Beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. And its costing billions and billions to tap into it. With all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. Let me be blunt is it your hope to prevent a switch away from oil . Somebody said the country is the oil business. I mean, you absolutely need to do this for your own survival. And whats wrong with that . [ticking] when the u. S. Oil companies came here in the 40s and 50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. They created a replica of american suburbia. Today you could be in the outskirts of houston or los angeles. Its almost like its an enclave within saudi arabia. Itsdifferent from the rest of the country. Yes, thats true, because very different. It kept a lot of the american ways. Yes, of course. But block
18 billion barrels of oil, more than four times the proven reserves of alaska. And its costing billions and billions to tap into it. With all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. Let me be blunt is it your hope to prevent a switch away from oil . Somebody said the country is the oil business. I mean, you absolutely need to do this for your own survival. And whats wrong with that . [ticking] when the u. S. Oil companies came here in the 40s and 50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. They created a replica of american suburbia. Today you could be in the outskirts of houston or los angeles. Its almost like its an enclave within saudi arabia. Itsdifferent from the rest of the country. Yes, thats true, because very different. It kept a lot of the american ways. Yes, of course. But blocked off from the rest. They ar
Accurately reflecting the forces of supply and demand. Mr. President , there is now a growing consensus. This is not just the opinion of Bernie Sanders. There is a growing consensus that excessive speculation on the Oil Futures Market is significantly contributing to the high prices that the American People are seeing at the pump. Exxonmobil, Goldman Sachs, the i. M. F. , the st. Louis federal reserve, the American Trucking association, delta airlines, Petroleum Marketers association of america, the new england fuel institute, the Consumer Federation of america, and many other organizations have all agreed that Excessive Oil speculation has significantly increased oil and gas prices. Just a few years ago Goldman Sachs, perhaps the largest speculator on wall street, came out with a report indicating that Excessive Oil speculation is costing americans 56 cents a gallon at the pump. 56 cents a gallon. I personally think that that is a conservative estimate, but it is interesting that it c
Beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. And its costing billions and billions to tap into it. With all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. Let me be blunt is it your hope to prevent a switch away from oil . Somebody said the country is the oil business. I mean, you absolutely need to do this for your own survival. And whats wrong with that . [ticking] when the u. S. Oil companies came here in the 40s and 50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. They created a replica of american suburbia. Today you could be in the outskirts of houston or los angeles. Its almost like its an enclave within saudi arabia. Itsdifferent from the rest of the country. Yes, thats true, because very different. It kept a lot of the american ways. Yes, of course. But block
We all need to safety. We be safe and strong against , anda, china, north korea iran. You think we should give away all of our secrets, i feel sorry for your students read you are absolutely wrong. Host let us give him a chance to respond. Guest i said quite the opposite, there are secrets that need to be protected but we have to strike a balance and find out what information out there is in the Public Interest that doesnt need to get out to the public. I am glad you mentioned that, i did not want to give that impression. I, as a journalist, have been in times imposition of an information of information. There was a lot of information we did this close of an earlier event because we thought it would undermine sources and methods and damage the government possibility to fight terrorism. I am a big believer in spiking a balance. Striking a balance. I think there is an overclassification of information. The Obama Administration has created a task force to try to go through each Government