Capital Account Interview. EmailShare 0EmailShare I’ve just had a great interview with a new Russia Today show, Capital Account.
The program’s promo is: At the the intersection of markets, politics and the global economy is Capital Account with Lauren Lyster. Broadcasting live out of RT America’s studios in Washington DC, Capital Account brings you in-depth analysis and discussion of the most important financial and economic news from a perspective you won’t find in the mainstream media.
Russia grounds about 200 planes, cutting off distant regions. Russia's airline industry has been thrown into confusion by a presidential decision to permanently ground two Soviet-era workhorses, the Tupolev Tu-134 and the Antonov An-24, by year's end.
The two planes are the backbone of the far-flung country's regional aviation. Skip to next paragraph Subscribe Today to the Monitor Click Here for your FREE 30 DAYS ofThe Christian Science MonitorWeekly Digital Edition Aviation experts say the ban, imposed in response to a recent spate of fatal accidents with the planes, could leave hundreds of small communities effectively cut-off from the world. Forget OPEC: Russia Is Key.
However the cold war being fought between Saudi Arabia and Iran plays out at this week’s OPEC meetings, oil consumers shouldn’t take any subsequent pledges of increased cartel production too seriously.
Other than a gratuitous gesture to their concerns, any announced OPEC production increase isn’t going to pump more gasoline into U.S. gas tanks or, for that matter, the tanks of motorists anywhere in the OECD. OPEC production remains well below its level prior to the Libyan civil war, and what ever modest increase its kingpin producer, Saudi Arabia, can muster will be more than consumed by that country’s own soaring demand for power from air conditioners in the approaching peak power summer season.