you tell opec, fellows, that price is going down. let me tell you, it will go down if you say it properly. >> why do you think the world is laughing? what's your -- what leads to you believe that? i get you thinking. >> excuse me. lib lo look at libya. look at this mess. we go in, he should be removed, he shouldn't be removed, we don't want to touch him but he should be removed. nobody knows what they're doing on gadhafi. then we're back into rebels, oh gee, whiz, maybe we can't, because they're backed by iran. if somebody said what would be your theory or what would you could in terms of libya, i'd do one thing. either i go in an take the oil or i don't go in at all. we can't be the policemen for the world. >> just take their oil? >> absolutely. i'd take the oil, give them plenty so they can live very happily. i'd take the oil. >> wait, we can't go -- >> candy. candy. in the old days when you have a war and you win, that nation's yours. this country is a laughingstock throughout the world. it's being ripped off by every country. if

>> what i would do differently is come down really hard on opec. if you look at these nations, they wouldn't be there except for us. you take a look at kuwait. we handed kuwait back to the people right now essentially own kuwait. it is really ownership more than anything else. we handed it back. they never paid us. you look at these nations, saudi arabia, we protect them and then they want to raise the price of fuel. it is not high enough. so it would be very easy and very quick to get gasoline prices down. gasoline prices are at $4, $5, they are going to $6 and $7 as sure as you are standing there. >> in terms of trade ability, you came here in a black helicopter in 1988 and you were running as a democrat. >> let me just tell you. it is sort of interesting, because new hampshire has been a very special place. i came up in 1988 or 1989, a long time ago, as a favor to a friend of mine. i made a speech but it is a place that i have always liked. i have been to many times, new hampshire. in making the speech, everyone thought i was running for preside

[applause] i said on numerous occasions that we should watch china and opec and what they're doing.ng this up because it is so sad. this could be taken care of. we have somali pirates taking over the largest tankers in the world. now we have germany wants to buy the new york stock exchange. i am all for free enterprise. i do not want germany owning the new york stock exchange. [applause] as a businessman, i of seen what china and opec have been doing while our politicians have chosen to cast a blind eye and have state dinners in their honor. we give him a state dinner and all he does is rip us off. we should have gone to mcdonald's. if i run and win, our country will be respected again. china, opec, and all the many nations ripping off this great country of ours will be dealt with very differently. [cheers and applause] obama used to go change and even he is embarrassed by the word. i want you to know where i stand on different issues. i am pro-life. [applause] i am against gun-control. it is interesting, gun-control. the bad guys are going to have the guns. people that are good and

let's give those opec ministers a few sleepless nights. let's not allow them to look at the congress once again, ignoring the strength of our country which is our technological genius, to be able to invent the new technology that makes us less dependent. and what does the republicans do? one month ago -- the chair: the gentleman's time has expired. mr. markey: they repeal all of the loan guarantees for solar and wind. they did it -- the chair: the gentleman's time has expired. mr. markey: that's their y'all -- their all-of-the-above legislation. the chair: the gentleman from illinois. mr. shimkus: h.r. 910 completely preserves the car rule under the e.p.a., emission standards for standard and cars from 2012 to 2016. we had this debate in the subcommittee and full committee. it's still there. unfortunately you're acting like it doesn't. this is a really simple debate. this is a debate of whether we want more supply or less supply, whether we want more jobs or less jobs, whether we want higher energy prices or less energy prices. when you al

yes, gasoline prices are going up, but i do not know if that would work with opec.goes on to say having won the war, we should reimburse ourselves. a victim along the spoils. charles, you have been talking about the unserviceness of the trump candidacy. he got under your skin. >> yes, i was told a donald trump was on the line. so i put on a seat belt and held the phone if it away from my 8 year, thinking he was going to go into a tirade, considering what i he said about him. what is surprising is he simply called and was rather courteous and composed. to make his case for how race -- houser is a candidate he is. i do not exactly excepted. when i mentioned the birther issue, he said, well, the media keeps asking about it. and i said, well, mr. trump, you're really not a victim of the media on this. you raised it. but i must say, he was a gentleman. he had every right to start screaming, and he did not. but because of his demeanor, i am infering that he is running. if he were not a serious candidate, he would have unloaded on me and felt the arctic. but in fact, east

they are abusing this country like we have never been abused before, except for opec. i had them in a special category. the d.c. recently a couple of days ago where saudi arabia said, "let's raise the price and cut back production." you are going to be paying $5 to $6 a gallon for gasoline pretty soon. they want to raise the price of oil because we have nobody in washington that sits back and says, "you are not going to raise that fucking price, do you understand me?" [cheers and applause] it is unbelievable. we are in libya. begin a part of the reason we are in libya? because the arab league, which is saudi arabia and a few of the other richest countries in the world -- they have money coming out of their ears. you go to these countries and see the most incredible airports being built or already built. ec bridges that make the george washington bridge look like a toy. you see the most unbelievable things and you come home -- we are like a third world nation. you land at what guardia -- la guardia. it is broken. it is dirty. i do not mind going over potholes' in my car

opec said monday, there is a glut on the market. estimates are it could produce another 200 million barrels a day if needed. and u.s. oil refineries are only operating at 80% capacity. oil companies are raking in huge profits. analysts predict first-quarter profits are expected to go up 41%. >> it's an outrage. an outrage. >> reporter: but many are blaming the sharp rise in prices on the commodity futures markets. two washington senators say there's not enough policing, and blames federal regulators for missing a deadline to implement new rules on excessive oil speculation. speculators in the oil futures market bid prices up, betting that things are going to get worse in the middle east. >> they assess the risk. and you pay a premium based upon the risk. >> reporter: that risk or fear premium is costing drivers about 35 cents extra a gallon. and it's going into the pockets of the speculators. breaking all of that down, we are paying for the oil crisis today that may never happen. >>> and those climbing gas prices are one of the reas

out of bed it for less than eighty three dollars a barrel sounds even more egregious and paid most opec set for one trillion dollar export revenues so fact a barrel the chief economist at the i.a.e.a. said that a new assessment by the rich nations oil watchdog show that the total number of barrels exported by opec in two thousand and seven would be slightly lower than two thousand and eight but their income would be one trillion due to the increased cost and that saudi arabia however because of all their promises to the people in order to avoid an. rising a revolution they need oil now at eighty three dollars a barrel otherwise because they can't meet all their obligations and that is a revolution so we're caught in a spiral and we're going to get into a lot of that after the break when i get in touch in austin texas well stone's space ever thanks so much for being on the kaiser report thank you max thank you when we come back alex jones. and. they tom are here broadcasting live from washington d.c. coming up today on the big picture of. the. but in back of that hazard part time now to

new assessment by the rich nations oil watchdog shows that the total number of barrels exported by opec in two thousand and seven would be slightly lower than two thousand and eight but their income would be one trillion due to the increased cost and that saudi arabia however because of all their promises to the people in order to avoid and. uprising a revolution they need oil now at eighty three dollars a barrel otherwise they can't meet all their obligations and that is revolutions that are caught in a spiral and we're going to get into a lot of that stuff after the break when i get in touch in austin texas well it's jones space ever thanks so much for being on the kaiser report thank you much. when we come back alex jones. did you. feel. sixty. six to sixty. welcome back to the cars are part time now to go to austin texas as speak with alex jones alex jones has basically delivered fox news and mainstream media a black eye because he said is skyrocketing popularity ever since two thousand and two things have been moving up. and alex jones alex jones welcome to the kaiser report max th

in fact, opec said today there's a glut on the market. estimates are it could produce another 200 million barrels a day if needed. and u.s. oil refineries are only operating at 81% of capacity. >> it's an outrage. an outrage. >> reporter: oil companies are raking it in. right now, analysts say first quarter profits are expected to go up a whopping 41%. but the quiet accomplice in rising prices is wall street. speculators in the oil futures market who bid the prices up, betting that things are going to get worse in the middle east. >> it's not a fear premium, it's a risk premium. they assess the risk and you pay a premium based upon the risk. >> reporter: that risk, or fear premium, is costing you about 35 cents extra a gallon. and it's going right into the pockets of speculators. critics say they're operating more on greed than fear. >> they're making billions of dollars in facilitating speculation in commodities. >> reporter: there's little debate about who is driving prices up. from an m.i.t. study, to leading economist paul krugman and

i'd much rather be talking about how china is ripping us off, opec. that's what i'm good at. i understand it. i can do such a great job. but, this issue came up six weeks ago. i've heard about it for years. but i never thought too much about it. i assumed he was born in this country. six weeks ago i started really looking into it. he has a certificate of live birth. by the way, despite what certain liberal process that's not a birth certificate. it is a big step lower in some places you can get married or get a driver's license with a certificate of live birth. i say to myself -- >> sean: only has a stamp, no signature. >> it has a stamped signature. i have my birth certificate. i think i'm going to bring it down to boca raton this weekend. it's stamps three different signatures, everything is official. you have to see this thing. a certificate of live birth is not appropriate. i say why? simple questions: why doesn't he show his birth certificate, number one. they say it is sealed. if it is a person you can release. i sent to new york for my birth certificate. they got on th

in seven years, it is 2.5 million barrels per day and it cuts opec in half. we get 5 million per day off them and we are paying for both sides of the war. there was a great op-ed piece april 9 of 2010. it said that we are paying for both sides of the war and i truly believe that is the case. we don't look very smart doing that. >> is there anything you have to add? >> i don't like war either. for it andaying losing, what everyone in afghanistan and iraq and what we want in libya? the last time we won the war was world war two because that was the last time anybody surrendered to us. not even grenada surrendered. you don't win unless the other side admits they were beaten. >> i agree 100% on this point guard with to get those people out of afghanistan. >> that would save a lot of money right there a d themeamn right. [applause] >> next time send scientists and engineers and doctors and maybe a few lawyers over to help out rather than send soldiers. the bombs did not do any good. >> let me ask questions from the audience. i will paraphrase in the interest of. t

drivers are not getting help from saudi arabia and opec. they claim there is an oversupply. unless trouble in the libya and middle east disrupt oil shipments, that is essentially true . according to the berkeley cool of business. >> saudies are using that to produce less oil which is not surprising, when they have a good excuse to produce less oil they take advantage of it. >> station owners need to anticipate possibly disruptions in the middle east. >> they have enough money to the bank to pay for determine or next week's delivery of fuel. they are often pricing their products in a way that is forward looking. >> that's right. oil dropped two dollars down to 107 a barrel and experts say oil prices will drop. but not as quickly as they go up. three bay area legislators are accusing the rail authority of failing to have a system that meets the needs. today state senator and assembly man proposed the blended system. it integrate it in existing tracks. they are proposing an elevated track. that idea had met a lot of opposition on the peninsula. federal dollars are being cut and

oil tumbled after opec said high prices will likely put a major strain on economies. after the bell, texas instruments fell short of estimates. earlier, city group closed flat after barely beating expectations. apple is suing rival samsung claiming its galaxy smartphones and tablet, quote, copy the ipad and iphones. at&t has three new lobbying contracts to stop at&t's t-mobile takeover. a lawsuit demanding taco bell stop calling its beef meat has been dropped. taco bell says no money changed hands and it's not changing its marketing or its recipe. keep an eye on goldman sachs. the bank weighs in with earnings before the bell. and they just won't take no for an answer. despite an appeal throw out next week, the winkelback twins now want a special panel of judges to review their claim that they didn't get a fair deal while settle, mark zuckerberg. >> the bruins battle away from bean town and controversy in the world's oldest race. plus, lebron leads the team to a bout against philly. >>> a severe weather outbreak is in the forecast. your forecast is coming up. you're wa

the move quashed hopes that opec would step in and alleviate prices. >> toyota reduced production in japan for the first time since the natural disaster. it's unclear when they'll be back up to full speed. >>> samsung may be looking to sell its hard disk drive unit for upwards of $1 million. >>> tim geithner said republicans have assured the administration that the government will vote to raise the debt limit before a default on the nation's debt. >>> and if you're planning to fly hong kong airlines, be on your best behavior. the airline is training all of the cabin crew in kung fu to help them handle unruly passengers. >>> coming up, a nascar photo finish. and big upsets in the nba playoffs including chris paul and the hornets with the lakers. the early morning sports headlines are ahead. >>> in weather, active weather to the middle of the country including more severe weather. the forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, the nba playoffs have begun with more than a few surprises. here's n

today, saudi arabia's oil minister says the global oil market is oversupplied, damaging hopes that opec will soon cut the output or raise it to bring down prices. saudi arabia is the largest world oil exporter. >>> in a meeting this morning, lawmakers simplified the plan for the high-speed rail project. because of a lack of federal funding, panel proposed limiting it to a single rail system. the original proposal was for two rails including features like a two-story viaduct. the scaled-out proposal would have it run on the existing cal-train track system from san jose to sacramento. student and faculty members staged informational ticket today in hayward. during a visit by a chancellor. they're upset by the budget cuts. amy hollyfield joins us. this prompted increased security. >> there was a lot of police today, cheryl. it was interesting to see. the protest is over but they have left their mark. take a look at the plaza out here in front of the administration building. chalk art with several messages. pictures in case that chancellor charles reed wants to stop and do reading. students

today, saudi arabia's oil minister says the global oil market is oversupplied, damaging hopes that opec will soon cut the output or raise it to bring down prices. saudi arabia is the largest world oil exporter. >>> in a meeting this morning, lawmakers simplified the plan for the high-speed rail project. because of a lack of federal funding, panel proposed limiting it to a single rail system. the original proposal was for two rails including features like a two-story viaduct. the scaled-out proposal would have it run on the existing cal-train track system from san jose to sacramento. student and faculty members staged informational ticket today in hayward. during a visit by a chancellor. they're upset by the budget cuts. amy hollyfield joins us. this prompted increased security. >> there was a lot of police today, cheryl. it was interesting to see. the protest is over but they have left their mark. take a look at the plaza out here in front of the administration building. chalk art with several messages. pictures in case that chancellor charles reed wants to stop and do reading. students

opec is setting the price of fuel. we have oil all over the place, all over the place, every ship at sea is loaded up with oil and they do not know where to dump it. yet every day we are setting records and pretty soon we will be at $150 a barrel. the all-time record. when the president says he has no power over that, it is pretty sad. >> is it possible that the country is being led and not by an illegitimate president, is that possible? >> i hope it is not possible. i hope we have accomplished a lot of what i have been doing the past couple of months. i hope we can talk about china and opec taking our jobs. i hope we could start doing that. what i would do differently is come down really hard on opec. if you look at these nations, they would not even be there if not for us. the ticket look at kuwait, we handed kuwait back to the people. they essentially on kuwait. it is really ownership more than anything else. you look at these nations, saudi arabia, we protect them. then they want to raise the price of fuel, it is n

opec is setting the price of fuel. we have oil all over the place, all over the place, every ship at sea is loaded up with oil and they do not know where to dump it. yet every day we are setting records and pretty soon we will be at to 1 $50 a barrel. the all-time record. when the president says he has no power over that, it is pretty sad. >> is it possible that the country is being led and not by an illegitimate president, is that possible? "i hope it is not possible. -- not >> i hope it is not possible. -- >> i hope it is not possible hot. i hope we have accomplished a lot of what i have been doing the past couple of months. i hope we can talk about china and opec taking our jobs. i hope we could start doing that. what i would do differently is come down really hard on opec. if you look at these nations, they would not even be there if not for us. the ticket look at kuwait, we handed kuwait back to the people. they essentially on kuwait. it is really ownership more than anything else. you look at these nations, saudi

people say what would you do to opec? they wouldn't be there if it wasn't for us.essenger. i have business people i deal with all the time. i can send one guy into a room and another guy say the same thing one guy comes back with the bacon the other doesn't, all the time. >> sean: you would drill in the 48 states build nuclear facilities and refineries? absolutely. i will tell new, nuclear, i say that you have to be a little flexible in life, you can't just say boom. i'm a big driller. with care. i've gotten many environmental awards. i build great golf courses and buildings, i get a lot of awards for what i do. i know the environmental thing probably better than anybody. i also know it is carried to an extent that is insane. i've seen jobs stopped that would have employed thousands, but they can because there's a piece of grass they found -- >> sean: there's a turtle egg. >> i have seen incredible developments with tremendous job producing capabilities stopped, many times because of swamp, a little piece of grass like this that doesn't even look good. i've seen th

in seven years, it is 2.5 million barrels per day and it cuts opec in half. we get 5 million per day off them and we are paying for bh sides of the war. there was a great op-ed piece april 9 of 2010. it said that we are paying for both sides of the war and i truly believe that is the case. we don't look very smart doing that. >> is there anything you have to add? >> i don't like war either. for it andaying losing, what everyone in afghanistan and iraq and what we want in libya? the last time we won the war was world war two because that was the last time anybody surrendered to us. not even grenada surrendered. you don't win uess the other side admits they were beaten. >> igree 100% on this point guard with to get those people out of afghanistan. >> that would save a lot of money rit there a d themeamn right. [applause] >> next time send scientists and engineers and doctors and maybe a few lawys over to help out rather than send soldiers. the bombs did not do any good. >> let me ask questions from the audience. i will paraphrase in the interest of. time you ar

[cheers and applause] i said on numerous occasions that we should watch china, we should watch opec,doing. we have, and this is something i just bring up that we have, and this is so sad. it could be taken care of. give me a few ships and generals. we have somalia pie rots taking over these largest anchors in the world, and now we have germany who wants to buy the new york stock exchange. think of that. you know what? i'm all for free enterprise, but i don't want germany owning the new york stock exchange. [cheers and applause] as a businessman, i've seen what china and opec have been doing while politicians, and that's all pooing -- politics have cast a blind eye and have state dinners in their honor. what about the chinese president coming over and we give him a state dinner, and we rips us off. me, i would have send him to mcdonalds. [laughter] our country will be respected again if i run and win, and china, oh peck, and -- opec, and all of the many nations that are ripping off this great country of ours will be dealt with very, very differently, and i'll tell you what -- [inaudib

saudi arabia and other opec nations refused to increase oil production and claiming that there was as pushing up prices and point out that opec is captalizing on it. >> our apologies we don't hear from the expert but drivers are trying to stretch a tank so far, they are running out. triple a has seen a 26 percent increase from the motorist. they had run o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o

opec said monday there is a glut on the market. mast its are it could -- estimates are it could produce 10 billion more a day if needed and u.s. oil refineries are only at 81% of capacity. oil companies are raking in huge profits. analysts predict first quarter profits are expected to go up 41%. >> it's an outrage. outrage. >> many are blaming the sharp rise in prices on the commodities future market. two washington senators say there is not enough policing and blame the federal regulators for missing a deadline to implement new rules on excessive oil speculation. >> speculators in the oil futures market bid prices up, betting that things will get worse in the middle east. >> they accept the risk and you pay a premium based upon the risk. >> that risk or fear premium is costing drivers around 35 cents extra a gallon. it's going right in pockets of those speculators. rob nelson, abc news, new york. >>> san francisco motorists will soon be able to pay for city parking by phone. the new technology will follow the roll-out thursday of

was crippled by opec boycott. partly to push americans to conserve gas, the national limit was set at 55 miles per hour. when it was repealed, all road fatalities increased 3%. on rural interstates, a 9% spike. that's a staggering 12,500 extra deaths due to speed. matt gutman, abc news. >> let us know what you think at abcnews.com. >>> when we come back, remembering the man behind this scene, that line that struck such a chord at the time. >> i'm as mad as hell and i'm not going to take this anymore. >> i'm as mad as hell and i'm not going to take this anymore. fibrillation, or afib? l if so, now's the time to talk to your doctor again, even if you're already taking medication to reduce your stroke risk. atrial fibrillation can cause a blood clot to form here, in your heart, that can break free and go straight to your brain, where it can cause a serious stroke. strokes that are twice as likely to be deadly or severely disabling as other types of strokes. but if you're one of the 2 million people who have atrial fi

east investors are also concerned about comments from iran's oil minister that there was no need for opec to hold an extraordinary meeting on a price rise in one of the for the oil price parts. and finally for the first time in five years russian companies that change that barring preferences and turn to the country's domestic market national firms cut their overseas on sales and boosted the ruble down corporate foreign currencies insurance fell almost twenty percent to five point two billion dollars in the first quarter compared to last year on the contrary ruble gone sales jumped almost seventy percent to an equivalent of nine billion dollars that's up to higher oil prices bolstered growth and sparked appreciation of local currency. that's your update for this hour but you can always find more stories just log on to our website dot com slash. the book. is easy. to. see. wealthy british style the best but i didn't write.

east investors are also concerned about comments from iran as oil minister that there was no need for opec to hold an extraordinary meeting on the for the rise and fall prices. and finally for the first time in five years russian companies have changed their pouring preferences and turned to the country's domestic market national firms have cut their overseas sales and boosted their wool debt corporate foreign currency issuance fell almost twenty percent to five point two billion dollars in the first quarter compared to last year on the contrary ruble bond sales jumped almost seventy percent to an equivalent of nine billion dollars that's up to high oil prices most of growth that sparked appreciation of the local currency. that's all for now if you buy twenty five twenty three minutes past the hour thanks for watching. twenty years ago in the largest country in. the sense of a sense of. what had been a tremendous. began a journey. for where did it take the. wealthy british style the sun. spot on the tires. of the. market finance scandal find out what's really happening to the global econom

twenty three dollars per barrel but it seems right now that central banks have a higher weight than opec does when it comes to oil prices because everyone is looking at the e.c.b. rate hike decision which is expected tomorrow an increase of twenty five basis points of the benchmark interest rate and therefore a lot of money is going into the euro out of the dollar and therefore all commodities nominated and all this going up in price. will be getting more from you in about fifteen minutes time thanks. a priest in finland faces being defrocked after describing one of the world's most wanted criminals as a terrorist and he was referring to talk whom are off the man behind the moscow metro and airport bombings among other crimes parties met the churchman whose words are leaving him now accused of inciting religious hatred. yes there is nice maybe the last days these man wears his pastas color you hum while the real face is being defrocked for speaking out against i use the word word dearest they use words. not to morrow and his internet mouthpiece become a center the site was the first to p

about five point five million barrels a day if production were to hold completely that is more or less opec spare capacity at this point of time so from you know in theory you could argue you know they can put on the type quite easily and sort of paris to market but at the same time one has to remember that even three months ago regimes like the egyptian one and the libyan one who considers being stable this creates a lot of uncertainty surrounding saudi arabia which is spending a lot of money to calm down the situation in their own country but as long as that risk is there you would always have this pressure on the world price for short it will be just your political premium whether that's ten dollars for this thirty dollars i don't know but it's going to be there for quite some time. now right to the markets now we start with europe they are low on tuesday both of them back to starting point three percent you can see there a new credit downgrade of portugal for two steps moody's rating agency this is further dampening sentiment shares in the struggling music and games retail h m d a down

one hundred twenty dollars a barrel for crude that's definitely not a small job but it's not cheap opec on one hand has said that they don't feel the need to have a meeting of these are extraordinary measures but we do know that the u.s. has its own oil reserves that the president could tap into that he needed to but i mean how high would the price up to go in order for that to happen well some argue that that's already happening and that's what's fueling obama's participation in air strikes in libya i mean although libya is just two percent of the world's oil that it supplies i mean you have to understand that many analysts believe that because of demand being where it is globally any disruption in supply amounts to major impact in the prices and so on say it out already going on with libya now others are saying that obama should tap into the reserves the seven hundred twenty seven million barrels of oil that the united states has but on the flip side that's a risky thing you know analysts i spoke to say that right now oil prices we've been seeing them jump brant crude over one hundred

the reason and i think it's a little combination of both i mean you look at it two days ago you know opec said that they were going to cut eight hundred thousand barrels per day from saudi arabia because they said we were over supplied and then the next day we hear that crude tops out over one hundred nine dollars per barrel because we're under supplied so who really has the answer president obama is correct it definitely has a lot to do with speculators you know a lot of people don't even realize the read get a majority of our oil from canada we get as much from canada as we do from saudi arabia and venezuela combined so when something happens in the middle east the speculators go crazy in the in the price skyrockets well that's one theory now i want to ask it back to the subject of regulation are you surprised that congress hasn't passed major reform in response to the largest environmental accident and u.s. history. well after doing so much research for the film nothing really surprises me coming out of washington d.c. from either side of the aisle it's you know a lot of people talk ab

i think you make a good argument for donald trump's presidency because he says he's going to go to opec and demand them to start pumping more oil. and fire less maybe in five of the latest wiki leaks release targets the trials and tribulations of get knowledge by trials i mean secret military hearings and admissions that we don't really know if any of the detainees or many of them anyway are guilty or innocent and by tribulations i mean throwing people in detention because they were in the wrong watch so will this latest get more embarrassment finally force republicans in congress to stop blocking the president's efforts to shut down that this little less congress block the president the president's efforts as well simply because they didn't want the prisoners and get most being transferred to the u.s. which is what no one wants i'm not even sure that obama wants that and he started up military tribunals again earlier this year i don't think we're going to get any of these so frightened some americans who are such terrified little see if this is the i mean it's completely irrelevant wha

don't use our brain power we did one thing brain power ok and what would be your one big idea to get opec to start charging so time consuming which was and it's the messenger i don't want to get our feet i read to them a piece of land he paid me one hundred ninety three spirit when it was right for the holy spirit for two years i don't get a lot of news the way and that's what we should be doing mitt romney is a basically small business guy if you really think about it he walked away with some money from a very good company that he didn't create he worked there he didn't create create them but. so although he's embraced burger ism and now the theory that bill ayres was the ghostwriter of obama's first book published shows that people like him so how do you put those pieces together is a frustrated anti-establishment rage that's fueling the polls is it a media machine that allows entertainers to win out in the political field or if all of that is true is that the end of the g.o.p. is a longstanding rules of conduct a revolution within the good old party joining me to discuss that is david

five point five million barrels a day if production were to hold completely that is more or less opec's paragraphs to at this point in time so from you know in theory you could all go you know they could put on the top quite easily and sort of patterns to market but at the same time one has to remember that even three months ago regimes like the egyptian one and the villepin one who considers me still this creates a lot of uncertainty surrounding saudi arabia which is spending a lot of money to calm down the situation in their own country but as long as that risk is there you would always have this pressure on the world that's for sure that will be the stupid little premium whether that's ten dollars for that's thirty dollars i don't know but it's going to be there for quite some time. now let's have a look at how the stock markets are performing japanese stocks move lower with cautious pushing the market down that's right postage to go to will temporarily shut down all of its north american factories do you think shortages of parts from japan shares have to go to holland and this sad h

east investors are also concerned about comments from iran's oil minister that there was no need for opec to hold an extraordinary meeting other for the rise in oil price. that's right there for this hour but you can always buy most tories just log on to a website called slash business to stay. for the full story we've got it from the biggest.

in seven years, it is 2.5 million barrels per day and it cuts opec in half. we get 5 million per day off them and we are paying for both sides of the war. there was a great op-ed piece april 9 of 2010. it said that we are paying for both sides of the war and i truly believe that is the case. we don't look very smart doing that. >> is there anything you have to add? >> i don't like war either. for it andaying losing, what everyone in afghanistan and iraq and what we want in libya? the last time we won the war was world war two because that was the last time anybody surrendered to us. not even grenada surrendered. you don't win unless the other side admits they were beaten. >> i agree 100% on this point guard with to get those people out of afghanistan. >> that would save a lot of money right there a d themeamn right. [applause] >> next time send scientists and engineers and doctors and maybe a few lawyers over to help out rather than send soldiers. the bombs did not do any good. >> let me ask questions from the audience. i will paraphrase in the interest of. t

opec is setting the price of fuel. we have oil all over the place, all over the place, every ship at sea is loaded up with oil and they do not know where to dump it. yet every day we are setting records and pretty soon we will be at to 1 $50 a barrel. the all-time record. when the president says he has no power over that, it is pretty sad. >> is it possible that the country is being led and not by an illegitimate president, is that possible? "i hope it is not possible. i hope we have accomplished a lot of what i have been doing the past couple of months. i hope we can talk about china and opec taking our jobs. i hope we could start doing that. what i would do differently is come down really hard on opec. if you look at these nations, they would not even be there if not for us. the ticket look at kuwait, we handed kuwait back to the people. they essentially on kuwait. it is really ownership more than anything else. you look at these nations, saudi arabia, we protect them. then they want to raise the price of fuel, it is