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Why did u. S. Oil prices hit negative territory an unprecedented fall in American Crude Oil sales has added to the hardships caused by coronavirus so what will that mean for the u. S. And the Global Economy this is inside story. Hello and welcome to the program im Richelle Carey thats one of the worlds most valued commodities but the coronavirus lockdowns to overturn the dominance of oil the worth of a barrel of u. S. Oil fell to less than nothing on monday thats the 1st time in history the price has turned negative so this means producers ended up paying buyers more than 30. 00 a barrel to get oil off their hands it rebound a slightly shit disturber 2 dollars the next day that jaw dropping slide this because the world has more crude that it could use and Storag ....
Its now been 53 days since the president announced the phase one deal with china was agreed and just waiting to be inked thats 53 days and counting. Joining us for the full first hour of the show, Wealth Management ceo josh, did i pronounce it correctly nailed it todayly rsi, people toss around these terms, overbought, oversold they use them qualitatively. The market went up a lot its overbought. Theres a technical definition to things like being overbought. By any stretch of any way you want to look at it, we were overbought on something called rsi. S p 500 we hit 75, the most overbought weve been technically since january of 2018 and we know what happened after that a very swift 17 selloff. So its not shocking that you have big down 400point day in the dow. The big takeaway for me, to answer your question, is the biggest mistake you can make is go to these extremes of bullishness, bearishness, based on each days action today ....
Washington journal. Also live on American History tv on cspan3. I woke up at my home which was in eagle river. A suburb of anchorage. And it was all over the news. So by the time i got to work, i knew all about it. First reaction was disbelief. How could this happen . And the second reaction was just shock at the enormity of it. They spilled, i think, 11 million gallons of oil and covered, like, 11,000 square miles of ocean. Before it was done. The scale was inconceivable until it happened. Where r you working, what was your job there . I worked for the anchorage daily news, a reporter at the time primarily doing investigative work but also covering business so i had covered oil even before the spill. Can you tell us what the history of the oil industry was in alaska, how large was it during that time . The modern oil industry that we know today got its start in alaska in 1967 when there was a huge oil strike on the bay of the s ....
Involving the hazardous h 2 s. Gas they work at the central processing facility of the mage known oil field in southern iraq what makes their operation unique is that after oil joined shell left iraqis took over and for the 1st time they were running oil and gas extraction on their own. After shell pulled out and 2018 bus for oil company took charge with the same standards and criteria buster of company and in cooperation with other Consulting Companies also proved that it has the ability to manage much oil field despite the challenges that we face. One of those challenges a splitting from marshlands around the mage noon field this oil is below the nearly 5 metre high flood waters around the united mental risks mean new oil grid generals will need to be elevated engineers say theyve been able to reinforce dikes but one flooding could submerge their operation by june means crazy in arabic some say the name is in reference to ....
On tv and radio. The only reason we are on tour is bramos birthday. Happy birthday. Lisa thank you. Jonathan what else do we do on the birthday tour . Lisa im going to camden this afternoon. Tom hot, brown water with the king . Lisa you are appreciating yourself. It is a proper hot water. Tom 80 with crumpets. Jonathan lets restart. Fantastic guests, lets start with equity future on the s p 500 positive by. 1 . Not talked about enough this morning, we are very close to highs on the tenure this morning. 434 in america. Tom it is underplayed in america. 10 year real yield as the benchmark, against two percent, anything past 2. 03 is something new. This is underplayed right now. That is going to change abruptly. There is a meeting on wednesday. Jonathan there is neither another meeting on thursday. Your favorite line come that phrase from the disney movie, a whole new world. Tom it is a whole new world. Jonathan when wage gains do not get it done. Tom for the american audience, it is stun ....