nations get ready to drill the north pole for oil and gas paid lavelle of his gas next tackle whether it can be done without shattering cross-talk just. hello and welcome to cross talk i'm peter all about unfreezing assets as the polar caps melt interest in exploiting this with that region's vast resources gaining pace it could be years before the arctic borders are finalized in the meantime claimants are equating facts on the ocean floor. to. discuss the arctic future i'm joined by terry mcallister in london he's the guardian's energy editor here in the studio with me is priscilla wall executive director at the northern forum and lars collude he's the president of the university of the arctic and another member of our crosstalk team on the hunger if terry if i can go to you first there's a conference that's been going on here in moscow the arctic territory of dialogue and the two words i keep hearing all the time is dialogue cooperation dialogue and cooperation i want laci i watched a lot of the festivities and what was going on there the speakers of course the prime minister of russ

from the eighty's oil spill the exxon valdez oil spill alaska learned a lot about environmental regulations being prepared unfortunately it appears that other places in the world didn't learn with us and we see the spill in the gulf of mexico. for alaskans this was this was a tragedy because we had already learned the lessons you come prepared when you work offshore. the spill prevention plans that were turned in by the oil companies had statements in it about protecting walruses the last time i checked there are no walruses in the gulf of mexico so they're here to do cut and paste and it really i think they have cut and paste and i think that's the tragedy of the of the gulf of mexico oil spill was that we learned a lesson in alaska that never got transferred but you know that the thing is terry if i can go back to you real quickly the learning learning curve for environmental protection is probably a lot of flatter than greed and again greed drives a lot of things ok i mean still going in there i mean view for see that i mean you think that you know they learned their lesson of the oil in

that that oil and gas is being done in partnership so you will have for example b.p. and t. and k. working together so you have these consortiums that are being set up and if we see chinese oil companies or other outside oil companies working in the arctic i suspect it will be in partnership and probably a minority partnership with our russian company a canadian company or an alaskan company. should it just be would it be better just to keep it internationalize so you could keep conflict at bay because once you draw the line you saying this is ours ok because a country if they think other european union countries they would they want to be able to cross these he's the the water when it's on the ice has melted but if that's going to be somebody else territory somebody control i mean doesn't the that's that's saying keeping people out they can keep people out and what about the military what about nato's use of it here i mean as much as we talk about this cooperation here the united states the united states and nato and russia don't see eye to eye on all these will what

place oil? >> some scientists believe microorganisms could be the key to future energy production, possibly even replacing oil, but research is still in its early stages. microorganisms of many different potential uses. for example, they can be used to extract starched but from plants. starches used for of plastic products. would it be the key to putting it and it to images like these? pelican's covered in oil in the gulf of mexico? -- pelicans. could microorganisms one day and the need for oil altogether? at the moment, oil is still one of the world's most important raw materials, but most of it ends up polluting the environment, and a truly viable alternative still seems a long way off. it is also used to manufacture textiles, nylon, for example. goody's also be used using other technology? oil products are also used in lipstick, skin cream, and even in pacifiers for babies. could we still make these things without oil? how dependent is the chemicals industry on fasano resources -- fossil reso

we can continue to get oil and gas or 60% of our oil from countries that hate us. they use the money to do many things to harm our country. or we can go to the most response will country in the world becomes to oil and gas development. that is us. we can develop our resources properly as we continue to diversify our energy base in this country. it is not either or. they have to go together. i hear this theory. they say that we can delay the arctic long enough that the economics will not work and they will go off somewhere else like nigeria port sudan. that is a moral argument i am not willing to accept. that is unacceptable for us as citizens of this country to say that we will continue to buy oil from countries that are not equal to our environmental standards right now. as you do your work, we will have even better environmental standards. it is a moral argument we should not subject ourselves to. we have to do this the right way. there might be differences, but lay out the rules. let's see where we go. if we do not lay out the rules, no one goes anywhere. >> tha

mixtures of oil and dispersants were no more toxic than the oil alone. that would mean moderately toxic. we would make an investment into the scientific research of this person. congress has appropriated $2 million to begin a study. these funds will help support research on the short and long- term environmental and human health impacts associated with the oil spill. we we were in a position with no perfect solution. preventing the of from reaching the shore was the number one goal. still, we must learn from this tragic event. i am committed to recommendations, particularly regarding dispersant registration under the national contingency the national contingency plan. a new orleans native, i know firsthand the importancef the gulf coast. we have a great deal of rebuilding t do in material terms d iterms of restoring the community's trust and government can and will protect them in a time of need. this is onof those times. i urge you we do everything we can in our power to insure strong future for the gulf coast. i welcome any questions you might have. >>

is a working definition of peak oil and talk talk a little bit about it well essentially peak oil is the production maximum it's not a reflection of how much oil is or is not under the ground it's what can you extract and so you have to look at net energy energy return on energy invested which is falling off a cliff then if you get to the point where the energy return on energy invested is one now which you put a barrel of oil in and you recover a barrel of oil is with energy at that point you no longer have an energy source it doesn't matter how much oil is left under the ground you can't get it and the reason that energy return on energy invested is falling so sharply is that we cherry picked the easy cheap things to get at and we have now left the difficult and expensive fraction where people are working in the deep offshore and looking to work in the arctic and working in a iceberg alley off newfoundland for instance these are areas where the costs of production are very high not just in financial terms but absolutely in in energy terms. the amount of energy it takes to put in co

10% of the oil? i submit we will get actually recovered less than 20% recovered in the gulf of mexico. the point is not that shell is doing a bad job of designing the plan, the point is what can we actually expect in a realistic results? that's the place where i submit we are not in position to handle the worst case. >> did you want to comment, mayor? did you want to comment on the last exchange? >> the comment that i had made -- it has been a least three years ago, when i said it was too much, too soon, too fast. that's a part of the dilemma we are facing appear because of the compressed windows we have been forced to deal with. we do not have a level of comfort -- because this is a frontier, this has never been done up here on this scale before, though i acknowledge prior offshore work has been done. i have eight points as policy points that i have been pointing out to as many people i can, not the least of which is a coastguard present oil spill recovery, but to get a little more specific, there i

the rise whereas production of oil seems a peaked out certainly the cheap oil the oil that's relatively cost effective to get out of the ground we've gone past that point and now all the oil to be found going forward is going to be considerably more expensive by then blow the answer there but big oil. is a working definition of peak oil and talk talk a little bit about it well essentially peak oil is the production maximum it's not a reflection of how much oil is or is not under the ground it's what can you extract and so you have to look at net energy energy return on energy invested which is falling off a cliff intially if you get to the point where the energy return on energy invested is one now which you put a barrel of oil in and you recover a barrel of oil so with that energy at that point you no longer have an energy source it doesn't matter how much oil is left under the ground you can't get it and the reason that energy return on energy invested is falling so sharply is that we cherry picked the easy cheap things to get at and we have now left the difficult and expensive fracti

oil spill the government and b.p. say the oil in the gulf of mexico has almost entirely disappeared scientists say it's mostly still there tell us what each side claims and who's lying well this all started on august fourth when the government released this oil budget report that many interpreted as saying that you know three quarters of the oil is gone in the golf i mean we had the white house time and energy adviser going on t.v. saying exactly that that three quarters was gone but in actuality when you looked at the report it wasn't that it was magically gone it was either dispersed throughout the water you know twenty five percent of what was still at or near the surface and then you know another another twenty five percent had had either been removed or evaporated in some way or another last week we had a congressional hearing about this issue and the head of this report no i said you know actually three quarters of this is still me environment that interpretation that three quarters of it is gone it's just wrong

. >> well, with the walnut oil, it's a very full-flavored oil, very nutty and robust. >> and find out why these kids may play an important part in the future of agriculture in california. >> i'm kind of a girly girl. some days i wake up, i'm like, "gosh. i do not want to get dirty today." >> it's all ahead, and it starts now. one of the great things about farming in california is that it seems like almost anything can grow here. and just when you think you've seen everything, a farm like this comes around. welcome to rivenrock gardens, just outside of nipomo. farmer john dicus came up with the idea, and the rest, as they say, is history. >> it's really healthy. it's an environmentally friendly type plant. it doesn't require quite as much water, nutrients as anot@er plant would for the same amount of food value that you get from it. it's a healthy plant. we eat it for ourselves just for the health that it gives. so it seemed to be a natural plant to share. >> though they may look the same to us, there are actually about 400 varieties of cacti, and while not all are edible, john does gr

. >>> the ruptured bp oil well in the gulf that led to the worst offshore oil spill in u.s. history is spermnantly capped. over the weekend workers filled it with cement. 206 million gallons of oil spilled from the well since april. bp has already shelled out $8 billion and set aside another $20 billion to compensate victims. >>> campaign 2010, a bizarre development in the campaign of republican senate candidate christine o'donnell. it stems from a tv clip that's making the rounds on the internet. here's bob orr. >> reporter: no hotter political force in terms of buzz than republican senate candidate christine o'donnell, who rallied her delaware supporters at a sunday afternoon picnic. >> we are going to win this by uniting the party and we're going to win sussex county, i'm very confident that we're going to win this election. >> reporter: her tea-party-backed campaign took another weird tryst when she canceled appearances on two network shows, cbs's "face the nation" and fox news sunday. >> she she had scheduling conflicts and couldn't be here. >> reporter: the campaign ex

are you worry that major oil companies are going to block this effort usher mark well major oil companiesmake, but ultimately the oil companies could benefit from these technologies just as america could benefit from these technologies. the businesses will ultimately declined. it's the foreign exporters that have all of these resources, not the oil companies. so they need to look into what their future is going to be. in my book i actually examine with the oil companies and their money on what they should be spending from a shareholder's perspective. very good ideas, thank you very much. lewis reynolds author of the new book "america the prisoner". on our website firstbusinessnews.com, the governor of michigan talks about the state of the american auto industry and how a new battery factory is hiring workers. plus, hear from a woman who's taking an unusual hands on approach to commodities trading. and how to make a smoothyou can find these stories plus full shows if you missed any all on our website firstbusinessnews.com. and straight ahead on the show.... the potential water crisis next.

a day or so after the oil well oil ceased toapped flow into the gulf, our home town newspaper ran an editorial that said that we kept the oil well but when will begin capping the nitrogen coming down the river that is causing this problem? this is something the epa has complete responsibility for within the federal government. i wonder how dealing with this problem as well as the other environmental issues in the gulf coast would play into the administration's efforts to respond and restore the gulf in the wake of this spill? >> the president truly unprecedented turn in his oval office address to the need to look at the ecosystem and the rest of the coast as a whole made me proud because i think it was a recognition. there is the atlantic ocean, the pacific ocean, and a big water body down by texas, louisiana, and alabama, and florida that was unnamed. i was looking at an old map and i made a joke about it. it is really unprecedented for everyone. the eyes of the country were on the gulf, realizing that this resource that we rarely talk about is truly an outstanding resource, any way

we call an oil spill drill. it was in lafayette, louisiana. we simulated that we had an oil spill in the gulf of mexico, and we mobilized our teams and responded, played out the scenario over a two-day period. the comment i made to our people at the beginning of that exercise was that every day, 30,000 marathon people around the world do their best to ensure we never have that kind of incident, but we need to be prepared. i am an lsu tiger, but i quoted a coach who used to say to his team's, failure to prepare is preparing for failure. what i said about that drill was, we are preparing so we can be successful in the event we have an incident that we hope will never happen. we learned a lot in doing that drill, in terms of our capability and things we need to do better and the things we are already doing well. our intent is to never have that kind of incident, but in the unlikely event we do, we would be prepared to deal with it. i think that is just the kind of people marathon are. so thank you very much. [appla

out there, we still don't quite know how much oil, right? wnd and we don't know how much may have settled on the sea bed. >> we know a lot about what has come ashore. there is a lot of controversy, a lot of talk out there about what subsurface oil may exist. i have been working hard the last several weeks to try and unify the federal effor effort-- with nola to unify the federal effort as far as monitoring for subsea oil with a lot of the state and local academic institutions in florida, alabama, louisiana and mississippi to try and unify our data gathering so we can actually create a picture of what the gulf looks like and where the oil is at below it. >> brown: do you have any personal sense at this point about how much might be out there? i mean in the sea bed. >> i think there is a lot of conjecture. we have been taking data almost since the event started and we find background traces of oil and every once in a while we will find aggregations of small drop let its but it's usually in background or trace quantities. what we really need to

of crude oil. bp faces hundreds of lawsuits and compensation claims. its report today insist no single factor caused the disaster. it does accept some responsibility, but also points the finger of blame at several other companies and work teams. it speaks of a complex series of mechanical failures, as well as human error and faults in the engineering design. >> april 20 of this year. the worst oil disaster in american history. oil leaking into the gulf of mexico for 87 days. at last, a detailed explanation from the company said to be at blame for the disaster. >> this is an animated reconstruction of the tragic accident. >> bp catalogs save the kids that did not work, pressure cast that went on -- safety kits that did not work, pressure tests that went on tested. >> it is an enormous report where bp explicitly admits it got it wrong. the company may feel it has too much to lose. the game is given away in this final section on recommendations. it calls for improvements to procedures in engineering,

to monitor the oil condition has improved. >> reporter: edmonds sent to a laboratory for analysis oil from a car that already lasted 7,000 miles. >> and they said this was probably good for another 2,000 miles of oil life. >> reporter: some car manufacturers go so far as to recommend oil changes every 20,000 miles, which edmonds research doesn't dispute. >> mechanics and other automotive experts say using the more expensive synthetic oil can justify waits between oil changes. >>> an oregon man is marking this labor day trying to shoot down a world record. bill carlton is attempting to break the record high score of 80 million point placing the classic video game missile command. he started playing the same game saturday and plans to play through today to break the record. the 30-year-old game was designed during the cold war and some credit it with helping to launch the video game industry. >> looks different from the ones you can buy today. >> that was showing my age, that was the game when i first would go into video arcades, that was the game everybody was crowded around. >> pac-ma

>> then we have to investigate ways of recovering the oil. >> the oil company uni cal owned the shipowever because of acts during the war they are not responsible for any clean up fund. that would come from a federal fund designated to oil spills. alex montano. cbs5. in lion. last we . >>> there is a pea morale that has been setup on a street in berkeley near where police shot and killed a mountain lion. last week police spotted the lion wandering around a residential area of the city around 2:00 in the morning. they shot it in the driveway of a home saying that the public was in danger. but in politically correct berkeley some of the notes at the memorial called the animal innocent and helpless and said it was slain. that mountain lion was just one of a few that have been reported in the bay area over the last few months. tonight's good question, how rare are mountain lions in this part of california? [ growling ] >> they are known by many names, cougar, pan that, puma. the fact is that california mountain lions are more closely related to leadership arizona than lions and they are

still -- by the oil spill. they will be living with uncertainty about the final spill. >> still ahead, bracing over the ice. is this the greatest way to cross antarctica in record time -- greenest way? david cameron's father has died after suffering a stroke. he died shortly after his son arrived at his bedside. mr. cameron described his father as a huge hero figure. >> today david cameron left his deputy in charge as he rushed to his father's side. the father was 77 and joined his father on the campaign trail. while on holiday with his wife he suffered a stroke. she called the prime minister this morning, and with the help from a helicopter mr. cameron flew immediately to the hospital. >> we wish him, his father and their family the best wishes. i am absolutely certain he has made the right decision to be where he knows he has to date with his father and family. >> a few hours later downing street announced be in cameron had died. -- announced ian cameron had died. his son spoke often about how he had been ins

another way, again, with the oil. is with the oil. i showed the oil situation.ernment ties our hands and makes it difficult or impossible to drill for oil through regulation and bans so we have to buy it from venezuela, brazil or mexico. we can't make things cheap like they can. we can't drill the oil because of our government. so we send our money to them. why do you think the saudis are so rich? they were people in the sand on camels. oil! how did they get rich? we sent them our money. it's redistribution of wealth. that is the motivating factor behind cap and trade. not saving the planet. what did he say? ecological equity. big rich companies will be polluting just the same but paying poor countries to do it. shifting the wealth overseas. this is a staggering map. this is what carbon credits will cost each state. the darker the green here, the more money each state has to send. not to the federal government in washington, but overseas. in texas, it's over $1.5 billion. money going overseas. there is no job creation. we no longer will have the capital to creat

with oil response to ask -- with oil response assets all around the coast, did that work? >> what do you think the gulf coast residents will want to hear? >> they want and lend support. they want to be protected. they want their shorelines, make sure that there is no oil out there. they want to protect the coast. the coast guard has a big job out there. but people have been doing fairly well. >> he talked about the coast guard being part of the gulf coast community down there. and that they will stay for months or years, however long it takes. how do you think people down there would react? >> i think they would be glad about that. he talked a little bit about operations in new orleans. i think people are comforted by the fact that they are there. >> he talked about assets. he did not have any good news there. people have realized this and put more emphasis on this -- he did not say that. there is sort of an irony in that the coast guard is tied up with the pentagon drawdown. the pentagon is having a major effort to draw down defense spending. people are saying, well, the

they don't include the cost of the next war over oil. and believe me, eventually it will come as we become more and more dependent on oil. i mean, i think that we have had enough wars in the middle east because of oil. don't you think so? that is why george schults, ronald reagan's secretary of state is firmly against proposition 23 and is firmly against valero and tesoro are doing. >> but when arnold schwarzenegger and george schultz think big business has gone too far to enrich themselves even more, there is no class warfare in america, it would seem to be over and they would seem to have won. fortunately, we still have david cross. his new series, his reaction to this amazing goofy survey suggesting half of the religious in this country don't know much about their own religions. not dissimilar to sharron angle's latest whopper. she wants to dismantle those social insurance programs. does that not include the one she benefits from? >>> and rachel at the top of the hour will take a closer look at the issues democrats should be running o

noaa tells us the oil she found may be in the 25% of the oil that got away. >>> could president obama and the democrats be under investigation if the republicans win control of the house in november? i'll ask the ranking member of a powerful congressional oversight committee. that's coming up. >>> as the midterm campaign season heats up we'll show you some new and most unusual political ads. >>> and in flood-ravaged pakistan, stranded children await rescue. [ tires screech ] [ engine revving ] [ drums playing ] [ male announcer ] 306 horsepower. race-inspired paddle shifters. and f-sport-tuned suspension. all available on the new 2011 lexus is. it isn't real performance unless it's wielded with precision. [ male announcer ] an everyday moment can turn romantic anytime. and when it does, men with erectile dysfunction can be more confident in their ability to be ready with cialis for daily use. cialis for daily use is a clinically proven low-dose tablet you take every day, so you can be ready anytime the moment's right. ♪ tell your doctor about your medical condition and all medications

the trying to get this tug cleaned of as much oil as possible by high tide some more oil doesn't wash off the boat and into the water water right over here if you can see one of the many wounds that have been put out to hold the oil back. these weapons you see floating in the water our big squares of absorbent material meant to set up oil has already made it into the water when i assume then you could see some of the squares are black with the oil. the state department of fish and game said so far no wildlife has been affected but they have several more of these preventative booms like this one here at numerous locations up and down the river. they have shut down about 2 mi. of this river for fishing and pushed for the time being just to be safe. tomorrow the begin the operation to hold his old tugboat marin kelly kron 4 news. >> let's show you where this is on google earth the source of this bill was right here at lake of bill street and hopper. let's take this will give a better idea for talking about. yesterday the department of fish and game said he can see light oil sheen for 2 m

there was bunker oil inside the boat so they cut through the hole let the bunker oil out into the watert's where we are getting our release from. they have to hire a private company at their expense cleaning it up and could face criminal charges. >>> a tahoe man's labor day stunt lands him a day in court. the 54-year-old climbed the millennium tower in san francisco on the outside 58 stories straight up the glass building. why? the answer apparently in a press release that he left on the ground. it said that he wanted to raise awareness about cancer and about the threat of terrorism. >> i just felt like it was my moral obligation to do something about it because i feel that our country is vulnerable to attack. i'm not a terrorist. i won't commit suicide. this is about something much higher than that. i'm doing it for all the cancer survivors out there all the people fighting for cancer. i wanted to be the rallying call. >> the millennium tower is a luxury condo building. goodwin received two misdemeanor citations and he says he is going to climb again. but he wouldn't say where. >> let'

to monitor the oil condition has improved. >> reporter: edmonds sent to a laboratory for analysis oil from a car that already lasted 7,000 miles. >> and they said this was probably good for another 2,000 miles of oil life. >> reporter: some car manufacturers go so far as to recommend oil changes every 20,000 miles, which edmonds research doesn't dispute. >> it's 4:48 now. chances are you checked your business e-mail over the labor day holiday. a survey in pc world finds that 72% of americans check their business e-mails outside of regular business hours, nights, weekends, holidays no longer the sanctuaries they used to be. >>> money can buy happiness apparently, but only to a point. a new study by the national academy of sigh yens surveyed 450,000 americans over two years. it found people feel happier as their income rises. but the euphoria levels off at about $75,000. those who go from makes $100,000 to $200,000, feel more successful but not necessarily happier. >> i would try to be happy above $75,000. >> trading starts again in a few hours after a long holiday weekend. courtney rea

it was the biggest oil spill in u.s. history. the gulf of mexico disaster caused damage to marine life, coastal communities and big business. now the question is, could it happen here in britain? and if it does, could we cope? european ministers have agreed to review oil drilling as the british government considers whether three new deep-water wells should go ahead. this report from from our environment correspondent. >> a training exercise for the nightmare of another massive oil spill. just off southampton sections are inflated. it's a laborious task. there's no oil in the water, but everyone is acting as if there is. this is a rehearsal for what will happen if there's an accident off the shores of britain. this kind of training matters more than ever now, as the oil industry moves into deeper stretches of ocean. the key question -- will any of this be enough if there's a blowout like in the gulf of mexico, but in british waters? the aim, as always, us to keep any oil from reaching the coast, and then to break it up by spraying

>>> it's happened again and it's hard to believe another oil platform explosion and fire in the gulf. we'll show you how close it is to the bp incident. >>> pain relief. what if there was a way to alleviate suffering by going inside a whole new world. a final wish for one of the veterans of the greatest generation. >>> and what if restaurant inspectors came to your kitchen? how do you think you'd stack up? inspectors came to your kitchen? how do you think you'd stack up? "nightly news" begins now. captions paid for by nbc-universal television >>> good evening. we're covering two major stories on two fronts tonight including the news today that somewhat unbelievably another oil platform in the gulf of mexico off louisiana has caught fire. all 13 men on board survived. it's about 200 miles away from the bp location. we'll have an update on that in a moment. first, instead of great urgency to folks up and down the east coast, hurricane earl. category three, it's headed north. it's a storm as big as the state of california. ocean waves at the center of this have been 29 feet high. the sto

cannot confirm if any oil actually leaked. the governor says if the situation worsens, diane, they have dispersants ready to go. >> such an eerie echo of what we've been through before. thank you, yunji. >>> and now we know how those sharp shooters did what seemed impossible. discovery workers gathered together today, offering thanks to the police who saved their lives during yesterday's hostage standoff. the last few minutes required nerves of steel, and to describe what happened, here's pierre thomas. >> reporter: as three hostages lay face down on the floor, james lee, the gunman, paced back and forth, carrying what appeared to be a remote control. police feared it would be used to detonate explosives strapped to his torso. >> my sense from listening to him and knowing what i know, he had no intention of coming out of there alive. >> reporter: what lee may not have known is that police were watching his every move via a surveillance camera mounted in the lobby. all that information was being relayed by radio to a 12-man s.w