Greetings and sell you. Welcome back my hawk watching friends as we begin a new week in the age of 19 here in the United States of america recent days have brought us a tale of 2 protests one featured americans split all walks of life joining together to take out a corrupt system of oppression that is robbing people of their livelihoods and liberty in a time of crisis the other featured lots and lots of predominantly white people and very well armed americans throwing temper tantrums over not being able to go to the store. I bet i bet you cannot guess which one of these 2 protests are brand name in chief the want to know me President Donald Trump himself indorsed well if you guessed the largest rent strike in nearly a century well thank you for playing but you can go home and sort of the landlord is never. Never ever ever ever going to get behind a rent strike no no President Trump took to twitter to throw his support to the armed lemming hordes protesting in front of the state capital
Prince mohammed bin solomon that unless the organization of the Petroleum Exporting countries opec started Cutting Oil Production he would be powerless to stop lawmakers from passing legislation to withdraw u. S. Troops in the kingdom for sources familiar say yeah well i dont really understand this all saudi relationship anymore i mean why are we why do we have troops there and saudi arabia anyway why do we have troops and cutter so huge military bases its a waste of money. Why do we have troops in south korea thats a waste of money why do we have troops in germany 50000 american troops in germany thats a waste i want to you know we cause we have is huge military presence all over the world we have a huge cia n. S. A. All these intelligence agencies that we pay you know as taxpayers theyre funded with 1. 00 to 1. 00 trillion dollars a year and when this covert money team thing hits trump is like. We dont know or we think its from china we think its from ohio but what in my opinion the
Its time to boost your news i hear. Its a move no one seen in decades on monday oil prices plunged into the negatives prompting President Trump to make this announcement were looking to put as much as 75000000000 barrels into the reserves themselves that would top it out it would be 1st time in a long time its been good for the right price. Now adding that much oil is a major task but where do you store it meantime Oil Prices Continue their downward spiral today for more on all of this lets bring in our fronsac shes been following the story and this is the 1st time in history right that that oil has dropped below 0 right now and you know this is really a domino effect all from the coronavirus now people have these stay at home orders so people are theyre driving less no ones flying anywhere so you have all this extra oil not being used and theres only so much oil the world can store and were already bumping up against the limits of storage to pass. City and thats why were continuing to
Are doing here and why we are doing it, this is part of an ongoing series sponsored by the center that historical current issues. The center itself is strictly nonpartisan and the purpose of the program its not to advocate for any particular policies, but to provide Historical Context helping inform policymakers as they deal with difficult issues. I want to thank or acknowledge the Financial Support of the mellon foundation, which makes this briefing possible. I also want to thank regional weekly in the back of the room, which is the assistant director that helped organize this. I want to thank the office of gerry connolly, and also alert you to the fact that you all have index cards on your chairs. This is for questions. As the presenters are speaking, feel free to jot down questions. We will collect them. The second half will be devoted to q a. We will collect the questions and go from there. Thank you all for coming. David . Good morning. Thank you for coming. I have been Teaching I
Its a move no one seen in decades on monday oil prices plunged into the negatives prompting President Trump to make this announcement were looking to put as much as 75000000000 barrels into the reserves themselves that would top it out it would be 1st time in a long time its been good for the right price. Now adding that much oil is a major task but where do you store it meantime Oil Prices Continue their downward spiral today for more on all of this lets bring in our fronsac shes been following the story and this is the 1st time in history right that that oil has dropped below 0 right now and you know this is really a domino effect all from the coronavirus now people have these stay at home orders so people are theyre driving less no ones. Flying anywhere so you have all this extra oil not being used and theres only so much oil the world can store and were already bumping up against the limits of Storage Capacity and thats why were continuing to see the price to continue to sink now a