As we learn more about that unfolding situation today. But first, we want to turn or attention to a major change underway in america. Today workers in our Energy Industry are wondering where the Biden White House is leaving them. They spent decades Building Energy independence in this country. Thats been great news for workers and not such great news for other big Energy Providers like venezuela or russia or the middle east. We were building our own enormous energy supply. That shifted. The global power dynamic in a way that has not been seen since the advent of the automobile. Now its changing. Executive orders are it sheing down new leases for fracking on federal land. As you know, the xl pipeline is a casualty here. Heres what some of those workers are saying as they react to this. You prepare for these large projects. When one gets the rug yanked out from under it, you have nothing the next year or two years. I cant believe that all this in one day, that a mans stroke of a pen can
To its lowest in 4 years brant crude dropped below 30 us dollars a barrel on monday Global Demand for oil was already low since governments imposed widespread lock downs and airlines grounded flights because of the disease they were cartel opec and the International Energy agency both warn that developing countries such as algeria angola and venezuela could suffer the most losing up to 85 percent of the oil and gas revenue this year. Or the price war started last week when russia rejected plans by saudi arabia to cut Oil Production the kingdom and other opec countries want Higher Oil Prices following the drastic drop in demand because of a coronavirus pandemic saudi arabia responded by announcing plans to pump much more oil at hugely discounted prices last monday brant crude recorded its biggest one day price fall since the 1991 gulf war Investment Firm goldman sachs. Warns prices could fall to 20. 00 a barrel both the saudis and russians say they can survive the price crash by relying
As warren buffet called it use weapons of mass financial destruction so there instead of just trying to be a conduit from the central bank to main street they are saying that we are going to abuse our role as intermediary to coerce you to. Reward us with huge rewards of cash that well then pocket and not circulate in the economy and this is a problem thats gotten worse and worse we saw it in the 2008 crisis where hank paulson went to washington and got the tarp money and we didnt get it the 1st day he instructed his minions on wall street to crash the stock market the next day they did it again abusing their role as Market Makers to weaponize that role. All and then the next day Congress Gave them the 750000000000 which became now 16 or 17 trillion. And so the ability of bankers who have weaponized intermediary Market Making products to cold worse government and to have the media on their side to bankrupt the economy has led to now a situation of extraordinary duress so what hes saying
Prices and lack of demand. Oil is up about 2 amid more tensions with iran. That countrys foreign minister is threatening allout war in the event of a u. S. Or saudi military strike. Meanwhile, facebook chief Mark Zuckerberg heading to capitol hill today, trying to promote his vision for moderate internet regulation, as antitrust investigations are heating up. Plus, we have news on a possible isis connection to that mechanic who tried to sabotage an American Airlines plane. And Major Tv Networks are saying no to advertising ecigarettes. Varney company starts right now. David first to washington, d. C. , where midlevel china trade talks are kicking off today and they seem to be having a positive effect on the markets. The Dow Jones Industrial went from negative to positive on the news. Edward lawrence joining us live from the white house right now. Hi, edward. Whats going on . Reporter yeah, literally right now, the talks with the chinese delegation have started. The delegation has walke
Each new track brings its own unknown danger is. According to the dr as they have never been any deaths but many injuries. Each one of them except its the risks as an occupational hazard. To drivers on a fixed salary with an added bonus is if they manage to transport more would have been expected. Its not looking promising for todays bonus. The bulldozer driver brings back bad news the road is an excess of all unless the drive is used this technique nicknamed the coup. Im callin. You since return journey promises to be event. Will take on the same routes in the opposite direction for you noted transporting the giant wood logs to the riverbank. Live. Live. Live. Live. It will you never see what youre the guys who made a point of. Going down the bottom. If you look at my. List of implementing. It. Live. Even on the most dangerous jonny use of things have his family some 5000 kilometers away in indonesia. Oh no. Let. Up on the mighty one. 0 my. God thats. The time. To days journey is over