you can visit the country according to opec sits on the world's largest oil reserves to produce two point seven million bottles a day the commitment made like unto him that each country but somehow they put in time and money the country. today i was a beast of a lot of people have come out of poverty in the past decade with how i went to compass few times and i called it in the predictions that nice when you are a compass to works of wood for the coup on the mobile phone to reach the keys divide it into. and dom. but i think. they did the regime that is the blame for what's happening. because they hop from one like in nigeria then how the and they come on and on to the content likes of the people and doing some extent. in a statement the problems that are that dennis will is facing a manner causing that the protests now are not selling you the violence has been around for on for quite some time to cross the criminal violence has stated a violent and scary in the streets. and the economic problems in terms of inflation and things like that have been around now for quite some time been ther

as to opec, opec is one of those things -- everyone has written the obituary of opec more often than can remember. wishful thinking says we would like it to go away. indeed, one of the founding members is about to decouple its industry from control. i think the main point is for opec is not a well oiled machine but it certainly responds when things get tough for people whose livelihood is based on oil. from time to time, it comes into the frame to say enough is enough. that is very much in the hands of saudi arabia primarily. i think it would be wrong to say it is dead. it has actually been in use for some time. >> let me ask you a final question and then we will ask our colleagues to chime in. i have read some commentary that suggests that with less or no american independence on energy from the middle east, retrenchment is possible, advisable even from there. what is your feeling about that? >> the study that we conducted addressed that exact question. he answer is even though american production of oil gives us more options, does not give us that option. the oil market is still an

. >> charlie: what does this mean about opec's power? >> not a lot, really, opec is still there. its obituary is written from time to time, but these are the nations solely dependent on the price of oil, or many of them are, and they will act when the price offoffoi of oil is too wey will restrain production. they haven't had to reenltsly because the price of oil is going up steadily. the cost of producing the oil is actually going up so people need to make a bit of a margin. >> charlie: and you expect that to continue to what point? >> well, i think it's going to hover around -- it's very difficult to say what the price of oil is. i spent 45 years avoiding telling what the price is but i think it willhofer around this level. >> charlie: but you have to make economic assumptions and you had to at b.p. about what you thought the price of oil would be. >> i think in a broadband you do that. the important thing in oil and gas companies is it's not just the price to have th of the pros the cost of getting it out. >> charlie: activity can change that. >> it can. it takes time. >> char

. >> what does this mean about opec's power? >> not a lot. these are the nations that are solely dependent on the price of oil. many of them are and they will act when it is too weak. they can do that. they haven't had to do it recently because the price of oil has been going up pretty steadily. the cost of producing the oil is actually going up so people need to make -- >> you expect that to continue at what point? >> it will hover around -- it is difficult to say with the price of oil is. i have spent 45 years avoiding it. i think it will hover around this level. i think you do that. the important thing in oil companies and gas companies is that it is not just the price of the product, it is the cost of getting it out. >> productivity can change that. >> it takes time. >> technology can change that. >> right now, the margin is constant because the cost extraction goes up with the price. >> if you believe that alternative fuels are coming on stream faster than we expected -- although we thought it might happen some while ago and it didn't oc

. >> you say women should have anw opec of sex?mean the logical sort of conclusion -- >> opec is the oil cartel in the middle east? >> right. it's the idea that you could have collusion. if a woman next to you is willing to go to bed with a guyb after one drink, and you're saying well, i want commitment,y you're going to lose. >> women should get together? >> right. women could get together and say, look, we decided to raise our prices.we >> a woman h said she was doing porn to pay for college and you object to people saying this iso empowering. >> i think it's just horrendous. you have this woman, she's a woman studies major, of course. and she goes on-line and shes explains that this is very empowering for her.la >> she makes money doing something that's not that>> difficult. >> they're used. they contract std's. >> some do. >> i'm not going to get into an argument about legalized prostitution. >> it's porn, not prostitution. >> it is prostitution, essentially. they're getting paid to have sex. it just happens to be on camera. th

>> well, essentially because the oil was stolen from an opec nation. libya san opec nation.rth korean flagged ship had 234,000 barrels of oil on board. if it hadn't been sold, u.s. military sources say there was concern it could have led to a large oil spill in the mediterranean sea. the ship was parked about 18 miles off the coast of cyprus in the eastern mediterranean. about 30 u.s. navy s.e.a.l.s from s.e.a.l. team two launchesed mission from the "uss roosevelt." the entire mission was bloodless. it took about two hours. the s.e.a.l.s boarded from ribbed vessels from the sea and surprised the three-man libyan crew around 10:00 p.m. eastern. the oil tanker is en route right now as we speak to libyan waters. it's being escorted by the "uss stout." the three libyan detodainees ar on board and will be handed over when they arrive. but it's important to remember what has been going on in libya of late. the libyan government attempted to use its navy and air force last week to retake the stolen oil tanker. when it failed, the libyan parliament voted no confidence last tuesday i

the united states has oil reserves that if we access them, we could put all of opec out of business.fact. if it were me, frankly, i would have king abdullah in one of his 747s make the trek to the united states, hat in hand, and kowtow to me as president of the united states and beg me for military support and for protection. instead what we have is arguably the weakest president in the history of the united states -- that is not rhetoric, it's a fact -- who has sacrificed our national security by going around the world, his hat in hand, which means your hat and my hat in hand, making us look weak and pathetic and asking them for help. that is wrong. >> you would be a very different type of president. i don't know if that's good or bad. you could play it, if you have a sinister mind, republicans and democrats we might come in with deliberately -- so the saudis know that we will never get so independent on oil that they will be without a big old customer and we will not be able to work off each other's leverage in a vital region of the world, and now to one-up and play with the chines

is importing significantly less oil from opec countries, the saudis still have leverage. >> it's their place in the oil market. because what happens is, the saudis are the ones who have the capacity to expand and contract production, depending on what the market bears. >> the saudis feel increasingly concerned about its place in the region. >> the saudis are worried that the united states and iran may have some sort of detente, and that iran make take the place of the saudis. >> reporter: president obama is expected to send the message that the decade's old alliance with saudi arabia is still the center of u.s. foreign policy in the region, and will be regardless of who else he talks to, or the amount of oil his country buys. >>> ousted ukrainian president calling for more parts of kruk to secede and joining russia. president obama saying the priority is stopping russia from going any further. but for now crimea is part of russia, and whether it still should be is being debated. >> reporter: juke's acting president expressing concern about the right-wing group that amassed outside of p

we see the same situation with opec. everybody said the u.s.produce enough natural gas and opec thought they would cut off supplies. guess what happened? after they did, we used less natural gas and opec was taught a lesson they will never forget. russia may have overplayed it. if this unleashes the united states energy product potential on the world, it could really damage russia's economy. you know, and really, we should have saw this coming. russia has shown many times before, it will use energy as a political weapon. it's done it before. jenna: instead of ukraine. >> yes. it's done to ukraine, yugoslavia. jenna: and it's in the middle of the winter, by the way. millions of people are impacted by it. let me ask you this. give us some time lines of two, three, five years to be an exporting power when it comes to natural gas. what do you think is the most accurate time line? >> well, we're going to have some terminals up in 2018. if we can staff frack some of these terminals, it will take five or six years to build the terminals but the sooner

the three top elected four percent meanwhile opec will have to survive more than four times decreasing forty five billion and ninety nine to two hundred ten billion dollars in two thousand thirteen. yet that the failure of two weeks to live up to the report was because the enviro was introduced to the fair competition. the country's legal system cannot guarantee that minority shareholders protect their own right therefore just had to be a precondition to cut the mit enterprise is accused of helping the country's legal system and ensure minority majority shareholder with more panicked. it's just that it would be better to develop golden share ownership of the mixed ownership the government will need to hold it in bulk one percent thought. golden chair and give the government to write out the other shares. she did the golden temple the government out of the company's daily operations. a teacher from touching revenues. what did he added. the golden share ownership can improve it. we look at all but guaranteed of a controlled the company the content between argument that he owned enterpris

. >> what about opec isn't affected in the long-term by these developments? >> most important thing is natural gas. if you think about the u.s. situation with natural gas, for the unit of energy it is 75% cheaper than the energy that comes out of oil. 75% discount. and this is dramatic. so anyone who is dependent on expensive gas that is priced on the same basis as oil is actually spending three times as much as they could do as the u.s. does for a piece of gas and since gas is the fundamental driver for electricity and for petrochemicals it is a very big disadvantage not to have domestic supplies big enough to compete to allow tax to compete with itself to pick up the price of oil. i say that because i don't have how that will work out in the long term but right now it's given a huge advantage of gas that gives the manufacturing and industrial base and advantage that is affecting at the moment. it is being disadvantaged by the cost of its energy. opec is one of those things everybody has written about are often than i can remember. every wishful thinking say

at ten pm on life as opec said his resignation also fell into showed up at the legislature was scarce such reports on

but, i think that opec may take a slightly higher price to produce more oil. >> they are willingly producing more oil to get through this. let's talk about china and obviously, we have the tie into oil energy and commodities. we have a big risk at play here. of airst onshore defaults solar company. i see a bear stearns moment for china. when i see that written down, i quake. i saw a loss of margin calls in 2008. >> i do not think it is that dramatic. what i think is that if they do let the sale of the company go, it will send a message to the markets that they are serious about reforming the financial system and the banking system. it would be viewed as a good thing to do and we should have analysts sayinese that that is the case. whether that this company go under, if they do, i think markets will take it well. >> they are pushing the currency lower. >> i think they will continue and they are upset with the way that the yen has come up and i think they want to make sure they are in a stronger position. >> you are going to stay with me and we are going to get into some of the bigger calls af

any company that wants to work in ghana goes to xm or opec and will find a willing ear.hey are very bullish on ghana. moving a bit away from sovereign debt. any company that is able to from anyvate financing of our government institutions or banking institutions will find a very welcome reception. >> the u.s. ambassador to ghana. discussing u.s. business in ghana. joining us fro from our washington bureau. in ont, we will get you the markets update. later, we meet the daredevil flier looking to conquer mount everest. ♪ >> malaysian officials are investigating an unexploited radar blip detected far off the course of flight 370. --s is be enemies officials vietnamese officials check on the root. as object is described potentially significant. radar picked up the unknown -- 45 in the area of minutes after contact was lost with the jet whose rude to beijing win over the gulf of thailand on the other side of the country. there has been confusion and signs of tension among nations in the search. countries including india, japan and 42 ships and aircraft are looking for the boe

anything that we are getting from saudi arabia or all of opec.etween keeping the keystone pipeline shutdown and natural gas supplies out of reach, is it any wonder that we are kissing those guys hands? i don't know too many big lottery winners of the come back to work the next day bolesta told abbas that you can take this job and shove it. and i don't open access would use those words, but john sununu knows the sentiment. he says we have it within our grasp to free ourselves from all these other situations. so thanks to cracking, we rule the shapira. >> is, we are going to be energy independent. will have to wait until the next administratn. but i will tell you that i don't agree with your rant. i think the only place i got real applauses probably in the wrong or perhaps in moscow. the saudi's are important if you are in real estate, usa location, location, location. there are three places in the world are problems for the u.s. russia and iran and china. and certainly russia's expansionist tendencies are evident in the ukraine and we need the eur

>>john: they should have opec of sex?> that logical conclusion the idea that you could have collusion. other women are driving down the price of sex for growth of government is willing to go to bet with one treaty and you say i want commitment you will lose. the women could get together we have decided to raise our prices. >>john: once said she was doing porn to pay for college and into the objective is uncovering? >> it is horrendous. she is a woman studies major of course, she explains it disempowering for her. >>john: she makes money doing something that is not difficult. >> summer aristide said is not an argument of legalized prostitution. >>john: it is born. >> they are paid for sex it is just on camera but women are suggesting that she bill be happy to have a degree having spent four years being used by men on camera. ultimately that is not in her best interest. >>john: thank you. feminism or not why are most business and political leaders still men? here is one answer. >> if you ask men why they do a good job they

is said to be weaning itself off of opec's oil. the question is, the potential for that to diminish saudi arabia's overall influen influence. >> reporter: well, that's an excellent question and something that administration officials have talked to. the relationship has evolved over the course of 70 years, beyond simply a dependent on oil. the united states is the largest oil producer in the course of ten years, if you can believe that. but there is a security relationship here that is very important. administration officials point out that the saudis have bought some 73 f-15 fighters, that is the largest arms purchase by any country ever at one time. there is a whole host of regional issues in which the united states and the saudis cooperated a great deal. it goes beyond energy dependence going one way. it's going both ways and they pound out that the saudis are trying to diversify their energy uses. >> mike viqueira for us in riat. >>> in china the search of flight 370. families members of missing passengers walked out of a press

opec up 8 in. of snow in the lowest elevation about 2 ft. peak speed extend forecast more than once formed to deal with. mainly in the morning wednesday all along thursday friday despite showers by saturday another storm moves in the bay area. which will linger into sunday. given the possibility of additional showers in the morning trade on monday still, in the broadcast doctors reveal important a cause of infertility what it is and how to treat it. in sports center best will seen heading see 16 stanford traded on them garry will heading see 16 stanford traded on them garry will tell you [♪] the bay area well represent then cia was tournament with cal and the second game under lindsay. the wonder sca oakland. they're taking on the black bears pre >> : with jennifer brandon inside. house and tell them had a good run tonight though great stuff. 15.7 1/5. bears hang in the right. it right in there. a resident to 132 second-half run. and that's it. sind's but not the dagger. cal's season ends 2210. 7552. they play kentucky this week 69. down to

is said to be weaning itself off opec oil, as you know. has that really in a material sense diminished saudi arabia's influence? >> reporter: that's a great question because the saudis and others in the middle east have been concerned about the rebalance that mysterie shifts s east asia. but it's all part and parcel to the same thing that you refer to. the fact that the united states is emerging as the world's largest oil producer, or energy producer, surpassing saudi arabia just in the course of the next two years. officials point to two things. the president came here to make a show of solidarity, and assurance to the saudis and king abdullah, and second of all, the relationship has gone much beyond the energy since the late 70s and the oil and the mid 70s. the saudis themselves are trying to diversify their energy sect sector. >> mike viqueira in saudi arabia, thank you. >>> the president has come under pressure during this trip to take a stand on the kingdom's human rights records. roxana saberi is here. >> 70 lawmakers, both republica

cualquier asistencia econÓmica que estamos considerando o que hemos considerado por agencias como opecacciones militares ni en venezuela ni en ucrania? ¿estamos en una Época en que se utiliza otro tipo de poder, pero jamÁs considerar una acciÓn militar? >> bueno, en este caso, obviamente, no estamos considerando ninguna acciÓn militar, pero sÍ tenemos que considerar muy fuertes sanciones en adiciÓn de la que ya el presidente obama tomÓ por orden ejecutivo, contra ciertas personas en rusia, y tambiÉn esos que se fueron del poder en ucrania, de mandar un mensaje bien claro a putin y a rusia. rusia tiene una economÍa muy diferente de lo que era la uniÓn soviÉtica, estÁ sujeto a ser intervenido por medio de una serie de sanciones y de consecuencias econÓmicas que tiene que afectar la calculaciÓn de putin adelante, mirando hacia cualquier otro avance que Él quiera hacer en ucrania, sobre ucrania del este, y en ese sentido, el martes este vamos a prepararnos en el comitÉ de relaciones exteriores del senado, de ofrecer asistencia a ucrania, mÁs de un billÓn de dÓlares en asistencia; asistenci

watch these other opec countries because putin wants to restore abroad.eil: senator, always good to see you. we will have a lot more coming up including a former tea party senatorial candidate who may not agree with everything the good senator is next. and later on this show, drones your doorstep? apparently now a judge is clear the way for a drone to deliver your pizza. do you tip a drone? peace of mind is important when you're running a business. century link provides reliable it services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. [ chicken caws ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. eartburn relief that neutralizes acid on contact and goes to work in seconds. ♪ tum, tum tum tum tums! neil: can't they all get along? you heard was senator john mccain was saying about some of the tea party as christie o'donnell taking offense to that. a favorite on the far right. joining us now. what you make of what he said there has got to be a be

on the other hand, instability in venezuela actually means, and venezuela is a member of opec, actuallyand it's one of its biggest price hawks -- actually means that the price of oil actually increases because venezuela is such a large supplier of oil, so the price goes up, because of instability in venezuela, that affects the united states, regardless of how you look at it. the united states right now luckily is producing more of its own energy, gas, petroleum oil, so we're in a better situation than in the past, but to say that this is not an issue that's relevant not just to the united states but other countries in the region is a mistake. i would add that countries like cuba benefit from venezuelan energy largess, and the more instability in venezuela, the worst for energy stability in cuba. >> paul beban filed a report from where the protests started, opposition forces making large amounts of molotov cocktails, violence has become a daily occurrence. is that hurting the opposition's cause? >> you have the molotov cocktails, but the government is employing the use of russian fighter

libyan is part of opec and there are rules who is allowed to sell libyan oil and these gunmen were note secretary of of -- the following statement was issued: no one was hurt when u.s. forces at the request of both the lib yap and cyprus government boarded and took control of the commercial tanker, stateless vessel, seized by libyans. the libbans are now detained onboard the vessel and well be handed over to the libyan government. the seal team launched from the uss roosevelt. the oil company had been flagged to north korea but the north koreans say it was not their vessel. >> if you're the sailors where do you take it? >> 25 u.s. sailors from the uss stout are onboard, and they are part of the uss george w. bush group. it will take them four days to get to libyan waters from cyprus. right now a former gadhafi commander who was in charge of protecting libya's oil fields, and went rogue last summer, is now in control of three libyan oil ports. libya's prime minister fled the country last week as a result of the crisis. the u.s. navy plans to return the oil tanker the libyan government a

is importing significantly less oil from opec countries, the saudis still have leverage. >> it's theirce in the oil market because what happens is the saudis are the ones who have the capacity to expand and contract production depending on what the market bares. >> the u.s. view is that the saudi relationship feels increasingly concerned about his place in the region. >> the saudis are worried that the united states and iran may have some sort of detente, and iran will take the place of saudi arabia. >>> with his represence here and his words, president obama is expected to send the message, the decade's old alliance is still the centerpiece of foreign policy in the region. patty culhane, al jazeera, washington. >>> youtube is the latest social media website to be blocked in turkey, following similar action against twitter. the government cited national security certains saying the video sharing website has been used to leak a sensitive discussion between officials about the war in syria. the turkish foreign minister said international companies must operate within the law. >> no count

the house and they will be this linchpin of the global market going forward and last year reliant on opecf 3.5 million barrels a day, the lowest level since 1996. we are weaning ourselves off of reliance on them but the reality is they have the capacity whereas no other nation in the world has that. we are going to be reliant and keep good relations -- cheryl: do you think the saudis and president obama could convince the saudis the need to come on board, they worked together to threaten vladimir putin? russia is no. 3 in the world. do you agree with that? >> there's a certain amount of bartering that needs to be going on as the market has mentioned just before that, we aggravated them in the stance relating to syria and relating to iran and the bridges need to be rebuilt and behind-the-scenes they won't be doing that. cheryl: what do you say? >> the saudis, the backstop for u.s. policy in the middle east for years. they have always raised production when we needed to whether it -- when we went into iraq or other issues like that. this is an important relationship. especially when it come

economy, damage opec and russia and not hurt the environment according to all credible story. gallup proves once again the economy is the big dog. the economy is getting weaker because we are not able to generate enough good jobs in the private sector so that workers can move up. a stagnant society is a weak society. as talking points has mentioned, the next election this coming november is big. the main issue, whether the country wants to return to a robust private business climate or wants to stay with the big government nanny state philosophy. that's what's at stake in november. and that's the memo. now, for the top story tonight. reaction joining us from washington, kate obenshain a republican and democrat kirsten powers. powers, are you surprised that climate change is not a colonel of most americans? >> no. because it typically it hasn't shown up in polls as being a top concern and, in fact, in recent polls, it's sort of decreased in terms of support. >> why do you think that is? >> i think it's two things. i think first of all people tend to be more with the immediate.

well, right now energy prices by and large globally, particularly outside of north america are set by opec't even go down that road, largest illegally operating cartel in the world. let's focus on the united states. our industry and other industries such as the aluminum industry and others we're investing over $100 billion in gas consuming, energy consuming, facilities that will add over one million jobs over the next -- to bid the u.s. industry. david: peter, i have to stop you there. for me, i'm getting deja vu again, what it remind me of, you're too young to remember, late 70's we had price controls on oil, a lot of people in petrochemical, face it what you are against is the price of natural gas going up and a lot of americans are against it too because you use your natural gas for petrochemicals. people made the same argument from all the same argument about price controls, removing price controls on oil back in the late '70s. when reagan did it in 1982, yes you had initial spike up in the prices but eventually when price controls ended the prices came down dramatically. couldn't the

i take it and even acting since he retains as a set of foley's iran as the opec can move in the film henry and saying nice nice if it comes to publishing statements and snow the night. because i can't really see. so it makes me dance. i can help. last night i got to do with the match. i presented steve and amy. to get them all i can sell yet. the idea was that incredible resembles and sometimes the use. at meal time is of an ace mean and sometimes mine and they've been expecting you know it didn't mean that the car around the senate sent an email that one could be the other hand is cranked any of that. all of the leninist things. it's nice to girls that you recognize who is no valid in the content is pulp fiction as christmas is no friend of the most. nine cents and its friends and an intensity of that yet. what did the grungy feel something well i do. it changes a lot for your teen to a city in an american film of course i'm only screened during an alternate counts. and so called sixteen was one of them you know it's been such an incredible piece of writing. consolidation so region

. >> by exporting more oil it opens the door for more, trying to say we should be the new opec in thet of the world, it is short-term thinking. at the end of the day the best thing we can do for america is be the energy hub to the world. no matter what happens we will be one of the biggest consumers. we are on the way to being the biggest producer, one of the biggest refiners and it will be more efficient. melissa: prices of gone up slightly because we have too much supply and the price is down -- >> let me make something perfectly clear. we are not saying zero exports but america first and the reality when some of these oil companies want to export the refining business that is what they are about. we want to get out of the refining business, the refineries to places like bernal and india and other places and our job is to have the most jobs in america as possible and we use our energy advantage. i don't disagree with the other spokesman but we need the energy advantage to have low-cost energy. melissa: refining is not as great a business. is very up and down. a lot of people get lai

david opec received $2 million short and pizza hut fell of performance targets. in china began to slow down in may 2012. also report on state television accused them of the suppliers on approved levels of antibiotics. back-to-back losses for a chinese sportswear company. dollars with analysts seeing more this year. wade to havena this. this is nearly complete. tiffany has a profit forecast and trails estimates and higher spending. this will fall short by as much as 5%. because of a legal battle part of the prophet. they expect worldwide sales to grow this year. those were your top headlines. in singapore. >> the 2014 baseball season is underway after an opening weekend far from home. we are talking about sydney. it was the scene as the l.a. dodgers play the arizona diamondbacks. did the fans enjoy the game? it very good morning to you. they see very gains over the weekend. they are like activex dodgers. against they this australians. a hard-coreit of baseball falling. associate have that mass appeal is good for the state economy. if you build it, they will come.

suits in the first place and then two points he scored after that in tripoli regained control is this opec member imploding today in the false and get to bake and libya keep it together and that is to talk about it from true blue us welcome back wait for sean. a former member of the guardian council thank you for joining us from washington where pleased to welcome kyrie met ms brown senior fellow at the atlantic council were also please welcome back from dublin sunnies there the former rebel indian fighters during the fall of more market toffee and the author of soldier for summer. joining us here in the city as many wickets to fall to the feet of close calls bank as senior correspondent man to man thank you for being this the postman get today. we can join the conversation on facebook and twitter are packed and tools for debate where to begin what started out easy donkey minded overnight in malta in government planes switched to a private jet. he's now in germany demanded twenty four hours ago was still that is prime minister. it's part of a corruption probe back home his demise. a mix of

can we free ourselves of any country's, opec, russia's, any sort of their dominance in this, say, decadeeah. obviously, every time something like this happens, like what happened in ukraine, we see volatility in the market and it's too bad for the consumer when that happens. you know, our country u.s. just can't, you know, can't be a true energy leader. as long as we hide behind a crude oil ban. we're going to have to free that up and we can't hoard our supplies of oil and gas in this country and be a true energy leader. there's countries over there that could benefit from what we have. >> do you think we have that much that it's okay for us to be able to start exporting now? >> well, i certainly do. you know, basically this country for the past 50 years has been underdeveloped. we've been living off everybody else's cheap energy in the world. so, yes, we have a lot of supplies here and certainly with the expansion that the technology of horizontal drilling is brought. you know, we've got a lot of tide oil coming on the market. and certainly with natural gas. 125-year supply, we've got e

that can be opec crude. we import 4 million barrels a day of opec crude. cut 75% of it out with 6 million trucks. >> boone, if you were vladimir putin and you just knew you could have crimea with all those natural resources, you knew you could have it, is there any way you would keep yourself from taking it? >> oh, gosh, that is a difficult question. one, i don't know anything about politics. >> you know plenty. if that was sitting there sta staring you in the face, it's always been russia, you knew no one was going to do anything about it. i have a choice. wouldn't you back the referendum. >> i don't think that was the deal that was made back in the '90s. >> he did sign something with the nuclear stuff. >> you stick with the deals you make. >> i'm talking about putin. >> well, putin is -- you know, as far as i'm concerned he's just a young joe stalin, a little smoother, but he runs circles around us. >> yes, right, exactly. >> i can't even imagine if we go in and file a letter of protest or something. for what he's done. i mean, i would ignore it. i'd jus

will russia act much like opec did earlier or does any cartel in this fashion lower prices discourage investments and other facilities elsewhere are not how will russia react and at what point -- how much lower with the other prices have to be in order to discourage investment it needs to happen in these other countries, including the u.s.? >> thank you for the question, senator. i only went to law school, i didn't get my phd. my wife did. but i think that first russia has not shown any ability because it doesn't control enough world supply to try and lower its prices to try to impact its investments or to save its market. so as the doctors explained, the surplus forced russia to renegotiate a lot of long-term contracts of your because they were able to buy a spot. so that was one impact and they also have this stockman project with a thought that they would have major exports. and the fact that they didn't have this anymore made it too expensive. so it wasn't so much them deciding that they were going to kill investment elsewhere by lowering prices and getting more market share but t