brian: i want to show you old iramco.f a ramco -- a arabia.of saudi faith but somewhere within these far-reaching sans was the key to a richer life for the saudi arabs who so long have known a scarcity. perhaps this country so productive on the service might contain minerals below the surface, including oil. on may 29, 1933, after weeks of discussions, there was a meeting on the outskirts. it was there that government officials representing his majesty find 320,000 square miles. this was the starting point of a new american business venture abroad. brian: reportedly, that company has worked between one and $10 trillion. no one knows for sure. what is it? it used to be the arabian american oil company. the government bought all the shares. it became fully owned by the saudi government. now it is known as the arabian oil company. oils in charge of producing , and all the oil is under their control. it used to be the largest producer of oil in the word. america then took over. saudis.lly owned by it has not changed in the last 80 years. are you blaming america for the discrimination aga

you know, the saudis are looking at 2018 and the initial public offering of ramco which is going to beuld think that they'll do whatever it takes that that's successful public offering and that means not devaluing the currency, maybe they won't do that. they've already seated market share. they are going after market share in asia, but they've seated market share mostly to united states and to canada and to libya and nigeria. now, libya and nigeria can always fall off the map very quickly, probably as chaotic countries as you can find, canada is pretty solid and we don't have to worry about factions in alberta. >> you know what i find interesting is you see energy stock down 13%, oil prices down 15%, but the credit markets are really still open to these companies in the u.s., what does that tell you about oil prices? you have equity companies to build new rigs. >> probably people still have false expectation that is crude is going to go back to 60 to $80. that's number one. number two, there's a great, great distance between what some of the most efficient well capitalized countries ca