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>> i think the united states must keep the military option on the table even if it's unlikely that it would be used. because to quote secretary mattis, he called it -- it would be catastrophic if we were to execute military operations against north korea. however, to the point that you bring up about how to leverage china and russia into this, the russian economy is very, very fragile. all they do is export oil and minerals. well, the united states, under president trump, he's talking about making the united states the principal energy exporter, the world's energy exporter. we could grossly un...

Falling to levels we haven't seen in seven years. the price of crude dropped three below $35. of course it's now up around 26.20 -- i should say 36.20, but still, oil is closing in on the low it hit during the financial crisis in december of '08 when i what down to 3'24"0 a barrel. analyst says the reason is a growing concern about oversupply. deidre is here. >> it is all about oversupply. the u.s., saudi arabia, other oil producers have been just going at full tilt so the world has a lot of oil. in fact, congress looking at a decision this week, to perhaps start -- allow letting the u.s. expo...

It has to do with the money. it has to do with the sanctions that congress in a bipartisan way have put on the iranian government and to me that's what has actually driven the iranians to the negotiating table in the first place. sanctions put on by congress. iran want money. they want sanction relief so that they can then do trade and shipping can be increased export oil and sell that and assets have been frozen. they want the money. i have concerns they'll use that money for terrorism. we've seen them do that with hamas and hezbollah and houthies. i think those are the concerns across the wo...

Them or develop nukes at a pace that the rest of the world is okay with ostensibly. we see what the houthis are doing in yemen. we see how they're using isis as this kind of opportunity to expand their reach in all of these different situations. looks like they're running the table here doesn't it? >> well look in terms of some of the regional issues that you just discussed, yeah they're running rampant. they're moving ahead in iraq, they're moving in syria. with with isis they are on our side. but they're causing a lot of problems in the region. now where we do have levers over them is the sa...

And so, you know, you cannot fight the law of supply and demand unless government puts some kind of an imposition in place and the imposition is the government is putting in place right now is not building the pipeline. we are suffering high gas prices because we don't have this oil flowing in the market which would help tremendously and the american consumer is abused not only by the environmentalists trying to stop the pipeline but by the very own government. >> export oil for refined fuels in asia and europe and that will drive up u.s. prices. what do you say to that particular portion of i...