tv Seeing Isnt Everything Al Jazeera October 1, 2017 3:00pm-3:55pm AST
3:00 pm
living in cairo i wanted to see the permits in september one thousand nine hundred five i came with my friends to egypt many started a small traders but are now successful in business when i began to do business in two thousand and three or two thousand and four at the time it was small but then it began to expand and al-jazeera well meets the growing chinese community in egypt egypt made in china at this time. good to have you with us adrian figure here in doha the top stories on al-jazeera they've been violent clashes between spanish police and voters in quetta linnaeus succession referendum paramedics of had to treat at least thirty eight people who were injured outside polling stations referendum leaders of catalan voters to use
3:01 pm
passive resistance if police tried to interfere with the photos. hold camera operator. were caught up in the clashes outside a polling station and bosler. right there on the edge of the but as you can see are now starting to move on the to the crowd. that shot in the crowd from the crucifixion photos patients down the. release from other areas of playing to catch a load of the specific crimes out on this thread. are people trying to vote in the referendum have been speaking out about the spanish police's heavy handed tactics as they see at a polling stations. i completely respect people that don't want to be abandoned for but i wanted to ban guns which is not you can be in favor you can be against but
3:02 pm
it's not i'm not the and today it's been one of the worst day in my life because i came to the fans our right to vote i was just on the on the street and the police came very aggressively and they they go in they went like these on the floor they even abroad my mobile as you can see and i had never seen these aggressivity anywhere and i can i don't have words to explain how i feel i wish people in the world can see me i'm you see i'm a mother i have three children i'm still breastfeeding my needs are and i'm asking is to vote in you can even know when we will respect you but we have the right to vote we are citizens we are not. because we are independent because we are. independent they don't have the right to treat us like animals today i have treated like any mother and i'm very affected i don't think. i don't think the way i have my my heart now will never recover from this from what happened today
3:03 pm
i'm done with spain i'm done with spain catalonia as is elected by the catalan parliament is urged spanish authorities to rein in the national police and make an appeal a strong appeal to the spanish government to the spanish authority to a stop to a stop violent actions against citizens to stop the use of proportionate means. today. and to stop their activities with almost no respect of human rights in other years the mayor of puerto rico's capital has accused the us government of killing people through inefficiency i reckon maria cost extensive damage across much of the u.s. territory two weeks ago but people say that aid delivery has been too slow. u.s.
3:04 pm
secretary of state says the trumpet ministration has no plans to force regime change in north korea rex tillerson made the comments on a visit to china where he also revealed that his country is in direct contact with pyongyang a former american football star o.j. simpson has been released from a u.s. prison he served nine years for armed robbery the seventy year old was released from the nevada jail early on sunday and will need to be supervised by parole officers five years in ninety ninety five since and was acquitted of murdering his ex-wife and her friend in a trial that gripped the u.s. pro-democracy campaigners have rallied against hong kong's chinese national day celebrations police blocked a small group of protesters who marched near to where a flag raising ceremony was taking place hong kong without the chinese rule for twenty years and the head of the world food program has visited refugee camps in bangladesh aid agencies are trying to help the more than half a million new hinges who fled the military crackdown in may and most rakhine state
3:05 pm
3:06 pm
note that. this temple is a crowded city at the best of times. with often impossible traffic busy street construction and road works. having to navigate it without being able to see is a challenge. it's one that the poor people in the story have done every day of their inspiring line. decided to this event to the residents in a subtle month. he did miss it it will usher from
3:07 pm
a study that took out the letter alluded a month will not miss a is on learning a question which will condemn the. president obama set aside even you know when it doesn't it's lushness a little a lot of the end they took. her her. this is the almost the luke feel about my is a little bit they made it all little more gentle men and they almost and there's a ton since they are. rude to me and. something the put it on the check. because. this isn't.
3:08 pm
3:09 pm
3:10 pm
thirty thousand. them. our neighbor born each or take children goes on the. bill in the city take much norma charlotte and buy clothes among how twitter she then you know my say boy you've. been inching higher pozole for i've learned the counsel of the issue miss a military question the church member your band their thermometers out until they are mr bash on the billionaire bomber bush been a kurdish kurdish mir station the opa-locka the sherman decided to your been there at the church where we all know the man in the just ultimate killed the last band
3:11 pm
3:12 pm
never. get out. your mind be the situation and actually that why shouldn't. or that you know you have to do them or they can use on them they make it for more than. just an inch. or the common to open. it in mobile or to communicate that they are both. started but yet on which is that. the modem is going to thump a cooler third on the. lot of much of. your your studio called you're. below them and beyond them going to. be a sort of been named. big to do with the one i have. only seen it. all do. you see the cauldron on the. we are
3:13 pm
going to be video. you. are. going to be short of. both you'll be good. on the sort of it was good to be. you just saw. the author. of a bomb called the much. rum why should. young or old i'm going to the my. membership comp. for one comp but. he tell you to be competent or i don't know how to do. it because it'll kick. which go to shake than the a member of our club members. if.
3:14 pm
you are new or talk with logic it'd. been the us had a could have. been although. it was a member of the field with the. beer will start to talk. and. the little girl leaves the old mr. omar honey i hate going to the terrorists little son about the. degree i get makes me when they're you know in the parliament again like stardom did with serious players the national. and international soccer ball out of along with all the additional nisha probably there's she she up some are some gold medal there they took a shower there is a bit. shady allowed in the center so the girl nearly everything. we do is
3:15 pm
shake our clear and then me oakley diptheria much the mutable it will almost give you a liminal cvo. to the bushnell's to give wasilla mission chalkboard but as such was supposed to last little louder then you should use me. the name in there. there's. isn't. the york. thing just down the me you come all the way in china. and to me are the majority you. been in your life because they say they missed it so the minute you know i didn't.
3:16 pm
interrupt the house or we'll take you live now to the dreaded course it's catalonia holding a pendants referendum today the spanish government is not happy. we're about to hear from spain's deputy prime minister this is sort of a sense the santa maria has about the word to brief the media in madrid about what's going on today in catalonia let's listen and she has to say here to discuss the current situation in catalonia as a result of the decision by the continent government to insist on holding this illegal referendum. from the outset this decision was unconstitutional until democratic and goes against the rules of court systems.
3:17 pm
and it goes against the rule of law therefore this weapon the could not be held and has not been held. the police with proportionality has been this month all the attempts from the cotton and government . the referendum did not meet any democratic requirements those that have promoted the referendum have ignored all the from them in tehran rules to give it legality. if you. countenance and the rest of the people in spain have seen how they have lost their rights in the hands of for all independent groups the catalan government are trying to live a generally thought will continue without having any support in
3:18 pm
the meantime the rule of law has been on the mind in that effort. the polling stations have not been accredited nor have been all the different. press identify supposed. international i mean there has also discredited these efforts citizens journalists and politicians have denounced this undemocratic effort. there have been no matters to the show or does in spite of them and they have decided to press ahead they have used children and elderly without any can sound today. in spite of the latest judicial orders to turn i think god has decided to change the instructions and this has been done just one other before casting
3:19 pm
any vote. with this we can see that it this is not about for end the government has been completely irresponsible. log on to us to say he no longer existing got put on the. what the. we have sure that the rule of law exists and that we have the necessary tools so that we can protect the rights of all. the generally that has been completely irresponsible and it has been the police force who has had to assume the responsibility. of the police forces have followed the instructions of the government and the law and they have acted proportionately. the aim was to seize the electoral my tilia and not to target people the aim was to
3:20 pm
protect the rights and freedoms. of would like to take this opportunity to acknowledge the efforts made by the different law enforcement agencies they have fulfilled their democratic rights. and they have. supported the government. there hasn't been any referendum not even assimilation of a referendum we never wanted to follow this path and it doesn't make any sense for it to continue our it's generated time and it's part this to stop acting so responsibly and from no one to accept that whatever was illegal should never happened it makes no sense to continue the need want take us anywhere therefore you should put an end to this immediately it is up to you to put an end to this situation which would lead to
3:21 pm
nothing good for the lands and the rest of the planet witnessed the recent weeks with a lot of concern and we have seen as some wanted to put an end to sent a list of peaceful going sixth sense and stability. even those who should be the first ones to follow the law were boasting about not helping it. in spain we have a strong democracy where the white and freedoms of citizens are above the individual pretensions of politicians. today citizens have seen how the whites have been restored. and this is what we're aiming for is to restore dignity and respect democracy.
3:22 pm
the government and the defendant and to do shouldn't is working to was protecting the freedoms of our citizens and to restore the peaceful coexistence thank you. spain's deputy prime minister speaking in madrid meanwhile. rather the foreign affairs council of the catalonian government foreign affairs minister in fact speaking in barcelona let's have a quick listen any before we get some analysis penal point of view in a context in which the action taken is clearly criminal and this is an element that we want to. take to the european institutions from that point of view i think it's very important first and above all very very important to acknowledge and appreciate and value the enormous demonstrations of support and solidarity that we
3:23 pm
are receiving from all over the world in different formats given this disproportionate unjustified and obviously completely unbelievable. response from the state. shows of support that we are receiving both publicly and privately which moreover make it clear that. beyond the debate the background debate whether or not. it's a question of independence or not catalonia there is clear evidence of a constant breach of fundamental rights in european states and state of the european union against citizens of the european union of people who hold european citizenship so this is not something that could be related to a political option with regard to independence but it is something which is directly related to breach of standards principles and treaties.
3:24 pm
from the spanish state against european citizens given that i think it is important to state clearly that what we have so many times reminded you of of the feet last few days and that is that article two of the european you. treaty establishes in a very clear way everything related to. the requirement of respect for human dignity and freedom and democracy as a rule of law and human rights and this includes national minorities and obviously what we need to do is to guarantee that all the players including the european union states have to enforce these values in that respect i must tell you that we are going to be taking the necessary action to trigger the mechanisms that are provided for in article seven of the european union treating to denounce the action of the spanish state we believe that the action of the spanish state that the whole
3:25 pm
world is observing is placing at risk the image of the european union as a guarantor of democracy and the respect of human rights today we are starting contacts with european institutions that is to say the european parliament and european commission and with the other member states to call on them to adopt the controller and sanctioning actions that they deem to be necessary let me remind you again that the response of our citizens has been exemplary from all points of view it has been a pacific democratic and completely coherent response after years of pacifically calling for the right to vote of fundamental rights and thus we are seeing an enormous and an acceptable this proportionate
3:26 pm
response as minister to row says which could have easily been avoided simply understanding that this was a political question and not as is being looked at as a question of repression so these the measures that we are looking at and which obviously we understand with follow the course. as deemed necessary ok no. questions we will field some questions about a role remember the foreign affairs minister in effect in the catalonia region. before we get some of us is a moment we had the spanish deputy prime minister saying a few minutes before let's bring in our designers call penholder who's in barcelona voting center there what do you make of what we just heard col from the foreign affairs minister. well i think there are two key words there from raul rome may have a disproportionate and unexceptable those are the two words that he used to
3:27 pm
describe the way that spanish national riot police and spanish civil guard have been acting this morning we saw the spanish riot police in action they were sent under orders by the spanish government to try and close down the referendum try and stop people voting one of the problems occurred however is that the riot police did not get there before the voting started but had been planned earlier on they were due to be there three hours or four hours before the ballots opened because there arrived at the time when a lot of people were massing on lining up already to vote and that is why the scuffles broke out we also saw of course it has to be said that a lot of catalan process session supporters had organized into what they call defense committees to try and safeguard their right to vote and so they were throwing up themselves effectively as human cordons as human blockades to try and
3:28 pm
stop the riot police coming in so when those scuffles did break out that was even contest the spanish riot police with their helmets with their back tongs some with tear gas and others with rubber bullets waded into crowds and started to drag crowds away at one location we saw an elderly lady perhaps in a sixty's or seventy's profusely bleeding down her face we saw another man who was stretchered away after suffering apparently what seemed to be a seizure and we've also seen video from other locations around the catalonia region don't forget we're in barcelona but catalonia is a region the size of belgium more or less and so in other areas around this region we have also seen video where the situation six go live to be. drib now tony berkeley is there so tony we saw spades deputy prime minister speaking to the media a few minutes ago she said that the catalonia referendum is illegal
3:29 pm
unconstitutional undemocratic and irresponsible. yes indeed you would expect i think from the deputy prime minister he also said that the police and authorities are dismantled all operators for the referendum and therefore did not meet the democratic requirements he was very critical of the catalan government he said they behaved in an undemocratic way as you said and he was also saying quite quick sent congratulations to the police he said they acted proportionately and followed the instructions of the courts and law he called on much much more importantly he said that even though the catalan government response when he called on them to stop this action because it could lead to no good he didn't elaborate any further. tony we heard. and sorry tony we heard role remember the foreign affairs minister in the catalonia region saying that the police action was disproportionate and unacceptable and yet
3:30 pm
the deputy prime minister was saying that those spanish police were acting proportionately. indeed what he said to me is difficult from here to get a handle on that car was much better placed to see what happened but he is quite happy i mean a lot of people have been asking questions about why this action was actually taken but if you look at the position of the spanish government it was very difficult for them if they didn't take any action they'd be accused of allowing this reference to go on and challenge and therefore giving the castle owns a platform using the action they've done they've gone and being criticized now because of the authoritarian way they've behaved allegedly so it's a no win situation but all sides now have to come together and see what happens ok meanwhile there's been a protest there in madrid tony people who are opposed to catalonia is referendum coming out in quite large numbers. well there's not they're not
3:31 pm
coming in large numbers there are people roaming the streets now with spanish flags there may be a gathering later on but i think the main gathering was on saturday when over five thousand people turned out to show that they wanted catalonia to remain part of spain we've had a an official by the people in madrid where they voted overwhelmingly for catalonia to say part of spain they say there's no historical or geographical reason for them to be separate so the people here are very much are in favor and support of what the police have done they very much in support of catalonia staying with spain they don't want to see a break up of this country ok i mean how would you describe the mood in the country in general how much press how much coverage is this getting this referendum issue there in there in the capital. well you know every radio station every newspaper every t.v. station has been going on about this it was very difficult to get a sense of the seriousness of the situation and i think it been very muted up until
3:32 pm
saturday but then the demonstration showed that people were very concerned they realize how serious the situation was and this wasn't a joke we've had in the past by the catalans the last one was two thousand and fourteen that was known binding eighty percent of the people that voted for independence but only two million out of five million people actually voted so nobody thought is going to happen they realize now this is serious and i think they're a little bit in shock by turning many thanks indeed to anybody there live in madrid let's just remind you again the main news this hour they've been violent scenes between spanish police and voters in catalonia session referendum which is underway right now paramedics had to treat at least thirty eight people we heard in the last few minutes spain's deputy prime minister talking about the police response in. which she said was highly proportional i will have more news for you here on
3:33 pm
al-jazeera right after counting the cost which is next. hello i'm has a seeker this is counting the cost on al-jazeera your weekly look at the world of business and economics this week a red light as legal challenges grow we'll look at whether its business model can survive in its present form also this week oil rebalancing as prices enter a bull market we'll look at the factors at play. plus how your guys' legal marijuana industry is facing a threat no one predicted. a lot of technology has changed how people all over the world hail a taxi just like google it's got its own verb. that means to change the market for a service by introducing a different way of using it you might say air b.n. b.
3:34 pm
arise the property rental market for example popularity has made it indispensable car ride service in cities all over the world the sixty a billion dollar company is planning an i.p.o. next year and now the challenge will be to disrupt its own business model to adapt for survival but in twenty seventeen a series of scandals over its business practices and its treatment of workers has kept her in the headlines for all the wrong reasons and it's being stripped of its license to operate in london now one of the biggest markets for cabs in the world barbara looks at how that decision is going down. for the last year he's been driving for he works six days a week and says he makes enough money to support his family he enjoys being able to choose when he works he's one of forty thousand duba drivers in the british capital but now the regulators transport for london who run the city's buses and underground trains so they won't extend dupers license beyond the end of the month
3:35 pm
for many people who've got used to the service it's a shock so you can cross to go from one place to another say quickly so now it's like when i came out as i are ok this is obviously not she was going to train but i still feel like i'm i don't feel like i'm paying ridiculous amounts. to a lack of corporate responsibility in areas such as the reporting of serious criminal offenses it follows allegations that drivers suspected of sexual assaults were allowed to keep driving spent some time going through the regulations that parliament's given them in relation to decide in a private vehicle approaches for some proper. evidence and have concluded today that on a proper vehicle operator the real concerns around safety and security has come out fighting suggesting t.f. else decision is motivated not by safety concerns but by politics and promising to fight the move in the courts by trying to ban in london they are caving into the
3:36 pm
pressure exerted by a small minority that want to restrict consumer choice and competition this decision if it helps true will mean over forty thousand licensed drivers will be out of work traditionally after in london's west end. restaurant people with a hail a black taxi five years ago arrived and caused a sensation with just a few clicks on your mobile phone you can get to where you're going to at a cheaper price but of course it's caused controversy as well. last year dr james fire or took the firm to court arguing drivers should be treated as employees with rights to the minimum wage and sick pay what to have on the mayor a nuber should do is they should evolve regulations for attorney central twenty first century they should enforce and develop regulations effectively and they should protect worker rights of drivers who can carry on operating in london at
3:37 pm
least until appeals have been exhausted but this is one more setback for a firm that's been hit by legal challenges and protests around the world and also made life easier for millions of people well joining me now from london is called benedict frey karl is the co-director of the oxford martin program on technology and employment thanks very much for being with us now we're talking about a huge market in london are we how damaging is this for globally. well london constitute roughly five percent of you bus driver space and the u.k. is its second largest market in europe so indeed this would be quite a significant blow to uber and while what has been great for consumers it's often seen as being bad for the lame of market in form of less job security lower pay and all the rest of it but you did a study on the impact of sharing economy platforms like uber on jobs and what were
3:38 pm
some of the findings well what you're finding is that actually after the introduction of uber employment in texas services expands quiet significantly so overall that you create jobs rather than destroy a step to expand the labor market for texas services but what happens then obviously as the labor supply expands is that there is more competition and that tends to drive down wages for incumbent drivers which is a side effect of that success if you like but in addition to that there's also evidence to suggest that it would drive a section very happy with their lives stay value the flexible ability that the platform office then they're quite content with their financial compensation so on balance i think that most of the evidence actually suggest that you have a driver's fear reasonable well now a lot of people are saying that this could be a game changer for the gig economy that other governments may feel
3:39 pm
emboldened now to more heavily regulate companies like google you think that could happen. well it's possible i mean we will see what kind of a deal that is made if a deal is made i think this is quite actually a high risk game because the consequences of uber actually being bad would be very bad for london consumers a lot of people have actually structured their lives surrounding the every lability of uber quite of few people actually you can use it to commute to work it might constitute a risk to real estate prices in some. areas of london that doesn't have good access to public services so i think that the fellas actually playing a high risk game in this regard and this may really constitute a blow to the city of london as it does to you bet so we will see what happens i think what the outcome of this process. the outcome of this process will very much
3:40 pm
determine. the country's cities and regions proceed with this the c.e.o. has said. obviously they're going to fight this decision and they say that it's based largely on what they say is a bad reputation. preceding it you think that's fair criticism i think what the sharing economy does is that it constitutes a trade off between flexibility and security and the labor market functions best when you have both so what legislators should do is to make sure that this gig economy this sharing economy can exist side by side with normal we the traditional labor market and that requires legislations to make sure that both function well in parallel car benefit for a thanks very much for being with us europe why is the first country in the world to make it legal to grow and sell marijuana but now the new industry is facing
3:41 pm
a threat no one predicted daniel schorr and the reports from the capital montevideo . this is nothing new it's just that mary won there is now after a long campaign totally legal in europe why the business has been booming we think that the risk is worth. the risk as the final result of that will be. respect their right to love. to have a plan. of their houses and. if they want each registered user can buy up to forty grams a month from their local pharmacy. banks are now threatening to close the accounts of those pharmacies selling the drug stopping they use of plastic cards they say they're under pressure from u.s. banks which by u.s. law cannot trade with any company linked to the illegal drug industry. we see
3:42 pm
an absurd situation the financial situation is being penalized with strong legislation which is not in place in canada or the u.s. but this has nothing to do with drug trafficking it's totally legal. europe weiss's the u.s. has got it wrong there marijuana industry is now legal a delegation has been to the u.s. to put their case where the industry is looking at selling outside the bank system . system is now strongly regulated very controlled the state is heavily involved so that's why we feel it will be easy to show that we have nothing to do with drug trafficking or money laundering business is being done illegal enterprises controlled by the state. he says pharmacies a queuing up to sell marijuana but the financial obstacles have been removed this is normal and this legal as growing tomatoes a backroom backstreet industry is emerging from the shadows and taking its place in mainstream europe one society those involved say there's no going back to. europe
3:43 pm
one uses say legalization has seen the illegal drug trade reduced or the stigma attached to marijuana is receding. now you show you going into a business premises which is open to the public so now you're not in danger. the mood still has opponents both here and abroad but europe wise growers and smokers say merry want to use is now so normal many a wondering what all the fuss was about. still to come on counting the cost the tiny bolt of country of stone you're already has one of the internet's most recognizable brands but how do you replicate success. keep watching to find out how this country is putting tech innovation first. the first some other stories we're watching this week saudi arabia ended the
3:44 pm
kingdom's reign as the only country in the world of bans women from driving movies less about addressing gender inequality than an effort to modernize its economy women still only make up twenty percent of the workforce according to the world bank women face gender based job restrictions in hundred economies around the world are the world's largest mining company b.h.p. billiton said twenty seventeen will be a revolutionary year for electric cars it is predicting electric vehicles will make up around eight percent of the global car fleet by twenty thirty five and that electric future will be felt in the metals market especially copper that's because fully electric vehicles require four times as much copper wiring as a petrol or diesel car. james dyson the inventor of the bag less vacuum cleaner is turning his attention now to the electric car market he is designing what he says is a radically different car from current models that will go on sale in twenty twenty
3:45 pm
budget airline easyjet also announced this week it wants to fly electric planes within the decade it's teaming up with the u.s. start up right electric to build an all electric airliner. now a trade dispute between the u.s. and canada is threatening the jobs of thousands of workers beyond north america it involves u.s. aviation giant boeing and canada's bond body the u.s. has slapped tariffs on the new bond body a c. series plane boeing claims the new aircraft are being unfairly subsidized northern ireland is caught up in this route to as daniel lack reports now from toronto several years behind schedule and more than a billion dollars over budget bombard the series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of
3:46 pm
a complaint by rival boeing could trouble the price of the bombard planes and this government is holding crisis meetings obviously were disappointed by the decision and i will continue to play hard for the committee and jobs canada is not standing alone in the u.k. bombarded is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose weight and i need to speak that's what the politicians we do realize that. we sell for. one of our cars commercials a suite. and they need to. for c. to believe that they need to sell less with those jewels or us canada too is said it will take a serious look at future business dealings with boeing a five billion dollars deal to buy fighter jets from the us company could be
3:47 pm
scrapped according to the prime minister justin trudeau but the country also says it has legal means to challenge the ruling at the world trade organization and under the terms of the north american free trade agreement nafta with president trump threatening to scrap that agreement the current talks to renegotiate nafta haven't been going well canada says it invests in not subsidizes bombard and as it points out the u.s. has bailed out general motors in the past and gives boeing preferential treatment by some measures canada and the u.s. have the world's largest trading relationship but it's growing more hostile by the day now the oil market has been in a slum for the past three years but could it be turning a corner crude prices are now up twenty percent from june lows so that means we are officially back in a bull market for the first time this year so what's going on well for starters worldwide demand for cost of strengthening according to the latest quarterly report from the international energy agency oil demand is up two point four percent year
3:48 pm
on year on the supply side production cuts by opec russia and other producers of also help tackle the oil glantz geo political issues are also a factor in independence votes in the oil rich iraqi region of kurdistan has inflame tensions turkey has threatened crippling sanctions on oil trading with iraqi kurds. so joining me now from strasburg is professor jacomo yani jacomo is the co-director of executive master in international oil and gas leadership at the graduate institute in geneva thanks for being with us so what do you put this rise in oil prices down to is it all about what's happening in the kurdish region or is there more to it than that though i think what the what's happening in the kurdish region is certainly sparking. speculative tended to the worries higher prices but what's what there is behind it is especially demand demanding
3:49 pm
creases higher than we expected which is not surprising because prices have been low and saw consumers are keen to to use more oil and oil products. all opec made that decision at the beginning of the year to bring down supplies so past that that they would like to think that they they had a hand in this rise in prices but is that wishful thinking on their part no of course it's always a matter of demand that supply the supply has decreased somewhat and we have had some withdrawal from the stocks there is heated debate how much withdrawal from stocks really has been as there have been just a shift in stocks from one country to another country. this is difficult to say
3:50 pm
stocks continue to be large so there is no immediate reason for an increase sharp increase in prices at this stage process may. be strong but then we'll have to see what the response of supply will be especially supply in the united states from shale oil which at this prices is likely to start increasing quite rapidly let's talk more about that and what what is your outlook then for the next few months with oil prices do you see these prices continuing to rise and if so about up to what level i think prices now are heading towards a level of sixty dollars per barrel if. this had to come by sooner or later by that sixty dollars per barrel there are plenty of places specially in the united states but also in canada that become quite interesting quite profitable so supply will increase also the discipline among those in countries me start to erode people
3:51 pm
may start saying that after all there is no need to maintain. production at the lower levels and so the tendency the temptation to in. the supply will also be there so i don't expect the prices may rise much above sixty dollars a barrel at any point in time in in the next year so how would you assess the overall health of the oil industry right now when the oil industry is. i believe doing fundamentally well there is an equilibrium of demand and supply stocks are being slowly reduced. i do not expect any dramatic changes in prices i think prices are careful within a fairly narrow range which we may define fifty to sixty may be.
3:52 pm
as we reach two thousand and twenty they may get to sixty five but i am skeptical about any sudden change in prices. except if that is a some kind of security or military threat which then would start a speculative flare up but it would be a fear of you know if prices increase very high for a short period of time this doesn't have much importance in fact but looking at this long term when you look at things like develop further development towards electric cars united kingdom recently said that they were going to phase phase all fossil fuel cars by by twenty forty you look at china they're heading in that direction as well and china is of course a huge buyer of all right now what sort of an effect is that going to have on the
3:53 pm
industry as a whole long term it will have an effect but it should not be exaggerated the word this not. order or france or china. even you know china is a very important country but there are other important countries and. i think the two thousand and fourteen is not exactly around the corner. more than twenty years to get their perception from a change the future of electric cars has to be proven it will be proven i believe. this is a tendency that will play out but progressively so. when when people speak of. demand this should not be viewed as. a dramatic peak after which there is a collapse in the now and i think there will be
3:54 pm
a longer period in which. we remain in demand but perhaps it is the man will not grow as much as it has grown in the past good to speak with you professor. thanks very much for being with us thank you and finally if you're going to have a digital discussion where better than the birthplace of skype or a challenge reports from tallinn in estonia. coding kids these are stony and children haven't started high school yet but already they're programming robots you can really like. teach people. it's really cool love to learn. but. the aim is to create a generation with a smarter relationship with technology digital skills for everyone and if all goes
3:55 pm
well someday one of those kids might be able to build another skype this is easily estonia's biggest tech success story the company to make video and voice calls over the internet and was bought by microsoft in two thousand and eleven for eight point five billion dollars startup entrepreneurship is a natural fit for a country that spent the past two decades turning itself into one of the most advanced digital societies in the world we're going to say that that's like a really big influence there because like when they start their function for the boot camp then it just great that a bunch of wealthy people could invest finally i think it's because it's the newest ball and people know each other so people went.
108 Views
Uploaded by TV Archive on
