All right, Alexander, let's talk about the BRICS summit in South Africa. We have six new countries

entering BRICS. The name will stay the same, from what I understand. We'll have six countries,

Argentina, Ethiopia. That was a surprise. Ethiopia. Egypt, UAE, UAE, Saudi Arabia, and Iran.

What do you make of the makeup of these countries, the geography of these countries, and then of course the energy resources of these countries that are entering bricks?

Yes, there's been some trading off between the various brick states.

So the Chinese wanted to expand bricks.

The other countries, the Brazilians and the Indians were less keen.

The Russians sat a bit on the fence, but they eventually came round round so what has happened is that the various

BRICS leaders came together and they came to agreements so I think the priority for the

BRIC states for the Chinese was to bring Saudi Arabia the the UAE and Iran into the bricks.

I think that was perhaps what the Chinese were most keen on.

But the Russians wanted their friend, Egypt, which is a good friend to Russia.

They wanted Egypt in.

The South Africans wanted another African country, so they got Ethiopia.

And the Brazilians wanted another Latin American country, so they got Argentina.

Now, that basically rounds it up.

Now, all of these countries, it must be said, have potentials to add significantly to the Briggs.

Now, Iran, Saudi Arabia and the UAE, they're big oil producers, their big commodity producers. Iran is an enormously, potentially

an enormously rich and powerful country if it gets organized properly. It's anxious to get out

of the sanctions systems that have been imposed upon it by the United States. Joining the bricks

provides that opportunity.

It can now establish trade links.

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