A steady supply of energy is needed to fuel the countrys economy and military. [sachs] typically, American Foreign policy like British Imperial Foreign Policy before it, paid a tremendous amount of attention to securing oil for the economy. That includes who we have befriended, but it has also included us launching wars; stationing military bases; engaging in coups and orienting a massive amount of our Foreign Policy around oil. [mcnally] by world war one, oil was transitioning to becoming the lifeblood of modern civilization. If electricity is literally the circuitry, without which modern life is impossible, oil is the lifeblood. [jacobs] its both vital to our economy and its vital to our military. And that became true once we switched to an oil based military. [narrator] in recent years, the us Energy Revolution has shifted the geopolitical balance. [gordon] this is a new state of affairs. This was not happening a decade ago, but today 80 percent of the oil in america is sourced from
U. S. Trading day. Lets check in with julie hyman at the markets desk. This is not the outcome that most people would have expected in terms of the markets. When we saw the news there was no agreement in market. Stocks rising to the highs of the session, particularly the s p and the dow. I just looked at an intraday chart. Here you have the s p 500 and here you have oil prices. We have had some analysts coming that someicipating investors would want to buy the dip today. There is also news that there is an oil strike in kuwait cutting that production by 60 . You can see it is climbing by the highs of the day. The movement in brent is even more remarkable because it briefly turned positive and is only down by a quarter of a percent. Energy is actually the best performing group. It is up more than 1 . Kind of an amazing turn of events as we see most of the groups actually turned green. If you take a look at some of the best performers within energy. You might want to call and selectively
Record stimulus program. Welcome to countdown. I manus cranny. And i am mark barton. Today,up on countdown these days vital records are big is this in vintage chic. 2014 has been a year of sales for vinyl albums selling across the one million mark for the first time in two decades. Find out which driving the revival will little bit later. Russian president Vladimir Putin reassuring his nations Economic Relief will come in two years and one western leader is helping his case. German chancellor Angela Merkel and David Cameron complies,russia french president Francois Hollande broke ranks from his eu counterparts saying in use in sanctions is possible. I consider that if the gestures rusher is making what we are waiting for, there is no reason to enact any new sanctions. On the contrary, they will allow us to start the escalating the situation. Barack obama signing legislation that gives him the power to impose more sanctions. The u. S. President said he would only act in line with europe
And we are just going to bring you to the europe sentiment data. The number was previously at 103. 2. Its coming at 104 for november. The expectation index has come in at sorry, im just going to get that one. Its come in at 99. 7 against a previous index of 111. 0. We are going to bring in the chief economist here to show us this is a pretty big surprise. This is a very important data point for two reasons. First of all, the economic weakness in europe over the last six, seven months has been largely germany. Positive germans are the turnaround we need. And the german weakness itself was focused on business investment. Investment is driven by expectations. And now that we have our sixth month of decline, it does show that business can start to go up begin at the end of this year and in the First Quarter next year. So these data suggest the worst could be over. Of course, its just one month. We have to wait for confirmation, but it is a very positive sign. Does this also indicate that i
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