Look at oil prices. It has been one of the keys to working out what is happening in the markets at the moment. The oil route continues. I have a wti chart here. In the far righthand corner, we see 34. 59. Arab opeca meeting of members in cairo over the weekend. The Iraqi Oil Minister talking about how we do not need to be pessimistic about oil prices. A similar message coming from the qataris. Spain faces unchartered Political Uncertainty this morning after the Prime Minister lost his majority in an inconclusive election. Thety lost a third uncertainty may see spanish bonds open lower today. Brent crude fell to its lowest level since july 2000 or amid the speculation that supplies pricesacerbate a global are down 37 this year. Iraqs oil minister says oil well bounceback because the current price is hurting reducers. He did not say when that would happen but insisted that market fundamentals are strong. Toshiba slumped the most in seven months. The comments came after the nikkei said to
Isnt it is always about money. Melissa tonight we start with a breakthrough, a possible energy gamechanger that as i said you have probably not heard of. They call it, fire and ice. It sound kind of scifi. It is methane hydrate andt is a solid form of natural gas found in two places of the at the bottom of the ocean and deep below the arctic ice. But test runs havelready been done to extract i obviously thats not easy. Experts say it has more energy than anything else that exists. Forget the fracking boom. This could blow all of that out of the water literally. Here to explain and probay introduce the future of energy, Richard Charter from the ocean fodation and Steven Schork of the schork report. Thanks for joining us. Richard, let me start with you. What is the potential here . W powerful is tis . I would consider this a potential future ergy sourc rather than a Current Energy source. It is worth studying. It is frozen water ice, crystal line modern i with crystals of methane locked
Isnt it is always about money. Melissa tonight we start with a breakthrough, a possible energy gamechanger that as i said you have probably not heard of. They call it, fire and ice. It sound kind of scifi. It is methane hydrate and it is a solid form of natural gas found in two places of the at the bottom of the ocean and deep below the arctic ice. But test runs have already been done to extract it obviously that is not easy. Experts say it has more energy than anything else that exists. Forget the fracking boom. This could blow all of that out of the water literally. Here to explain and probably introduce the future of energy, Richard Charter from the Ocean Foundation and Steven Schork of the schork report. Thanks for joining us. Richard, let me start with you. What is the potential here . How powerful is this . I would consider this a potential future Energy Source rather than a current Energy Source. It is worth studying. It is frozen water ice, crystal line modern ice with crystals