One basis point. Crewed up by over 1 , but it has been a brutal crude up by over 1 , but it has been a brutal week. Its time now for global exchange, where we bring you the market moving news from all around the world. Lets kick it off with the latest on the trade war. Chinese officials are narrowing the scope of what they will address in highlevel talks that kick off thursday in d. C. Bloombergs shawn donnan joins us on the phone. What do we know so far . Shawn the chinese delegation is coming again to washington this week, led by chinese vice premier liu he. He has been saying there are two big things they will take off the table this week. That is any discussion of broader industrial policy, and that is made in china 2025, this plan from xi jinping to dominate the world in areas like robotics and artificial intelligence, and also government subsidies. These are the subsidies that have really fueled chinas industrial rise over the past 20 or 30 years. They are off the table as far as
Oversight of the department of Energy Research and development enterprise. Welcome, mr. Secretary. Were delighted youre here today. This committee has jurisdiction over the department of energys vitally important science and Energy Research and development activities. The laboratories and facilities so i hope we see you much more frequently from now on, and i look forward to working with you throughout this congress. With the budget season mostly behind us, id like to bring just a few minutes and a few items to your attention. Ill start with the good news which is that despite the administrations best effort to make draconian cuts across the board to deo research and Development Programs, most actually fared well in the house of representatives. Im particularly pleased to see the increases to the budget for arpae and the long Programs Office both of which have yielded truly transformative results for Energy Technologies of all types. Im also quite happy that the house supported a subst
Of Liquified Natural Gas exports in the global market, the recent growth of u. S. Exports and concerns about Energy Relations with china and russia. The hearing was held by the Senate Energy and Natural Resources committee. Manufacturers and residential consumers alike. We have such a massive Resource Base that we can send substantial volumes abroad. Were now leading the world in natural Gas Production. Hopefully soon well also lead in exports. A few of those experts are here to tell us what is driving these trends, where they may be headed and how u. S. L and g fits into the equation. I use this term quite frequently but i hope were going to hear some ideas this morning on how to make our exports even more competiti competitive. Im particularly excited coming from alaska about the role my state can play. T furk has just released the draft for the Alaska Project, has great opportunity to move some tremendous reserves of gas on the north slope to market. Its a pretty important milestone
Morning everyone the committee will come to order, we are meeting this morning to examine the evolving Global Natural gas markets, the increasingly Important Role of u. S. Liquefied natural gas as well as the Competitive Outlook for elegy. America natural Gas Production has literally change the game, we say that a lot around here about that, but, it has been a game changer. Our production has started to the levels that many never even thought possible a decade ago. This in turn is boosting our economy as well as our National Security. It is providing a longterm low cost low emissions source of energy for our manufacturers and residential consumers alike. We have such a massive Resource Base and that we can send substantial values abroad. We are now leading the world and natural Gas Production, hopefully soon we will also lead in exports. Mobile demand for lng, we know is increasing. More u. S. Lng export facilities are coming online and more of our friends and allies around the world a
Morning everyone the committee will come to order, we are meeting this morning to examine the evolving Global Natural gas markets, the increasingly Important Role of u. S. Liquefied natural gas as well as the Competitive Outlook for elegy. America natural Gas Production has literally change the game, we say that a lot around here about that, but, it has been a game changer. Our production has started to the levels that many never even thought possible a decade ago. This in turn is boosting our economy as well as our National Security. It is providing a longterm low cost low emissions source of energy for our manufacturers and residential consumers alike. We have such a massive Resource Base and that we can send substantial values abroad. We are now leading the world and natural Gas Production, hopefully soon we will also lead in exports. Mobile demand for lng, we know is increasing. More u. S. Lng export facilities are coming online and more of our friends and allies around the world a