market downing of a turkish military jet by syria may prove to be the tipping point allowing nato to force regime change in damascus. exactly help here in the russian capital good to have you with us top stories now an attack on a pro regime news channel in syria kill seven after president assad declares on national t.v. the country is in a state of war the government raided the headquarters of the privately owned. t.v. channel twenty kilometers outside damascus early on wednesday. the security operation for the london olympics is under fire for overshadowing the sport the games organizers are also criticized for flaunting battleships and rockets while it seems the olympic park is still easily open to attack. and a u.s. senate committee passes a bill which imposes travel and economic sanctions on russian officials it believes

to be implicated in human rights violations around the spot by the death of lloyd set of magnitsky while in russian custody in two thousand and nine i'll be back with another summary in fifteen minutes from now in the meantime as promised business presented the meat from evidence interviews daniel yergin he's a pulitzer prize winning author and economic research on iran's ability to export oil and how it will be affected by impending sanctions that's next on our city. 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 i.h.s. cera also author of the quest and pulitzer prize going to 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 all 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 there's a reality of supply and demand in the market how it's changed and also what is really quite remarkable a kind of relaxation almost or a calm about these very powerful sanctions that go into place on a rainy an oil because i think right now the kind of sense in the market is that there's alternative supply that will replace the iranian oil this embargo on impulsive from iran is coming in at a very difficult time for europe we've got 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 in the 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 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 of 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 being 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 notice in the russian now there's a lot of discussion about tight oriel particularly going back to places like west side stablished oil fields and using these technologies because for russia maintaining an increase seen 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 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 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. several countries have been saying they want to go away from nuclear energy what is the future for 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 of 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. it with great enthusiasm in the one nine hundred seventy s. and one hundred eighty s. but it was 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 evolution 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's 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 will all natural gas and coal i think one big difference is that we're going to see natural gas gaining 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 but good.

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an attack on a pro regime used channel in syria kills them up to president assad declares on national t.v. the country is in a state of war the government rate the headquarters of the probably owned. t.v. channel twenty kilometers outside damascus early on wednesday. these security operation for the london olympics is under fire for overshadowing the sport the games womanizers also criticized for fourteen battleships and rockets and it seems the olympic park is still easily open to attack. the us senate committee passes a bill which imposes travel and economic sanctions on russian officials used to be implicated in human rights violations aroused by the death of lloyd said while in

custody in two thousand and. eight with a news team with more news stories for in fifteen minutes from now in the meantime paul is next with the sports news. thank you very much but welcome you to the sports headlines here is what we've got coming up. aiming high spain and portugal touched down in donetsk the head of the first euro two thousand and twelve semifinal later on wednesday. rain delay roger federer progress is to round three of wimbledon in a rain affected third day at the all england club. and a steady hand with the georgian pistol shooter preparing for an amazing seven limpet games appearance. before us to football where the first euro two thousand and twelve finalist will be decided later on wednesday well done defending european champions spain putting their title on the line against neighbors portugal in don't yet cape partridge previews the action. the last meeting between spain and portugal

was a friendly in lisbon where the home side triumphed four nil now has worst defeat for forty seven years elder frosty get back to brace though mrs wednesday's match with a thought i injury but should be replaced by well made a netted goal number for 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 right now though 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 for at international level . playing with cristiano ronaldo 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 final. 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. said xabi alonso and alvira are the lower as well as a large barcelona contingent who'll attempt to support the winger while maybe giving fernando torres and pay the chance to shine you know. it's not easy to stop and although 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 all of them not just christianity as well however despite easing three groups a spate have been criticised for dominating play 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. 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 spend a lot of time looking for a style now that we have found some people do not like you but this style has allowed us to win games regardless some people will continue complaining about it yes. and so what's at stake for the winners of this much anticipated all iberian 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 well italy and germany have a vested interest in progress is the saving of the sides meet in the second semifinal on thursday actually getting their off to a shootout win over england thanks in part andrea pillows confident chipped penalty

which is the stock option 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 i'm very physical i thought well germany maybe unbeaten are twenty twelve but they've never beaten italy at a major tournament midfielder bastian schweinsteiger has been declared fit as he deals with a recurring ankle injury the rest of the line up not as clear cut especially up front with mario gomez smallest love closer thomasville i'm lukas podolski all in the hunt for a starting place walking last man seeking a record fourth european title. well over to tennis now a day three of wimbledon has been temporarily suspended because of rain all but the root center court but there has been enough time for third seed roger federer to finish as much of book a place in round three six time champion federer dropped twenty six games as he progressed six one six three six two against italian

fabulous nini after the match still had expressed this assessment of his opponent. you know really trying hard to be quite honest obviously it's hard to get into the match when you're down and i was serving well that. you know you're going to get many chances throughout a set maybe against me when i'm serving well like that and. barry was most are so obvious it's frustrating. well in the meantime argentina one monica dropped a set on the way to beijing freshman jeremy shari well number one novak djokovic harrison of the usa later on well another american run sweeting is after going to salivate should i say play is currently suspended. in the women's game world number one maria sharapova is yet to appear on court the twenty five year old search for a second all england club title continues as she prepares to face the town upon cover of bulgaria. takes on the eight c. that's germany policy that you own

a business who knocked out winners williams of course in the first round faces another tough test in poland. for time a grand slam when it can quiet is also an option later on that is of course weather permitting. now with exactly a month to go before the start of the olympics london mayor boris johnson says the city is ready to welcome the world johnson was speaking as the iconic image of the games the five rings were lowered from the equally as iconic tower bridge the games which start on the twenty seventh of next month will be the first in london since one thousand nine hundred forty eight over ten thousand athletes and millions of spectators are expected to descend on the english capital and johnson says the city is ready. and we are. in the city has at this stage in the libyan president probably better that the international olympic committee would say well the mazy job the liberal authority. in getting london ready and that's a big big give attention from us to the world it's saying here we are ready come to

london now few athletes can boast the longevity of one in need of solid ground say the georgian pistol shooter preparing for his seventh olympic games to carry her country's flag at the tender age of forty three many of her upcoming opponents were even born when she burst on to the olympics thing back in one thousand nine hundred eighty eight that's when she won gold and silver for the soviet union in seoul before a two decade olympic podium drought before securing bronze in beijing in two thousand and eight while some things never change she still trained by her father ron is in the longest such a huge. and show jumper in miller have appeared in a remarkable nine games. from one of them big veteran to another forty year old swimmer janet evans has failed in her attempt to qualify for team usa in the four hundred meter freestyle evans who won her first of four golds in seoul twenty four years ago as one final attempt to qualify in the eight hundred meters this weekend i was actually more nervous than ever because i was talking about has been about

it's such a different. situation because when i swam a trials before and it's like i knew i'd at least get the finals you know to me after i knew i had. to get second or whatever you know what i mean so it's such a it was a very different mental game coming into this for me just wanting to swim now and go for a resurgent tiger woods is gearing up for the eighty international on thursday a tournament which he founded and like the one in two thousand and nine the world number four also with one eye on next month's british open as he seeks to make inroads on jack nicklaus his legendary mark of eighteen majors woods county for shy of that amazing tally. i understand how to either win major championships and the key is just give yourself chances that's the key is give myself opportunities on the back sunday each and every time and that's one of the reason why jack was so good at it i mean you want to eighteen but you think about it for a second one thousand times so he was there. are you going to. be there a lot chances are going to show i find it let's finish with some brave souls who

have taken part in a traditional rice in pakistan the event has been running for more than fifty popular among locals participants have to complete two hundred metres of dusty course on a wooden platform which was dragged by a pair of oxen jockeys you sticks and shout to try and keep them out heading for the finish line the oxen it must be steed which we need to pole which is ten metres apart if the animals fail to finish between those poles or in sync their jockey disqualified jockeys are the winners who play prizes for the loser is really not much more than just pride. but is all your sport now put out is plenty more later on are to the world whether it's next.

you know how sometimes you see a story and it seems so for you think you understand it and then you glimpse something else you hear sees some other part of it and realize that everything is

ok. i'm tom harvey welcome to the big picture. little plug.

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