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Transcripts For BBCNEWS World 20240704

Remember thatjust like most americans who have credit records when they want to borrow money and find out how much debt they can take on, the Us Government also gets a credit rating. When it gets downgraded like this, the potential long term effect as it could push up the cost for the Us Government of borrowing money, and in turn that might long run push up taxes, it could mean less spending by the government and could mean fewer government and could mean fewer government programmes in the future. We are not there yet, but that is the underlying fear. If you look at what they are trying to address here in this downgrade, or one of the concerns they cite, it is a problem that exists both in the past but also in the future, and that is rising Us Government debt. At the moment
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Transcripts for BBCNEWS World Business Report 20240604 13:34:00

The readership of america. that is what this rating reflects, even if it doesn t necessarily translate immediately into financial reality. that is a really interesting point. thank you, good to talk to you. to the uk now, where the government is hosting industry leaders in the energy sector as it seeks to strike a balance between energy security and finding a path towards net zero. it s committed to finding 100% emissions free energy by 2050. butjust days ago, the government approved 100 new licences for oil and gas extraction in the north sea and critics question whether that move is compatible with its climate pledges. let s cross live now to samuel ciszuk, who s an energy analyst and partner at els analysis, based on stockholm. thank you for being with us. let me put that question to you, can you do both, can you invest in oil and gas extraction, and try to meet your climate targets? i ....

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Once an American Foe, Now a Friend: OPEC Turns 60

In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the… ....

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Russian gas halt could make electricity in Sweden more expensive - Radio Sweden

Russia's decision to cut gas supplies to Poland and Bulgaria from today after the countries refused Moscow's demand to pay for supplies in roubles, could . ....

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Transcripts for BBCNEWS BBC News 20240604 09:08:00

With the rest of europe. because all of the european union countries are saying, look, we want to stop buying russian energy and there s only a limited supply of gas in europe. all of these countries will now be competing to get more of that gas which is non russian and that might cause problems for both poland and russia, considering they re reliant on russian gas at the moment. in poland s case, it s more than half of polish demand. in bulgaria s case, it is 90% of its demand. joining us now is gas analyst, samuel ciszuk. a consultancy which advises on global energy markets. poland seems quite relaxed by this. the? global energy markets. poland seems quite relaxed by this. quite relaxed by this. they are sa in: quite relaxed by this. they are saying that. quite relaxed by this. they are saying that. as quite relaxed by this. they are saying that, as we quite relaxed by this. they are saying that, as we heard, - quite relaxed by this. they are saying that, as we heard, one| qui ....

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