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-- did not have that big an impact on oil but.
I got -- imagine there's two thoughts running through my head when I hear about the story one.
It -- -- -- this thought process that we need to stop our dependence on foreign oil because it could be used as a weapon and number 20.
It just it to continue is wouldn't it cause the price of oil to escalade for fears that you think.
-- -- You're absolutely right -- you know so anything they didn't want -- an oil well ahead.
I had felt no problem while you don't -- the bottom line is is your right and we've already seen the price of oil and all commodities go up because of this piracy.
You know whether we know -- -- not when we traded contract on the futures market it includes the cost of shipping and insurance.
Insurance for the -- -- -- have gone up tenfold.
And now with this latest incidents it's probably -- drive up prices higher.
-- the reason why we don't notice it is much it's because it's coming against the backdrop of declining.
Demand but this is a major issue these guys are getting more dangerous in as you said they have.
And kicked it up and not -- but this is only one around for some time.
Now that the world knows about it I I think I think they bit off more than they can -- this time at the flash -- You know I mean -- let let's be honest about this this is not just.
Harmless attacks and just looking for.
You know for money in the day needs of people -- -- carrying Major League weapons.
And and you kind of have to wonder.
Are they getting.
-- not only -- knowing what the passage lanes are what ships are coming through.
If so how did getting this information because the -- is that with play end.
It is with the advent of satellite.
Portable satellite phones.
You can have one group up near the Gulf of Aden.
Watching whether the -- the target ships are going up into the Red Sea to go through the Suez Canal or whether they're going to continue south and go around the Cape of Good Hope.
They can the -- these six ships report on them and then as your other -- said the mother ship just gorgeous some fast -- boats rigid hull inflatable or other speedboats.
They come up from behind throw the rope ladders and the next thing you know -- crew of 25.
On a ship that's been drive in the long at night on auto pilot with minimum -- on the bridge is taken over by fifteen to twenty.
And AK 47 wielding.
And that's -- you've lost your shipment and as your other guest said this is going to get expensive because pretty soon.
The individual shipping companies are gonna have to add a security premium.
Onto the shipments here and put.
Crews small crews onboard to repel borders.
The other thing is that that -- governments are going to have to get serious.
Now NATO has about a seven ship commitment down there now the EU was -- on some -- -- the United States navy.
-- ships in the area.
They're all trying to maintain that freedom of the seas and to work against the pirates but these guys are in business there's a profit incentive.
And while their -- their higher trade making their average one to two million dollar score per V per vessel.
The bad guys the real terrorists are looking at this and they're seeing an opportunity as well what could they do with 3161000.
Tons moving it fifteen knots that makes -- -- unstoppable.
Story David -- and -- were gonna leave it there we will continue to obviously cover this.
In the coming weeks and months gentlemen thank you very much.
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