Drops of 16 . A lot of restrictions in place. Thanks declining by daily 30 limit. Onto treasuries advancing for Third Straight day. The drop in Commodity Prices fueling speculation inflation and growth overall not Strong Enough to prompt the Federal Reserve to necessarily raise Interest Rates in september. Really where the action is. Commodities chinese of my calling to a fivemonth low. To boost production within a week of sanctions ending. Copper a good barometer for chinese sentiment and sentiments on how the chinese economy is slowing down dramatically. Nymex and brent both down on this monday. President obama is taking his plan to fight local warming to the American People. He will make a televised address scheduled for the next 15 minutes. The president previewed his proposal by posting a video on twitter. The new rules aimed to reduce gain Greenhouse Gases cutting by nearly a third within 15 years. Republicans are already fighting the plan. The Senate Majority leader Mitch Mcconn
Ft 100 of fractionally. Asia overnight markets are lower with the exception of japan which was up about a fraction. Devastation in puerto rico. The entire island this morning is about power after Hurricane Maria slammed catastrophic flooding. Very serious. Both territories are basically without power and will be for a very long time. They both had very fragile power systems. We dont have a good handle on the search and rescue at this point from the standpoint of fatalities were people trapped theater folks are moving out as soon as the weather allows encoding to be performing delayed safety missions. Maria we are following marias path as the storm battered the dominican republic. A daring operation underway in mexico. Rescuers in a race against time this morning to free a little girl trapped under the rubble of her School Following tuesdays devastating earthquake. The latest from mexico city coming out. President trump continues to deliver strong message in your beard the commanderinch
Wind Power Production has tripled and solar energy has grown tenfold. Greenepisco founder patrick more is with us. This sounds like a success for renewables. Is it . Not at all. Solar has gone up ten times, still drop in the ocean. The real reason as gone down and the missions of gone down is fracking for natural gas which people are also opposed to largely. The wind and solar is intermittent, is unreliable, is very expensive and the only reason it exists is because the utilities are forced by legislation to purchase it even though it costs a lot more than energy they could buy for less money. Stuart what chance does the president have of creating a coalition with other major polluters to pass some kind of Global Climate change deal through the united nations. China, india, japan, russia, canada, many World Leaders have woken up to the fact that this is a complete waste of time and energy and we should get on with the issues around Energy Security and dealing with problems in the middl
The overall effort will take time. There will be challenges ahead. Well do what is necessary to take the fight to this terrorist group, for the security of country and the region and for the entire world. Melissa president obama pledging to do what is necessary, despite repeated claims that he wont use u. S. Ground troops. Here to discuss, our very own charlie gasparino, david asman and wall street journal vdag, veronica daguerre. Allstar panel. What do you think of this . Dont tweet when youre on. That cant possibly be important. You never know. I dont trust a lot of what the president says regarding foreign policy. His statements are uniformly vapid often. Not say uniformly often. Melissa he said says things and he doesnt do it. We told him that we might bomb if we didnt get permission. You want to get rid of him, have more resolve. Melissa are you as critical as this guy . Of course. First of all he starts out with untrue premise, we wont have boots on the ground. We have boots on t
Gasoline demand is down from its peak and is likely to decline even more as vehicle fleet becomes more efficient. In addition to this trend reversal, International Oil production is less concentrated. Opecs share of production is down from 53 to about 35 . The existence of all contracts on the futures markets development of benchmark crude oil pricing and the availability of basic data from eia created by congress in 1977 have all brought Greater Transparency to the oil markets. As described in my written statement, eia is actively pursuing a number of important initiatives related to the timeliness and detailed of oil market data. Id like to thank you for the opportunity to testify here today, and hope to be able to answer your questions. Thank you. Thank you very much. And our next witness is mr. Lucian pugliaresi, president of the Energy Policy research foundation, agile recognized for five minutes. Thank you, mr. Chairman. Be sure to microphone on. Next slide. What id like to do is