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500 Million Barrels of oil, which makes it the uks largest untapped oil field. But the plan has faced widespread criticism. Last month 50 mps and peers from all major parties raised concerns the oil field could produce 200 Million Tonnes of carbon dioxide. Craig macmahon is Senior Vice President for research at the Energy Consultancy wood mackenzie. Hejoins us from edinburgh. Today we have had a lot about all this controversy all day long. What i want to focus on is the scale of this. Talk me through the size of this. Talk me through the size of this and what it might do for the uk as an oil producer . The this and what it might do for the uk as an oil producer . As an oil producer . The scale of it is not insignificant as an oil producer . The scale of ....
Lineup today. T first, live pictures from moscow as president putin makes his annual president ial address. We will discuss whether russia, brexit, and a u. S. President could make 2017 the year of total reset for Foreign Policy. We have a little bit of manufacturing pmi. The italian data is significant because this gives us a glimpse in the state of the Italian Economy just three days before they vote. These are the figures crossing our bloomberg terminal. We are seeing the Unemployment Rate staying put for october at 11. 6 . Line withty much in what were seeing in spain. Three days until renzis make or break referendum. Votell discuss what a no could mean. Lets get to the bloomberg first word news. Heres Sebastian Salek. Sebastian glencore will reinstate its ....
Speaking out after abandoning his potential mega deal with allergan, calling out the treasury in an op ed. And jeff immelt taking on Bernie Sanders in an op ed of his own, saying we create wealth and jobs instead of just calling for them in speeches. Lets take dimon first. Jpmorgans jamie dimon warning increased volatility is likely to stay. He writes, the good news is that the system is resilient enough to handle the volatility. The bad news is that we dont completely understand why this is happening. Dimon discussed the banks healthy Balance Sheet, showed some disappointment in the Stock Performance compared to the benchmark over the past decade on the heels of that journal op ed the other day. Look, he talks about what the Balance Sheet really means. Best line i ....
Call him that. That is some indepth reporting. Lets look at what is going on we have this decline going on asoss the board, though just commodities led the major averages higher, we see energy lead declines today. Now down 3. 4 . We had some chinese Economic Data out overnight in addition to chinese stocks falling. Aboute iran talking prioritizing increasing its exports. This is going back to energy stocks. Smaller and midcap Oil Companies are also feeling the pain. Chesapeake Energy Falling today in addition to the three. Brendan sadly it is still relevant, how are metals doing . The outlier in energy today is natural gas. Changingt different weather, we see copper and gold declining once again. Freeportmcmoran is down once again. Troubles compounded by the fact that it chairmans parting the company. One of the founders h ....