on russia, iea says russian oil exports held steady at 1.76 million barrels bets per day in.nd opec plus states oil levels could draw in the third quarter and 1.2 million in the fourth quarter with the risk of driving prices still higher. there you have it. luckily, we have someone with us to tell us more about the report the head of the oil market division from the international energy agency. wonderful to see you thank you for joining us i'll start with the first sentence of the report which caught my attention. world oil demand is scaling record highs to me, that feels a bit at odds with the mood and sentiment on the ground we hear about the falters chinese economy and macro headwinds. you say this report is seeing world record highs >> good morning. it is true we hear concerns about the world economic climate in june, we had oil demand at the all-time high at 103 million barrels. we expect further gains in august and the end of the year china is driving the growth this year in global oil demand. 1.6 million barrels a day of growth from china alone out of the more than 70%

but i have to say the report iea , who are liz report by the iea, who are liz truss's favourite, thinkot a complete success, vast amount of success, is a vast amount of codswallop and i your codswallop and i hope your viewers recognise it as such. there's suggestion there's no there's no suggestion at all keir starmer is at all that keir starmer is going pass to the going to pass a law to the effect described. and say effect described. and i'd say the whipping up really the iea is whipping up really divisive attitudes over trans issues in order to buy itself publicity. >> it's nonsense. absolutely not true. and what i will say and i will let you jump in, but what i will let you jump in, but what i will say is that the report is fundamentally about free speech, which we are totally as an organisation option. obviously, different different different people have different perspectives, but we are completely we're liberals fundamentally and believe that these individuals have the right to wish. to act as they wish. >> so don't think the iea >> so i don't think the iea needs this drum up ne

japan's plans which are safe and in accordance with international standards, including critically the ieauclear safety standards. japan has coordinated closely proactively with the iea on its plans and they've conducted a science based and transparent process, one that we're satisfied with, with regard to the questions about iran. um i can't confirm the reports that you cited. what i can say is, of course, we would welcome any steps that iran takes to actually de escalate the growing nuclear threat that it has posed since the united states got out of the iran nuclear agreement. and of course, we've been very focused on that and president biden's determination to um sure that iran never gets a nuclear weapon uh remains rock solid. there is no agreement between us on nuclear matters. the agreement that we're pursuing to bring home those who are wrongfully detained in iran is an entirely separate matter that we want to bring to a successful conclusion. and that's what i'm focused on. i think it's important to note that even as we have been pursuing this effort to bring our americans home, we

the iea said manned in china has been robust and world oil demand surged to a record in june. investors are watching the potential for supply holds in the black sea. it's a really tough job for investors, economists, and policymakers, whether trying to figure out where inflation, and oil prices and energy prices are going. two top u.s. inflation metrics, the u.s. consumer inflation expectations and producer prices moving in opposite directions ahead of the next federal reserve meeting. our global economics and policy editor kathleen hayes is with us. what does it mean for the fed? kathleen: the fed already had a very big decision to make, july of the last meeting, september. there have been two months between those meetings. four big reports, two inflation reports, two jobs reports, mostly talking about cpi and employment. consumer prices are important but they are right behind cpi because they are wholesale. they don't cover retail. they don't cover what the consumer is doing. look at what is so interesting. ppi was up 0.8 percent year-over-year, a big jump compared to june u

jon: the bullish commentary from the iea which is helping oil and energy stocks. you have seen green in things like also dental. but you do have the underlying we this in technology and heavyweights like nvidia now under pressure for the first day in a row. then we have corporate stories we continue to track. ubs is moving away from government support as part of the credit suisse after transaction which has sat well with investors globally with ubs at this hour of 5%. now, we talked about the big deal between espn and 10 -- and penn. they shifted from barstool. david portnoy will be taking over again. matt: interesting move as well as ubs. let's switch to hawaii. rescue crews and aid on the way to lahaina, hawaii where wildfires killed at least 55 people and 7000 people remain unaccounted for. let's bring in the associated administrative constructor. first of all, what do we know about efforts to find these thousand people that are missing. anne: thank you for having me. our hearts go out to the families that have lost loved ones to this tragic incident and this w

we had the iea coming out saying demand in china looks robust. we are also seeing upside in oil prices overall. at the same time in the asian session, that is not really being sustained. annabelle: when you look at what will impact trading sentiment in asia today it is the focus primarily around what we see from china's economy, china's property sector the focus, very much still on china's country garden, the major property developer under pressure. a lot of bonds suspended in the session today. the focus is on what beijing will be doing, whether we see more stimulus officials are so far quite reluctant to issue widescale stimulus giving the -- given the ongoing debt even though we saw some issuance for local governments in the friday session. today most futures point to a weaker start, the aussie dollar fairly flat and the japanese yen very close to the 145 level we have not touched since the end of june. it is more an expression of the moves in treasury yields. it is also playing out now across the bonds space. the key we bonded, the tenured --

the understanding of all aspects of their program because they had thrown out the inspectors from the iea've removed the cameras from sites. >> so you would support a broader diplomatic deal and negotiations with iran to achieve that? >> absolutely. and certainly in the negotiations, as they're going forward, they are certainly critical. but the terms of the deal are absolutely important because last time we had an insufficient inspection regime. we had terms that were critical that expired. in this instance they appear to be careening toward a deal that would be informal, not subject to congressional oversight because we wouldn't know all the terms. and the last deal that came before congress for a vote, they had to disclose what the deals are. >> i remember. >> what we're concerned about is we don't want a secret deal with iran. >> should congress ban travel to iran? >> i think it should be certainly considered. i know you're going to have coming up one of the family members of one of the detainees, and i think her message is incredibly important, people should not be going to iran. >>

all of this as according to a report last month by the iea — the international energy agency.estment in these raw materials rose by 30% last year alone. that's topping $40 billion. but china, it's still accounts for 60% of all lithium processing. oh, boy, i tell you what, it's a big challenge. 0ne energy expert likens it to the imperial territorial tussles of the 19th century, known as the great game. today, it's a lively contest for natural resources, which may create losers as well as winners. and for decades, china has been striking deals with countries in africa and latin america, rich in critical minerals, and the need for mineral security is being rapidly understood elsewhere as well. we are currently in a new grade game whereby major economic powers, such as the eu, the us and china, are planting theirflag in places to secure a steady supply of critical raw materials. and today, that's china. why? because china, for two reasons, one, china has dominated the processing of these critical raw materials. so it offers a market to mining companies to export their product to c

the iea doesn't expect oil demand to plateau until 2032.gh prague in the city's annual gay pride parade. a number of local politicians and foreign diplomats joined the lgbtq+ event which is now in its 13th year. czech police say they were prepared to stop any attempt to disrupt the event and local reports say it passed off peacefully. the czech republic is far more tolerant towards gay people, unlike its conservative neighbours such as hungary, serbia and slovakia where there have been violent confrontations with far—right groups at similar events. stay with us here on bbc news. hello there, good evening. with low pressure close by for yet another weekend, it's been rather unsettled. saturday, again, blustery for the time of year with some blue sky and sunshine, as captured by our weather watcher in perth and kinross, but also another good scattering of showers, some heavy and thundery. very similar tomorrow weather wise, but the showers will be fewer and further between. less sharp in nature. still windy for the time of year, butjust not a

the iea doesn't expect oil demand to plateau until 2032.s here on bbc news. hello there. part one of the weekend was quite mixed with low pressure nearby bringing sunshine and showers. some of the showers were heavy and thundery in places. sunday looks pretty similar. we have still got the same area of low pressure nearby bringing sunshine and showers, and it will be breezy but not as windy as it was on saturday. this is the area of low pressure i am talking about sitting to the north—west of scotland. this feature will run in during sunday night and into monday across england and wales. sunday, though, starts off fine. some good spells of sunshine around the showers will get going most in scotland, northern ireland. some heavy ones for northeast scotland. better chance of staying dry altogether through central, southern and eastern england where we'll see highs of 22 or 23 degrees. generally, it's the high teens though further north, especially where we have the showers. and then this next feature starts to run into wales, south—west engla

the iea doesn't expect oil demand to plateau until 2032.wives, which says england needs 2,500 more, blaming stress and burnout. ali vowles has been looking at the situation in gloucestershire. little baby river is five weeks old and the apple of his new mum's eye. charlotte's very nervous about hospitals, so the midwife—led birthing unit at gloucester, which offers a much less medical environment, felt like the perfect place to give birth. but when her husband phoned to say she was in labour, he was told the unit was shut, due to lack of staff. it's scary being pregnant and it's scary giving birth, so not knowing where you're going to give birth or where you're going to recover, it'sjust... it's very anxiety—inducing. and equally, the midwives need support. you know, they shouldn't be stressed. they shouldn't be having to run around feeling like they can't juggle their caseload. at the end of the day, there's going to be mistakes made. babies will suffer for it. there are three birthing units in gloucestershire — one in gloucester, one in s

. -- the iea.0. tissue similar to the lining of the womb grows in other places such as the ovaries and fallopian tubes. in british asian communities, however, many women thought to be going untreated because of the stigma around discussing periods. emma snow has been to meet some of those trying to change that. lioness leah williamson, love island's molly—mae and broadcaster emma barnett had brought endometriosis into the spotlight. the condition causes period pain, bloating, nausea, fatigue and infertility to name a few. according to endometriosis uk, it takes around eight years to get diagnosed. it takes around eight years to get diaanosed. ., , ., ,, ., diagnosed. lots of trips to the doctors, diagnosed. lots of trips to the doctors. lots _ diagnosed. lots of trips to the doctors, lots of _ diagnosed. lots of trips to the doctors, lots of trips - diagnosed. lots of trips to the doctors, lots of trips to - diagnosed. lots of trips to the doctors, lots of trips to a&e, | doctors, lots of trips to

your reaction to the iea?ou see oil prices in the next four months and what will be the driver. >> thank you for having me back. we've been seeing record oil demand in 2023 over 2 million of down in the top the same time opec cut production by $2.7 million a day since last october so i agree oil prices are going to continue to increase especially because saudi arabia is doing what it can to bring prices up to $90 a barrel to balance domestic budget considerations. >> let's put this headline out. this week we had predictions and they are pretty factually based, the u.s. will hit production record of oil, crude this year. we are pumping out more than ever, a narrative people would love to say this administration is forcing us not to pump but we are pumping out a record amount day. shouldn't that temper this price increase? >> it certainly will, some production cuts enacted by opec plus but not the whole story because it's simply not enough to offset 2 million barrels a day. other places in the world are seeing i

the iea doesn't expect oil demand to plateau until 2032. david waddell.results on thursday. it's crucial that students get the right advice on the day, especially for those with unexpected grades as they work out what to do next. amy cole has been finding out how clearing advisors are being trained. hello, university of birmingham clearing hotline. abs, hello, university of birmingham clearing hotline.— clearing hotline. a bit of help to prepare — clearing hotline. a bit of help to prepare for— clearing hotline. a bit of help to prepare for the _ clearing hotline. a bit of help to prepare for the special- clearing hotline. a bit of help| to prepare for the special role he will play. george woakes at university college of birmingham in customer relations but he is currently being trained to use a software that will enable him to help prospective students when they call to discuss courses after receiving that a—level or btec results. the day will be pressured and he wants to be well—equipped to handle it. taste well-equipped to handle it. we want to well—eq

the iea doesn't expect oil demand to plateau until 2032. in some countries paying 13% of their monthly salary on menstrual products. a bbc pan—africa investigation has found ghana is the worst affected. gem o'reilly reports. these zimbabweans are celebrating receiving period products. forsome celebrating receiving period products. for some girls, celebrating receiving period products. forsome girls, it will be the only ones they get all year. will be the only ones they get all ear. . ., . will be the only ones they get all ear. , ., , ., will be the only ones they get all ear. , .,, ., ., all year. this has an impact on economic— all year. this has an impact on economic growth, _ all year. this has an impact on economic growth, particularlyl economic growth, particularly socio economicjustice and so, if we want to bring about women empowerment and the eradication of period poverty, we need to pull in all our collective voices. pull in all our collective voices-_ voices. in 2019, she successfully - voices. in 2019, she successfully got - voi

the iea doesn't expect oil demand to plateau until 2032. david waddell.any attempt to disrupt the event and local reports say it passed off peacefully. the czech republic is far more tolerant towards gay people, unlike its conservative neighbours such as hungary, serbia and slovakia, where there have been violent confrontations with far—right groups at similar events. that's all from me, do stay with us. good evening. with low pressure close by for yet another weekend, it's looking rather unsettled again. blustery for this time of year with blue sky captured in perth and kinross and a good scattering of showers. some heavy and thundery. similar tomorrow weather—wise. the showers will be fewer and further between. less sharp in nature, windy, but not as blustery as today. this is the satellite picture, showing us the area of cloud. low pressure very much dominant, gradually pushing further eastwards through the rest of the weekend. and we look towards the south—west on sunday night, where there's more rain approaching. but tonight, a lot of the showers fad

. >>> and the iea raised the forecast for the global supplies and moderated the demand due to potentialfor prices within a more balanced oil market. >>> vietnamese maker vinfast will trade on the nasdaq as soon as next week as soon as black spade signed off on the merger. >>> shares of archer are growing after several lawsuits and teaming up on production >>> and news corp dipping into the red despite the earnings beat with the company expressing confidence in artificial intelligence after digital revenue accounted for half of total revenue for the first time on record. >>> let's take a look at what is happening with the markets with regard to the large cap and midcap if you look at the year-to-date basis, it is the large cap companies and technology companies. s&p up 16% midcap up 10%. russell 2000 up 9% there is a catch-up trade starting to develop. we are seeing a tick lower in the market caps out there. with regard to the near-to-medium term sector rotation and you look at the one-week basis, two sectors in the s&p have been energy and health care which is up 1.25% and 2% technology

the iea doesn't expect oil demand to plateau until 2032.and girls paying 30% of their monthly salary and menstrual products. a, bbc salary and menstrual products. a bbc investigation — salary and menstrual products. a bbc investigation has _ salary and menstrual products. a bbc investigation has found _ salary and menstrual products. a bbc investigation has found ghana - salary and menstrual products. a bbc investigation has found ghana is the worst affected. these zimbabweans are celebrating receiving period products. forsome are celebrating receiving period products. for some girls, are celebrating receiving period products. forsome girls, it are celebrating receiving period products. for some girls, it will be the only ones they get all year. it has an impact on economic growth, particularly socioeconomic justice. so if you want to bring about women empowerment and the eradication of period poverty, we need to pull in all our collective voices. in all our collective voices. in 2019, this woman _ all our collective voices. in 2019, this w

even as inventories come in light, we saw draw according to the iea. let's take a look at the nasdaq 100. we are all focused on tack, waiting for the all-important nvidia earnings after the bell. they are already up, nvidia shares more than 200%, year to date. they have tripled to $1.1 trillion in market cap. at the bottom, you see nvidia trading 2% up, 465 point 31. all the analysts we say say the expectations are so high that they really need a strong beat to power the stock further. amd right now up 2.5%, netflix up 4.5%, being driven by belief that the crackdown on password sharing is going to continue to drive subscriber growth. here the top, the nasdaq 100 gaining 1.5%, the broader index getting a boost from all of the optimism coming out of ai. of course the ai-driven rally is the reason we are paying such close attention to nvidia. earlier we caught up with evercore's ralph schloss time to get his take on the ai effect. >> the interesting thing about ai is that, unlike the internet where you have these incredibly powerful companies that were cr

the iea and opec released reports later this week that should provide a snapshot of how tight the oilthe fact that they have broken the high of a350 made in april means that those doubters who thought opec efforts to prop up the oil market wouldn't work have been proven wrong. we've seen wheat fall back a bit after rising dramatically earlier in the week. again because of the situation in the black sea. there does seem to be a bit of moderation there. haidi: european futures spiked on news of a possible strike action from workers in australia. >> that's right. workers voted to strike. if they go ahead, it would be the first time that has happened in 30 years. it's not a certainty at the moment. it is ensure that it's definitely going to happen. almost all of the workers on the production side voted for a range of industrial accident that includes a potential strike. there should be seven days notice before it happens if it happens. the workers want improved pay conditions. they want to stop the outsourcing of jobs to contractors. negotiations not in a good place at the moment. it's a

why people are bullish on oil prices, read the update from the international energy agency today, the iealks about opec supply cuts happening at a time where macroeconomic sentiment is improving >> yeah. and you know, time is always out there. even though it hasn't come through yesterday, francisco of b of a said the price of russian crude has been on the rise it's filtering through the whole line >> right and we'll start talking about europe's winter yet again. >> yeah, exactly >> if things don't change. there's the opening bell some negative red this morning at the big board is delmonaco's restaurant, celebrating its brand reopening in the financial district at the nasdaq, jet.ai, a private aviation and a.i. company celebrating its listing via spac mike, you mentioned yesterday the number of times we had crossed the 4,500 mark >> it was six straight days. it's going to take more than a 1% gain from here to get us there. you know, i don't know that 45 necessarily was some really significant level but it did sort of serve as the spot where we were struggling it's in the 4,430s is where th

iea realized we hardly ever talked.ou can't talk about america without talking about racee and space. y you a can't talk about america without talking about the west. that defines us. our epic poem should be based on lewis and clark. that's when things started going bad or good. what fascinated me about lewis and clark is the fact that york was there with him and became an interrupter for some of the groups he encountered. he had ait facility with language. partth of being african is the ability to adapt quickly or you will die. you have to make quick will die. that was survival. that's why my father left south carolina. he found it safer to be in korea oror fullness of his humanity in south carolina. the war would be safer than beingg a citizen and claiming your rights of citizenship to give you an example of this. i wishan he lived long enough to see this i got a call and they picked my november eli didn't nowhereun it was. school for the blind in the late 1800 outside of spartanburg. this wasol the first state from t

. >>> oil prices are likely to go up again in august according to the iea as oil demand reached recordeason is because saudi arabia has tightened supply. joining us bob mcnally, author of crude volatility, the history and the future of boom bust oil prices good to see you. it looks like we're kind of settling out here in the 80s if we head upwards of 90 wouldn't saudi respond with some production and take advantage of those prices >> hi, kelly, i think we're in as we discussed a couple of weeks ago a bullish move here. we think oil prices, crude heading well into the $90 range, 100, entirely possible on a dailyd daily print before the year is out. it will be choppy. oil prices are climbing a wall of doubt and skepticism. traders were head faked by the lack of the russian disruption last year. and there are plenty of macroeconomic risks. we're dancing in a macro minefield now with that rate hike and so forth. so skeptical. traders are not buying into it fundamentals are fundamentals. opec plus is going to put a huge deficit into the market in the second half. we're starting to see that,

. >> iea has said that bank >> the iea has said that bank should hold off.should wait for these previous interest rates to take effect before raising them any further. it says it's going to inflict more economic damage doing things this way, is that something you'd agree with? >> i completely i completely agree with that. and the other thing that , you know, is allied thing that, you know, is allied to that is that the government is completely out of ideas of how to grow the economy. you know, we could all deal with inflation more easily if our businesses were growing, if our wages were growing and we were flourishing. but we're not and we're caught in a kind of doom loop where the cost of living is very high, government debt is very high, government debt is very high, government debt is very high, taxes are very high, andifs very high, taxes are very high, and it's not paying to work. we've got this broken labour market that i mentioned, company is are not investing because they're being taxed very highly rich . sunak made all that rich. sunak made all that

they are growing into a new story and finding that the audience is already therapeutic and so iea want to be careful around thinking that it's just sort of a matter of time. while t i do think some audiencs are coming to a space where they are ready to hit hear that, i think the other part was these are simply not audiences that folks wanted to talk to peter i'mm not just talking about our classic tourist population. if i think about my background and my family african-american come we're we are really o go to the big cost and how great that the counselors t but that's not quite the tour we were looking for and that audience has always been there and so the way i think about this time is, is using it to help us balance the actual reality that tourism is your main one of your main industries, it was a fear if we change the storyea will people still come? now that we know people still comean when you change the stor, that kind of take that off the table but what i think i see happening now is i see indications that people will not come if you don't change the story what i'm noticing is t

they added that the iea was a role model of sharia in the world, according to this british delegationourse, we went to mr ghani and other members of the delegation asking , do you believe this? do you support this? we've heard nothing. and the nhs, particularly this south london nhs trust, they've also not provided a statement . provided a statement. >> well, i'm joined by dr. taj hargey, been on the program before, many times with us, provost of the oxford institute for . are you in for british islam. are you in favour of what the taliban do? no absolutely not. >> and for example , two weeks >> and for example, two weeks after they seized power , we had after they seized power, we had after they seized power, we had a big demonstration outside downing street to protest the seizure coming to office. and we had no mainstream support. you know, the press ignored it. and so within two weeks, we were already saying this is going to be disastrous for the afghan people and particularly women. and we were just ignored. so from the go, we realised from the get go, we realised that is not spea

they added that the iea was a role model of sharia in the world, according to this british delegationourse, we went to mr ghani and other members of the delegation asking , do you believe this? do you support this? we've heard nothing. and the nhs, particularly this south london nhs trust, they've also not provided a statement . provided a statement. >> well, i'm joined by dr. taj hargey, been on the program before, many times with us, provost of the oxford institute for . are you in for british islam. are you in favour of what the taliban do? no absolutely not. >> and for example , two weeks >> and for example, two weeks after they seized power , we had after they seized power, we had after they seized power, we had a big demonstration outside downing street to protest the seizure coming to office. and we had no mainstream support. you know, the press ignored it. and so within two weeks, we were already saying this is going to be disastrous for the afghan people and particularly women. and we were just ignored. so from the go, we realised from the get go, we realised that is not spea

the iea had some demand forecast for the year which would put us at a fresh record, jim >> i had one last night. >> yep >> buying mlp, but they are -- the nat gas business of one oak is on fire, which is terrific. i had embridge on the day before they own the big pipes out of the permian that magellan doesn't own, and these companies are on fire, and no one cares because people think one day, we'll wake up and there is going to be no nat gas and no oil, but i think this nat gas price could be breakout. if this thing takes out three, you want to buy coterra, because they have a dollar cost for nat gas. think about how much money they're making people didn't like the quarter i thought that was silly the stock's on fire. >> only commodity up more from the recent lows is orange juice. >> i know. rice is very high. >> and rice is having trouble too. >> but i've got to tell you, i think nat gas breaks out here. we stopped talking about the war. >> the war is just so horrible >> just horrible >> cluster munitions are actually working for ukraine, reading "the journal" today. it was just the

by the iea says that trans activists demands to shut down is a major threat down dissent is a major news britain's news channel, that warm feeling inside from boxt boilers, proud sponsors of weather on . gb news. weather on. gb news. >> good morning i'm alex deakin and this is your latest weather update from the met office for gb news most places having a fine day today. the winds a bit lighter than yesterday as well. some areas cloudier than others. and there is a little bit of rain in the air across the west coast wales . rain in the air across the west coast wales. 1 or 2 rain in the air across the west coast wales . 1 or 2 spots of coast of wales. 1 or 2 spots of light rain drizzle possible light rain and drizzle possible and likely in and further showers likely in western . the odd one western scotland. the odd one across scotland, maybe across southern scotland, maybe northern but northern ireland later too. but for places it's going to be for many places it's going to be dry fine . sunny again across dry and fine. sunny again across southern , much of southern england, much o

so the international agency, as international energy agency, as we all know them, the iea said that theched 103 million per day june million barrels per day in june , exceeding the previous record of 102.4 million barrels per day before the pandemic . there's a before the pandemic. there's a huge for oil as ever, and huge demand for oil as ever, and it doesn't seem like it's going anywhere. is using so anywhere. and china is using so much all of our efforts to much that all of our efforts to even to cut down would seem like a drop in ocean a drop in the ocean comparatively, as i understand from comparatively, as i understand froryeah, as you said. >> yeah, as you said. >> yeah, as you said. >> that's right. >> that's right. >> apparently i found out >> yeah. apparently i found out that obsession that esg, this obsession with esg, kind of nullified. oil esg, is kind of nullified. oil investors . and i actually got investors. and i actually got that from leo because i've got no clue about this story. >> that's how desperate i am. >> that's how desperate i am. >> what do you think? well, y

, and michael kille , at the iea, and michael kille, ceo of night—time industries association.n. i don't even know where to start. i'm going to start with ed davey pitcher, because i'm sorry. he's the leader, the sdp, the lib dem leader. just in case anyone's wondering , leader. just in case anyone's wondering, i'm going to i'm going to with you , brian, going to come with you, brian, first on this one. i look, it's women's football. we see celebrating what they're doing in stead. is it being politicised ? oh, absolutely . politicised? oh, absolutely. >> and i think that, you know, fundamentally you've got to start with the fact that start off with the fact that they're well. they're doing incredibly well. >> as a country need to >> and we as a country need to be incredibly proud of them for what they're doing . what they're doing. >> but mean, these calls for >> but i mean, these calls for a bank are absurd they bank holiday are absurd and they really hurt economy . really will hurt the economy. >> colleague, jessop >> my colleague, julian jessop at the predicted it at the is

so the international agency, as international energy agency, as we all know them, the iea said that theched 103 million per day june million barrels per day in june , exceeding the previous record of 102.4 million barrels per day before the pandemic . there's a before the pandemic. there's a huge for oil as ever, and huge demand for oil as ever, and it doesn't seem like it's going anywhere. is using so anywhere. and china is using so much all of our efforts to much that all of our efforts to even to cut down would seem like a drop in ocean a drop in the ocean comparatively, as i understand from comparatively, as i understand froryeah, as you said. >> yeah, as you said. >> yeah, as you said. >> that's right. >> that's right. >> apparently i found out >> yeah. apparently i found out that obsession that esg, this obsession with esg, kind of nullified. oil esg, is kind of nullified. oil investors . and i actually got investors. and i actually got that from leo because i've got no clue about this story. >> that's how desperate i am. >> that's how desperate i am. >> what do you think? well, y

justice kagan: so the queson i suppose, is why -- iea i took your answer, which i welcome, to be yes, of course, the 10 percent plans are constitutional. but i guess i wonder why, given our -- most of our constitutional doctrine, that would be so. mr. strawbridge: well, i'm not so sure that's the currate of the law, especially with city of arlington. i, under mt. healthy and its precedent, if the government can adopted the -- the -- the have facially neutral program anyway, then i don't think that there's liability for intentional racial discrimination in that case. justice kavaugh: so, if they're -- if you prevail here, let's say, and a university develops three race-neutral alternatives to consider in the wake of a decision here and they choose the one 's going to lead to the highest number of african american students and they choose that race-neutral alternative for that reason, is th okay? mr. strawbridge: if that was the only reason that they choosing it, i think that that would -- that woulire, you know, obviously, an analysis of what the evidence that was brought to bear in an

>> well, matthew lesh is director of public policy and communications at the iea and thinks the levyht, emma, that's a controversial statement. why >> because ultimately this is money that is given to people unearned and we have to have some form of taxation and it is hard and harder to justify giving people who are older and older because thankfully we are living longer and longer and therefore inheritance is coming to people not when they're in their 20s and 30s and might need a start, but when they're in their 50s and 60s. both of my parents are still alive. if i inherit any money from them, it will come to me in my 50s at, you know, at the earliest. this is not the time that i need to be handed a whole bunch of free money that i've done nothing to earn other than being born to the right people. so you've got to have this system which thinks about the least punitive way of taxing people. and frankly , taxing people. and frankly, taking a small amount from a very small amount of the highest level of estates, and then redistributing that and making sure that every 100% of citizens g