Publicly traded Shell Oil Companies the institute for Energy Economics and Financial Analysis found that between 2010 through 2018181 1000000000 dollars in cash was burned plus is the cast burned by the privately Held Companies so the total casper is likely in the neighborhood of 700000000000. 00 right during the im our republic that they didnt go through the artifice of creating a Public Company or a private company they just burned the actual cash in the stove to keep warm here theyve created simple Business Model of fracking which is another euphemism for burning cash right because it takes more energy in than they get out it takes more cash in than they get out it is a literally a Bottomless Pit of cash that is by definition impossible to make a profit from and in the private market like oh we work for other Tech Companies that are in the private market theres a mass hallucination going. Where theyve think that well we need to become the Biggest Energy exporter and producer in the
Over National Security concerns. A colleague brings you another news update next hour dont go anywhere there is kaiser report but if youre away stay with us. Max kaiser this is the kaiser a party of all or that expression if you find yourself in a hole stop digging sounds logical right. For one particular industry. Well thing indeed in fact there are 2 industries and weve talked about them often thats the Tech Industry we have the tech bubble 2. 00 with we were left peloton all of those sort of companies and we have the fracking one and thats important for this 1st headline for wall street dot com because he looks at all these bubbles going on what he says is heres what im worried about with the everything bubble how cash burn machines power the real economy and what happens to the economy when investors refuse to have more of their cash burned so he calls it the cash burn machines these are investors willing to just keep throwing money into ever losing operations we work. Of course th
Kurds as an ethnic group and then between 2 i. P. G. Or terrorists now we have the Syrian Government forces in position and fighting alongside kodesh forces inside syria and of course there is this concern of a direct clash between turkish troops and also Syrian Government troops whats the prospect for that or how do we even avoid that possibility. Well 1st of all i think would be a mistake for this year even if you come into direct confrontation with turkey secondly i think the russian effect is more significant than the presence of some forces loyal to the assad regime it is going to hes conducting an operation to e. U. And russia are you know having diplomatic channels open and theyre basically. Turkey is looking at what russia will do instead of assad regime. I mean assad regime brought in some force which it was conducting an operation after it and a received the the answer or the response. That took you put forward and you know they were pushed back but they recently i mean did t
A heat wave with mondays higher about 10 degrees above what is normal for october polands governing nationalist party has won a 2nd power 2nd term in power early results show the law and Justice Party won more than 45 percent of the vote with the turnout was the highest in 30 years but as Andrew Simmons explains from warsaw its a party that divides opinion. Polina lipinski is one of the voters behind the surge in popularity of polands ruling party shes a devout catholic who fell on bad times 10 years ago when her husbands business went bust here with one of her 3 children for whom she gets a government allowance of 125. 00 a month each they safe are far from me because the far we dont have money to pay for. On this for 4. Cowards but now i. Feel like and their mark people and. Ringback whatever the political belief an increasing number of poles many like polina have been attracted to the law and Justice Party policies but its a divisive situation this couple believe voting for national
Is feeling like it was just a publicity stunt. On the uk government site. A man opens fire outside a synagogue in germany at least two people have been killed. All thomas cooks stores are bought by hayes travel, in a move that could save 20,500 jobs. Coming up, ive been speaking to some of the People Living in one london borough thats been hit hard by knife violence. And also coming up, well speak to a former sun journalist about Coleen Rooney accusing rebeka vardy of using her private instagram to obtain stories about her,and selling them to tabloid newspapers. The fighting in syria has taken a new turn with turkey launching airstrikes and us allies accusing america of betrayal. Turkey has begun a major offensive against Kurdish Forces who control the north east of the country. The kurds are currently involved in joint military operations with american troops in syria and have played a key role capturing thousands of is fighters. Its unclear what will now happen to those fighters. The