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tv   Boom Bust  RT  July 7, 2018 1:30pm-2:00pm EDT

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bullets in the world's top ten in denver international built in one thousand nine hundred ninety five is the first one on that list in the twenty eighth position the real problem however is that with the explosion of people traveling many airports are operating beyond their design capacity so we have a situation where the airports are crowded they're basically bursting at the seams and they're. looking to see traffic as increasing over the in the coming years over and beyond but there are already handling so there's definitely a need. to improve america's infrastructure according to the department of transportation a record nine hundred sixty five million a line passengers flew in the united states last year that's a three point four percent increase over twenty sixteen and more passengers mean more dollars in fact the federal aviation administration calculated that in twenty
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fourteen civil aviation generated one point six trillion dollars and supported around ten point six million jobs and not just any jobs because a lot of the jobs that are done at an airport especially when we talk about aircraft maintenance and in other areas you know airport management these are high tech jobs these are jobs that pay very good incomes each employee who is a highly paid skilled worker you know he's going to be part of a chain of a whole bunch of other workers along the way so having a good airport having a well maintained. meeting a favorable destination is one of the best things you can do for a community the f.a.a. also estimates that the national cost of a poll congestion is expected to rise to thirty four billion in twenty twenty before going on to sixty three billion by twenty forty of current funding levels. and this takes us. to the issue of funding in america airports are funded in very
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different ways such as federal grants passenger facility charges bones and state and local grants it's not an easy puzzle to result in coordination between different sectors is as important as actually coming up with the money and airports need a lot of that according to a study by a ports council international usa ports need an estimated seventy five point seven billion dollars in infrastructure investment through twenty nine but american airports only need an upgrade they require a deep comprehensive plan if that doesn't happen the country that saw the birth of aviation will struggle to compete in the twenty first century nicholas' o'donovan.
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oil and natural gas are driving forces behind much of the nation's energy and the transport behind it lies in our country's pipeline infrastructure for a closer look archie saya tab in your report. the u.s. currently the largest consumer of oil consuming twenty million barrels a day just in two thousand and seventeen but that wouldn't be possible without pipelines that transport the field from its source to the market and although the u.s. has fallen behind internationally and seen every critic line and its infrastructure when it comes to telecommunications transportation and water there one critical bright spot has been on energy thanks to what has come to be known as the shale revolution the u.s. is now growing closer to becoming a net exporter of crude oil and natural gas. and is projected to bypass russia and
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saudi arabia the current global leaders in energy but this dramatic spike in energy production has created a dilemma in that the existing pipelines are not equipped to deal with such an influx as there are already operating in full capacity let's take the cost of transporting natural gas by train a cost that's nearly five or six times that of transporting by pipeline as economist kevin gillen explains first of all take the train transportation by train is sniffing more expensive than transportation by pipeline just to give you some numbers it costs about ten to fifteen dollars a barrel to transport a barrel of natural gas by train and had only five dollars a barrel to transport a pipeline so if cost of transportation by train is two to three times transportation by pipeline the u.s. currently has more than two point six million miles of pipeline that transport more than sixteen billion barrels of crude oil and natural gas through the pipelines annually making it the world's largest network and of that network on more than two
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hundred thousand miles of liquid pipelines over three hundred thousand miles of gas transmission pipelines and more than two point one million miles of gas distribution pipelines that move energy and raw materials that fueled his nation's economic engine but currently major ports like boston still rely on foreign oil from russia via the united kingdom as the region's high and unstable energy prices are routed would inadequate natural gas pipelines to meet its demands oil industry's top lobbyist jack straw to highlight at how resistance to infrastructure development has led new englanders with some of the highest electricity costs in the nation particularly so through extreme winters the recent cold snap highlighted the difference between policymakers and regions and embrace america's energy abundance and those that do not. for example new englanders have been subject to
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some of the highest electricity costs in the nation well above national average because of resistance to infrastructure development but the trump administration's infrastructure plan released earlier this year is set to change all of that with an aggressive one point five trillion dollar plan that includes a sophisticated energy pipeline but an unexpected hurdle has been president tromps recent twenty five percent tariff on steel and ten percent tariff on aluminum as terrorists on pipeline materials could be especially problematic for the industry since a large share of these products are imported at another major development and holding back the building of new pipelines has been funding we did grow from american shale in recent years the industry estimates that roughly one trillion dollar is needed in infrastructure costs over the next two decades in order to keep pace with
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increasing oil and gas production demands with one third of that being spent on new pipelines but the good news is that direct capital investment for the construction of new pipelines will average fifty five billion dollars through twenty twenty five so while the ultimate outcome is unpredictable the intention remains clear for the trump administration and the industry to put the u.s. as a top net export or of natural gas and oil and move not possible without infrastructure to support the pipelines sayyid have enter r.t. washington d.c. . and we can't we bridges out if we talk about infrastructure and we won't here's article. responded. with more. fifty four thousand bridges
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similar to the one behind me that are structurally deficient here in the u.s. that's according to report released by the american road and transportation builders association the report states americans cross these deficient bridges one hundred seventy four million times a day potentially placing their lives at risk according to the report deficient bridges are defined as safe to drive but show signs of age and decay and are in need of regular inspections last year the american society of civil engineers gave us and from structure ideally plus a greet the group estimates the u.s. government will need to spend two trillion dollars over the next ten years an order to keep american and from structure from falling apart the group says over the last ten years there has been a two a trillion dollar gap in which roads and bridges and mass transit transit systems
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were neglect it runs one point five trillion dollars plan would include congress three directing two hundred billion dollars of federal funds to amtrak and transit programs over the next ten years while calling for millions of dollars to come from cities states and the private sector the downside is that public private partnerships usually work and urban areas but require projects that generate money like toll roads and airports now only thirty five states allow that democratic congressman and ranking member on the house transportation committee peter de fazio believes trumps and front structure plan will fall apart if there isn't any substantial federal funding adding quote cutting other already underfunded transportation programs to fund a new program is not going to happen experts believe the likelihood of congress focusing on infrastructure this year is slim to none and washington eisley banks arts. time for
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a brief pause but hang here because when we return we'll look at the all important electrical grid and as we go to break here's a quick question for you how many cars trucks buses motorcycles and other vehicles are there in the united states is it one hundred sixty eight million two hundred eighteen two hundred sixty eight million or three hundred eighteen the answer straight ahead when we return. next geysers financial survival guide liquid those that you can burn is it is quite easily. to keep in mind no assets i mean to place in. or. and that's not what i got from the other. look though that. out of the
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mouth of the money they let you in. this was a good time to. try to move there i'm doubting your mom. no not that i want to get my money not why not again or x. chanting and they'll all people who believe just a little bit here. but what i can say what the bible said john a lot of the moment i thought of motherhood a little because there is a lot of money on the way to my building a little of the pins i don't want to put out a little more thirty or the older mother blow their.
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ministries police forces and city administrations of many countries depend on one corporation that does what mike was hoping the board doesn't run from the muslims out of this is not the guns it's not the woods as that's either the gun into the sea it's just possible bribing them proprietary software you don't know the source code isn't that such a security risk when you have a black box operating in the public eye to microsoft's dependency puts governments under cyber threat and not only that i think softness can put more on. the softness of the essence of the selling this is also the only one of them will be true for most of the. this you will do. with. this is. most likely done with the old vision stopping it was a student who is a friend is up and his cards in the five.
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welcome back to our quiz question how many cars trucks buses motorcycles and other vehicles are there in the united states is it one hundred sixty eight million to eight hundred two hundred sixty eight million or three hundred eighty million and the answer is c. two hundred sixty eight million vehicles in the united states. another key component our infrastructure system is our electrical grid for more on this we turn to our to correspondent natasha suite. increase it were noble energy like wind
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and solar are soaring it only accounts for roughly sixteen percent of the u.s. is electricity so the question remains on what's the best method to modernize our grid electric car rebates. and gas tax. are all examples of the government stepping in hoping to either promote a certain type of energy or discourage it and now is more households are utilizing solar energy surprisingly enough it's still an even close to being the majority just to be clear solar is not that still more expensive and with the institute for energy research says that according to the federal government's predictions even by the year two thousand and fifty seventy eight percent of the u.s. is electricity will likely still be made up of fossil fuels wind suffers from intermittency issues so there are certain. areas where niches a wind source can be very effective but in general you know there's only certain areas where the wind blows more than one point seven million solar energy systems are installed nationwide with a capacity of over forty gigawatts and solar energy industries association
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estimates that one megawatt of electricity can power one hundred sixty four homes so forty gigawatts is reportedly enough to power more than six and a half million u.s. households but whether noble or more traditional sources of energy like coal murphy believes the federal government shouldn't be in the business of picking winners and losers in the energy sector i've been consistent on that i don't think that the obama administration should have been favoring wind and solar and i also don't think the trumpet ministration should be trying to implicitly subsidize nucular and coal fired plants either i think that the government's role should have a neutral playing field and let the consumers and producers decide but one place where people desperately do need help is in puerto rico unfortunately while they have made significant progress rebuilding capabilities there are still communities in puerto.

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