possibility of being cut off from russia's markets is also worrying america's business leaders u.s. energy giant x. mobile has a nine hundred billion dollars deal with russia's rusnak hanging in the balance and six hundred million already invested j.p. morgan must also be holding its breath as the u.s. threatens to target a financial sector it earned fifty six million dollars in vestments banking fees in russia last year technology firm intel is also a keen investor it has spent around one billion u.s. dollars in russia over the last twenty years the next set of sanctions could target russia's energy sector but that could also be a big blow to u.s. and european energy giants who have a lot of interest in russia some at a g. bosses were spotted at the latest petroleum congress in moscow and here is the c.e.o. of exxon mobil rex tillerson bob dudley had of british petroleum was also present as was the boss of norwegian oil giant stadol while many there said they wanted to keep politics away from business but this is really a good. relationship it's developing. according to the culture we don

the last twenty years now the next set of sanctions could target russia's energy sector but that could also be a big blow to u.s. and european energy giants who have a lot of interest in russia now some energy bosses were spotted at the latest petroleum congress in moscow and here is the c.e.o. of exxon mobil rex tillerson bob dudley they had of britain's b.p. was also present as well as the boss of norwegian oil giant stanwell and manny they're sad they wanted to keep politics away from business. this is really a. relationship it's developing. according to the culture we don't believe this kind of stuff we want peace now some of the u.s. business community fear even temporary sanctions could end up in the long lasting damage to their russian exports economic expert from the university of massachusetts richard wolfe says american companies have good reasons to be worried . the united states has direct an interest in direct investments in russia it has made plans to get access to russian energy which it has made plans to get financial benefits by banking deals between russian banking and financial officials and

year is the cost because of these energy efficiency measures, they are predicting a decline in u.s. energy >> and you're saying that's up likely if you want a growing economy. so you're predicting the reductions in energy and saying that may be rooted in a very poor economic forecast. >> it is a very bleak forecast. look at the crummy job report. another mediocre report we got on friday. the economy bumping along. this is not a job creator. they have to find ways to limit energy use. >> off lot of democrats from energy-producing states, some up for re-election this year. and i'm fascinated by the president's decision to risk this politically this year when the senate control could be in jeopardy. why is the president and the national democratic party willing to take this risk right n now? they could have waited until next year. >> there are two things, the president wants to start putting into place right now whatever will be his legacy for the final -- for the end of his term. and it takes a long time to put it in and take credit for it now. two, green activists in his party, tom steyer,

it is a scenario that could impact a number of u.s. energy companies. starting with integrated oil giants, exxon mobile has the murphy oil all have operations throughout iraq and of these names, exxon the most exposure. but analysts say that the oil still accounts for only a small amount of the global production meaning the benefits associated with rising oil prices could more than offset the negative impacts with local disruptions. >> the other 95, 96, 97% of the business for these guys is now theoretically more profitable. there is more business to do because the prices are higher. just so long as you don't get it so high that you start to worry about gdp growth and damage. >> and oil services companies that service and maintain oil company equipments. >> you're talking about haliburton and baker hughes made an early push into the country, lot of operations in the south frankly have not been very profitable. they are pushing that back to break even, or do a little better even, have had success with that. >> they have had an impact on the companies, bo

the cost, but that's because of the energy efficiency measures they're predicting a decline in u.s. energytion. >> what you're saying is unlikely if we the want to have a growing economy. so if we're predicts these reductions in energy, that may be a very poor economic forecast. >> it is a bleak forecast. and you look at where the economy is now, you look at the crumby job report, another sort of mediocre report we just got on friday, the economy bumping along. this is not a job creator to say now we're going to find ways to limit energy use. >> kim, i want to go to the politics of this, because you've got -- you still have a lot of democrats from energy-producing states, some of whom are up for re-election this year s. and i -- i'm fascinated by the president's decision to risk this politically this year when the senate control could be in jeopardy. why is the president and the national democratic party willing to take this risk right now? with this plan? they could have waited until next year. >> i think there are two things. the president wants to start putting into place right now what

knology transfers would also harm u.s. energy companies that do business in russia this is precisely what moscow warned back in march when foreign minister lavrov said any sanctions imposed on russia would come back to hurt the united states the white house told bloomberg news that the obama administration has had frequent conversations with business leaders on the issue and understands their concerns but that the u.s. can't just go on with business as usual now the obama administration is threatening to use more sanctions on russia despite its recent steps to deescalate the crisis in ukraine at the request of president vladimir putin russian lawmakers voted to stick to revoke legislation allowing for the use of military forces in ukraine however it seems the white house is still expecting and demanding more from moscow . washington d.c. . well russia being an emerging market with growing incomes has been quite attractive for u.s. companies and the possibility of being cut off from that market is making america's business bosses

the u.s. energynformation administration has, quote, cleaned the data, and it's disappointing, after initially suggesting that more than 15 barrels could be recovered from the shale, using existing technology, they now believe the number of recoverable aisle barrels could be 0.6 billion, instead of four or five times the potential offal bakken, not so much. it says the thermally mature area of the shale is the 0% smaller than previously thought, in an area of tectonic plates with significant fractures, allowing leak, and it's not overpressured and lacks the gas drive. and the agency said exploring forred that i faces significant economic challenges. that's not even counting the regulatory challenges for fracking in california. sue? >> what do you think, ron? >> this story was leaked a couple weeks ago earp there were some energy experts talking about how technology may ultimate -- five years ago we were talking about peak oil theory, and then the shale revolution started with fracking and horizontal

port of u.s. energy. the stocks had a big run so i think this is one you buy back on a pull back but the mlp space also in etf form is a good way for individual investors to play the space. >> you know, rich, i want to circle back to where we started this conversation, your outlook for the market. we're coming up on earnings season and we'll hear from ceos on the calls. what do you expect to hear and might you change your outlook and change your mind about the markets depending what you hear? >> at the beginning of the year when you and i spoke last january, we had a target based on the earnings we talked about. if we start to see in the next two weeks better that companies are getting much more upbeat, we'll flick the switch to 2015 earnings. if you apply a 16 multiple to those earnings were lower than the street, you could have an eight to ten percent upside between now and the next 12 and 16 to 18 months. we're not ready to do it get. we think this market needs a break. there is investors with money o

capital coming up if you officials throw balls in the south stream pipeline u.s. energy plans russian shoppers foreign pilots to fly russian planes right expenses and off area in princeton cabbie he'll be here a little later on that's all to calm. the world cup sadly from a england is out of the competition on the twenty ten champion spain they're also out but despite that it monita the spanish team is still the most more than nine hundred million dollars just that that's almost ten percent of the market value of all world cup play is this is partly down to competition success from madrid they won the champions league this year while the national team triumphed of course in twenty ten at the world cup in south africa curve course we also have the european successes as well euro two thousand and eight twenty twelve unless there are we've got germany brazil but unfortunately england and italy they are our book big money spending it on the other end of the scale there's doris at the bottom just here with thirty one million dollars but these thieves these four teams just her

u.s. and european energy giants have a lot of interest in russia and some an a g bosses were spotted at the latest petroleum congress in moscow here's the c.e.o. of exxon mobil rex tillerson bob dudley had of british petroleum was also present as was the boss of norwegian oil giant status while a manny there said they wanted to keep politics away from business. this is really affected their doing relationship is developing. according to the culture so we don't believe this kind of problems we want these now some in the u.s. business community fear even temporary sanctions could end up in a long lasting damage to their russian exports economic expert from the university of massachusetts richard wolfe says american companies have good reasons to be worried. the united states has direct an interest in direct investments in russia it has made plans to get access to russian energy it has made plans to get financial benefits by banking deals between russian banking and financial officials and americans and if it's russia there's a reaction against pressure from the united states then there are wa

a lot at stake here with an excessive sanctions could target russia's energy sector we think a much could also be a big blow to u.s. and european energy giants who've got a lot of interests already registered here in russia some bosses were spotted at the latest petroleum congress in moscow is the c.e.o. of exxon mobil rex tillerson also bob dudley there the head of britain's b.p. was also present as was the boss of norwegian oil giant starts oil money though said they wanted to keep politics away from business but it was really different to work through the relationship is developing. according to the conference. the president of the franco-prussian chamber of commerce and industry finds it positive though the business is at least taking matters into its own hands on both sides of the atlantic now. it should have been because actually. the political system is such that no. leader talking about economy could think so we need to raise over and tell them that they should not do it again they should use diplomacy to do so the ukrainian places actually what do you have in you and you have a political crises. or politi

u.s. economy so that the increased sanctions package against russia hurts direct exploiters to russia importers from russia and puts further negative upward pressure on the price of energy which hurts the entire u.s. as well as global economy now as you mentioned the entire u.s. how might the u.s. citizens just your average joe how might they be affected. will the direct effect of the average citizen is probably more through a bunch of back channels one is again the energy prices which show up in gas prices electric bills prices are transportation what it cost to run an automobile which an awful large and large number of americans do an initially certain kinds of commodities that we are either needing to import from russia or folks who make a living exploiting to russia including in the agricultural sector will be immediately hurt by a loss of market and tell me what do you think about this how much influence do you think groups such as the national association of manufacturers and that the chambers of commerce how how much impact they have in specific foreign policy issues like me authorization of sanctions. generally those are big lobby groups particular the u.s. cham

energy information administration solar energy was only responsible for point eleven percent of all u.s. energy generation in two thousand and twelve meaning that there's an enormous energy avoided at these roadways can fill. even one as as far. same with over twenty thousand square miles of paid services in the us alone we crunch numbers and there would be three times more electricity than the nation uses if they all switched to solar roadways wow but the contribution that solar roadways could make to the renewable energy sector is just the beginning of the potential applications check this out the panels are also better but leave the lights which would allow programmers to mark roads and signage however they wished this means warning signs concerning upcoming obstacles could be flashed directly on the street not to mention that of paneling was installed in parks basketball courts between of the tennis courts or any other recreational facility at the flick the switch the panels are also heated and that snow and ice would automatically be melted away drastically reducing the risk of car acciden

energy information administration solar energy was only responsible for point eleven percent of all u.s. energy generation in two thousand and twelve meaning that there's an enormous energy avoided at these roadways could fill. even one as as far. same with over twenty thousand square miles of paved surfaces in the u.s. alone we crunch numbers and there would be three times more electricity than the nation uses they all switched to solar roadways wow but the contribution that solar roadways could make to the renewable energy sector is just the beginning of the potential applications check this out the panels are also imbedded with l e d lights which would allow programmers to mark roads and signage however they wished this means warning signs concerning upcoming obstacles could be flashed directly on the street not to mention that of paneling was installed in parks basketball courts between of the tennis courts or any other recreational facility at the flick the switch the panels are also heated in that snow and ice would automatically be melted away drastically reducing the risk of car acciden

energy information administration solar energy was only responsible for point eleven percent of all u.s. energy generation in two thousand and twelve meaning that there's an enormous energy avoided at these roadways could fill. even one as as far. same with over twenty thousand square miles of paved services in the u.s. alone we crunch numbers and there would be three times more electricity than the nation uses all switched to solar roadways wow but the contribution that solar roadways could make to the renewable energy sector is just the beginning of the potential applications check this out the panels are also better but leave the lights which would allow programmers to mark roads and signage however they wished this means warning signs concerning upcoming obstacles could be flashed directly onto the street not to mention that of paneling was installed in parks basketball courts be turn of the tennis courts or any other recreational facility at the flick the switch the panels are also heated in that snow and ice would automatically be melted away drastically reducing the risk of car accidents

american taxpayers before declaring bankruptcy to school automotive receive the federal funds the u.s. energy department's advanced technology vehicles manufacturing loan program and shortly after getting cash in hand the company collapsed one shang group acquired fisker its saturday supplier and the patents in the u.s. bankruptcy auction paying one hundred forty nine point two million dollars the chinese company reportedly plans to turn around and sell the same plug in car to u.s. markets by the end of the year and now the irony of the situation is that one chang's founder are chinese billionaire has reportedly been trying to break into the auto industry for decades turns out the opportunity came courtesy of a washington with u.s. citizens footing the bill unfortunately american taxpayers will not recruit the one hundred thirty nine million that was paid into this is a very savvy strategic move on the part of the chinese they want to dominate the next generation of automotive which is the electric vehicle market this acquisition of this is just part of a long term plan the fact that the u.s.

energy. and in a moment, we'll be talking about the impact of the government loosening up on the ban of u.s. crude oil exports. mark, which particular companies do you like and how are they impacted by this. >> we like the energy sector in general. chevron, con aocophillips. a lot of our clients exited successful businesses. so yields are very important for our clients. when you look at the energy sector, it makes up 13% of the market's earnings yet only 10% of the market cap weighting. so plenty of room to run. chevron 2013 was a peak year and they expect expenditures to flatten through 2016. >> and conocophillips already up 20% year to date. how much more? sglnk y >> i think you could see another 15%, 20%. >> best performing stock in the s&p 500 this year is it newfield exploration. >> our favorite name happens to be ox dental petroleum. it's underappreciated. last year was not a great year for nug shares. if. >> you're both in the midstream space. used to be the bhoring sector. >> that's right. but i think that what is different this time is that the u.s. is at production levels that vice

u.s. private sector is doing. one driver is cheap energy, back log in the housing market and productivity. the u.s. is the only country really with labor productivity above precrisis levels. with these drivers prices remain good for the u.s. sector. given that momentum i believe that even after the recent rises between 16 and 17 times earnings u.s. equities are not overvalued. >> you are saying we should ignore the gdp numbers for the first quarter? >> the first quarter was affected partly by the weather. people say it all the time but it really was pretty bad. and that did slow the economy. the other issue was that business inventories were a high level at the end of last year and were run down a bit in the first quarter. if you look at the more current indicators like employment they support the idea that in the second quarter the economy is getting back on track. >> what is the ten year telling us? with the yield below 2.5% is a tricky one to figure out. >> nobody expected it to go down. at the year end it was 3%. everybody thought it wa

the u.s. energy information administration exiled data that has is plotted on this chart showing weather-related power outages are already on the rise since just the early 1990's. addressing climate change is also important to grid stability. we also should expand and modernize our electric grid. a smarter grid will make it easier to respond to and recover from extreme weather events, will boost efficiency within the system, will help lower utility bills, and will bring more renewable energy on line. in both our states, senator manchin and i realize it's in america's interests to be leaders in the research, development, and deployment of energy efficiency tools, in cleaner fossil fuel research, and in renewable energy technologies, particularly ones that we can export. and i know senator manchin has some of these technologies being rolled out in his state. mr. manchin: thank you senator. when i was governor of west virginia, we set and we have now aseefd an alternative. we were going to reduce our ca

u.s. we see food costs rising energy costs rising rents rising and property prices rising yet according to the official numbers there's little to no inflation so what's your take on this juxtaposition and what it means for the future of fed monetary policy. so i do think the gap is widening between what the official data points are telling us and what people are experiencing in their everyday life and i think it's typical at the beginning of a higher inflation rate that you get such a gap now we can argue about the reasons why it's occurring what i don't buy is the argument that some prices are rising but a lot of prices are still falling i don't see evidence of the falling price environment like not like the way we used to have it for example you used to falling prices and clothing and textiles shoes because there was always cheaper stuff coming from bangladesh that is no longer the case and products don't mean recently levi strauss said they were going to limit their production in cambodia because the wage demands they're rising because the political environment has left steve all you kn

we like on a broad basis the i-shares, u.s. energy etf. it yields 1.5%, yet it has broad exposures to drilling, equipment and production, the transportation, and so on. and, but then on a greater yield basis, the kayne anderson mlp investment fund is one that we have in our liquid alternatives portfolio. this is one which you have 60 mlps. so you don't have to choose which mlp is going to be the winner. you have broad diversification of mlp and u.s. tax purposes you get 1099 instead of partnership taxation. it is very good for taxable investors. 6 1/2%. it is our pick in the mlp space. connell: absolutely right. you see well-thought through ideas there. maybe todd is listening. we turned him around. suddenly becoming more positive, okay, i see we'll not get the growth and there is a lot wrong with the macro economy and you can still find individual companies that will be successful in that type of environment or maybe not. your take, todd? >> you know, i think there is always stocks you can buy. if you look and try to pinpoint good stocks,

he doesn't need the congress, which is going to revolutionize and put control of u.s. energy environmental protection agency. you want to run america? don't run for the presidency. get yourself appointed head of the e.p.a. it makes stalin's five year plans look like a picnic the way they are going to have control of the economy. he doesn't need congress. he doesn't need popularity. >> i think you will agree with me that the nation is at a crossroads now. our i believe that would be the message. however, i do believe that perception now is that it is not working with president obama. the folks are picking this up. not the pelosis and reeds or radio talk show conservatives. they are in their stone and will stay there. the regular folks are saying it's not working. we tried it. it failed. we want something different. do you think that will happen? >> i think that's true. i think obama set back the cause of liberalism by over reaching, over shooting and combining it with incompetence in a way that i think has led to a crisis of confidence in liberalism and his brand which is exem

energy information administration solar energy was only responsible for point eleven percent of all u.s. energy generation in two thousand and twelve meaning that there's an enormous energy avoided at these roadways can fill. even one as as far. same with over twenty thousand square miles of paved services in the us alone we crunch numbers and there would be three times more electricity than the nation uses if they all switched to solar roadways wow but the contribution that solar roadways could make to the renewable energy sector is just the beginning of the potential applications check this out the panels are also better but leave the lights which would allow programmers to mark roads and signage however they wished this means warning signs concerning upcoming obstacles could be flashed directly onto the street not to mention that of paneling was installed in parks basketball courts be turn of the tennis courts or any other recreational facility at the flick the switch the panels are also heated in that snow and ice would automatically be melted away drastically reducing the risk of car accid

the forecasting arm of the department of energy's got about right we're going to look for a peak in u.s. shale oil production somewhere around the year twenty twenty maybe twenty twenty one and then after that it will go into a fairly steep decline so if you know people are saying well you know the united states is going to be the next saudi arabia we're going to be an export oil if that's true to only be true for maybe a year or a couple of weeks out there somewhere in twenty twenty and then it'll decline again very rapidly and that's something that very few investors or people i think are prepared for when it's only going to be a couple of weeks who are using their dad to mean that i absolutely mean that we are in no position to export any oil at this point in time we still are importing roughly about six million barrels a day assuming all of the technology and all of the things that we're hoping to happen in the shale plays actually happen we might add somewhere close to that in additional production that that would be of the most but then it will hit that peak and will go into decli

u.s. is going to be energy efficient it's going to be able to supply itself and the prices will be low i'm not convinced that that's true i think energy prices are going to surprise us they're going to go up in the coming few years even in the u.s. but the belief that the u.s. has a privileged energy position definitely supports investment from outside coming in and i think also the oil price is still pretty high so if you can eliminate the transportation cost from other parts of the world to the u.s. which is still the biggest consumer market even if it's not as dynamic as it was prior to the bust happening then that really saves you a lot on your margin so the other thing that's interesting is seeing chinese companies beginning to build production facilities in the united states companies like foxconn have announced they're going to build production facilities in pennsylvania and frankly they're moving to automation i think the financial times is covered quite extensively the shift to robotics in china as that begins to happen again the differential between the u.s. and china starts to n

morgan brennan is now looking at the u.s. energy companies that have been trying to build and invest in iraq. those plans, morgan, may need to change knnow. most of the oil is produced out of the south of the country. this is certainly a risk. >> most of the oil is produced out of the south of the country. let's take a look the some of the names. iraq has the fifth largest proven crude oil reserves in the world. many energy companies in the region. let's start with the integrated oil giants. blake fernandez says of these companies, exxonmobil has the most exposure, about 3%. others include hess, marathon oil, occidental petroleum, murphy oil. looking at these stocks, they're all up today. here's why. iraq still only accounts for a small percentage of their overall production globally and not a lot of capital exposure because it's tied to existing oil fields that don't require significant investment. now, the area that could be most troublesome is kurdistan, where companies have been investing in exploration, but morningstar analyst,