from natural gas.hat's a low value added contribution to the natural gas industry to simply export lng, or to produce more power generating plants that are gas-based, doesn't really maximize the value. what maximizes the value of the molecules of natural gas is when you apply technology. applying technologies such as making methanol, or making other types of chemical products from natural gas is a much richer, much more satisfying and i think much more contributed to the global economy over time. having said what i just said about the desirability of making, let's and ethanol from natural gas, a problem that has to be faced is what to do with the existing economic value existing at the refinery system. this is not easily written down. but at the same time, if they were the kind of enablers, regulatory enablers that open up markets for natural gas, then there's an additional opportunity for companies to invest in the infrastructure to make methanol. that doesn't exist today because there are no regulato

are on the job as our oil and gas business booms.tory when "real money" continues. uncovers unheard, fascinating news stories? it drives discussion across america. share your story on tv and online. >> obama administration officials said they need to enrol 2.7 u.s. redents between the ages of 18 and 35 in exchange plans to balance risks and hold down costs. will they enrol come 1 october - should they pay the face. >> joining me now is jen mishory, deputy director of young invincibles, she's in washington d.c. and yevgeniy feyman, a research assistant at the manhattan institute. thank you for being with us. i want to start with you yevgeniy feyman. the young people are crucial to the success of obamacare. >> absolutely. they'll balance out the risk pool, they'll keep premiums that need the insurance, and the administration is reaching out to them. >> jen, the young invincibles are in the 18-34 group. antonio mora brings you smart conversation that challenges the status quo with unexpected opinions and a fresh outlook. including yours

and the way not to increase the price of natural gas is by making more electricity from natural gas. that's a low value added contribution to the natural gas industry to simply export lng or to produce more power generating plants that are gassed based doesn't maximize the value. what maximizes the value of molecules of natural gas is when you apply technology such as -- meth nol hol or is aking other things which more satisfying contributor to the economy over time. meth thatd about make nol from natural gas, a problem is the value existing in the refinery system. this is not easily written down. but at the same time if there re the kind of enablers, regulatory enablers that open a market for natural gas, then there is an additional opportunity for companies to invest to make methanol. that doesn't exist today. that has to change before the oil companies will get interested. but when exxon bought x.t.o. and yes they were accused of overpaying for it, exxon saw the future. when my former company invested placesmounts of money in they see the long term value. these are long term orien

the gas tax hasn't gone up. the federal gas tax has not gone up for 20 years. and the cost of road construction and repair has gone up by 55% over that time. it is a usage fee. it is a tax on those people using the roads. now i will say, if you're happy with the state of the roads, fine, don't raise it. but if you want the roads repaired, you either have to raise the gas tax or talk about switching to a road usage fee, which is something that weave talked about. but people driving have to pay for the roads. >> we do pay gas taxes already. on the local level, federal level, state level. in fact, i think that the government agencies make more money from our gas taxes than opec does. >> well, this is one of those issues where i look forward to agreeing with dagen every time we discuss it, because not only do we pay gas taxes, and not only is it a user's fee, but it's a successful user's fee. the federal gas tax is what has funded so much road construction over many decades. and as dagen points out, not only is it low for us, but it's low in comparison -- our gas p

oil natural gas, fuel is dirty.re living in the dark ages. >> i heard the zell otts coming from the other side. i see statistics that are uncomfortable for you and the people who are in favor of this. >> his side is one in my state. pr protestors persuade all politicians to stop all fracking in new york. that makes me uncomfortable. the world needs energy where energy is limited. >> life is cruel and life is short. we take it for granted. we really shouldn't. >> coming up, something else we take for granted. 5 gallon gas cans. our keys in t, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what do you think? geico. fifteen minutes could save you fifteen percent or more on car insurance. if you think a prune is a prune, yothe amazing prune.nsweet, two great ways to enjoy the amazing prune are plum

also, if you are worried about global warming, burning natural gas releases less greenhouse gas thancoal. >> flack go feels wrong. it feels like you are pumping stuff into mother earth. >> john: a liberal european environmentalist points out that europe promised to cut greenhouse gas emissions but didn't cut them. >> we managed to cut half what you accidentally happened to do when you stumbled on fracking. >> john: so it brings fuel cheaper, maybe better for the world. why are these people so mad? >> they worry about energy companies shoving these dangerous chemicals into the ground. >> this is seen sfraen a documentary called gas lane. >> the documentary gas land. >> they gave it director an emmy and matt damon features greedy energy companies destroying the promised land. >> if it happens to one of us, it could happen to us all of us. >> john: yoko ono artists against fracking. and so is the left wing media. >> it comes up by the millions of gallons and protests grow. >> a lot of people are getting sick. >> john: you would think assistant the anti-fracking movie includes this frigh

if you have a gasoline-powered vehicle, you pay a gas tax. if you move to a mileage tax, it's much more fair. and it's a declining source of revenue, though, because people are driving more fuel efficient vehicles. we don't have as much gas tax anymore. >> i agree with what you say. >> it's a regressive tax because it hits poor people more than rich people who can walk to work. but the other thing, it's fiscally stupid because budgets, states are going to budget for this stuff. create programs. and people will drive less. people cut back on cigarette usage, and there were budget deaf fits because of that. >> we want to do something that's fair to all of the cars i guess. >>> ben stein, what do you make of this debate? good or bad idea in oregon? >> i think it's a bad idea. first of all, i'm not aware that they're not going to tax people twice, both with gas tax and the mileage tax. >> i think they are. >> and that seems to be deeply unfair. your basic hippy has an electric car. abo but your basic guy that walks at walmart does not. it's very

energy giant chevron is due to begin drilling for shale gas. agriculture is our lives if they come to drill in our soil for sure all will die because we've seen on the internet what they have done in other places when they've come up with many residents here fear that the process of fracking could release chemicals into the soil and contaminate the water. i'm so afraid of this kind of gas exploitation people see they will be big problems for our animals because the water will be affected and this one and the food for animals and for us and our children as well we have children and grandchildren what should we do these locals and environmentalist have been camped out here braving the elements in order to stand up to us oil giant chevron and the armenian government which has given them the green light to start exploratory drilling in that field day but then without any public consultation the sense of betrayal is acknowledged by most protesters chevron was forced to leave the area last week on able to get past the locals human chain around the si

that's brought the darkness serious recovering after a strike on a gas pipeline. across much of the country. a major attack on the camp. the price of crude. reports from the devastation syrian city of everyday battlefield families refuse to leave their homes. for most of us and here in the sky where it's just eight pm this is a twenty four hour day the scandal around allegations the u.s. is spying on its european allies is snowballing with germany becoming the second country this week demanding a full explanation from washington a fresh wave of indignation was sparked by claims the n.s.a. was monitoring the phone conversations of chancellor angela merkel herself ports and the potential consequences if the grave breach of trust is proven between the close. the statement from the foreign ministry that alerted us that the german the us ambassador to germany had been summoned stress the fact that foreign minister vest developer would be meeting with him in person now usually a junior diplomat would have taken a meeting like this but the german side wanting to get to t

of natural gas into liquid fuels. and after quite a bit of debate. we debated all her conclusions pretty intensely the conclusion of our group was that offer the greatest promise for widespread impact in the transportation sector. and among the liquid fuels, they have the greatest promise because the production of methanol from natural gas is very well-established. it is established from commercial plans and the conversion cost of allowing a vehicle to operate on natural gas -- as it was mentioned earlier is essentially trivial, a few hundred dollars. >> it was essentially a trivial for a few hundred dollars. >> not only in this area, but also in the heavy-duty area. and it has been a part of this is an alternative as well. it's a very clean burning fuel and the cost of the vehicle would actually be lower than the cost and it would not look while require an expensive exhaust aftertreatment and this can be particularly important in china. and then let me mention one additional aspect. it was in the area of my interest

with gas means you get some of these. methanol ethanol you get propane you get all these different butane with it so you get these liquid rich and natural gas liquids and that's what is commonly the gold versus the side product so yes natural gas can go lower depending on the weather season so what needs to happen to create a baseline is if gas goes too high the the utilities will switch back to coal so there's a competition now between coal and gas so what the gas sector is really trying to push is like what t. boone pickens plan of creating more c n g vehicles to take that overhang and there will be compressed natural gas correct and what you see the future in the energy sector at least that you cover in the next five to ten years i think one of the biggest compelling arguments that i see that nobody is talking about is america has been very successful on using unconventional technologies whereas five years ago they were producing five and a half million barrels that at the end of next year they're going to be around ju

to coal -- >> coal to gas. >> coal to gas. well, actually, if you were talking about the current year, it would actually be a little bit of a switch back to coal. >> yeah. >> so this is all in a country like the u.s. that has a lot of different types of capacity that can be dispatched. the decisions in areas of what units to run can be sensitive to prices, and in early 2012 natural gas prices were extremely low, and it was cheaper for very traditional coal-fired utilities, especially during low seasons where they didn't need to run all their plants, to run sol of their gas plants in preference to their goal plants. in the year it's up talking technical terms from what it was last year, and that's enough to push back toward using coal plants more. so, you know, all these -- you know, markets are really important to this and what global gas prices are going to be, how much natural gas there's going to be in the world. you know, all these things whether there's an implicit or explicit price on carbon, when i was a kid growing up

will switch back to coal so there's a competition now between coal and gas so what the gas sector is really trying to push is like what t. boone pickens plan of creating more c n g vehicles to take that overhang and there will be compressed natural gas correct and what you see the future in the energy sector at least that you cover in the next five to ten years i think one of the biggest compelling arguments that i see that nobody is talking about is america has been very successful on using unconventional technologies whereas five years ago they were producing five and a half million barrels that at the end of next year they're going to be around just under eight million barrels so the dependence of america on foreign oil in the middle east is the. because of america's foreign geopolitics agenda the benefits. akhtar was a europe of the middle u.s. military so inadvertently america and americans have been subsidizing europeans energy imports because the big americans would go to protect the oil fields so who's at the biggest risk right now if there's more political instability in the

well this is shale oil they talk about in this article not shale gas and there it also like shale gas requires constant new wells to emerge so it relies on the very first story we're talking about the never ending printing and this never ending purchasing of u.s. government debt by the fed and recycling this into the corrupt banking system so realize they always lie on each other to keep on spending and spending and spending as fast as possible and they're producing at breakneck speed all of these oil wells at the moment and david hughes a geoscientist and president of global sustainable research has examined the life span of shale wells the red queen syndrome just gets worse and worse he says the higher production goes the more wells you need to offset the decline so in the u.s. alone this year they need to drill six thousand wells just to keep pace with the old wells declining and they at within the first year of the shell oil wells decline by seventy percent within the first year well ok let's talk about deflation works in this context and the cost to drill a well is higher then th

well this is shale oil they talk about in this article not shale gas and they're. also like shale gas requires constant new wells to emerge so it relies on the very first story we're talking about the never ending printing and this never ending purchasing of u.s. government debt by the fed and recycling this into the corrupt banking system so realized they always lie on each other to keep on spending and spending and spending as fast as possible and they're producing at breakneck speed all of these oil wells at the moment and david hughes a geo scientist and president of global sustainable research has examined the life span of shale wells the red queen syndrome just gets worse and worse he says the higher production goes the more wells you need to offset the decline so in the u.s. alone this year they need to drill six thousand wells just to keep pace with the old wells declining and they at within the first year of the shell oil wells declined by seventy percent within the first year well ok let's talk about how deflation works in this context when the cost to dr

you probably notice gas prices are down a lot. aaa says the national average is $3.31 a gallon, down 13 cents in a month and down from this year's high of $3.74 in february. the question, how low can we go? >> i think at the pump you could see $3.10 and if you remember last year, we were coming out of a summer with supplies tight because there was a lot of refinery problems and sandy into the picture. >> others are targeting 3.15 to $3.20 why? it's down almost 11.5% from the 52-week high. longer term, rising u.s. oil production is making us less dependent. >> we are importing about 8 or 9 million barrels a day. we can absorb with production if production gets high enough. so we have plenty of room. we just crowd those people out of market. >> one rule of thumb, every time the price of crude drops a dollar, the price of gas comes down 2.25 cents. not bad but they think u.s. consumers will change spending habits. >> like the old man returning a bowl of soup at the deli. they won't drive more or take more vacations. >> reporter: most

as far as natural gas vehicles, natural gas vehicle sound wonderful.atural gas is cheaper than oil. they used to run on a rough ratio that would very, but not by a huge amount. starting in 2009, they started to vary considerably. there are problems with natural gas vehicles. congress cannot just mandate this. you are talking about -- you're not going to go as far on a tank of compressed natural gas as you are on a take of oil. her husband owned a station. if you're going to say you have to be a natural gas dispenser, you're talking about major investment. these stations are not owned by the companies anymore. there is anecdotal evidence that natural gas vehicles are making an impact in the u.s.. i read the other day that gm is coming out with the m pollack, fueled by gasoline and impress natural gas -- impala, fueled by gasoline and compressed natural gas. it always amazes me that if i had a one gallon jug of gasoline, i could put that into a car that weighs 35 hundred pounds and it would propel me down the road at 60 miles an hour for 20 to 25 miles.

by the way more importantly, natural gas. we're ready to import, to start exporting natural gas right now. we ought to be doing it. by the way, a lot of these downstream industries, that use the oil and natural gas that comes from the fracking boom, you know, these are companies like manufacturing companies, companies like the chemical industry. they're saying, look, we don't want you to export this because we want it to be used here at home. melissa: right. >> by that token, melissa, why would we export their products? why would we export chemicals or manufactured products? i think this is no-brainer. if we export more we will produce more. melissa: is that the case, or matt, what about this idea that if we trapped it all inside the country the price for it here inside the country would drop? is that true or false? >> i don't think that's true. melissa: no. >> i think it could be true for natural gas but it's not true for oil. oil is set on world market. we know that one of, i would disagree with steve in that i think natura

prices for this gas have been going up steadily. this is how the product is delivered to customers across most of mexico. the fuel contained in this tank has a weight of around 60 kilos. the slow and constant rise in the price of cooking gas is felt all across the economy, especially by the poorest mexicans who make up 50% of population. the way the government calculates core inflation does not include basic foods. business analysts say mexico's central bank has done a decent job of keeping inflation in check. >> the overall index or a basket of food they are purchasing does not necessarily go up, or it goes up less frequently. >> the steady rise in the price of cooking gas has an effect on the most basic foods, including prices for the all-important corn tortilla. cindy gonzalez and her husband work to make ends meet, and they are weeks away from having their second child. >> prices rise, but our salaries remain the same. >> it's an ongoing story that is retold every month. the government reports inflation is under control and pric

to grow gas supply.ve so much natural gas we don't know how much. we're always at least one year behind their reporting and their numbers are amazing if you follow its two years ago 1,200 additional cubic feet reported in the number keeps growing. with the oil companies are particularly concerned about is the price of natural gas to develop their reserves completely. the way to not increase the price of natural gas is to make more electricity that is a low value-added contribution to export to elegy for those plants that are guest based when you apply technology such as making methanol or other types of chemical products for natural gas is a much more satisfying with the desirability of making ethanol the problem that has to be phased is what to do with the existing economic value this is not easily written down but at the same time if those words of regulatory enablers then there is the additional opportunity for companies to invest that does not exist today because there are no enablers to turn natural

it assumes regular gas prices stay at these levels and that gas doesn't see any anything increase. >> the natural gas prices have to go into the double digits for us to be uneconomic given the current estimate of gasoline prices. so what would have to happen is both natural gas prices shooting up and gasoline prices staying constant for us to be in danger. >> reporter: with respect to scale, the commercial facility will eventually be able to produce roughly 25 to 28 million gallons of gas a year, not a ton in the scheme of things so it will take time and also money to make this initiative a reality, but if they can do it, it could be game changing. for "nightly business report" i'm jackie deangelis. >> and a little later in the program, why are drugstore chains spreading the world about the affordable health care act? is in it for them. >>> and what the new health rules mean for hospitals but first, how the international markets faired today. >>> twitter late today making public it's documents for it's initial pub lulic offering. kayla joins us. >> a tweet lit this afternoon announced

a gas explosion. we'll update you on this fire going on, on this tuesday, october 8, this is "today in the bay." >>> 6:01. good morning. thanks as always for joining us. i'm jon kelley. >> i'm laura garcia-cannon. >> that gas explosion in texas near gillette. this supposedly happened near highway 119. we're getting reports of a possible injury right now. one injury right now. this is reported by the county sheriff's department down there. first reports of this explosion came in about 4:45 central time. that injured person we're told has been transported by airtlift a nearby hospital. to give you an idea, cairns city, gillette, texas, about 50 miles southeast of san antonio. we'll continue covering this one and bring you information but intense flames, a big structure there on fire as firefighters continue to battle this one. >> it's going to be tough to put out. one we'll continue to follow. breaking news closer to home, homicide detectives at a home in san francisco investigating the death of a baby.

for those who do gas rights can be worth $3,000 an acre or more plus royalties. terry childs tries to capture the changes going on all around him. he took the pictures over several months, showing a natural gas well going in around his home. >> they literally level off the top of the hill and the first of the rigs come in start drilling. >> it is a process going on all around green county. fracking sites from the county from 2006 until this year. there's plenty of home town pride in green county. and no shortage of cheer leaders for what's known in the mining industry as the marcellus shale play. outnumbered opponents 2 to 1. >> it's been awe some odds to everyone here. >> the stimulus to the economy has been phenomenal. >> still half of those surveyed say they expect the drilling will damage the environment. >> i think some people are making a lot of money off of it but in the long run it's going to hurt more of the environment than what it's worth to the community. >> a few years ago there was a man made lake in ryerson state park just up the road from sandra's

frag down day and international protest uniting activists start worldwide demanding a ban on shale gas drilling for activists as they're known to one death all g.'s to hear the truth about the risks of the technology although british leaders are smitten with the fuel the prime minister being a vigorous advocate of the risky technique as laura smith reports. it's going to make household energy bills. he says it will create loads of job c infuses we'll pay you if you let us do it in your area u.k. prime minister david cameron has got behind for king in a big way almost evangelical in his drive to the british people north and south it's a tough sell as he's found out from environmental groups. people worried about the countryside being call of wind down the u.k. . campaign is barricaded to propose drilling but to much and they now vowed to move back to wherever. the wrecking energy goes next. and they've got the experience of americans to back them up one hundred times more for a clean well yeah in the us than in the whole of europe and environmental impacts all showing campaign is welcom

i have to watch my gas price s. at $3.23 i said it ain't going to stick around forever, i better get it now. >> reporter: aaa thinks the gas prices will continue through the rest of the year. >> thank you. this morning maryland drivers ay ing an average of $3.32 a gallon for regular. that's down 22 cents from a month ago. >>> a portion of frat street -- pratt street will be closing at night. this evening it will close traffic from 10:00 p.m. through 5:00 a.m. this thursday. >>> in anne arundel county a firefighter is recovering after being hurt in a house fire in pasadena on saturday on hill top avenue. a juvenile was alone in the house at the time of the blaze and escaped unhurt. the injured firefighter is expected to be okay. the blaze caused about $150,000 in damage. >>> 81 names have been added to the national fallen firefighters memorial in frederick county. an annual ceremony was held yesterday to honor the 73 firefighters who died in the line of duty this past year plus 8 more from previous years. because of

extraction frakt of this as they're called are urging their governments to stand up to the oil and gas lobby there's been action so far in new york they hit the streets demanding that authorities change ways of thinking about the environment on the other side of you than to spanish activists have been campaigning for a nubile energy sources environmentalist also gathered in belgium and ireland hoping to bring about change a group called the young friends of the earth gathered in london saying they want to send a message to people in charge to stop and think about the younger generation sorties laura smith reports britain is nonetheless putting fracking on the fast track. it's going to make household energy bills she says it will create loads of job c. and we'll pay you if you do this in your area u.k. prime minister david cameron has got behind for king in a big way evangelical in his drive to sell it to the british people north and south it's a tough sell as he's found out from environmental groups and local people worried about the countryside being hauled off and down the u.k. . loc

extraction frakt of us as they are called are urging their governments to stand up to the oil and gas lobby however in britain the authorities seizing very differently the prime minister as become a vigorous advocate of the risky technique as laura smith now reports. it's going to make household energy bills she says it will create loads of job c. and uses will pay you if you do it in your area u.k. prime minister david cameron has got behind for king in a big way almost evangelical in his drive to sell it to the british people north and south it's a tough sell as he's found out from environmental groups and local people worried about the countryside being hauled off and down the u.k. in bold. locals campaign is barricaded to propose drilling but to money and they now vowed to move back to wherever. the fracking energy goes next. and they've got the experience of americans to back them up one hundred times more fracking well yeah in the us than in the whole of europe and environmental impacts all showing campaign is talk of gas and dangerous chemicals leaking out from underground cont

extraction for activists is the co-author urging the governments to stand up to the oil and gas lobby there's been plenty of action so far let's take a school run in london a group called young friends of the earth are sending a message to the people in charge to stop and think about the generation of the picture he sussex meantime there activists have been demanding that authorities change their ways of thinking about the environment and move on to renewable energy sources the u.k. prime minister sees things differently though he's become a vigorous advocate of fracking is laura smith reports. it's going to make household energy bills cheap he says it will create loads of job c. and uses we'll pay you if you let us do it in your area u.k. prime minister david cameron has got behind for king in a big way almost evangelical in his drive to sell it to the british people north and south it's a tough sell as he's found out from environmental groups and local people worried about. when down the u.k. in both the locals and campaign is barricaded to propose during the night but who not and t

they agreed to have gas development projects in western canada start shipping to japan. the minister promised financial help to build facilities to liquefy the natural gas and ports to ship it. >> i have high hopes for the continuing supply from canada, one of japan's closest and long-term allies. arranging imports from canada will enhance the bilateral relationship between japan and canada. >> japanese firms have rights to 8.6 million tons of western canada's liquefied natural gas a year. that's equivalent to one-tenth of japan's annual imports. japan currently gets most of its supply from the middle east. people in china are buying more and more new cars and japanese automakers are celebrating a surge in demand there after disappointing sales last year. officials with china association of automobile manufacturers say sales of new cars last month came in over 1.9 million units. that's an increase of more than 1 19%. >>> south korean government officials are grappling with a growing challenge. they try to help incomers who say they've escaped from the north. but more and