even the fights over control of libby as most important resource, which is oil between the oil company, the national oil company and the newly formed ministry of oil. even these 2 could not get their act together because one was controlled from the east and the other one was controlled from the west. and each government would have their own p, people in these ministers in these organizations. so the general framework at the political level at the national level is in existence where there is some hope of electoral politics or politics is more the municipal level that has worked much better in libya. and it's no surprise because municipal politics were quite active, even during the days of the regime. so they had the libyans have a lot more experience at that level. there's walk a days to go until the elections in these circumstances are militia on the streets . will the election happen, do you think and in fact, in not serve intimidation, should they happen? i don't think they will happen and unfortunately, and it's just, these militias will not permit. and you can imagine it will be difficult for p

but i'd go more international and when you look at the low cost spaces, you look at the national oil companiesre we're seeing the capital spend. you've seen announcements from aramco we see the low cost spaces seeing an increase in spending going forward in the next few years. >> as you know, okay, we have sort of taken on your friday rig count as almost a weekly economic indicator but you guys are so much more than that. and you're a huge, by the way, just signed a big l and g deal so congratulations on that you're doing work in hydrogen. do you feel like almost because we talk so much about rig counts that baker hughes as a stock maybe doesn't get the understanding or the investor love that it should? do people fundamentally misunderstand your business? >> you said it, not me >> it's our fault. >> look, baker hughes is an energy technology company and the portfolio and the capabilities we have go far beyond the rig counts and when you look at the portfolio we brought together in 2017, it really allows us to play in two business areas one is the upstream and obviously driving efficiencies for

african countries, as well as haiti, nepal, and some central asian nations to help them cope with the pandemic. the norwegian oil company, acro b. p. 's says it plans to acquire the oil and gas services of sweden's london energy. the merger is valued. i close to $14000000000.00. the company will be the largest operating purely on the norwegian, continental shelf, and a new heavy weight to rival nor waste state owned energy giant equal nor, and just stays after the electric truck maker nicola delivered its 1st vehicles the company has agreed to pay $125000000.00 in a fraud settlement. the us securities and exchange commission had charged nicola with misleading investors about its products. technical could keep a capacity in business prospects. nikolai, which would public in 2020, confirmed the settlement with days to go until christmas santa might be somewhere out there worrying about how to deliver all his presence with his team of reindeer. meanwhile, and finland, just north of the arctic circle. real reindeer herders are struggling with a much bigger problem. climate change is threatening their very livelihood. when a

oil companies. now, that was not for ethical reasons, that was because we wanted to have diversification risk, because the nationm companies on top. we have kept the integrated oil companies and we think that the way to solve this problem is to have an active dialogue with the companies and be part of this transition, the energy transition. we don't think — somebody needs to own these companies and we don't see any problems byjust selling out of the like of bp and shell and so on, where it gets much more valuable and much more powerful to be an active owner and to have a constructive dialogue with these companies. so, this notion that since 2004, yourfund was going to be "an ethical investor", it only seems to go so far. for example, i think you still have a big holding in exxon. now, we know from recent reporting in the united states that exxon stands accused by investigators — even by american politicians — of covering up research from within its own company about the impact of oil on man—made climate change over many years. you haven't even divested from exxon. well, we own stakes in 9,000 companies. i unders

african countries, as well as haiti, nepal, and some central asian nations to help them cope with the pandemic. the norwegian oil company acro b. p. 's says it plans to acquire the oil and gas services of sweden's london energy. the merger is valued. i close to $14000000000.00. the company will be the largest operating purely on the norwegian, continental shelf, and a new heavy weight to rival nor waste state owned energy giant equal nor, and just days after the electric truck maker, nicola delivered its 1st vehicles the company has agreed to pay $125000000.00 in a fraud settlement. the us securities and exchange commission have charge. nick, allow with misleading investors about its products. technical keep keep the capacity and business prospects. nikolai, which would public in 2020, confirmed the settlement with days to go until christmas santo might be somewhere out there worrying about how to deliver all his presence with his team of reindeer. meanwhile, and finland, just north of the arctic circle. real reindeer herders are struggling with a much bigger problem. climate change is threatening their very livelihood.

and paul and some central asian nations to help them cope with the pandemic, than a region oil company, acro, b, p. 's says it plans to acquire the oil and gas services of sweden's london energy. the merger is valued. i close to $14000000000.00. the company will be the largest operating purely on the norwegian, continental shelf, and a new heavy weight to rival nor waste state owned energy giant equal nor, and just stays after the electric truck maker nicola delivered its 1st vehicles the company has agreed to pay $125000000.00 in a fraud settlement. the us securities and exchange commission have charge. nick, allow with misleading investors about its products. technical keep keep the capacity and business prospects. nikolai, which would public in 2020, confirmed the settlement with days to go until christmas santa might be somewhere out there worrying about how to deliver all his presence with his team of reindeer. meanwhile, and finland, just north of the arctic circle. real reindeer herders are struggling with a much bigger problem. climate change is threatening their very livelihoo

african countries, as well as haiti, nepal, and some central asian nations to help them cope with the pandemic than a region oil company accurate. b, p says it plans to acquire the oil and gas services of sweden's learned and energy . the merger is valued. i close to $14000000000.00. the company will be the largest operating purely on the norwegian, continental shelf, and a new heavy weight to rival nor waste state owned energy giant equal nor, and just days after the electric truck maker and nicola delivered its 1st vehicles the company has agreed to pay $125000000.00 in a fraud settlement. the u. s. securities and exchange commission had charged nicola with misleading investors about its products. technical could keep a capacity in business prospects. nikolai, which would public in 2020, confirmed the settlement with days to go until christmas santa might be somewhere out there worrying about how to deliver all his presence with his team of reindeer. meanwhile, and finland, just north of the arctic circle. real reindeer herders are struggling with a much bigger problem. climate change is threatening their very liveli

oil and coal companies go bankrupt. she also said she want today nationalize banking and she has written a lot about communism.ssman david kustoff, congressman, great to see you this morning, athanks very much, your reaction with her withdrawing the nomination? >> it was the right thing and you think about, you set it up perfectly. president biden essentially nominated a marxist to be the comptroller of the currency. the comments she made not only 30 years ago in the soviet union but within the last year about the industry that she would have been in charge of essentially, as comptroller referring to it as i'm not going the say the word on tv as a blank industry, that should concern anybody and everybody coupled with the comments that she made about the energy industry and energy companies that essentially we should let them go bankrupt and i don't know how president biden can justify nominating somebody like that to be a representative of his administration overseeing financial institutions in this country. maria: well, i mean, i think you have to question the president's judgment. he also comes out with a st

path were nobody is being incentivized to pump oil, and that is why you are seeing the kind of discrepancies between demand and supply. national companiesve to drill, but because of the price crash last year, budgets have been absolutely hammered, and that is why there have not been enough rigs put into the world. caroline: we into spate baker hughes, of course. i am interested in your perspective of wti versus brent at the moment. not much from a price perspective, but could that widen at any point? what will get us there? amrita: i think it could actually narrow over the course of next year if what we talked about with u.s. production disappoints. right now the u.s. is almost pricing because all the oil from the u.s. is coming to europe and asia, in part, and i know you were talking about madame lagarde over there, because natural gas prices are so high in europe. it has become a pull, but if u.s. production doesn't grow as much, u.s. refiners are going to want to pay up to keep those barrels at home, and that is why i think wti and brent can actually narrow. caroline: talk to us about gas prices. we saucing in drops in europe as russ

company expects prices to go back at the next year. predicts the national average price will increase around $.30 per gallon. it will peak around may around 3.79. it is all based on the oil production right now. a new wearable device can break into the fitness marketplace. the ring i move i know, measures things like heart rates, sleep, respiration, blood oxygen levels. although there are competing pieces of tech doing similar analysis, the company says it plans to focus on detecting chronic illness. >> alarms will be sounding on mine everywhere. >> minority goes crazy. i can only imagine. >> i don't have that much memory. as we have got the cloudy skies over much of the bay area. missed out there. not much beyond that. you guys are reporting light rain. everybody from santa rosa in the north, san jose and south, just looks like a guest skies. we look from the top of the mark hopkins out for the golden gate bridge. still not bad. in midwinter here in the bay area. the height of doppler showing that we have got a few light showers that are being picked up. but, not much as we showed you a minute ago. low pressure is up over idaho. this week little impulse is going to be c

according to the national weather service, the storm is now shifting toward canada with wind, snow, and more hazardous conditions. >> juan, meanwhile a houston-based oil companyened right off the coach of long beach back in october. ultimately it spilled 25,000 gallons of crude oil into the ocean. the company now faces fines that could cost millions of dollars. amplify that with a single misdemeanor count of illegally discharging oil. investigators believe rupture was caused by a cargo ship's anchor, but they failed to respond to a leak detection system with alarms over a 13-hour period of time. they believe that faster action could have minimized the spichl workers on and off shore responded to what they believe were false alarms because the system wasn't working properly. they say it was signaling a leak on a platform where no leak was. >>> and there's a new host for super bowl liv right. this stadium opened last year. it's completely air-conditioned with an open space that the fans just love. they generate it would generate money for the region and the date is set for february 11th, 2024, jose. >> any chance the miami dolphins will be there? >> reporter: t

nation's moral company. ah, so all of those stores to come, but we're going to start with iran, which is insisting that the united states and its allies allow it to export its crude oil. this is as negotiations on restoring the j. c. p. o. the 2015 nuclear deal. continue in vienna, rounds of foreign minister, her saying amira. abdulla him was told journalists that iran's main focus is to lift sanctions and a process that guarantees away for it to export its own oil. has room to move it as best suited? one of the topics on the agenda for the ongoing nuclear talks is a guarantee and verification of sanctions remove. the most important thing for us is that words and issues should take us to a point where iran's oil is being sold without any barriers. and it's money arise in our bank accounts in the form of foreign currency that we should be able to enjoy full economic concessions that have been defined under the nuclear deal. the map more on the 14th century bowery in vienna with those talk they happen. and also how do you think this statement will be received? because obviously the western powers are always keen to focus almost exclusively on the nuclear issue. well fo

oil prices, they are down today. take a look there, $75.62 for wti. this as analysts expect gas to hit a national average of $4 a gallon by this summer. let's get reaction from drilling companyllc ceo dan eberhardt. dan, great to see you. oil is one of my passion topics. i've been following it for a long time. bottom line is consumers are paying 60% more for gas. the pain at the pump is crippling some families, you know, and the forecast is it's only going to go higher from here. >> yeah. the best year for oil and gas or oil since 2016. but i think it's headed higher. look, one thing that's been overlooked, i think, is we discovered 4.7 billion bail -- barrels of oil equivalent, in 2020 it was 12.5 billion barrels of oil equivalent. i think that combined with inflation, the rising economy and just a general lack of oil company expenditures in the last few years is, i think, a perfect brew for oil to head higher especially as the economy heats up or continues to be hot. jackie: dan, you make a great point. production and exploration are down in the united states. why? >> yeah. well, because the companies, the investors wanted to see capital discipline from oil companies espec

companies while competing with none of them. opec-plus will proceed with a scheduled oil production hike. the group agreed to 400,000 barrels a day of crude to global markets, which should please nations, including the u.s., worried about high prices, but that also left the door open to changing the plan at short notice. that unusual step underscores risks from the pandemic. the u.s. has reported more cases of the omicron virus variant in new york and colorado. five cases have been confirmed in new york city and mayor bill de blasio says people should assume the new strain is spreading. the u.s. state, meanwhile, reported more than 11,000 infections, the most six -- the most since january. global news 24 hours a day on air and bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: oil prices may keep rising until inventory pressures these next year. david: a massive tumble in the debut of grab. we look at the roads ahead here for the super app. that's all coming up this hour. this is bloomberg. ♪ >> i certainly would be supportive of a committee decision to move the end of the taper forward from where people had b