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Detailed text transcripts for TV channel - MSNBC - 20161214:01:36:00

Dnc, podesta. explain to me, i mean, russia has gone through a period where it is hurting economically for two reasons. it s got sanctions, it s got oil prices, really low. that s exactly right. what situation does it find itself in and what needs to happen? both are being attacked right now. see it on lts sidelines. for example, there was a new opec deal for a production lowering, down to 33.5 million barrels a day. this is going down a million barrels a day from where they were. what has happened is not that this has been the first time opec has brought down production. this is the first time in history that russia over the last weekend has come onboard to that production decline. russia is saying, opec, we ve had this glut and low prices for a really long time and we re all bleeding. right. let s tastop the bleeding together. we re going to cut production, you guys cut production, let s get the oil price back up. exactly. what you have in this new trump administration, ....

Oil Prices , Production Lowering , A Million , 33 5 Million , Production Decline , Commerce Secretary , Oil Price , Connective Tissue , Wilbur Ross ,

Detailed text transcripts for TV channel - MSNBC - 20161214:08:36:00

Now. see it on lts sidelines. for example, there was a new opec deal for a production lowering, down to 33.5 million barrels a day. this is going down a million barrels a day from where they were. what has happened is not that this has been the first time opec has brought down production. this is the first time in history that russia over the last weekend has come onboard to that production decline. russia is saying, opec, we ve had this glut and low prices for a really long time and we re all bleeding. right. let s stop the bleeding together. we re going to cut production, you guys cut production, let s get the oil price back up. exactly. what you have in this new trump administration, you have really the connective tissue of all of this seems to be oil. you have, for example, wilbur ross, supposedly the commerce secretary, he s a major shareholder in xco. you have harold hamm who was being named as the energy secretary before rick perry was named, he s the ceo of continental. ....

Production Lowering , A Million , 33 5 Million , Production Decline , Commerce Secretary , Oil Price , Connective Tissue , Wilbur Ross , Rick Perry , Energy Secretary , Of Continental , Harold Hamm ,