Country in the history of the earth you are deemed as matter. For more information go to our website www. Studentcam. Org. Here to talk about security of the Global Oil Market is brian scheid, the oil news a Senior Editor for smp global plats, thank you for being here. Things or have any. Tell our viewers what exactly was struck in saudi arabia and how it impacted supply. About a week ago the oil market was in almost a general malaise over and over supply situation, there wasnt a lot happening with the crisis was very volatile market. Then saturday morning happened and there was an attack on the ad quick processing facility the largest in the world in saudi arabia and the crew raise field which is the second Largest Oil Field in saudi arabia there is still a lot of debate about what actually occurred during this attack and whos to blame, the u. S. Is already can blame on iran and we will see a lot more as that goes forward but what happened with prices was this knocked out 5. 7 Million
This is a look at gaza city where Israeli Forces launch counter strikes. Smoke is rising from the strip which is in the dark. The only power plant has run out of fuel. Israel is fighting a two front war as has bella terrorists launch missiles from lebanon. 1200 have been murdered in israel, that includes at least 14 americans. Thats what is going on there. Lets look at wall street. A slight upside move, 16, nasdaq up 50 points, the 10 year treasury yield falling earlier in the day, the 10 year treasury is on the downside, falling 4. 60 . That is the guild. The price of oil, 85 a barrel, bitcoin around 27,000. Thats where it is now. Now this. Right after 9 11, america and much of the world was united. Terror was morally repugnant and must be defeated. Saturday, october 7th, israel suffered its own 9 11. Now, as the full scale of the horror is revealed, israel is united, the rest of the world should be too. We are not going to show you all the terrible pictures but we will tell you what
The growing demand for plastics is driving global oil and gas demand and it is expected to offset reductions due to the transition away from fossil fuel. By 2050, 20% of global oil demand will go into the production of petrochemicals. [Gas in Transition, Volume 3, Issue 1]