Real money. This is real money, you are the most important part of the show. Tell me what is on your mind by tweeting me or hit me up on facebook. The United States and the European Union upped the ante against russian president Vladimir Putin, both targetting the economy with expanded sanctions against the military, finance and Energy Sectors. Treasury secretary said in a Statement Given russias direct military intervention and efforts to destabilize ukraine, we have deepened our sanctions against it. He extended on olive branch to the russians, saying if they pulled back support for rebels in eastern ukraine, new sanctions could be suspended. The e. U. Announced a major success, an issue offsetting a stand against the west, a trade back delayed until the end of 2015. For now, how much, the cost for the russians are rising. The tit for tat sanctions are taking their toll on western market and firms doing business with russia. Todays u. S. And e. U. Sanctions specifically ban transactions with five state owned Russian Defense companies. They take aim at a russian tech firm that does a lot of business with the russian military. Five of russias largest banks are targeted, restricting ability to borrow money in western bond market like london and frankfurt targets on the Energy Sector will be felt on this side of the atlantic. Exxonmobile is paying a majority share to drill in the arctic, an area the size of texas, and exons work on a well could be stopped before its finished under the new sanctions. They specifically ban business with fight stateowned energy firms, including the big one, exxons partner, rosneft. Treasury and giving exxon 14 days to wide down applicable transactions with russian firms. Exxon released a statement saying we are assessing the sanctions, it is our policy to comply with all laws. A halt to exxons drilling in the arctic will not hurt it in the nearby term, but delays this drilling or scrapping of the project will hurt exxons future growth prospects. The foras into russia are viewed as a mother load, including mutual funds that you may invest in through your 401k or ira. For more on the size and scope of exxonmobiles operations in the world. We have this report. Reporter in the world of Energy Producers exxonmobile is the biggest, with Oil Operations in 39 countries and refineries in 17 operations span the globe. The houstonbased company produces more than 5 Million Barrels of oil a dale, with a market valuation of 438 million. For a little context, thats twice the Gross Domestic Product of ukraine, where a conflict with russia prompted a bevy of sanctions jeopardizing their highprofile deal. In 2011 it inked a 3. 2 billion Arctic Drilling partnership with russian oil giant rosneft. It gained access to acre im of an area the size of the lease area for oil and gas activity in the gulf of mexico. Exxon wanted to do this was as big a company as it is, it has had difficulty, sometimes its said because it is so big, of replacing every year enough reserves relative to the oil it produces. Reporter but as Tensions Mount in europe, sanctions throw it into question. Exxon, probably privately believes that the crisis will not go on forever, the world has to get along with russia, and russia has to get along with the rest of the world in the long term. If they can hold on, the crisis will pass and business will resume. Reporter in the meantime exxons image has taken a hit. That is not new. To its critics, it has appeared a bit tone death. According to private empire exxonmobile and mobile power, the c. E. O. Said current c. E. O. Appeared in photographs, buddying up to president Vladimir Putin, despite tensions with the west. Exxon had colourful leaders, and some made statements they probably wish they hadnt. It has been good for investors, good for 401ks and pension funds. A big part of that is to look ahead. The Russian Arctic is ground zero for the grounds. The company had been projected to invest 500 billion over the coming decades in russian oil. As Tensions Mount in eastern europe, the longterm strategy may be in question. Well exxon has failed to meet production targets for many quarters in a row. Thats why project in russia are so important to the oil confinement, according to steve levine, following the energies of energy and geopolitics as washingtons correspondent for digital news site quarts. And teaches at universitys school of Foreign Service and publish the oil and the glory, and putins labyrinth, no one nose it better than steve. A lot of things come to find. The first is lee raymond, former c. E. O. Of exxonmobile saying we dont make decisions in the interests of the u. S. Government. Now we see rex tiler son, the c. E. O. At a conference in moscow with an oil executive, sanctions inned United States. They dont really seem to care about the backlash. I think they care about the backlash, but more about exxon. Exxon operated going back to john recher fellow and robert fellow who established it as a free player, not connected to any particular country, and it will take the hit if it has to. It is a global company. Oil companies tend to be. Are there examples of Oil Companies that do work at their national interest. At this point exxon is thumbing its nose at u. S. Foreign policy. Im going to take a little bit of so the at that. I think that exxon, and all the Oil Companies have a similar parliamenty, and that is that that they are gun slippingers, wild caters, doing high risk high reward and resent governments that get in their way. Exxon, like all of them, pushes the envelope to the edge. If these sanctions were not too the letter prohibiting them to work with Vladimir Putin, then it went ahead and worked with him. It is clear with the actions that it cannot work with Vladimir Putin with russia, and incidentally, that will impact production, exploration in the gulf of mexico because as part of its deal, rosneft and exxon became partners in a number of fields, 20 blocks in the gulf of mexico. Its interesting that theyll look at this to the letter of the war, and its ironic the response from exxon was literally a two line response they are looking it over and will comply with the law. They didnt say well comply with the letter of the law. The implication is theyll comply with the alert of the law. Thats is not oil company behaviour. Exactly. This is very, very tough world, and the people involved in it themselves if you dont force them to do something, they wont. Theyll push their best interests, and, incidently, exxons personality matches Vladimir Putins, this is why they get along well. Theres a sense that maybe, privately, exxon is feeling or saying to russia lets sit this out. This cant go on forever. We are not going to dismantle everything, well stop and get back into this later on. Do you think that may be what is going on here . They both have a lot at stake. Russia, as your prior report noted sorry, exxon, as your prior report noted had quarter after quarter of falling production. Its back to 2009 production figures, its share price dropped by 7 over the last two months. It has been relying on the russian feel, the siberian field in addition to the arctic fields to bring it back to its glory days. Rosneft saw exxon as its route to the big time. Theyll see this, the stakes are too high. Lets wait, lie low, return in a year, and if they wait 23 years to revive the drilling. It will be fine for them. Its the only game. Exxon is up 1 and 3 . 1. 3 . Dont go girl, theres another way to hurt russia. Ill take you to turkey, an ally in nato that could hurt the United States. Those stories and more. Keep it here. The factory floor. Al jazeera investigates the boing 787 watch online now weekday mornings on Al Jazeera America start your day with in depth coverage from across the country and around the world. The future looks uncertain. Real news keeping you up to date. An informed look on the nights events, a smarter start to your day. Mornings on Al Jazeera America this years crisis in ukraine focused the worlds attention on europes huge fenced on energy from russia, sparking debate about whether a 4 decade ban on u. S. Exports of crude oil should be lifted. Some say europes exports of oil would hurt europe. Not everyone agrees with that. Theres no debating the issue of oil is heating up the fracking boom, having it on track to produce 9. 5 Million Barrels next year, a 45year high. Lost in some of the debate over exports is the fact that the u. S. Exports crude oil and product made from oil. Im saying this because every time i say theres a ban on the export of crude oil i get emails, tweets, facebook posts from people that say thats wrong. You guys are right. You have to put an asterisk with the ban. Look at the chart of the it shows a surge in exports of socalled finished Petroleum Products lightly Refined Products like diesel and gasoline. The u. S. Exports 3. 2 Million Barrels a day. It did at the end of last year, nod including 400,000 barrels of u. S. Crude oil exported to canada. The Obama Administration opened the door, a crack, to more crude oil exports by allowing some companies to start exporting condensate. A slightly processed ultra light crude that is mixed with natural gas. Steve levine is with us, a washington correspondent for digital news site quarts and wrote a piece on this topic titled should the u. S. Export i will to push down prices and hurt Vladimir Putin, thats happening already. Its the title of a speech, you should read it. Steve joins me from d. C. Couple of things, the issue is whether it export more oil than we do. Lets deal with oil and hurting Vladimir Putin in a second. One of the things i get in trouble for saying is we have experts about a glut of oil. I have viewers saying its 100 a bar em, if we had a glued, 15 Years Ago Oil was 11. If we export it, will we see higher prices . Theres a there is a mismatch between the oil that we are producing in the United States and we import 5 Million Barrels of oil. Theres a glut in the United States of a certain rant of oil and our refineries in the United States are configured to process a heavy oil. When we hear from experts about a glut, that is what they are talking about. The amount of oil in the United States and the rise in the volume of oil in the United States meant that it is buying, we are buying a lot less oil. Millions of barrels of less oil than we used to buy. More than a saudi arabia less of oil. And what does that mean . All that volume is thrown on to the global market. Since the arab spring of 2011, a lot of other output has gone off. Even though we had a surge of global prices, they are remained high. The market is a lot less worried about the geopolitics, the supply has shown its face, and you are seeing prices plummet, plainly because of the u. S. Surge. We talk about the natural gas from russia through ukraine, into europe and the sway that that gives Vladimir Putin over western europe. The reality is natural gas revenues to russia are nothing in compared to oil revenues. I will revenues are real, where it would hurt Vladimir Putin, if we export the oil. Is that practical, can they do that. Do they have the refinery to refine the light crude. We dont have the refine rice to refine that oil. Okay. First to tell you that so the same oil that we produced, a light oil, nigeria produces, so nigeria used to export to us 2 Million Barrels a day. Its oil is going to europe and else where. The point of my piece is it doesnt matter if the United States exports oil or not. The fact that its buying less, importing less, and the demand is less around the world, its as though its exporting oil. You are right that the russian government, 45 of that of its income comes from oil, 5 comes from natural gas. To the degree that our exports come up come above what we are currently producing, what we are currently throwing on to the world market, that will hurt Vladimir Putin. It will hurt him no matter which market we send it to. Congress cant agree on the fact that its september 12th, is there a likelihood theyll agree to lifting the ban on oil, and, by the way, as critics say, will it cause american oil to increase if we decide to increase more oil legally. Ill answer that in reverse order. Yes, it will probably cause u. S. Prices to go up, because we pay less than the global price. Now theres about five or 7 difference per barrel between the u. S. Price and the global price. It will end up in the middle. I have doubt that congress will agree. I think it will be time. And its premature to agree to export. The only beneficiary from exports are the Oil Companies, its their bottom line profit to sell the oil at a higher price. Thats the decision congress would be making. Steve, you know a lot about this, im glad o you joined to help our viewers. Steve levine, washington correspondent for quarts. Good to see you. This time next week a brand new nation could be born or taking shape. Im take you to scotland where voters have the power to break up the u. K. In their hand. Coming up, a new start up based on an old and failed business idea. Secretary of state john kerry is in turkey to press the country to join an International Coalition aimed at destroying the Islamic State group. 10 middle Eastern Countries agreed to provide help to the United States in the fight against the group. Turkey, which shares a long boarder with syria is reluctant to participate. Al jazeeras Bernard Smith explains. Reporter this may be turkish soil, but this is a border town that looks to the middle east. Its a place of pilgrimage, the supposed birthplace of abraham, one of islams great profits. Now sometimes mingling among the pilgrims are men with different intentions from europe and beyond. They are close to the end of a journey taking them to syria and iraq, to join the fighters of a Group Calling itself the Islamic State. But turkey made that final leg a lot harder. Translation the plain ahead is syria. Reporter this smuggler tells me it used to be easy to get to syria, you cut a hole in the lightly patrolled fence, not any more translation the changes happened, Turkish Forces dig trenches, they put tanks there, increased guards and used night vision. They shot at people. Its harder to get foreigners across. Reporter since january aspiring fighters trade to cross near the uraties river. This province behind me is behind the closed border. Turkey doesnt want the conflict spilt over ear. The i. S. Is holding more than 40 turkish hostage. The turkish worry plague a role to pushing back the i. S. Forces could result in revenge on those hostages. They have reminders of the human cost of the conflict. Like dozens of towns and cities, it hosts hundreds of towns. Theres no life. The people are tired. The Islamic State took everything, and controls everything inside the city. There is no money, no work. U. S. Officials said they understand turkeys unique position as the only muslim majority country in n. A. T. O. Being close to the conflict, its discrete cooperation is viewed as essential, if the cal pain against the campaign against the Islamic State group is to have a chance of success. Its not every day a new nation is formed, thats what voters in scotland have a clans to do next week. They go to the polls to decide whether to break free if Great Britain and break up a union lasting 300 years. The vote is too close to call and many the scots are underdivided. Its not a decision that scots are taking lightly. Reporter a Little Village of cram onward looks pretty as a postcard in the autumn sunshine. People have done well. The union with england has been a success here. With the boat club and in the cafe a lot of people are nervous about a future for scotland sailing away from the u. K. So worried, in fact, they might abandonsh abandonship. I might move. I would have to see how it went. Reporter is it a joke or half serious. Very serious. My family has houses south of the border. If we go independent. It may be a move to go there. If the current changes, i would rather be somewhere that keeps the pound. Well have to wait and see what the outcome is. Reporter you can do without having to make the decision i imagine . For sure. Reporter no to independent voters says scots men outside the u. K. Theyd have to perform a balancing act. To say it sounds gloomy. Many in the silent majority seem to have kept thoughts to themselves. The no to Independence Campaign t