so when you're fracking you're traditionally much, much, much deeper. we're talking miles -- certainly most texas cases at least a mile, some times two miles below the water table. so that, the chance of something migrating up through the rock going up two miles is -- just defies common sense itf that's an, issue. let me go on and visit with mr. mckee. most of your land you have got to get building permits and all sorts of permits. in texas we fly through it in weeks months. certainly not years in getting something permitted on on private land. this is costing -- i assume there's a cost associated with this, not just with jobs, is that correct? >> yes, that's correct. this was a study that was just released that shows that the investment on every well is about $6 million in utah. and so when we -- you know, there's the mineral lease royalties, the jobs. there's the -- >> and when land is leased from the federal government you pay a bonus to get the lease. you buy the lease. >> that's correct. >> then from everything that's produced the federal governmen

at our tier we have dedicated many segments to talking about hydraulic fracturing better known as fracking the risks it poses the dangers and on the flip side the economic benefits of the controversial procedure either way the practice is not only forging on it actually is expanding take a look at this it's a breakdown of the u.s. energy projection for the year two thousand and twelve the forecast for coal generated electricity is expected to fall between forty percent that's the lowest level since the government started collecting the data back in one thousand and forty nine meanwhile natural gas use is on the rise it will be used to produce twenty nine percent of electricity up from twenty percent and two thousand and eight nuclear energy production now accounts for twenty percent of electricity and the remainder comes from renewable energy sources so as you can see companies are ditching coal for natural gas and the supply and the more supply at this gas grows the cheaper it gets people on both sides of the issue are passionate about their position those who support fracking say it pave

other states -- many other states do not do fracking at all. the ones that do do it have a track record that indicate they can do it. oklahoma, texas, west virginia, ohio, et cetera. even if they don't have an existing prom now they as states and i can this as my experience as a state regulator are in the best position to know their states, know what to do and get the regulatory plan that they need in their state. >> but you would concede at least as an intellectual could see that will could be a state where fracking is occurring that is not as robust and diligent as pennsylvania. >> i could concede that sasquatch is in the woods. that doesn't get us anywhere. >> this is my time. and the point is you don't have expertise with respect to the other states. you do with pennsylvania. >> that's a red herring you don't either. the bottom line is -- >> the issue here is whether or not the federal government has a role. you've testified you think it should not have a role. >> no, i don't think the issue is whether the federal government has a role. the

the practice is commonly called fracking. a house oversight subcommittee held a a hearing on the environmental health and impacts of fracking. chairman of oklahoma chaired the hearing. ready. committee will come to order. this is a hearing on rhetoric versus reality. it's the second part series today. we did an earlier one with the full committee this morning. this is assessing the impact of new federal red tape on hydraulic fracturing and american energy independence. this is part of the oversight and government reform. this is the subcommittee we exist to secure two fundamental principles. first, americans have the right to know the government takes from them is well spent and second our gunshot duty is to protect these rights. our solemn responsibilities is to hold the government accountable to taxpayers because taxpayers do have a right to know what they get from their government. well work with citizen watchdogs to bring the facts to the american people and bring genuine reform to the federal bureaucracy. this is our mis

the issue there is the state fracking regulations don't pertain to federal lands. and in many provinces of the west, we'll have fee land, state land and we've got public land. and so we would like to think with the development of our proposed rule a high degree of outreach and public input and that's still ongoing during the comment period that our regulations will be very much complimentary to and very much in line with what the states are doing. it's very important they be in line. >> thank you. >> let me ask about that. the public lands -- you're saying the state rules would not apply. so you're saying state regulations in utah would not apply to fracking. >> that is correct. >> was there a consideration to say that they would, or is there a need for blm to create a whole new group of regulators and now go in and evaluate this? >> yes, mr. chairman. our authority has come under two principle statutes. the leasing act and the federal land policy management act. and so our regulations have to be basically developed under those two statutes for us to enforce whatev

if using diesel in the fracking. >> yes. epa has on its website information about what is and energy policy act, including the fact that when hydraulic fracturing is done with diesel fuels, a permit is required. as in the statute and so we did include that information on our website, as you may know we did have a lawsuit associated with that, which has now been settled. >> i understand but that's different from the document before, is that not true? it's changed. >> i am not sure that i understand your question. >> well, there is a letter from acting administrator stating that the use of hydraulic fracturing using diesel does not fall within the scope of the uic class ii program. now, that's before 2010. >> was that before 2005? >> no. this is before 2010. so the epa then decide to change that. just go on the website. it didn't go through the normal process is what i'm saying. >> it's not my understanding the agency changed its division between 2001 and 2005. into the house and one, week, there was a court decision that said

we have to have it if you are talking about fracking.that same time, the government has to be a supporter and in every way possible have to limit the burden of red tape or excessive regulation. that is -- that is the message. we are in every community, we have certain tribal leadership. many do give back and recognize it is not all about their narrow self-interest. what are those ways that we can accelerate this international job and make sure our grandkids and their grandkids have the same type of tauruses we have? >> if you want to check on the governor's history of innovation, you should google his name and the running of the pigs. [laughter] >> we had the pig farmers and give them the spent grain. they would bring the little oinkers. we would have them run around the block. with all the tv and media. >> google, it is something we have in california. >> i have heard about it. >> governor brown, how did working toward innovation change when you do? >> innovation is no problem. it tried to do something that is not conventional and you'l

they could end up with a tougher public response to fracking than they would otherwise get. >> host: will they align themselves with the other companies that are doing this? in some cases and you touched on it in the book, that they are the odd man out. they are kind of pursuing what they want to pursue and doing it their way and taking no punches and no excuses for it which brings me -- i had a conversation this morning with alec jeffries, the chief spokesman for exxonmobil. i asked him about the book, and i wanted to get a reaction -- his reaction from you which i think you will find very as gone mobile eska but i'm paraphrasing here. he basic he said essentially how we see the book is telling the story of exxonmobil commitment to safety and community. it may not be a popular or professional conservative approach but deserving of the quality of a company of this type. that is how we are and take it. obviously does that surprise you in the course of this book? what is your response to that? >> guest: i appreciate dealing with it in a professional way. they are basically about media,

that's what they did with fracking. so they had been trying to develop natural gas strategy as conventional gas emerged after 2005 and 2006, increasingly looked like a real opportunity, and they were going out and doing the kind of land games and buying up leases, putting it together one patch at a time and trying to build something. but at their scale for them to be a player, they needed to come in big. so they bought sdo in 2010. now, one of the things that's interesting about the fracking story, now they're the largest producer of unconventional -- >> host: of course they are. they make the decision, and then they control, right? >> guest: if you've got $40 billion that you can lay down, you can become the largest at almost anything. but what's interesting, and i wonder what you think about this because i think of climate and a challenge of climate legislation, carbon pricing as an analogous, strategic challenge they faced in an earlier generation where they dealt with resistance to their investments and their sort o

both will eventually revert to the main in our believe at the same time we're falling a lot of frack and pipes and chemical and even waste water up into the pennsylvania-ohio region for all the gas drilling. >> tom: the intermodal business was driven by auto mobile demand. what do you anticipate as we're seeing job growth slow down and income growth slow down and lots of concerns about the u.s. economy turning around and going negative. >> we hear those concerns and surge haven't yet seen them in the car loading. as you pointed out the automotive business is doing well and americans are buying car. that drives growth in steel, plastic and intermodal the story there to a large extend is conversion of highway traffic to the railroad where we offer advantages in terms of fuel efficiency and sustainable. >> tom: with oil prices moving to multi-month lows do you expect to enjoy the advantage over trucking? >> we certainly do. the rail industry has something between a 3 and 4x advantage in terms of efficiency and tons mer pile per gallon of fuel. that advantage has been there for a long ti

the process is called fracking.short time, its success has led to the drilling of 20,000 wells in america, the creation of hundreds of thousands of jobs and a guaranteed supply of gas for perhaps 100 years. the international energy agency says global gas production will rise 50% by the year 2035. two-thirds of that growth will come from unconventional sources like shale, a market that the united states completely dominates. we have become the world's lowest cost producer of natural gas at a cost of $2 per thousand cubic feet. compare that with many european countries, which have to pay seven times as much to russia. it's increasingly possible to use liquefied natural gas as a substitution for oil as a transportation fuel so the effects go beyond simply generating electricity. general motors, for example, is planning to produce cars that can take natural gas or oil in their fuel tanks. aside from the advantages to america, shale gas has the potential to change the geopolitics of energy. so far gas has been supplied b

the plan would limit fracking to economically struggling parts of new york along the pennsylvania border and allow only in communities that express support. more than 100 communities in new york have approved bans or moratoriums on fracking, which involves blasting a mix of sand, water, and chemicals into rock formations in order to extract natural gas. some environmental justice advocates criticized the plan saying it would send an environmentally polluting industry into the most impoverished communities. activist and writer sandra steingraber said in a statement -- york state regulators are expected to approve fracking in the coming months. those are some of the headlines. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman with juan gonzalez. >> welcome to all our listeners and viewers from around the country and around the world. jpmorgan chase ceo jamie dimon testified on capitol hill wednesday for the first time since his bank lost $3 billion in a risky speculative bet. jamie dimon apologize for the loss, but failed to explain how the money was act

fracking is scientifically dumonted at producing air pollution. we know the level of air pollution that is promoted and it is measured. advances in technology make reasonable accommodations possible. directional drilling means we can locate wells miles from schools and still extract the oil and natural gas resource we need and make sure that our children remain healthy. i'm hopeful that my colleagues on both sides of the aisle support this commonsense amendment that will protect public health, ensure the safe development of natural gas and promote domestic energy production. i urge a yes vote on theament and urge my colleagues to join me in keeping our children safe and i yield back the balance of my time. the chair: the gentleman yields back. for what purpose does the gentleman from washington seek recognition? mr. hastings: i rise in opposition to the amendment. the chair: the gentleman is recognized. mr. hastings: i yield myself such time as i may consume. the chair: the gentleman is recognized. mr. hastings: this amendment would really restric

is that one of the dangers of fracking?nmental violations and found that most of the violations were administrative in nature. only about a third involved environmental impacts. and of that third -- go ahead. >> well, one of the other things that the article claimed was that children in the area were testing positive for chemicals in their system including arsenic. did you find anything like that in your study? >> no, we did not. we didn't look at the specific health impacts. we looked at the effectiveness of regulation in controlling the occurrences of environmental impacts in gas drilling. >> meaning you looked at how often the epa was called? >> yes. specifically, the department of environmental protection in pennsylvania, we looked at the number of environmental violations and the occurrence of well blowouts and other incidents in the gas fields. >> many so the residents while they didn't talk about well blowouts they talked about something we showed there on the other side of the screen which was the water runoff. the

but by drilling two miles sideways, that's the horizontal component, and then fracking this rock, whichust means cracking it, you then draw the oil out of the entire system. >> the area that we worry the most about would be the federal government and regulations particularly the environmental protection agency. we're concerned that the federal government would look at this and say, you know, i'm really not sure. let's put a moratorium, that would be devastating. >> from the science standpoint, i know that we're very safe. different people have asked me, am i an environmentalist? my answer is, yes, absolutely i am. i'm a farmer. i want good, safe drinking water here. i think that the country can learn by what north dakota has done. >> that's what i would tell congress. you guys immediate to come and see this. come and talk to the people, see what kind of people are here. see what made this country as great as it is. it's hard working, you know, blue-collar people. not to say that we don't need politicians, but they're not what made this country great. they don't. it's people on the groun

did you know that his company is one of the largest fracking companies in america? earlier this year, the obama administration, you know what they did? they tite tightened regulations on oil and gas industries requiring drillers to capture emissions of certain air pollutants. seems reasonable, doesn't it? harold hamm only cares about making more money. he didn't like that. >> a lot of the things the obama administration has done haven't been helpful to our industry. there are a lot of obstacles. our energy policy in america today is one of energy deprivation. how little energy we can use. that's what third world countries, what the poor countries do. >> my god, i didn't realize that harold hamm was living in a third world country, did you? he's got it so rough right now, he can't live without the bush tax cuts again. to harold hamm, president obama is the guy standing in the way of him moving up on the forbes 400 list. you see, hamm could get to the top ten if he could just get around all these environmental regulations that the obama administration is throwing out

companies convincing tourists a park would be just beautiful with fracking wells all over it how long until speed limit signs are advertising the newest ford or chevy sports car flaunting how it can reach the speed a lot less than six seconds how long until penn station in new york or union station here in washington d.c. get renamed after corporate sponsors and become exxon mobil station and blue blue cross blue shield station is this the sort of future we want where everything that used to belong to us to we the people now belongs to a corporate sponsor or we can't leave our house or send our kids to school or. you know get ride in an ambulance god forbid or call the fire department without being bombarded with by corporations telling us what insurance policy we should buy what pizza we should order or whether or not we should get our fried chicken extra crispy or original recipe. this of course is the world vision by iran and in all our brave new world bodies like alan greenspan and paul ryan but frankly to paraphrase antonin scalia today if the founders had heard such a proposal i

out in texas they have been engaged in hydraulic fracking for 40 years. up in wyoming, the same in the state regulators have done a pretty good job. and they have worked well and worked well with the industry in ensuring that safeguards are met. a level of disclosure is afforded. my concern is that again, we have an overlap piled on on overlap when we are talking about different regulations. the state regulators have been doing a good job. is it necessary for us to come in, us, the bln, the epa, and impose different layers of regulation on top of what the states are already doing, and appropriately doing? so as you are aware, the proposal came out some weeks ago now to review the fracking on federal lands. different ban on state land, we understand that but again, it is what we are doing is imposing regulation that are further confiscating the process, because it's either duplicative or a level of redundancy that just doesn't make sense, are we have really helping here? and i think that is what we need to be looking to. so i said look, the states are doin

i ask people how positive people are about natural gas, this fracking process.some degree they are thrilled about it. they had 11 earthquakes in an area where there had never been earthquakes before. that is tied to the extraction of natural gas. the people i spoke with were very divided. this is the kind of regulatory issues that political leaders have to sort out. the things that lead to environmental problems like polluted water and earthquakes. host: thank you for being here. we appreciate it. meetnext segment, you will nee charles tiefer. we will talk about executive privilege and out recent presidents have employed it. we'll be right back with that. >> howdy approach book interviews differently than news interview -- how do you approach? >> i think of interviewing as gathering information on the news side. >> how difficult is it to remain impartial? >> i will try to give people as full an understanding of what is happening in this campaign. it is not that difficult to put your biased to the side. >> has social media changed your work? >> twitter is now a p

and the latest >> fob and off the fourth -- and off to a 4 1/4 story we brought you as fracking use fifth crews were able to clear out all of the trash can reopen the road. in large while fire continues to rage in new mexico. hundreds of people have been forced to evacuate their homes as the fire has destroyed 36 structures. so far, there is no containment of this fire. a man in southern china with his own life to save a toddler who was hanging by her head after getting caught in the drilling of an apartment building. you can see them and hanging -- you can see in all the little girl for almost 10 minutes. the toddler is said to be doing fine. still to come, we all know that not getting enough sleep is bad for us. what finding all the risks of sleep deprivation can cause. >> let's look outside. good beach day. in baltimore, 89 degrees at the airport. >> in the fourth half on the roof, flows fourth half -- in the health of her father, cliff becks are racing to overdraft fees -- in the "consumer alert," banks are raising overdraft fees. it sees you when you're sleeping. twitter. 42 of the s

now fracking is not just a business challenge. it's not just a geological challenge. it's not just in engineering challenge. there's an enormous amount of anxiety building up in the country about some of these fracking techniques and their environmental consequences and land-use consequences, the unknown, are you going to induce earthquakes that have previously have been? if exxonmobil becomes the poster child of a rigid, very corporate, very kind of stiff and profit driven approach to these challenges, then they may strategically have a problem over time. can they actually adapt themselves to the kind of trust building and political coalition building that will prove durable or will they take their systems approach, our way or the highway and sort of end up hurting themselves in some respect. they could end up with a tougher public response in fracking than they would otherwise get. >> host: or will they align themselves with the other companies that are doing this? they had some cases and you touch him as the book that they are the odd man out. they are kind of purs

i said, you have to be more transparent with your fracking. they said, we have invested tens of millions of dollars with special formulas for our fracturing. it took about five months and my staff said you are wasting your time. you are not getting anywhere. we were working between the environmental defense fund, which is a hard line, hard an environmental group. we were also working with halliburton and other service companies. we had the chief operating officer of halliburton and the regional head both claiming victory. we had a transparent set of regulations that helped protect their trade secrets. the environmental defense fund said the public would be sufficiently informed so they would not have anxiety about what is going down this whole -- hole. how do we make sure we have she does give methane -- you did give -- fugitive methane. what are the potential benefits? what are the real facts so that we can get through the bitterness and really resolve this? that will be the most crucial issue. i spent 15 years in the restaurant business. i t

if you are aware, the proposal came out some weeks ago now to review the fracking on federal lands. different then on state lands. we understand that. if we are doing the is imposing regulations that are further complicating the process because it is the the duplicative or a level of redundancy that does not make sense, are we really helping here, that is what we need to be looking into. states are doing a pretty good job. they have been doing so for a long period of time. you do have some in the country wherefracking -- the question is, what kind of disclosure is going on in the states. what are the regulations. again, i am won the says it is best to leave it with the states.

(laughter) we ought to frack you. and i mean in the best possible way. (laughter) welcome to the "report," thank you for joining us. nation, we all see the news. last week's jobs report was miserable. the economy is not getting any better. our relationship with nuclear pakistan has never been more tense and europe is on the verge of collapse. and you know what that means in? things are looking up for mitt romney. (laughter) and, folks, the old romney luck continues! >> the romneys might be going to the olympics. a horse anne romney co-owns came in third in an olympic qualifying event. >> stephen: the romneys' horse might go to the olympics! (laughter) though one would imagine it's going to be a long drive to london on top of their station wagon. (laughter and applause) their horse, rafalca, is competing at the united states equestrian federation national dressage championships in gladstone, new jersey. as if you don't know from your equestrian fantasy league. (laughter) folks, this is exactly what mitt needs! he's had a little trouble relating to joe six

on the down side halliburton fell on news that shortage of fracking materials will double its north american profit losses this quarter. meanwhile mattress maker tempuredic plunged 40%. nasdaq's chief told cnbc the exchange is embarrassed as an organization and has set aside $40 million to compensate losses incurred by facebook's botched ipo. financial firms say that falls far short of an estimated $100 million lost. >>> finally, the most fuel-efficient car in u.s. history. it's ready to hit the roads. honda's new electric fitch clocks in at 118 miles per gallon. sound good to me. coming up jersey devils avoid a sweep, managing a first step in the most unlikely of come back. oklahoma beat texas but not on the gridiron, on the nba hardwood. your early morning sports headlines are straight ahead. >> weather is starting to look and feel like summer across many areas of the country. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up this is "early today." >>> in sports last night in the stanley cup finals the new jersey devils forced the los ang