. >>> it was supposed to be saudi america. we are producing a lot more natural oil and gas, but are you feeling it? the promises of thousands of new jobs and lower energy bills nowhere in sight. and this summer, driving the car, running the ac, is getting more expensive. gas prices have surged after dropping just a few weeks ago. take a look at this. from the july 4 holiday until monday, you got gas prices up 17 cents a gallon. electricity prices are also rising. check out the change at the wholesale level in some of the country's biggest trading hubs. in massachusetts, up 101%. in new york state, up 65%. washington, oregon, minnesota, arizona and california all with huge gains. why? the manager administration says it's the rise in the price of natural gas that's used to make electricity. you might not see those increases in your energy bills, at least not until maybe next year. now, many areas got a big break from the sweltering heat this week, but you may have to keep that air conditioner on well until september. the nationa

and new technology now means america is on course, amusingly, to produce as much oil as saudi arabia. international experts say america's oil fortunes suddenly have been transformed. >> it's changed rapidly. the change has occurred in a very short period of a couple years. if you look at the forecast of three years ago, most people expected continuing decline of production, and now it's a very, very different situation, very different outlook, and it really happened very, very quickly. >> so where does this leave alternative energy? this dense mass wind turbin stands not far from the oil fields. a new flood of oil could undermine moves to get away from fossil fuels. >> we need to win the battle against this big, new oil boom in california. we have to win it in california where we pride ourselves on being a leader in responding to the climate crisis because if we can't win it in california, where in the united states can we win it? >> but huge new reserves of oil are being developed, and the stuff itself is in hot demand. it is becoming harder to get oil out of the ground. you have to

and new technology now means america is on course, amusingly, to produce as much oil as saudi arabia.tional experts say america's oil fortunes suddenly have been transformed. >> it's changed rapidly. the change has occurred in a very short period of a couple years. if you look at the forecast of three years ago, most people expected continuing decline of production, and now it's a very, very different situation, very different outlook, and it really happened very, very quickly. >> so where does this leave alternative energy? this dense mass wind turbin stands not far from the oil fields. a new flood of oil could undermine moves to get away from fossil fuels. >> we need to win the battle against this big, new oil boom in california. we have to win it in california where we pride ourselves on being a leader in responding to the climate crisis because if we can't win it in california, where in the united states can we win it? >> but huge new reserves of oil are being developed, and the stuff itself is in hot demand. it is becoming harder to get oil out of the ground. you have to dig deep

assertion was they were better with brutality and human rights violations and consequently the saudi americasshould be closed. so the name was changed to the school of the americas to the school of the western hemisphere. part of the cover is the name has been changed for the school, as the school of the western hemisphere. what i would say is, yes, i do think that we should close the school of the western hemisphere and have a school of the world. we should continue to do this, we have to have these relationships and we have to do it at this kind of capacity. but at the same time we need to train and teach and educate those who come through our schools that the best course is one who respects human rights, better for the individuals who have the power and certainly better for those who do not have the power. >> we need to be mindful that we do not have the best record in the past on this. we have, in fact, when you go back to some of the people that we were doing business with in the 50s, 60s, 70s, 80s. we have to convince the world that we have it and we are changing the way we approach thi

the saudis are apparently worried about how much oil and gas we have in america. reports saudi prince has written a memo where he warns the u.s. fracking of shale oil is going to hurt the saudi economy. 92% of the money in the saudi economy comes from oil. fracking is controversial, scientist as degree the amount of energy in the u.s. is enormous. the deposits have oil, natural gas. so much kas gas gas in canada, it's too cheap to ship pitch tanker is more expensive to move than the value inside, there's so much of it. >> scott, thank you. the facebook thing, it's all relative. five cents now feels pretty good. >> depending how much stock you have. >> exactly. hitting the right direction, we'll take five cents any day. christina loren how's the weather looking? >> looking good. i want to point out now, we still have that smoke drifting into the bay area. fires burning well to our north. keep that in mind today. we'll give you a complete update in a few moments. 84 inland today. bay side 72. 59, a cool day, for you at the coast. hazy conditions. let's check the dri

america the same. attitude toward saudi arabia the same. attitudes toward turkey and russia the same. nothing moved by iran. why did the iran numbers move in november of 2012? the pupil is april of 2012. -- the pugh -- pew poll was in april of 2012. they were not seeing iran at that point through the prism of the united states. they were seeing it through the prism of israel. they were seeing it in a different way and they came up with different answers. 77% of pakistanis have a favorable view of iran. they had different numbers on each than we did. i do not think 50% of some arab countries support a military strike. our numbers were different than that. if you are planning a military attack on iran and you want to go with the pew numbers, you pay the price for it. i am not sure what we find out -- found out was not true. i know what your view is of it. i remember dealing with liz cheney and telling her that saudi arabian men were more supportive of women having equal rights. she said, i met four saudi arabian women and they disagree with that. i said we interviewed 1000 and they had

simmons the founder of simmons and company the largest oil investment firm in america in the late ninety's simmons discovered that saudi arabia was lying about their oil reserves the realization that the largest oil fields on earth were soon to decline changed his life he became an advocate of wave energy invested into its development she wrote a book about the coming and middle eastern oil. as the drama of the deepwater horizon played out matthew spoke up and what he said was shocking yes we were. just large research this. was the most specific information we know eleven hundred meters below the surface is not the next is the four hundred four hundred meter lake i'm very. pleased. on august fourth the white house sent a time out an energy of size or carol browner on a series of t.v. interviews where she countered simmonds assertions more than three quarters of the oil is gone the vast majority of the oil is gone it was captured it was standing it was burned it was contained but mother nature did her part there was certainly an effort to control the way this event was seen in this event was a media story it had that qu

saudi arabia. there's no country that produces more oil compared to their reserves than america.we 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. we aren't doing it for wha reason reason. who knows? >> steve, maybe you know. >> i'm with anwar and keystone pipeline. but with fracking causing earthquakes increighing threefold you'd be careful toing that in cal kpal. >> tracy

simmons the founder of simmons and company the largest oil investment firm in america in the late ninety's simmons discovered that saudi arabia was lying about their oil reserves the realization that the largest oil fields on earth were soon to decline changed his life he became an advocate of wave energy invested into its development she wrote a book about the coming and middle eastern oil. as the drama of the deepwater horizon played out. matthew spoke up and what he said was shocking. thomas. largest research this. was the most specific information we know eleven hundred meters below the surface is not the next is the four hundred to four hundred meter lake under a heavy oil lease itself last. august for the white house senate climate and energy it carol browner on a series of t.v. interviews where she countered simmonds assertions more than three quarters of the oil is gone and the vast majority of the oil is gone it was captured it was standing it was fur and it was contained but mother nature did her part there was certainly an effort to control the way this event was seen in this event was a media story it had t

america to believe what. so basically when the saudis or the iraqis or the do or the turks or the called thirty's when they provide the should invest providing for the road she said that the same d.n.a. that cousins use share a language to share with a faith who share a culture and tradition now what you're saying is that because you are an arab because you are a muslim you for some reason have the same right to protecting the syrian people but to me it sounds just as you know condescending as the bushes claim. you know supposedly call your responsibility here. i sunday millions of egyptians took to the streets marking the largest protests in the country's history of so large in fact it's far surpassed the numbers that came out to oust mubarak during the two thousand and eleven uprising the widespread protests mark exactly one years since the inauguration of mohamed morsi the country's first democratically elected president but now protesters are calling for his resignation already five cabinet members as well as the country's foreign minister have defected and the country's military has given morsi a forty eight

. >> radical islam is against everything in america that is right. go to saudi arabia. go to saudi arabia and go for a swim. go to dubai. >> excuse me -- >> let her finish. >> i'm not going to go to dubai with my boyfriend. all right. all right. ly put that on my to do list. i will say this about the cover. did anybody read the article? it could not have been more hard hitting against this guy. it was. oh, my god. >> at least they had a professor. surprised there are more angry muslim students. they said he was brainwashed by his brother. they said flattering things about him. that's not true what you said. >> sally, go ahead. >> first of all, the problem in this country is extremism. people who think they should be able to impose their will on other people and whether that's radical islam of of any kind -- >> why give this guy -- >> i think it's wrong an part of it is because it laws this individual above the common good and collected interest. >> and while i agree they shouldn't have put this on from an editorial standpoint, i do think "rolling stone" is moving in the

means america no is on course, amazingly to produce as much oil as saudi arabia. international experts say that american oil fortunes have suddenly been transformed. >> the change has really occurred in a very short period of a couple of years. if you look of the forecasts of a couple of years ago, most people expected continuing decline in production and now it is a very different situation and outlook that happened very quickly. >> where does this leave alternative energy? this dense mass of wind turbines stands not far from the oilfields. a flood of oil could undermine moves to get away from fossil fuels. >> we need to win the battle against the this oil boom in california. we have to win in california, where we pride ourselves in being a leader in responding to the climate crisis. if not in california, where can we? oil arenew reserves of being developed. it is becoming harder to get it out of the ground. if you have to dig deeper, it costs more, takes more energy, but the key thing? it is plenty left. the oil is not running out. oil willt sources of not be th

america. we would be bigger than saudi arabia. and we're stretched for everything.e are a marginal producer. >> in order for his plan to work, pickens proposes replacing the natural gas that's now used to generate 22% of the nation's electricity with a new source of power, wind power, created by thousands of wind farms that would need to be built. how do you know the utilities are gonna take wind power as a substitute for natural gas? >> that may be a mandate. >> so that's a critical point. you may have to have the government demand this happen. >> right. >> suppose it doesn't work. suppose the pickens plan doesn't happen. what happens to the country? >> oh, well, the plan then is foreign oil. you're totally at the mercy of foreign oil. >> but it's not at all simple. it would be a massive undertaking, requiring more than $500 billion of private investment in wind power and $150 billion in government subsidies. and pickens wants the next president and congress to remake the nation's electrical grid by declaring emergency imminent domain to run new transmission lines

and it sure beats prices -- >> america has become accustom to celebrating mead diocracy. george bush's best friends were saudi arabian princes, he was trying to hurt the average american, dick cheney was orchestrating the whole thing. under president obama, it's great news. oh, and by the w, a couple hundred thousand jobs, 3.50 gas. but to your political argument, it's what you get used to. if you are pounded by negative news, negative news -- >> we should be growing 400, 500,000 jobs a in, right? >> absolutely. and we get used to it in part because the media helps us get used to it. >> and also fuel economy standards have improved. >> julie, what do you think? >> i think he's right. you guys are complaining that obama wants to raise fuel standards is, but that's pretty good news for gas standar. it will make that tank of gas go a lot longer and i think that's pretty good. i'm not oppose to the keystone pipeline. but we do know that it's not really -- i mean, from fact checkers and others who have looked at it, it's not really going to affect the price of gas. we can sit here and pretend it's going to be a ma

seventeen moscow time now the obama administration is the saudi whether to use force in syria that was revealed during the senate testimony of america's top military man who told the senators that he has presented the president with options for a military intervention is going to teach us more washington correspondent. i got what exactly did the general have to say the. well kevin this thursday members of the senate armed services committee were very eager to hear about what options the u.s. has in order to remove bashar assad from power and u.s. army general martin dempsey the chairman of the joint chiefs of staff said he provided president obama with the options for the use of force in syria he said the u.s. is considering what he termed as kinetic strikes in syria but he did not go into further details we see that the war talk is escalating and not just on this side of the atlantic british generals basically echo what the u.s. says but in even stronger terms we heard from the outgoing head of the british army that invading syria is the only way to topple assad so we see that generals are doing what they do best they are planning wa

america. programs are increasing worldwide, russia, the middle east, saudi arabia and iraq as well as china andenue is expanding. in previous years we've seen more roll outs but they often required services to be given away in unattractive markets. that is, and i quote, obviously helping profitability. including in this mix, turn down some business that's less profitable than they would like. something that can be done because the rest of the company is so strong. they grab the attention of buyers. there's massive competition right now. they're all looking for the same thing. exactly what they're giving them. growth and top and bottom line as well as fantastic visibility. that's how $100 billion company and another point today when so many companies reported and there's so little time to be able to differentiate between them. stay with cramer. [ male announcer ] here's a word you should keep in mind. unbiased. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual fund

america. hostages taken in tehran in 1979, embassy and marine barracks bombed in 1983. saudi arabia in 1996. >> she essentially said to understand benghazi, you have to understand a series of terror attacks that had occurred before. is she right? >> she is certainly right in terms of understanding the ideology that fuels these attacks. >> andrew mccarthy, a former federal prosecutor who won a conviction of the blind shaikh that plotted to bomb new york city tunnels and landmarks in the 1990s. >> the motivating cause of the attacks, it is us against them. we are the them. >> reporter: the difference between the obama administration and its critics is the lesson that each has learned. through the '70s, '80s, and '90s, the united states dealt with terrorism as a crime. >> what we found, we were repeatedly attacked, and attacks became more audacious over time. >> reporter: and the result was the first september 11th attack. >> reporter: john boulton is a fox news contributor. >> it was that attack, tragically, that made us realize that we were in a war. and that the way to deal w

war we increase profits for friends in saudi arabia our friends in cutter our friends in kuwait our friends in dubai you make a good point that the only time america or any country by the measure is indebted to the extent that america is in debt now sixteen seventeen trillion dollars in debt officially seventy eight trillion dollars on officially is because of war during wartime that's why i say this isn't about wars and a war on terrorists and a war on drugs it's not a war on anything it's suicide it's a guy who essentially puts on this suicide vest and is blowing himself up and the country that is supposed to be serving as a result people are buying oil because they know a suicide bomber when they see one and this is a suicide banker then banker suicide banker been inky speaking of fear continuing on this whole line of the war in terror which is also added a premium to the price of oil the case for abolishing the eight s. this is the department of homeland security which was created post nine eleven and the first year of its budget was two thousand and two the budget was twenty billion dollars last year sixty billion dollars so businessweek is s

the report from california, america is on course to become as big an oil producer as saudi arabia, soho needs wind farms? the latest in the world of business, the chinese dragon losing its steam. >> partially because the chinese economy has slowed again and if it carries on like this it will have the least amount of growth in 20 years. should we care? you betcha. it affects us all. ♪ >> hello, it is midday in london, 5:00 p.m. in bangladesh, 7:00 a.m. in the united states, where the acquitted george

so far saudi arabia, the uae and now kuwait have announced a total of $12 billion dwarfing america's foreign aid to egypt. they claim that deposed president morsi is safe under house arrest. more arrests of his muslim brotherhood supporters have caused outrage in the streets. a man m-- we have the report. >> that is the perspective of the opponents of ousted president, muhammad morsi, who are behind the campaign to get him removed from power. they have expressed satisfaction with the interim prime minister's appointment. more importantly they have expressed some reservations but have endorsed the constitutional declaration that has come out essentially paving the way for egypt's transition to democracy. more importantly, the supporters of the ousted president, they remain very bitter about what had happened to him. more importantly, angered by the killing of more than 50 people. most of their supporters. they will continue their sit in. in fact, later this evening we understand they will be holding a symbolic funeral procession for the palace. they are angered by what happened and de

america that is right. the freedoms that we have. the freedoms as you as a woman, go to saudi arabia and go for a swim or go to dubai. >> thank you for the invitation. i will put this on my to do list. did anybody hear read the article? it could not have been more hard hitting against this guy. it was. the article, oh, my god. >> at least they had a professor who said they're surprised there aren't more angry muslim students. they said flattering things about him. that's not true what they said. >> sally, go ahead. >> first of all, the problem in this country is extremism. people who think they should be able to impose their will on other people. whether that's radical islam as opposed to -- >> why give this guy -- >> i think the cover's wrong. it laws the individual above the common good. >> while i agree that shouldn't have put this on from an editorial standpoint, i think "rolling stone" is moving into a magazine that's going to take on public affairs issues. >> there's no excuse for the cover, but i want to bring us back to the political realm for a second. when you have a

. >> we could surpass saudi arabia in seven years as the world's number one producer of oil. >> along with neighbors canada and mexico north america is more and more self reliant. the u.s. was importing 60% of the oil we use. >> now around 40 to 45%. by 2020 we will be down around 30%. >> we have the ability to become energy self-sufficient in our own soil in less than a decade if we get the policies right. >> reporter: all of that is drawing manufacturing companies back to the u.s. because energy especially natural gas is so plentiful and cheap. >> energy is a decent part of your own going cost. this is really cutting your cost and increasing your profits. that produces the feed stock essential for manufactured products we use every day from cell phones to ipads to materials for automobiles. >> reporter: that means more manufacturing and more jobs in the u.s. as many firms that shifted production overseas because of cheap labor are coming home because of cheap energy. >>> thank you. you will be outraged to learn just how difficult it is for our nation's veterans to get the benefits they have learned. and up next -- >> fire. >> th

america. the fact that there in pursuit of his debt to be real. lou: the further intelligence that saudirabia has two missiles, icbm scum appointed -- misses, i should say. not icbm. ready the strike from within its borders against iran israel. my first question is, why a we learning this? is has been obviously a closely guarded secret. this seems to be a point, an inflectionoint of some kind in which suddenly we're being immersed in previously classified top-secret information. one suspects that is not an accident. >> none of that as an accident, surely. people are relsing the information. th regional opponent to the iranian objective and dominance of the middle east. that has been true since 1980. said the saudis have missile defense systems that they're developing. they certainly have offensive missile technology. we can make an assumption, lou, that the saudis at least have people in terms of consulnts helping them develop nuclear technology in the event that th3 iranians have a nuclear weapon because if they carry into a nuclear weapon, there will be a nuclear proliferati in the mid