these organizations they fund like the american enterprise institute, alex, the american legislative exchange council, through their activities with the american petroleumte, so directory and through other organization, exxon has said a lot of things that conflict with the statement that they've always been forthcoming about the realities of climate change. >> woodruff: let me read you, attorney general schneiderman, something else exxon is saying. they react to the reporting. they say these are allegations based on what they call "deliberately cherry picked statements attributed to various exxon-mobil employees to wrongly suggest that conclusions were reached decades ago by researchers." he said they were statements taken completely out of context and ignored other available statements at the same time. >> well, then they should welcome this investigation, because unlike journalist, my staff is going to get to read all of the documents in context, and they'll have an opportunity to explain the context of this statements and whether there are contradictions or not. we're at the very beginning stages. we don't want to prejudge what we're going to find, b

the american petroleum institute guidelines recommend a strict safety protocol before a tank is welded on. >> and you can see on the pictures from the explosion clear as day that all of those thief hatches are closed. >> the explosion was so bad that dustin's pick up was parked about 25 feet away, it blew out all the seals on his doors, it blew out the sunroof on the truck. >> investigator ross rolshoven was hired by dustin's family's attorney to look into the accident. >> in dustin's case, the top thief hatch was not open. so there was no natural draft ventilating through the top of the tank. >> look at this. >> oh man i didn't see that. you can still smell it up in here. >> you think it would still test hot? >> i believe so. >> i wonder if that's the area where in the area he was working >> yeah >> what happened to dustin was unfortunately very avoidable. the truck should have been put outside for 24 hoursyou check for flammable gases and do that type of thing. and if it doesn't pass at that point, you let it sit outside for another 24 hours. >> kinda surprised to see it still sittin

the ceo of the american petroleum institute with rick santelli.nd can you explain why you recommend synthetic over cedar? "super food?" is that a real thing? it's a great school, but is it the right one for her? is this really any better than the one you got last year? if we consolidate suppliers, what's the savings there? so should we go with the 467 horsepower? ...or is a 423 enough? good question. you ask a lot of good questions... i think we should move you into our new fund. sure... ok. but are you asking enough about how your wealth is managed? wealth management at charles schwab. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. at&t's innovative solutions connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus on what matters most. >>> welcome back to "squawk on the street." the s&p 500 struggles to hold on to gains today. the energy sector standing out as the lone sector in the

energy independence, ask them why they voted against keeping it in our country while the american petroleum instituteltaneously trying to lift the ban on exportation of oil drilled for in the united states. we import $5 million barrels of oil a day into our country, pretty much the largest in the world, and this is an effort to export oil out of our country. it makes no sense whatsoever. >> woodruff: let me ask congressman lance about that. what about that? >> some of the oil would be refined and stay here. some undoubtedly would go abroad. the "washington post" gave four pinocchios to the president's remarks earlier in the year that it would just go through this country and some of it would not stay here. some of it clearly would stay here and that was evidenced by the decision of "the washington post" to give the president four pinocchios on that matter. regardless offthat, i think this is in the best interest of the united states and certainly both the old canadian prime minister and the new cay pained prime minister mr. truedeaux support this and i hope the new president in 2017 will look at this

the american petroleum institute according to someone familiar says it survey showed we saw oil inventory fall last week. in about anumbers half-hour and we will see if that held true. oil is higher for the moment by about 1%. betty: it is a busy deal day. >> and a lot of it has to with 70 -- semiconductors. is $20 per share in cash. was firste deal reported earlier in october, a 41% premium to where the stock closed. down significantly by 7%. also intensifying the bidding war, skywards has an existing bed. micro has increased its bid per share. raising the cash portion of its bid. shares are little bit down. we have talked about this a lot that it has been a busy time. the green lines are the number of deals. the announced deals have been 91 billion dollars. it is not just limited to semiconductors. canadian pacific has made a bid but it is not getting details. it has come out and said that it .s too low looks like there will be negotiating here potentially. betty: it sounds like it. thank you. now vonnie quinn has the latest headlines. vonnie: we start with paris. the fate of the man su

that is supported by the association of american railroads the american chemistry council, the railway supply institute, the american petroleum institute and renewable fuels association and i'm proud to offer this amendment to improve the safety of moving crude oil by rail. this is an issue that is very important to pennsylvania. i thank chairman shuster and ranking member defazio for working with me on this amendment. i thank mr. lipinski for co-sponsoring the amendment. i reserve. the chair: the gentleman from pennsylvania reserves. the gentleman from oregon is recognized. mr. defazio: i claim time in opposition although i'm not in opposition. the chair: without objection. the gentleman is recognized. mr. defazio: i thank the gentleman for noting this deficiency in the rule the two gentlemen involved. it is inex politicable that they noted the need in the new design to have protection against the valve, they did not extend that to retrofitted cars. this amendment will ensure they meet the stronger standards. i think this amendment has tremendous merit and i would yield to the gentleman from illinois, democratic sponsor of t

oil is trading at its lowest since late august and we have got the numbers from the american petroleum instituteory last week which will get the official numbers from the government tomorrow, a day later than typical because of the veterans day holiday. down 2.7%. , anothertching gold bad stretch for the losing streak we have seen gold on, down another .4% today. same reason people are looking andthe outlook for the fed we will potentially see an intricate -- increase in interest rates in december. copper we are looking at because we see the annual american copper council meeting starting on tuesday. according to the barclays analyst, it is the buyers of copper who have the winning hand right now because of the oversupply we see in the copper market area at the consumers of copper will have better negotiating power although copper right now as you see is little changed. then i want to get unorthodox and talk about commodities we do not typically talk about. there is sadly not an index that looks that grades, but a story on bloomberg terminal says there is a huge crop of grapes this year that wil

ahead of the petroleum institute group, said, by rejecting the keystone pipeline, the president has put extreme ideology over americanpportunity. the president of the national resource defense council said in favor of the environment. ja first club will be que, opposing the decision. caller: i do reject the idea. i am a conservative. jacque,hat was apparently we have lost you. we will go on to the story from "the wall street journal," theuding some response from chief executive of transcanada, the company behind the project. he said that the state department own review present compelling evidence that keystone xl wa would not exacerbate greenhouse gas emissions, and that misplaced symbolism outweighed merit and science. the story goes on to report that he has said that his company was unlikely to abandon the project entirely, but he also said in an interview last month that transcanada would consider writing off the $2.4 million that it has already spent on the lie shallow.let it by shallow russell, you say you support president obama's decision, why is that? caller: for the three reasons he gave. i thought that way