and texaco was, as was a lot of other american companies, dealing with the germans all the way through the 30s and the texas oil was supplying fuel to the german squadrons that were at work in spain and by 1953 wilbur was the grand old man of the m american oil business. here been part of the people who set it up in saudi arabia in the 50s and the americans were having trouble in iran, democratically democratically elected president of that country, but he was threatening to take the oil business, nationalize then take it back from the british. it had been anglo british oil. reber was called down to washington and was told to bring a message and the message was, you either give us the oil or we kill you, it was that simple. so your answer is yes. there's a lot of, there are a lot of people that have written books of various angles of this. but america is a warmaking country. we have been for a long time. >> will take another quick question. >> you highlight the arrogance and stupidity of the conservatives, particularly embodied in donald trump, but what are your thoughts on the arrogan

you could have criticized texaco shareholders. you could criticize me and say, you own texaco., i'm not telling you i'm doing it for charity, it also helps hundreds of thousands of share holders when we clean up over the years. to say that my input shouldn't be -- should be criticized because i own a refinery which is a small part of my portfolio, i want to clean that up. let me go into the criticism you have. i'm not here telling you i'm an environmental expert. there are other people that are more expert on that than i am i am not a critic of the rfs. i do believe that to some extent we've gone overboard concerning the environment, i leave that to the experts in that area. i will tell you what i'm an expert in, i'm an expert in seeing stupid things being done, i'm almost i have it on my twitter or one of those things i put out. some people make a living studying artificial intelligence. i make it studying natural stupidity. and what the epa is doing is natural stupidity. they're ruining companies for stupid reasons. >> when you talk about stupidity on one end, in terms of an

by 1930 was the chairman of the board, and texaco as for a lot of other american companies dealing with the journalists all the way through the 30s. texas oil was supplying fuel to the chairman squadrons that were at work in spain. by 1953, he had been part seven of the gulf and saudi arabia and the americans were having trouble with the democratically elected president of this country. but he was threatening to take the oil business back from the british. it had been a british oil and he was called down to washington and told to go to bring him a message. the message was you either give us the oil or we will kill you, it is that simple. america is a warmaking country and we have them for a long time. you highlight the arrogance and stupidity particularly in embodied. >> i don't make that much of a distinction between the neoliberal and if you read the book you will see that it goes across the 25 years that i have just as many observations. as far as i know, hillary clinton seems to be part of the washington consensus which has been there for a long time and it's nonpartisan. >> cannot

close ties with the russian government, the government of nigeria and texaco and energy sequences around the world. it is something we don't know and -- >> negative implications, one of the largest energy companies on the planet. if he didn't have relations, he wouldn't be doing his job. >> i look at energy concerns between russia over ukraine. a rival does that. they talk smack, throw shade. mitt romney said some things about donald trump. >> i am surprised he is still in the running which i listened to what he said and it was pretty bad. this whole process, obviously not going to pay somebody back for having helped him on the campaign but look. there is a lot of work to be done at the state department because our position has declined under obama. we need someone who will project strength in the world and if you ask me, i like rudy giuliani and the fact he is not entering in and out of trump tower, what does that mean? he can pick up the phone and call donald trump. one of the strengths is he knows donald trump so well. that is a great pick. >> you have talked about who you like. any s

that's like saying i cleaned up, say texaco, i did tobacco, i did forest labs. shell has made hundreds of billions of dollars on this. none complain about the fact carl icahn helped to clean them up. i've never heard one shareholder say we've made a lot of money, carl, but we don't like the fact you owned the stock. i'm in these companies but i don't init tend to take -- it's almost like saying you shouldn't listen to jamie dimon or brian monaghan about banking regulations because they have options on the bank. it's sort of a crazy issue. i preempt ed -- i figured you'd bring it up and i just want to preempt it. >> you referenced it right off the beginning part of our interview, the conflict of interest question. >> it's been brought up several times. i know you, i knew you were bring it up so i preempted it. >> i'll take that as a compliment. i mean, some would say, though, should the guy who owns a cvr energy, a refiner, be helping shape an issue that directly affects the refining industry. >> discussing regulations at the bank -- bank regulations. he's also t

names of the victim the drop box account has since been deleted >>mark: they announced the seattle texacoe transition team are framing the international business ties as a plus >>darya: she declined an offer to the white house press secretary for donald trump shook my were for political organizations supporting him she is serving as the senior adviser to a transition team >>mark: they found a man with a knife sticking out of his chest to he has not been identified but he did die at the scene >>anny hong: the storms are making a hard for people to get to work the person rabaul sitting in their car and we will be right back. now... ways to avoid becoming a member of the "freshman fifteen" are next - announcer: here at airbnb, we want to work with the city on new common-sense home sharing rules. to help protect affordable housing, we've launched a one host, one home policy. so hosts may now only rent space at one address in san francisco. and we want to work together to improve the city's permit system so that it's simple, fair and effective. together, we can make the new rules work for all

companies texaco or to canada.s there big benefits we have to get up there and speak about both the government and private air. >> when we're looking at what we could call nafta to point out, where do we go from here? there's three main pillars here in the first one i've discussed essentially doing a realistic fact-based assessment of the impact of the north american free trade agreement of all three countries that could then be benefits for the u.s. we have to analyze that deeply and distribute the information, get it out there so people understand what impact it has been day-to-day life. the second element is the recognition of course the trade agreement can be strengthened, can be modernized. many of the disciplines that the tpp didn't exist. elements of intellectual property rights protection, the digital economy from a state owned enterprises, all listed issues we can analyze and a strong cooperative agenda that it says between u.s. and canada, but in the example of mexico in the u.s., the agenda to work on el

so there's the super major in exxonmobil and chevron texaco. >> of course. >> but if i think of somethingdependent, huge asset base, huge footprint of leasehold. decades, right, of drilling inventory. very efficient operator and an ability to grow against a conservatively and well structured balance sheet and effectively get to the point where you're generating more free cash flow, more cash flow than you're investing in your business, which is almost unheard of in the energy business, right? >> yes. >> the idea that we would sit here and have a conversation about a free cash flow generating company defined as n e and p company is almost unheard of over the course of my career and many others in the industry. >> finally, mr. tillerson, sflt, you talked about super majors, he ran the biggest of them, as did your dad. do you think it's one that lends itself to being secretary of state? >> so in some ways i do. maybe setting rex aside for a minute, my suspicion, i haven't talked to him obviously, but i think what president-elect trump is trying to accomplish here is to reinstate a relationsh

make investments in certain properties say they will be ok the murder what closes down with china or texacoand see? tim: we will have to wait and see. on the other hand, we do know that mr. trump will use the bully tactic. he will continue to use it and i suspect that will cause some change in corporate behavior along the way. alix: in 2017, what is your strongest conviction? tim: crowe is accelerating. i travel a lot around the world, -- growth is accelerating. i travel a lot around the world, and what has grown is this populist movement. not something just in the states. not something we just saw in the italian votes, but something we seen other democracies. i think what we see is the beginning of a change in attitude, that monetary policy was not equipped, well equipped to handle the crisis on its own, and now we move toward this goal. we should begin to see more theal stimulus throughout next several years, but not only in the u.s. but other countries, even europe. jonathan: great to have tim hopper with us, tiaa global asset management. coming up, what latin proverbs have in common. i