united states like opec. and certain other countries, by the way, have been abused by opec to a large extent. second to opec would be china. and if we don't stop that, we are not going to have a country. >> i asked you about the difference between governor palin and representative bachmann -- i don't want to be sexist and pit the two women against each other, but in terps of leadership skills like michele bachmann who won the straw poll over the weekend. how do her leadership skills translate and how do you compare it to the men? >> michele bachmann was in trump tower one month ago. i was very impressed with her, i have to tell you -- >> greta: why? >> her demeanor was absolutely great. her way was wonderful. i thought she was terrific. i think she ran a fantastic campaign thus far. people who were taking her lightly are not taking her so lightly. sarah palin we know. the question with sarah is whether or not she is going to run. and i personally think no. yet, there are a lot of people who like her. you look

second to opec would be china. if we don't stop that, we are not going to have a country. >> greta: i asked you about the difference between governor palin and representative bachmann. i'm curious in terms of leadership skills or what you look for even like michelle bachmann who won the straw poll over the weekend. how do her leadership skills translate into being effective and how do you compare it to the men? >> michelle bachmann was in trump tower, one month ago. i was very impressed with her. >> greta: why? >> i thought her demeanor was great. her way was wonderful. i thought she was terrific. i think she ran a fantastic campaign thus far. people who were taking her lightly are not taking her lightly. sarah palin we know the question is whether she going to run. i think no. yet there are a lot of people that like her. she is popular in the polls, certainly in the republican party polls. i don't know whether or not she is going to run. >> greta: bring the men in. think pawlenty it was great he dropped out. he mi

is there something we should be doing to go to opec members, but not opec members?mber the majority of production comes from non opec members, to see if we can generate more spare capacity, because that is a good signal to the market if we self-made because of people's fears. we looked at it in the short- term and the medium-term and i long term basis. the most powerful message we have is that the united states of america has more oil than any other country in the world that we know of. more than saudi arabia. we've been holding ourselves back from producing that oil. this is a key stimulation to convince members of congress that it is time to get off the dime and put the message of let's produced more domestic product to meet the needs and to create american jobs, and all the powerful signals. this does not happen overnight. we used to promote -- we to produce 10 million barrels in this country. -- we used to produce 10 million barrels in this country. i think we have to equip its him with a 10-year time horizon. what about the immediate future? i think it is time

is there something we should be doing to go to opec members, but not opec members?e majority of production comes from non opec members, to see if we can generate more spare capacity, because that is a good signal to the market if we we end up with people going up to top up their tanks and suddenly we are in a critical shortage, self-made, self made because of people's fears. here are some of the powerful messages. we look at it as susan said short-term, immediate term and long-term basis. the most powerful message we have is that the united states of america has more oil than any other country in the world that we know of. more than saudi arabia. we have simply been holding ourselves back from producing that oil. i think this is the key stimulation to finally convince members of congress that it is time to get off the dime and really put the message out there of let's produce more domestic product to meet the needs of the nation, to grow our economy and create american jobs and all of the powerful signals. does that happen overnight? no, but let's equip the presiden

is there something we should be doing to go to opec members, but not opec members?emember the majority of production comes from non opec members, to see if we can generate more spare capacity, because that is a good signal to the market if we is stimulation to find convince members of congress that is time to get off the time and really put the message out there to produce more domestic product to meet the needs of the nation, to grow our economy, to create american jobs, and all the powerful signals. does that happen overnight? no, but equip the president to say that we need to produce 10 million barrels a day in this country. as go back to producing that as a start and deal with alternatives and open standards down the road, which is another set of solutions, so that we are not dependent on oil per say. we need to go to a 10-year time horizon and walk back to that immediate future. i think that is time to engage the oil companies to get them involved in getting some of the messages out there about how they see the future prospects. starting with the message that t

is there something we should be doing to go to opec members, but not opec members?ember the majority of production comes from non opec members, to see if we can generate more spare capacity, because that is a good signal to the market if we can do it. >> we have to equip the president with very powerful messages. his powerful messages will calm a lot of people plus fears. the worst thing that can happen is we do not have strong messages, we end up with people going out tomorrow to top off their tank. here are some of the powerful messages. we look at it as the short term, medium, long-term basis. the most powerful message we have is the united states of america has more oil than any other country in the world that we know of. more than saudi arabia. we have simply been holding ourselves back from producing backup oil. as a is a key simulation to finally convince members of congress that it is time to get off the dime and put the message out there of let's produce more domestic product to meet the needs of the nation, to grow our economy, to create american jobs, and

opec is about 5 of that. we could take a bite out of that >> john: mr. dean says one of the proponents it refuses to put anyone at risk. >> john: let mee him ask directly. the cars are smaller. 2,000 deaths a year. is that proof? >> not necessarily a smaller car that we're talking about. you look at the chevrolet ri malibu, that is 3500 pound car. getting 33 miles to the gallon. we believe detroit can do this. we have faith in them. we can build in this country a day.... >> this is not a question of faith. the point is if you put technologies in a large heavier car that car will be safer still. the auto insurance industry of all the players in this game have the most direct stake in accurately noting how crashworthy they are because they insure them. if you look at brochure how to buy a safer vehicle, the first two factors are size and weight. >> i read the report just like you did. [ applause ] >> it cites a lot of cars that out there. chevrolet ri cruz is a safe car. >> it's one of those cars that model is not going to have spare tire because gm had to

>> you mean this is the opec licensing? >> yes. >> when we debated the issue on deliveries into the territory, the debate was on the payment of convoy fees in order to allow feeding into those areas. the second thing is what were they using the money and funding for? that became a major concern. is through this effort of feeding also contributing to greater instability? that became a great debate. the problem comes in right now is with the father and mother anyone or -- famine or acute nutrition, how do you open up the capabilities of ngo's and explore opportunities to allow them procedurally to get into the areas faster and quicker with food deliveries? with all the openness, will they allow them to enter? ethiopia and kenya tried to open up corridors for feeding or pushed into somalia, but even those are not sufficient enough given that those are still remaining in secure areas and dangerous. it becomes a big problem as how do you engage, open corridors, how do you begin to feed in those areas where peel 50% of those in n

they are in total cahoots with opec, and nobody, including china has abused this country like opec. when the oil companies are paying very little tax, i would tax them and i would tax them very happy. that i can tell you. >> so they would lose -- exxon mobile, they are making billions of dollars -- donald, old on a second. does exxon mobile need government subsidies making tens of billions in profits? >> absolutely not. it's absolutely insane to think that exxon mobile is getting subsidies from the united states government. that's absolutely insane. the oil companies have not been doing their job in terms -- in terms of what is good for this country. if you look at what i am seeing, and i am looking at some subsidies that they get, and when you look at exxon mobile and some of the other oil companies, every one of which is making money like nobody has ever seen made before, and -- >> here is another example. >> and on top of that, they are in cahoots with opec. >> two other examples, and you tell me if you think this is some area where increased revenues for the u.s. government for

well, she likes to say during her campaign stops that she wants to reverse the strangle hold that opecthe united states and put a strangle hold on opec and she proposes to do that during her speeches by exploring energy opportunities in the u.s. so in iowa she likes to talk about shale. >> all right, jamie, good to talk to you. thank you. >>> at bachmann campaign events, as jamie just mentioned, you can count on hearing music, specifically elvis' "promised land" her theme song, seeing the big blue bus, you can count on frequent mentions of waterloo, iowa, where she was born. now incidents of bachmann staffers allegedly roughing up reporters are also making news. take a look. >> don't ever do it again. do not put your hands on me. >> i asked her very respectful questions about her performance last night, where does she think she's going to end up on the straw poll. two of her staff members, two blond women you see in the video, the one in the white dress, one in the black dress, started elbowing me and pushing me through the crowd and her husband marcus did the same thing. he even pushe

down as much as $500,000 barrels a day by opec themselves. >> susie: now what about these international oil companies that shut down their operations back in february when all of these rebels were picking up steam. now there's talk that they may be going back and returning it to libya. do you think that they will, given that we really don't know the economic orientation of the new regime? >> i do. and i think they're going to be for the most part welcomed back. you know, they did clear out ahead of time, ahead of all the conflagration. but both the rebels and qaddafi to the end were working on ways of exporting oil to generate hard currency. this rebel group, the ruling council's five parties, five tribes, basically, that have to try to hold this country together, they're going to need the money. they want the money. i think the money in this case will solve most problems. we've got to hope the in-fighting doesn't start now amongst them but if we can get past that, if they can legitimately find a way to spread the wealth the way qaddafi did, even, there's a model there for this, this oi

so they are having to pay higher prices and at the same time their dollar is being discounted by opec, other international producers because it's weak evening measurably. megyn: who is doing it? is it the oil producers, the refineries? is it the gas station? >> well, it is the so-called downstream components, that is the distribution, the marketing of crude oil. it is upstream, which are the producers whether they are opec or whether they are one-third of our energy, our petroleum production is domestic. so it's happening across the world on every level of production that gets that crude oil from the ground into your gasoline tank. megyn: you know, it makes me think about this term that i don't really like to discuss on this show because it makes my head just go haywire, which is this quantitative easing. >> oh, boy. megyn: listen, if i know that term and i'm using that, then something is wrong with the world. even i understand that it's basically printing money and pumping the it into the system. and people like you who know what they are talking about is that that causes a problem i

exporters hong kong's hang seng is supported by stronger energy stocks china's refining giants and opec growth will most five percent after posting strong first half results but the estimates. now europe markets are open strongly in the black tracking overseas gains the dax is up more than one and a half percent the footsies closed for public holiday. and russian markets stop but we kind of positive notes the r.t.s. is good. over two percent and. over one and a half percent now a quick look at some individual channels otherwise ics banking stocks are among the main game is this hour with spare bank up over two percent meanwhile retail chain seven continents is also on the rise that's after its parent company x five group posted fifty percent income growth in the second quarter and truck make it come us is gaining as well the company posted at three in a half million dollars second half net profit against almost thirty million dollars losses last year. now as markets travelling in a turbulent role and nash from verna capital advisors to buckle up with more liquid stocks i think at the mo

trade at one hundred six dollars a barrel slump is due to the potential for resumption of exports from opec and believe me there is a six month civil war here close to an end w.r.i. is hovering at eighty two dollars a barrel as you can see and a quick check on the precious metals gold has slightly retreated from its new record high level as the certainty of the global economies pushing investors back to safe havens spot prices now at one thousand eight hundred and eighty eight dollars per ounce and silver is also up its meaning about two percent the size. and age of the nikkei has touched a new five month why was the worst of all the u.s. economy upset signs that the japanese authorities stand ready to quell any further against strife and of course the strong young easy way going to supporters intro carol choi it's almost two and a half percent master dropped more than five percent. european markets bounce back from earlier losses where the prospect of a double dip recession in the u.s. and europe is still weighing on the markets. something onto russia here the indices are extending the los

exporters meanwhile hong kong's hang seng is supported by strong energy stocks china's refining giants see opec rose almost five percent after posting strong first half results at best. and one hour ahead of the opening bell in moscow let's look at the russian markets closing figures on friday the session and it in the black b.r.c. has rose almost point eight percent bottom line six gained over three percent. it promises to be a fairly quiet week for the russian markets there will be shades of disappointment that the chairman of the federal reserve did not announce new stimulus measures on friday and on nash wrong there are no capital believes that the focus will shift back to the troubled state of europe's economy. emerging markets will be disappointed by what happened on friday i really enjoyed q e two you know it's had a fantastic period of performance off the q.e. two i think now markets will start to emerging markets will start to focus on what's happening in europe actually because that is really where the risk is at the moment russia's stock markets will probably be pretty much flat i do

was from the opec member transplant is trading at one hundred eight dollars per barrel while the government is just a notch below eighty five dollars a barrel and so quick look up the precious metals gold is trading at another all time high of one thousand nine hundred dollars. like safe haven ass's continues and silver is also well it's trading at forty three dollars. asian shares are inching higher as overnight gains on wall street and european markets improved investor sentiment here and gallucci was ahead of the opening bell here in moscow the markets managed to close in the black on monday marty has gained point two percent while the mice are close by a third of percent. ok look at it head to the trading day tony monday from a screeching investment boeing says u.s. economic data and events in libya will be guiding market sentiment. investors and russian markets we focused on the key story of the week which is going to be. coming out of the u.s. at the end of the week that has us second quarter g.d.p. revision as well as u.k. but the big story of course is jackson hole on friday will be

dollars on monday to below one hundred six a barrel on the potential for resumption of exports from opec member libya as a six month civil war there appear to be close to a learned. is hovering at eighty one and a half dollars per barrel. and asian shares are in the red the nikkei has touched a five month low as wars bought the u.s. economy offset signs that the japanese authorities down ready to quell any fear of the strength of the strong yen is of course weighing on exporters in tokyo toyota is losing two and a half percent mazda has dropped more than five percent yet. the prospect of a double dip recession in the u.s. and europe are having european traders reaching for the sell button and as you can see the foot sea and the decks are both down about half a percent now moving to russia driven tray and is again dominating the russian market the into says off of extending losses the r.t.s. has one to two and a half percent in the first hour of monday's trade my six is one point two percent lower. time to check up on some of the individual show on the my six energy majors are losing prob

purposes we will hong kong's hang signs is supported by strong energy stocks china's refining giants and opec rose almost five percent opposed to a strong presence humpers all the students. and two hours ahead of the opening bell in moscow the russian markets and in friday's trading session in the black beyond his rose almost twenty eight percent call them isaac's gain over the percent. it promises to be a very fairly quiet week for the russian markets there will be shades of disappointment that the chairman of the federal reserve did not announce a new stimulus measures on friday role in national capital believes that the focus will shift back to the troubled state of europe's economy. emerging markets will be slightly disappointed by what happened on friday they really enjoyed q e two you know markets had a fantastic period of performance off the q.e. two i think markets will start to emerging markets will start to focus on what's happening in europe actually because that is really where the risk is at the moment russia's talk about kids will probably be pretty much flat i don't expect it t

exporters meanwhile hong kong's hang seng is supported by strong energy stocks china's refining giants and opec rose almost five percent after posting strong first half results that beat estimates. european stock markets open sharply higher on monday carrying on gains from asia though trading is thing and as long the markets are closed for the holiday markets are also in cars following on and downs on wall street on friday after that ben bernanke and speech financials are leading the game societe generale up three and a half percent and up three point nine percent. and here in russia markets stop the week on a positive note as well as this gaining over two and a half percent on the my xix is up one point six percent a quick look at some individual shareholders on my sex banking stocks among the main gainers the solid spare bank of up over two point. four percent truck make a come os is gaining as well the company posted at three and a half million dollars second happen at profit against almost thirty million dollars lost as last year and retail chain seven continents is also on the rise that's

one point seven dollars a barrel the slump is due to the potential for a resumption of exports from opec members a number leave yeah the six month civil war there appeared close to. around eighty three dollars a barrel and a quick look. the precious metals gold is up more than one percent stops up to touching an all time peak one thousand eight hundred ninety four dollars it looks like safe haven assets continue and silver is also obvious gaining over two and a half percent the sound. despite a negative opening the footsie has made a u. turn slide into the black gaining over two percent this hour of the dax is off point one half percent the gains for both indices games come despite losses and asian markets early in the day and on wall street on friday. and the us in the series of the solidly bounce back from earlier losses were the odds he has gaining point six percent while the wise ics is up point eight percent. to time to check up on some of the individual share moves on the rise ex post energy majors bounced back from earlier losses with wall snapped up around four percent point four

hundred and six dollars a barrel the slump is due to the potential for resumption of exports from opec member leave here to six months to build more verbiage close to an end w.t.r. is hovering at eighty two dollars a barrel and a quick look at the precious metals gold is not one point five percent that's after passing an all time peak at one thousand eight hundred ninety four dollars a flight to save haven as its continued and silver is also up two percent this hour . with the bears aggressive return the european markets have their recent decline if we see has made a u. turn into a quiet after gaining one point two percent and the praxis what's the gains of both instances came despite losses in asian markets early in the day and on the street on friday. and the washington this is a mixed this all the r.t.s. has slightly retreated from earlier losses however it's still in the red one of my six is thought to positive there's some time to check up on some of the individual show moves on the my six most energy major this is still trading in the red one week of crude crossing after shatteri

masses continue to i developments in libya for indications on the restart of oil exports from the opec member brands blend is trading at one hundred eight dollars per barrel while the just a notch below eighty five dollars per barrel and a quick look at the first metals gold is trading at another all time high of one thousand nine hundred dollars flight safe haven ass's continued silver is also up it's trading up forty three dollars for. asia shares are inching higher as overnight gains on wall street and european markets improved investor sentiment here and finally two hours ahead of the opening bell here in moscow the markets managed to close in the black on monday march he has gained point two percent one of them i suppose by a photo percent. going to look at it through the trading day tom monday for much create investment bank says u.s. economic data and events in libya will be guiding market sentiment. investors in russian markets we focused on the key story of the week which is going to be the data coming out of the u.s. at the end of the week. second quarter g.d.p. revision as w

trade at one hundred six dollars a barrel slump is due to the potential of resumption of exports from opec members read here as a six month civil war there appear to close be close to an end w.t. eyes hovering at eighty two dollars a barrel. and a quick look at the precious metals gold has jumped one point nine percent to one thousand eight hundred eighty seven after touching an all time peak at one thousand eight hundred ninety four as a flight to safe haven assets continued and still is also up it's gaining more than two percent of the sound. and with the bears aggressive pretend the european markets have halted their recent decline the footsie has made a u. turn into like gaining one and a half percent the solid texas up over half a percent against both indices came just five losses in asian markets down in the day and on the street on friday. now the russian indices a mixed some of the r.t.s. a slightly retreated from earlier losses now it's still in the red and my sense is a thirty two percent up for some. time to check up on some of the individual show moves on my six month energy ra

a list of international agencies and opec thought just you know a couple months ago so if divonne is not going strong why is the price fall in consistently over the sessions today notwithstanding. the simple reality that the current we all prize them doesn't have much in common with the demand and supply the point there is the crude oil is not a commodity not a raw material anymore it's the financial assets of the same as you know gold equities or sounded like so the main reason for the oil price you know decreases or increases with spikes lies not in the supply demand area so i suppose enough sense is possibly quite difficult then to predict how the price of oil will progress for the referee twenty eleven and how do you see it developing do you agree with. well absolutely it's absolutely hard to predict and basically i don't think now willing to have this should be asked for the oil price. for cars today would mark rohr who could probably. know better what we will see in liquidity . currency exchange rates and sounded like oh i hope i know the impact we will see the rise. i wanted t

one hundred seven dollars a barrel as long as two to the potential for resumption of exports from opec member states not civil war there it's close to an end w.t.f. is hovering at eighty three dollars per barrel and. precious metals gold is up more than one percent that's after touching an all time peak at one thousand eight hundred ninety four as a flight to safe haven assets continue to rally somewhat is also up it's gaining one point four percent the south. negative opening the footsie has made a u. turn into black gaining one point nine percent the style of that says up point four percent on the gains of both came despite losses in asian markets. on wall street on friday. the russian indices up to solve my six is hard for a percent in the black and the r.t.s. is valid but. i want to check up on some of the. the vigil showed six most energy may just panels but from the losses before snuffed out around point four percent meanwhile neural snicko is continuing to lose ground after thinks cut its rating to below investment grade that's because of its shareholder disputes and a delay in

that is good news they will continue to drop for several months there is always the possibility that opec could cut production that could keep prices close to where they are, now. and ultimately, jobs. with a 9 percent unemployment rate. if the downward economy could force companies to cut back. some people say that jobs are coming but that trend could continue. four different ways that this could impact you. j.r. stone, kron 4 news. >>catherine: we asked viewers on questions. michael shannon felle >> the cool-- >> when will the stock market recover nicole. >> what a very difficult question. i do not think that people should be looking at when the but if now is a good time to purchase stocks. if it is a program for your financial situation? and yes. also i would be looking for names that are very inexpensive. >> should we sell or wait? >> i think selling or purchasing is a personal decision where you are in your personal life. how much money do you have. do you have significant savings. these are all important questions. >> is recovery depended on the europe? >> to a certain extent, yes.

pulled a knife on them tetes' her, took her into custody and that is when they noticed an abuse 14 your opec she has been charged with animal cruelty, vandalism and banishing a weapon. new details about the police chief of the oakland public schools. the school district announced that he has retired from the force effective today district officials say that his retirement will close the investigation into allegations that he used a racial slur and aimed at his subordinates while off duty. this is not the first time that he has faced troubles. he was forced to resign from a state justice department job back in 2007 after crashing his state own vehicle and being cited for misdemeanor drunken driving. >> sergeant paul stargic was shot and killed and 2008 now the state has renamed a portion of the roadway. now this is what you see it is being renamed, and this will now be named after the officer that was shot just above his bulletproof vest back in 2008 after responding to a call of a gunman and a hair salon but he returned fire and was able to kill the gunmen that police say likely save the wom

if i were in that position i would attack china and then go after opec big league. tremendous .now. you have oil all over the seas and thankers don't know what to do and it is still at 85 or 90 in a almost depression. >> mike: you would push for more drilling off shore. >> off shore or on shore. you would have drilling and it is so hard to drill. good people in the business. they want to drill here and they can't get permits . the environmental protection agency, they make it almost impossible and i am not just talking about drilling. you want to build a project it takes years to get permits because of the environmental folks. >> mike: i want to mention. barack obama went to brazil a few months ago and said he wanted to be their best customer and talked about two billion ready to spend to get their oil. >> we are spending money to get oil from brazil and guaranteeing loans in brazil. it is incredible. the things we are doing and a friend of mine want to buy an airplane. he want to buy a three million dollar airplane. it is made in brazil. what do you mean brazil. ip am getting t

they are manipulating their currency so it is very hard to compete if you look at is going on with opec. with everything happening, with bad economies, you have 100 oil. now it starting to come down. i did your show when it was $148 a barrel. you can't have oil and the blood of the country you can't pay that kind of numbers. these 11 guys sit around the table and set a price of oil. the price has nothing to do with market or market conditions. you have ships all over the world loaded up with oil they don't know what to do with it and we are paying these prices. ultimately, the oil kills us. and our lack of leadership is killing us. >> greta: you say lack of leadership. you say the president doesn't have a clue. i'm curious what you think about the fact that congress is on recess. every year they have this recess. many working hard but they are not here in washington. they are not sending the message to the american people. should they be back here or are they doing the best they can under the circumstances? >> if there is anything positive about the standard & poor's report and downgrad

an hour ago, opec slashed prices. the oil is lower this morning. trading up $80 a barrel. honda saying it may revise the full year profit forecast when it revises the earnings in october. they say it depends how long the current market turmoil lasts. >>> living social members in california are founding the daily site. they study trends from vouchers in the second quarter and say from april to june, the members scooped up massages, also mexican restaurants were numero uno, overshadowing sushi and cupcakes. golf excursion beat out wine tasting. i'm jane king. >> that's all before the market started tanking again. we thank you so much. appreciate it. >>> 6:46 now. kite surfer is safely back on dry land thanks to alameda firefighters. the man was tangled in the line of his kite in the bay offshoreline drive. fire department rescue boat and rescue swimmers raced out to where the man was sitting on the surfboard trying to get untangled. >> he was becoming tired and we offered assistance. he was refusing our help at first but we convinced him it would be in the best interest to a

. >> i'm curious, john, have we heard anything from opec? the oil group throughout the recent events. >> yeah. they've kept a low profile. it's interesting because of the live coverage we did back in june. right before that meeting, about a a week before the meeting, a veteran of the libyan oil business and of the libyan natural oil company stepped down as a sign of protest of moammar gadhafi. he was replaced by a man running the operations until the last week. he went to tunisia, apparently to talk to a number of the oil majors to see how long it would take to come back into the country. he's decided to remain outside the country. right now we're dependent on the tnt, the transitional council to see how fast they can have the dialog with the oil majors, how long to assess the fields and there's discussions taking place for example in the uae to see how they could facilitate getting the production back up, as we suggested 400,000 to 500,000 by the end of the year. to get to the 1.6, we know the world needs this crude, the only benefit from t

and, frankly, the oil companies really facilitate opec. the worst abuser w whave is opec. oil should be selling at $25 to $30 a barrel. george, the biggest problem we have. every time this economy gets a little bit of a head of steam they raise the oil prices on us. >> it sounds like this is where you part company with the tea party and many in the house. you would be willing to close those loopholes. >> absolutely. when explained to the tea party i can't imagine anybody is going to stick up for exxon mobil or some of these big oil companies making a fortune and paying relatively little in taxes. >> trump didn't sign on to buffett's plan. while he says he may be willing to pay higher taxes, his corporate colleagues are not. >> yeah, i'd be willing. i'd put country first. a lot of people don't necessarily put opportunity first. they're not necessarily patriotic. in many cases they're not patriotic. they're business machines and say, thank you very much, i appreciate you letting us know. we're moving to switzerland. you know howow much you get if they do that? nothing. >> mo

opec with the oil prices. used as a tool. >> the american embargo on cuba. >> right. >> it doesn't really work. the second question is when should a country into fair in the affairs of another country? we have those questions right now, and it is a question that was really on the minds of the british. and sometimes there is no right answer. >> no. of course, no answers for every situation. we are getting down toward the end of our conversation. let me go back to your previous life and ask you what role, if any, do you think racism played in british attitudes one way or the other? did people talk about it during the civil war? was there attitude toward slavery in a sense overlaid with racist assumptions about black people? how were they portrayed in the british press? to raise come in as a factor? racial attitudes in the debates over the american civil war? >> they began to laugh have quite a significant impact in mid 1863. there was the death knell logical society. over the question of race and what it meant.

we can think of many times in the last 50 years opec, where the embargo has been used as a tool. >> hostmerican embargo on cuba has been going on for 50 years, but they still seem to be in power dynamic. >> guest: the second question is when it appears in the effects of another country. we have those questions right now and it was the question that was really on the minds of the british then and sometimes there is no right answer. >> host: of course i'm in no answer is true for everest should ration. circuiting terzian of their conversation, let me go back to your dsl, your previous life and ask you what role as an aid to you think racism played in british attitudes one way or the other? did people talk about it during the civil war, whether their attitude toward slavery overlaid with racist assumptions about black people or how we're back people portrayed in the british press? did race come in at the fact, racial attitudes in the debates over the american civil war? >> guest: they began to be raised in a significant way by henry hot in the mid-1863 and there was the ethnological society

i'm for all of the above and i'm for american energy independence, not dependence on opec. >> okay. bachmann wants to drill, baby, drill in america. coop -- keep using coal and frac for natural gas. folks, those are the same policies president george w. bush used to push gas prices to a record $4.16 a gallon back in july of 2008. bachmann says she wants an all of the above energy policy that includes wind and solar. but check it out. bachmann voted against the energy and job creation act of 2008. the bill included a sick-year extension of the investment tax credit for solar energy. aun a one-year extension of the production tax credit for wind energy. what's she talking about? the fact is bachmann is grasping at straws right now. she knows that rick perry has stolen her thunder and she needs a game-changer. a brand-new poll out of the iowa shows that bachmann is in third trailing perry and mitt romney. congresswoman bachmann, let me give you a little bit of free minnesota nice advice tonight. there's a way to drop gas prices right now. just take a page from the only socialist in the

i'm for all of the above and i'm for american energy independence, not dependence on opec. >> okay. bachmann wants to drill, baby, drill in america. folks, those are the same policies president george w. bush used to push gas prices to a record record $4.61 in 2008. she wants an all of the above energy policy that includes wind and solar. but check it out. bachmann voted against the energy and job creation act of 2008. the big included a six-year extension of the investment tax credit for solar energy. and a one year extension of the production tax credit for wind energy. what is she talking about? the fact is bachmann is grasping at straws. she knows that rick perry has stolen her thunder and she needs a game changer. a poll out of iowa shows voters are showing that bachmann is in third. congressmanbaklac bachmann, the way to drop gas prices right now. check it out. the independent senator from vermont, bernie sanders this gentleman has been banging the drum for the commodity futures trading commission to do something about rampant oil speculation for months. on friday, the senator

opec, for example, oil prices where this embargo has been used as a tool. >> host: well, american embargo on cuba has been going on for about 50 years, but they still seem to be in power down this. >> guest: right. it doesn't really work. the second question is when should a country interfere in the affairs of another country? >> host: right. >> guest: we have those questions right now. and it was the question that was really on the minds of the british then. >> host: right, right. >> guest: and sometimes there is no right answer. >> host: no, of course, there's no answer that's true for every situation. um, let me just -- since we're getting down toward the end of our conversation, let me go back to your d fill, your previous life and ask you what role, if any, do you think race, racism played in british attitudes one way or the other? i mean, was race, did people talk about it during the civil war? was there attitude towards slavery, in a sense, overlaid with racist assumptions about black people or how would they, how were black people portrayed in the british press, you know? did race

>> it would be very painful for china and opec.ries that are just ripping us off. when you look at brazil and all of these countries. we gave $2 billion for brazil to drill oil wells in brazil! it's hard to believe. so well i just appreciate mike huckabee very much. >> eric: what should geithner do? >> i think he should move to another position. i think he should go into the private sector because he certainly hasn't told this nation how to get rich. i think it's time for a change. obama always said, time for change. you know what the change is? close to default, downgrading, lots of other things. we had some change with obama. i think it's time for president obama to bring in somebody new that knows what he or she is doing. >> gretchen: but that would be admitting that tim geithner failed. >> it's hard to say we're doing great. >> steve: you definitely wouldn't take it, even for 90 days? >> i wouldn't say. honestly, forget me. obama should be calling the smartest people we have in business. >> steve: mike huckabee thinks you're a