narrator: the eia identified three chinese and one kenyan syndicate involved in the operation.these findings helped build momentum for the 1989 international ban on ivory trade by the convention on international trade in endangered species, or cites. roberts: when you have a global, uniform, and unequivocal prohibition on the trade in elephant ivory, a number of thgs happened. the prices for ivory dropped because the market dries up, and the market dries up because it becomes taboo to have this illegal product. and when the market dries up, there's a disincentive to poach elephants and kill them for the ivory. narrator: after the cites ban, elephant populations began to stabilize. thornton: and everyone said there's elephant babies everywhere. and it was like a genuine miracle, where the dramatic decline of these magnificent animals was stopped. roberts: but what happened after that was tt southern african governments, namely botswana, namibia, and zimbabwe put incredible pressure on cites parties to reopen a quote/unquote limited ivory trade, allowing stockpile sales from stoc

eia, the official energy statistics. in december 2019 we were producing 12.9 million barrels of oil a day. in december 2021 we were producing 11.5 million barrels a day. a 1.5 million barrel per day drop since december 2019 at the end of the trump administration. the fact is we are not producing as much oil as we could and we could ramp up our oil production to easily replace what we're not getting from russia. >> harris: that's critical to know. the facts matter here. our enemies look at that and they know the truths. venezuela knows we can do a jig today because america will buy some oil from us. maybe iran is thinking the same thing. the saudis are listening to the president get ready to beg for more relief from opec. >> what are the chinese thinking? the chinese are thinking oh boy, we get to sneak in some russian oil because we can go under the radar, get the oil at a discount while americans are spending a fortune more on oil we get oil cheaper here by dealing with the russians. >> harris: peter doocy correspondent

followed by the eia crude oil inventory report. p.m., german cpi data is released after that strong print from spain. with the latest u.s. gdp figures released at 1:30 p.m. at 3 p.m., the u.k. prime minister is due to appear before the parliament liaison committee where he is to be questioned on the war in ukraine, the awarding of a peerage to the honor of the evening standard newspaper. later today the richmond fed president speaks on investor confidence on investing in rural america. and whether we get more commentary on the 50 basis point hike that markets are pricing for may. francine: we had a great conversation with kristine aquino. if you bring that board up again, i am interested in hearing what the u.k. gdp figure looks like. you wonder whether that inflation print with gas, and i am interested in u.k. gdp which is next week. whether we are going into stagflation is interesting. tom: the boe is interesting, and markets priced in cuts by the boe in 2023 because of the slowdown in growth. ok, onto all things russia coming up

exxon mobil investor day at 9:00 a.m., eia crude oil inventory report at 10:00 a.m. 6% overnight increasen wti, the highest level in some cases going back to 2011 at one point overnight. how do we go to either faster production? do talk about that? do you come this as a temporary shock? the pandemic is moving to an endemic phase and people want to go out and actually spend and travel. not a clock a.m., you finance ministers holding an emergency meeting by videoconference. how much is it going to be dominated by how to deal with the ramifications of some of the sanction so far? it is not just oil, not just crude. natural gas in europe has gone vertical. it is shocking to see some of the moves. 60% overnight. prices more than double in just a couple of sessions. how do they deal with this at a time when it is not clear where they can get other gas prices, other than russia and ukraine? jay powell delivers his semiannual testimony before the house financial services committee. people have been pulling back expectations for rate hikes. you can see this in the rate hike expectations for the ye

eia oil inventories. and curious to see how much we've really drawn down in the united states. how much has the fundamental story changed? is this a trading distortion, or is this something edified by the data, edified by the supplies starting to build up again? i'm really curious to hear not only from the covid president, but the u.s. commerce secretary. this comes after an agreement between the u.s. and the united kingdom on removing steel and aluminum. how much is this the new normal, trying to reward all the allies and even frenemies to gird the economy for a possible disruption from the conflict of the russian war in ukraine? jonathan: a conversation you don't want to miss. we have had a massive move in the markets lower. more than 70 basis points on the month so far for a two year yield. deutsche bank pointing out we are on course for the biggest month in the game going back all the way to 2004, and this equity market has been rallying. chris, let's start right there. why are we rallying in the face of what we are seeing play out in this bond market? >> i think there is a

go to the eia. google eia. everybody wants to gets the facts.ou want to know about energy. gas prices have been going up long before we had russia was on the radar. they started right after joe biden was elected because remember when he was running for office he said he was going to go to war with fossil fuels and that's what he began on day one with the cancellation of xl. cancellation of leases all over. another point the administration does fast talk on that's not really accurate. they say we have 9,000 leases and the oil companies have the power to drill on these leases. a year ago we had 37,000 leases. so the fact that it has come down to 9,000 tells you a lot. oil companies will go in to lease these properties on government property without knowing whether there is oil there or not. we had 37,000 leases a year ago. why is it down to 9,000? that's the question to ask jen psaki. the answer is because a lot of oil companies are saying one, there are so many restrictions put into place by this administration on everything that they are going t

also we get the eia crude inventory report. the push-pull of supply-demand is incredibly important at a time when you do have russia really in question right now. how much can the u.s. increase supply, and how quickly are people drawing down inventory at the time we are still talking about a recovery from the pandemic? jonathan: we have an opec meeting soon as well. lisa: tomorrow. it will be interesting to see how they address russia, how they talk about increasing input, especially after our interview yesterday where they are saying, look, we judge everything in we are being prudent. jonathan: see if they last longer than 13 minutes this time. thank you, lisa. 11-day winning streak for apple. the longest winning streak since 2003. seema shah joins us now. what do you make of this rally in tech in the face of what is happening in the bond market? seema: i think a lot of it is covering, but there is still that fundamental story. although there is some upward movement and bonds, it is probably near the top. a strong balance shee

we get the eia report. it comes at a time when gas prices are hovering around the highest ever in the united states. how much do we see them subside as we see prices come down on the broader market? how much is this basically a pause? jonathan: lisa, thank you. let's start the market conversation with thanos vamvakidis. can we start with these headlines from the kremlin? no breakthrough in ukraine talks. looking at the inflation bank drop in europe. pushing double-digit in spain. do you have a decent understanding of the reaction function of this ecb? thanos: the ecb is facing a difficult challenge. the war in ukraine, the energy shock is impacting the european economy. growth will slow substantially. the ecb would have liked to start monetization, but with the war, for now they want to keep their options open. we do believe we start hiking by the end of this year, that they cannot go as fast as one would have expected even a surge in inflation. tom: i'm interested in where the next big figure move is. the

eia said recently there are zero imports of russian crude into the united states last week.y reason the united states is able to cut off russian crude coming here because we have a strong domestic supply of crude that we produce and natural gas that we produce right here at home. the issue that is going on in europe is they don't have that supply. they can't cut off russian imports into europe because they are so dependent on it. we cannot be in the pos that europe is in today and i fear some of the policies that are being pursued right now by this administration are putting us on a road to more dependence, not independence from an energy perspective going forward. >> harris: two powerful things you said there. you have been topping off the resources so we wouldn't have to spend money on the estimated 670,000 barrels a day of crude from russia and it started last week. even before the president spoke there were things in motion, the market tairking care of itself is how i like to put it. the other thing you said that hit me there was how much domestic supply there is that we

according to the eia, we're at record diesel prices, averaging $5.13 in the u.s here to discus this is today. and first of all, why are diesel prices still so high we haven't really seen them ease yet. >> well, because the demand is out there. quite frankly. you're not seeing an ebb off in the demand for diesel. the demand for moving freight and therefore demand is strong prices is going to stay high >> this decoupling effect a little bit from gasoline and i don't know if it's going to continue, but to your point, donald, what does it mean for truckers who are facing now the prospect of a lot higher fuel cost people have raised the kinds of protests we've seen in recent decades over similar problems saying there were times that people would literally stop driving trucks shut down routes go out of business we've already had such a supply chain problem. this now adds another element to it >> it does and it's pinching margins for all truckers what happens is if you look at any level of diesel prices, the fuel surcharges that are in place, those programs essentially completely off set the

this means at will, eia -- and now russia can have military deployments year around.ting an archetype that may be very similar to north and south korea. they'll occupy this area, and leave this unoccupied. >> richard, thank you for walking us through this. >>> in the next hour, will joe biden's speech in europe hit home with americans? that and more when "american voices" continues. but, a reporter who has spent countless hours studying why qanon maintains a strong hold on the gop is with us after the break. break. so, you found the no7 then. it's amazing... hydrates better than the expensive stuff. i don't live here, so i'm taking this and whatever's in the back. it's already sold in the us. but i'm not taking any chances. the uk's best kept skincare secret. ♪ limu emu ♪ and doug. we gotta tell people that liberty mutual customizes car insurance so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! thirty-four miles per hour! new personal record, limu! [limu emu squawks] he'll be back. only pay for what you need. ♪ liberty, liberty, libe

now "newsweek" took a look at eia data. its findings that the purchases are higher than realized.,000 barrels a day. edward lawrence is in washington with more. reporter: liz, we're hearing a growing number of democrats who are now saying the u.s. should ban russia energy coming into this country. oil companies operating in the u.s. are already saying they will not accept russian oil. listen to what some of those most critical of the fossil fuel industry are saying now. listen to this. >> right now we're trying to impose restrictions on russia. russia will feel painful restrictions in response to that irinvasion of ukraine and indiscriminate bombing of civilian targets. so i think it means it all should be on the table, including banning the i am port of russian oil not just here in the united states but among all of the nations. reporter: other moderate democrats agree. adding, sass senator joe manchin should be supplying world energy, not russia. >> we're the superpower of the world. we produce our own energy needs and help the rest of the allies when in need. that is where we a

we are headed toward the eia crude oil inventory report later this week.een pressure for copper and iron ore prices, as well as china's covid-19 battle continues. we are also watching gold, close to the $2000 level. but still under pressure this week as bond yields climb with the global bond routes, as well. we are continuing to watch nickel and aluminum trading, as well. surging nickel prices threatening to dent the oil industry ev ambitions with metals caught up in war-induced supply worries and the short squeeze sending prices to record highs. our next guest is negative on ev margins, noting not only nickel, but all battery metal prices can be elevated. goldman sachs head of auto research joins us. speaking earlier this week to robert friedman, he told me how worried he was about the electric acacia. that the whole transition to ev's is a fraud, because there are not metals being mined. what is it doing to automakers? >> thank you so much. clearly, it is having negative impacts for auto and electric vehicle industry. the price has taken about 10% of the

because the ms eia asia gauges down a 20% from its 2021 peak.ese levels, we are talking about entering a bear market. this as we continue to see the accelerating losses in u.s. futures. this after we saw most of last week the s&p 500 seeing losses, given of course tensions around the invasion of ukraine. it gold near 2000, while crude continues to rally. coming up next, we look ahead to the start of trading in china and hong kong, as the risk of a fresh crackdown by beijing could overshadow the impact of russia's war on emerging markets. this is bloomberg. ♪ shery: take a look at the markets right now because we continue to see euro futures, stocks sliding 32% at the moment after european stocks had the worst week since march of 2020 at the onset of the pandemic. traders trying to impact with the impact of the war in your credo and the prospect of a new regulatory crackdown. let's get to our reporter, sophia a coastal, who will give us an outlook of what to expect the china open. sophia? sophia: there is a lot that china cannot control obviously

in january 12th the eia which is the official statistical organization of the government put out a forecast saying crude oil prices will fall in 2022 and 2023 so they were forecasting a drop in oil prices, not an increase so next time austin tries that you have something to go on. cds can i add to what david is saying? lots -- let's assume the biden administration gets ig policy. let's say they said we will allow draining, jen's sake is talking about that and allow the building of the keystone pipeline was i talked to three major oil objectives who say they won't do it. they don't trust this administration was when you have any ministration that wants to bankrupt the oil and gas industry there is an investment to get these rigs back up and running and that is part of the problem. if the industry doesn't trust them we are not going to get the increased oil and gas output we should. the lng terminals are essential. so glad you brought that up. under trump, you could see the tankers leaving the ports of the united states headed to europe. that isn't happening because we can't liquefy the gas s

this according to the eia.berg built a survey coming into this number, it was expected to fall by ticks hundred thousand barrels. we are many orders of magnitude higher in terms of the draw we are seeing. pay attention to this. obviously what is happening right now is we are seeing significantly higher prices. we are through 120. nearly 121 on brent. we are seeing oil prices rising sharply. then you throw in the geopolitics. the debate in europe over whether or not we are going to see oil sanctions, gas sanctions being applied to russia is raging right now. about to enter that debate is president biden. he is on his way to europe right now. he took off a little while ago. he is now on his way across the atlantic. he is going to have a summit in brussels with european and nato leaders. plus, he is then going to go to poland. obviously, poland front and center in this growing fud crisis. and poland front and center when it comes to the issue of the hawkish end of the spectrum. let's go to poland now. aggie crane

the biden administration's eia says developing companies are going to need between 44 and 80% increase in natural gas, that developed countries are going to need between 31 to 58% for developed countries. he said you're going to see increased demand in global energy of 50% over the next 28 years. i've told you this before. i too would love if we could just make everything magically run on pixie dust. i would. right now that's not possible. the biden administration says it. we've shown before if we stop producing what other countries reduce, we can't divide energy policy strategies that are designed on nothing, that are designed on pixie dust. we can't do that. >> thank you. >> you just spoke for two minutes without any recognition. i'm just asking for the same courtesy. >> i'm going to have order and i'm going to adjourn. please wrap it up. >> madam chair, every democrat member of this committee voted against banning russian oil. every member of -- yes, it is true. voted against motion to recommit, voted against my amendments in committee. the only president in recent time over the las

imported only about $4.7 billion in oil last year, according to the eia, and russian energy representednergy imports, including natural gas products most american companies have stopped taking russian oil already. that's a byproduct of the white house stelegraphing this move we heard this morning from the ceo of hass he's calling for 240 million barrels to be released from emergencily reserves. >> interesting comments from john hess, where he was talking with brian sullivan. he remains in houston for this week this really is such a small number, in terms every what we actually import from russia, but give us your take overall, including that great interview with john hess. >> thank you, david. the key is what exactly gets banned in this expected ban. it's not just crude oil. there's a lot of other things that are related to crude oil from russia. first off, let's go to the numbers. david, you're exactly right. the numbers are pretty small we're averaging last year about 6 million barrels a month of imported russian oil we use about 550 to 600 million, depending on the months. the number

we are looking at the weekly data out of the eia.een any demand destruction in the u.s it seems like from here the market could absorb higher prices >> jason, thank you for joining us today >> thanks a lot. >>> well, speaking of oil, travel companies of course have been re-evaluating their surcharges to cover that spike in oil prices. seema mody has that story. >> as the pandemic is waning, travel executives have to deal with the rising cost of fuel for the three cruise lines, the question is how quickly the three largest publicly traded names with offset with higher ticket prices. morgan stanley is forecasting an 8% price increase of the three royal is seen as the most hedged followed by norweigian back in 2007 when oil was over $100 a barrel, cruise operators responded with a fuel surcharge which was droppedin 2008 because it was seen as unpopular among customers. the prospect of a surcharge this time comes as demand has been improving in recent weeks, but still far off from pre-pandemic levels higher oil prices spells trouble for

net zero emissions by 2050 without biofuel. 98 percent of the cars on the road today use liquid fuel eia projects gasoline reflects fuel our vehicles willdominate new sales through 2050 . we can see progress in carbon reductions with today's infrastructure, today's vehicles and a homegrown supply chain a robust and binding renewable fuel standard and acceleration towards nationwide year-round use of lower-cost biofuel. today the rfs hazard is 1 billion metric tons of greenhouse gas emissions. expansion of biofuel cuts emissions, drives energy innovation and vital manufacturing jobs and lowers gas prices for american drivers. but since 2013 the rfs has been undermined through the use of waivers, small refinery exemptions and compliance deadline exemptions read most of these administrative actions would have been to appease the unfounded claims of a select few looking to subvert the rfs, slowing progress . epa's recent proposal delayed as they are right some of these wrongs. they include the required biofuel in 2022. a long overdue remedy for 2016 generalwaiver and an end to the abuse of s

the ukraine situation, sara this is reaching a point now as the footage comes in, the timing of the eia announcement today was ill timed because just as that came out, we saw that television tower area get struck by a missile reminding this market we're on a path here to greater conflict and ultimately, the market is already starting to believe that oil will be sanctioned oil from russia will be foreclosed from the global market here at some point. we're already seeing commercial activity reduced, particularly as it relates to russian exports via maritime assets, and that is already hitting the market and these are barrels that we cannot make up, so that's why this market is on tenterhooks and jumped so high today >> because i was going to say, it's jumping even though we have seen the power stop short of sanctioning oil directly so what are we talking about, john what is the expectation for how many millions of barrels come offline a day from russian energy production? >> well, at least several, so the export about five. 1.6 million goes through a pipeline from russian directly to chin

lankford: president biden's eia numbers for the next 30 years show that oil and gas usage worldwide will continue to increase past 2050. even president biden's numbers from his administration as they look at oil and ghost usage and the importance of rural eggo selects 30 years, globally, we will continue with oil and gas so i'm great the companies are still exploring and taking the risk in trying to find capital, when people are squeezed from capital because quietly, the administration is saying we need more, we need more, because the world needs more come but publicly, they say we need less. at some point, we have to address the doublespeak. dr. fauci made an interesting statement at the beginning of this. you ended your opening testimony with we have to remember to put materials first. can you explain on that sum? >> i want to support jonathan's point about the amount of effort it will take to do something like putting electric vehicles on the road. this all of the above portfolio or idea the people walk around with is very uneven. there are pieces of that that will take a long time to

yes, pedro, if you could, could you schedule an individual to come on and talk about the eia?nswer many of the questions in regards to petroleum and other liquids the united states imports and produces. >> that's the energy information agency. >> caller: yes, it is, you can go online american citizens and oil these statistics on oil prices, different countries we import and export. >> what did you learn specifically from that website? >> caller: prices, gasoline from 1920 all the way up to today. you could see the statistics of every president that's been in office and how the prices of fuel, liquidation have been produced under each presidency from this time period. if you look closely, you'll notice that every time a republican president comes into office, we produce less oil. >> okay. let's hear from willy in cincinnati ohio, independent line. >> caller: yeah, do you hear me? okay, pedro, i got one, maybe two issues here. can you get honest republican to come on and speak the truth, because you allow them to gaslight a whole lot of information and you don't cross examine th

now the eia has a metric called implied demand but our own gasoline consumption data showed another weeklylast week. stuart this is par for the course. americans are talking about high gas prices, but they're not yet changing their behavior with the exception of the west coast. that's the danger that could lead to higher gas prices than we've already seen. stuart: we hear you patrick duha n, great stuff thanks very much. left-hand side of the screen that's the gathering getting together for what they call the family photo of these 30 world leaders, they are just jaw -boning a little bit as they get in place. next one we've got california governor, gavin newsom. he has unveiled more details of his gas rebate. take us through that one. lauren: $9 billion tax refund for tens of billions of californians. $400 per registered vehicle in this state up to two cars per family, so your family would get $800. don't come until july so you've got to wait a little bit. no income limit, so the billionaires get the $800 too, and electric vehicles are included, and for californians that don't have cars the

eia data, no cushion in the oil market. since 2014. we are closing at 120.ou to get the same speeds and only paying $4.29 for cheaper iphone and that is interesting especially lower-cost countries like china and india which has 1 billion consumers. a new redesigned mac in some years, but apple fans, a superfast chip called the m one ultra and making the chip in the global chip shortage pretty aggressive on march 18th. maybe apple doing better than most. stuart: that chip, apple makes it themselves. stuart: they walked away from intel. look who is with us. gregory zuckerman, daughter of the trackers, the outrageous inside story with the billionaire wildcaters. very interesting book. if we allowed fracking in america, just go at it, how quickly could we return to energy independence? >> the us is the largest producer of energy in the world and it is due to the fracking revolution, in democratic and republican administrations. and he continues. it is difficult for them. difficulties in the energy world in the us are due to wall street investors, they don't want

according to the eia, the u.s. consumed 18 million barrels per day in 2020. the newly announced release would cover less than two days of domestic demand. roy is in georgia. good morning. caller: good morning. i have a small car and an suv. we drive the small car a lot more than the suv. instead of going into the drive and restaurants, we go in because it takes less time and we save more gas. i just want to mention one thing. if a watchman sees a sword coming and he doesn't warn the people, the blood is on their own hands. president trump warned nato and he warned germany about dependence on oil from russia. he warned of the increase in gas prices. all these warnings came before they manifested. i wish c-span would try to bridge the division in the country. he really could. if you would show some of the truth. we know for a fact that the truth is not shown on certain networks. if you would show trump talking to nato and warning them about this. that would do a lot to bridge this division between us. host: i'm going to show you from axios, who imports the most

again, that's what eia said.he united states last week before the president put this ban in place. american producers are patriots. we want to make sure we're supplying the world with both natural gas and oil during this time of crisis and we don't want russian oil in the american market. dagen: mike, can i ask you a more. just one more quick thing. do you need to message the fact -- i started saying this the first day that joe biden took office, that our energy prosperity is economic security and national security. that when you try to you attack our energy economy, you're handing power and prosperity to nations that hate us and this was part of the reason with oil prices skyrocketing that putin invaded ukraine the first place. do you need to do a better job of communicating that to the american people? >> american oil and gas is a strategic asset to the american economy but it's also a tool for our foreign policy. again, imagine if the united states was still importing 60% of the energy that we need as we were

so eia expects we're going to have a million barrels per day increase in production this year.ecord levels of production. and rig counts have increased dramatically year over year. so we are seeing production come back. but what the industry needs and what the public needs is a signal from this administration that america is open for business, that we promote american energy development. that could have significant impacts on the marketplace, it could drive investment into producing oil and natural gas. look globally, we've had a he decline in investment in oil and gas production from $750 billion in 2015 to around 300, 350 today. the reason is -- part of that reason is supply and demand. part of that reason is market conditions. but a big part of that reason is administrations like the biden administration talking down oil of and gas, trying to accelerate a transition away from a product that we need today, we need it for consumer relief for the american people, we also need it for the security of our allies. you see that in europe right now. american oil and gas can make a hu

production isn't rising more, but yet the official government estimates, the eia is predicting recordferent issue because that volatility we just showed you in the pandemic a lot of oil workers have left for stable careers you're at 30, negative 30 and down and you're fired and rehired. so maybe a little harder to add production you know, prices go down, and what might happen? people may drive >> i hear your point on two fronts and we rode the oil booms and busts, and it was awful. and yes, oil production goes up when prices go up -- and when prices go down as far as politics why let facts get in the way >> well, there you go. and your dad would know more, by the way. i love that rocksford jocks. number one, they should understand the whole supply chain impact most oil producers, becky, do not make gasoline. some of the biggest ones do, but the majority of oil producers in america just make oil, sell it to a refinery. the refiners make the gas, and of course they sell it to distributor who sells it probably to another distributor who then sells it it to mom and pop. and along that sup

eìá■p &hc% >> jim, take the tax piece out do you agree executives é a into theirq■q■w■ own buybackç■u can see we turned in the bit on a monday. "squawk box" is coming right back >> announcer: "squawk box" is sponsored by bitwise, the world's leader in crypto index f■n■m9ñ sales are down from last quarter, but we're hoping things will pick up by q3. yeah...uhhh... doug? [children laughing] sorry about that. umm...what...it's uhh... you alright? [loud exhale] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contract prices around. [ding] get e*trade and start trading today. this is elodia. she's a recording artist. [ding] get e*trade 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, ca

even the biden administration's own numbers from eia, the official agency that counts up what they predicttates, that group from the biden administration he predicts we're going to have an increased need globally for oil, gas, coal, but the biden administration's determined we're not going to produce that here. that's going to be produced somewhere else. we're going to try to meet our climate goals here in the united states but we're not going to actually produce it here in the united states. we're going to import it so. the biden administration is very focused right now on making it more expensive to do export of natural gas, harder to be able to do natural gas pipelines, harder to be able to do drilling or impossible to be able to do drilling on federal lands as they continue to be able to block off new lease sales and they hide behind their 9,000 leases out there, use those, they know the game with that, that they have one plot of land an oil or energy company is exploring in they had that area, but they won't do large amounts of capital for the region unless they fill in the checkerboa

according to the eia, the u.s. consumed 18 million barrels per day in 2020. the newly announced release would cover less than two days of domestic demand. roy is in georgia. good morning. caller: good morning. i have a small car and an suv. we drive the small car a lot more than the suv. instead of going into the drive and restaurants, we go in because it takes less time and we save more gas. i just want to mention one thing. if a watchman sees a sword coming and he doesn't warn the people, the blood is on their own hands. president trump warned nato and he warned germany about dependence on oil from russia. he warned of the increase in gas prices. all these warnings came before they manifested. i wish c-span would try to bridge the division in the country. he really could. if you would show some of the truth. we know for a fact that the truth is not shown on certain networks. if you would show trump talking to nato and warning them about this. that would do a lot to bridge this division between us. host: i'm going to show you from axios, who imports the most

caller: could you schedule an individual to come on and talk about the eia, and they will answer manyn regards to petroleum and other -- host: the energy information agency? caller: yes. american citizens can go online and google all of these statistics of petroleum cost prices, liquidations that come from different states and countries that we import and export. host: we did you learn specifically from the website -- what did you learn specifically from the website? caller: the price of gasoline from 1920 all the way up through today. you can see the statistics of every president that has been in office, how the prices have been produced under each presidency from this time period. you will notice every time a republican president comes into office, we produce less oil. host: ok. willie in cincinnati, ohio on the independent line. caller: can you hear me? host: you are on. caller: i have one or two issues. in the future, can you get an honest republican to come on and it speak the truth. you allow them to gaslight a lot of information and you do not cross-examine these guys. it makes

followed by the eia crude oil inventory report. p.m., german cpi data is released after that strong print from spain. with the latest u.s. gdp figures released at 1:30 p.m. at 3 p.m., the u.k. prime minister is due to appear before the parliament liaison committee where he is to be questioned on the war in ukraine, the awarding of a peerage to the honor of the evening standard newspaper. later today the richmond fed president speaks on investor confidence on investing in rural america. and whether we get more commentary on the 50 basis point hike that markets are pricing for may. francine: we had a great conversation with kristine aquino. if you bring that board up again, i am interested in hearing what the u.k. gdp figure looks like. you wonder whether that inflation print with gas, and i am interested in u.k. gdp which is next week. whether we are going into stagflation is interesting. tom: the boe is interesting, and markets priced in cuts by the boe in 2023 because of the slowdown in growth. ok, onto all things russia coming up

lancaster: if you look at data ovided by wwf, global witness, and eia, you find that not only are we going into a record-breaking year of land defenders murdered to protect their forest and environment, the u.s. economy is depressed by about $1 million due to illegal logging imports, and illegal logging is the third-largest trans-national crime. goddard: a tree, in fact, is more complex than we know. it has more chromosomes than we have. it can easily be a victim because it may be illegal to take that species, depending on what genus and species it is or where it's located. lancaster: trees can be poached just as any sort of traditional wildlife can be poached. if you can't identify it, you can't protect it, and so our goal is really to develop a database that can be used, hopefully one day, by anybody in the world in order to do this sort of identification to help them fight illegal logging. huff: a lot of cases we've had, it's very difficult to prove that wood was obtained illegally once it gets processed in a mill or once it's removed from the national forest. basically, we have a