the department of energy's slow licensesut lng export is worthy of examination. secretary moneys -- moniz appears to have quickened the pace of approvals, but the queue is still full. toenses take too long approve when a project must go through rigorous safety review. a leaderhas long been in the nuclear technology trade. i am particularly excited about small modular reactors, which have received a great deal of attention in research and development. current designs can provide strong nuclear safeguards and maintain our commitment to international security. renovating our export architecture will strengthen our global posture and send a strong signal to the world that must be heard. policymakersave -- speak of the eagle furred eagleford. in tokyo and new delhi, they watch the marsalis and the permian. in russia, they wonder about the potential in the monterey. it is hard to put a price on it. in action also has a cost. renovate the crude oil export architecture could lead to disruptions in supply and production. can only have this conversation because of our , an

that's why i'm a big backer of lng. cheniere has two lng export projects and will be completed from 2015 to 2017, and an earlier stage project in corpus christi, texas. you've got cheniere energy partners with a six percent yield. then last month cqh came public. cheniere energy rallied 60% in the last 7 months since we spoke to the ceo. i wouldn't be surprised if it has more room to run. the visionary chairman of cheniere energy, and let's find out where his company is headed. you offered us a new security. why would anyone want a new security when we have these other two? >> well, as you know, we are engaged in very, very large projects that require a lot of funds. there are different pockets of funds. there is no problem of liquidity, but different people need different things. so we already had a holding company lng where we incubate all the projects. we have the master limited partnership. it gives you a yield and much more safe type of profile with more limited type of upside. but it's designed mostly for retail c

it may be the year of the lng trader. >> the us market is long way -- is largely a liquefied.t to change come as we get more and more events like this, how will that impact future energy planning? >> the first thing is we are not kind to get those terminals until 2016 or 17. this year the department of energy will have to make some decisions. that in turn increases global gas liquidity, so they're trading globally and that means we might begin to see if not then at least trading. >> who are the main names we should be focusing on? >> bg plc, biggest producer of lng globally. running their operations. >> chris, nice to see you. chris rodgers joining us from bloomberg industries. francine, back over to you. >> thank you so much. for the listing on bloomberg radio, bloomberg first word is next, for our viewers a second hour of "the pulse" is coming up. this is what we'll be talking about. we have sun seeker managing director at the london boat show and then we speak to the bloomberg chief economist about the janet yellen confirmation. all that and much more coming up on "the puls

we should consider and review quickly the role of crude export along with lng export and finished product export because the advantage it creates in this country is in job creation and balance of payments. >> on the keystone pipeline, in your remarks you mentioned three thanks. bipartisan support, polls that show people support the pipeline, and for previous ok's from the state department. two part question. number one, why is it still delayed? what will you be doing in 2014 to gain approval? >> i wish i could answer the first part of the question. i think we are as frustrated as anyone else's. we will not give up. we will continue to push consistent where the american people are. 69% support approval of the keystone xl pipeline. the canadian prime minister said it is a no-brainer. today we are having a debate in the congress and we will over the next year over income inequality. our jobs in the oil and natural gas industry, particularly on the upstream of reduction side, pay seven times what minimum wages today. with one simple word, the word yes, would approve thousands of jobs, well-pa

lng exports, there will be 25% demand from exports of lng. they are benefiting from a pure play mlp that will be adding $20 to $25, $25 to $30 worth of value to the stock right now. another 40% upside. >> got to leave it there. thank you very much. appreciate it. sandy, thank you. i will let you do that victory lap on conn's. we know you still like them. thank you very much. >>> up next, feast your eyes on this lineup. we are talking about pancakes, talking about pasta, talking about pizza. we have an exclusive roundtable with the ceo's of noodles and company, denney's and domino's. plus the biggest gainer in the s&p right now. >>> and later, the next three big things in social media. plus calimari, anyone? the story behind the most terrifying video you will see today. [ male announcer ] start the engine... and shift through all eight speeds of a transmission connected to more standard horsepower than its german competitors. and that is the moment that driving the lexus gs will shift your perception. this is the pursuit of perfection. will sh

we should consider and review quickly the role of crude export along with lng export and finished productexport because in thisntage it creates country is in job creation and balance of payments. >> on the keystone pipeline, in threeemarks you mentioned thanks. bipartisan support, polls that show people support the pipeline, and for previous ok's from the state department. two part question. number one, why is it still delayed? two we'd be doing in 2014 -- what will you be doing in 2014 to gain approval? >> i wish i could answer the first part of the question. i think we are as frustrated as anyone else's. we will not give up. to pushcontinue consistent where the american people are. 69% support -- support approval of the keystone xl pipeline. the canadian prime minister said it is a no-brainer. today we are having a debate in the congress and we will over the next year over income inequality. our jobs in the oil and natural gas industry, particularly on the upstream of reduction side, pay seven times what minimum wages today. with one simple word, the word yes, would approve thousands of

by firing up coal lng, and to a lesser extent oil fired thermal plants. a japanese energy policy expert at the university of tokyo says japan's national security is at stake. >> the national security reasons basically stem from jay ban's overreliance on fossil fuels because it has no viable natural resources of its own to increase dealing with it's economic demand for electric power. consequencely the industry would like to see these get on line. >> japan's nuclear industry has mount add drive. and the current prime minister has joined fourses with them. >> based upon the lessons of the nuclear accident, we must create a new culture, to improve safety. last year, prime minister reversed the former administrations promise to rid japan of nuclear power by went 30. >> and in addition, after making sure that it's safe, we must restart nuclear nudger. >> will there be nuclear power five years from now? ten, 15 years from now. >> yes. of this i am fairly certain, i think you will see at least two or three, maybe more within the next two years. massive protests

it will take a lng time for them to recoverrom tat. neil: thank you both very much. the good news is that banks and credit card companies generally stand by their customers and make good on any money that they might have lost. but what is a? what that piled up into a lot of money and billions of dollars? just how bad could this get? we have a national bank chairman with us and joe perry. so how bad is this? >> well, it gets very about potentially because you have all of the identity theft that could come from it as well as the monetary loss. and we are able to act very quickly. we acted immediately and closed out all of this. being a small thing, we could get our hands around it and we have within hours, we knew who had charged at target. neil: how do you know that? and how do you keep track of that? >> we have a fraud detection system. as we ran right into the system analytics. >> that would've been a big problem for us. fortunately the government requires them to report. but as soon as w got the information we ran right into the system and conducted the analytics a

elite well yeah i mean for the bespoke water cannons here to stuff a lot of the you know marmite goes lng obese brits into the cabin you need extra sturdy cannons to make it all work but there's another analogy here which is of course the water cannon you could say is not analogous to quantitative easing which is just the water cannon of money which as enrich the bankers who have been caught committing fraud like h.s.b.c. barclays royal bank of scotland and lloyds and so this is the water cannon of money the free money as a reward for committing crimes and fraud malfeasance larceny they've broken the law they're crooks i make that clear oh no don't don't don't don't throw up your marmite. and of course the spin on it is it could be worse for you than water cannon is preferable to the all there are alternatives because they say that the alternative tactics to the use of water cannon to disperse a crowd are protect vulnerable premises are the use of baton rounds baton is mounted officers vehicles tactics police dogs or even firearms so there's a we could shoot you take the logic out in our

needed, and even when you think about -- we have this whole new industry that is going to come out about lngxporting. it is not just the facilities that need to be built throughout the country but all the supporting infrastructure as well. there are lots of industrial companies that you generally would not think of is eating involved in the energy sector, that are going to drive a large portion of the revenues and profits from the growth in the sector over the next decade. it is a very broad and attractive opportunity. >> we thank you very much for the time and sharing your insight. we are back in just two minutes with a simpler way to move money digitally. >> changing the way money is moved digitally, that is the transfer service that lets users send money to family and friends in developing nations. he is a cofounder and ceo, with me now from ceo. matt, glad to have you with us. you started this in kenya. the service is now party widespread in the philippines. why is it working so well in these underdeveloped nations? >> thank you for having me. philippines the because of the fact that it

that's going to take some many onal analysis of the -- lng of the speech, and some further explanation as well. >> other questions? >> yes, thank you. i'm with the u.s. department of state. i used to work with cam kerry. i continue to work on a lot of these issues. it is good to see cam again. i have a question again i'm voicing on behalf of bureaucracy, because i am a career federal bureaucrat, and it really goesing to congress' willingness to reform. to my experience, oversight costs money, transparancy costs money. if the president issues an order to improve trans transparancy but the size of the office doesn't increase, you get preath pretty lack luster results. judicial review requires more judges and more people to argue in front of those judges. so we are hearing man zates on some of the very people that awork on some of these issues now. some of these people are working on furloughs. the independent review dwrupe was forced to stop working because of the government shut down. so from the congress, do you see any recognition from them that oversight -- the desire for oversight c

i can i think about discussions on lng exports where we're going to import a couple years ago. so that's part of this, to complain into it and i think senator wyden, you but sosa simply that basically that sweet spot. and i can only think about 100-150 years ago the coal integer, with the coal industry did coming from my little state of west virginia making this deal to build the ships and built the industrial revolution as we have it. gave us the life we have today. so many people have forgotten about and what they are still depending on from our little state. where we would be if we had sent that product out of the market. there's a balance to be had, and they think we are able to find that sweet spot, thank you and i just think -- i'm also going to induce my statement for the record in more detail, but i'm most interested in this topic come in this discussion not just for us but for our children and grandchildren. and basically for the security of our nation. so i think all of you for what you've done and what you contributed. >> thank you, mr. chairman for holding this impo

we have good lng. you keep talking about mark russell, your president.ican commercial environment. that's from december of 19 -- any chance that can change? we have a lot of companies that could do well if that business turns. >> engineered caps. >> yes. >> yes. it's always been cyclical. yes, it will change. clearly they overbuilt for a while. >> yes. >> adjusting inventories. we are seeing signs now as they worked through it. it's starting to i can up. we have great opportunities to make it a better business from an earnings standpoint. >> one last question. we have been involved with timkin which was a huge disappointment. they did a terrible job but they are splitting. is that something you would look at the pieces of? >> hadn't thought about timkin in that sense. probably we would look at it. my guesses is there wouldn't be much there for us. >> interesting. not much there for anybody including my charitable trust. that's the chairman and ceo from worthington industry. the best performing steel stock in the world. stay with cramer. [ male announcer

we've got a major push on the export of lng. the minister you slow walking all these permits for the export of lng there would be a tremendous job boost. we should be exporting worldwide. >> congresswoman, you were shaking your head. >> well, what for me, last night we talked about cutting red tape and making the bureaucracy much easier for companies of all sorts to operate come infrastructure and so forth. he was talking about again just making things simpler and cutting red tape and lessen bureaucracy and we shouldn't be fighting inside the federal government. he started out with that, that we should get over talk about the fight and defend government when those are exactly all of the title policies that we continue to see from the president. and so i kind of laughed when you talk about cutting red tape because this is truly the growth of his bureaucracy and government under his watch that has made so much more difficult for the american people to move forward. >> one thing the president probably can't have executive order but

the fact that iran has not been able to access lng is why iran is a net importer of gas despite having some of the largest gas reserves in the world and despite being one of the early adapters to transregional gas trade back in the 1960s and 1970s. you have a situation in which iran loses as a result of sanctions and the constraints they are under today will remain in place for the foreseeable future despite some prospect that the rest of the world begin to come back to iran. >> let me offer a few thoughts -- it seems to me in varying ways that all the states are mindful of how the ground is shifting. the very fact of diminished u.s. dependence raises questions about whether the united states come over the longer haul, despite its interests in having a sense of global order and the state the u.s. has a much global governance that over time, we would seek some kind of diminution of american involvement or that others would have to pick up the slack. the problem is, i don't income on those who are most aware of their energy security, i would put china high on the list recognize it would

. >> if you listened yesterday, what the great ceo of lng basically said was that the transition is goingr, but it's occurring much more slowly. there's also a problem with the cummins engine being delayed and the whole segment is still under a lot of pressure. i know that the steel ceo came on and thought it was all going to be adopted, but westport to me is just too speculative. it's just not happening fast enough. i know mr. demers will disagree with me, but it's my call. let's go to steve in tennessee. steve? >> caller: hey, jim. i had a stock the last 30% the next few days, phillips 66. >> the refiner's doing incredibly well because of the glut in domestic versus what they can sell overseas. remember, we refine oil in this country, the refiners buy it at a low price and can sell it overseas at high low price. i would not buy it here, but if i owned it and it pulled back a little bit, i would buy it in a general market pullback, but it is a buy. can i go to james in virginia? james? >> caller: i'm asking about hexel, hxl. >> that's part of the aerospace. you get boeing, you get hexcel

the charges, dui, resisting arrest, driving with know exp e expired lngs from georgia and on top of thatce say the 19-year-old admitted to consuming more than j

the area that we will hopefully see the exports in the first place will be in the lng space.opportunity for north america because shale gas at reasonable prices. asia has to import most of its gas at quite high prices. so is that nash so there is a huge potential for a deal to be made. -- so there is a huge potential for a deal to be made. globals talk about your outlook. you spend a lot of time researching, writing and talking about this. tell us in your view how this performance.mic 40 yearse first after the war, the emerging markets were in the slow lane. in recent years, that has switched. there's a tendency to think becauseeacus -- that's of the recession. we have to be a part of the new emerging market growth. >> there is a lot of concern that tapering will have a big impact on south east asia. what's your perspective? will benk china growing strongly on the long term. >> 7% is enviable. we are pleased to have him. back to you. through the zeb cours4eo -- the course of the program. jpmorgan, welss banks earnings season. show willroit auto usa.nd on motor city, highly th

export of its dirty energy abroad from the keystone xl pipeline to proposals to create huge coal and lngies. even the president's visit just yesterday to that ge engine plant in wisconsin is raising eyebrows because the engines produced at that plant are oftentimes used to provide power at oil exploration fields. arthel: and, doug, as you know, some of the critics are saying, hey, listen, guys, if it ain't used here, that oil from canada is going to be used somewhere. >> reporter: that's exactly right. and the president has made it very clear that approval of the keystone xl pipeline will be based on the environmental impact and specifically on carbon pollution. here he is from his big climate change speech last summer. >> and our national interest will be served only if this project does not significantly exacerbate the problem of carbon pollution. >> reporter: proponents believe if that oil were to be used here, the carbon musician problem would be much less than if it's shipped abroad somewhere where pollution controls are much less rigorous. arthel, back to you. arthel: doug mckelway

cepsa plans to help the japanese firm with development as cosmo looks to exporting lng in the future.eporting japanese energy company jx holdings petroleum products segment is expected to post a pretax loss of on $380 million for this fiscal year and in march. the firm was expecting a $181 million profit for the segment. but failed to meet the projection with the growth risk growing pressure to keep gasoline prices low despite the high year coast of importing oil. ross, back to you. >> thanks for that. >>> reminder of what's on the agenda in asia tomorrow, central banks will consider possible easing. australia reports fourth quarter inflation. india leads the corporate earnings parade with mahindra & mahindra and larson. in singapore, the sgx and keppel land both come out with results. >>> indonesia's foreign investment is expected to hit record levels in 2014. we'll cross to singapore for a health check and what to expect from the bank of ireland's rate decision. i need proof of insurance. that's my geico digital insurance id card - gots all my pertinents on it and such. works for me

with the oil and gas industry, would like to see the export ban on crude lifted, would like to see lngnal approval speeded up, is there any hope of that happening? they clearly wanted for a reason, but if what you are saying is true and what rick appears to concur with is true that energy exports can help fuel economic growth, perhaps even drive jobs, that sounds a lot like the api's policy platform, but it would in theory be good for everybody. >> yeah, i think there is a chance, i think keystone is likely. on some of these other issues, you have got to hit a lot of democrats to go along. the wildcard here is mary landrieu of louisiana who is in a tough reelection fight. if you get her on board, and she is, she could drive this issue with moderate democrats. i think there is some hope, not as good as keystone, but there is some hope for that as well. >> all right, well you mentioned she has got an election to worry about, everybody in d.c. is worried about the us -- about these midterm elections. >> i think it pretty good election for the republicans. i am on the 50 yard line, i am no

the fact that they have not been able to access the lng is why today almost a net importer of gas despite having so the largest gas reserves in the world. despite being one of the early adapters to trans regional gatt trade. so you have a situation in which the loss as a result distinction, the constraints will remain in place for the foreseeable future despite some prospect if there is a final deal on the declare issue that the rest of the war will begin to come back. >> of the offer a few thoughts. it does seem to me in various ways draw all the states are mindful of how, to use a mixed metaphor, the ground is shifting , that the very fact of diminished u.s. dependence raises questions about whether the united states over the longer haul despite is interested in having that sense of there being a global order and this state that the u.s. has in the global comments that over time we would see some kind of diminution of american involvement or that others would have to in some measure pick up the slack. the problem is i don't even among those who are most aware what their energy security

the charges, dui, resisting arrest, driving with know exp e expired lngs from georgia and on top of that, police say the 19-year-old admitted to consuming more than just alcohol. >> he felt at that time that mr. bieber may have been impaired. he was brought to the miami beach police station where a dui investigation was conducted. it was determined that he was impaired. during the investigation mr. bieber made a statement that he had consumed alcohol. he had been smoking marijuana and consumed some prescription medication. >> authorities say it all started this morning just after 4:00 a.m. bieber and khalil amir sha riff were racing around this residential neighborhood. a lamborghini and a ferrari. they were going double the speed limit. the speed limit was 30 miles an hour. police pulled them over and bieber was given and failed a field sobriety test and faced a judge moments ago and is behind bars so far on $2500 bond. we have danny bonaducci standing by who knows a thing or two about getting into trouble and the stardom being so young. first ashley banfield. let's talk legalities here

surprise some people a little bit that bob gates, sort every the master of discretion in washington for a lnghis path. i think he's probably, based on other things he's been saying the last 24 hours, a little frustrated with the way some of the things he said about president obama have actually been characterized. jon: he does say people took a lot of his remarks out of context. >> yeah. and that's right. and look. we've run two long excerpts out of the book and if you look at those closely, one of the things you take from that is that the secretary gates is actually much more critical of the white house operation more broadly than he . as he said a couple of times ultimately the president made decisions on afghanistan and iraq that i agreed with, particularly on afghanistan which was the subject of a lot of debate. he was much more critical of others around the president on the white house staff and i think the thing that comes through is that what really bothered bob gates, the sense he had that people in the white house mistrusted the military, thought they were being pulled around by the

to the extent they export lng at the free market pricing in the countries that are in europe and countries in asia are able to find a spot markets incentive oil and gas at market competitive prices with the antitrust laws in the companies that sell and advise that opec power will be reduced dramatically over time. >> three years ago the oil ministers said they wanted to have $100 a barrel. that's about what it's been with some exceptions. they are a cartel that controls about 40% of the oil produced and it's easy for them to say let's turn this spigot one way or another to get the price they want. that's how they work and it's hard to see the united sees increasing production at a million barrels a year to be able to really challenge that power. the other thing would be the way the pricing on the crude or oil based on natural gas, why is there such a difference? we are not on the market with gas and we have a lot of flexibility. >> there is not a worldwide market in the natural gas in the way there is an oil. it is at $5 a year it is $15 or so in japan. it's because transportation is harde