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David Gura
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Christina Raffini
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Bloomberg Audio Studios Podcasts Radio News welcome to the Bloomberg this Weekend Podcast with David Gura, Christina Raffini and Elisa Mateo.
Christina Raffini
Thanks for joining us for today's selection of convers from the show.
David Gura
You can listen to our favorite discussions right here on the podcast, but also make sure to join us live every Saturday and Sunday morning starting at 7am Eastern.
Game Host / Quizmaster
We're on Bloomberg Television Radio and the Bloomberg Business App bringing you unique takes and in depth interviews on news, politics, lifestyle and culture.
David Gura
Talk about over the course of this morning we saw the administration waiving these sanctions on Iranian vessels, Iranian origin oil, to allow the sale of it here for a 30 day period. Really an extraordinary development, Christina.
Christina Raffini
Absolutely. And attacks on the world's largest natural gas complex have also sent these prices soaring. So joining us now we have Brendan Duvall whose company, the Glenfarn Group, is behind a massive proposed liquefied natural gas pipeline in Alaska. Brendan, thank you so much for joining us.
Brendan Duvall
Thank you for having me.
Christina Raffini
I mean, first, just tell us what this conflict with these strikes in Iran, the strikes in Qatar have done to the LNG market as a whole.
Brendan Duvall
So we buy LNG regularly. We are the largest importer of LNG into the country of Colombia for our power plants. Before the escalation of this war, we were buying at 10, $11 an MMBTU and we just bought last week at $20. And then I saw trades print yesterday at $30. And so that is just a huge escalation in price and it's basically fear of not getting cargoes.
David Gura
Drawing on your experience in the industry, I saw in the FT there was a headline, this is an Armageddon scenario for the gas industry. Have you seen anything like this before? I guess the closest analogy that I can grab for is what happened a couple of years ago with the launch of Russia's incursion in Ukraine. How different is this? How much more devastating is this potentially?
Brendan Duvall
So a couple of things. One of the problems in Europe is they didn't have the import terminals and so they had to rush to build the import terminals straight through permitting really fast. The import terminals are where they need to be at the moment. Now it's access to actually cargoes on the water. Qatar's 17, 20% of global trade. The actual facility has only had a certain number of trains. We still don't have clear information, don't
David Gura
have the details yet, but.
Christina Raffini
And the train is what you need to make it shippable?
Brendan Duvall
Yeah. So that the train takes the gas, takes it to a very low temperature, a liquid then puts it into the vessel. But if the vessel can't get into the strait, it can't pick it up and it's a perishable item as well. LNG runs out, it evaporates. So if it's not getting taken out on the ships after, shut it in and then shut it in at the well. So then it's going to take time to restart as well.
Christina Raffini
What's your sense of how long it's going to take to get some of those facilities back online? And then do you have any indication, as you know, someone who's a big player in this industry of when those boats are going to start moving?
Brendan Duvall
So, you know, I was talking to my construction company that's building my facility in Texas and nobody really knows what needs to be repaired at the moment, if you're on the outside, because it's not that. Well, no one's got people in there on the customer side doing the inspections.
Christina Raffini
Probably don't want to telegraph necessarily, but
Brendan Duvall
it could take three to five years because building something from scratch versus fixing something that's already built is a lot more complicated. And so if it takes three to five years, the main problem is just one or two trains isn't the end of the world. It's just getting the straight open again. So once the straits open again, that'll be the main downward pressure back on price.
David Gura
You're at work on projects in Texas and in Alaska. So before we get in, maybe the granular details of those. What does all of this mean for the natural gas market, the industry here in the US as you sit from your vantage watching what's unfolding in the Middle East?
Brendan Duvall
So as an industry with domestic natural gas has been a desire to get what we call more on the water to get exposure to a broader range of indices. And that's going to continue. Right. But Henry Hub is only impacted so much by exports and every cargo that can be exported is already being exported. So I don't see it driving a huge outcome on Henry Hub immediately. That'll be driven by other issues. But it does say that more LNG projects can come online which will then put upward pressure on long term.
David Gura
Henry, how prices quickly Here again I drew this analogy to the Ukraine war. Did that have a catalytic effect here in the US and kind of changing the direction of the industry when when that conflict got underway just a few years ago?
Brendan Duvall
Well, many projects were sitting in permitting doldrum and they couldn't attract financing through Covid. LNG prices went down to $2.50 delivered. We're talking about $25 now. So that's a 10x swing crazy coming out of COVID at prices that low. And then Ukraine war hadn't happened. There was a slow things had slowed down post that everything's come back and the US is the most secure place to buy LNG from. It's just. It just is.
Christina Raffini
The president has said recently that the US doesn't need the straight we're energy independent, we don't need it. But that's not quite true.
Game Host / Quizmaster
Right.
Christina Raffini
It seems like it would be helpful if that was moving even for US companies like yourself just to bring the overall prices down.
Brendan Duvall
Well, I think everyone wants lower energy prices. As an LNG guy, you might think I want a high LNG price, but lower prices has more demand and I'm more of an infrastructure player. I want to sell long term energy. Sure, everyone wants a little bit of volatility to make some money. So when energy prices come down I think we all benefit and that's what will happen from the Strait. But as a domestic, as a nation here, we've got all the energy we need.
David Gura
Let me give you a minute to talk your book here. So you've got this project in Alaska and as we talk about the way that the global energy market is being affected by all of this, what would or what does that project offer to say customers or clients in Asia who are looking at the very real prospect of, because of what's happening in the Strait of Hormuz, feeling like they don't have ready or reliable access to the natural gas that they need.
Brendan Duvall
So Alaska, a little bit of background on the project, right, It's a very large project. It's 20 million tons of per annum, which is a very significant size project. It's a two phase project. A pipeline to bring gas from the North Slope down to, let's call in the south near Anchorage and then an LNG facility to export it. So two phase project. The pipeline is at ready to build stage now and the LNG facility is about 12 months away. The whole thing is fully engineered, all permits, all rights of way. It's had a billion and a half dollar speed spent preparing it. And the customers in Asia like it because it's a seven day sale to Japan. 10 day sale to Asia has been
Christina Raffini
hit really hard, especially by this strait.
Brendan Duvall
In particular, India and China are heavy buyers of Qatari lng. Korea and China and India are heavy buyers of Qatari, Japan and Korea less. But it's still cargoes being taken out of the market. And so if we can take it down from Alaska, it's close, it's secure, it's a US cargo that's protected five day sailing in US waters. It's a, it's a good thing for our allies.
Christina Raffini
Quickly before we let you go. Critics say that there are no buyers right now and the price tag is likely much higher than what you're projecting. What's your response to that?
Brendan Duvall
Well, I know because I'm selling LNG out of the Gulf Coast, I'm selling it out of Alaska. We can offer excellent prices and I can tell the interest right now is there's upward pressure on that.
Christina Raffini
Probably a good moment to be pitching this, needless to say.
David Gura
Brendan Duvall, thank you very much for joining us. Brendan on his way to Sarah week in Houston, of course with so many other energy executives for this confab that we were talking about with Daniel Juergen just a few weeks ago. Really going to be the nexus of a lot of these conversations I think here over the course of the next few weeks and we'll have coverage all across our Bloomberg platforms as that event gets underway. Stay with us for more on Bloomberg this weekend, right after this.
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Christina Raffini
It is week three of the war in Iran, but President Trump is now, as we just mentioned, possibly setting his sights on a new goal abroad and that's taking Cuba. Cuban President has acknowledged talks with the Trump administration are ongoing as it feels pressure from an Oil blockade and a power blackout.
David Gura
Earlier this week, I sat down with Ernesto Sobron Guzman. He is Cuba's ambassador to the United Nations. And we talked about Havana's position toward US Talks. Take a listen. President Trump said, quote, I do believe I will be having the honor of taking Cuba. I do believe I'll be the honor
Brendan Duvall
of having the honor of taking Cuba.
Ernesto Sobron Guzman
That'd be good. That's a big honor. Taking Cuba.
Brendan Duvall
Taking Cuba in some form. Yeah, taking Cuba. I mean, whether I free it, take
Ernesto Sobron Guzman
it, I think I could do anything
David Gura
I want with it. What is your reaction to some of the rhetoric that we've heard from the President, the United States?
Ernesto Sobron Guzman
Well, you know, during the last three months, almost every day, President Trump or Secretary of State Marco Rubio said something like this. Free and you take cover. Take cover. We are negotiating. We are not negotiating. We are ready to bomb and destroy everything. And for us, we have been very. Our position is clear, crystal. You know, our president announced last Friday that we recently started a dialogue between official of the Cuban government, official of the US Government based on equal footing, respect of sovereignty, respect of independence, and respect of not interference in internal affairs.
David Gura
At this moment, what is the best outcome for you, for Cuba from those talks? What do you hope comes out of it?
Ernesto Sobron Guzman
You know, as a, as we also said, we are indeed, as part of this dialogue, we are identifying the issue, the main issues where we have difference. So once we identify those issues, we are in a position to find solutions for those difference. And at the same time, we are in a position also to identify areas where we can cooperate in benefit of mutual part. Because usually people talk that a conversation between Cuba and the US Is only beneficial for Cuba, and it is not. Is beneficial for both parts, like we prove in the past, you talked about
David Gura
what's on the table and what isn't. So we had the Secretary of State saying Cuba has to put new people in charge. Is Cuba willing to make changes to senior leadership to appease the United States?
Ernesto Sobron Guzman
Not at all. As I told you, this is part. The only people that has the right to elect our leadership is the Cuban people. So no one will come to tell us you have to do this or to that in this regard, you know, so it is part of. We are not asking the US that they have to change their leadership. So it's, it's an issue of independence. You know, it's. We are an independent country and no one can tell us what we can do in this regard. This is something that we have to, to, to. To get by Ourselves.
David Gura
Your president said this earlier this week. Any external aggressor will encounter UNO resistancia inexpugnable an indomitable resistance. Your job at the UN is to explain to the world the policies of your government. What is an indomitable resistance from Cuba look like.
Ernesto Sobron Guzman
That means that we are ready for any scenarios. You know, we, we really want to have this dialogue. It is not a new position of the Cuban government. It is a very long, long standing position of the Cuban government that we consider that the best option for both part is to different, to have a different kind of relation, you know, so we are open to talk about everything. We are not telling that we can, we can talk about everything based on what I told you, not interfering, internal affair. But if you want to talk about human rights, we are ready to talk about human rights. You have. The US Government has concern about human rights in Cuba. Okay. We have concern also about human rights in the US Something happens in Minnesota or in some other areas, so we can talk about this. If you want to talk about democracy, we are ready to talk about democracy also with the US Government. You know, but, so this is our position. But at the same time we, we, we are ready for some of the scenarios because we suffered aggression from the US government in the past. So we know about that and we have to be ready for it. So when the president said that, that means that we are ready to talk, this is our main position. But if someone try to invade Cuba or if someone tried to make an aggression to Cuba, they will find a whole people, 10 million people ready to defend our sovereignty, our independence.
David Gura
Let's talk a bit about the oil blockade that's been in place. The last shipment that you got of oil was in January. That came from Mexico. Before that, in December, you got a shipment from Venezuela. Of course, circumstances have changed. Used to rely on 25,000 barrels a day from Venezuela. That's gone. What has the impact of that, the oil blockade imposed by the United States been on the country of Cuba over these last couple of months?
Ernesto Sobron Guzman
It has a huge impact. The first question here is do they, the government of the US has the right to impose a blockade like this? Do they have the right to set third countries that they can sell or not oil to Cuba? I think that they have not this right and this is not. They are violating the international law, the international humanitarian law, the, the charter of the UN there, the rules of the foreign trade. So we have 96,000 people that are waiting for a surgery because we don't have electricity. Or oil to have electricity in the hospital, around 11,000 of them children. We have more than 30,000 women, pregnant women waiting for an ultrasound because also lack of electricity. But you need electricity to produce food. You need electricity to pump water. You need electricity to, for food transportation, to transport people. You need electricity for almost everything. So here, David, we are looking at collective punishment to a whole country just because another country they want to change the government of Cuba.
David Gura
Who do you count as a close friend of Cuba at this moment when there is so much scrutiny of the island country by, by the United States?
Ernesto Sobron Guzman
Well, as an ambassador at the UN I can tell you that we count with the support of the majority of the countries all over.
David Gura
You're hearing that from other ambassadors and not only here.
Ernesto Sobron Guzman
We have and a statement of the G77 and China condemning this policy. G77 and China is the largest group of member states in the UN 134 countries.
David Gura
Are you disappointed China isn't doing more? They're sending solar equipment, for instance. But do you, do you wish that they would take a stronger stand?
Ernesto Sobron Guzman
No, not at all. We have been receiving political support for the majority of the country, but at the same time we have received. Receiving some of the support from many countries you mentioned. China, Vietnam, Mexico, Russia, Brazil, Chile, the Caribbean countries. The UN system is also working now to try to, to, to implement this. When a country offer some kind of aid, they are trying to, to be like a bridge.
David Gura
What is your message to the American people at this moment? As we hear again the President making bellicose statements from the White House, what would you say to American people who are watching this and hearing from the administration that things are bound to change in Cuba in the near term?
Ernesto Sobron Guzman
Well, you know, yesterday I read a poll that said that only 28% of the American people support this kind of policy of the, of the, the of their government towards Cuba. So I will, I will say to the rest, the 72% that doesn't support this policy that please continue pushing, continues raising your voice in favor of a different kind of relation between Cuba and the US it is possible and it is beneficial for both Part.
David Gura
Lastly, what gives you optimism that this will be resolved? How grave is this moment? And what gives you optimism that this is going to resolve itself in a way that will be peaceable?
Ernesto Sobron Guzman
Because this is not the first time that we face a situation like this. We have been, unfortunately, we have been facing this kind of policy for many years. I lost the count of how many presidents of the US tried to change the government in Cuba and we are still here. And as I told you, we for us there is only one option. Resist and to keep and to prove that it is possible to be different. We are not better, we are not worse than the US government or than the US people. We are just different people. We just want to try to build our own future from our own perspective.
Christina Raffini
Nice interview.
David Gura
Thank you. Yeah, fascinating to talk to him as we hear all this rhetoric from the administration. I asked who he was talking to, who Cuba is talking to on the US side. He said he didn't know and that wasn't important.
Christina Raffini
Stay with us for more on Bloomberg this weekend right after this
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Christina Raffini
Do you guys know this book?
David Gura
Yeah, I do.
Christina Raffini
All right, so this is by the guy who wrote the Martian. This is Project Hail Mary. This movie is out this weekend. It is about a reluctant school teacher scientist who gets launched literally, into space against his will and has to go save humanity. And he ends up there, for reasons I'm not going to get into, by himself, except all of a sudden, he gets some help from something from another planet. It's a great book. I'm hopeful the movie's gonna be just as awesome. And you know who else was great was author Andy Weir, who sat down with us, talked about how he gets his ideas and also how, despite all of his success, the puppet got a better hotel room than he did on the press tour. When you were pitching this to your publishers, you said, hey, I got an idea for a guy who's kind of trapped in space by himself, and he's got to, like, science his way out of it. At any point, did they say to you, dude, you already wrote this book.
Andy Weir
Yeah. You already wrote that? Well, I mean, I pitched it to him as, like, I've got a first contact story and interstellar travel and stuff like that. And, you know, he's not alone.
Christina Raffini
Was there a debate about whether or not to reveal the alien in the movie trailers and things like that? Because there was. So how did that go and how do you feel about that?
Andy Weir
They did reveal him, so there was a lot of discussion about that. Because, of course, in the book, it's a complete.
Christina Raffini
I had no idea. I literally screamed at the book. Yeah.
Andy Weir
And that was the intent. We wanted you specifically to scream at the book. Perfect. But that was a big twist. And the readers are very good about not spoiling things for each other, moviegoers or not. Like, moviegoers will tell each other everything. And also, like, if we hid the fact that Rocky was in the movie, I mean, sometime. I mean, by now everybody would be talking about, there's an alien in this movie. Like, it would be general public knowledge. So we thought that, plus, this isn't just a story about some schlub out in space by himself. This is a story that includes an alien and all sorts of really cool stuff and that we want to draw people into the theater. Things get a lot more interesting when they find out, okay, there's an alien
Christina Raffini
in this one, and it's not like a little green man alien. It's basically an anthropomorphized rock.
Andy Weir
So I was trying to avoid anything that looked like, you know, just a human.
Christina Raffini
Not getting your Captain Kirk vibes?
Andy Weir
No, no. I wanted an alien that was very, very alien. And so I wanted his environment to be incompatible with ours and vice versa. I mean, shoot, that happens on Earth. Like if you exchange the positions of a shark and a camel, they're both going to die. Right?
Christina Raffini
And so I don't know a lot about science, but I know that is true.
Andy Weir
You know that is true. There are very few aquatic camels, to our detriment.
Christina Raffini
So which. Which comes first when you're writing, the science or the plot?
Andy Weir
Usually the science. In this case, I'll figure out something that I want and then I'll kind of back calculate a way to allow that and try to find the minimum little violation of, like, real world physics or whatever.
Christina Raffini
Do you check your math? Do you, like, send stuff out to people? Okay, well.
Andy Weir
Well, no, I don't have other people check my math.
Christina Raffini
You check your own math?
Andy Weir
I check my own math and sometimes I make mistakes, and that's the way of things. There are no lives riding on the line here. It's just a fictional story. If I mess up, I mess up.
Christina Raffini
I'm a former White House correspondent, foreign affairs correspondent, and in D.C. there is
Andy Weir
a. I'm a big step down. No, this is a big step down.
Christina Raffini
Correct. This is the interview I've been looking forward to most for a week. Um, there is a book club of all former or current White House producers and correspondents in dc. It's all women. We do not read sci fi. We read, like, smart fiction, sometimes less smart fiction. Usually it's a way to escape the news cycle and drink some wine and talk about our families. Someone suggested this book. It was a bit out of left field. My group chat is blowing up this morning with questions for you because they are all completely obsessed with this. Did you know this was going to have such an appeal to folks who aren't necessarily into sci fi?
Andy Weir
Well, I always try to appeal to people who aren't necessarily into sci fi. I don't go out of my way. It's just my. My mechanism of storytelling is to try to make it's. I mean, yes, it's a science fiction story, but it's really a story about friendship and loyalty to. To newfound friends and. And so I guess my brand, or whatever it is I sell Optimism and, like, I have in real life, a very high opinion of humanity, and I feel pretty good about the human species and that I think we're pretty awesome. And. Yeah. So I think that ends up having an appeal to a lot of people. You don't have to be obsessed with science to enjoy these stories, I hope.
Christina Raffini
I did get some other questions from my book club. One was, did you visualize Ryland being as hot as Ryan Gosling?
Andy Weir
I did not.
Christina Raffini
Okay.
Andy Weir
To be fair, though, I don't have a very, very visual imagination.
Christina Raffini
I heard you talking about this. This is really interesting to me.
Andy Weir
Yeah. So I'm kind of on the Aphantasia scale, which means, like, when I try to visualize something, I get more of a blob. I mean, it's not. So they usually use.
Christina Raffini
How does that work when you're writing?
Andy Weir
It's conceptual. Like, so in my mind, what I'm seeing is a concept, like a blob of a person talking to a blob of another person in a sort of a blobby, undefined background. I. The best way to describe it would be is if you've ever had a dream and, you know, the focus of the dream is you talking to the. You know, to the magical cat or whatever's happening in your dream. The background, like, describe the background. It's like you didn't define it in your head, and so you can't really tell me what's in the background. It's just sort of this. This blobby. There's something there, but for me, it's also in the foreground. It's just this concepts.
Christina Raffini
I mean, I personally like that about your writing because it allows the reader to kind of fill in a bunch of those details, which is why I think we were also interested in seeing Rocky the alien, because I had a really hard time picturing what that looks like.
Andy Weir
I could tell you, oh, he has a pentagonal thorax, kind of, and he has, like, five legs, and they each end in three claws. But I don't know, like, if his limbs were skinny or thick or if they're smooth or bumpy or if they're symmetrical or asymmetrical. So when I went to the model shop during the shoot, when I went to the model shop and saw Rocky, that was like, the first time I seen Rocky. It was like. It was like, oh, I get it. Oh, so that's what Rocky looks like now. I know.
Christina Raffini
That's incredible. And you and I were talking briefly earlier. It seems like Rocky might be getting Better VIP treatment than you. Press tour. Do you want to explain what you were saying to me earlier about who gets the nicer hotel suite? Yeah. For our viewers who don't know, Rocky is. It's a practical effect. So it's a giant, like, puppet that's operating. I love practical effects.
Andy Weir
Yeah, it's as practical as it gets. I mean, there's CG smoothing of the motions, some and some of the finger movements and stuff like that. And there's plenty of CG shots, let's be clear. And also the digital removal of all the sticks of puppeteers and things. But yeah, so at the junket, the media junket for this, which was in la, I was like, I'm feeling good about this. They got me a real nice room. You know, it's kind of a Sweet having your moment. Yeah, I'm an important guy. And then, like, Rockies room, because they had a room for Rocky where. Where, like, reporters could go, like, talk to Rocky and stuff like that. Rocky got the presidential suite on the top floor. It's a penthouse. So I go up to Rocky's room and he's got a grand piano in his room, stuff like that. And I mean, the reason is because they really wanted high security around that. That puppet. It's an irreplaceable prop. It's.
Christina Raffini
He just didn't want you feeling too good about yourself.
Andy Weir
Yeah, I know.
Christina Raffini
Career moment.
Andy Weir
Yeah. And Rocky gets the presidential suite. I just thought that was funny.
Christina Raffini
Finally. You said you are optimistic about the human race. And one of the things that I also read the Martian. Love the Martian. One of the things that I think was so interesting about this book is initially, your main character is kind of a weenie. He really. He doesn't want to do the thing. They make him do the thing. And the arc of his personal growth over time in the book is quite incredible and redeeming. Is that kind of what you're hoping for?
Andy Weir
The rest of us, there's no deeper meaning. I just wanted to. So I'm always trying to work on my character depth, complexity and nuance because I think that's my weakest part of writing. I'm good at the science. I think I'm good at coming up with interesting and compelling plots. But it's my characters that I really need to level up on.
Christina Raffini
But I would argue that's where this book really stands out.
Andy Weir
Thank you. Thank you. Because I put a lot of work into it, so I appreciate it. And so I wanted to have a flawed but likable and I think We've all felt that way before. We've all felt like scared, overwhelmed and underqualified.
Christina Raffini
I mean every day man, every day
Andy Weir
as a writer, that's your whole life. I mean, you know, give a man a book, you entertain him for a night, teach a man to write, you give him crippling self doubt for life.
Christina Raffini
Oh God, that's so true.
Andy Weir
So I wanted to make him relatable and then he has a redemption arc and yeah, so that was deliberate. Thank you. I'm glad it landed.
Christina Raffini
Anything else you want to add about Humanity Space?
Andy Weir
I'm a fan of both.
Game Host / Quizmaster
Stay with us for more on Bloomberg this weekend right after this
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Game Host / Quizmaster
So this is pointed. Okay. So you each have 30 chips in front of you. Okay. Christina has 30. David has 30.
David Gura
Yeah.
Game Host / Quizmaster
I'm going to propose a question. There are three categories. Okay. You have to bet your wagers based on those categories.
David Gura
The confidence that I have that I have in my knowledge of those categories.
Game Host / Quizmaster
Correct. So if you feel really good about that first category, I don't know if you want to bet at all.
David Gura
But, you know, she knows heavyweight over the last two weeks.
Christina Raffini
But now I'm scared because I overheard our producer working on this, and he was like, oh, they're. These are all too easy or really, really hard. We can't make them too easy. And I was like, well, don't make them that hard. So I don't know. I'm shook. I'm shook.
David Gura
Let's see how she shook.
Adobe/PayPal/Mint Mobile Announcer
Shook.
David Gura
What are the categories?
Game Host / Quizmaster
Here we go for the categories. All right, so let's get right to it. The categories are Diplomatic. That is the first one.
Brendan Duvall
All right.
Christina Raffini
That's gonna be embarrassing.
Game Host / Quizmaster
Bankruptcy is number two, and Oscars is number three, so.
David Gura
Oh, he's going heavy on the Oscars, despite not really. I saw a movie. I saw a movie.
Christina Raffini
What did you see?
David Gura
I saw Train Dreams.
Christina Raffini
Oh. How was it?
Game Host / Quizmaster
Okay.
David Gura
Very good. Based on a Dennis Johnson novel, but not good. One of the marquee favorites, standouts of the night. It's in your queue. Anyways, I did watch the Oscars. I'm going to go 20 on that and 10 on diplomacy.
Christina Raffini
All right. I'm hoping I don't embarrass myself.
David Gura
Bankruptcy. Oh, you're going 20 on nobody.
Christina Raffini
Nobody's doing 20 on diplomacies. I am not confident in bankruptcies, and then I will hopefully not.
Game Host / Quizmaster
No one's confident in bankruptcy.
Brendan Duvall
No, no.
Christina Raffini
Including the companies are going bankrupt. No. No one's confident.
Game Host / Quizmaster
All right, are you ready for your question? You have your whiteboards. You have your pens. Get ready.
Christina Raffini
Here it is.
Game Host / Quizmaster
Okay.
David Gura
Expo. Dry erase is open.
Game Host / Quizmaster
Diplomacy. Let's start there. Okay, the question is. This week, the Taoiseach made a traditional visit to the White House. Which country does he lead? Taoiseach.
David Gura
Can I ask you to spell it? And then we'll just give it away for the.
Game Host / Quizmaster
Would you like a spelling. Oh, he's looking. He's going. He's going to go. I even see, like, little pictures that you're doing here. I'm peeking over it.
David Gura
I'm ready. I think so.
Game Host / Quizmaster
Okay. All right, let's flip it. Okay.
David Gura
He's Irish.
Game Host / Quizmaster
You both say Irish. Irish. What country?
David Gura
Oh, sorry. Did I not listen carefully?
Christina Raffini
She's fine.
David Gura
It's just a failing of mine.
Adobe/PayPal/Mint Mobile Announcer
Give it to you.
David Gura
Oh, Lisa, thank you so much. I know that that could have been overruled on a technicality.
Game Host / Quizmaster
All right, so Christina keeps her 20. David keeps her tent.
David Gura
We should have said who had the better shamrock.
Christina Raffini
Illustration. I think they were both not good for our radio listeners. You did not miss this.
Game Host / Quizmaster
But he is.
Christina Raffini
Yes.
Game Host / Quizmaster
The Prime Minister called the Taoiseach. He met with President Trump, you know,
David Gura
St. Patrick's Day, a bowl of shamrocks was.
Game Host / Quizmaster
They did. The meeting was okay. You know, he. He did defend British Prime Minister Keir Starmer.
David Gura
Yes.
Game Host / Quizmaster
After President Trump criticized him. But. But other than that, it was a wonderful meeting.
David Gura
Fountain was bright green. This is not the guy who has the dog.
Christina Raffini
Right. That's the president who had the dog, who went around with him everywhere. I think he's of Ireland.
Game Host / Quizmaster
Yeah.
David Gura
He's tuned for our next hour. And we get into the intricacies of Irish.
Christina Raffini
Sorry. Continually. So please quiz us on bankruptcy.
Game Host / Quizmaster
Are we ready for bankruptcies?
David Gura
Bankruptcy. Question number two.
Game Host / Quizmaster
You didn't bet anything, either of you. Okay.
Brendan Duvall
All right.
Game Host / Quizmaster
Which company that produces a fiber sometimes called Elastane has filed. Elastane has filed for chapter 11.
Christina Raffini
Yes. Elastin. We're naming the fiber or the company or both.
Game Host / Quizmaster
Which company that produces the fiber, sometimes called Elastin, has filed for chapter 11. So what is the company that produces that fiber?
David Gura
I have not. My God. Okay. I don't know.
Game Host / Quizmaster
I really don't know.
Christina Raffini
I have to pick one.
Game Host / Quizmaster
I have to pick one.
Christina Raffini
Okay. I'm gonna pick this one.
Brendan Duvall
Okay.
David Gura
I wrote chapter 11, incorporated. I don't know. I really.
Game Host / Quizmaster
What do you have?
David Gura
Lycra.
Game Host / Quizmaster
Lycra.
Christina Raffini
Yes.
Brendan Duvall
That is.
Christina Raffini
Wait, really, I can't.
David Gura
You don't get any more points for that.
Christina Raffini
I thought it was Spandex, and then
Game Host / Quizmaster
I thought, yes, the maker of Spandex. Spandex. Okay. So Lycra, the maker of Spandex, you know, struggling with the supply chain issues since the Pandemic but again, inflation, tariffs a lot has affected the company. So that's why I think the lack
Christina Raffini
of leggings and David Gura's life put him at a disadvantage.
David Gura
No, I don't tend to wear them.
Game Host / Quizmaster
No.
David Gura
Unless winter's run.
Game Host / Quizmaster
All right, are you ready for Oscars? I think we're going to do a
Christina Raffini
lot better in this.
David Gura
Yes.
Game Host / Quizmaster
Although Christina's on a roll. All right, Oscars, here we go. So the two films that took home the most Oscars were both distributed by which studio? So which studio?
Christina Raffini
Okay.
Game Host / Quizmaster
Christina betted 10. David went all in on 20.
David Gura
Yeah, I'm all in on this.
Christina Raffini
I'm not feeling good about this.
Game Host / Quizmaster
Are you not feeling good? Okay.
David Gura
Me and the Animaniacs.
Christina Raffini
Are you? Oh, well, okay.
Game Host / Quizmaster
Live it down.
David Gura
Warner Brothers. Warner Brothers living in the water too.
Game Host / Quizmaster
Mgm. Christina, you gotta hand over your 10 to Matteo.
David Gura
I believe. I believe MGM was the subject of a joke by 1 Conan O', Brien because MGM is now Amazon's company. And I don't think they had any nominations.
Christina Raffini
No, they also, you know, the producers of project Hail Mary.
Game Host / Quizmaster
They did. Okay, so let's, let's break down. Okay, the awards. So they took home 11 Oscars, right? Six for one battle after another, four for sinners and one for the horror film Weapons, which I haven't even seen. I haven't seen that one.
David Gura
That was, you know. Did you watch the Oscars?
Game Host / Quizmaster
I didn't, no.
David Gura
Okay, Anyways, there's a whole send up of it.
Christina Raffini
But anyways, with the character from Weapons. Yeah, because then she won anyway.
Game Host / Quizmaster
All right, all right.
David Gura
Is there a bonus?
Game Host / Quizmaster
David, you're ahead. Wait, hold on. 10. Oh, 20. 20. Wait. Okay, are we. No, he's got 30.
David Gura
You stacked 30. I just wanted to stack them all there because we're here for the bonus round.
Game Host / Quizmaster
All right, he's got 30. Christina's got 20. We're gonna go for the bonus.
David Gura
All right, here we go.
Game Host / Quizmaster
Okay, ready? Let's go for the bonus.
Christina Raffini
I'll lose my winning because it's very upsetting. Okay, here we go.
Ernesto Sobron Guzman
We're going.
Game Host / Quizmaster
Baseball. That is the category.
Christina Raffini
I'll give it to him now. All right.
Game Host / Quizmaster
In the World Baseball Classic, team Italy had a viral home run celebration consuming which product? What were they drinking?
Christina Raffini
Wait till this one.
David Gura
It wasn't Negronis.
Game Host / Quizmaster
That would have been interesting, though.
David Gura
Would have been very, very interesting. All right, I wrote espressos.
Game Host / Quizmaster
Esposo. Yes, David. Espresso.
Christina Raffini
It is Zazo's espresso.
David Gura
Well, we didn't ask for the name brand. We didn't ask for the name brand.
Christina Raffini
I object.
Game Host / Quizmaster
They had a whole like a machine in their dugout and they would.
Christina Raffini
That's someone whose last name is Raffini. That is the most Italian thing ever. I know.
Game Host / Quizmaster
Feeney David David Gura is the winner of this pointed. You guys play along at home too. It's a lot of fun actually.
David Gura
Find it where bloomberg.com yeah, Bloomberg and
Christina Raffini
you get multiple choice at home. You don't have to just come up
Game Host / Quizmaster
with the you do. You get a little bit of help. Multiple choice. It's a fun game. Go try it out.
Christina Raffini
Thanks for joining us on today's Bloomberg this Weekend podcast. Don't forget to tune in live for the show every Saturday and Sunday morning starting at 7am Eastern.
David Gura
We're on Bloomberg Television Radio and the Bloomberg Business app, bringing you unique takes and in depth interviews on news, politics, lifestyle and culture.
Andy Weir
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Episode: US Lifts Sanctions on 140 Million Barrels of Iranian Oil
Date: March 21, 2026
Hosts: David Gura, Christina Raffini, Lisa Mateo
This episode of Bloomberg This Weekend unpacks two major news stories affecting the global political and economic scene:
The podcast also features a lighter segment with author Andy Weir (The Martian, Project Hail Mary), a news quiz, and cultural recommendations. The discussions provide expert perspectives on energy shocks, geopolitical risk, diplomatic crises, and cultural currents in a turbulent period.
Key segment: 02:18–09:17
Extraordinary Waiver of Iran Sanctions
Ripple Effects in LNG Market
Guest: Brendan Duvall, CEO of Glenfarn Group (liquefied natural gas projects).
LNG prices have surged from $10-11/MMBTU before the recent conflict to $30 on spot markets due to supply fears.
Comparison to Ukraine Crisis:
Infrastructure Dilemmas & Timelines
Impact on US Natural Gas Sector
Alaska LNG Project Pitch
Key segment: 11:53–21:30
Escalating US Rhetoric & Blockade
Cuba's Position on Negotiations
Leadership Questions
Impact of Oil Blockade on Daily Life
Cuban Resilience and Global Support
Message to US Public
Key segment: 24:06–32:44
Book-to-Screen: 'Project Hail Mary'
Making the Alien Truly 'Alien'
Process: Science vs. Story
Relatability & Optimism in Science Fiction
Creative Visualization & Character Depth
Redemption & Growth in Storytelling
Key segment: 35:18–41:44
Diplomacy:
Bankruptcy:
Oscars:
Bonus (Baseball):
Banter about losing points, illustrations of shamrocks, and why hosts don’t wear leggings provide levity.
For listeners who missed the episode, this summary captures both the analytics and the personality of the broadcast, offering insight and context across world events, economic shifts, and cultural milestones.