunition for what may be the biggest fight of his life, trying to stop the pipeline from being built. he worries more leaks like this one could happen. the proposed by blind would stretch from the canadian border across the u.s. to the existing pipeline that carries oil to the refinery. >> it is not going to the united states. it is going to be more oil not from the middle east. that is true, but it just means there is more oil not from the middle east in the world market. >> we walked along the quiet street in mayflower that just a few months before had been cover it in oil. exxon mobil is facing a $2.6 million fine for the spill and has spent $70 million to clean it up. three houses were so badly damaged exxon not them down. most sat empty. even after an accident, t

swishing oil in your mouth. that's right. this habit is called oil pulling. and it's known to improve oral health as well as to clear out toxins from the body. sounds too good to be true, right? maybe not. dr. bruce fife will be joining me in a bit to tell me all about it. >>> plus, summer may be almost here, but spring allergies are still out in full force. dr. frank king is back to tell us about regional allergies and what you can do to help ease the symptoms. >>> but first, for years people have asked me, what is the difference between blending and juicing foods? if each has a "effect on the body? they are completely different. a while back, we discussed juicing. so today, we're giving equal time to blending. with me now is tess masters, the author of "the blender girl." why do you like blending over juicing? >> well, i actually do both. it's a very lively debate, blending versus juicing. really, it's both. it's like what you said. they both have "health benefits. for me, i blend every day to retain the fiber, the nutrients contained in the whole fruits an

goes up you find people converting farmland to fuel based production and be it for palm oil or corn based ethanol or things like that so for both reasons we can very easily say that the high food prices we've been seeing over the last several years are directly related to high oil prices wow now how do we know it's not just speculators driving up the price by trying to increase returns in the commodities market. well that's always part of it right there speculators in there right now on the idea that it looks like there's a very high chance el nino is going to return in the pacific that it always correlates with very poor harvests and so you do have a little bit of speculation there but long term commodity prices in the grains are very much a supply demand. sort of an equation that we can look at and you know when you ask about peak oil before one of the reasons i'm convinced that we are past the peak of cheap oil is just look at what's happening with all of the international oil companies deciding that they can't make enough money friend current operations to both explore for oil a

the history of friction in oil-rich regions, is whoever takes over instantly start pumping out the oiluse they need the dollars. the kurds have currently taken over the oil fields in iraq, so the idea that we're going to lose the production is -- i think it's right to worry about that, and if it goes to $200, i agree that's probably not good, but i don't see oil going there, frankly. >> we've already had, with all due respect, we've this jump in oil prices, right? >> all stocks have done -- >> that's what is kept me restless. i still sleep, but i was restless over an increase of worldwide violence in the middle east. let's face it, you know, iraq 2.5 million barrels a day, that supply gets disrupted or cut off, our oil price here goss to 130, 40, 50 a barrel. as mandy said, not on ra spike, but goes there and stays there. that's going to be a problem. you don't have a margin for report. i'm looking at goldi locks a little differently. i seed modest growth. i think gdp will be 2.4% this year, but if you told me over the next ten years it would be about 10. -- the stock market would be a

destiny, she is nigeria's oil minister, the first female oil minister in opec. she joined a couple years ago. the problem of course is that al buttrey is the secretary-general. he is 74 years old. his term expired two years ago and they haven't been able to find a successor. unablee three countries to come to some kind of consensus, a little bit like a mexican standoff. the good the bad and the ugly. each of those countries put candidate.ountr in theory a candidate from nigeria would be a good thing. she would be delighted with the prospect of the job. we caught up with her yesterday. >> frankly, that would be a privilege. however i am not the secretary-general of opec. it is not on the agenda at this point in time. scenes, we are being told by opec ministers, they are not sure about her credentials. the secretary-general is supposed to be the public face of opec. having a woman be the first secretary-general would be very helpful for the cartel but they also need to build consensus. it is not clear that she has that kind of credibility amongst all of the opec s

those are really the issues, not so much the oil. the oil itself is become part of the internal. are increasingly able to useave been some of the oil under their control and sell it independently even though the president of iraq is occurred. the government his act we asked and they have used that leverage and their relationship with needs that. and they are trying to get a hold of some of the oil resources and refinery because that income is going to fund the operations both domestically and internationally. different kinda of an issue. host: good morning. of oil is anssue old wives tale. the problem is the invasion. they had america attacked and innocent country. 300 people is just going to make it work. host: what about the hands-off approach? guest: sectarianism does exist in the middle east. but we don't always come to grips with is people are complex. is a shia. world,e a citizen of the a father or a mother or a teacher. all of these things are not the number one priority for them. just like in the case with the kurds, their deciding on the basis of wanting kurdish autonomy

where will oil prices go from here?of oil, ford is lower fuel economy ratings for a number of its cars including plug in hybrids. liz: no matter who wins they're raking for the cash as everyone waits and wonders who will win the famed and historic family cup! coming up in the house, whoo! here is nhl commissioner gary bettman in the studio, with the coveted cup coming down the aisles live. whoo! ♪ [applause] my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. but with less gy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron th

we're not going to be short of oil in the long term, but oil-demand globally is growing. iraq was expected to be a contributor to that growing demand? >> that's right, ali. just before the iraq events it's important to understand that the view among oil analysts about the global oil market had changed dramatically, even in the last six months. six months ago everyone thought the market was loosening. and in hopes that libya would come back on. even in the recent weeks analysts have noted, and this was discussed at the opec meeting that the market was much tighter than people expected. china has been filling it's stocks aggressively. libya has gone off line and demand is healthy. can opec increase enough in the second half of this year. that was before the risks to iraq emerged. now i don't see, and most analysts i know don't see a large, direct risk to iraq's oil production out to the south, all of the oil production, just about all is coming out of the south. that's well protected by the shia groups down there. but just the threat or risk to that production in the contex

when could impact very adversely on the oil price and on iraq's oil exports and production., has been producing oil and is still producing oil exporting since the bulk of the iraqi production comes from the southern fields, oil fields near basra. consequently we haven't seen yet a stoppage. but if the situation deteriorates further, it means that iraq might reduce the oil production and the foreign oil companies operating on iraq might withdraw for security purposes. so i project if that happens, i project an oil price which could even hit $120 a barrel shortly. >>> now egypt's new cabinet ministers have been sworn in. they took an oath at the presidential palace in could i . new government minister include four women. >>> abdullah elshamy has been on hunger strike for more than four months being he's been in prison since august without charge and the journal has ordered his release. the court is also expected to give verdicts next week in the case of three other al jazerra journalists did he tied in egypt. peter gues getter. they have been in prison for 171 days now. they a

more corrosive as it goes through the pipes, the oil sands oil. where do you stand on this? i've heard studies on both sides. >> well, no matter what your product you're pushing through a pipe. you can have corrosive products. and you design the pipe to handle those particular corrosive products. if you have something that's particularly corrosive you would have different coatings inside the pipes to handle that. normally, one product is moved through a particularly type of pipeline and only certain products will move through that pipeline that actually meet the standards of the coatings that will protect it from corrosion. >> you know a lot of the issue around the xl pipeline is as mary said it goes around the oglala. this pilgrim's pipeline goods through an aquifer, given the politics, it wasn't always there but given the fact that it's there, why doesn't these pipeline companies route it around these areas? >> you know the shortest line is a straight line and it's cheaper to maintain a straight line. it's also some of these areas you know you'r

looking at the oil market, bp up 0.2% as oil prices rise. air france, you can see airlines dipped lower as people worry about travel. that affects the airline. point -- 0.07%. >> thanks. iraq taking one of its largest cities as opec's second biggest producer calls for u.s. intervention. ryan is healed with the details. >> good morning. wti is on its way to its biggest weekly gain since december. it is well over $100 a barrel. brent, the benchmark for the rest of the world, it is well over $110, up about 4.5% this week. not too far off the $116 it reached back in september. the big question is, how much of a threat is the violence we are seeing in the north of the country to iraq's oil supplies? that is a question we put to the iraqi oil minister in vienna at opec. he says, not a very big one at all. have a listen. >> there is no threat. all our production and export is from the south. the south area is very safe. only small activities related to the distribution. >> those comments clearly did not assure investors in oil. price of oil rising.

world oil supplies are very tight. this would be an oil shock.f which the world has not seen before. david: chris, thank you very much. sobering ideas. liz? >> my pleasure, thanks. liz: well, david, another idea. bitcoin is making a new play to the virtual currency's image. we speak with ceo behind this very bold move, his backers include such entrepreneurs as billionaire richard branson and the deal involved espn. >>> well, despite the world cup, not everybody is cheering for the brazilian economy including brazilians. we're telling you where they are looking to. the brazilian smart money is headed to -- well, stay tuned. we'll tell you where they seek a safe haven. ♪ ♪ my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an ideaea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom

let's start with oil. we got another sign last week how dramatic fracking has transformed america's oil industry. north dakota produced a million barrels a day, safety and environmental concerns. i'm not just talking about shipping oil by rail or barge. the latest federal data shows appliance in the u.s. spill an average of 3.4 million gallons of hazardous liquids every year. including oil. and fear has families fighting pipelines. that run through areas that supply drinking water. >> they're talking about bringing a crude oil pipeline through a densely populated area. we're 30 miles from times square. 12 million people live here. >> reporter: in towns throughout new york area, activists are banding together to fight against the pilgrim pipeline. the company's plan, building a pipeline from north dakota to new jersey. the proposed route will pass through a major water supply for millions for new york and new jersey. general plan tittle is the director of the new jersey sierra club. >> one of the concerns w