like in egypt, but the prove of this is there is no country with cheaper gas prices that isn't an opec nationhat isn't america and, moreover, compared to our reserves which are like a tenth of saudi arabia's, we're about to produce more than saudi arabia. there's no country that produces more oil compared to their reserves than america. awe the other countries produce less oil and they have more to produce. so we're doing a good job, people. >> john, take him on. >> i love jonas. he's my friend, but he's completely wrong. look, the monterrey ale might be a big porti of saudi arabia in california that takes away the california deficit. we're not sticking one drill into that. the utica shale in new york would erase the new york deficit. we're not sticking one drill bit in that either. we have oil all over this country. we are not tracki fcking anywhe because we don't have an epa who will stand up and say, we need to do this or this to make it safe. it's all the above angs. we don't have that because we have no plan. there's been four environmental studies on the keystone pipeline. all are clean

bank of japan and then reserve bank of america is to those economies what oil is to opec and the opec nations because the oil is the socially controlled by the state they don't need people to vote they don't need people to work the people live in a stipend in those countries in america in japan and in the u.k. increasingly people are living on a stipend set by the state who doesn't need them because they can print all the money they want to make themselves as rich as they want just like having an oil well if you pump the oil and you become a sheik and you come to london during the summer to escape the heat in the mideast if you're of j.p. morgan banker or nature's b.c. banker you print trillions of dollars and you live like your sheik at the expense of a thriving economy. and u.s. district judge has ruled that only president obama has the necessary authority to stop the force feeding at the guantanamo bay detention facility now that is after dismissing a request from a syrian prisoner who has asked for the painful practice to be stopped the same was demanded by leading muslim figures in the u

bank of japan and then reserve bank of america is to those economies what oil is to opec and the opec nations because the oil is essentially controlled by the state they don't need people to vote they don't need people to work the people live in a stipend in those countries in america in japan and in the u.k. increasingly people are living on a stipend set by the state who doesn't need them because they can print all the money they want to make themselves as rich as they want just like having an oil well if you pump the oil and you become a sheik and you come to london during the summer to escape the heat in the mideast if you're of j.p. morgan banker or nature's b.c. banker you print trillions of dollars and you live like a sheik at the expense of a thriving economy that is diversified in some way that is affording people a decent middle class lifestyle and so that's why the the people the uprisings in cairo have a party of interest with brazil and america and the u.k. at some point. now of course the way these generals in the financial war continue to fight this war is they take turns deval

psychology and opec nations getting sucked into any possible conflict there.t is a story we'll talk about next hour. here is david asman to join me. david: good to see you liz. it is low volume day. on low volume days a few people can move the markets. that is why we see these grade things. liz: let's go to nicole petallides. one name we're watch something tesla. >> tesla has been rallying more than 8%. >> well, apple is jumping 4%. they have got a couple of things that is moving the stock there. one raymond james put them on a buy list. they also have this i-watch. we haven't heard -- liz: i-watch is certainly something. david: we don't know exactly why but it is definitely benefiting from all this stuff. go ahead, nicole. >> apple's i-watch. you also have positive comments from raymond james about apple with a $600 price target. two things combined really helped the stock today. liz: okay. onyx pharmaceuticals, we'll be talking pharma at least for the second half today, soaring as it reject ad takeover bid which is fascinating to see because the m&a activity

ecuador, believe it or not caught they are part of the opec nation.ys we are not going to scramble jets to find a 29-year-old hacker, what he is really saying is we are in big trouble here. the result of that, we cannot really be as strong as we want to be. that is what the viewers need to know. it is a big deal. we cannot be the leader in the free world like we used to be if we have to borrow money. charles: we are going to keep borrowing money. the rate that our government grows. this really means that we receive further and further and further.ave certain things. do not forget the fact that we are weaker every single day that we print money. everyone who says that the dead does not matter, taken economics lesson and realize it does. we are losing power. we are losing respect because of our fiscal that. >> both men -- putin seems to have zero respect for america. almost laughing at us anytime something important comes up. we do not have quite the swagger that we used to have an influence we used to have. that is not how we will win the war in terms

opec. the 12 nations of the organization, petroleum exporting countries. eight of them in the middle weast -- the middle east. oil is calculated by proven reserves which are reserves that could be exploited in today's price. if the price of oil goes up not only is the oil that a country house in the ground at that point that is exploited before the price went up or can be exploited, affordably, not only does that oil increase in value, if the price goes out you can exploit more oil. they're more field to can exploit in the price goes up ee. the characteristic of concentrating wealth very substantially. it is not only amount -- a monopoly, it is a monopoly with a cartel nested inside it. opec could control 70 percent of the world's proven reserves of oil. about 30 million and thea day in the 30 million barrels a day. it has 78 percent of the world's proven reserves of oil. it sells her on the market about a quarter of the market demand for oil every year. if you have over three-quarters of some commodity in the world and you are selling the same amount, not

of 2008, if it gets back there, then approximately half the wealth in the world will be in opec, the 12 nations of the organization petroleum-exporting countries. eight of them in the middle east, two in sub-saharan africa, two in venezuela. why that huge jump? because the value of oil is calculated by proven reserves which are reserves that can be exploited at today's price. so if the price of oil goes up, not only does the oil that a country has in the ground at that point that is exploited before the price went up or can be exploited before the price went up affordably, not only does that oil increase in value, but if the price goes up, you can exploit more oil, there are more fields you can exploit, and the price goes up doubly. so oil has a characteristic of concentrating wealth very substantially. and it is not only a monopoly, it is a monopoly with a cartel nested inside of it. opec controls about 78% of the world's proven reserves of oil, and opec pumped about 30 million s a day in the early '70s at the time of the yom kippur war. it pumps about 30 million barrels today. in that interve

opec. that is the place to get out of it. ashley: strong words. kevin, you say that we should be careful not to alienate the producer nations that supply is. endence is a great goal answer the producing more of our own energy is good from a security and economic perspective. we still need opec producers. even if we get to independence there will be a global price for oil that will come home to us. we want opec producing for the world saw the world as well supplied suppresses lauren home. ashley: do you agree it is a balancing act but essentially being able to export more energy for profit while also relying on oil-producing nations from supplies? >> it is a global business. you never want to alienate its trading partner because it may come back to buy you. further, we could do ourselves a lot of favors in this economy if we began to use transportation, the -- began to use natural gas as a transportation fuel, not just for trucks but cars and every other vehicle that we can think of. that would dramatically reduce the need for import, and dramatically increase the available oil to the rest of the world a reasonable price, and that would be a

nation's push for energy independence. we're almost there. legendary investor t. boone pickens joins us with his plan to relief the pain at the pump by getting the u.s. off opecal gas. tracy: and we're going to talk to an energy fund manager who has three stock picks that can make you money today off of america's energy future. you can't afford to miss this. ashley: first though, time for a look at these stocks. let's head down to nicole petallides on the floor of the new york stock exchange. the dow, drifting slightly lower, nicole, but modest gains for the major averages overall. >> light. so i peeked up just a moment ago, we've been back and forth in positive and negative territory watching not only the major averages but the index of each particular sector. so for right now the nasdaq composite and the s&p are posting some gains. the dow is pulling back slightly and we'll blame mcdonald's for that which i will get to in a moment. but you do see all three major averages not too far off the unchanged line. four straight weeks of gains for the s&p. record-setting days for wall street. and existing home sales came in worse than expected. talking with art cash