Page 14 - Oil Problem News Today

Turkey? >> well, yeah. and i know that the turkey-syria thing is obviously escalating because of what happened with the shootdown of the su-24. but thats a peripheral issue, and i think this president fundamentally has gotten it wrong because he doesnt understand the difference between terrorism and jihadism. thats what is going on there now. were not talking about a terrorist group and to think of isis in those terms is wrong and misleading. hes getting bad advice there. this has ceased to be a...

Turkey? >> well, yeah. and i know that the turkey-syria thing is obviously escalating because of what happened with the shootdown of the su-24. but thats a peripheral issue, and i think this president fundamentally has gotten it wrong because he doesnt understand the difference between terrorism and jihadism. thats what is going on there now. were not talking about a terrorist group and to think of isis in those terms is wrong and misleading. hes getting bad advice there. this has ceased to be a...

Global response. what the white house and this administration decides to do now, is there a yes/no factor for making the oil problem better or could it go either way? >> heres a funny thing, not funny ah-ha about markets. sometimes when governments respond it makes it worse because you think it is so bad there is a u.s. response or if the u.s. response were to be complicated in some way, that could mean another spike in oil prices >> you mean a quagmire. >> a quagmire would be very bad for oil p...

Has had trouble with going too deep. it had trouble with oil or some oil of mechanical problem and now this. its not exactly filling us with confidence but they dont seem daunted. >> no, you are right. on the surface of it, you can say well, three out of six missions they have had an issue but those running it say this is a highly technical piece of equipment. it is also going down further than it has ever been before, going down 4700 meters. the first time it aborted is because of a fail safe m...

Century, to subsidize oil, why would we want to do that after a century to the most profitable industry in the world. further stewart i came to america 40 years ago after the oil problem in 1973 and solar was supposed to take off, it was the energy source of the future. that was 40 years ago. but, today, solar supply is less than 3 percent of americas electricity. now, it is not gone very far in four decades but you want us to keep on putting money, taxpayer money, into it? >>guest: a better que...

The reserves. they brought capital to market and drillers kicked in gear. fortunately a lot of the gas was in private lands and we didnt have to rely on federal lands. five years were at a surplus. can we do the same thing with oil? yes. first thing we have to get the government and people in this country to recognize that those minerals belong to the taxpayer. they dont belong to the white house or congress. they belong to the taxpayer and we should have a right to extract from it. >> you are t...

The reserves. they brought capital to market and drillers kicked in gear. fortunately a lot of the gas was in private lands and we didnt have to rely on federal lands. five years were at a surplus. can we do the same thing with oil? yes. first thing we have to get the government and people in this country to recognize that those minerals belong to the taxpayer. they dont belong to the white house or congress. they belong to the taxpayer and we should have a right to extract from it. >> you are t...

The reserves. they brought capital to market and drillers kicked in gear. fortunately a lot of the gas was in private lands and we didnt have to rely on federal lands. five years were at a surplus. can we do the same thing with oil? yes. first thing we have to get the government and people in this country to recognize that those minerals belong to the taxpayer. they dont belong to the white house or congress. they belong to the taxpayer and we should have a right to extract from it. >> you are t...

The reserves. they brought capital to market and drillers kicked in gear. fortunately a lot of the gas was in private lands and we didnt have to rely on federal lands. five years were at a surplus. can we do the same thing with oil? yes. first thing we have to get the government and people in this country to recognize that those minerals belong to the taxpayer. they dont belong to the white house or congress. they belong to the taxpayer and we should have a right to extract from it. >> you are t...

The reserves. they brought capital to market and drillers kicked in gear. fortunately a lot of the gas was in private lands and we didnt have to rely on federal lands. five years were at a surplus. can we do the same thing with oil? yes. first thing we have to get the government and people in this country to recognize that those minerals belong to the taxpayer. they dont belong to the white house or congress. they belong to the taxpayer and we should have a right to extract from it. >> you are t...