United nations and the world bank and we hope to track to expand the generation transmission and distribution all key sectors. As an active participant in the team focused on the policy framework to improve the enabling environment and reduce the risk for investors through the consistent diplomatic engagement through the embassys and with the embassies in washington, the state department is working to ensure that the transactions that have the emphasis needs to structural policies and governance changes that will encourage even more investment. We have positioned a senior Career Foreign Service officer in the region who is working with our embassies to enhance and focus our diplomatic efforts while minimizing the cost. We are also Planning Regional training sessions sessions the world created the Energy Knowledge and skills of our economic officers in the embassies and in the region. We are very excited about the beyond the grid and and initiative that of the sub initiatives have as pa
Earlier wed been talking about the neutrality network, and Net Neutrality, i thought, was a little catchier. I didnt think it would catch on, but somehow it did. Host the president this week, proofer wu professor wu, spoke about Net Neutrality. Heres what he had to say. Im weighing out a plan to keep the internet free and open, and im urging the fcc to do everything they can to protect Net Neutrality for everyone. They should make it clear whether they use a computer, phone or tablet, internet providers have a legal obligation not to block or edit your limit to a web site. And they cant let any company pay for priority over its competitors. To put these protections in place, im asking the fcc to reclassify Internet Service under title ii of a law known as the telecommunications act. In plain english, im asking them to recognize that for most more thans the internet has become an essential part of everyday communication and everyday life. Host tim wu, whats your reaction to what the pre
In 2013 to approximately 6. 2 Million Barrels a day by 2020. At present more than 80 of current production is exported, but with Economic Growth drive g ing demand for oil and oil product in Subsaharan Africa we expect it will shift to much greater domestic use. On the natural gas front, major new discoveries are generating excitement in Global Markets and will be will provide fuel for africas growing economies. Among the countries with the most important emerging Gas Developments are mozambique, tanzania, uganda and madagascar where there have been major progress steps made for commercial development of newly discovered sources in recent years. In the power sector electrification rates in Subsaharan Africa are unfortunately among the lowest in the world as has been noted. North africa, by contrast, has electrification rates of over 99 , but in Subsaharan Africa, the rates are average, only 32 , meaning that more than 620 Million People lack access to modern Energy Services. And as the
Sitting right on the 18,000 mark on a day when were up 288 points on that index, or about 1. 6 . That also makes it the outperformer of the session. Look at the s p by comparison. Up by about 1. 3 adding 23 points. The nasdaq having a decent day as well adding 53 points. Almost back at 4950 as it continues, bill to climb towards that 5,000 mark. And can we see wti oil for one second . A late, very late rally here after the state Department Said that there was a 5050 chance that we would have a deal with enron by tomorrow. I love this. When kelly and i heard that you said oh gee, only 50. Only 50 50. At least we got 50 50. So half full half empty. Either way, oil rallied, and about a one dollar day on the closer comeback really is what it was. Because it finished down. Well talk to our guests about what that means. We have energy reacting to that move. And we have the financials leading the way today. Notably jpmorgan after that barrons Weekend Edition with jamie dimon on the cover. I h
We have some treats for everyone and cake as well. Thank you very much. [applause] thank you very much. And now on booktv, Jeffrey Sachs director of the Earth Institute at Columbia University puts forward a Sustainable Development plan to address global poverty, political corruption and environmental decay. [inaudible conversations] good afternoon everybody. And to those of you who have struggled here on a freezing day, congratulations. To those smart ones who are watching on line well done. And Jeffrey Sachs is wellknown to us a very good friend of the multilateral system and of the goals that we all share for development. I want to read you what bill gates said about jeff. Sachs could have had a good life doing nothing more than teaching two classes a semester and pumping out armchair advice in academic journals great but that is not his style. He rolls up his sleeves. He puts his theories into action. He drives himself as hard as anyone i know. Just doesnt always make friends. His g