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CNN Legal View With Ashleigh Banfield June 12, 2014 16:14:00

Producer of oil after saudi arabia. that s huge. christine romans is here and we ve been talking about the prices going up because the situation there is going down. when violence flares, you re talking about some of these towns falling even briefly to these other groups, it s a really big problem. let me show you a chart of what s happening in the oil markets. crude oil above $106 a barrel. that is really a big spike for the year so far. you have analysts this morning telling me if this continues, if this continues, you will see another 5 to $10 on top of that. when talking about what you will pay at the pumps, 15 cents, 10 cents, 20 cents, depends how long this lasts and whether the government can get control of what s happening there and you are already getting threats and destruction at the oil fields. you mentioned something i found fascinating. 70% of pumps here in the united states is about international crude pricing. ....

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CNN Legal View With Ashleigh Banfield June 12, 2014 16:09:00

I m thankful they re not there. remarkable seeing pictures right now. i have to ask you quickly on this one. something as stupid as severance packages for high level ranking military members weren t given out, back in 2003 and effectively that made these people unemployable, angry and with great skills. and they know their enemy now more than anybody. is that basically how simple it is? that is a very accurate fair assessment of that situation. we could have avoided some of this misery by handling some of that more appropriately back then. it s so sad to see this happening. thank you all for doing the work on this particular story, a never ending story as well it seems. what is the impact the silence will have not only in iraq but you. there is a lot. we will check the latest oil prices and what that means for you at the pump, guess what, hasn t even been hours of fire yet you are already going to notice a change. (mother vo) when i was pregnant. ....

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CNN Legal View With Ashleigh Banfield June 12, 2014 16:05:00

Troops into iraq or to have an active engagement. i think that is not the case. we know what s happening. but inaction also not a solut n solution, between do nothing and do something to have the iraqis security forces or have the government decide the situation. nic, i m sorry, i don t clearly understand what he wants, saying no one is asking for american boots on the ground but inaction won t work either. what do they want? he wants the united government. he wanted everyone to get something to make compromise. the government, national unity, a compromise over political differences today to vote for a state of emergency. he s a pragmatist, the foreign minister, not part of the political or sectarian mix-up between sunnis or shias. he has a different privilege but not the winning perspective ....

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CNN Legal View With Ashleigh Banfield June 12, 2014 16:42:00

I don t rule out anything because we do have a stake in making sure that these jihadists are not getting a permanent foothold in either iraq or syria, for that matter. part of the challenge i ve said this directly to prime minister malaki and vice president biden said this in his very frequent interactions with the iraqi government is that the politics of shia and sunni inside of iraq as well as the kurds is either going to be a help in dealing with this jih jihadist situation or it s going to be a hindrance. fra frankly, over the last several years, we have not seen the kind of trust and cooperation develop between moderate sunni and shia leaders inside of iraq. ....

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CNN Legal View With Ashleigh Banfield June 12, 2014 16:38:00

reporter: it absolutely is, ashleigh. we understand a few moments ago, the president made a few brief remarks on the crisis in iraq. he was meeting with the prime minister of australia here for a visit. according to the pool reporters in the room, apparently the president said he s watching the situation in iraq with concern, that he is not ruling anything out when it comes to ramping up assistance and he said, it s clear that iraq needs more u.s. help. what does all of that mean? as you know, we ve been talking about this almost 24 hours now. it does appear the iraqis are now open to some kind of u.s. military air strikes help them contain this crisis, when it comes to dealing with those isis military tan forces wreaking havoc across the northern part of that country and took the largest city of mosul yesterday as you know, ashleigh. all along signals we ve been getting from administration officials is this white house is not ready to pull the trigger on ....

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