This is real money. You are the most important part of the show. Tell me what is on your mind by tweeting me on ali velshi. Iraqi forces loyal to the shia dominated government fought pitch battles today with sunni insurgents throughout northern iraq. The Islamic State in iraq and the levant, isil, has now amassed an estimated 2 billion war chest after seizing territory in both iraq and syria, which is engulfed in its own syria war. Isil started out as an an alqaedainspired terrorist group. Since american troops left in in 2011 isil has morphed into an Insurgent Force that threatens to take baghdad. If they accumulate more money. They accumulate more ammunition, more military capability, larger numbers, that poses great dangerous not just to allies of ours like jordan which is very close by, but it also poses great danger in the United States. This is what we think we know about isils finances. From the territory it captured last year the group brings in money from oil sales, extortion
This is real money. You are the most important part of the show. Tell me what is on your mind by tweeting me on ali velshi. Iraqi forces loyal to the shia dominated government fought pitch battles today with sunni insurgents throughout northern iraq. The Islamic State in iraq and the levant, isil, has now amassed an estimated 2 billion war chest after seizing territory in both iraq and syria, which is engulfed in its own syria war. Isil started out as an an alqaedainspired terrorist group. Since american troops left in in 2011 isil has morphed into an Insurgent Force that threatens to take baghdad. If they accumulate more money. They accumulate more ammunition, more military capability, larger numbers, that poses great dangerous not just to allies of ours like jordan which is very close by, but it also poses great danger in the United States. This is what we think we know about isils finances. From the territory it captured last year the group brings in money from oil sales, extortion
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
Better than the minority of their own party. I have serious reservations about that characterization. I think a lot of people went to the floor on that monday and voted no because they thought the leadership have the votes to pass the bill. They couldnt gather gavel back in. I think that was true of both sides. Not so much on your side. Nobody ever casts political votes on your side. On this one judd wait a second. Its about politicians and politics and i know that may upset some people because we are only supposed to these talking about finances. You are two months before an election. This is a freebie on the incumbent party. Its a free shot on goal without a goalie in the goal box in the Democratic Party is in the majority voted. It was not unpopular afterthefact. It was unpopular when it was implemented. It was unpopular. You cant put lipstick on that. The majority of our party voted for something of the incumbent president of the other party that would help solve a problem in the m
Headlines. A roughandtumble week for stocks ending a on a quiet note. Better than expected u. S. Third quarter gdp data could knot offset worries about corporate earnings the dow eked out a gain of three points. Good year was one of the biggest losers with shares tumbling more than 10 . The tiremaker missed Third Quarter estimates driven by weakness in europe. One bright spot was expedia. Shares soared 15 . They posted strong Third Quarter earnings fueled by a sharp rise in hotel bookings. Now to our top story. Some people are calling it frankenstorm. Others call it a noreastercane combination hurricane, noreaster snowstorm or nightmare. If you live on the east coast you call it scary. Hurricane sandy is making its way up the eastern seaboard. It may hit critical refineries that process 3. 1 Million Barrels of oil per day. You know what that means. Gas prices could go right back up. Patrick dehaan from gasbuddy. Com joins me with more on this one. Looks like the east coast is in troubl