tv Venture Capital RT August 25, 2013 4:29am-4:45am EDT
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it's the business that's occurred as well about what he's been up the weekend early losses last week the c.b.s. early load on its lap top and he's. libya's oil industry the country's lifeline is in danger of destruction as poor as god strikes continue to disrupt the country's exports with an estimated loss of one point six billion dollars a lawlessness at the ports has been caused by competition between members of the new day placed petroleum facilities gas made up of ex militia members fighting amongst themselves over the selling of the country's oil for personal gain of a country is reliant on or like sports accounting for ninety five percent of all output produces shipments have been cut to their lowest level since the civil war of twenty eleven with some estimating just three hundred thousand barrels a day are being shipped out of the country now so for more insight into the libyan oil industry and the economy as
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a whole i'm joined by stewart and it from platts want challenges faced in libya right now both that oil industry and their economy to say that libya's oil sector at the moment is in a total state of chaos remember three of the main export terminals for oil are now shut have been for three four weeks and that's cutting off live user can only lifeline its oil exports exports down by more than hamas now with those there is terminal shut and there doesn't seem to be any any letup to the protests of the strikes at least. but you see this situation developing then can the or the industry rebound from mess at the moment it does seem like there is a stalemate and the problem really facing libya too is that there is no proper functioning government there's no proper functioning army and there's no proper functioning police force so it's very difficult for the government to say go in and
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break up these strikes these protests because no one knows who's on whose side i was told earlier this week that even in tripoli the government doesn't seem to have full control of the country there are militias in control of certain checkpoints. and so the government really isn't functioning properly to to make sure that recovery to the oil sector can take place now obviously that is a major problem and it could actually get worse because a lot of libya's oil production is in the east of the country where tribal warlords seem to take control of some of the fields now you could argue that this is a new breed of resource region ism where normally a country will take control of its own oil in order to to make the most of the profits from it and push out foreign companies but this is rather different it seems that in libya it's being divided up by region and that to be very very
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dangerous for the years almost pushing it back towards some kind of civil war where people in the east and the west are divided in the oil sector could go with it through elliott from pat thank you very much. greece is now switched on no when it comes to their finances about their country's public needs to know is back on at five hundred people have been hired on a two month contract for the new state will cost at eighty that has taken over from the previous acts ten o eight all taken about ten zero was shut down to cut government costs and two thousand seven hundred people were fired in the process. so finally some positive news for greece just like a good t.v. drama there's also some bad news for greece this week as well the contrie is in need of another bailout that's according to the german finance minister mr wolfgang schauble says there will be no debt reduction for athens and that given the country's latest growth figures show the country is still in recession and the fact
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that the greek economy has done twenty three percent since the two thousand and eight financial crisis another cash injection is the king ever more likely this will be the time international lenders have stepped in with a rescue package for the country and considering the german elections are just a month the why now wish to mention of greece is a blow for chancellor angela merkel who has tried to keep the topic out of her campaign so far. and now time for some hope for the drama surrounding the collapse of the biggest protest cartel in the world continues major belorussian producer of dollars cali is now considering suing its russian on the euro calley unfair business practices. calling on the menu prices that have led to total losses of almost four hundred sixty million dollars for the biggest producer of the rest of the world it's all the company's board of directors has already agreed to close down the aid for the. russian market wrong
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seven percent in value i would call the here again is through right now expects a decline of five percent for the rest of twenty. summit dollars to thank all the slightly smaller goals that. and time check out with our markets and i want to mention the fall of this week the nasdaq care the second largest stock exchange in the u.s. stop trading for three hours i was off to a technical glitch for the russian markets open in full working order so we're i already got off almost right here in her. vesa just to remind everyone your agenda mr a news biz and say you know a professional trader but we've given you ten thousand u.s. dollars what do you update us as we haven't i wasn't with the metals well yeah well the metals i'm so glad that i got out because again they've just been falling and crashing showing a little bit of sign of kind of a rally but i'm glad that i got out when i did because you know i i want to remain
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fully clothed as you mention but i'm going to keep an eye on it because they're showing some signs of action but not enough for me to get back in just yet right long way to go i think that the message industry absolutely been watching the resell situation and i mentioned. what else have you been up to see what other stocks are you watching the show and tell us what you've been doing with yourself with your money indeed well remember last we talked about energy and specifically the oil markets and i decided because there was a little bit of movement from gazprom that i was going to go ahead and get in gas prom is up that's a good sign so not only do i remain fully closed but i'm even wearing pants i know you can't tell from the shot but it is true below the waist i'm also still closed because the oil markets are doing well and in fact partially because of what you know what's happening in libya what's happening in egypt also the u.s. job market is actually showing some growth as well which is good because you know
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america they like themselves some oil so that's all helping with the oil and that's helping me do well in this whole little endeavor that we've got going on. or oil is the way forward with all the chaos and u.s. behavior going on around the middle east this so what if you go obviously for next week they so on i want to know more you've got a lot of money this isn't just a game no let's not again well here's the deal all right remember i'm coming at this from a news perspective and from a common sense perspective at least what i think is common sense and i'm a boy i like airplanes and what's happening in russia right now with the max. show i'm thinking planes air there's a lot of enthusiasm lots of energy there not to mention aeroflot specifically like i was traveling this week and i saw that they're in the process of getting ready to launch a budget carrier around russia so yeah i'm thinking aeroflot and transportation because a planes are just cool and they get you places in if i want to get places i'm going
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to go with to look at that one for the coming week i must say so and just from her support if you know that she really excited about this. she flies more holidays are all for it but as i understand it the boston market had some good news this week. indeed in fact. the russian market investors like foreign investors into the russian market have increased sixty percent and i'm going to say that i think it's because of us and the move this little project we have got i'm going to take a little bit of credit credit for this one i would like to think they so on that would be brilliant for our egos but listen enjoy the assets become really looking forward to it myself i think we're going to see some crazy stuff in the skies i'm a little bit scared of flying myself but i'm just going to be watching from the ground i mean it's it's all science it's all sound science they've been doing it for a hundred years or so go on up have some fun scary it's scary but it's pretty it's all i care about but thank you ever so much and good luck with the arraf lot and
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a state with the oil and well away from the metals i think it is in the right thing that so i'm thomas that thank you inside. and staying with the i say then the max twenty thirty international aviation and space alone will indeed take off next week as a chance for aviation enthusiasts and business and to get together and. set out so what can we look forward to then what business deals will be on the table and let's say your chefs the right heads tell me all about it and you went to like a. pre-show flight right ok and how did it go what did you say lots of planes taking off military planes passenger planes it's amazing when you walk down the runway and you can see a tuple of tool for performing stunts right above your head it's it's amazing yeah that and what about the business side of things that we're talking dale's little really been with mark's air show last time it's held every two years the last time
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in twenty eleven it was deemed a very big success it was the record amount of deals worth more than ten billion dollars struck one deal in particular was a mega deal six billion dollars worth of twenty one midrange passenger planes fly which can carry around two hundred people and it's going to go to the airbus a three twenty or boarding seven three seven so they actually sold more than fifty planes to a russian companies which was eventually worth six billion dollars so this time. experts are predicting even a bigger success despite what seems to be a less spectacular show last time we had the presentation of a three eighty airbus we had the presentation first time ever fifty top secret new food generation fighter jet made by those who hoard bureau so it was obviously a big deal back and twenty lemon this time will be maybe less spectacular but everyone is expecting big deals as well because there will be several that does interesting things i have heard a lot about the fact that it's not going to be as big not spectacular mr putin is
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not going to be that but you say it's going to be more money so people think that if putin is not going there then you have to downplay the significance is not the case i mean there will be several new planes presented transport planes made by the lucian construction constructors and also there will be several helicopters brand new presented nobody knows how this will go maybe the people the businessmen there will be so impressed with these new planes that they will just decide to sign deals to this very moment but what i've heard so far from the experts from both financial experts and education experts that there will be lots of deals and. even probably surpass the ten billion mark which was set in twenty eleven wall and will be lots of acrobats in the sky then and we expect to see lots of fun surely wishing around the thing as usual two hundred forty planes will be on the ground station for the people to watch will be the businessman and then will have the final day or the next show where the general population will be allowed inside and they will be able to see for themselves and all this time will see shows up in the year more than one
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hundred forty planes will take off while the one highlight also will be the chinese group of acrobats performing their show the interesting thing here it's became clear that their their show was financed by the russian government so we need to help the chinese people to have their show in mosques and police to finance their show during this alone and that that's what happened twenty eight million roubles for the chinese the chinese group to come over to moscow and have their show here well before he that well i'm i'm looking forward to that and they say yes yes kate thank you for that all its fake sign saying it's a full it's ok that's it for french capital for this we have that makes the talking about the peace twenty summit we're going to be gearing up with all the details on that one i mean that if.
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you know people in moscow say they're like all websites and facebook groups about the child free lifestyle which i didn't believe until i saw the cover for the august twelfth copy of time magazine yes child free is no real thing sadly basically these are people who have started a cool trend of not having children and using their time and resources completely for themselves you know if you don't want to have kids that is your business and i really couldn't change your mind. if i wanted to but there are people all over the internet who are just swimming in their own self-satisfaction like pigs in slop because they are part of the no kids trend the sickening part about this trend or should i say mentality is that these people in adore themselves are being too selfish to give their time and money to a child oh i'm the center of the universe and i'm proud of it. this is an extremely
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antisocial and destructive mentality to adore yourself for contributing nothing to anyone else nothing to society and nothing to the future but wait let me put it this way if your life is shopping wearing ironic t. shirts starbucks and texting on your i phone about your stupid feelings that maybe is for the greater good the church childfree but that's just my opinion. wealthy british science. is not on. markets why not. find out what's really happening to the global economy kinds of reports on our.
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