methane is a potent greenhouse gas and a main component of natural gas . children who live, learn and play near oil and gas operations face higher risk of exposure to oil and gas industries air pollution. across our nation more than 3.9 million children go to school within a half-mile oil and gas operation. my children attended the mars area school district where there are gas wells and network of gathering pipelines. the closest wells that have been tracked are approximately half a mile away from my children's school campus where 3200 students help us risk. well and gas operations in a climate warming methane and also harmful volatile organic compounds otherwise known as bacs. those can contributeto ground-level ozone or small . smog is among that triggers asthma attacksand increases lung infection . children have a higher respiratory rate than adults thus can be exposed to higher rates of air pollution than adults my boys play outdoor sports and i'm very concerned about what they are breathing into their still developing lungs. in addition the ocs such as

methane is a potent greenhouse gas and the main component of natural gas. children who live, learn if play near oil and gas operations face higher risk of exposure to oil and gas industry's harmful air pollution. across our nation more than 3.9 million children go to school within a half a mile of an oil and gas operation. my children attend the mars area school district where there are gas wells and a spider bug network of gathering pipelines. the closest wells that have been fracked are approximately a half a mile away from my children's school campus where # 3,200 students' health is at risk. oil and gas operations emit climate-warming methane and also harmful, volatile organic compounds otherwise nobody as concern known as -- [inaudible] smog is a lung irritant that a triggers asthma attacks and increases lung infections. children have a higher respiratory rate than adults and, thus, can be exposed to higher rates of air pollution than adults. my boys play outdoor sports for school, and i'm very concerned about what they are breathing into their still-de

and there's a come accumulation with natural gas with asia.news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. guy: over the last hour or so, it has started to get really, really ugly out there. this has been one of the best trades so far this year. stocks have done well. it is unwinding and unwinding rapidly right now. you've got wt e-trading at 99.20. we are sub 100. we're down by 8.5%. crude is trading at 103. we're down by 9.25%. we've got the gas story we need to factor in all of this. ciara is joining us right now. i've got crude down by 10% right now. can you give us an insight on what is happening next? >> it is, especially considering that investing at stock and refineries was the only the last scape for most the investors. so, that has been --ed a impact on oil prices. but obviously, the gas prices is different, especially the european region. but on the oil, the recession, the economy slowdown and the global reduction of oil demand is the major fear a

one, plan for the long-term to wean ourselves off of natural gas. that means we have to build infrastructure as fast as we can to replace natural gas and coal fired electricity. there is question about that. simultaneously, while putin is invading ukraine, short-term keeping economies from collapsing in western europe is a reality we have to face, as well. we ought to be able to do both of those at the same time, but the key is we have to wean ourselves ultimately long-term off of this infrastructure, and that means building other infrastructure. simultaneously, while we are responding to putin's war, we have to build infrastructure that will replace fossil fuels, that means solar, wind, that means advanced nuclear that we are developing in our state. it means more efficiency, and the advent of battery technology which is absolutely key to finishing the renewable portfolio that we intend to embrace. i think building the replacement is as important right now is as important at looking as -- looking at cessation of usage. both have to happen. >> you b

foreign coal is most likely to be displaced by natural gas, if we can get our product there. domestic gas producers tell me that they could could ruble exports in the next ten years. if our export policy was targeted at displacing foreign coal this would have the emissions equivalent of electrifying 100% of u.s. passenger cars, powering every home in america withdrew top solar and battery packs, and adding 54,000 windmills, which would mean doubling u.s. wind capacity. that would seem like a better investment to me if reducing global emissions was our goal, while also maintaining some kind of price stability and energy reliability. it seems like we can have it all if we want. so, my questions are for dr. kleinberg. you talked about russian gas earlier and some of the problems with measuring their gas and how we can compete with that. frankly, if a country is looking to purchase natural gas, should they purchased from the u.s. or russia? >> well you know, to be honest we don't actually know the answer to that question. i've studied the russians statistics very carefully and the

we have had the eu members having a political agreement to cut natural gas useage by 15% -- cut natural gas usage by 15%. natural gas prices, we see prices of the european benchmark surged around 12%. shery: it has been a wild ride, the plunge we saw in june and a monthly gains. what is the outlook? >> the u.s. is also having these twists and turns. the u.s. natural gas did a u-turn and a surge -- surged. we had a multiple factors contributing to that. on the demand side, we have seen the u.s. is going to see the hottest summer since 1950 and that will boost demand for the air-conditioning field and the power plants and that is natural gas. on the supply side we see u.s. inventories for natural gas 12% below the pope your average and that is given as supply chain concerns as well as the natural gas storage ahead of the winter season. today is special because we are one day ahead of the artist exploration -- august expiration date. that leaves volatility in the market and that is where we see such huge price moves in the natural gas markets. heidi: take a look at how microsoft is trading

we showed you european natural gas.e'll talk more about this with samantha dart soon let's get some headlines on the market's trading is julianna tatelbaum julianna, this natural gas and electric prices, they're stratospheric. what kind of attention is this getting in the british media right now? i just don't know how people are going to afford to heat their homes this winter. >> you know, brian, it is absolutely a top story and a major concern not only here in the uk but in continental europe what's interesting, though, is markets have been pretty resilient, which perhaps suggests a lot of the bad news is priced in or perhaps investors are waiting for more clarity on how the government or uk government will react if the gas situation worsens from here. as for trade this morning, we aren't moving high e so a lot more focus on earnings right now. for the most part, earnings have been relatively upbeat, relative to expectation, so every market is trading higher. we're seeing 0.4% of a gain. a bit of outperformance in ital

the us wanted to sell its natural gas. instead of germany buying gas from russia, which would have been quite natural, so we just cut off its pipeline was ready to run and there would be enough natural gas for europe , but we turned it off. there is also the nord stream one gas pipeline, which now carries european gas. the turbines that powered the gas pipeline were supposed to undergo scheduled maintenance. they were sent to canada for repairs. and canada held them illegally and said we weren't going to give them back to you, well the next thing that happened europe is yelling at russia and saying. hey, it's not fair that you're not sending us the gas you promised. canada wrongfully withheld turbines, turbines belonging to russia, which promised to repair, and then decided that now we will leave them, we will not give them to you, and therefore we always blame someone else. we're always looking for some way to blame someone in china russia iran or whatever it's bullshit. the fact is that the actions of the government in th

unfortunately, we have an extremely effective technology of heat pumps now to replace natural gas, which is not natural. it is dirty. there really is a reality we have to face. the gas that comes out of the ground and into our homes pollutes our home. children who live in homes with natural gas are 25% more likely to develop asthma. last week, there was research that came out that showed the carcinogens that come out of natural gas stoves are much more prevalent than we originally thought. benzene very dangerous carcinogen that comes out of your stovetop if you use natural gas. new science has shown natural sounds good, but it is actually dirty and dangerous. the health impacts are profound. when people start to find out there is, they are going to, i think, recognize and do an in-depth of stovetop cooking works really well. microsoft is renowned for the great food they have for their employees. they swapped out to go to inductive cooking. gas is fun because it is very both, but inductive is better unavailable. basically, we have the technology available to us. it is much better for indo

natural gas is 40% cleaner than natural gas. we could dramatically reduce worldwide greenhouse gas emissions by replacing russian natural gas with u.s. natural gas. colburn in china with u.s. natural gas, fueled the u.s. economy and reduce greenhouse gas emissions. just one example. host: are you saying, more drilling, more fracking? guest: i want to be careful. what we are saying is, look. right now, based on resources, innovation, demand, fossil fuels are a important part of world energy needs. if the world is going to consume fossil fuels, which they are, why not produce some in the united states where we do it cleaner, safer, better than anywhere else in the world? why are we shutting down u.s. production and encouraging production in venezuela, in a ran, in saudi arabia when we do it better and cleaner? i think that is something that conservatives want to discuss, we are with you. let's reduce greenhouse gas emissions, but do not rule out u.s. also fuels as a tool to reduce read house gas emissions. host: are you and your gr

some of the process has been sk, it's gasoline and natural gas pg inflation sticking point. >>> they still both have hands d two are s&p leaders right now. top five for the broader s&p any and apache, those are the two rd drilling equipment companies ann there as well. we got to tell you about the mof earning season and for that, brw trader kenny and scott. kenny, let me start with you, pt and sentedder at the moment. tuesday alphabet and microsoft s meta. thursday apple and amazon. kenny, you tell me which names e for the rest of the summer. >> listen, i think from the tece alphabet. i think when that comes out, evg about how these tech numbers wi. you read every story everyone i, they're all going to disappoint. markets going lower. if everyone knows they're goingy are they not rallying in the laf if they know they're going to d. you have to watch for alphabet. i known three of the four. facebook i don't own, never ownk or blog as far as i'm concerned. ones i'm looking at is apple. i think that's going to be the s the tone and one that i would bd certainly any long-term investot as

samantha dart's head of natural gas research at goldman sachs. ll us about european gas demand that prices have surged. where are we heading for the winter? samantha: we have seen industrial demand for natural gas down year to date about 17% year on year. that is already impressive. just a given how high prices are now, we would have expected july numbers to look a little lower. -- july demand numbers to look a little lower. look a little lower. we are not seeing that yet. from nord steam one, eyes sink a lot of look a little lower. we are not seeing that yet. from nord steam one, eyes sink a lot of market participants are waiting to see where it comes out to make their decision. shery: technical one. ultimately, when this returns, it will not dictate flow of gas. what we have seen, including the decision not to reroute the reduced flow via the ukraine, which was an option at shell, they opted not to do that. this stands for the interpretation that this is a bit of a political decision. shery: what is the flexibility of production for russia? give

according to the international energy agency, the world consumed four trillion meters of natural gas in 2020. assuming nations a dear to their paris agreement, the contributions will consume almost exactly the same amount of gas in 2050. assuming the world can do much better than this, satisfying the iaea sustainable development, consumption would be 2. 5 trillion cubic meters. no matter how optimistic you are, that nations will respect their paris agreement commitments, you must take methane emission reduction seriously. moreover, even after -- complete the methane problem will not go away by itself. biogas and bio methane production and transport have been sources a climate pollutant as well. it's a time honor truth that you cannot manage what you don't measure. epa relies on a mission factor methodology, which is now, sadly outdated. remarkably, over the last seven years american industry, academia, and non governmental organizations have worked together to find out how much methane the oil and gas industries are actually emitting. the results show, -- underestimates methane emissi

if you're using natural gas. and so our new scientists show, natural sounds good, but it is actually dirty and it is dangerous. and the health impacts are profound. and when people start to find out this, they are going to i think, recognize that doing and inductive stove top kicking works really well. you know microsoft, they are renowned for the great food that they have for their employees. and they swapped out to go to conduct of cooking. gas is fun because it is so variable, but inductive is even better, and it is available. so basically, we have a technology that is available to us. it is much better for indoor air quality, it prevents children from breathing carcinogens in your home, and it reduces climate change gases which are so dangerous right now. we have to weiner sold away from dirty gas, we are taking major steps to do that in washington state. and, at the same time, we are building one of the best economies in the united states. i always just that. a tragic finish a paragraph without talking about

one, we have to plan for the long term to wean ourselves off of natural gas. it means we have to build infrastructure as fast as we possibly can to reduce national gas, we have to do, that is no question about that. simultaneously, while putin is invading ukraine. short term keeping the economy from collapsing in western europe is a reality that we have to face as well. we have to be able to do both of those things at the same time. but the key is that we have to wean ourself off long term this infrastructure. that means building more infrastructure. while we respond to putin's war, we have to also build infrastructure that will replace fossil fuels. that means solar wind, that means advanced nuclear, which we are developing in washington state. that means more efficiency, it means certainly the battery technology, which is absolutely key to finishing renewable portfolios that we intend to embrace. i think that the building of the replacement is as important right now as looking at sensation of usage, both have to have instantaneously. >> you briefly ran for pr

ceo toby rice, a proponent for natural gas. erybody wants to bury the former chancellor angela merkel they say germany became addicted to putin's gas to their credit they're trying to get lg up and running, they're buying floating gas ships. how big of an opportunity is germany in the near and medium term for american gas producers? >> germany is a great example of how countries can receive new information, recognize the bad packets that countries were going down, and redirect to a better solution, and that better solution for their energy is going to be getting their energy from america we have an amazing solution to offer the world, not just europe we can increase our own exports in the united states by a recommended 50 a day that is an opportunity to quad grouple our exports, and that's going to have a tremendous influence to providing energy security to our allies around the world. >> it's going to take a couple of years to get a hard built terminal but what the chancellor said, he secured the only four lng ships in the worl

to replace natural gas. which isn't natural as the dirty. there is a reality we have to face. guess that comes out of the ground is dirty it pollutes our homes. our 25% more likely to develop asthma. last week research came out that showed the carcinogens that come out ofe natural gas stoves are much, much more prevalent very dangerous carcinogen comes back from stovetop abuse natural gas. our new science is showing natural sounds good but it's actually dirty and dangerous. the help impacts our profound freedom people start to find out this, they are going to recognize doing inductive stove top cooking does really well. microsoft is renowned for the great food they have for their employees. they swapped out to go to inductive cooking. it's fun because it's variable inductive is better and it's available for me have a technologych available to us. it's much better for indoor air quality prevents children from breathing carcinogens in your home. and it reduces climate change gases which are so dangerous right

natural gas is small. natural gas can ramp up very, very quickly, within minutes.ou can quickly ramp up natural gas. just run it as long as you need it. then switch it off again very quickly. natural gas is helping us accelerate the deployment of solar and wind. it can be very important. it will only operate for a small number of hours a year, a couple hundred hours a year. per hour, it is less emissions than coal and it's a very small number of hours per year that call on the gas generators. i don't think everybody appreciates that. there is a pursuit of perfection to say get out of fossil fuels completely. and eventually we will. but for the next 10, 15, 20 years, being able to call on natural gas to firm up the solar and wind electricity in a country like australia will enable us to develop and deploy solar and wind at enormous scale more quickly than if we cannot call on natural gas. i personally believe we will have a transition to lower emissions by using a little bit of natural gas when needed to support the department -- deployment of solar and wind. haidi:

we have seen this very rapid, very significant move down in natural gas prices, which, again, i thinkg away capital investment in the short-term and may lead to higher gas prices once freeport comes back online and as we get into the next demand season coming this winter. i think u.s. natural gas exported is fantastic for the world. i think having low natural gas prices right now is a huge advantage for the u.s. economy, and is likely going to help in the short-term, in terms of lower end costs, and maybe even bringing energy-intensive as this is an extra utilization versus europe. kriti: joshua young, bison interests cio. thank you. coming up, they call it the summer camp for billionaires. tech and media moguls are meeting once again in sun valley, idaho. we will give you the themes to watch. we go to london inc., england. -- london, england. boris johnson facing more questions, this time before the liaison committee. we are going to give you the headlights -- the headlines. this is bloomberg. ♪ mark: -- ritika: this is bloomberg markets. you are looking at a live shot of the princip

switching from natural gas to oil. i'm trying to use the european story to tell a macro story of the u.s. corporate earnings, dom, i'm speaking your language if europe's economy goes into the tank, what is happening to s&p? 10% of sales are macro europe for index. if those get whacked, what happens to multiples and u.s. dollars? >> a ton of experts are trying to figure that out thank you, brian a lot of conversation with the energy crisis in europe. thank you, brian. >>> coming up, bitcoin under pressure after tesla pulls a u-turn how much iduedndt mp a key take aways after the quarterly results. that's coming up after the break. my finances were all over the place. [door bell rings] and my banking relationship was getting well, complicated. hahaha! easy money. so, i broke up with messy accounts and moved my money to sofi. now i earn higher interest on my checking and savings, and bank, borrow, and invest—all in one app. feels nice being in control. break up with bad banking. get up to 1.50% interest, and bank, borrow,

i want to get to this natural gas story with john bussey, excellent writer. remiss if i didn't touch on this, the nat gas phenomenon where with prices have gone up more than 50% in the last month or so. demand in this heat wave, obviously, has a lot to do with it, but it is wiping out the gain that americans are experiencing now from this downward slide into regular gas for their cars. where do you see this going and the impact it could have? >> yeah. natural gas prices going up in part because of the war in ukraine and concern in europe that they're not going to be getting gas from russia in the coming months. and so a lot of natural gas from the united states is being diverted to europe away from asian customers x. so you're seeing prices rise because demand is there and supply is uncertain. the countries that are going to really get hammered by this, neil, are developing countries that rely upon natural gas markets for their supplies. prices are going up, and there's no clear indication when prices are going to come down again because that war in ukraine i

particularly natural gas. they're urging all european union countries to cut back consumption by 15%, this is natural gas. got us thinking of just gas, period. like fuel for your cars during the opec embargoes and the gas cries of the 70s. remember odd and even days? why what is happening in europe could be signalling what could be happening here and soon after this. >> neil: all right. the markets have been doing remarkable things as of late. you don't want to get ahead of it and say the buyers are back, the bull is back. far from that. it's a wild ride. while we focus on the dow, it's up 48 points. more remarksable, what is happening on the tech rich nasdaq. up 1.5%. if you're counting from the lows, it's up 11% from the lows. a lot of the individual stocks that comprise that average are still in bear market territory. some not much better than a correction. the one big development certainly had to be tesla. after the bell, it reported some earnings and revenue numbers that beat the street. the stock is up a

and in import suppression, natural gas on like oil rush, it doesn't get as much revenue from natural gas sales. it's still significant, obviously, and it should be curtailed as much as possible to cut off, you know, financial lines to support russians, aggression in ukraine. but you can see that the, the energy system is much less valuable on the natural gas side, meaning that although there's that wouldn't be shipped out there. it's not like oil in so cutting off natural gas to europe is in the very short term really a tool that, that because of lack of diversification in countries like germany over the past several years and building up projects like north street one in north spring too it's been in a strategic vulnerability in terms of, you know, the situation it finds itself in. this is why hooton's pulling this lever out because in 18 months and 24 months, he won't have this leverage anymore. who understood the suppose it upside to this energy crisis. it's accelerating. they transfer to green energy. is that actually happening? i think there is, but the, the problem that we have

the natural gas liquefaction plant as part of the sakhalin-2 project was launched in 2009. the then japanese prime minister taro came to open it. this is a historical moment when russia becomes ours constructive. a partner in the asia-pacific region now that the current government of japan is openly participating in the sanctions war against russia, people here are wondering what this policy promises to ordinary japanese already, this coming winter, if the supply of 6 million tons of liquefied natural gas from russia stops, then the choice of means. ours is extremely limited. in fact, option two and both are painful. the first is the forced shutdown of power supply to factories and apartments. true shutdowns. adoption of the law on restriction use of electricity, the second is the search for energy sources. in japan itself, they can become nuclear power plants, the only problem is that after the accident at the fukushima-1 nuclear power plant, nuclear power generation. in japan, it almost completely stopped due to the need to modernize power units. if you launch them now, t

start with natural gas so the germans of all people built two terminals to receive natural gas.hey shut down nuclear power plants. that's a great idea, wasn't it? it makes you more depend on russia but they are finally waking up, they are willing to receive natural gas from america to not have to buy it from russia. well, we have policy provisions being stopped. we could have a bridge from america to export natural gas which is cleaner, great job here about tomorrow like to preserve. interest on the debt about 17%, the rest is medicare, social security. count me in for coming up with a logical plan belong to answer this, you have a speaker at 3:00, it won't be me. i like him a lot and i miss an. india to play, an idea for conservatives if you go down to low carbon road, make sure people follow you. we need a positive agenda to show people it doesn't have to be this way. you don't have to live like this. you don't have to live with broken borders, get a mortgage on your car, your house to fill up your car, get nothing for $100 at the grocery store. there is a better way. the bett

nominally sovereign state not to open the nord stream 2 pipeline the us wanted to sell its liquefied natural gas. instead of germany buying gas from russia, which would have been quite natural, we just cut it off. although the pipeline was completely ready for operation. and then gases. enough for the whole of europe we always blame someone else. we are always looking for a way to blame someone in china, russia before or where you are yet it's not their fault. the fact is that the actions of the government. the united states is simply irrational and causing huge upheavals. but i think this is a serious vyacheslav alekseevich

the affects on the market, it is important to mention that nord stream one is feeding the german natural gas primarily. in germany we see 30% or 40% of the gas is for the industrial sector. what we are seeing now is germany is likely to have a kill switch on the industrial sector hence reducing their demand on the -- in the industrial sector and giving more of the natural gas to the commercial and residential sector for heating purposes. i does what we will see. now, if the halt is continued. so far, if the flow comes back in two weeks time, that is the plan but it is important to be prepared for the worst case scenario. gina: how prepared are the markets for this worst-case scenario? you talk about the likelihood for an extension of the maintenance, is that already priced? and if not what level have we priced the increase? ole: this is why you see the natural gas prices in europe bouncing up and down like a tennis ball. it is insane. we have never seen these kinds of movements in such a short. period of time. barrels of oil, around 330 u.s. dollars which is huge. i think the market is nervo

you know, we have more than $200 for natural gas in asia. know, we are all focused on movement in the crude oil price. we still have super tight crude oil market with very strong liquidation, the strong price of the september and october contract has a premium of $4 over the other. and the real spot price for crude oil is trading at $108 per barrel it is super high we are focused on oil at the moment which is the issue at the moment >> i wonder when the ukraine/russia war first kicked off and reaction from the international community came out, there was an understanding, right, that the energy markets would go higher because of the immense pressure put, sanctions wise, on russia. do you believe the russian energy story for crude oil and nat gas as everything else is the lynch pin, if you will, to the global energy markets? if something doesn't happen with russia, what happens to the energy markets as we approach the all important winter season? >> it is important to emphasize that russia is the world's biggest energy for fossil fuel exporter

that brings us to the big take which focuses on the natural gas side, specifically in europe and how the new cold war. we bring in intelligence analyst covering the oil and gas space. this trade-off you are seeing between natural gas and oil, from an investor point of view, seems to be front of mind. to what extent are these rallies actually at an extremely vulnerable place if we see a recession manifest? >> they are at a vulnerable place because if there is recession, there could be demand destruction. for now, the prices are high and we expect them to stay high in the near-term. the recessionary risk is the biggest threat. jon: i want to come back to russia in the crude market. we have talked about russia being the wildcard. how much of a wildcard is russia? talon: russia is the ultimate wildcard because they have europe. europe imports so much from russia and we have seen curtailed shipments to certain countries and they have maintenance coming up, i believe july 10, and there are worries the nord stream pipeline might not come back on right away. they definitely have europe. some

natural gas is 40% cleaner than russian natural gas. so we could dramatically reduce worldwide greenhouse gas emissions by replacing russian natural gas with u.s. natural gas. coal burned in china with u.s. natural gas. improve the u.s. economy and improve greenhouse gas emissions. host: are you saying more drill, more fracking? guest: i want to be careful. i know we're sometimes branded as drill, baby, drill. but what we're saying is look, right now, based on resources, based on innovation, based on demand, fossil fuels are very important part of world energy needs. and if the world is going to consume fossil fuel which they are, why not produce them here in the united states where we do it cleaner, where we do it safer, where we do it better than anywhere else in the world. why are we shutting down u.s. production and encouraging production in venezuela, in iran, in saudi arabia, when we do it better and we do it cleaner. that's one of the things i think conservatives want discussed at the table is look, we're with you. let's reduce gr

lisa: natural gas prices in europe have surged to a new high. a weaker europe. here is what i'm looking at. pending home sales. this has been one area of absolute devastation if you look at how much the volume has plummeted in the transaction data. we got new home sales plunging to the lowest levels going back two years. at what point do we see an ongoing weakening that is not reflected in prices? it highlights how quickly the market is responding to what the fed is doing. 2:00, we get the decision, 2:30, a press conference. we get to speak to some wonderful guests starting at 1:30. joining us to parse through what we should be looking for and what the fed is trying to say. some of these commentaries have been more immediate -- more accurate than the immediate knee-jerk reaction. earnings continue after the bell. qualcomm, facebook and ford motor, a complete selloff. how much has been priced in? we are not hearing the best news? they are not stellar earnings. a lot have been below average if you look at historical quarterly earnings. at what point do we just see

the announcement that it would cut the supply of natural gas meant a bad situation has become even more dire. a collective agreement to reduce gas consumption has been long needed. brussels demanded a 50% cut and that caused uproar. >> there is no other option in gas savings. unless this happens, the prices remain high. if we succeed, the rices -- prices will drop. >> if the target becomes mandatory, the list of opt outs as long. among the exemptions are island state is not connected to the european grid. countries heavily dependent on gas for electricity can also opt out. >> our industrial production changed -- shades -- production chains are independent. >> europe is able to find unity and giving a strong signal in a day where the flows of gas are reduced to another 20%. you want split us, pollutant and russia -- pollution -- putin and russia. >> governments are hoping that with with the horizon, this compromise is enough for now. >> let's look at this deal with benjamin schmidt. a former european energy security advisor at u.s. state department. what is your te on this deal? >> i thi

they also want to respond to a theglobal energy crisis by attacking american natural gas. this reckless taxing and spending spree includes a massive new tax on american natural gas. the country's single largest source of electricity. we all know when you tax something and on american pipelines and lng exports. higher electricity bills in the summer, higher heating bills in the winter. the most reliable energy for the country. unless american energy exports to the allies abroad doubling down on inflation. i've only scratched the surface of all the way democrats want to pick americans pockets. they want new funding. listen to this, in to the stations so americans end up with more audits. the agents get new computers and smart phones so that american small businesses get more audits. also democrats want to drain money out of the medical innovation and leave terminally erill americans with fewer treatments and cures as a result. the experts say this would cost americans their lives. the answer to the inflation. democrats say the response is democratic tax hikes. it wasn't enou

in the meantime, however, they remain heavily reliant on the countries natural gas. well, europe and germany are trying to break free from energy dependence on russia. could ellen g supplies from louisiana in the southern united states fill that gap while one american company is betting on it? louisiana is now home doing new liquified natural gas blend on the gulf of mexico tankers from here can also reach germany once a deal is mead, liquefied natural gas, or ellen, g from the u. s. is in high demand. new terminals are already being bland. this facility belongs to a company with headquarters near the political decision makers in washington. they can monitor what's going on at the plant for more than a 1000 miles away. board members, saba is keen on tapping the german market. we actually have a $1000000.00 who want to seal up between the u. s. and germany and they'll, they'll absolutely be that. and that'll happen of the, you at the u. s. is capable of, you know, stopping in and replacing the loss of the russian gas in the market. but the competition for gas, which c

that may lead the world to nuclear and natural gas because natural gas has the added benefit of reducingtilizer, the cross yield that is so important for poverty and reduction and malnutrition. we have to have a direction on that. right now, europe is buying up global sources of natural gas and importantly, the world is shifting back to coal and even to fuel. every day i meet with global leaders is countries are either selling coal to europe or are themselves shifting back and more carbon intensive energy sources in order to try to keep the electricity grids running. it is a very practical effort by the world bank, this major shift in energy and an interest rate. jonathan: i just want to get your thoughts on an important topic. the world bank president. tom come economic nationalism very much front and center when it comes to energy supplies later this year. tom: what i would say, and this all goes back to russia 20, 30 years ago, you can think as hard as you can about this, you can listen to people, but the bottom line is you never see it coming jonathan:. jonathan:true. down a little m