this is our just in time for you headlines now in syria. the headquarters of a pro-government news channel killing at least three employees this comes after the country's president called on his newly sworn in ministers to do everything in their power to win what he calls. a u.s. senate panel approves a new bill on visa. to russian officials. human rights abuses. in the latest diplomatic spat. between moscow and washington.

by restricting. the green light. to protect the streets. more like a security. spectacle. for right. now a business present. pulitzer prize winning author of economic research on iran's ability to export oil and how it will be affected by impending sanctions are due to come into effect on july the. on the first of july europe will seize importing oil from iran and new u.s. sanctions will also come into place now to talk about how this will affect the energy market i'm now joined by daniel yergin he is the chairman of my h.s.

there and also author of the quest and pulitzer prize winner daniel it's a big pleasure to have you on the thank you so right now what we're seeing on the energy market is a downward trend although over the years of the economic turmoil two thousand and eight two thousand and nine and the following years we have seen oil prices pretty high what do you make of the downward trend today it's quite remarkable because just three months ago or oil was almost one hundred thirty dollars a barrel and people said it was going to go to one hundred fifty and now it's been on this downward trend that has in a sense taken people by surprise and i think what it reflects is the reality of supply and demand in the market how it's changed and also what is really quite remarkable a trying to relaxation almost or a calm about these very powerful sanctions that go into place on a rainy and oil because i think right now the kind of sense in the market is that there is alternative supply that will replace the iranian oil this embargo on

imports of from iran is coming in at a very difficult time for europe because the european debt crisis which is looming and there's basically no light at the end of the tunnel so far. do you think europe is doing this at a very bad time is it shooting itself highlights i would say there was much more worry about exactly that question going to treat three months ago when it was thought that the result of this could be to send prices up rather than down and i think they are frankly i think the iranians thought that that was going to happen but there seems to be such a supply i question that unless some other surprising things happen there's enough oil out there in the market. that's going to replace it so that this won't necessarily be a penalty on europe and in fact what lower oil prices mean both for europe and the united states is like a big tax cut it actually puts money into the pockets of consumers and if anything it's it's a new it's a stimulus to recovery now the fact that europe is stopping buying oil from iran

and china is becoming a a huge has become a huge player on the energy market biggest consumers of energy. a kind of it's kind of bringing iran and china together do you think europe might lose around to china i think one of the major themes in the quest is about how china has gone from being an oil export or not so many years ago to being the world's second largest oil importer and not of the economic consequences of that but the geopolitical consequences which you're talking about and i think in general what we're seeing is a situation where more and more of the oil for the middle east is going to flow east rather west because that's where the growth market is and something else that's very striking that's happened it just did not seem conceivable four years ago is the growth of production in the western hemisphere and that is a theme that is one of the dominant themes in the quest because it's this thing about unconventional oil u.s.

oil production is up twenty five percent canadian oil production is increasing brazil's increasing and you start to see a world in which the western hemisphere in five or ten years will be more trading among itself and again what you're describing more of a shift towards the east for the middle east let's talk about these unconventional oil and gas and technologies right now shale gas has also become one of these shifting basically the shape. of the energy market but russia is not on the right i mean it were obviously the birth of shale gas it took a couple decades to actually have it happen but it probably is the biggest energy. innovation since we give this century it's transform the energy market the united states the u.s. was going to be a big importer of l.n.g. in fact it was going to be importing l.n.g. from not only from the middle east not only from australia but from russia and now it's self-sufficient and now the debate in the united states is about alan g.

exporter so big impact there. but i think russia as you know is often said to be the saudi arabia of natural gas and has so much conventional gas that shale gas is not relevant to it in the same way that it is and there are different you know different political authorities different have different attitudes towards shale gas but the other unconventional that is really having a big impact is what's called title oil and that uses similar technologies and you know the u.s. everybody always saw the u.s. production continue to go down imports go up the u.s. now is increased its oil production by twenty five percent and i noticed in russia now there's a lot of discussion about particularly going back to places like west side stablished oil fields and using these technologies because for russia maintaining an increase seems its oil production is also a national objective. resources and for many years many instances of the

twentieth century twenty first century people have been saying that one day there will be a crisis of production that the world will run out of resources when do you think this is been a very familiar question in fact in the eight hundred eighty s. both in the united states and in the russian empire people said in the eighty's that the era of oil is just about to come to an end and of course we're still here and technology keeps opening doors and now natural gas resources are so much larger than they looked to be five or seven years ago and they're been mazie new natural gas discoveries off of east africa. so for all the oil the questions are not only the resource center ground but what happens above ground what kind of decisions that governments make and obviously the big challenge is the emerging markets what you spoke about before is trying and meeting their demands so it's a challenge but it seems that the resources physical resources are there but at the

same time we have to become more much more efficient in how we use our energy a much more efficient on the energy market let's talk about. other aspects that we have renewable energy we have nuclear energy which has also been changing especially to fukushima several countries have been saying they want to go away from nuclear energy what is the future from nuclear and well i think that a nuclear we should talk about nuclear and renewables i think nuclear the fukushima accident tremendous tragedy it's obviously japan was headed towards being fifty percent nuclear and now the question is going to be ten percent nuclear fifteen percent nuclear so if your plan is a real struggle about what it's going to do and the reason it went nuclear is it doesn't have very many resources of its own so now i think there's a big debate and really kind of a crisis of confidence about the energy future about the whole system of governance we've seen different changes different world germany after fukushima changed its

mind said we're going to shut down our nuclear. russia continues to go ahead nuclear continues to go ahead in the united states and continue to go ahead in finland france is seventy percent seventy five percent nuclear so i think it depends country to country you have south korea building new nuclear power plants and so it's a very mixed picture and not what people talked about two years ago we talk about a nuclear renaissance it's a mixed picture renewables is very interesting and i had a lot of fun in in the quest really trying to understand the rise and fall and rebirth of renewables and i talk about the rebirth of renewables because this was an industry. with great enthusiasm in the one nine hundred seventy s. and one nine hundred eighty s. but it was a very very small and technically mature renewable industry today it's much more mature industry wind machines are much bigger solar costs are coming down but they're still more expensive and they still haven't got to scale so it's going to

be a further revolution before i think that they really gain more market share unless you're a country like germany which says we're rich country we're willing to really subsidize these resources but i think they'll continue to grow and become part of the mix and i think that the changes in the energy mix probably won't come until after twenty thirty because of the scale of conventional energy growth in the needs of countries like china and india let's talk more about that let's just go hypothetical twenty first see what is the world going to look like where is it going to take i think. first of all though we know they'll be a lot of surprises and things that people didn't seek out mean that of course. that's that's a given but on basic numbers it looks like the world energy demand will be about thirty five percent more than it is today thirty five percent renewables will grow a lot but so well natural gas and coal i think one big difference is that we're going to see natural gas market share because there is so much gas and we'll see it

use more widely electric generation and even to some degree in transportation how will that be also affecting the change in pillars of power you know the middle east will still loom large as because of the tremendous amount of resources that we will see resources developed elsewhere china for instance right now is putting a lot of effort into unconventional gas into shale gas so i think that will kind of development will continue even saudi arabia is looking for shale gas now in order to have use it in electric generation so they can free up more oil for export right daniel thank you very much thank you enjoyed it thank you. culture is that so much different and there's a huge percentage of the current financial market the downing of

a turkish military jet by syria may prove to be the tipping point allowing nato to force regime change in damascus locals. me leave. immediately. since. there hasn't been anything good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism on a real problem. we

want to present. something else. to. the mission of free accreditation free in-store charge of free. range month free. free studio tied free. download free blogs just plug in video for your media projects and free media oh god r.t. dog. thank you.

the headlines on r.t. in syria gunmen have reportedly stormed the headquarters of a pro-government news channel killing at least three employees this comes after the country's president called on his newly sworn in ministers to do everything in their power to win what he's calling an on going war. a u.s. senate panel approves a new bill on visa bans and sanctions against russian officials implicated in alleged human rights abuses all of this in the latest diplomatic route to hit ties between moscow and washington and moscow says it will retaliate by restricting entry for some americans if indeed the bill gets the green light. now just one month to go before london's twenty twelve olympics but as the city prepares to

protect the streets critics say the games will look more like your security drill rather than that of a sporting spectacle. straight into unions well the sport good to see you today made they won't be too much love on the iberian peninsula i'm going to wager on that tonight yeah i think you're right into the euro twenty twelve european football championship spain versus portugal what we look forward to it right. thanks for joining us this is indeed sport today plenty having clearing ves story. iberian pride the first european football semifinal takes place later on wednesday with holder spain going up against neighbors portugal. talk after getting old for

euro two thousand and twelve quarterfinal predictions correct the psychic elephant offers her thoughts on tonight. net loss. his wimbledon quest halted out the opening staged by scotland. football first for euro two thousand and twelve resumes this evening in ukraine world on the fending european champions spain putting their title on the line against christianity in all those portugal in donetsk cape charles moore. the last meeting between spain and portugal was a friendly in lisbon where the home side triumphed four nil worst defeat for forty seven years elder frosty get back to brace though mrs wednesday's match with a fine jury but should be replaced by well made a netted goal number four this summer portugal finished second to germany in group b. and beat the czechs in the last eight each game getting better along with christiane a rinaldo the infuriated skipper was denied

a super goal in that spain victory as an offside nani headed in on the line and rinaldo remains focused on reproducing his stellar club form at international level . playing with christiane ira now there is always a great source of satisfaction and pride he's among the world's best players a great professional he's doing everything he can and the rest of the team is following suit in order to try and make it to the finals. portugal are seeking their first major title after being stunned by greece in two thousand and four to leave rinaldo tearful however they fully fit spain should field for rail madrid colleagues. say he go around most xabi alonso and alvira all the lower as well as a large barcelona contingent will attempt to support the winner while maybe giving fernando torres and the chance to shine. it's not easy to stop everyone knows this because he has scored three goals in the tournament thus far but we also know

that portugal has other stars like nani who is doing really well at this tournament and other quality players so we have to stop hearing of them and not just christianity. as well however despite easing three groups see spain have been criticised for dominating plate but not sparkling especially in the last two no win over france yet simply victory on wednesday would keep spain on track to clinching a unique treble defending their european title while still current well china. you know police we hope that spain will keep making progress and that our country will keep playing an important role in the world of football we're going through a good phase right now you spent a lot of time looking for a style and now that we have found it some people do not like it but this style has allowed us to win games regardless some people will continue complaining about it yes yes i mean and so what's at stake for the winners of this much anticipated or liberian clash it's this

a place the final of euro two thousand and twelve here at the olympic stadium in kiev against either three time champions germany or nine hundred sixty eight winners easily on july the first kate partridge r.t. kiev ukraine italy and germany will be very interested spectators tonight the sides meet in the second semifinal on thursday italy getting there after a penalty shootout win of ring them thanks in part to storm on andrea pirlo superbly chipped spot kick. i didn't use a month or so coach on that one i just decided just before the penalty i think england played in a very careful way they were sitting back for the entire match like chelsea did in the champions league and i think there for them going to penalties was a good result so on to the physical model germany will try to end their winless run against the major tournaments midfielder bustin schweinsteiger has been deemed good to go as he deals with a recurring ankle injury the rest of the lineup not clear cut especially up front

with mario gomez miroslav klose said thomas mueller podolski all in the hunt for a starting place germany are seeking a record fourth european title and mr eleven finals appearance. cannot stay with football where english premier league side arsenal have got their man standing all over europe from the gunners reportedly paying around twenty million dollars for the twenty five year old striker may just three brief substitute if you insist you are twenty twelve for france was my top scorer with twenty one goals in thirty six games last season they won the. title boss arsene venner will have high hopes for his latest acquisition the longer seek to win their first trophy since two thousand and five tennis into the grass courts of wimbledon where petrik defeat of us hopes of a second straight crown at the all england club remained intact on tuesday the czech though having it far from easy against. pakistan for one down in the first give you to finally find

a rhythm to win out sixty six for the twenty two year old saying afterwards she felt nervous on center court. another player appearing jittery on the day with serino williams the american who saw her sister venus crush on the first monday forced to hunt down every ball in a six two six four win over barbara strike. i don't think it was a counterpoint or by no means but she was definitely being really aggressive in hitting drop shots and coming to the. he was good i mean if ever anyone throw the term it was a great opportunity for me to play really. over in the men's side of action another russian has the part of the third grand slam of the season. never really getting going at all against andy murray scott murray winning his first match on grass this season with a no nonsense this play six one six one six for the final score you know it's the winner of the t.v. sell it you will call a bitch. we're number two rafael nadal needed

a few more games to adjust to the surface going down for love in the first against thomas baluchi before eventually winning out seven six six two six games. with just one month to go until the start of the london olympics russian sports minister vitaly mood co has stated third place in the medals table is a good enough move go claiming it would be very difficult to finish ahead of the u.s. and china who dominated the previous games in beijing winning almost a third of the gold medals on offer according to the minister russia's main rivals in the battle for the last podium place will be the hosts which is of course team g.b. . putin come the most likely the british team will be a major opponents in achieving our goals in recent years we've been within the same range of gold medals in the summer olympic sports and at the last games in china we were only full goal to head this time great britain will be hosting the competition and obviously that should be a great boost for the. few athletes can boast

a long jetty of. the georgian pistol shooter preparing for her seventh olympic games and will carry her country's flag at the tender age of forty three many over upcoming opponents weren't even born when they burst onto the olympic scene in one thousand nine hundred eight that's when she won gold and silver for the soviet union in seoul before a two decade long limpid podium droit. then secure a bronze in beijing in two thousand and eight while something never change she is still coached by her father. paralympic isn't the longest such trick though sailor hubert road jumper in miller have appeared in a whopping nine games apiece. for research and tiger woods is gearing up for the eight hundred national on thursday at tournaments which he find it on later one in two thousand and nine the world number four also with more than an eye on next month's british open as he seeks to make inroads on jack nicklaus's legendary mark

of eighteen major tiger's got fourteen. but i understand how to do when major championships and the key is just give yourself chances that's the key is to myself opportunities on the back on sunday each and every time and us want to respond jack was so good at it i mean you want to eighteen but you think about who finished second one thousand times so he was there and are you going to knock a little more but if you're there a lot chances are going to want to share i finally bought to some euro twenty twelve auction it said an elephant never forgets and now it seems they're rarely wrong as well crock of sue's most famous inhabitant sitter has been predicting the icons of games throughout the poland and ukraine tournament the thirty three year old got the results of all four quarterfinals correct using her method of choosing one of two melons with teen name shown below them sits a going against the bookies for tonight's slash picking portugal to get warm over

spain despite having spent some time in the water try. to spend a couple of for years seen up out of can spain so everybody expected that she's going to take to spain but probably. didn't want to be a cure so for some kind of. sympathy and she decided they're wise will she be rights will not long to go now to see if she will be or not i'm not as all your support or whether it's next year or twenty four hour. wealthy british style holds. the title of. markets why not. find out what's really happening to the global economy in these kinds of reports. sometimes you see a story and it seems so you think you understand it and then you glimpse something

else you hear or see some other part of it and realize everything you thought you knew. i'm tom harpur welcome to the big picture.

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