but will a rush ministry of economic development. to me all prize during the year two thousand and twelve will be somewhere around one hundred dollars a barrel or do you agree with such an estimation one in roughly. of course an estimation is always based on certain assumptions and i don't know what the assumptions are what we can see at this moment that the prices went down today below ninety if you know ninety dollars a barrel eighty nine or eighty eight so that is that is that is really much change when you look into the prices a couple of months ago when we're talking about prices about one hundred twenty five and on the twenty eight dollars a barrel but of course the question is will prices continue to fall and that's why i always tell everybody asks me let's not be complacent because the situation as it is today can change can change quite quickly let me just if you. a couple of examples one thing is that there is a growing energy demands all over the world especially in emerging countries nothing is going to change that the sec

of vietnam. >> translator: china's actions are illegal. the mining fields that china is trying to develop lie within vietnam's exclusive economic zone. >> a vietnamese foreign ministry spokesperson also raised concerns pointing out that the sites are even closer to his country than the areas that have been in dispute with china over many years. he also stressed that vietnam has already begun to conduct surveys in the area for joint projects with overseas firms. a chinese foreign ministry official responded by saying the development is a justifiable economic activity and that china hopes vietnam will not violate its rights to oil and gas in the area. china's maritime authority says four patrol ships have already departed for the area. >>> japan, the united states, and the european union have formally filed a trade case against china over the country's export restrictions on rare earth materials. the three economies jointly filed the complaint with the world trade organization on wednesday. the complaint requests the organization to establish a dispute settlement panel after their negotiations with china failed to resolve the issue. china produces more than 90% of the