Page 12 - Certain Oil News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And, Credit Suisse beats analyst estimates. We will be speaking to the lenders chief executive in zurich. Hello. Welcome to countdown. A warm welcome to the program this morning. It is a big day for bank earnings. Credit suisse just reported earnings for its Fourth Quarter in 2014. It is proposing a dividend and investors can choose whether to receive it in shares or cash. The banks net income beat analyst estimates at 921 million swiss francs against an estimate of 869 million for the Fourth Quarter. Be sure to stay tuned. We will be hearing from brady dougan on those numbers. Thats coming up...

Do van hour heft o go in the session. Looking to see if we can continue this run thats making front pages. The s p adding record territory again. And same for dow. Nasdaq up 17 points for his part but were note braking out the nasdaq 5,000 hats just yet. But they are being made for that day it comes. And yes it is finally hitting newspapers. Lets talk about the closing bell exchange. Rick santelli and others join us. Good to see you all. Pat powell we are just joking here. I said we got 18,000. Can we do 19,000 by new years eve. Are we at the point where were expecting this just to continue . ...

Its not its a state of mind. It is. Thats what we keep saying. Over and over again. And theres a lot of new this is the new blah blah blah. I think 15 years is fair. Dont you think 15 is fair . Is fair for what . What i am is the new 15 years less. Do you want to do how old are you now . I can sing it. No. You know what they say. They say that the beginning of the hours are the most important to hold, to pull in the viewers with the current news. Nerds, move on. Exactly. Thank you. Some of the stories were watching this morning, the Global Markets. Oil prices extending yesterdays 5 route. The ...

Last decade, billions of dollars were invested in upgrading refineries in texas louisiana and those were on the gulf coast to process heavy crude oil now we have a surplus of light crude. So its created problems. I think the concern of surplus of light crude, because they are typically the shale, those wells are very shortlived, but theyre much cheaper to drill in the army are once. So theres some issues with our be going to have to reinvest for those refiners another 2. 5 billion to handle the lighter crude . There are upgrading and new Construction Projects underway right now to allow the re...

1970s. But this isnt the 1970s. One of the key questions he already asked. What would happen if we are repealed the ban . What would happen to domestic gasoline prices . I havent seen any study that says they would go up. And, you know, the reverse question would be what would happen if we dont . What happens to Domestic Oil Production in the midterm and long term if we keep the ban in place . The key issue there is the market for domestic crude oil. U. S. Refinery capacity, i think, is around 12 Million Barrels a day. Is that correct . Domestic crude oil is close to nine Million Barrels a day...