less than a year after the catastrophic b.p. oil spill which was caused by lax regulation of a dangerous industry, they want us to undo the reforms that have been made. for what? the energy department's energy information administration estimates that drilling authorized by these bills may lead to a measly 1.6% increase in domestic energy production from 2012 to 2030. that is not a prescription for relieving pain at the pump. in the short-term and it's a poor strategy for long-term energy security. instead we need to invest in fuel efficient technologies and expand our transportation options. we need to focus on harnessing clean, alternative energy sources. and that way we can leave our children a cleaner, healthier planet. wean ourselves from foreign oil. i urge my colleagues to vote against this rule and against this drill only bill. i yield back my time. the speaker pro tempore: the gentlewoman yields back. the gentleman from massachusetts reserves.

companies dive right back into the garbage of the b.p. oil spill had never happened to get right through our budget oily holes in the sea floor all over again oh and republicans added an extra special provision in the bill that says that if there's ever another accident the future then only the fifth circuit court is where the case will be heard. why the fifth circuit court well because the fifth circuit court covers only texas louisiana mississippi all oil producing states and oil bought and paid for politicians from those states over the years have made sure that the fifth circuit short court is chock full of judges with literally cumulatively millions in oil investments and lots of drinking buddies in the industry pretty handy so another hearing and things actually got worse reminds me of a senate committee hearing last year on the financial meltdown when goldman sachs executives were put up on the sacrificial table and gutted by r.-y. makers take a look. you are the bookie you are the house you have less oversight and less regulation as y

just last year after the b.p. oil spill our lawmakers put d.p.c. iau tony hayward and went to work to do what. ninety seven percent of all of those agree just violations that u.s. refineries on your watch were against your company that doesn't sound like a company that you use your words is committed to safe reliable operations as your number one priority i'm concerned at the corporate culture from b.p. c.e.o. tony hayward to chairman and president of b.p. america lamar mckay the chief operating officer doug suttles that there is a willingness to cut costs and take greater risks of time is expired and i just amazed at this testimony mr hayward you're not taking responsibility you're you're you're kicking the can down the road of acting as if you have nothing to do with this company and nothing to do with this is what i thought of that i thought they were supposed to sew it in and come out of this town washington. no gives a lot of money to politicians and their campaigns in fact just yesterday republicans in congress passed the oddly named putting

the b.p. oil spill. what we are simply saying is that before any permit is issued, that the secretary take the precaution of first having a sense of what that worst case scenario could be and second that whoever is seeking that applicant who is seeking this permit has both the capability and technology and has demonstrated as such to address that worst case scenario. mr. chairman, it is a simple statement. and it is a requirement that the people would like to see. no one wants to sit there and experience a b.p. oil spill again. mr. chairman, i reserve the remainder of my time. the chair: the gentlelady reserves. for what purpose does the gentleman from colorado rise? mr. lamborn: i claim time in opposition to this amendment. the chair: the gentleman is recognized for five minutes. mr. lamborn: i yield myself such time as i may consume. i do oppose this amendment, it is duplicative and unnecessary. it attempts to expand on the language in the bill that mandates that the secretary conduct a safety r

b.p. oil on the river us is not going to go drill in one mile deep water if they are my money. but they can make money because all energy policy. then don't keep drilling and it's gonna happen again. industry learn and change the federal agencies my tighten up some they're going to be fools not to but follow through is pretty powerful i'm sure they're up there lobbying in the halls of legislature in the halls of the agency every day every hour. we don't give up their very tenacious we love where we live and we think well we live here it's our duty to protect that environment check our communities and so i'm just so sorry that i live to see this. this should be a giant wake up call for all of us were addicted to oil. i saw some money yesterday i go into a stall driving a big huge issue we have in the big park but just today they left their car running small i went into the store there when the store probably fifteen to twenty minutes and the reason being says they call with syria wouldn't get. well as long as we have that sort of added to we're going to have to go offshore to fo

they include extending drilling leases in alaska and the gulf of mexico, frozen after the b.p. oil spill. beginning annual lease sales of the national pretrollium reserve, 23 million acres on the north slope of alaska, and providing incentives for oil companies to speed up development of sites already leases. >> there are a few steps we should take that make good sense. >> reporter: the top oil industry group agrees. but in a statement, the american petroleum institute said, "we hope that these proposals are only a first in a series towards a more robust national energy plan." >> and the bill is passed. >> reporter: house republicans passed two bills this week that not only ramp up offshore drilling but would force the obama administration to act quickly on approving new site. >> when we're talking about energy, we're talking about jobs. the cost of energy is directly related to the cost of hiring workers and running a business. >> reporter: but neither measure is likely to pass the democratic senate where anger at rising gas prices boiled over at a hearing this week. five bosses f

b.p. oil on a river of us is not going to go drill in one mile deep water if they all make money. but they can make money because all energy policy. they're gonna keep drilling and it's gonna happen again the industry is going to change the federally this is my i love song they're going to be fools not to but pollution is pretty powerful i'm sure they're up there lobbying in the halls of legislature in the halls of the agency every day every hour. we all give up very tenacious we love where we live and we think where we live here it's our duty to protect our environment protect our communities and so i'm just so sorry that i live to see this. this should be a giant wake up call for all of us were addicted to oil. i saw somebody yesterday i go into a stall and i was driving a big huge issue v f in the b five parts just today they left a car running small i went into the stall there when the still probably fifteen to twenty minutes and the reason being says they call with syria wouldn't care. but as long as we have that sort of attitude we're going to have to go offshore to foreign

in the state of florida, we are still recovering from last year's b.p. oil blowout disaster. we're recovering economically and environmentally. . from the policies of the past that elevated oil company profits over safety. to add insult to injury, every summer the price of gas goes up. and we see it in florida because our economy is largely tied to tourism. and we see it and it pains us and consumers know that they are messing around with the american consumer. they understand that the wall street speculators are making a profit, maybe 20% in the price of gas. and that is not fair. why don't we start with a meaningful energy policy that acrests -- addresses those speculators. why don't we start instead with continuing oil company give aways, why don't we start with ending the taxpayer subsidies to the big oil companies? just in the first quarter of this year b.p. has made over $5 billion in profit. exxon has made over $10 billion in profit. with the skyrocketing debt and deficit, why is it fair for the american taxpayer to be subsidizing the most profitable companies in the wo

but b.p. oil spill in the twenty billion dollars but the government demanded from b.p. in response so that definitely showed a very clear just happened between what the u.s. government would expect for compensation for environmental victims in the united states and what the you know the sort of justice they were. not not providing for the people of bhopal. the american government has been claiming that the case that doubt doesn't need to be a part of the going to sessions with that they don't need to be a part of it when in reality they're still criminal charges against union carbide and they're officials first outcome of a company now owns union carbide there's still civil cases which pending in the new york case in new york were well in the in court for the cleanup and the u.s. government needs to play a bigger role in providing justice and making sure that those that are in the hole part of the those trials and that human cargo and for special showed up for criminal charges and then show that you know the price causing the veyron a disaster in the u.s. isn't any high

you would think that the b.p. oil spill never happened if you consider this bill which will be on the floor later today. and there's really no reason to rush to begin new drilling projects in such an irresponsible manner. you see, under president obama, domestic oil production has grown to its highest level in the last seven years. that's right. it has grown to its highest level in the last seven years. and if you listen to the other side, you would think the opposite was true, that we've really curt back or stopped drilling -- cut back or stopped drilling. since february 34 permits for 14 unique deep-water wells have been issued under the new safety requirements since the b.p. spill. oil production in federal waters has increased in both of the last two years. last weekend the president announced several steps the administration would take to expand further, responsible development of domestic energy resources. the department of interior will hold lease-sales in the gulf of mexico and alaska by mid-2012 once addition

almost six years after katrina, and one year after the b.p. oilpill, new orleans has a new mayor with a new plan on how to run the city. mitch landrieu says it's time to rebuild this place, not into what it was, but into what it can be. he brings his own brand of intensity to the big easy. and like many people who live there, landrieu is in the middle of a love affair with his troubled city, as we discovered when we caught up with him during mardi gras. ♪ ♪ new orleans is a rich gumbo of french, spanish and afro- caribbean culture that's been slow cooking for three centuries. tourism here is a $5 billion a year industry, and the biggest draw is mardi gras. ♪ ♪ beneath the mardi gras masks and the makeup, buried deep in the music, is an energy in new orleans like no place else in america, and mayor mitch landrieu moves to it with his own rhythm of leadership. i get the impression that you're having as much fun as the people are. >> mitch landrieu: i love mardi gras. i'm a street rat. i told you, i really, really enjoy it. >> pitts: yeah? >> landrie

oil companies were bigger than ever. billions of dollars in profits. even b.p., even after the disaster a year ago, was still making huge profits. of course we've got about $4 billion in tax breaks that the republicans continue to give to the oil companies. no more oil is going to be brought to market because of this legislation. as my colleague from massachusetts said, we are talking years before any oil could be brought to market. and at the same time we have the huge environmental risks. the fact of the matter is the b.p. oil spill a year ago showed us the environmental risks that are involved with deepwater drilling. and there was a bipartisan commission that was put forward, democrat and republican, testified before the natural resources committee that i serve on. but no republican effort is being made to implement those recommendations and say ok, we need to do certain things before we can do offshore drilling in these deepwater areas. nothing at all. when you open up these areas under this legislation to new drilling, you are just inviting another b.p.-t

b.p. would want to deliberately poor oil into the gulf and i'm not suggesting that the script was actually written by b.p. in fact individuals within the unfortunately are potentially part of. i say a hidden hierarchy you know the questions need to be out who took the decision to put palooza on that rig these are questions that haven't been properly answered by the gulf coast hearings and bob has declined to appear before the gulf coast here and by pleading the fifth amendment i that if he does give evidence any evidence he gives me likely incriminate him and people can look this up for themselves and and see the you tube video clip of the united states senate deliberately overturning the request for the gulf coast hearings to be given the peris been the gulf coast here and been given the power subpoena it could have not only demanded that bob colusa actually appear before the hearing he could have demanded that bob colusa shares what he knows occurred on that rig immediately prior to the blowout and what could possibly be the reason for essentially deliberately spilling millions of barrel

opening our shores to drilling and returning to pre-b.p. oilll regulations won't reduce our dependence on foreign oil and it won't reduce the price of gas at the pump. the united states holds less than 2% of the world's oil reserves and while we consume more than 22%, even if all restricted areas in the u.s. could somehow be brought into production at this moment, the oil they would yield under the best scenario is about a million barrels of oil a day, 5% of our daily consumption. those bills shouldn't get any further than the -- the speaker pro tempore: the gentleman's time has expired. mr. moran: the american people should bet wither understand what's happening to the american consumer at the pump. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? >> address the house for one minute, revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized. mr. clarke: thank you, thank you, mr. speaker. it's very clear in these economic times that americans need jobs and m

staying with oil b.p. has been hit by another will suit over its arms to deal with all sniffed while to be piece by north shareholders has sued the british oil giant in russia's regional coolidge is seeking to secure a ten million dollars refund for his company saying the actions of b.p. caused losses to its russian joint venture last week the stockholm arbitration says the cesspool between the british company is acceptable only if they let me join the arctic exploration meanwhile the deadline for finalizing to jail and some monday with no decision reached yet. so we have time for knowledge or in the less than one hour and website r.t. dot com slash business. cluster mission. and inside the computer you have it all on. and you can have anywhere from dozens up to hundreds of them there's a huge market right now for battle area clear because there are a lot of countries in the world that are contaminated by unexploded ordinance. but you've got these companies and then n.g.o.s that have basically run off that

of people about the industry, everybody agrees -- they were very proud of the fact that until the b.p. oil spill, oil spills looked like they would be a thing of the far ancient past. that mexico blowout was 20-something years ago. mr. farenthold: yes, i was a child. mr. carter: requires the secretary to decide on issuing a permit within 30 days of the applications with two 15-day extensions are allowed and provides drilling companies with speedy fifth simbingt court access if the government violates the law or denies the permitting process. not only does it set a standard that congress should impose on the secretary but in addition it gives recourse, the kind of recourse we're supposed to have on these issues of whether or not to drill. that is to go to the courthouse and let the justice system prevail. and so let's go to the fifth circuit, who has already spoken once, pretty loudly, and let them speak again. one more that i don't seem to have, we need to open up the leasing for our public lands in the west. the states of utah and idaho and wyoming and montana, we are well aware and very

b.p. sixteen billion dollars deal with russian oil from ross they have planned proceed but only on condition ross they have to louse tank a b.p. into the exploration of the arctic ice latest ruling from the operation cord in london that's being overseen the dispute between the parties ati's that it was called it takes up the story. the decision appears to have put the ball firmly in brosnan's schools essentially what the court says is that b.p. and ross never can go ahead with a share swap but only if. the arctic exploration is done through t n t v p and that decision is down to ross news to all sides this renewable bibi's partner in the russian joint venture t.n.t. b.p. had a chance to bibi's agreement with rosneft to look through it we will in the arctic mood has it said the deal brokered it's a shareholder agreement with b.p. and want to make sure to do it in britain blocking the deal now that the ban has been lifted was certain thing dishes levy says it will reduce negotiations with the us next proposing to include seeing p.b.b. in the project that is something that our finances removed

know that i was quite surprised as i think many of us were last year during the b.p. oil spill a to find out that the technology is for cleaning up that oil hasn't changed much over the decades proceeding and that while after the exxon valdez spill there was supposedly a process and someone -- people put in place to try and address oil spill, that it really had not been effective and that the funding had not been there. my concern is that as we go forward and look at how we improve the processes for permitting and look at our drilling in the future, that we are able to develop the technology to make sure that if there are deep water spills that we have technology to clean those up. i know that the president and his 2012 budget include an increase in funds. but it is not at all clear to me that we have yet in place a process for how we raise those funds on a regular basis and how they are going to be spent and who is going to enterprise that. supervise that. >> thank you very much, senator shaheen for that question. the fact of the matter i think is when one looks back at

b.p. expires russian oil majors given a few clues as to what it will decide except saying it will act in its shareholders best interest. another hurdle looms in russia's eighteen year long marathon to join the world trade organization the e.u.'s land tax concessions offered to foreign carmakers to set up assembly plants inside the country the governor wants to extend the program started in two thousand and three until twenty twenty which the e.u. says is against that we can see a rules the program has had some notable success with a number of the world's biggest car makers setting out operations here but the entry is a matter of negotiation and the kremlin may be prepared to offer the e.u. concessions on the import of agricultural products. so you look at the stock markets in russia and in moscow the obvious my sex was just a notch up at the close of friday's session with mixed feelings about u.s. consumer prices and volatile oil so you look at some of the individual movers on the my six gazprom ended the one percent in the red on fears some of its customers might follow the example of lithu

markey: one year ago today we were two weeks into the b.p. oil spill in the gulf of mexico. two weeks into what would ultimately become the worst environmental disaster in our nation's history. with more than four million barrels of oil spilling into the gulf. since that disaster we have learned many things about the safety of offshore drilling. we learned that the blowout, that the oil industry doubted as fail-safe, could be sure to fail if an actual blowout was under way. we learned that the only technology the oil industry had been relying upon in the event of a spill was a xerox machine. the spill response plans for major companies were so similar that they contained plans to evacuate walruses from the gulf of mexico even though the walruses had not called the gulf home in more than three million years. and they were such dead ringers for each other that they contained the same name and phone number of the same long deceased expert. we learned that the oil companies had neither the resources nor the ability to stop a deep water blowout. b.p. spill response included an at

looking at it is a way for them to increase their portion of the tape of the crude oil with their producing. ten k. b.p. is looking to buy into one of the largest oil refiners in poland it submitted a bid to acquire around fifty percent in lotus the stake is worth half a billion euros kincaid b.p. has now and it sits in europe and is trying to get better access to consumers there alice say it's the right time for a deal as the profitability of oil processing in europe is rising let's take a look at the markets now oil continues to rise on speculation that global economic recovery will sustain the demand for crude that's off the g eight so the world economy is strengthening through the week it's all of those things the appeal of commodities j.p. morgan expects opec to increase production because it's to meet global demand every three hours around one hundred dollars a barrel bridge is one hundred fifteen dollars a barrel this hour. in europe higher commodity prices have given the markets a healthy boost the fancy is up around point eighty five percent and the dax is at point all for the same this hour.

this just shows that some of my colleagues have not learned the lessons of the b.p. oil spill where a shoddy approval process and numerous industry errors led to a monumental disaster in the gulf. this disaster brought economic hardships for thousands and cost 11 workers their lives. let's not forget that. offshore drilling is becoming an increasingly complex industry to insist on a one size fits all permit process, ignores increasingly technical challenges that offshore drilling presents. the republican bill is reckless and irresponsible, and i urge my colleagues to reject it. so instead of ending handouts to wildly profitable companies, my friends on the other side of the aisle are suggesting we throw caution and safety to the wind and continue to dole out these subsidies. they want to make cuts to job training programs, pell grants and cancer research. they've proposed converting medicare into a voucher program which would end the long-standing guarantee that our seniors will have access to health care when they need it. it would end medicare as we know it. but when w

the red while the dax is gaining around point one percent downwards pressure comes from oil majors statoil and b.p. both hauling over one percent this week or oil market meanwhile shares in b.m.w. rose fry more than a percent on the back of strong results the company more than tripled their profit in the first quarter to almost two billion dollars that was beating this expectations. after a brief journey into positive territory for both ross's main forces are heading down again yes and my sex lives being oh point two and point eight percent respectively. look at some of the individual movers on the my sex energy majors and metal miners are among the top losers this hour as commodity prices fall gas prices down almost two percent what is gold is two and a half percent in the red in the trend of the spear banks and it's around point seven stopped. when else are going to sell at renaissance capital believes that despite the current negative sentiment a stronger euro could push russian stocks higher. we expect to be continued. continued. will strain and we can expect to continue to support terrorism f

european markets are trading in the red this hour downwards pressure consummate oil majors total and b.p. both falling over one percent on the weaker oil market meanwhile shares and b.m.w. rose by more than a percent on the strong results the company more than tripled net profit in the first quarter for almost two billion dollars beating this expectations. and after a brief journey into positive territory both russia's main forces are heading down again with a nice six living one point four percent just take a look at some of the individual was on the my sex energy majors and metal miners are among the top abusers this hour on low commodity prices fall gas problem is down almost three percent while all this gold is three in the red bucking the trend is for us to call and it's up around true percent. of my nest egg and when it's capital it believes that despite the current negative sentiment a stronger euro could push russian stocks higher. we can expect to be continued. and we can expect to continue for tourism is that. all companies are going to be corpses where all the price could be s

the red ball the dax is gaining around a half of a percent downwards pressure comes from oil majors to tal and b.p. both hauling over one percent on the oil market meanwhile shares in b.m.w. growth by more than two percent on the back of strong results the company more than tripled net profit in the first quarter told with two billion dollars beating analyst expectations. and here in russia both the arts yes and the mice x. have the first to earlier losses and are now heading up let's take a look at some of the individual movers on my sex energy majors and metal miners are among the top losers this hour gazprom is losing half a percent well tell us gold is over two percent in the red bucking the trend is your bank which is up around one and a half of a percent. of our notes are going south at renaissance capital believes that despite the current negative sentiment a stronger euro could push russian stocks higher. we can expect to continue to. consume you know or will strain and we can expect to see you know for sure. is that. all companies are going to require thoughts as well as price who it's mo

possible to establish what we believe to be the truth it's just over a year since the massive oil spill from b.p. . in the gulf of mexico you suggest that it wasn't in fact caused by a technical failure or incompetence in any way that you think that something deeper and more sinister lurks behind it well my reason for that belief is that there are some very very important questions that both b.p. and the u.s. government have done their utmost to make sure don't get asked and to be very specific the deep water horizon at the time had one of the most experienced company men on the rig was a guy called rods. and said it was taken off the rig supposedly to attend a course in lafayette louisiana now it's remarkable that b.p.'s most experienced company man should be taken off the rig to learn how to use that leo p. the most significant juncture of the drilling operation i.e. just as the world's of about to reach completion the person that was put on the rig to replace was a guy called bob colusa now bob is the complete antithesis of. he was a young guy he had no water drilling experience he's only exp

b.p. expires the russian oil major has given few clues as to what it will decide except saying it will act as shareholders best interests. now another hurdle looms in russia's eighteen year long marathon to join the world trade organization the e.u.'s slammed tax concessions offered to foreign carmakers to set up assembly plants inside the country the government wants to extend the program started in two thousand and three until twenty twenty which the e.u. says is against w c o rules the program has had some notable successes with a number of the world's biggest car makers setting up operations here but w. zero entry is a matter of negotiation and the problem may be prepared to offer the e.u. concessions on the import of agricultural products. of the markets we start with commodities crude prices recovered from yesterday's heavy sell off and wednesday's two light sweet is still under one hundred dollars per barrel well brant is trading at one hundred fourteen and part. of the stock's now european markets of reason on a better than expected economic data and strong earnings results thyssen

bulletin for this hour russia's state run rosneft could resume talks on cooperation with the british oil major b.p. the announcement comes just one day after their shares for an arctic exploration deal fell apart that was due to objections from a which is b.p.'s russian partner interior k.b. rosneft says it is now received a new offer from b.p. which goes beyond the original agreement however no details have been made public yet for its part they are also says it's willing to reopen discussions during his conference with the news media and skulk over president medvedev hinted that the government still saw he as a strong potential partner. the more you look at q do you think those who prepared the deal should have paid more attention to the details of the shareholder agreement the government should have done due diligence more carefully this was not cause difficulties among the shareholders and these troubles could have been avoided if apologies and comes with agreement. and if the deal does go through i will be glad this would also be good for russia so let's take a look at the markets now oil pri

b.p. explains the russian oil nation has given few clues as to what it will decide except to say it will act on its shareholders best interest. another hurdle looms in russia's eighteen year long marathon to join the world trade organization the e.u.'s land tax concessions offered to foreign carmakers to set up assembly plants inside the country the government wants to extend the program started in two thousand and three until twenty twenty which the e.u. says is against the rules and program has had some notable success with a number of the world's biggest car makers setting up operations here but w.t. entry is a matter of negotiation and kremlin may be prepared to offer the e.u. concessions on the import of agricultural products. let's move to the markets there's been some dramatic change over there because crude is down and now around all of the light sweet on worries about global demand. below ninety eight dollars a barrel brant is one hundred twelve and a hard. move good to see how the u.s. stock markets are reacting is also one percent down even though u.s. consumer prices rose a seaso

business thanks for joining me this the ration of russia's oil and gas which is back on track as oil major b.p. falls by the wayside state run rawson have to isn't talks with shell about becoming their new partner the nail in the coffin of the b.b.c. deal came with the russian energy minister saying the strategic alliance between wall snapped and b.p. is unlikely to be revived after the split ross now has been looking for a new partner with arctic drilling experience but a large b.p. shell says a share swap deal with rosneft is not an option shell already holds a stake in the gas prom led so highly into project russian spy east. russia's accession to the world trade organization has already taken almost two decades and is still not sealed however the process may get past the meeting a dative and barack obama discussed the issue at the g eight. but look if you're going your consumers we've discussed solicitous achieve improving economic cooperation between our countries and staking out russia is doubly cio excisions and they will be able to bring this procedure to an end and we need a new input

the exploration of russia's oil and gas rich arctic shelf is back on track as british oil major b.p. falls by the wayside state run rosneft is considering shell as a backup the talks come days after russia's energy minister said the strategic alliance between rosneft and b.p. is unlikely to be revived after the break off rosneft said it would look for a new partner with the proper technology to drill the arctic but unlike b.p. shell says the shares with rosneft is not under consideration shall already hold a stake in the gazprom shop holland to project in russia's foreign aid let's let's take a look at the markets now crude prices are trading moderately higher this hour weakness in the dollar is weighing on the market despite the us for rising oil inventories and disappointing economic data. across asia japanese stocks closed almost one of the saints in the black and energy majors among the top gainers riding on an overnight recovery on oil prices japan befalling corp and the world's five percent hong kong shares are also in the black after i read a losing streak the resource sector

the exploration of russia's oil and gas rich pic shelf is back on track as british oil major b.p. falls by the wayside state run rosneft is considering shell as a backup the talks come days off the russian's energy minister said said the strategic alliance between rosneft and b.p. is unlikely to be revived after the break of rosneft said it would look for a new partner with a competent knology to drill the arctic bottom like b.p. shell says the share spot with rosneft is not under consideration shell already holds a stake in the gazprom led holland to project in russia's far east. the south stream gas pipeline is in focus in brussels the main players behind the deal a lobbying european pal of parliament to give the final go ahead for the multi-billion dollar project the european commission says it supports in the pipeline but there's still a long way to go tatiana pollak over takes up the story from gazprom as moscow headquarters. has become a battle of wills with gazprom and it sounds trim partners on one side and the european commission on the other south korean say they're read

b.p. exploits the russian oil majors given few clues as to what it will decide except saying it will act in its shareholders best interest. another hurdle looms in russia's eighteen year long marathon to join the world trade organization the e.u.'s types concessions offered to foreign carmakers to set up assembly plants inside the country the governor wants to extend the program started in two thousand and three until twenty twenty which the e.u. says is against the rules the program has had some global success with a number of world's biggest car makers setting up operations here but w t o entry is a matter of negotiation the kremlin may be prepared to offer the e.u. concessions on the important agricultural products move to the markets now the bit of change in the commodities take a look at that while light sweet is actually now down ten cents when it was a growing rebounding from the previous session but brands is up still half a dollar over one hundred thirteen dollars per barrel. u.s. consumer prices rose assumes only just that a point before percent in april that was in line with expe

looking at it is a way for them to increase their portion of the tape of the crude oil that they're producing it. and thank you b.p. is looking to buy into one of the largest oil refineries in poland it has submitted a bed to ply around fifty percent a lotus the stake is worth half a billion euros thank you b.p. has no assets in europe that is trying to get better access to consumers that analysts say it's the right time for a deal as the profitability of all processing in europe is rising. now let's take a look at the markets whoa continues to rise on speculation that the global economic recovery will sustain even mog crude that's after the g eight said the world economy will strengthening with a we could go all the posting the appeal of kanada teams j.p. morgan expects opec to increase production quotas to meet global demand the one hundred dollars per barrel log brands is trading over one hundred fifty dollars but obviously. if you're a pike and already prices have given the market's a healthy boost it would seem is up on board eighty percent of the dax is point four percent and here in moscow the stocks of the