19 pandemic on monday the price of crude oil fell 8 to negative 37. 63 so anyone expecting a delivery would have actually been paid to accept it rather than paying to buy it to better understand this lets look at the most widely followed Oil Futures Contract in the United States west texas intermediate crude its june contracts fell over 40 percent with fewer people driving flying or shipping this combined with an excess in Global Oil Production has greatly contributed to the falling market just we have never seen anything like this and of course its a consequence of the pandemic which will eventually and still Oil Production production had already outpaced our need for it so where do you see the oil industry going from here is this a wake up call for it. Well you need to let me take you back in time for sed lets go back to the end of the vietnam war when the war ended in vietnam we had plenty of gas we were supporting the war machine war machines require huge amounts of gasoline and oi
And marking the start of easter in isolation not a down cathedral in paris holds a special service a year afterward devastating fire. Its a grim milestone in the fight against the corona virus the number of people who have died worldwide past 100001 friday but infections appear to be slowing in europes hardest hit countries the World Health Organization says that doesnt mean countries should ease restrictions which have put half the worlds population under lockdown. I know that some countries are already planning the transition out of stay at home less 3 questions w. H. O. Wants to see distractions lifted as much as anyone i descend time lifting restrictions too quickly could lead to a deadly resurgence the way down can be as dangerous as the way up if not money properly more than 1600000 people have been affected since the outbreak was detected in china last year europe accounts for more than half of global cases they u. S. Is the current hotspot it has the most infections in the worl
So i welcome you this morning, thank you all for coming, my name is dane kennedy. Im the director of the National History center. Which is sponsoring this briefing. It is on the geo politics of middle east oil, Historical Perspectives on the current crisis. I want to just briefly explain what we are doing here and why were doing it. This is part of an ongoing series sponsored by the center that brings Historical Perspectives to current issues. The center itself is strictly nonpartisan. The purpose of the program is not to advocate for any particular policies, but in fact to provide sort of Historical Context to help inform policy makers and the public as they deal with difficult issues. I want to thank or acknowledge the Financial Support of the mellon foundation, which makes this briefing series possible. I want to thank rachel wheatly in the back of the room who is our assistant director and has helped to organize this. I want to thank the office of jerry connelly. Which has booked t
Streets mingling with people and disregarding social distancing the last is it time to change in the food zones of asia a month on from the pandemic declaration we visit the markets blamed for the virus and in other news a blow to the fight against on group enough. Child announces plans to stop military operations outside its course. Thank you for joining us one month on from the coronavirus being declared a pandemic the World Health Organization is warning countries not to become complacent as a global death toll surpasses 100000 the head of the w. H. O. Says lifting restrictions could lead to a deadly resurgence more than 1600000 people have been infected since the outbreak was detected in china late last year the current hot spot the u. S. Has reported its highest single day toll 2108 deaths half a 1000000 americans are infected with the virus the hardest hit States New York is conducting mass burials but theres a glimmer of hope across europe italy germany spain and france have see
Of the pandemic. Will take you around the world one of the most unusual celebrations of east in modern times. Were starting with china which has recorded more than 100 new corona virus infections which sounds like a small number but it is the highest in 6 weeks and its sparking a bit of concern about a possible 2nd outbreak most of these new cases came from people arriving from overseas but no new infections were reported in who by province where the outbreak was 1st detected globally more than 114000 people have died from cove in 19 more than 1800000 have been infected more in the china situation now with sarah clarke in hong kong hi sara so the way that i read those numbers its saying that its a good news well its good news domestically if theres no new cases particularly in who they province but still cases coming in from overseas. This is the area kemal that to chinas considering are certainly focusing on this is what they describe as a 2nd wave of infections of imported cases so t