real history that is being destroyed one of the worst meetings you ever use the organization of petroleum exporting countries or opec in crisis if it is does it really. britain are you coming to live from moscow these are the top stories egypt's interim military government promises to review the jailing of at least seven thousand people but amid allegations of torture and abuse by the army the egyptians question whether the a revolution for justice and democracy has only put in place another dictatorship. the leaders of russia and china join their central asian counterparts afford to lose some of focusing on fighting extremism and drugs the president of afghanistan and iran are also invited to the t.n.c. anniversary as c.e.o. meeting and cause a stamp. and more angry protests are expected on the streets of greece in the face of new cuts as you can see we're looking at a live picture there and spend another bailout being discussed in europe is likely to force more steering measures on the public. people in greece are the only ones angry at what's happening there germans feel it's unfair they should bear the f

lavelle it is being described as one of the worst meetings we have ever had is the organization of petroleum exporting countries or opec in crisis if it is doesn't really matter and with or without opec are we destined to live with very high oil prices. to cross-talk the controversial role of opec today i'm joined by bill found price in london he is the founder and c.e.o. of petroleum policy intelligence also in london we have dominic he is a founding partner of the energy management institute and in boston we cross to robert kaufman he's director in full professor in the center for energy and environmental studies at boston university ok gentlemen this is crosstalk that means cross talk rules are in effect you can jump in anytime you want but before let's take a look at how the world has been reeling since opec's last meeting. when last week's opec meeting ended in this court for the first time in two decades it left oil consuming countries and analysts and a day there speculations about the cartels imminent demise and fears of higher oil prices have abounded after the arab spring changed the political landsca

does the organization of petroleum exporting countries are encouraging prices if it is used as we. welcome back you're watching our t.v. over the top stories it's an interim military government promises to review the jailing over the least seven thousand people but amid allegations of torture and abuse by the army gyptian is question whether fear evolution for justice and democracy has only put in place and other dictatorship. the years of russia and china joining their central asian counterparts for the summit focusing on providing instruments and drugs the presence of a piano stand in iran are also invited to the tenth anniversary asio meeting in kabul stamp. and live pictures from greece so where more angry protests are taking place on the streets of the capital in the face of new cuts and other bailout being discussed in europe is likely to force more stary measures on the public. well up next peter lavelle and his guest debates whether opec is still relevant in the modern world that's in cross talk here on our. keep. a low and welcome to cross talk i'm peter all about it is be

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newsreader that is being described as one of the worst meetings we have ever had is the organization of petroleum exporting countries or opec in crisis if it is does a real. mission of free credit take three months for charges three. months three years three stooges free. download free blog plug in video for your media project a free media our t.v. dot com. here's a look at the top stories egypt's interim military government promises to review the jailing of at least seven thousand people but amid allegations of torture and abuse by the army egypt since question whether they are evolution for justice and democracy has only put in place and other dictatorship. leaders of russia and china are joining their central asian counterparts for a peace summit focusing on fighting instrument and drugs the president of data stand in iraq are also invited to attend as c.e.o. meeting. in kansas town. and now you're looking at live pictures from greece more angry protests are taking place there on the streets of the capital in the face of new cuts another bailout being discussed in europe is likely to force more serious measures o

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it's being described one of the worst meetings we have ever had is the organization of petroleum exporting countries or opec in crisis if it is doesn't really. have a welcome to the south thanks for joining me russia is still struggling with a debilitating effects of the global economic crisis but expects its economy to fully recover by next year we were promised a push and says the country's already aiming at fulfilling big plans. we have put forth an ambitious goal and for the next to continue to make russia one of the five largest economies of the world and as for g.d.p. per capita to increase this figure from nineteen point seven thousand dollars to more than thirty five times. but to do this we need to double productivity. material high tech sectors three with. russia's mid-size banks look set to get a helping hand to the tune of one billion dollars the international financial corp is creating a new fund to support capitalization for lenders finding it hard to compete with the country's financial giants their action government will invest fifteen million dollars the rest will be provided by for

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is being described one of the worst meetings we've ever had is the organization of petroleum exporting countries or crisis if it is. welcome back to the kaiser report time now to go to washington state and speak with david morgan of silver and vaster dot com david mark and welcome back to the kaiserin for a true if you max david margan as an exciting stuff you've just returned from utah where you took part and and historic event tell us what you were doing there what's going on in utah the house bill three seventy one what's passed into law signed by the governor of utah i was invited to participate in the ceremonial signing this is the first state in the several states of the u.s. to put back in the law the ability on a voluntary basis to do transactions in gold or silver right cell walk us through this little bit here david margan in other words i've got a pocket full of solar a bully and i can walk into the store and i can buy a pair of shoes and give them some or biljana as a work first of all the merchant goods selling you the shoes or whatever you want to purchase is going to say yes you a

treat this is being described as one of the worst meetings we've ever had is the organization of petroleum exporting countries are encouraging prices if it is does a real. this is on c koreans who live from moscow the headline. people in the libyan capital tripoli remain defiant in the face of the almost daily nato airstrikes and fuel shortages that the paralyzing life of the city this comes amid fears fighting in the country as rebels step up their votes against oil ports along the mediterranean coast. you ask pearse's ahead with plans to build a base in the persian gulf the top militants and get in the cia has been tasked with launching that times described a use of the unmanned aircraft being blamed for the deaths of hundreds of civilians in afghanistan and pakistan. and in egypt details about around seven thousand people arrested in the country since president mubarak was toppled the interim military leadership promises to review trials of civilians and to increase the power of civilian courts but you know why it's groups claim there's evidence of prisoners have been tortured. and japan is the focus of be

never really it's just being described as one of the worst meetings ever is the organization of petroleum exporting countries or prices if it is used as a real. artist time for show and tell on tonight's program last time we discussed leon panetta shift to become the secretary of defense we want to know if you thought his leadership would lead to any real cuts coming from the pentagon let's go to producer patrice in a century to find out what our viewers have to say. to fans who are presenting have all federal discretionary spending it looks like an overweight sitting duck for budget cutters we want to know if you felt leon panetta might really succeed at cutting pentagon costs and actually not surprisingly we're jordi of our viewers believe nothing will change i knew two blue low told us the pentagon will only show cuts with the right hand while holding more in the left tom barrett called it smoke and mirrors he said panetta would never be considered if this mission was to cut spending first morgan said any real cuts at the pentagon you can't be serious then there's hourly riza who believes there will be in

these are the 12 current members of the organization of petroleum exporting countries, opec. they're spread across south america, the middle east and africa. the best thing is they'll increase oil production targets, that's been sending the price of crude lower. as the economic outlook is not terribly bright at the moment, certainly as reflected in those u.s. labor market figures last friday, analysts are not expecting a return to the highs we saw in late april. >>> so that opec meeting hardly likely to be an easy one. there's another prawn on the barbie, that's libya's civil war. it's complicating an agreement on quotas and opec ministers may find themselves supporting sides in a military conflict for the first time since the gulf war 21 years ago. >> reporter: the meeting of a dozen opec countries may have more plot twists than a prime time tv drama. key question marks hover over proceedings that cover libya, iran and an output that matches today's reality. libya's output has plummeted. libya's oil minister defected last week and this may leave the cartel divided on whom to

the organization of petroleum exporting countries or opec is scheduled to meet in ventriclena, austriaay the group will most likely increase its oil output for the first time since september of 2007. they say that should help drive down energy costs. gas prices of course have been inching lower over the past few weeks. a.a.a. reports the gallon of regular unleaded gasoline is $3.76. used to be customer comes first or the customer is always right. nowadays it seems more like your call is very important to us, please continue to hold. a new study by "consumer reports" shows americans are growing more frustrated with poor customer service. 64% of us walking out of stores because we can't get help. and two thirds of us hanging up on companies because we can't get in touch with real humans. that's our biggest complaint. followed by rude sales persons. too many steps to go through on the phone. a long holding time. and unhelpful solution once we do get ahold of any company representative. the survey also rated the best and worst of each type of store. rating dillards department store as havi

$102 a barrel today, up nearly 3% in two trading days, after a bitterly divided organization of petroleum exporting countries, or opec, failed to agree to increase oil production. saudi arabia led the push to raise production quotas yesterday, but iran and others balked. after yesterday's session in geneva, the saudi oil minister called it "one of the worst meetings we've ever had." we look at what was behind this, and the likely impact, with ed crooks, the u.s. industry and energy editor of "the financial times." and ed crooks, welcome. this is the very first time at least in decades that opec has gone to a meeting like this and failed to come out with some agreement. what happened? >> yeah, as you say it is a very, very dramatic meeting, very unusual development particularly in the sense that saudi arabia was defeated. saudi arabia clearly went into the meeting wanting an increase in production. saudi arabia said the price of oil is too high, at around $100 it would like to see it come down perhaps even to the $80 region and it wanted to increase production in order to make that happen. and usually what sa