tv [untitled] July 1, 2012 2:30pm-3:00pm EDT
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you're watching the weekly here on top stories now exactly half past the hour in the russian capital politics by the people no forced regime change that's what international powers now see as the remedy to syria's bloody civil war but rebel groups say it's unrealistic. italy and spain shelled breakthrough after coercing germany's angela merkel into accepting a bank forcing her on the defensive at home. and it was. a police request in london to turn himself in and be extradited saying he'll stay safe and it was embassy until
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a decision is made on his asylum request. and that's it for the moment i'll be back with a news team with another summary for you in fifty minutes from now in the meantime it's an in-depth interview in our business presenter dimitri medvedev talks to a pulitzer prize winning author on iran's ability to export oil now that sanctions are in effect. 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 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
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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 exclaimed of 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 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
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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
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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
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oil and gas and technologies right now shale gas has also become one of these shifting basically to shape all 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 is you know it's 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
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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 the russian 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 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.
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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 we have renewable energy we have nuclear energy which has also been changing especially the fukushima several countries have been saying they want to go away
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from nuclear energy what is the future of the new plant 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
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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. with great enthusiasm in the one nine hundred seventy s. a nine 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
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like china and india let's talk more about that let's just go hypothetical. 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 see coming 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 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 right 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
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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 and try to get. into street claims the process is perfectly sweet. seems to say that brings nothing. but the environment knows better and the industry isn't telling the whole story.
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please. this is the weekly top stories this hour no politics by the people and no. forced regime change that's what international powers now see as the remedy to syria's bloody civil war but rebel groups say it's realistic. it in spain show breakthrough off to germany's angela merkel into accepting a bank bailout scheme and forcing her on the defensive home. that was submerged in the sands defiance of police requests in london to turn himself in and be extradited saying he'll stay safe in ecuador's embassy until a decision is made on his asylum request. well i'll be back with more news stories in fifteen minutes from now next is the latest in the world for the injured on the european championship it's just about to start seconds away from kickoff that's
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right but you're almost as excited as i am now for thirty odd games of football it has come down to spain against history in tonight's final and it is just about to start looking at it there. just after the content of. day you're watching the sport and these are the headlines how this spain look tonight history as they take honestly in the final of the european championships. plus on the move russia strike up a good happy and joint premier league premier league new boys reading on a four year deal. and five keep the yellow jersey at the tour de france despite losing out on a first stage when they're back in the to say. now let's go straight to the european championships where holder spain are playing it for the in the final in kiev the game is just back to kick off in
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a packed olympic stadium spain opting to continue with their six man midfield which means there's no place for strikers fernando torres and the next day there they are on the bench while italy are playing with two up front leaving the line for them on tony cassano and mario balotelli you need just one more goal to become the top scorer at your age twenty twelve victory for the. spain brought also the world champions would make them the first team ever to win three major tournament in a ride. meanwhile russian striker power grab me out has confirmed he's agreed a deal with premier league new boys reading he has passed the medical and is now just waiting for a work permit the move will see him in sixty five thousand pounds a week in a four year deal for good opening act had joined fullam on loan at the end of last season from stuttgart and scored six goals in twelve games for the cottages but decided to move to the royals because the money was better he says he was also swayed by reading russian owner and thompson got a bitch elsewhere napoli's to sequels it is he is on the verge of signing for paddy
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sanjay man for thirty million euros on monday the play will have a medical the arjun time played in napoli for five years scoring thirty eight goals in one hundred fifty six appearances is also scored twice risk country in eighteen internationals meanwhile the russian beach shockey to soccer team have won their first qualifier for the twenty thirteen fifa world cup they thrashed that via nine two in moscow alexy mascot of scored four goals in this match large mean three she scored a hat trick russia hoping to continue this free scoring form or monday when they will play germany the germans lost their opening match to poland two one in group a the best the best two teams from each group will qualify for the last sixteen stage . now the first stage of this year's tour de france has been won by peter sagan of slovakia although switzerland fabien country lara keeps the lead yellow jersey for a second day saying it was part of a breakaway with tanjil arias that just managed to get him to the line at the end
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of the two hundred kilometer route lived around the belgian city of the age where they can chill remains the overall race leader and stay seven seconds ahead of britain's bradley wiggins is hotly tipped to win a few stall. now russia have claimed another birth at the upcoming london olympics this time the men's beach volleyball team qualified with a two no when over poland the two russian tandems teams convincingly coming up through the group stages of the world olympic qualifying tournament for dispatching the poles in the final it was the last chance for the side after failing to emulate their female counterparts federations but the play is kept there to ensure a ticket to london. i. will be having could be to have bad luck we couldn't win the continental camp but we kept hoping and today we showed how well we can play and i think we deserve the qualifying for their own
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. now among the russian athletes going to london are a family who hope to repeat this success they had in beijing but lopez has brought home three medals in taekwondo at the last olympics and their success in no small part of their coach who is the eldest son i took up the chain care as the story. it was an exciting time for us for me and my family. just to know that you know this is what we worked hard for our whole lives and two thousand and eight we made history becoming the first family of a trio you know three to actually make the olympic team but we broke the record because my brother gene is the olympic coach. it's a feat that had only been achieved once before over century in one thousand and four when the traditional brothers qualified for the u.s. gymnastics team. but unlike them the lucas family also brought home two bronze medals and one silver medal. the first time
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a limping dream was force ignite in me was in one thousand nine hundred eighty around nine years old and taekwondo was an exhibition sport at this olympic games at american or to my brother in going jane tucker knows olympic sport now and they were making a big deal of it and right then there is when i knew what i wanted to be jean lucas is the eldest sibling who unlike the rest focused his career on coaching he began teaching stephen. but. other siblings when you start kindergarten you really don't choose to do it just thrown in there so diana and i we didn't really have a choice were thrown in there but you know i think god my parents him my brothers you know put us in there and you know it was a blessing and i don't regret one moment but we always were such a close family that everything that we did we did together and we still were still like that today and that's why when i became
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a family affair for us jeanne i'm self began taekwondo when he was eight years old his father had encouraged him to try the sport because he believed it would teach him self confidence and build character little did mr who looked as know what he had started. when i was twenty three years old i decided to open a store because that's naturally the passion. and that i have been teaching and it's something that i want to i want to give back the most successful sibling is without a doubt stephen. the five time world champion and two times olympic gold winner was told many times he should retire while on top but even after only taking bronze at the two thousand and eight beijing olympics he still motivated as ever if i feel . the way i do i would have to say i'll go on until i can't kick anymore until i don't want to anymore and the great thing is i have
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a brother who is very objective and he'll tell me steaming you don't have any more you should just stop but even if steven decides to retire from the sport there's still plenty of future hope for the lupus family the legacy continues because my niece and nephews are training taekwondo and if they want to be world champions one day i believe they can be and although mark lopez failed to make the u.s. olympic team this time around it didn't stop him from participating in it either you know for supporting them and helping them when the olympic gold medal that was was not then fine in two thousand and eight so then winning olympic gold is them winning olympic gold for me as well the lucas siblings will no doubt be the center of attention when they take to the match absalom the lympics and even if they don't bet so the two thousand and eight results they've already carved out themselves a piece of olympic history michael jenkins. that's the lopez family who will be
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representing the usa at the next olympics so how well will russia do at the london games we caught up with the russian olympic committee chief alexander as you cough . i have for about twenty five gold medals it will do actually a little bit more than in the gym. but i'm just too focused and you know. of course russia will come to the america and china but. if you called collate the results of the last world championship they can say that china will have probably the first place in the united states the second. i think it's very important to her the cost advantage and. great britain have
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a lot of great sportsmen so i think they will compete with russia and. china. sundresses ling and boxing also missing from nice swimming gymnastics you know all this kind of sports. it's good for us. i think often cause. a lot of new very young sportsmen so you can see the gymnasts us from khalid tim is very young you know. back up for a couple of new absolutely new training centers. late. and
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also the new center and in such a huge sport so i will hear a lot of new music very good more than sports centers that's how i could put them in good stead. for the moment is still moment between spain and italy in the final of the year pain championships in kiev again just ten minutes the final score who knows maybe extra time and an expletive he.
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well to the. point is the magic of transforming airplanes into jet trains dirty diesels into green rail dreams double down on profits by building up instead of out in the german swollen places east for the summer no jump here on r.g.p. we've got the censure. motion going to be soon which brightened.
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