Row. Thats how the picture looks now. Crude oil is back in positive territory. The dow is flat and trying to come back as crude oil has moved into the green but its a mostly flat line story at noon eastern time. So steve, give us your view on where we have been the last three days. You had this great run. Going for the fourth. Can it continue . Does it have legs . Is it something to believe in . And if not, why . I think we got way oversold. Id be hard pressed to think of one investor that does this for a living that wasnt at maximum bearishness and as i point out in december and again january, hedgefunds have taken their nets and their gross down to levels that you hadnt seen in years. So set up is the question of who had the guts to do it. So talking to a couple on the side of the investment banks, massive Short Covering the last two days in particular and yesterday more so than the day before. Now i think we were very oversold. I dont think were going into overpauthme overbought. At
A publicsector responsibility to work this, but the private sector as a has a Critical Role to play. The foiled october 2010 bomb plot makes the case. We saw the air cargo industry working to significantly step of scrutiny of air cargo. The Maritime Transportation system is a highly concentrated system with a few large Terminal Operators and carriers responsible for handling the vast majority of cargo. The zombies could potentially take on a leadership role for deploying technologies and tools on a global scale by providing near realtime visibility and accountability for content and location of all cargo. Whatwhat they would need is a means to cover the cost. The estimated cost ranges from three to 5 billion. Given that there are millions of containers moving, we are talking about ten to 15 per box a less than the security surcharge i had flying from boston to washington for this hearing today. The risk of an adversary exploiting remains clear and present. The disruption of such an att
Xray imaging of the containers, whether it is high, medium, or low energy, it still takes human intervention to analyze the results of that scam. So you have a radiation portal monitor that is a very ineffective and passive system and will tell you if there is a source emanating from the container of concern. You then need to take it the 2nd step to have the Xray Technology see what is inside. Most countries in the world use a risk approach like we do and only inspect those highest of concern through xray systems. Okay. What percentage are inspected after they get here . A little bit over 1 . And when it hits the us port. Its about 2. 7 percent on top of the 1 percent. The next 2. 6 or 7 percent is the next level down . Yes, sir. Examined that whatever seaport they come into. A lot of that depends on shipping patterns and where they are arriving from and where they are coming into. They should be focused on the ports that have more of a greater likelihood of finding that type of device
Our borders from other transnational threats, our operation is based on layered security where we attempt and i have described earlier some of the partnerships that we have with regard to Port Security to inspect port facilities for their security regime overseas. With regard to specifically the source and transit zone for narcotics we also have significant partnerships with countries in south and Central America that allow us to board their flag vessels on the high seas, recognizing that many of the nations dont have robust coast guards or navies with the kind of off shore capability that we have. So those partnerships allow us to detect and interdict drug shipments far off shore. In the case of one interdiction i made, over a thousand miles west of the galapagos islands, with drugs destined for mexico and then ultimate i will for the United States. So we use using our long range aircraft and cutters and detection monitoring capability of the department of defense and other partners w
Devices to alert the team to the prejudic presence of radiation. In 2004 we developed a maritime Radiation Detection program and maintain a close relationship to standardize the equipment and enhance the National Capacity for detection with multiple levels of capability including the ability to reach back to scientific experts for more information. We do this in conjunction with cbp and with tsas visible intermodal response. Many of our units including our coastwide sectors and our Deployable Specialized forces and our major cutters are equipped with the devices that can identify specific isotopes distinguished between manmade and Natural Sources and reach back for assistance. Specifically our Maritime Security Response Team or msrt provides the nation with the unique maritime capability for Nuclear Detection, identification, selfdecontamination and routine or hostile situations. The msrt is specifically designed and exercised to integrate with other inner agency or dod response forces