Ron so there are children alive today that would not have been born if not for machinery so maybe it is not so monday and after all. Another example. The smart phone in your pocket right now is chock full of dirty algorithms using a Machine Learning to address to read you are saying to correct your spelling errors, predicted he will do and make suggestions using gps and you can compare that with your calendar to see if you will be late for meetings. All this is happening today with the help of Machine Learning and as we progress cell phones and what Companies Develop will learn more and more and as a result with all of this economic value is no wonder that Tech Companies are all over it they are investing heavily in Machine Learning so google recently paid half a billion dollars for a company that has no customers and no product pitches had better learn the of the rape of rhythms that led to predict what people will click on. That alone is worth half a billion dollars every year as ano
Secondly, even if we are producing okay a few hundred thousand barrels a day more, that in no way changes our linkage to the Global Oil Price and the exposure to a price spike. In fact, if anything, its both the fact that we are connected to the crude Oil Global Market and the fact that we are and i believe will continue to be major oil product exporters. We are exposed just as in that anecdote i gave about britain in 2000, we are exposed to the Global Oil Price spike and thats really the modern issue in terms of what the sprol does for us. Point being, if were allowed to compete in the Global Economy well have a more robust oil and gas industry in this country than well have if were not allowed to compete with a more robust industry were less dependent on the sprol . Again, im sorry, senator i dont its not only the eia but the other studies that have shown that by lifting the oil export ban, we not only, panned our industry we create more jobs and Economic Activity in our country so w
That you please keep your to no more than five minutes. Admiral blair thank you. I have the feeling that everything has been said but not by everybody, so we will fill in notes. Sen. Murkowski thank you for recognizing that. Admiral blair as we approach the 40th anniversary of the creation of the Strategic Petroleum reserve, a lot of the Energy Landscape has changed but the three things that are the same oil market is volatile, american businesses, and American Families are vulnerable, and the spr is our only shortterm line of the defense on supply interruptions, and it would be full hearty to draw down the single weapon we have to counteract Oil Supply Disruptions and price spikes. Madam chairman, you emphasized that your concern was National Security and that is my background and i agree. But Economic Security and National Security are tightly intertwined. The geopolitical actions are causing a disruption in Global Supply and there is a great pressure for military action. When i was
Our top story today, the German Parliament has today voted to join the International Coalition fighting isil. The country will send 1200 soldiers in a noncombat role, Reconnaissance Aircraft and a warship to the middle east. Heres paul brennan. The vote in germanys lower house was overwhelming, a margin of 445 in favor to 146 against. It reflects a wider mood broadly supportive of military action. Nonetheless, german lawmakers faced emotionive questions and vehement debate. You can be sure that the bombs of the last three weeks alone in syria have killed more civilians that that the barbaric attacks in paris and the mothers of raqqa are also crying for their children. A war of bombs is also terror and do those countries leading the war really want to get in a competition with isil about who understands more about murder. Those who did this have already lost. Taking into account isils disrespect for people and their brutality, there needs to be a damned good a argument to vote no, to co
Se sending more force to fight isil in syria. Im Barnaby Phillips in vienna at the opec summit. Oil prices are down, oilexporting countries are divided on what to do about it. Our top story this hour, four palestinians have been killed by Israeli Security forces in separate incidents across the occupied west bank. [ gunfire ] in bethlehem palestinians protesters threw stones at the israeli army. Earlier north of Ramallah A Palestinian man was shot dead after ramming his car into Israeli Soldiers. Two were likely injured. Stephanie decker joins us live now from ramallah. This is apparently getting worse by the day, steph. Get us up to date with the death toll so far. Reporter the death toll since the first of october when we really saw this wave of one on one violence start, these are huge numbers, but i think now were two months on. This is becoming a daily occurrence. It does go in waves. In a day like today, three separate incidents in separate parts of the occupied west bank. Last n