Skip to about 21:22-22:50 of this video and you hear Obama say that he wants to create a “World Oil Bank” so that all the oil in the world will belong to an international institution which would decide who could use it and when. He using fear (of nuclear weapons) as means of justifying this. If we let any nation (such as Iran) have all the oil they want for free, then they will no longer have aspirations of developing nuclear power. (As if Iran didn't have sufficient oil reserves already!) Yeah right, B.O.