to take note of, patrick armstrong still here. good morning to you, tim.us through some of the highlights of the story about one of them the to my eye, cheap fossil fuels here to stay. tim: the most interesting thing is to take a step back and look at the world of energy. now we are talking about the age of plenty, when literally there is so much of the stuff we do not know what to do it. the cost of fossil fuels is declining, falling, staying low. the cost of renewables is plunging. what thelook at world's building, it is building wind farms and not coal stations. chart that kind of really caught my eye in terms of what is going on, drilling costs coming down really quite sharply. look at what is happening with technology, how it is impacting. it is not going to go away, because these guys are smart. tim: it is amazing. as the cost of oil has plunged and gas has plunged, they become more efficient. in the age of $100 oil, they keep drilling. and as the oil costs climbed, they just adjusted to that. they found deficiencies. in the next chart in the story s

patrick armstrong, thank you for joining us. our guest host tomorrow, the founder of carn macro advisors. from all of us have a very good day. >>> welcome to worldwide exchange. >> here are your headlines from around the world. >> european stocks are in the red today. u.s. futures are pointing down as a mixed earnings picture keeps investors on their toes. >> defying the oil downturn. bp shares jump in london after the oil major beats estimates and unveils another raft of cost cuts. >> novartis in the news. the swiss pharma giant sees net income plunge due to a legal