in terms of having a shale gas revolution. >> where does the shale gas stand in europe? there are places where they can frack, but it's two steps europe. >> the main thing in you were, the mineral rights were owned by the land owners, and that has given them a significant interest and benefit to allow them to be on their land. and the land owners view this as a disruption. in poland, they did open up a lot of areas for exploration and licensing, and quite frankly, the licensing terms were not that great. and the you're occupancy they had to deal with were significant. and while they're interested in building their arrives and going forward, they're not going to do it at any price, and if the terms are not good, they will do it somewhere else. they will pay to the shareholders, and the buy backs, and they're competing with other countries and exploration. >> why is it that poland and ukraine were getting natural gas from russia at a discounted rate? why weren't they paying market prices? >> they were paying market prices and the l and g were expensive. but if you're going

he will be talking about his refusal to tax shale gas and his stands on abortion rights. >>> tom corbett will be teeming up with chris christie they will be stopping at spring mill manner in ivyland in bucks county. both men will hammer home the message that wolf has promised so much to so many he'll have to hike taxes to pay for what he promised. the fact that obama is in town not likely to go unnoticed by the corbett team. ads will air tonight saying that voting for wolf will have obama for governor. campaign spots are everywhere. if you take the two candidates and some of the independents organizations that follow the campaign they have spent more than $47 million for tv spots, 50,000 that ran here in pennsylvania about the gubernatorial race. that's a lot of money and a lot of tv campaign spots. as we said this is get out the vote time. john rawlins channel 6 "action news." >> we invite you to go to 6abc.com/election for profiles of the candidates. >>> a drive-by shooting leaves an 18-year-old in a critical condition. he was a passenger in another car on a north philadelphia street.

they want to exploit shale gas in china.o if they can have these partnerships with american companies around the world, that's a good thing for china, but it remains to be seen the depth of their involvement in the keystone pipeline, and if this gas is ultimately, and oil is produced, where is it going to be exported too? so i -- i -- i don't think there is necessarily a huge down side for the united states. >> bonnie good to talk to you. thank you so much for being us with. >>> coming up how young single shoppers in china could help your 401k, plus how far with your employer go to manage your health care. you are watching "real money." tell me what is on your mind. keep it here, we're back in two minutes. ♪ ♪ >>> it is the biggest online retail sales event in the world that you have never heard about. people in china are celebrating something called single's day, every on november 11th, men and women honor their bachelor hood by attending a lot of match-making represents and shopping. thanks to alibaba, it's now the most si

shale gas has multiple uses. just doesn't go in automobiles.ck for the chemical industry and produces electricity. i don't think there's a problem with continued shale gas exploration. there's just so many using for that that -- and ill we can start exporting shale gas as well, and certainly crude oil, the time has come to lift the ban, but i think we want to focus on more than the short run. i think prices will continue to flux wait, but as energy and populations grow, as more and more countries become developed, there's an increasing demand for energy of all sorts. i think this downward trend is a blip, and i think we've got to be dead set and determined to create energy independence here. that means continued use of shale oil, shale gas, as well as alternatives. we can be an energy exporter. we can make money off of that. we can do something about the balance of trade. we shouldn't let the temporary blip, you know, discourage us. as more people come on board, as more nations develop the need for energy is going to increase. >> watch how i do

they want to exploit shale gas in china.o if they can have these partnerships with american companies around the world, that's a good thing for china, but it remains to be seen the depth of their involvement in the keystone pipeline, and if this gas is ultimately, and oil is produced, where is it going to be exported too? so i -- i -- i don't think there is necessarily a huge down side for the united states. >> bonnie good to talk to you. thank you so much for being us with. >>> coming up how young single shoppers in china could help your 401k, plus how far with your employer go to manage your health care. you are watching "real money." tell me what is on your mind. minutes. ♪ >> game of thrones when it came out, didn't hit any best sellers lists... >> the worlds, the magic and the fascination of george r.r. martin >> i'm writing the equivalent of a medieval world war ii... >> how his imagination keeps millions of devoted fans always wanting more >> it's nice to be doing something everybody is so aware of... >> every saturda

they want to exploit shale gas in china. so if they can have these partnerships with american companies around the world, that's a good thing for china, but it remains to be seen the depth of their involvement in the keystone pipeline, and if this gas is ultimately, and oil is produced, where is it going to be exported too? so i -- i -- i don't think there is necessarily a huge down side for the united states. >> bonnie good to talk to you. thank you so much for being us with. >>> coming up how young single shoppers in china could help your 401k, plus how far with your employer go to manage your health care. you are watching "real money." tell me what is on your mind. minutes. ♪ >> the government that came in won't allow the people to speak up... >> john stewart and maziar bahari >> the film is about democratization of information >> the fight for free journalism... >> these regimes are aresting more and more people... >> primetime news only on al jazeera america >> protestors are gathering... >> there's an air of tension ri

>> in urem we have today a significant amount of shale gas deposits. u.k., d germany france if you go into the ukraine. in e cannot expect that the next ten years it will bring a mageclr tributeion to european gas supply. having said that, if we start to work very hard and if we get rid of the dog matic barriers we have in front of us, not to make use of shale gas, it may well -- may help us at least to compozzive the decline in the european production and as such could be an important factor in improving the competitiveness of europe. this will not be enough to close the gap between europe and the united states but it can definitely be helpful in terms of narrowing that gap and also good for the gas security of europe. now, nuclear energy in china, this is definitely one of the most important push that china has in its energy history when i look at our numbers china is making a lot of efforts on efficiency and renewables. but when i look at the nuclear numbers they are very, very impressive. which means half of the growth in the global nuclear capacit

we're exporting oh fossil fuels, coal, shale gas. the united states is also caught in this game when it comes to climate change. we're projecting we'll do something, 26% to 28% reductions. yet look at our policies we're export ing more fossil fuels we're debating the keystone pipeline and oil exports, the u.s. is guilty of the same game as what the chinese government is. >> do you think the chinese government can meet these goals? >> i think there are several aspects of the chinese government project tore. there is going to be a shift in the industrial structure. that shift alone, along with the compensation of energy use over time. secondly i traveled over china. there are wind mill farms, it is extraordinary is to see what is happening with solar and wind power. and also on this shape the present , there are deliveries of gas to china, the mix of energy use, and we have the ability of national gas as well. and china itself is developing shale. so china is exploring. what's interesting is this year coal prices have dramatically incr

. >> you touched upon shale gas. is it a threat? >> absolutely. the u.s. could be self-sufficient within the next 2-3 years and replace saudi arabia. u.s. is not allowed to export, that is a bigger game changer. allowed to do that because of congressional law. what is, the question is, do the rest of the oil-producing companies, countries, due in the meantime to try to mitigate this effect? >> fascinating stuff. thank you very much. bring you up-to-date with some other news, the nigerian payiament says shell should 4 million dollars -- 4 billion dollars in compensation for an oil spill in 2011. the incident involved a tanker. the slick has covered an area of 1000 square kilometers. the dissension is nonbinding and says it has cleaned up the spill. is 74 years old, is receiving special care in a hospital. the hospital said his health has deteriorated, three days after he was admitted with a urinary tract infection. he underwent surgery for kidney stones. you are watching "bbc world news america." still to come on the program, the mexican president promises

>> in europe, we hve today a significant amount of shale gas deposits in poland, germany, france, u.k., the ukraine. but we cannot expect that in the next 10 years it will be a major contribution to europe. having said that, if we start to work very hard and if we get rid of that dogmatic barriers we have in front of us, not to make use of shale gas, it may well help us at least in the european production and as such could eat an important factor in improving the competitiveness of europe. this is not enough to cause the gap between europe and the united states, but it can definitely happen in terms of narrowing the gap and also put forward the security of europe. now, nuclear energy in china is definitely one of the most important push that china has an energy history with our numbers, china is making a lot of efforts on efficiency and renewables. but the nuclear numbers are very, very impressive. it is part of the growth in the global nuclear capacity only from china. this reminds me that at this stage, china in the 1980s and 1990s wrote half a billion people. there was a big collec

s answer to shale gas. and china is launching a new development bank, but not everyone is landing a hand. hello, you're watching "asia biz forecast." the bulls are out in force on global stock markets. currency traders have also had a busy week. tokyo stocks rose about 17,000, the highest level in

domestic of shale gas becomes unprofitable. >> look at how oil is trading today on the market. the brent crude index, the normal index we used to regulate this, is up slightly in trading but still below the $79 mark. the lowest level in the past four years. on the stock market, european shares got a boost. the european central bank said the bank is repaired to buy government bonds next year if euro area needs more stimulus. not much for a big ride, but we still see markets turning into the green. let's move on with a look at today's other company news. shares in the british holiday firm thomas cook have ranked 20% after the announce of the departure of its chief executive. harriet green was hired two years ago to help the struggling company. a 44% jump in earnings. warned that growth will slow next year. traditions remain tough. with deutsche telecom and orange announced the takeover of ee. deutsche telekom said discussions are in an early stage. it is also interested in buying o2 from spain's telefonica. >> finally stephen, a slipup from twitter's executive. >> proving even pe

as you can see from that and, indeed, still in terms of expanding the horizons of shale gas you see anybeen spent a very important role. the capitalization of the naked is much higher than the capitalization of the independence as well as the well -- the well captors. they do depend on returns that are predicated at $80 loss you can see that the ones i really the pushers for getting us into more, even larger shale gas position would be much more exposed much earlier. as far as the majors are concerned they might be able to ride it out more. i don't see the majors up and in in the field for very good reason. to the extent that are licensed requirements, and often there are license requirements in fields of this type, they need to make sure that they are still actively certain extent in order to meet the requirements. as i said before much of this is privately based. so it gets back to the asic economics of shale gas business, and if the $80 price point is quite important in that. >> i think the scenario could be also in the african countries, the new oil countries, countries along the so

you're looking to try and get gas from your shale. the estimates of how much gas you can get looks like about 50 years of polish domestic supply if you can get at it. you have problems.the number of companies that come to invest say it's too bureaucratic and too hard to get done and they've left. >> correct. the process of changing the law in poland, for shale gas particularly was a little bit obsolete. too much bureaucracy as you said. new low had been voted so we have new regulations often that subject. and we hope that it will detract the foreign companies and the americans among them. we don't know yet how big are our reserves. >> they were thought to be very, very big. now -- >> correct. >> looks like the extractible amount is small. >> to know precisely, we need more investment. the drilling cost a lot of money and the companies that come to poland they want to be more sure of the future and financing and what are the profits. >> why are you -- why is poland putting itself on the line so much? poland are a member of europe, a mem

carter inherited the shale gas issue from ford. this administration, bill de blasio, hillary clinton, and i love what he said. he said that democrats should be willing to challenge the status. the status quo is the government right now and we have a 17 trillion-dollar government. >> no meeting with star before noon. and the guy has been late for things and admittedly he overslept. >> first of all he's created the biggest racial divide that the city has ever seen. there's more useless construction going around the city. i think it has created nothing but a mass. >> would he make of this when he says how the democrats should be. elizabeth warren, these liberals. what do you think max. >> you make an interesting point because i completely agree that there's going to be immense pressure on her to go left or go home. >> 100%. older brasil, elizabeth wharton, the voices are getting louder and you couple that with with the fact that modern democrats were rejected. many of them are gone. >> we have all the divisions of the republican tea p

>> it could be shale gas, it could be the saudi's pumping too much.antial part of the low oil price is also slowing demand. if you look at china over the third quarter, they stopped buying. india even has lower purchases. diesel demand in india is flat. is in part because the economy is slower than it used to be. we have to be very careful in seeing it as just an unequivocal positive. thes almost a barometer for health of the global investment sector. >> thank you so much for joining us. coming up next -- >> on tour with the jacksons. they launch a talent search across china. that is next when "asia edge" returns. ♪ >> i'm john dawson. these are the top stories. weakness all around. new data out of china, manufacturing from hsbc shows slow growth in october. westpac reporting results for the year picking up from housing. falling bad debt. yearac reporting a full cash profit of more than 7.6 2 billion australian dollars. bangkok airways falling on its trading price in the thai capital. now trading below their sale price. bangkok airways raised almost $

shale gas, the production coming online. the bigger question is, is the or doss driven by a lack we think it is quite technical because of the apply? >> your take? latter. be in the a document, a piece of research this week calling oil between 70 and 90 on the long-term basis. on the ecb, what are you expecting for next week? will they be able to expand or are they going to wait until they find out the results from the ltro's? >> the meetings are kind of the wrong way around. it would be much better to do ltro first. expect them to speak in a very dovish way. unlikely they can announce anything big. ktrltro round fir two will be 160 billion euros. anything less than that will continue to show contraction in the balance sheet. to market is starting believe a little bit more in what draghi has been saying. that is a positive for europe. we need to see the facts for the banks and the risk assets. >> at some point, the markets will want more than rhetoric. antonin jullier stays with us. here is a look at one of the stocks that i

shale gas becoming very cheap makes nuclear not quite the demand side. have worries about future disasters. what is adding to the problems , luke, he came in in 2011 in reaction to the japanese disaster and said, we will sell assets, we will slash our costs. they have exceeded that target. but he has had to step down. in october, he had to step down for health reasons. the company is in an environment that is very difficult with a management that is very difficult as well. facingthe only company challenges in this . >> you are right. .t is knocking on edf france is meant to be singing or dancing about nuclear. it is meant to be shining a light to showcase french nuclear tow-how with edf and areva build a plant in normandy. this plant is 10 years in the making, five years delayed, double the cost originally targeted. euros.ow 8.5 billion it is not going to be finished until 2015. why, difficulties encountered by the atomic supplier, areva. this has been a vicious circle. >> areva stock still down 19.6%, the biggest drop since 1999. >> the big issue, 87% o

know, dow is probably outperforming because it is benefiting from the shale gas boom in the u.s.it a much lower raw materials cost, for refineries around the world that use oil. they are very profitable and that is probably what you're seeing in the stock price more than -- >> the activist activity. --t quickly here -- dewpoint dupont. does it look like in the end the activists will get what they want anyway, a couple of directors on the board? dupont'ssome of investors, and from what i hear, there may be a breakup of dupont . there may be more activist voices on the board. i think maybe the company will hold together or they will

almost more than 80% of shale gas exploration can continue, even if oil is $42. you might have downside. there will come a point where maybe they will come back. they might do a cut at some point. >> you think it is a good thing the oil price goes down. barrels, even$60 55, 55, what does it mean for your investment strategy? is there a point where below that level you start to say, i am concerned about what the future holds? >> if it is a precipitous fall you say, where is it going. we are seeing a benefit. it is a big market index. it will become precipitous, keep falling, and we have other things to worry about. i am sure we will have a supply cut and it will get stabilize. >> what is your take on japan? showing itigures are is a challenge for the prime minister. >> i believe we will have to do more. higher.st going to go abe said we're not going to raise now, but we are going to raise it at a later date. he is not going to risk the .ecovery that was going on >> is this monetary policy going to help japan? >> they don't have any other option. the more important

and a lot of the companies involved in the shale gas revolution.a great thing but they have assumed pretty high assumptions on oil prices. when you have one input. the amount they sell and the price they sell it out. that price has dropped by nearly 50% that makes a big difference to your budget. >> you say that machines have been outperforming people this year in investment picking. why do you think that is and do you see anything that will change that? >> i think that if you remember back to the beginning of the year everybody expected the environment to change this year. people were calling for 4% bond yields and calling for a big change in the market environment and talking big rotations. the reality is while central banks are printing we have more of the same. yes the feds stopped printing but bank of japan picked up rain rains reins on the same day. computers are much better at putting up more of the same. humans want to call a change in the markets. whether it is in the macrospace or stock picking world i think it has been a good environment

about shale gas, asia does not enjoy at all. in terms of energy security gas demand is continuing [ inaudible ] in terms of energy mix coal is more reliable and provides energy access to billions of people that do not have access to electricity. coal the most thing they are going to build up more power plants. in that regard i still think to public financing to be more realistic and provide better environmental issue. i do not -- i just want to share my concern. thank you. >> please introduce yourself. >> i'm nancy tom for the endowment for international peace. i have to follow-up on the previous question. they are like the world bank and being more reluctant with coal power plant. i was wondering if others might actually step into public financing like chinese financier or like the newly established breaks and the aiip. i would like to hear your opinions on that. >> our concern is that the japanese concern is that if there is no public support from world bank or something like that then the other organizations like aiib may have

if we open public lands for shale oil for shale gas, that's a tremendous revenue stream.don't have to rely on sticking it to the corporate world. david: former commerce secretary and kellogg ceo. thank you so much. liz: herbalife shares dropping. let's get right to charlie gasparino, what's at heart here? >> as we reported on the fox business network a couple weeks ago, a lot of analysts saying they were going to miss on earnings. they didn't miss on earnings, they missed on revenues and eaanings. this is a pretty messy report coming out of herbalife. they're not by a little. they're by a lot. a lot of people are pricing this stock. this stock is down 13 percent. i will say this, the biggest overhang -- now, look at that. that's on revenues. that's a pretty big miss. if you look at the earnings, even bigger. second straight time -@they've missed on earnings. the biggest overhang will be turning to the fact that not only is their business off, they have looming investigations. they've beee telling their investigators that they won't be shut down. they'll reach some settlem

it's shale gas. the day after the election it spiked 6% and driven by rubl ca republicans desire to export national gas. and this could decompress some of the supply as you get the expe export it. and coming over here i heard polar vortex gain. and this motif hasn't performed in general as well. but it's -- >> quickly before we go. let's go back to the airline one because i know it's most popular. delta, american, southwest orion air and united best pick. >> united. >> delta. >> southwest. >> american. >> everybody picks a different one. >> it will outperform over the next year because it have merger with u.s. air. that will take six months but as that happens, american will outperform. >> remember the refiner at delta. >> united because of the synergies that are now kicking in in front that will kick in in six months. >> and low cost at southwest that carries the day. >> love the difference of opinion. coming up. el poyo loco. and transition in deep water. why is this driller delaying earnings and t

private and state-owned lands and has been the result of technological enhancements that have made shale gas and oil reserves more attainable. specifically, this increase in production stems from the combination of horizontal drilling and hydraulic fracturing. pennsylvania, for example, is currently third in state production of natural gas. the commonwealth has produced 3.2 trillion cubic feet in 2013 alone. increased production has bolstered domestic energy supplies and directly led to historically low natural gas prices across the u.s. this comes on the heels of all time high prices in 2008 of about $12. production in pennsylvania has provided royalty payments to landowners while contributing significant funds to counties. mr. speaker, madam speaker, private and stayed owned lands have changed the face of energy production and affordability in our country. the federal government would stand to gain by following suit. this would open up new areas of federal lands both on shore and off shore for production of our natural resources. these resources belong to the people. there is no reason the

and a share of resources, shale oil, gas and methane a receiving attention and a number of projects are afoot. as for alternative energy, there are hundreds of small-scale projects established in the works, not to mention large-scale projects on the drawing board. these translate into billions of dollars of investments, the sector making progress with renewable specific legislation, facilitating the industry. in addition to the major wind farm and solar projects that are under construction in egypt, ethiopia, kenya, morocco and south africa, the continent's hydropower resources are enormous with some estimates having 12% of the world's potential. the chinese are already heavily invested in hydropower and funding $500 million, ethiopia is looking to develop loss of power and in the democratic republic of congo the world's largest implemented edition. not to be left out is geothermal. new thermal power plants by 2015 ended in fact it strategy would make it the no. one geothermal producer by 2033 has executed accordingly. having debt near-term tangible impact and improving the life of afri

there are a lot of radiographers used in the shale gas fracing field, in oil exploration, in a variety of fields n agriculture, so -- as well as academia. maybe some of you have personal experience with this equipment. and these materials. and we ensure that they are safe and secure. we do have an international role as well that's very important to us. we have both cooperation programs and assistance programs that we do internationally. in cooperation we work a lot with the iaea, the international atomic energy agency. i was just over there for a week in september for the general conference. and working with my international counterparts i meet bilaterally with them. frequently we have cooperative programs where we work together. we share personnel. we exchange personnel. we exchange knowledge. there are a number of different sort of sub international programs where we work together and exchange knowledge but we also provide assistance to a variety of countries as well, countries that are developing their nuclear regulators, countries that are thinking about developing nuclear power. w

those tubes are used for shale gas, shale oil production, helping you to compete with us on oil markets. but before they joined the american market they were i think number three or four in the world. now they are number one. so what i'm suggesting is that we do have political difficulties. sometimes they are greater, sometimes they are less so, but at the same time there are a lot of interests in the rest of the world or in relations between our two countries that can and should bring our countries, our people and our business people together. something we want to happen, we believe that political difficulties shouldn't make business hostages. we also believe that russia and the united states can do a lot if we work together and not against each other. at the same time we are ready to work with the united states on the basis of equality, mutual respect of interests and certainly significantly more positive way of addressing each concerns, something that is still missing in our relations. at the same time talking about sanctions i would be remissed if i don't explain to you that sanctio

. >> dow is more so than any of the competitors leveraging national gas and shale oil production. 's a gas rich company. you probably saw them increase the dividend by 14%. they are doing well and responded to criticism out there about being in unprofitable business lines. they are focusing on really strong, high value chemical and service sales. >> overall, derek, do you like the market and think where it can turn higher? >> i absolutely do, tyler. we see the spottiness in the market like in gdp as i talked about but these are just opportunities to get the dollar back in the market. we sold in october with a 10% drop. i think we're on the road with some bumpiness, 3 to 5% corrections depending on what happens overseas, what happens in some of the earnings reports but we're in this santa claus rally and i think it will take news a strong first half of 2015 and then we'll finish off in hopefully high digit percentage growth in 2015. >> well, ho, ho, ho. derek looten, thank you. >> thank you. >>> how the freelance company is changing the way that companies hire and americans work. ♪

africa too has her share of unconventional resources they shale oil, shale gas and methane are now receiving attention from governments and the private sector in the number of projects are afoot. as for alternative energy there were literally hundreds of small scale projects established in the works not to mention the dozens of larger scale projects on the drawing board. these translate into billions of dollars of investment for the continent. the sector is making progress with renewable specific legislation emerging in many countries facilitating development of industry. in addition to the major windfarm and solar projects on line or under construction in egypt and ethiopia, kenya, morocco and south africa, the continents power resource is enormous with some estimates having it accounted for 12% of the world's potential. the chinese are already heavily investing in africa's hydropower and their funding 500 billion towards cÓte d'lvoire silver. ethiopia is looking to develop six cable was power in the grand democratic republic of, will be the world's largest implemented as an vision. not to

gas. most were concentrated in texas, north dakota, oklahoma, and new mexico. states with shale oil and gas formations. job gains extended behind the industry. demands boosted instruction and jobs in states like north dakota. in september unemployment in the state dropped to 2.8%, the lowest in the nation. a jobless rate that low means north dakota has full employment. anyone looking for a job will find a job. some restaurants in the state are said to offer sign-up bonuses for new staff. because of the expensive production costs, all that is threatened by falling oil prices. according to financial research firm, about one-third of u.s. shale oil production would be unprofitable if oil prices stay where they are. let's explain the havoc that could be served with the head of the department of economics. thank you for being with us. this is not something that we were looking at three mondays ago or six months ago when oil traded above 100 a bar 'em. time. >> i think it's true. there are a number of things happening. we have the increased supply from the united states because of sha