what could be warring three of the guys in the house investigation on thomas these boys the business that's occurred as well about what he's not been thinking a lot since our last week at c.b.s. early close to that top he's. libya's oil industry the country's lifeline is in danger of destruction as ports god strikes continue to disrupt the country's exports with an estimated loss of one point six billion dollars on losses at the ports has been caused by competition between members of the new day placed petroleum facilities gods made up of ex militia members fighting amongst themselves over the selling of the country's oil for personal gain and the country is reliant on or like schools accounting for ninety five percent of all outputs the producers shipments have been cut to their lowest level since the civil war twenty eleven was 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 a whole i'm joined by stuart and it from plants want to challenge is faced in libya right now both that oil industry and their economy it's fair 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 it needs oil exports exports down by more than hamas now with those those terminals shut and there doesn't seem to be any any letup to the protests of the strikes of these terminals and how do you see this situation developing then can the oil industry rebound from mess for 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. a

functioning police force so it's very difficult for the government to say go in and 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 regionalism where normally a country will take control of its own oil in order to to make the most of the profits from it 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 dangerous

for the years almost pushing it back towards some kind of civil war where people in the east in the west are divided in the oil sector could go with it still eliot from past 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 stable 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 spot just like a good t.v. drama there's also some bad news for greece this week as well but one tree is in need of another bailout that's according to the german finance minister mr wolfgang schauble says there will be no it debt reduction for athens. it's given the

country's latest growth figures show the country is still in recession and the fact 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 i'm considering the german elections are just a month the way now this 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 to some hope for the drama surrounding the collapse of the biggest protest cartel in the world continues major fellow roughs him producer bellerose kelly is now considering suing its russian on the euro calley on the business practices. cooling i mean you prices have led to total losses of almost four hundred sixty million dollars for the biggest producer of the rest of the world and so the company's board of directors has already agreed to

close down to eighty four but there is. a rush in the market wrong seven percent in the news so body here again is through right now expects a decline of five percent for the rest of the n.t. that steve thomas now is to thank for the moment i go back. and time check out with our markets and i want to mention the father this week the nasdaq 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 they've been in full working order so we're i already got off almost right here in-house invested just to remind everyone you're a journalist or a news presenter you're not a professional trader but we've given you her ten thousand u.s. dollars what are you up to tell us is we have an i pad also it wasn't with a metals well yeah well the models of i'm so glad that i got out because again they've just been falling in question showing a little bit. of sign of a kind of

a rally but i'm glad that i got out when i did because you know i i want to remain 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 every cell situation and i mentioned that if they. have you cannot 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 problem is that's a good sign so not only do i remain fully clothed 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

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 to the. u.s. gang on around the middle east they still want to 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 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 air 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 there in the process of getting ready to launch a budget carrier around russia so 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 to go with to look at that one for the coming week i must say so and just from her support if you're like 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 should all that would be brilliant for our egos but listen enjoy the our show next week i'm 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 we'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 sean thank you ever so much and good luck with the arraf lot and a state with the oil and get well away from the metals i think he's in the right thing there so and so on thomas that thank you inside. and staying with the air so then the max twenty thirty international aviation and space alone will indeed take off next week is a chance for aviation enthusiasts and business and to get together and. so what can we look forward to then and what business deals will be on the table we'll go and say your chefs the right heads tell me all about it and you went and i appreciate floyd right ok and how did it go what did you see lots of planes taking off military planes presence of 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 well it's amazing you get retiring and what about the business side of things. we talking deals have

been over even with the with the marks air show last time it's held every two years the last time it went to love and 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 mid-range passenger planes which can carry around two hundred people and it's going to be two. airbus a three twenty or boarding seventy 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 into into lebanon this time will be maybe less spectacular but everyone is expecting big deals as well because there will be several that that's

interesting things i have heard a lot about that it's not going to be as big not spectacular and mr putin is 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 a 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 well and whether it be lots of acrobats in the sky then we expect and see lots of surely swishing 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 we'll 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 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 said we need to help the chinese people have their show in mosques and police 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 be well i'm i'm looking forward to that and they say yes yes ok thank you for that old it's very exciting it's a full it's ok that's it for venture capital for this week i'll be back next day talking about the twenty summit we're going to be gearing up with all the details on that one i mean that is a. wealthy

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when i was on your bushel was the u.s. government preparing for war coming up large sections of the us prepare for a revolution. hollow points of the d h. m's that fire is on your computer the army no links to systematic covert operations on anyone who criticizes multinational. from always playing right here or here for drum.