I. T. Noits not like a computer. You dont fight wars over that. You night wars over oil. You fight wars over oil. Thats why a part of saudi arabia that has the oil is the one being jeopardized by rebels. Thats why libya is so valuable and being fought over. Oil, oil, oil and the revenues that they produce in order to then create that instability, create that jihadism that were dealing with. We should be backing out all the oil that were importing from that region, if we have a chance to do so and we do. But not after this bill passes. Were going to be in a situation where we basically are saying were going to be permanently dependent upon that oil being imported from that region. I listened last night to all the republican candidates for president debating in las vegas about National Security. Well, thats what this is all about. This is all about that oil. This is all about that oil revenue that goes into the pockets of people who should not have our money, who spend it in ways that we
Limited gas exploration. Headline, modest Economic Activity in the 12 districts. Trish there you go. Modest activity, in the economy probably not enough for janet yellen to feel to move rates on december 15th. We have the dow off 70 points right now. Also breaking this hour, everyone, russia taking aim at turkey, claiming it has hard proof that the turkish president and his family are involved in the massive Oil Smuggling ring led by isis. According to russia, turkey is the main consumer of isis oil. Youre looking at some images there, new images coming in to us from russias defense department, i believe you are, shortly. Do we have images to show the viewers . Basically these images that have come from the department of defense there in russia, show photos of oil trucks and videos of airstrikes on isis Oil Facilities as well as maps detailing the flow of smuggled oil right across the syrianturkish border. The Defense Ministry in russia is saying, and i quote, today we are presenting o
World was saudi arabia. In this vast desert without rivers, streams, they were far apart. It was built more than 1000 years ago on a caravan from baghdad. Since those days, they eked out a meager existence in a lost world. On the same desert through the summer and winter of 1947, motor caravans appeared. Camps were set up, the sorts never seen here before. Airplanes on a Reconnaissance Mission roared overhead. They were carrying arabs and americans, surveying the route for a great pipeline, a pipeline along western europe, the middle east, and the stability of the world. Oil is scarce in many areas today. The cause is they lack of economical distribution. The logical source of oil for u. S. Is the middle east. Here are more crude and readily accessible reserves than in all of north and south america together. The region is rapidly being developed. In eastern saudi arabia, the Arabian American Oil Company Discovered five major fields during the decade after the first commercial producin
Next. Big science of big money and big impact on our special report. Tonight missouri is under a state of emergency, governor jay nixon has activated the National Guard. He says hes worried about the possibility of what he calls expanded unrest after a grand jury hands down a decision in the Michael Brown case, that decision is expected soon. Jonathan martin . Ferguson. Jonathan, whats the reaction there tonight . Reporter well, good evening, john. This decision by the governor to issue the state of emergency has certainly fueled a lot of speculation that the grand jury i decision could be imminent and concerns fears about how bad the violence could be. In a phone call a few moment ago the governors its part of a con tip jensie plan to make sure Law Enforcement are prepared the st. Louis counts and i City Police Departments were working with the Highway Patrol and the National Guard are prepared for the worst, even though we dont know what day the grand jury will announce their decisio
You are watching Market Makers on bloomberg television. I am Erik Schatzker. Ceo day. Brooks brothers is kind of an old dog. Here is the key. I took my dad shopping at Brooks Brothers a couple of months ago. Really . The new dockers. Kind of. I hope it is better than that. Lets take you to the top Global Business stories. The price of oil took another dive. This time, west texas intermediate felt 4 . Hello 45 before rebounding slightly. There may be pressure on prices tomorrow. A government report expected to show that u. S. Oil stockpiles have officially increased. A warning in greece about elections. The government says greece could stumble out of the euro by accident if the opposition syrz iza party wins. If the opposition wins because they do not have the knowledge and experience they have certain ideas of their own i think it is prudent for them to ask for an extension. It will give them some time to manage the negotiations and close the review. The greek election is this coming j