petro china didn't exist a little more than 13 years ago. i know you're a big believe in let's back solar and green technology and batteries, backed up by crickets running fast, but i'm saying-- >> i think you're on to something. >> you can't pick and choose. we're only going full throttle on half. >> i've had an interesting observation recently, a lot of people in the debate are for global sayings. we're confusing issues, too, petro china being the largest producer, in the last 13 years and. how are we going to deal with china if our president doesn't understand markets. he actually said when he veered off script. i checkeded transcript and checked the verbatim. that's insane and-- >> that was right after and we picked this off mic, said all oil companies can go to hell. no, he did not say that. >> charlie, how will you let me talk? >> go ahead. >> i didn't study the transcript. i assume what the president was saying was that increasing production, domestic economy, will not have any short-term impact on the price of gas. >> because it's a

about 68 to 70 cents on the barrel at a price of 108 point. >> petros: $1 $108.16.ali velshi reports, it doesn't mean more pain at the pump for consumers, it may pose a larger economic threat to the recovery in the united states. >> reporter: signs that the u.s. is well into a recovery are clear. grows domestic product, the broadest measure of the country's economy, grew 3% between the third and fourth quarters of 2011. consumer spending was up more than 2% over the same three-month time frame. the u.s. unemployment rate dropped to 8.3% in january and more importantly, the u.s. economy has been adding jobs for almost a year and a half. more than 1.8 million net new jobs were created in 2011 alone. new weekly fielgts for unemployment benefits are at lows not seen since 2008. and the s&p 500, the broadest measure of major u.s. listed companies, and the best reflection of invested u.s. retirement portfolios, has rallied 25% from its low in october. the problem is oil is up 40% over the same period. economists and money manager steven looeb is an expert on money and eco

we're advising several steps, a continued diversification away from petro chemicals, using the free trade agreement to promote bilateral trade volume, and increased participation in the economy from all segments of the society. implementation of political and security sector reforms will address many of the root causes of this unrest. finally, i'd want to underscore that while this is a dramatic transitional period for bahrain, there are important investment opportunities out there for you, and i would repeat, i am confident and optimistic, that the government of bahrain knows what it has to do, is in the process of doing it, and will succeed in establishing greater stability, both political and social to the island which will enable economic investment to return. thank you. >> thank you. our final speaker on the panel is ambassador ensure from algeria. >> thank you very much. i think the thing to do here is start with a little good news bad news. good news is that algeria reminds me a great deal of my home state of california. the potential is vast. in fact, it's a mediterranean climate

>>neil: but china, petro china, how did they get to be none one so fast? >>guest: well, china has a number one priority called "economic development." you do not achieve economic development without abundant resources so they have written a blank check for petrochina to do deals with state-owned oil companies all over the world to make sure china gets all the oil it needs. in 2005 china used five million barrels a day and this year it is ten million barrels a day. that is a tripling of the oil consumption over a ten-year-period. and we use 20 million barrel as day in a full economy and we are down to 18 million now given all the layoffs and the recession we had. but we only produced seven. we --. >>neil: do you fine it odd, john, part of the rational of the president to push subsidies for green technology versus ending the subsidies, china will move fast if we do not control the industry but now they are going to control this industry and that is okay? >>guest: china has been using cash loans to state owned oil companies to guarantee oil delivery so they a

we look at the city's ambitious plan to raise its profile in the region during a petro dollar boom. >>> after years of violence and sectarian tension, iraq is trying to reshape its image hosting its first arab summit since 1990. baghdad hopes the event will improve the country's standing as a major political player, but the country's foreign minister believes it could boost the economy as well. >> the summit is very important for two main reasons. one, it would be the reintegration of iraq in the environment this is very important for iraq who has had sanctions, punished, pushed out since 1990, not since 2003. second point is we believe that confidence of the international community will increase for business, for trade, for commerce, for the diplomatic relations, the international confidence in iraq will be enhanced. >> you've been on quite the diplomatic offensive trying to convince, especially gulf nations including saudi arabia, to attend the summit. why is that so important for iraq? >> iraq relations with the gcc is of paramount importance with saudi arabia it's very significant

petro retailers said that demand had risen by 170% and demand for diesel had risen by 77%. no wonder there was another meeting by the cabinet. the time minister said the government would continue to make contingency plans and called for the strike to be called off. >> the field companies are working flat out to resupply petrol stations. it is frustrating for people. it will take some time. >> the government's has temporary relaxed limits on drivers hours, allowing them to spend 11 hours down the road. as for the dispute, some signs of hope, both sides have held discussions with a conciliation service and they were looking for a negotiated solution. >> we will not be announcing seven days notice. that means there will not be any industrial action. >> a woman is recovering from burns. she was pouring petrol from a container into a glass jug. the flame from her cooker ignited fumes. the fire brigade and urged public advice. the cabinet office minister was telling people to fill the cans. >> to see a cabinet minister telling people, fill up jerry cans causing panic and confusio

power project, and it will have major air quality impacts for the southeast community at the foot of petro. we did not really know it that well until we got into this project, but what happens at the dry dock is pretty similar to what happens at the crews of terminal. you have a ship that comes in for crews activity. the user -- indeed their runs its eengine to generate electricity so it can run the light and supply the teams with power in the vessel, or the shipyard has to bring in mobile generator start run on diesel and emit significant air pollution. all of those current activities happen. there are currently permitted under the shipyard's air permit. this project is the best way to improve air quality of the ship yard. -- atht the shipyard. the mitigation i talked about earlier, this project fully offset the commission -- decommissioning of shoreham power at pier 27 for the two- year period, and it has surplus air quality benefits that help offset some of the additional america's cup race operations omissions to the point where in three of four air quality or air criteria measured by

the government advised people to keep a store of petro at home. -- petrov at home. -- petrol at home. >> tempers fray as drivers lined up to fill their tanks, just in case. here there was so much confusion that they had to direct the traffic. >> it is unbelievable. i am trying to control the flow of traffic. otherwise we will have traffic all the way down the roundabout. you can see the people down the road, weaving amongst each other. common sense would go a long way at the moment. >> some motorists say that that is what they're using. >> my red light came on. i needed petrol. it is easter holiday. >> it is ridiculous. crazy prices. >> ministers have urged drivers to fill up when they can, which is what they're doing. retailers say that demand has risen 170%. >> how serious is the fuel crisis? >> no wonder there was another meeting of the emergency committee. the government would continue making plans and were called on to pull off the first of the strike entirely. >> fuel companies are working flat out to resupply stations. it is frustrating for people when there are lines and their

. >>> at home pink slime is out at giant's and petro is taking a spring break of sorts. laura evans back with your fox 5 top five. >> giants is the latest grocery store chain to stop selling a certain ammonia trophied ground beef filler of no. 5, yesterday it was safeway, now giant's is done with pink slime because of customer concerns. the usda says the meat known as lean finely textured beef is safe, but there's concern the beef made mostly of connective tissue often harbors e. coli and salmonella. kroger and stop and shop are also refusing to carry it. no. 4, the new ipads are barely on the market and now the hype over a new iphone is already starting. according to reuters a south korean newspaper is reporting the next version of the iphone will feature a sharper bigger screen and could be out in the next three months. no. 3, feeling lucky? a huge jackpot in the mega millions lottery. $290million, the drawing tomorrow night. match all six numbers and you could get 11 million a year for 26 years or a one time pay jot of 205 million bucks -- payout of 205 million bucks.

you may look at companies that do some diversification but do but it doesn't have to be you boil the petro dollar reserves that. would be more. rounded city. petrodollars. profit the most from the potential bust in europe in the e.u. and potentially even china. still i know what their plans to china story that they somehow took the banks to lend. their way out of the bust what they did was they created a credit bubble with a graphic novel from so the united states just a few years behind the curve ok so you think it's a hard landing that's coming speaking of aboud dobby and all that money and power and you pulled out a headline that all big job the royals are involved in r.b.s. talks this is of course the eighty three percent british taxpayer own banks and i'll be dobby could end up with a stake of more than a third my question is this part of a continuing trend we've seen where developed economies and their banks get so laden with debt that they need bail out they need help they need capital and they go to some of these emerging markets for that that are more cash rich have not the foreig

forces soldier to over six thousand years in prison over a massacre during the country's civil war petro pimental of your son was found guilty of killing two hundred one people and throwing their bodies down a well in the village of course as in one thousand eight hundred two was given thirty years for each killing and thirty years for crimes against humanity after being extradited from california what tomorrow's civil war claimed almost two hundred thousand lives before ending in one thousand nine hundred six with most of the killings by the us backed by. the e.u. has given the green light for the one hundred thirty billion euro dig out for greece saving it from economic death by debt for the time being a crisis hit spain is now in focus however after saying it can't meet austerity targets set out by the e.u. u.k. independence party european parliament member paul not all says it's time that southern european countries so it's a little. serious trouble i mean you just got to look at the amount of people who are out from the streets demonstrating at the moment suicide rate through up the

of oil is the new discount rate he's referring to the oil as the defacto currency of the globe the petro dollar took over in the seventy's so low and behold here comes the white man's burden the white man's burden that's a record crippling referenced live i think you're right it was the kind of a. home he wrote for a magazine and it was in order to encourage the us teddy roosevelt to go see the philippines by taking them so on invisible children's coney twenty twelve campaign unless you're asleep under a rock somewhere you will not have been able to miss coney two thousand and twelve is this video by these three white evangelicals and their little blond child who are saying that we need to send troops to uganda we need to assassinate this guy joseph koni from the lord's resistance army so the court here is if there was a prize for the ngo who best commodifies white man's burden on the african continent and more specifically in uganda invisible children would when they recently struck again with a new video and campaign titled coney twenty twelve well i understand the first video is somet

rick santorum's name is said to be petro and it is a biblical name. >>> tara moriarty has problem inlle? >>> yes, it is 237 on matilda do off ramp. there is not too many details. up next, we will take a look at some of your bay area roadways outside. this is a look at 280 as the headlights are northbound as you make your way towards santa clara. up next, we have a look at the 680 at the sunole grade, traffic is looking good at this hour. and finally, this is a look at the san mateo bridge traffic there as you make your way towards foster city. >>> storm tracker two, temperatures are up. yesterday we sunk back into the 30s so warmer this morning widespread upper 40s and 50s. that could change over the course of the morning and it looks like 2100s by the end of the day, take a look at the rest, we are not likely to see much rain if any at all at least not enough to accumulate to any amount. partly cloudy skies by this afternoon. temperatures will be slightly warmer than yesterday. this morning we are waking up a lot warmer than yesterday. for the noontime, maybe a sprits, maybe a sprin

. >>> i want to break earnings news coming out from petro china. revenue coming in at 20 # 1,1, popt 004 trillion chinese yuan. output up 4.7% year on year. 2011 crude oil up 3.3% year on year. now, this is interesting. net profit for q4 was 29.55 billion yuan. if the nufull year, analysts we expecting 2011 to come in at 1.358 billion yen. so a little bit less than expected. eps 0.73 yuan. so that is some of the things coming out as we look at petro dhi in a earnings right now, so far we have a lot of people focusing on this of course, watching to see whether the slowdown in china is hurting profitability. let's get to our guest host for some reaction. james, we've been talking about brics this general and how they've been criticizing developed nations for their loose monetary policy and saying how that is impacting growth in their own countries. do you think there is merit in that argument? >> there is merit in that argument, but only on the condition that you sort of take to the first step. you take to the second step, you have to bear in mind on

petro china finishing 0.8% and one stock dragging on the market was one of the biggest property companies here down 2%. its executive director, one of its directors has been charged with connection with bribery. an investigation by the anti-corruption board. very interesting and unusual to have that sort of level of corruption being investigated at that level in such a big public company here in hong kong. japan today, closed, nina, for the public holiday. >> yeah, andrew, you know how we were talking about how perhaps the optimism isn't underpin the by fundamentals and it's been the recent spike in 9 price of oil however it is finally abating a little after weeks of concerns over supply caused by western sanctions imposed upon iran. if we take a look at most reactive contract, the european contract, the brent crude for may delivery, this sunk 72 cents to less than $125 a barrel as libya left production to preconflict levels and saudi arabia has been stepping in to deliver on its promise to fill the gap. last month the united states and europe did that after tehran refused to end its uran

the new company is petro china. >>> and people are changing their priorities when it comes to paying bills. americans paying off car notes before credit card bills or mortgage payments. up till now, credit cards and house payments were the priority. >>> a former redskin telling it like it is or hating on his old team. >> hear who is predicting a gloomy future it he lands with the burgundy and gold.  never in my lifetime did i think i could walk 60 miles in 3 days. (woman) the goal is to bring an end to breast cancer. (woman) there's no doubt in my mind that komen's funding helped saved my life. the 3-day is my opportunity to help save others' lives. (woman) i'll never stop walking, not till we find a cure. it is the most rewarding experience i have ever had in my entire life. (man) register today for the... because everyone deserves a lifetime. >>> a huge win for the washington caps last night. but they almost let this slip away. we had a 2-0 lead over the boston bruins last night. but they scored two goals to force overtime. and it went to a sudden death shootout. and the c

petro china is number one because china is all in.t out. china pummel companies to expand abroad. we punish companies that expand abroad. china doesn't care where the sales come from, as long as they come back from china. we had a huge issue where sales come from. even when they come back to us. china doesn't care how many workers companies hire abroad. as long as the foreign workers know who hired them a paying them at home. china figures it comes back to china. we figure it better stay here. china gets capitalism. we apparently forgot capitalism. china makes partnerships that benefit china. we make partnerships that benefit no one. china is minting wealth at ten times our rate. we all but say being rich isn't great. china pushes workers to produce more than anyone on earth. half the citizens here are on the government dole. the highest percentage on earth. china is so so certain state. we give up states. they're planning to go to mars. we are building bridges to nowhere that i felt are playing to win. we're playing to lose. they sei

"petro" station.../ on... york road.../ áánearáá... the... ssate .../ fairgrounds.../áágasáá... .../ fill-up 3 foo455s.../ pump pattol ...ii always lookingg../ for... the lowest ...gas prices... in the thh... best price... in youu neighborhood...// ááatáá fox baltimore dot com. p3 some .../ anne &arundel ...county .../ moohers .../ áástartáá.../' a... grassroots movementt../ to.../ set... the clock... back...// at... public schools....//// schools....//// they say pany schools start before 7:30---m which poses a health risk for ssudents. students.janice park live at & ccty collegg high sshool in baltimore tooight...where the bell rings for the first class janice?classes herr at city college get started juutt beeore eiigt am...but mothers in anne arundel ounttsay they see first hand eveeyday...wwat an early starttto school ann a - lack of leep does to their kids. and in my hand, issaa copy of their online peeition...calling ffo change..... 3 terra snider pulls out of her ssverna paak home.. - 3&p"he'ssthe absolute last stop on the bus lucky kid, he's comes 6:48 and he's supposed

. >> since then it's grown into one of the largest petro chemical and plastics companies in the world >> i'm pleased to say right from the beginning we started giving money away to charity, over 40 years ago. even when i had to borrow money from the bank. >> i just wanted to have the best in the world. and i believe that's where we are today. >> that's. >> because cancer has hit his family hard. his mother who taught him about the importance of giving died from cancer. as diz his father and stepmother. and huntsman spared. he has survived prostate cancer, mouth cancer and two types of skin cancer. so he built a state-of-the-art cancer center that uses cutting ed technology to treat patients anticipate has top scientists searching for cures. >> i've learned a great deal about hospitals, services, food, cleanliness, about how patients need hope and inspiration in their lives. >> which is why many parts of the hospital look more like a hotel than a cancer treatment center. >> ooemp is so happy, so kind. >> huntsman also says the bigger challenge he's had to come was the death of his daug

the new champ is petro china outproducing exxon by 100,000- barrels of oil a day last year. people are changing priorities when it comes to bill paying. americans are reportedly paying off car loans befor cards or even their mortgages which used to be their top priority. speaking of mortgages, the 30 year fixed rate falling back below 4% this week. going online to order in, the living social site unveiling a new online food service. starting today account holds are will be able to order take -- holders will be able to order takeout or delivery in participating restaurants in 26 u.s. markets. that's business. i'm neil cavuto.   >> this fox 5 stock market report is brought to you by your lexus dealer. live life heroically. [ male announcer ] for making cupcakes and deposits at the same time. for paying your friend back for lunch from your tablet. for 26 paydays triggered with a single tap. for checking your line, then checking your portfolio. for making atms and branches appear out of thin air. simple to use websites, tools, and apps. for making your

the refinery and petro chemicals limited says it plans to cut purchases of iranian oil by 44% in theyear starting april 1st. >>> after years of uncertainty and slumping stocks, the reasonable gone is having a silent rally. this week saw some major gains in the region. let's start off by looking at saudi arabia where the benchmark index jumped to its highest level rising 15% so far in 2012. dubai's main market jumped as much as 30% since the start of the year hitting its highest level in 15 months, in fact, before selling off as you can see at the end there late in the week. finally, kuwait, it gained almost 7% so far in 2012. >>> up next from middle east and well beyond with operations in 11 countries, saudi telecom is broadening its reach. we asked the ceo of its international operations about its future ambition. [ male announcer ] why not talk to one of the 6 million people who've switched to the most highly recommended bed in america? it's not a sealy, a simmons, or a serta. ask me about my tempur-pedic. [ male announcer ] did you know there's a tempur-pedic for everybody? tempur

so want engineering construction space, we really like the names that work in petro chemicals and workand g. a company like cbi, chicago bridge and iron, they can build -- help build petrochemical plants, help build l and g lick question fax terminals and seeing a renaissance in the petrochemical universe in the u.s. because of the low feed stock created by low natural gas prices. >> do you think the prices continue to fall? >> i think that is a good for names. i mentioned cbi, but also some of machinery names like a caterpillar and cummins benefit over time from natural gas prices through engines, natural gas engines for cummins over time and for caterpillar, gas turbines and do gas-powered generator sets. these are things becoming much more economical now h >> makes sense. stephanie, you were looking at companies who use natural gas as the raw material. >> companies like a du pont, for example, you know this company, as i mentioned, they have the pricing power. they have really focused from being commodity chemical company to a specialty one, focusing on growth and the growth is ag a

can drill our way closer to energy independence for this continent and the president royces not all petro product are created fall. this is so low because we have way too much and it is land locked because of the difficulties exporting it. it can be used to the debt trim of oil for the trucking market that burns one quarter of what we import. do you want the price to go down? you don't have to drill wrb drill, drill, you just have it use, use, use. it is simply not true we can't bring down the price of oil. it's not true. a real competitor, liquefied natural gas, would destroy the pricing structure and bring down gasoline's cost. if you actually wanted that to happen, would you know this fact. the president makes it a pint every time it t.o. say that the -- it refuses to acknowledge the fact and it is a fact. if these alternatives do not work for surface vehicles. that's what is burning all of the oil. but not ak acknowledging the difference. there is less energy security, fewer jobs, terrible balance of payments and dirtier skies. how is that good? how? i can't figure it. all just to pro

but in terms of what we pay at the pump it's a whole global set of petro politics that we have got totalk about. >> so, dan weiss, can newt gingrich in his wildest dreams with all of the force that he has and all of the intelligence that he has, if he is elected, can he bring the price of gas down to $2 and $0.50 a gallon? >> no. he might as well promise to build a ranch for unicor fromnsunicorns. he is just as likely to succeed as with $2.50 gasoline. what's interesting about the price spike this year is that unlike last year, there has not been a major supply sdprupings. libya is producing about two-thirds the amount before the civil war. most of it is the driven by the fear should there be further instability with iran and development of nuclear weapons. the statistics you said at the beginning, where there is about twice as many wall street speculateos trading as there are commercial end users like airlines and people who use the oil suggests they are trying to rise up the price using the fear to be successful and create sort of an inflationary psychology that these people -- lead

cokekoch brothers have sold millions of dollars of petro chapelchemical equipment to republicaniran.uhyou buy enough politicians the rules don't apply to you. talk about this, well will bring in dave leafvinthal and he has ben been covering these issues for politico for ah long time ricks, including teahe numbers i gave uhyou from the chamber feof commerce. dave first of all, talk to me about how bad this problem is . how per vasevasive is it in hourour politics? >> the thing about teahe cokekoch brothers and what really set them apart from most politicians or most political activists out there is that they have really run from teahe alpha ss to the 0 magomega to where they are putting their money. they are not just doanenate inging to candidates, doing anything related to super p asmta krchltc sleets which have been merge edd in the presidential race as ah force. they are dumping money to politicsians driblth, to non- nonprofit organizations, pred ing it far and wide. >> that's why they have been so successful in being teahe players they are, not only this election cycle but for tho

in fact, using those kinds of economic sanctions to drop the petro dollar influx into iran.supply shock is not the entire 3.5 million barrels they're pumping today, but a little less than that. in fact, it goes out at a lower discounted price to the chinese, but again, it would have the impact of hurting iran so they would be forced to the table, have to give up some of their atomic aspirations here. >> hey, dan, thanks for joining us. >> okay, michelle, thank you! >> how are you trading energy, josh? >> we just put on a pretty sizable position in conocophillips. if you look where that company's assets are, they're not involved with the saudi arabian stuff. they're not in that whole play. so, heaven forbid there's some kind of super spike or geopolitical event. conoco, actually, would be a beneficiary, in our view. higher prices are great. they're not the whole story there. there are a lot of other things happening, but we like that name. >> their production facility's untouched, yet they benefit from a rise in the price of oil. >> refining, they have the whole package right

you know, megyn, it's sad, but this president is guilty of petro phobia. he's simply afraid of allowing americans to have the oil, the diesel, the gasoline they need to make the country run. this is a sad thing when we see the intolerance of petrophobia practiced from 1600 pennsylvania avenue. the president needs to get over it, get behind the pipeline, allow those union jobs to go forward and allow that oil to flow. if we can allow millions of illegal aliens to cross our border, can't we allow a few hundred thousands gallons of barrel as to cross our northern border? megyn: pet rowphobia, leslie, you've got to love that one. if president is so open-minded to this depending on the environmental review and how things go, then why is he calling senate democrats? because they say this could be tight, he could lose. why is he lobbying senate democrats to stick with the white house and not vote yes on taking the decision out of his hands? >> because, quite frankly, the state department hasn't been able to complete a full review, even the governor of nebraska wh

pero donz, petro nyla. ito mÍo. transita. semfor.lo conseguimos en cualquier tienda mexicana. >>> para la gente que no sabe lo que es el nopal explica que es pedro. >>> por lo pronto vamos a cocinar los nopales cebolla, un poquito de ajo, gÉneross en el ajo. porque entre mÁs sabor le pones mÁs rico sabe esto ¿no? >>> creo que ya sabes. >>> hay que cocinarlo ahÍ y perfecto. vamos a aÑadir el camarÓn seso. >>> ¿todo esto?. >>> seguro que sÍ, todo eso y el maÍz, no tenga miedo seÑora en casa, es sencillo. si se le tira algo, no se preocupe, rec jalÓ. los nopales, que ricura. el cilantro es una hierba y es increÍble. >>> un tips de cocina. el clavo. >>> para limpiarse los dientes utilizaban el clavito. >>> pasamos aquÍ con un poquito de aceite aquÍ, ciente y haremos nuestras tortas, mira nada mÁs. redonditas y pequeÑas, sin miedo. como por 30 segundos. y al final, ya tenemos esto, ¿no?. >>> al film qnal quedan asÍ seguimos con los nopales. >>> hay mucha gente, que es la base de la comida en mÉxico el nopal y la gente que no sabe, como lo