Trumpet in this race for the United States has. Used various terms in order to describe israel the west bank and the gaza strip you can. Look it up throughout the years it has changed so one headlines the coronavirus story and Everything Else to talk about at r. T. Dot com pictures and features there for you or a very social media check if you get a minute its midnight 31 here in moscow my name is kevin owen thank you for watching our channel we are r. T. International. Hello and welcome to cross talk where all things are considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crude carnage im joined by my guest was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and political an
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
To register. As always, we will take your calls and you can join the conversation on facebook and twitter. Washington journal is next. Is next. On thisod morning monday, january 13, the beginning of the legislative week in washington. Senators are preparing for votes on curbing the president s use of force against iran and starting an impeachment trial. Iran. St, your thoughts on what steps do you want lawmakers to take to limit the military did lasts the house week or support the administrations strategy. . Democrats, 2027488000. Republicans, 2027488001. Independents, 2027488002. Active and retired military, we want to hear from you, 2027488003 is your number. You can text us on that line with your first, city, and state. We will get to your thoughts in a minute. Lets begin with the hill newspaper. Democrats scramble to reign in trumps iran war powers. Democrats are racing against the clock to shore up as the fight shifts to the senate. A lawmakers looking to limit trump possibility t
Joining us from new york this morning, antoine hope, hes a Senior Research scholar at columbia universitys center on Global Energy policy. Here to talk about oil prices. While were experiencing these tensions with iran. So, mr. Hope, lets begin with the history of the United States getting its oil from the middle east. Tell us about that. Right. Well, the volumes that are imported from the middle east have decreased dramatically in the last few years with the increase in election. But, in fact, the middle east has never accounted for very dramatic share of u. S. Imports. There was a time when there were significant imports from saudi arabia, from kuwait. The reason why the u. S. Has been playing the key role in keeping the shipping lanes safe in the gulf is not all about imports into its own country, its about the stability of the market as a whole. What is how is the market handling u. S. And iran tensions . Its been quite remarkable. There hasnt been much of a reaction. There was a k
Chad of fox news tweeting a from House Foreign Affairs Committee Eliot Engel today. I am disappointed and frustrated secretary pompeo will not appear before the committee tomorrow. New passing day raises questions about the strike that killed general soleimani. As there really imminent threat . And a story from roll call this afternoon, congressman isnt backing down and is running for reelection as an independent. Ongressman amash has been mentioned as a possible impeachment manager. The u. S. House is back at the on the he hour and agenda this afternoon, a number of veterans and financial bills. S votes expected at 6 30 eastern. Watch the house live when they at 2 00 p. M. Eastern. Also coming up this afternoon, the Transportation Research on the lds a discussion administrations 2020 transportation and infrastructure policy priorities. You can watch that live at 3 45 eastern on cspan3. At cspan. Org or listen live with the free cspan radio app. Joining us from new , Antoine Halff. Sen