Today we are here to discuss the stakeholders Corporate Average Fuel Economy Program at the national Highway Transportation Administration in the Greenhouse Gas emission standards at the us epa agency that governs fuel economy standards. This program was established by congress in 1975 and the goals of the program are to improve vehicle economy, reduce Oil Consumption and secure the Nations Energy independence. The program has undergone major changes and modifications the past four decades both because of political and economic forces. Less than ten years ago and on top of the program the epa was created with the device more efficient vehicles that will use less fuel and less corporate backside. In addition various states have enacted their own standards with respect to automobile admission. The combination of these departments is created and incredibly compensated regulatory scheme improving fuel efficiency and achieving Energy Independence is an important goal. Realworld backs and da
Benjamin segal oversees nearly 300 billion in assets. Thank you for joining us. Lets start with the u. S. Dollar. It has been weaker. Is this the result of central foot off andtheir backing away from quantitative easing or does it have to do with washington . Its a bit of both, the central bank is unwinding and Interest Rates will go up. The u. S. Central bank, the fed, will be first and that would argue for a stronger u. S. Dollar. I think you are also seeing the economic recovery in europe which is driving european stocks and European Economic and. Eavily the companies there are feeling more optimistic. Therefore, the prospect for rate rises in europe potentially. , weink that combination have had some political dysfunctionality in europe around brexit in the elections last year. I think we had a little concerned there but as those concerns of bait and some political concerns in the u. S. , higher Economic Activity in europe, more Political Uncertainty in the u. S. Is taking the u. S
And demand theres so many other factors but right now its holding nicely but david youve seen these markets over the years like you say you have a longer term term view and and we do see opec and other nations russia namely that have their Production One point eight one point eight billion Barrels Per Day that theyre there holding off the market but the u. S. Seems to be making up for that so you do you see the increased u. S. Production keeping sort of a governor on prices. Absolutely i mean the United States has been i mean lets be realistic theyve been knocking the cover off the ball i mean theyre at the highest production rate that theyve ever been you have regulations that are being pulled back like it or not it is what it is and thats going to enable more and more production to be made so i do believe that will be a major factor and keeping somewhat of a cap i dont see except for maybe a world event there an issue in the middle east i mean a major issue a major spike in prices an
When electronic markets come in and the algos kick in there is no way the average person on the trade or ameritrade thats putting their orders and can hit that button and make a decision fast enough to curtail their losses and training is very simple its all about critelli your losses and riding your winners and that makes it very difficult you know when markets go down they go down fast when they go up they can go up fast too so its a double edged sword David Greenberg founder dreamer a catheter executive Committee Member of the New York Mercantile Exchange in the path thank you for joining us david. Thank you good to see you. And more energy when we return but as we go to break markets continue their curious correction the dow when just Dow Jones Industrial average dropped by one thousand one hundred Seventy Eight points today thats following fridays six hundred sixty point one we saw the largest intraday dow drop in history in history keep in mind that the dow was up in january year
About critelli your losses and writing your winners and that makes it very difficult you know when markets go down they go down fast when they go up they can go up fast too so its a double edged sword David Greenberg founder and dreamer a catheter executive Committee Member of the New York Mercantile Exchange in the past thank you for joining us david. Thank you good to see see you. And more energy when we return but as we go to break markets continue their curious correction the dow when just the Dow Jones Industrial average dropped by one thousand one hundred Seventy Eight points today following fridays six hundred sixty point plummet we saw the largest intraday dow drop in history good history keep in mind that the dow was up in january year over year thirty percent in january alone so five or ten percent is still you know were still up and some of predicted this thing i predicted it but i didnt think it was to come this fast in this furious as we go to break here are those numbers