If president obama gets his way, even as he continues to fight efforts by many of us to repeal outdated oil expert ban that would allow us here in this country to send oil to our allies. I think it does beg the question, and part of the discussion hopefully this newing will be with that source of revenue, that iran is anticipating to receive, what do we do with it . What will the intentions of these be . Libby did do good and build hospitals . Libby to direct yet additional sources of revenue to the terrorist organizations. In recent months we have seen a great deal of discussion about isis Oil Production and distribution, and Coalition Efforts to disrupt this source of revenue. Bottom line is that the Islamic State this oil is helping to finance terrorism. Significantly. I have long argued that Energy Security is central to National Security. Last year we released a series of reports. One was entitled Oil Production outages and strategic warnings. Another was iraq, through the lens of
Reserve. Its there for a reason. The word strategic is there in a very significant place. On that front, the proposal by some to permanently ban production in a small sliver of the nonwilderness, which could be the strategic reserve, is just wrong. Its dead wrong. As terrorists threaten oil supplies in the middle east and as state sponsors prepare to make billions of dollars from selling our oil to allies, some within congress are talking about intentionally and severely hurting American Energy production. This hearing this morning is about education. Members of the house and senate and the Administration Must understand the economic and the geopolitical context of the National Interests that we are considering. This committee has a unique perspective, given that over 90 of Iraqi Government revenues are due to oil exports, given nearly 09 of syrias Oil Production is offline and given that oil accounts for over 40 of isis monthly revenue, according to ihs. So you can expect me as chairm
Libya, yemen, and sudan has been knocked offline due to terrorism and violence. The indisputable fact we are dealing with is that north american barrels have largely displaced or largely replaced and disrupted production so far. In tandem with imaginations that opec, the Global Oil Supply is saturated, and may be for some time. We also know that iran, one of the original and most deadly state sponsors of terrorism will soon be rejoining the Global Oil Market. If president obama gets his way, even as he continues to fight efforts by many of us to repeal outdated oil expert ban that would allow us here in this country to send oil to our allies. I think it does beg the question, and part of the discussion hopefully this newing will be with that source of revenue, that iran is anticipating to receive, what do we do with it . What will the intentions of these be . Libby did do good and build hospitals . Libby to direct yet additional sources of revenue to the terrorist organizations. In rec
Host sam shad a no holds barred political forum. Now from the nevada newsmakers broadcast headquarters, here is sam shad. Back on nevada newsmakers, we are pleased to welcome for the first time to the program, john scire, adjunct faculty Political Science at unr. Job wrong. Thank you very much. Program, sir. One thing senator reid was pleased about there was no monnethere for Yucca Mountain. At this point in time, do we presume that as repository for Nuclear Waste that Yucca Mountain is truly dead . There may be other uses down the road, but reality this is dead. The reality is it is on hold, not dead. And what ive advocated for year, it not be used for storage until waste is reprocessed. If you reprocess Nuclear Waste, you reduce volume of storage down to about 5 of the total. The Nuclear Waste because it is 104 sites around the country, target for terrorists. What way would they be able to use this for terrorism . You got above ground storage of Nuclear Waste casks, they are supposed
Bp is the best performer in london, up by 4 . We had a nine day losing streak for these for the stoxx 600 oil and gas index. Continue torformers be the auto stocks. Those stocks that are opposed exposed to china. Noting, over the last seven years, every time the euro stocks have fallen by more than 7 in the week as it did last week, it follows with a subsequent16 in the three months. That is a fascinating stat. Will that be decimated by concerns about the Global Economy and high u. S. Interest rates . But if wee concern, are true to form, we could see a 16 percent rally in the next three months. Betty could be a buying opportunity. Insurance company a gone, what dutchind the move . N, what iscompany aego behind the move . Mark they have bought back millions of euros of their own shares. They want to cut costs and increase return on equity boost return on equity to 10 . It wants to lower expenses in the u. S. And the netherlands by 200 Million Euros by 2018. Take gets two thirds of its