andy hall and kevin o'brien will be sticking with me.oming up, another big reason it is hard to trade oil. u.s. shale. the future of production and how it impacts the market. this is bloomberg. ♪ ♪ alix: i'm alix steel, and this is "bloomberg commodities edge." we saw the first victim of lower oil prices, parker drilling. the company has filed for bankruptcy. are we at the breaking point for u.s. shale producers? my guest are still with me here on set. the chart i want to bring up shows what you are talking about, which is the discrepancy between forecast for production in shale versus the reality. there is a big difference. how do you follow that and what does it wind up looking like going forward? what does the number look like going forward? kevin: the big delta that you have here is that you have the eia coming out with numbers then do an initial release, then they will do a revision. you immediately have a seven day lag. then revisions can come out 30 or 45 days later. imagine that if you were an equity trader. trying to be able to

orbital insight is a solution -- traditional traders by kevin o'brien also joins us here on set.hanks. so great to see you. i can't believe andy hall is here in person. you have the analysis and you have the trading expertise. let's dive right in. the question in the market is that 1.2 million barrel a day cut from opec plus, is that going to make a significant difference in the markets and to prices? from the lens of your data, have you figure it out? >> the basic basic problem that we have is when people talk about opec cuts or out of the u.s., what is the aggregate number you're speaking about? what we did is we said, let's map out the total storage across the planet. it is about 24,000, 25,000 tanks in the u.s., china, and opec. when you look at opec, what is the actual supply level that you are seeing in opec but distill that down to the contributor countries. you will start to see divergent patterns. if the saudis say they are going to cut back, you can see increasing supply levels. or those inventories going elsewhere. what are the iraqis doing? what are the iranians doing

kevin o'brien has been coming to midway for a decade to survey and retrieve the debris. auled away last month. >> o'brien: these nets are almost always made of some sort of plastic. once they've been weathered in the environment, they can become very brittle. >> alfonsi: whoa. >> o'brien: and can easily break down into... >> alfonsi: little-- >> o'brien: ...microplastics. >> alfonsi: wow. so this looks like it's breaking apart and going away. >> o'brien: right. >> alfonsi: but it's not. >> o'brien: but it's not. ( war sounds ) >> alfonsi: long before plastics invaded midway, u.s. forces repelled a japanese assault in the second world war. the japanese had hoped to use the islands as a bridge to the mainland. the american victory there in 1942 was a turning point. today, there's a monument to the americans who died in the battle of midway. and if you tour the islands, you find relics everywhere. decaying artillery, derelict hangars, and beneath the water, the rusting skeletons of old warships. and, of course, evidence of the new battle underway here. >> o'brien: we've been

romaine: that was oil investor, andy hall with kevin o'brien and alex on bloomberg commodities edge. take another quick look at some of the headlines we got after hours here. we have earnings out of adobe systems. the stock moved slightly higher today. cosco also coming out earnings. their shares are dropping 3.6% despite having revenue beat and eps beat. starbucks also beat on earnings, but their shares are moving lower in after hours. down about 2.7% -- 2.27%. this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ mark: i'm mark crumpton with bloomberg's first word news. man hasofficials is a been k

o'brien of the facilities division, mr. anthony tave, our facilities manager, and mr. mark mateus and mr. kevin millani from the department of public health occupational safety division. so i am here to provide you an update regarding the current condition at 606 and our current testing efforts. i would like to start off with a recap of our department's initial meeting with the employees of building 606 that occurred in july as this is going to frame my presentation tonight. so on friday, july 27, members of the police department along with members of the department of public health occupational health division t safety team, excuse me, and the environmental health division met with members of and employees of building 606 to address concerns regarding a recently written newspaper article regarding the cleanup efforts at the hunters point naval shipyards. as a result of that meeting, we came away with several takeaways that the department committed to doing. and before i go into the items, i want to stress that the department of public health has assured us and continued to assure us that build