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FBC MONEY With Melissa Francis June 12, 2014

Melissa situation in iraq really es can lating after sunni militants surround the largest refinery. President obama said this earlier. We do have a stake in making sure that these jihadists do not get a permanent food hold. Melissa we have todd schoenberger, fox businesss and wall street journals veronica daguerre and tom sullivan. Iraq is 2 1 2 millions barrels a day. Melissa 3 1 2. I never asked them as a considered them a Major Players specially for our company. I think as far as pricing this is temporary blip only for traders. 150 billion are in reserves right now. This is a country, you have to worry about because heres a couple of things. 21 of our oil here in the u. S. Comes from iraq right now. The last thing we want to see is that oil popping up higher. A lot of main exporting happens in the south. They havent reached that yet. That is still very much controlled by the shiite. As long as that is the case i think well see some of these shortterm blips. But i think well be all r

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