Reporter, why he would become a killer, a criminal. Why things happen that way. I would think that it needs to be the way al jazeera would do issueld go deep into the and look into all the possibilities and the reasons and bring experts to talk about it. That is the way we do it. Host director general of the al jazeera network. Thank you for talking about the network. That will do it for our show today. We will see you right back here tomorrow morning at 7 00 a. M. Eastern. The carnegie to endowment for International Peace for a discussion of the Economic Impact of lifting the sanctions on iran. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] good morning to all of you. I will give you a few seconds to take your seats and we will get started. Lets get started. I want to welcome all of you to the carnegie endowment. Im a senior associate here. I wanted to welcome our guest speakers today. He is the
Know. But there were bayous through out the area when they got here and the meterie and the bayou merged. They were dammed up. As a child, growing up in the city, i remember the fight for dry land. There were open ditches in the cities, at that time, they were gradually filled in and covered up. I can remember, i used to do a lot of walking on the levees at that time. Were talking back in the 50s and 6 os and they gradually got higher and higher and higher so you couldnt even see the water anymore from the streets and of course, walking on the tops of those levees, youre actually above the roofs of most of the houses. My question is this, since i basically was a northshore resident, is it not a fact that if you put lock systems over the london avenue canal and the 72 street canal, the water that, for instance, that is brought in on the hurricane surge has to go somewhere. The people in the communities of slidell, laplace, they are wondering where that water goes, they know, in their he
As an opportunity to capture by the state and its associated special interests. And possibly get up to no good abroad. Iran is a large and sophisticated economy. About the same size in terms of population and income as turkey. An economy about 40 larger and 40 richer perperson roughly than egypt. It is much more than an oil economy or an oil state. Presanctions, it produced 1. 6 million cars. That is almost three times as many as italy produces today. Admittedly, italy is not a good example of efficiency. [laughter] i was working in italy when they were producing 2 million cars. 1975. Opening up iran has an effect on world trade and investment at a time when world trade is stuttering. The report says iran could attract the number could be much higher than that. Turkey attracted 13 billion in 2013 and turkey does not have huge oil reserves in need of technology and money to restart and expand. As for the effect on oil markets, the report stresses the biggest gain for the world economy.
Lets start with the global level and the most important implication at the global level is the increase in Oil Exports Iran as a result of lifting sanctions. See, when sanctions were tightened, when the European Union tightened sanctions in 2012, there was a precipitous trop in iran positive will exports by roughly a Million Barrels a day. For laterso notice that the opposition of trading partners also shifted. In the tradewas with western europe, whereas trade with partners, the oil exports to eastern partners increased in some cases in proportion was much larger. We set as a first approximation t irans oil experts exports were going to grow by about a Million Barrels a day in thet six to 12 months after accord is ratified. Expect isat people the time needed to bring production backup to this level. We took that assumption of a Million Barrels a day and simulated it in a alltime country equilibrium model, multiple countries trading with each other, then we insert an additional Million
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