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are struggling around the globe and russia is already getting a billion dollars every few days in oil and gas revenues, why did opec slash production? everything has a price. we will explain. but first, here s my take. one of the few issues on which there is a consensus in washington, d.c. is that american policy toward china was built on an intellectual tariff. liberals and conservatives both believe that beijing s embrace of free markets and integration with the global market would fundamentally change china. but they didn t, so the consensus goes, we should recognize this was a naive belief. in fact, viewing china on the eve of the 20th party congress, i m struck by how little that line of analysis captures what has happened in china over the last decade. china has gone through profound economic and social changes. its per capita gdp has gone up almost 30 fold since the start of economic liberalization in 1978. mass education and urbanization have changed the f ....
the verge of another revolution in iran? the images of mostly young people rising up against the regime have captivated all of us. i will talk to an iranian writer who explains what the protestors want. and at a time when economies are struggling around the globe and russia is already getting a billion dollars every few days in oil and gas revenues, why did opec slash production? everything has a price. energy security has a price. we will explain. but first, here s my take. one of the few issues on which there is a consensus in washington these days is that american policy toward china was built on an intellectual tariff. liberals and conservatives both believe that beijing s embrace of free markets and integration with the global market would fundamentally change china. but they didn t, so the consensus goes, we should recognize this was a naive belief in the power of markets and trade. in fact, viewing china on the eve of the 20th party congress, i m struck b ....
I talked to oil companies, they say we re pumping everything we can. oil glad you asked that question, because last week, i have been in the midwest with several oil producers, ceos of large and medium size oil companies and independents. the most worrying thing i found out is the best quality of areas where u.s. production was taking place, the producers have pretty much depleted that outside of the permian basin, which is in texas and around that region. outside of that, we have maxed out. finally, iran and venezuela. let s leave the politics of whether you can want the price to pay or to get back into the deal. but from a market point of view, if those two countries start producing and exporting, would that be a big difference? those two are really the only ....
It s taken the u.s. well over three, four decades to fill that oil. so that is a dangerous move to run it down before you actually might need it. but yes, that is an option. what could work is actually limiting diesel and gasoline exports. that s something that has been talked about by the department of energy and white house. so that could be in the cards. what about increasing supply? a lot of the conservative critics of biden, the wall street journal editorial page goes on about how you could still increase u.s. domestic supply. when i have talked to oil company executives, they say we re pumping everything we can. i m glad you asked that question, because last week, i ve been in the midwest with mostly oil producers, ceos of ....
Governor, stranded riders who didn t know it was shut down for hours. this is a subway system in new york. it is terrifying. and it wasn t just the record rainfall that is causing problems all throughout the region. as i mentioned new jersey, we re talking tornados destroying homes. it is enormous tornados causing extensive damage in parts of new jersey. coming up this hour, president biden will be addressing the nation in really we expect now just minutes about everything that has played out in terms of the effects of hurricane ida, from louisiana, now up to the northeast, and the president will be traveling to louisiana tomorrow. let me get and bring in right now the former governor of pennsylvania, ed randel, and also the former mayor of philadelphia. governor, thank you for being here. i can t believe some of the photos, the images and video. we re looking at video from wpvi right now of what we re seeing coming out of pennsylvania. ....