They are not the same people dedicated to producing the light, sweet crude thats produced in the oil sector, for the most part. So if you offer discounts to asian consumers at large so that they become beholden to your type of oil and they build refineries specifically dedicated troo processing your type of oil its going to be harder for them to switch to somebody elses oil down the line. So it makes sense to keep the price a bit lower right now so that asian consumers build up refinery capacity for medium and heavy sour sulphur rich, saudi type oil, and you try and guarantee your market down the road when you will be putting on the brakes and sending prices back up. Okay, this is kind of thinking about the supply and demand side of the market, but there are other factors that we need to think about that i think people dont often like to consider. And that is that the saudis, the qataris and their friends in the gulf on the sunni side of the aisle have created a monster. By funding rad
I also think more incentives to encourage annuitization makes sense. There is an area where economists are more divided than a new it is then annuities. Efficient way of allocating your retirement income. Almost no individual will willingly annuitize. Option of am the lump sum, they will take it and walk away. It is a human nature kind of thing. Annuity turns you from a millionaire to somebody getting income per year. I think tax incentives are something along those lines to an courage to encourage annuitization. It is a high hurdle to get over. Back to listen to the chairmans closing comments. Yes, you did. Few in the senate know that secure the issues have thank you all for testifying. Some members may have written questions for you if you would get answers in the next week to us via to us. I think the hearing was a success in many ways because the debate should be about the issue of achieving retirement security. Not budget issues the way that they are issues of how to debate on how
Yield. How much is the u. S. Government paying you . There you go. Crude oil which we have been taking a lead from. Ive got good stuff on crude. You do . Cant wait to get to it. We start with twitter. Sheriffs getting hit hard after the Company Reported Slower Growth and guidance. Not good for the rest of the year. A couple of dow components reporting before the bell this morning, as well. We are going to have headlines on two big names for you. Talking pfizer and dupont. Plus, apple and alibaba working together. Ceo jack ma hes not the ceo, hes the founder of alibaba. He speaks at length on that idea and well tell you what he had to say in a couple of minutes. Far from the ceo. Joe tsai is not even the ceo. Twitter shares are down sharply premarket despite posting revenue that doubled in the Third Quarter and beat street forecast. Q3 the number of users that logged into that service once a month rose 4. 8 . That represents Slower Growth compared to the prior quarter. In an exclusive,
Day. Plateauing a little at that level, and then moving up more as u. S. Production continues to grow, and u. S. Demand plateaus off. Motor gasoline, one of the interesting things about the ability of refiners to export things like distillates, which are getting a very good price in the International Market right now, is it is resulting in high refining utilization rate. Theyre running now on the upper 90s, and what that means is products are being produced in surplus, in fact gasoline, theres enough gasoline around in the u. S. Now that prices have actually been relatively moderate, or below last years levels at this time. I wanted to and this brief run this brief run through of our major conclusions with a thought on Energy Related co2 emissions. We think that they will remain below thats 2005 that 2005 peak that you see when we then plateaued briefly at roughly 6 billion metric tons. This can, combination of several different things. Per capita gdp came down. We know that there was
Answered my question. You have even my response. It is recognizing this country, there are a number of risks we face. It is a large country. Part of the conversation we have to have is with the department of Homeland Security and the administration, lawmakers, the american public, we cannot mitigate every threat. It is understanding those that will have the most significant consequences and ensuring we have a conversation about how we go about mitigating them, that we have the resources, personnel, to go about doing that. Having the conversation that we have today and over the course of time are, i think, what is critical. You have already taken steps by moving away from sequestration. That will be helpful to us as well. I think recognizing we have to that we have to manage risk and that we cannot prevent every incident, and as long as we are adapting ashen general . Protective federal services is unique that we have both state,ugh local, federal, and civilian environments. We do that