FEDERAL RESERVE THIS WEEK.
JOIN ME RIGHT NOW IS U.S.
STRATEGIC ADVISOR BRETT, AND
FROM PRICE FUTURES GROUP PHIL
FLYNN, AND LET ME KICK IT OFF
WITH UH-UH YOU GIVE US A SENSE
OF THE OIL MARKET THIS MORNING
WE'VE SEEN PRICES UP ALMOST 9%
RIGHT NOW.
>> YEAH A LOT OF TRADERS WERE IN
SHOCK THIS WEEKEND YOU KNOW
THERE WAS HAD ASSUMPTION, OF
COURSE, THAT THIS TOO OF THING
WOULDN'T HAPPEN WE WERE IN A NEW
ERA AND WE REALLY DIDN'T HAVE TO
WORRY ABOUT ABOUT OIL PRICE
SHOCKS ANYMORE.
AND I GO TO YOUR POINT YOU'RE
ABSOLUTELY RIGHT THE UNITED
STATES BEING THE BIGGEST
PRODUCER IN THE WORLD IS REALLY
SOFTEN THE BLOW E.
BUT IT HAPPENED TOTAL REMOVE THE
RISK.
AND THE BIGST CONCERN I THINK
FOR OIL MARKET RIGHT NOW IS NOT
ONLY HOW QUICKLY THE SAUDIS CAN
GET PRODUCTION BACK ONLINE BUT
HOW CAN THEY STOP AN ATTACK IN
THE FUTURE?
THAT'S THE KEY THING HERE.
LISTEN, WE HAVE KNOWN THAT THE
REBELS HAVE BEEN ATTACKING FOR
SOME TIME HOW DID THIS HAPPEN?
AND CAN IT HAPPEN AGAIN?
>> BRETT WHAT DO YOU SAY TO THIS
CAN IT HAPPEN AGAIN AND ALSO THE
FACT THAT IRANIANS ARE PUSHING
TO SAY THIS WAS NOT THEN AND WHO
IS TAKING RESPONSIBLE NO COMMENT
ON THE FACT THAT IRAN ENCOURAGES
THE REBELS.
>> WELL, THERE'S NO DOUBT IN MY
MIND THAT IS THE IRANIANS THEY
HAVE EVERYTHING TO GAIN FROM THE
SPIKE IN OIL PRICES THEY NEED
OIL L OVER 100 DOLLARSES BARREL
TO FUEL THEIR ECONOMY SO IT IS
CLEARLY --
YOU KNOW, THE IRANIANS IN THIS
CASE.
BUT THE ATTACKS WHICH YOU LOOK
AT THIS REALLY CLOSELY, IT IS
ONE OF THE DEEPEST ATTACKS
WITHIN SAUDI TERRITORY FROM --
WITH THIS TYPE OF DRONE STRICK
AND BECAUSE OF THE CONFLICT
WITHIN YEMEN AND SAUDI ARABIA
YOU IMMEDIATELY POINT TO THEM
AND ASSUME THAT THE DRONES
ORIGINATED FROM INSIDE YEMEN.
BUT AS DRONE EXPERT I LOOK AT
THIS I STAY HOW IS THIS EVEN
POSSIBLE?
VEALED HAVE REACHED A DISTANCE
OF ALMOST 800 KILOMETER TO OIL
FIELD WHERE THEY HAVE THEIR
PRIME TERRITORY AND THAT TAKES
SIGNIFICANT LEVEL OF
SOPHISTICATION TO DO THAT AND WE
CAN DID THAT WITH SATELLITES AND
RAY LAY SYSTEM AND PHYSICAL
RELAYS IN DIFFERENT COUNTRIES
THAT ALLOW US TO PUMP OUT THESE
LIVE STREAM VIDEOS TO DO THAT
FOR A REBEL GROUP IT TAKES
INCREDIBLE LEVEL OF
SOPHISTICATION THAT'S WHY I
BELIEVE THESE ATTACKS IN
ORIGINATING IN LIKELY IN IRAQ,
AND WE PROBABLY HAVE VERY STRONG
EVIDENCE INDICATING THAT THE
IRANIANS MAY HAVE EVEN BEEN ONES
TO PLY IT.
>> WOW.
ALL WEEKENDS I LOOKING AT
RESEARCH REPORT FROM WALL STREET
ANALYSTS THERE'S A LOT OF
ACTIVITY OVER THE WEEKEND AS
ANALYSTS WERE WRITING UP WHAT
THEY THOUGHT THE IMPACT COULD BE
BEFORE MONDAY MORNING OPENING
FOR THE MARKETS.
PRESIDENT TRUMP TWEETED ON THE
ATTACKS AS WELL AND HE WROTE
THIS.
YESTERDAY --
SAUDI ARABIA OIL SUPPLY WAS
ATTACK AD THERE'S REASON TO
BELIEVE THAT WE KNOW CULPRIT OUR
LOCK AND LOADED DPEPGDING ON
VERIFICATION BUT WAITING TO HEAR
FROM KINGDOM HAS TO WHO THEY
BELIEVE WAS THE CAUSE OF THIS
ATTACK AND UNDER WHAT TERM WE
WOULD PROCEED.
BRETT, WHAT --
SHOULD THE U.S. DO AT THIS POUPT
ARE YOU EXPECTING A REACTION
FROM THE U.S. A MILITARY
REACTION?
>> I THINK THAT THERE'S A
POSSIBLE THAT THERE COULD BE
SOME SORT OF MILITARY ACTION TO
TAKE PLACE IF YOU LOOK AT IN
LAST FEW WEEK WE SAW A STRIKE BY
THE ISRAELIS ON IRANIAN BASED
INSIDE IRAQ THAT WAS PREPARING
TO SENDING DRONESES TO STRIKE
SOME SORT OF ISRAELI ACCESS AND
THEY STOP THAT BEFORE HAND.
I THINK THAT WHAT WE'RE SEEING
MANY THIS CASE IS THAT WE HAVE
CLEAR EVIDENCE THERE'S RAN I CAN
BASE FROM WHERE DRONES
ORIGINATED BUT I WANT TO TALK
QUICKLY HOW TO STOP ATTACKS IN
THE FUTURE BUT WE HAVE ABILITY
RIGHT NOW THE TECHNOLOGY EXIST
TO BE ABLE TO HIJACK THE
CONTROLS OF A DRONE TAKE OVER A
DRONE REMOTELY AND LAND IT
FAITHFULLY THIS WAS NOT --
THIS WAS SOPHISTICATED
TECHNOLOGY NOT CLASSIFIED TOP
SECRET TECH WE'RE TALKING ABOUT.
THESE OIL FACILITIES SHOULD BE
INSTALLING THIS COUNTERDRONE
TECHNOLOGY THAT IS ABLE TO STOP
THESE ATTACKS CREATE THESE
VIRTUAL BARRIERS THAT CAN JAM
THE SIGNALS OF THE DRONES SO
THAT THESE CRITICAL FACILITIES
DON'T HAVE TO DEAL WITH THIS
PROBLEM IN THE FUTURE.
SMG AIMING TO RESTORE A THIRD OF
LOST OIL OUTPUT TODAY.
THAT'S ACCORDING TO "THE WALL
STREET JOURNAL," I WANT TO I
WANT OUT LINDSAY GRANDMA'S TWEET
YESTERDAY BEFORE YOU ANSWER, ON
SAUDI TRYING TO --
TRYING TO FILL UP WHAT HAS BEEN
LOST, LINDSEY GRAHAM TWEETED
THIS.
IT IS NOW TIME FOR THE U.S. TO
PUT ON THE TABLE AND ATTACK ON
IRANIAN OIL REFINERIES THEY
CONTINUE THEIR PROVOCATIONS OR
INCREASE NEW CLEAR ENRICHMENT.
>> I THINK THAT'S A POSSIBILITY.
IT'S SENDING IRANIAN A QUICK
MESSAGE, IT WILL HAVE A MAJOR
IMPACT ON THE GLOBAL ECONOMY AND
OIL PRICES IF THAT HAPPENS.
BECAUSE WE "DON'T ASK, DON'T DON
BECAUSE WE "DON'T ASK, DON'T DOT
BECAUSE WE "DON'T ASK, DON'T DOK
BECAUSE WE "DON'T ASK, DON'T DOO
BECAUSE WE "DON'T ASK, DON'T DOW
BECAUSE WE "DON'T ASK, DON'T DOA
BECAUSE WE "DON'T ASK, DON'T DOT
BECAUSE WE "DON'T ASK, DON'T DOW
BECAUSE WE "DON'T ASK, DON'T DOL
HAPPEN AFTER THAT BUT A HIGH
RISK SITUATION.
I WILL SAY THIS PRESIDENT TRUMP
IS VERY GOOD AT TRYING TO CALM
OIL PRICES.
RIGHT AS MARKET WAS OPENING IN
THE HE CAME OUT WITH A TWEET TO
RELEASE OIL FROM A RESERVE AND E
REMINDING PEOPLE THERE'S PLENTY
OF OIL OUT THERE SO DON'T WORRY.
>> THAT'S WHAT HE SAID IN THE
TWEET DAGEN PLENTY OF OIL EXPLAY
NATION POINT.
>> THERE'S A CONCERN ABOUT BEING
A TOIBL RAMP UP PRODUCTION
PARTICULARLY HERE IN THE U.S. IN
THE BASIN AND SHALE FORMATIONS
THAT I KNOW THAT THEY I THINK
THE U.S. RIG COUNT IS DOWN TO A
17-MONTH LOW DOWN 16.FROM A YEAR
AGO.
ACCORDING TO BAGGER HUGHES AND
IT IS NOT THAT EASY TO RAMP UP
THAT PRODUCTION HERE IN THE U.S.
THEY HAVE LAID OFF EMPLOYEE AND
TAKE WEEKS TO PUT THIS BACK
ONLINE THEY HAVE A LOT OF DRILL
BUT UNCOMPLETED WEALTH THAT THEY
CAN TRY TO BRING ON QUICKLY BUT
THEN YOU HAVE ISSUES OF
TRANSPORTATION, TRYING TO GET IN
ONLINE AND WE'RE ALREADY PEX
PORTING A RECORD ALL OF OIL SO
IT IS HARD TO INCREASE THAT.
>> ALL RIGHT GREAT CONVERSATION
GUYS WE'RE WAVING MOVE THAT
IS --