Oil Angle News Today

thiessen live coming up. >> john: fox news alert, president biden landing in the middle east as inflation hits a new 40-year high with no end in sight. im john roberts in washington. sandra, double duty today. >> sandra: great to be with you, john. brand-new numbers from the government showing red hot inflation has not cooled. consumer price index surging to 9.1% in june. marking the biggest one-year increase since 1981. the president issuing a statement in response to all of it saying...

Ahead this our. Im melissa lee, coming to you live from studio b at the nasdaq. Our guest trader tonight, Katie Stockton of fair lee strategies. And we start off with the newest milestone for Interest Rates. Yields on tenyear surging part the 4. 6 mark, getting closer to breaking above october 2007. The benchmark rate is up 1. 4 Percentage Points from its april low, massive move. The rapid rise in rates taking a particular toll on a few sectors. Real estate, utilities among the hardest hit. And ...

The oil angle here in an op-ed in the washington post saying my administration has made it clear that the united states will not tolerate extraterritorial threats. when i meet with saudi leaders, the aim for the strategic partnership going forward, and holding true to fundamental american values. any question in your mind oil is at the center of all of this? >> of course oil is at the center of this. europe is facing an energy crisis when the president is unwilling again to unleash energy potent...

Moral standing in the world and the way this is going to be looked at and the presidents, i think, again, disingenuous if not dishonest, false choice here. if we condemn mbs, if we sanction saudi, somehow theyre going to turn against us. theyre not going to do that. we have far more leverage over them than they do us, and theyre going to continue to be an opponent of iran in any event just because theyre kind of -- the sunni lead and the iranians are the shia lead so thats going to go on regardl...

Numbers perspective and from the oil angle. it makes no sense as he himself points out. the largest producer of oil now is the united states of america. >> i would like to add, erin, just one more point. you know, ive said this before, and ill say it here, that the intelligence community, i believe, will continue to tee up truth to power whether the power listens to the truth or not. and theyll continue to do that. >> i hope they do as, of course, the media tries to do as well no matter what any...

The second factor, with the hypocrisy, who is paying who and this nonsense and depending on the country. it seems at some point we have to acknowledge that the united states is rationally creating an incentive for people to create nuclear weapons. the only way to get rid of the united states either as buying you off or going to kill you, you get that and youre free from daddy. which is a totally nutty incentive. >> but i think the oil angle gets overplayed. theres an ideology at play. you mentio...

About the oil angle and frankly as oil creeps past $4 and heads toward $5 i think were going to be a lot more concerned about oil and its going to become kind of a dominant political issue in this country over the course of the next several months. but you know, its not just libya weve got to keep an eye on. youve got problems in yemen, problems in bahrain. youve got demonstrations proposed for later this week in saudi arabia, which of course is a much bigger oil provider. so were right now focu...

Fast or slow destruction of the gadhafi regime. i dont really see that they can hold on indefinitely. >> how about libya becoming at risk of -- at greater risk rather of becoming a terrorism-sponsored state? >> well, first of all, libya was a terrorism sponsoring state. libyas been a bad actor for a lot of the past couple of decades. so this wouldnt exactly be new. but i do think to the extent to which rebels take hold and to the extent to which there is any kind of movement toward democracy i t...