in the conflict while maintaining that foreign intervention should be completely ruled out but the permiandid say that the time though is not on the side of president assad. your. i think there are fewer chances for him to stay on with every new day every week and every month but let me repeat it is up to the syrian people to make a decision but not up to russia the united states or any other state now the main task is to launch a national reconciliation process we should think about the future for instance if the opposition which by the way has been formed outside of syria comes to power which is what is going to do with its members will exterminate representatives of other islamic movements and other confessionals they are already doing this and that's why there are two options either it will be a protest of a national reconciliation and he was held under the control of the international community or and endless civil war and there is no in-between. and you can get more of to me if you on our website at r.t. dot com. by quickly let's get to the r.t. world update now some other global new

even life for our communities life on earth i mean as if we could be looking at the earth of the permian extinction visit here it's serious it is very much is. thank you all for being here thank you. to see this bigger picture discussion again or any of our conversations the great minds go to our website conversations great minds stuck. out of the bowels of the. that we find an endless stream of mis attributed quotes and made up stories that in open chain emails that you eventually receive from your loopy uncle in texas who's trying to justify right wing economics or anti obama conspiracy theories is just one of the headaches of the internet age but there's one quote in particular that's always attributed to an obscure scottish historians sir alexander frazier tytler as if that gave a great credibility or that he was scottish or something and it seems to both make sense and prophesied the end of the american public title or was supposed to have said quote a democracy cannot exist as a pawn permanent form of government it can only exist until the voters discover that they can vote themsel

claim its promise is both a carrot stick here the carrot is a whole new economy the stick is the permian extinction or two hundred fifty million years ago raising the temperature of the planet five degrees through volcanic activity caused the methane hydrate crystals in the oceans to turn to sort of and raise the planet by another five degrees that ten degree increase in temperature killed off ninety five percent of all life on the planet richard do you think that the president's going to be successful in doing anything about this oh i do think you plan to makes us feel i think what is number one problem going to be first of all those who don't believe in science that think there is no such thing as global warming even though we have hurricane katrina superstorm sandy and go on and on and on about a laundry list of weather that we haven't even in d.c. last week it was seventy degrees outside in the middle of winter all part of global warming all part of real climate change happening in this country the president acknowledged it and now it's time for republicans to do the same after they

what was in the ground, the permian has been around forever, suddenly we were able to access what youy of the zones that were generating oil and gas for years. we would get just enough oil and gas to mess up our drilling system. with horizontal wells, we can now produce these zones that we knew were there for generations. >> who is unwise enough to sell you properties given your history and success? >> there was a lot of running room out there. we have been there at our prior companies and we bought our first acres out there in 2008 in a county where there was one other drilling rig. today there is 35 or 40 drilling rigs. >> some others are worried that you are going to outspend your cash flow. sandridge had bigger eyes than what they had the money for. aubrey mcclendon, some feel he outspent. >> how do you know your cash flow will cover your drilling program? >> last year we articulated a greater outspend because we were trying to prove the acreage, to get the data to develop a plan. we think we have been very, very disciplined and still have a lot of liquidity left and we think we h

these companies are in the shell regions, mar shellis shale and permian basin.se will see double growth rates in the next few years. >> aren't public taxes supposed to destroy them? >> well, that is one risk on the equity side. we obviously are investing in the bond side and benefit on the bond side is that a lot of that free cash flow, we think is going to go towards organically delevering. many of the companies we are investing in, in fact mark west and targa are high yield. we see them going to investment grade and that the beautiful thing about bonds. those bond prices, believe it or not, can rise. even if rates were to rise. because of credit spread tightening. >> thank you very much for joining us. >> can i get one more question mark before you good? >> sure. >> since we are all jinglistic today. >> is there a country we are forgetting about? i point to my co-anchor. australia is doing well? is there a country doing well? >> we like the u.s. >> take that aussie. take it. >> okay. you like it a lot. but do you like it the best? back to brian's question. do

and in the shale and in the permian basin.the firms like markwest energy that are processing all of this crude oil and gas. those are the companies specifically we think will see very high growth. and similar to the housing companies, be very good for bond investors. >> how does that equate in equities, in the equities world? great returns to 2012. has the performance so far this year and what can you say in terms of equities versus the bond world? >> let's talk about how housing is. i concur that housing is getting better. we talked about it throughout the year. i've got two problems. number one the stock prices are reflecting that. most of the big home builders are near new highs. even the support guys. they're at multi-year highs as well. the second concern i have is are mortgage rates getting higher? it hasn't happened yet. we're around 3.5% on a 30-year. but watch the gyrations in the bonds lately, that's got people nervous. mark, isn't it true while home prices, stocks of home building companies is up, isn't corporate bo