Strangle hold on middle eastern oil reserves, selling upwards 40,000 bears of oil. They are in control of seven oil fields and two refineries in iraq. Allowing them to rake in estimated 730 million a year from oil alone. It is a staggering influx of cash and more than enough to move isis beyond iraq. Here, ken mahoney of, mahoney Asset Management and jack haugh, barrons Senior Editor and james frischling. Jack, let me start with you, this is Stunning Development in addition of 60 of Syrian Oil Fields isis also controls. Its a lot of money and you would think clear something will have to be done to stop that. If something must be done, every week we go by we dont do something they get stronger and richer. Hopes that it comes sooner rather than later. This is a lot of money. Melissa the show is called money. That is part story were focused on here and you look at one of their main sources of revenue is kidnapping. We hear they have so much oil under their control. There is really no way,
This morning on sunday morning futures. President obama entered office on Campaign Promises of a more Multi Lateral militaryow approach. Now, six years later, drone strikes upon u. S. Citizens in the middle east and power vacuums in countries where the arab spring overthrew death pods, the u. S. Is facing a new mission creep, creep right back into iraq. It appears every time this president attempts to define the Obama Doctrine, events changes. What will his legacy be . Rick is a former spokesman for four u. S. Ambassadors to the u. N. Hes a fellow at the Prague Freedom Foundation and retired Navy Captain Chuck Nash is an analyst. Thank you so much for joining us. Good to have you. Rick, what is the president s vision in terms of Foreign Policy . How would you define it . Well, im not sure he has a vision. I think thats been the problem. If you can about they Obama Doctrine, ive read quite a bit on this, and i think its the war or ignore strategy. The president came in, promising us to
Of pittsburgh tonight where authorities found an explosive device forcing an Emergency Shelter in place. Good evening. Im katie. People who live near pit pits high school between Central Avenue and mcarthur avenue where the possible bomb was found had to take cover in their homes tonight. Alyssa harrington is live at the scene. Alyssa . Reporter the bomb squad detonated the device and the impact left this hole in the grass across from the high school. It is a foot and a half deep. Here is what we know. The shelter in place has been lifted, but authorities were called to a vacant apartment over here on summer street about 9 30. They found what appeared to be a homemade explosive device. They were a couple of road flares taped together. Residents near the high school were ordered to shelter in place, lock their doors and windows. The walnut creek bomb squad moved the device to this area away from homes and exploded it. Nobody was hurt. No arrests have been made, but the investigation is
Home. It was two road players taped together so they had to remove it and take it to this field and detonate it. Everyone was told to shelter in place, while the bomb squad investigated. No one was hurt. People were allowed to leave their homes at 10 ok 10 30 last night. Dispatch said it does not look like any arrests were made. There is in word on the motive or who owned this. The investigation on this device continues. San Francisco Police are investigating a car and a cyclist accident leaving the cyclist with severe head injury last might on the embarcadero near harrison and the victim was going and seizures transported to the hospital. Police are trying to determine if it was a hitandrun accident and whether the driver is cooperating. Police have arrested to men suspected of setting at least eight fires yesterday or. The fires damaged several hopes and buildings in the Downtown Business district of alameda. One bit was gutted. Another business, a restaurant, closed for remolding, a
Deals. If they go through, it would total 100 billion. First up the big one. Last night we told you about Royal Dutch Shell in talks to buy bg group. Today, shell pulled the trigger saying that it would buy bg for 70 billion making it the biggest deal in that industry in more than a decade back when chevron bought texaco in 2000 for 36 billion. Shares of shell finished the day lower by 3. 5 . Jackie deangelis has more on what this deal means tonight. Reporter a big deal announced in the energy patch today. Royal dutch shell buying bgs roughly 7 billion. Its the latest energy deal this year and one of the larger of the last decade rivaling when exxon bought mobile in 1998. Bg known for both oil and gas assets. The addition of those assets will boost shells portfolio by about 25 . For shell, the purchase of bg increases their oil and natural gas reserves as well as their Oil Production while bg brings to the table storage and tunnelling assets as well as tankers to move natural gas aroun