"I want gas prices lower because they hurt families", says President Obama taking questions at a White House news conference. He also says it's indisputable that he has Israel's back and refused to comment on Rush Limbaugh's remarks, but says he wants Sandra's (Fluke) parents to know they should be proud of her for speaking her mind.
Fears are growing that rising gasoline prices could stifle economic recovery. Those rising gasoline prices are becoming a subject of hot political debate in a presidential election year. Geopolitics is behind the rising prices, most noticeably due to the increasing tensions over Iran’s nuclear program.
"Of the last $20 in the Brent crude oil price rise, I would only attribute about $5 to Iran and 15 to liquidity and continued quantitative easing and just the fact that the supply of money continues to rise," Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch Global Research, told CNBC, because it is "dropping the value of money, relatively to the value of real asset," she explained.
President Obama will address the pro-Israel group, AIPAC before a crucial meeting with Israeli Prime Minister, Netanyahu on Monday. Discussing America's policy on Iran and whether Obama will be able to convince Netanyahu he will be on Israel's side, with Jeffrey Goldberg, The Atlantic, and Peter Brooks, Heritage Foundation.
The “Fast Money” pros weren’t concerned that the effect of a Saudi pipeline explosion - false, as it turns out - would last.
Iranians head to the polls on Friday for the first time since disputed presidential elections in 2009, and although most experts do not believe this week's parliamentary elections will witness similar tension, it may still prove a crucial turning point in a domestic power struggle that has been in the making for years.