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traveled to north dakota in an attempt to determine why bakken crude is so volatile. >> what makes bakken different is the clear, colorless volatiles, gases that ignite easily. and that explode. >> reporter: and with a low flash point of just 73°, you get explosions like the one that occurred this week in west virginia and in castleton north dakota in december of 2013. crude oil is not supposed to oexplode. the industry insists that bakken is no different than other kind of crude. >> reporter: the industry in north dakota has said the bakken crude is what it calls within norms, no more volatile or flammable than other crude. what do you think of that? >> that's just not the case from the analysis that we've done. >> reporter rob davisful organizian commissioned a study. >> the analysis we did of oil that's moving through the state shows that it is far more volatile than gasoline you put in your car, than any oils that move through the country's pipeline system. >> what was different? >> a lot of propane, a lot of butane essentially. >> in fact daifers found davis found that bakken had mor
traveled to north dakota in an attempt to determine why bakken crude is so volatile. >> what makes bakken different is the clear, colorless volatiles, gases that ignite easily. and that explode. >> reporter: and with a low flash point of just 73°, you get explosions like the one that occurred this week in west virginia and in castleton north dakota in december of 2013. crude oil is not supposed to oexplode. the industry insists that bakken is no different than other kind of crude....
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Feb 13, 2015
02/15
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worker safety in the bakken. i mean at least for their families to tell them that you're interested. >> i gave the governor a chance to answer one question about worker safety in the bakken, he wouldn't do it >> the oil industry was the largest contributor to governor dalrymple in his 2012 gubernatorial race. >> you think about one but forty my god. it's terrible. >> and for what? >> so they can make more money. >> more money name of the game. >> less than six weeks after dustin was buried, another nabors industries employee died on the job in north dakota. >> i just don't understand it continuing to happen. like how many people's got to lose their life for someone to finally open their eyes okay we're doing something wrong here let's make it right. it's all about profit. >> if jobs are going to keep producing as fast as they are and money's just flying in you know as fast as it is. it's going to stay this way. there's no way people are going to slow things down. they keep drilling wells and keep adding on more r
worker safety in the bakken. i mean at least for their families to tell them that you're interested. >> i gave the governor a chance to answer one question about worker safety in the bakken, he wouldn't do it >> the oil industry was the largest contributor to governor dalrymple in his 2012 gubernatorial race. >> you think about one but forty my god. it's terrible. >> and for what? >> so they can make more money. >> more money name of the game. >> less...
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Feb 18, 2015
02/15
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we have learned shipments of bakken crude to the rail yard has been halted. the last one kerry and crude past the bay area in late november. >>> they don't plan on having any more crude come in until the prices start rising. >>> fire marshal said the company told him that with the price of oil so low, it is not cost-effective to transport bakken crude. the train cars that blew up in west virginia are the exact same models that travel to richmond and are supposed to be designed to prevent a disaster. >>> cruze in west virginia are not fighting the fire from monday's rail tanker explosion, instead, they are -- they're letting the fire burned itself out. work has begun are removing the real cars. most of the 300 people were evacuated i know back home. >>> and antioch team will be arraigned on rape charges. he's being tried as an adult. he's accused of kidnapping domino's pizza delivery driver it been for rob robbing and raping her. >>> the boy was wearing an ankle monitor at the time. we won't -- will talk about the next criminal past or the data shows, it was a
we have learned shipments of bakken crude to the rail yard has been halted. the last one kerry and crude past the bay area in late november. >>> they don't plan on having any more crude come in until the prices start rising. >>> fire marshal said the company told him that with the price of oil so low, it is not cost-effective to transport bakken crude. the train cars that blew up in west virginia are the exact same models that travel to richmond and are supposed to be designed...
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Feb 18, 2015
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the explosion and fire involved the same bakken crude oil that's moved through the bay area.t a big change. environmentalists have called them bomb trainings. they are full of the same volatile bakken crude oil that's fueling this explosion in west virginia. for months, the trains have been rolling through the city of richmond. but kpix 5 has learned kinder- morgan has abruptly halted the trains. the last one carrying bakken crude passed through this area november 22. >> they don't plan on having any more crude come in until prices rise with the barrel of crude. >> reporter: fire marshal terry harris says kinder-morgan told him with the price of oil so low, it's no longer cost- effective to transport bakken crude by rail. and although it's unclear how long the project will remain on hold -- >> it relaxes everyone so that we know that the product is not coming into the city. >> reporter: what harris does not find relaxing is what he learned that the train cars that exploded in the west virginia derailment are the exact same cars that had been coming through richmond. they are
the explosion and fire involved the same bakken crude oil that's moved through the bay area.t a big change. environmentalists have called them bomb trainings. they are full of the same volatile bakken crude oil that's fueling this explosion in west virginia. for months, the trains have been rolling through the city of richmond. but kpix 5 has learned kinder- morgan has abruptly halted the trains. the last one carrying bakken crude passed through this area november 22. >> they don't plan...
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Feb 17, 2015
02/15
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this train derailed on the same tracks where trains transport 1 million gallons of bakken a week. luckily this 1 was full of corn rather than crude. >> we're not prepared today. >> reporter: after that accident state senator jerry hill wrote governor brown this letter urging him to halt the transport of crude oil by rail through our most treacherous passes in california. months later he's still waiting for an answer. >> i'm concerned that the railroads are not doing enough. i'm concerned that the oil companies are not taking it as seriously as he should. >> reporter: hill authored a bill that would collect money to train first responders to fight the catastrophic fire if a crude derailment like this one happened here. >> this really brings home the fact that we're not ready. >> reporter: the oil companies and railroads claim in their defense accidents like the one in west virginia today are extremely rare. they say they are taking precautions by slowing trains down as they go through canyons and other dangerous areas, but senator hill says that is not nearly enough. christin ayers
this train derailed on the same tracks where trains transport 1 million gallons of bakken a week. luckily this 1 was full of corn rather than crude. >> we're not prepared today. >> reporter: after that accident state senator jerry hill wrote governor brown this letter urging him to halt the transport of crude oil by rail through our most treacherous passes in california. months later he's still waiting for an answer. >> i'm concerned that the railroads are not doing enough....
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Feb 17, 2015
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. >> reporter: we discovered last march 100 car trains full of that potentially explosive bakken crude oil were quietly rolling through richmond and hardly anyone knew about it. that's still going on today and environmentalists and politicians worry the next catastrophic disaster could happen here. tonight the fire is burning strong in west virginia and could continue into tomorrow. >> here we go again, you know. we knew this would happen again. it was just a question of when and where. >> reporter: tonight bay area environmentalists are watching very closely because there are trains carrying the same highly flammable fracked oil that was on those trains through richmond on their way to martinez. >> the blood is on the hands of the rail companies because their rails are unsafe. >> reporter: andre soto is the richmond organizer for communities for a better environment. he says not only are the rails unsafe, the cars are, too. >> they're running this stuff, this explosive bakken crude in train cars designed to carry high fructose corn syrup. >> reporter: soto points to what happened in t
. >> reporter: we discovered last march 100 car trains full of that potentially explosive bakken crude oil were quietly rolling through richmond and hardly anyone knew about it. that's still going on today and environmentalists and politicians worry the next catastrophic disaster could happen here. tonight the fire is burning strong in west virginia and could continue into tomorrow. >> here we go again, you know. we knew this would happen again. it was just a question of when and...
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Feb 18, 2015
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most of the cars were carrying bakken crude. the oil is highly combustible. in 2013, 47 people died in quebec after a train carrying bakken crude derailed. that same year another crash sent flames shooting into the sky in north dakota, and in 2014, it happened in lynchburg virginia. older rail cars have been prone to punctures and the industry is moving towards tank cars with thicker shells, but it was those upgrade cars that exploded yesterday in west virginia. it's not clear if this derailment will lead to changes, to new rules for crude oil transport submitted to the white house for review earlier this month. scott, some members of congress have been calling for the rulesns to be finalized as quickly as possible. >> pelley: jeff, thank you. in another important story today, tomorrow was supposed to be a historic day for millions of illegal immigrants. they would be able to begin to apply for legal status under immigration reform thatju president obama implemented by executive action over the objections of congress. but a federal judge's ruling has now put
most of the cars were carrying bakken crude. the oil is highly combustible. in 2013, 47 people died in quebec after a train carrying bakken crude derailed. that same year another crash sent flames shooting into the sky in north dakota, and in 2014, it happened in lynchburg virginia. older rail cars have been prone to punctures and the industry is moving towards tank cars with thicker shells, but it was those upgrade cars that exploded yesterday in west virginia. it's not clear if this...
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Feb 18, 2015
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they are full of the same volatile bakken crude oil that is fueling this explosion in west virginia. trains have been rolling through the city of richmond, by kpix5 learned that kinder morgan abruptly halted the trains. the last time a bakken crude oil train came in was november 22. >> they don't plan to have anymore crude coming in until the prices start rising. >> reporter: terry harris said kinder morgan told him, it is no longer feasible to transport the oil by rail. >> it appeases everyone. knowing it is not coming into the city. >> reporter: what harris doesn't find relaxing is what he learned today. the train cars that exploded in the west virginia derailment are the same cars that had been coming through richmond. they are supposed to have handle the explosion. while morgan waits to see whether kinder morgan resumes operations, he is waiting to see if his firefighters are ready to tackle a crude oil disaster. >> it erupts in a ball of fire. we are trying to cool off the cars within 20 minutes. >> reporter: we learned there are more advanced reenforced train cars in the works.
they are full of the same volatile bakken crude oil that is fueling this explosion in west virginia. trains have been rolling through the city of richmond, by kpix5 learned that kinder morgan abruptly halted the trains. the last time a bakken crude oil train came in was november 22. >> they don't plan to have anymore crude coming in until the prices start rising. >> reporter: terry harris said kinder morgan told him, it is no longer feasible to transport the oil by rail. >> it...
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Feb 18, 2015
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the last one carrying bakken crude passed through the bay area in late november. >> they don't plan on having any more crude come in until the prices start rising with the barrel of crude. >> richmond's fire marshal says the company told him that with the price of oil so low, it is not cost-effective to transport crude. he says the train cars that blew up in west virginia are the same model that traveled through richmond supposedly new and improved. crews in west virginia are letting the fire burn itself out. as it subsides, work has begun to remove the railcars. most of the 300 people who were evacuated are back home and their water and electricity are back online. >>> a candlelight vigil is planned this evening to pro his morality clauses added to teacher contracts at catholic schools in the san francisco diocese. four high schools in san francisco, san mateo and kentfield all affected. eight state lawmakers have written a letter to the san francisco archbishop urging little to remove the cause. in the letter the lawmaker says this: it strikes a divisive tone which stands in stark co
the last one carrying bakken crude passed through the bay area in late november. >> they don't plan on having any more crude come in until the prices start rising with the barrel of crude. >> richmond's fire marshal says the company told him that with the price of oil so low, it is not cost-effective to transport crude. he says the train cars that blew up in west virginia are the same model that traveled through richmond supposedly new and improved. crews in west virginia are...
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Feb 3, 2015
02/15
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that's one of the most economic ways to get crude out of the bakken. we're just starting it now, and i'm happy to say that based on our nominations, we're going to be basically full the first month. we plan to expand that by year-end this year and hopefully expand it further in the future. we've got long-term contracts. we're in the tier 1 acreage in the bakken. did a well by well analysis. we're comfortable with the position. it's accretive in '15 and gets more accretive in the out years. we're very pleased with the acquisition. >> all right. one last thing. i know that people said jim, you love rich you love rich but rich is retiring. i say you said that you were going to die with your boots on in the conference call, which means to me we're going to be talking many more times and it's not going to be you riding off into the sunset. >> no i'm not runiding off into the sunset but steve kane is going to be a great ceo, we've got a great management team i'm going to be there to participate in all the major decisions, including acquisitions including big
that's one of the most economic ways to get crude out of the bakken. we're just starting it now, and i'm happy to say that based on our nominations, we're going to be basically full the first month. we plan to expand that by year-end this year and hopefully expand it further in the future. we've got long-term contracts. we're in the tier 1 acreage in the bakken. did a well by well analysis. we're comfortable with the position. it's accretive in '15 and gets more accretive in the out years....
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Feb 19, 2015
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explosions rock the scene of monday's trail derailment in fayette county west virginia, from here, the bakken oil fields of north
explosions rock the scene of monday's trail derailment in fayette county west virginia, from here, the bakken oil fields of north
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Feb 13, 2015
02/15
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ten years ago there were fewer than 200 oil-producing wells in the bakken. now there are more than 8,000. >> they call it boomtown usa this is where all the money is. it's crazy the amount of money you can make here. >> this rapid pa
ten years ago there were fewer than 200 oil-producing wells in the bakken. now there are more than 8,000. >> they call it boomtown usa this is where all the money is. it's crazy the amount of money you can make here. >> this rapid pa
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Feb 17, 2015
02/15
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the train was traveling from north dakota to yorktown, virginia, carrying bakken crude oil. it is some of the most combustible crude oil on earth. it's been spilled in a series of derailment over the last two years. in december, 2013 a massive fireball erupted over castleton, north dakota, and in july, 2013 47 people died after a train carrying bakken crude derailed in a canadian town. >> the ntsb has investigated too many of these kinds of accidents, have made too many recommendations that have gone unheeded. >> reporter: the national transportation safety board has made rail safety a priority. >> less than two weeks ago the u.s. department of transportation sent a package of new rail regulations to the white house for review. >>> the white house is suspending its plan to allow undocumented immigrants to apply for legal status. homeland security secretary jeh johnson made the announcement today after a federal judge in texas ruled president obama exceeded his authority when he issued the executive order on immigration last year. the obama administration will appeal. in the
the train was traveling from north dakota to yorktown, virginia, carrying bakken crude oil. it is some of the most combustible crude oil on earth. it's been spilled in a series of derailment over the last two years. in december, 2013 a massive fireball erupted over castleton, north dakota, and in july, 2013 47 people died after a train carrying bakken crude derailed in a canadian town. >> the ntsb has investigated too many of these kinds of accidents, have made too many recommendations...
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Feb 19, 2015
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. >>> ktvu fox 2 news has learned the train shipments of bakken crude oil to richmond have been stopped. bakken crude is the oil from fields in north america and it is considered more flammable than other types of crude. the reason the shipments have stopped is because of the falling price of oil. kinder morgan, the operator, stopped the shipments back in november when crude was $63 a barrel. it is now down to $54 a barrel which is not enough for them to resume the shipments. >>> bay area weather and a series of slight changes. let's go to chief meteorologist bill martin. explain how today is different. >> the sun came out sooner. yesterday, it started off like this. but yesterday, the fog didn't really burn off. so today, it did, and temperatures got back into the mid and upper 60s . and more sunshine made for generally a nicer day. this is a good looking active pacific. a lot of storms out here, but the jet stream is taking everything to the north of us. that will keep us dry through the weekend. there is the fog again. burns off 10:00, 11:00 in other places. overnight lows tonight wi
. >>> ktvu fox 2 news has learned the train shipments of bakken crude oil to richmond have been stopped. bakken crude is the oil from fields in north america and it is considered more flammable than other types of crude. the reason the shipments have stopped is because of the falling price of oil. kinder morgan, the operator, stopped the shipments back in november when crude was $63 a barrel. it is now down to $54 a barrel which is not enough for them to resume the shipments....
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Feb 18, 2015
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. >> reporter: the train was carrying oil from the bakken fields in north dakota to virginia. going off the tracks near mount carbon, west virginia. the most recent in a series of oil train accidents. lynchberg, virginia, last year, 30,000 gallons dumped into the james river. and quebec, canada, in 2013, 47 dead, a town leveled. the concern? oil train traffic is up 4,000% in six years carrying especially flammable crude out of north dakota and alberta, canada. >> you put 30,000 gallons of flammable oil per car onto 100 or 150-car train, and you try to drive it through a major population area, anything goes wrong and it's a disaster. >> reporter: many of the oil cars used today are older models that government safety regulators want phased out. but the railroad says the oil cars used in this crash were new, reinforced models. still, there's no such thing as a risk-free oil car. tom costello, nbc news, washington. >>> a pivotal day of testimony in the trial of the former marine accused in the killing of "american sniper" chris kyle, after five days the prosecution rested and the
. >> reporter: the train was carrying oil from the bakken fields in north dakota to virginia. going off the tracks near mount carbon, west virginia. the most recent in a series of oil train accidents. lynchberg, virginia, last year, 30,000 gallons dumped into the james river. and quebec, canada, in 2013, 47 dead, a town leveled. the concern? oil train traffic is up 4,000% in six years carrying especially flammable crude out of north dakota and alberta, canada. >> you put 30,000...
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Feb 16, 2015
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it is bakken crude from north dakota, more flammable than other oil. the amount of crude oil on our rails has jumped dramatically. more than 400% in the last several years. and federal regulators say those tank cars are vulnerable and need to be reinforced. >> and david kerley with us now from our washington baurureau are the fires going to burn themselves out now? >> reporter: that's all they can do. it will be hours before it burns itself out. then a look at the environmental damage. the inlets from the river have been shut down. residents have been told to conserve water. >> david kerley thank you. >>> now, to new developments this evening in the "american sniper" trial. the man amused of killing navy s.e.a.l. chris kyle. his transformation from his days as a marine in iraq looking much different now in court. well, this evening, for the first time we see the video of his police confession. here's abc's ryan owens from texas. >> reporter: head down on the table, hands cuffed behind his back. that's how the jury first sees eddie routh in this police
it is bakken crude from north dakota, more flammable than other oil. the amount of crude oil on our rails has jumped dramatically. more than 400% in the last several years. and federal regulators say those tank cars are vulnerable and need to be reinforced. >> and david kerley with us now from our washington baurureau are the fires going to burn themselves out now? >> reporter: that's all they can do. it will be hours before it burns itself out. then a look at the environmental...
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Feb 20, 2015
02/15
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the pipeline operators, the people that build this -- bakken. they're having difficulty because every new pipeline project gets blocked by the same people that claim that they want to clean up the environment. the state department's own study says that when you transport oil by rail you have more accidents. and, frankly, they even put a number of deaths on that figure for not building a pipeline like keystone. we have to look at safety first and remove politics from this debate. >> guest: well two quick points. i think brick and knows this. a lot of the pipeline operators themselves in north dakota are rejecting some without bakken accrued for the supper is that the producers are not investing in the stabilizers, not making that as safe as it needs to be. we're moving about 25 million gallons a day out of the bakken on rail. as for candidate goes, we don't have a better friend. when john terry was sworn in the very first day on the job, his very first guest was the foreign minister from candidate. we have one of the largest borders in the world.
the pipeline operators, the people that build this -- bakken. they're having difficulty because every new pipeline project gets blocked by the same people that claim that they want to clean up the environment. the state department's own study says that when you transport oil by rail you have more accidents. and, frankly, they even put a number of deaths on that figure for not building a pipeline like keystone. we have to look at safety first and remove politics from this debate. >> guest:...
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Feb 17, 2015
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earlier this afternoon, a 109-car train, carrying highly flammable bakken crude oil derailed.t forced the evacuation of at least two west virginia towns. and the governor has now declared a state of emergency. at least one oil tanker fell into the river koreaing a burning oil slick and that has prompted state officials to cut off water treatment plants downstream. the fire had been burning for several hours, is it now under control? >> reporter: it is somewhat contained, but at this point the plan is to let at least some of those cars burn out as a way to take care of the contents. >> there have been conflicting reports about the number of people affected by possible water contamination. can you shed any light on what their situation is? >> yes, one of the two public water sup place potentially affected by this served the community of montgomery and surrounding communities. and that water system has about 2,000 customers. sit believed that cedar grove is somewhat smaller. we're not sure how much screwed-- much crude is in the water, but out of an abundance of precaution those
earlier this afternoon, a 109-car train, carrying highly flammable bakken crude oil derailed.t forced the evacuation of at least two west virginia towns. and the governor has now declared a state of emergency. at least one oil tanker fell into the river koreaing a burning oil slick and that has prompted state officials to cut off water treatment plants downstream. the fire had been burning for several hours, is it now under control? >> reporter: it is somewhat contained, but at this point...
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Feb 18, 2015
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the train was carrying oil from the bakken fields in north dakota to virginia.y bakken oil is more flammable and that heavier cruise from canada or california. more oil is being carried on the rails. in 2009, more than 10,000 tanker cars carried oil. in 2013 that number jumped to 500,000, and we have seen a rise in high-profile accidents. last april, 30,000 gallons of oil went into the james river in lynchburg, virginia. december 2013 400,000 gallons spilled in castleton, north dakota and in just 2013 47 people killed in quebec canada. a day after being told not to drink the water for fear of contamination, some good news for residents. >> now with the tests coming back all negative people can get their, you know water and get their lives back to order. >> reporter: now, while the taps are open here for some 2,000 residents, they remain under a boil water order this morning. as for the cause of the accident csq railroad says it's much too early to speculate. during the train derailment there was just a tremendous snowstorm going on here. csx also points out just
the train was carrying oil from the bakken fields in north dakota to virginia.y bakken oil is more flammable and that heavier cruise from canada or california. more oil is being carried on the rails. in 2009, more than 10,000 tanker cars carried oil. in 2013 that number jumped to 500,000, and we have seen a rise in high-profile accidents. last april, 30,000 gallons of oil went into the james river in lynchburg, virginia. december 2013 400,000 gallons spilled in castleton, north dakota and in...
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-sponsored peace keeping force for example like we had in the bakkens. i think the lesson for this for the international community, it's one thing to get rid of a government it's another thing to create a stable government after you leave. four years later, we still don't have a stable government and instability allows groups like isis to come in and get a foothold. >> u.n. intervention whatever it ends up being, takes an awfully long time to get that signed off. in the meantime we have got what appears to be three fronts. militias from both governments heading to take on isil and both of them are enemies too. >> that's correct. and that is why it's so complicated in the whole -- you know the whole region just like in iraq where they are essentially partnering with iran to get rid of isil. >> why did isil bring in egypt? >> yeah i think isil in the short-term they may have you know gotten more attention for the horrible thing they did, but in the long term just like burning alive the jordanian pilot, this is going to hurt them. because egypt and jordan w
-sponsored peace keeping force for example like we had in the bakkens. i think the lesson for this for the international community, it's one thing to get rid of a government it's another thing to create a stable government after you leave. four years later, we still don't have a stable government and instability allows groups like isis to come in and get a foothold. >> u.n. intervention whatever it ends up being, takes an awfully long time to get that signed off. in the meantime we have...
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that train that blew up in lynchburg, virginia last year was carrying bakken crude oil heading for thestorage facility. that was april last year when that train exploded and sent those rail cars into that river in virginia. now it's west virginia. we've seen a long and lengthening string of these derailing, exploding oil trains. just in recent history, right? there's the run away oil train that crashed and exploded and killed 47 people in canada in 2013. a few months later, most of castleton, north dakota fled the explosion when an oil train crashed and exploded there. there was that crash in lynchburg lynchburg, virginia, last year. there was a crash today along the same line in west virginia. the federal government has been considering new standards for older tanker cars to try to make them safer. even if those new standards get approved, the rollout is expected to take 20 years. meanwhile, in places like west virginia reporters have been asking for information about the oil trains that have been moving through their communities. you know what? every once in a while, it gets hard to
that train that blew up in lynchburg, virginia last year was carrying bakken crude oil heading for thestorage facility. that was april last year when that train exploded and sent those rail cars into that river in virginia. now it's west virginia. we've seen a long and lengthening string of these derailing, exploding oil trains. just in recent history, right? there's the run away oil train that crashed and exploded and killed 47 people in canada in 2013. a few months later, most of castleton,...
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Feb 3, 2015
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we went to the bakken and to the midland and calgary. once a rig is producing, it will keep producing. it takes a lot to shut down a rig. it's ease where i to not drill new wells, but to close a rig is hard. >> well, not only is it hard, but the rig that is are being closed are not exactly the most productive ones. if you look at the data on rig count versus production, about 70% of the production is coming from about 30% of the rigs being deployed, and guess what, those rigs are not being shut down. those are the ones that have initial production rates and sustainable production rates that are many times larger than the rig that is are being cut out of the market. it's not like it's a one to one relationship. you cut a rig, and you slow down production growth. the margin in that is really, really, really big. you've got to shut down significantly more rigs than they've shut down to get to the point where production is going to be stiffled. >> possibly 30s. what about 20s? sfwlu you can't ever call a bottom. the market when it moves to,
we went to the bakken and to the midland and calgary. once a rig is producing, it will keep producing. it takes a lot to shut down a rig. it's ease where i to not drill new wells, but to close a rig is hard. >> well, not only is it hard, but the rig that is are being closed are not exactly the most productive ones. if you look at the data on rig count versus production, about 70% of the production is coming from about 30% of the rigs being deployed, and guess what, those rigs are not...
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Feb 19, 2015
02/15
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KCSM
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there are moving bakken crude which is highly explosive, as we saw before.ng tar sands crude, some cases. over the weekend, we had an explosion in canada of a train carrying tar sands crude. >> explain what happened there in ontario, canada. >> similarly, yet a tar sands train that went off the rails and exploded. again, this is the kind of thing that we have been seeing happening again and again with his industry. it is interesting because the industry says, well, this is why we need pipelines, because rail is more dangerous. that is not a choice at all choice between pipelines or rail is really a choice -- tremendously bad choice. the real choices about energy policy for the future and whether or not we are going to choose clean energy or continue to use also fuels that not only pose grave dangers to our communities, but also culturally, drive up time a change. >> stephen kretzmann, you have a map on the website that illustrates the shipment of oil by rail across north america. you see colored lines representing different rail companies which form a vast w
there are moving bakken crude which is highly explosive, as we saw before.ng tar sands crude, some cases. over the weekend, we had an explosion in canada of a train carrying tar sands crude. >> explain what happened there in ontario, canada. >> similarly, yet a tar sands train that went off the rails and exploded. again, this is the kind of thing that we have been seeing happening again and again with his industry. it is interesting because the industry says, well, this is why we...
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Feb 27, 2015
02/15
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CNBC
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he still rides the burlington northern railroad which has the most oil exposure in the group, that bakken line. buffett might not answer these questions in his letter but i bet becky quick asked them in the extravaganza monday "squawk box." don't bother me during those three hours, don't tweet me. especially if he comments on what ibm said this week about trying to move into high-growth areas that frankly i wonder whether warren buffett might find as faddish and unsustainable. usually i don't like to time trades exquisitely, but do you know -- do you know that for nearly every quarter in the last five years, i've suggested a strategy out here in my game plan that has worked pretty much like clockwork, which is to buy auto zone azo, after the zone reports. it won't be easy. auto zone has been disappointing analysts for the last couple years. you're going to be afraid because they're going to say negative things. but it has been the single most aggressive buyer of its own stock of any company i follow and it seems to kick in that buyback, after the quarter. they report the analysts get disa
he still rides the burlington northern railroad which has the most oil exposure in the group, that bakken line. buffett might not answer these questions in his letter but i bet becky quick asked them in the extravaganza monday "squawk box." don't bother me during those three hours, don't tweet me. especially if he comments on what ibm said this week about trying to move into high-growth areas that frankly i wonder whether warren buffett might find as faddish and unsustainable. usually...
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Feb 17, 2015
02/15
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LINKTV
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the train was carrying oil to virginia from the bakken shale in north dakota, where a boom in oil productionhas increased oil-by-rail shipments more than 4,000% in recent years. the incident came after another oil train derailed in ontario, canada saturday, sparking a fire that has burned for at least two days. secretary of labor tom perez is due in california today for talks aimed at ending a contract dispute between shipping companies and union dockworkers. for days, the shipping firms have partially shut down activity at 29 west coast ports handling nearly half of all u.s. maritime trade, after accusing workers of waging a slowdown. but union officials deny the slowdown and blame backups on the companies. the dispute has left dozens of container ships idling off the coast. a federal judge in texas has blocked president obama's executive actions on immigration. in november, obama outlined programs aimed at providing relief from deportation to as many as five million people. but texas and 25 other states sued to oppose the measures. two days before the first of the programs was due to start
the train was carrying oil to virginia from the bakken shale in north dakota, where a boom in oil productionhas increased oil-by-rail shipments more than 4,000% in recent years. the incident came after another oil train derailed in ontario, canada saturday, sparking a fire that has burned for at least two days. secretary of labor tom perez is due in california today for talks aimed at ending a contract dispute between shipping companies and union dockworkers. for days, the shipping firms have...
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95
Feb 18, 2015
02/15
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CNBC
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to crater he's got enough exposure given that the railroad is essentially pulling crude out of the bakken>> owns burlington northern santa fe. >> fully. >> maybe he feels he's overexposed. >> the -- >> that stock looks like it's about to explode higher. checks all of buffet's boxes, cheap, great american brand, big market share, good cash flow, that's a really interesting stock and i would be long that name. i like it. >> kate, thanks. >> thank you. kate kelly coming up financials popping over the last month but is that rally for real? the traders are split. we're heading inside the hotel industry with the ceo of one of the most well-known chains in the business, hilton's ceo joins us live in a cnbc exclusive fresh off the company's earnings release. more half up next. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience
to crater he's got enough exposure given that the railroad is essentially pulling crude out of the bakken>> owns burlington northern santa fe. >> fully. >> maybe he feels he's overexposed. >> the -- >> that stock looks like it's about to explode higher. checks all of buffet's boxes, cheap, great american brand, big market share, good cash flow, that's a really interesting stock and i would be long that name. i like it. >> kate, thanks. >> thank you....
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Feb 19, 2015
02/15
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CNBC
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eye 95
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doing that but remember he has burlington northern and that is tied to crude oil coming out of the bakken. one thing, i just want to say these calls were $40, $20 in oil this is classic momentum trading. i play zero stock in these calls. it's momentum. anybody can ride the momentum train. >> pete? >> i think what you've got to do is we've talked about can oil stabilize. i think it has we're sitting here today the volatility each and every day, the ovx over 61, trading between 54 and call it 64 the high end, but you look at oil 48 to 50 call it the low 50s where we are today. when you consider the fact that stabilization, that's why the market hit 2,000 on the s&p and confidence right now. >> the markets broadly as people try to game yet again when the fed is going to move. joe, good-bye. we'll see you soon on the show. >> one thing to keep in mind, march contract expires tomorrow. pay no attention, april mattered which is 52 bucks. >> we'll talk soon. >> thanks. >> just give me a broad thought on again this notion of lower for longer, longer than some even had been anticipating, by virtue
doing that but remember he has burlington northern and that is tied to crude oil coming out of the bakken. one thing, i just want to say these calls were $40, $20 in oil this is classic momentum trading. i play zero stock in these calls. it's momentum. anybody can ride the momentum train. >> pete? >> i think what you've got to do is we've talked about can oil stabilize. i think it has we're sitting here today the volatility each and every day, the ovx over 61, trading between 54 and...
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Feb 20, 2015
02/15
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CNBC
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energy and the bakken and energy in the u.s., in the companies, there's going to be money to be made,he question is when. >> do you think the fed moves this year? >> yes. >> summer or later? >> i can't answer that. >> you think they do. >> yes. >> what you saw, what you saw with walmart raising wages is what remember 1981/82 what ronald reagan did to break the back of inflation told the air controllers you're on strike, good you're fired. the wages happened. wages are an important element to get economic parody back and secondly an important subset of what goes on in the inflation index. wage wage wage, jobs are coming along. >> this strikes me as a pretty textbook mid-cycle period of time. you've got a lot of elements you would classically see happening and even if you look at just sinces the beginning of the year, russell 1,000 growth up 4.5%, russell 1,000 value flat. here's a separation happening. companies with better earnings growth starting to outperform and you finally have international indices kicking in. is this about what you expected and how would you invest based on that
energy and the bakken and energy in the u.s., in the companies, there's going to be money to be made,he question is when. >> do you think the fed moves this year? >> yes. >> summer or later? >> i can't answer that. >> you think they do. >> yes. >> what you saw, what you saw with walmart raising wages is what remember 1981/82 what ronald reagan did to break the back of inflation told the air controllers you're on strike, good you're fired. the wages...
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Feb 18, 2015
02/15
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WUSA
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. >> it involves bakken crude that prompted the government to change the way the highly flammable oil is transported. >> our ruling among other things proposes to enhance tank car standards. >> they could include thicker tanks, shields to spreemt them from crumb pling, rollover protection and high-tech brakes that would stop cars simultaneously to prevent them slamming into each other. but it could take years to enact and cost billions of dollars. there's been resistant to some of these changes and after this industry, many consider a safer option. there are calls for each tougher standards. just about two week as f proposed transport rules were submitted to the white house for review. norah. >> all right. jeff thank you so much. >>> this morning we have a new look at one of the world's most wanted terrorists. cbs news obtained this photo of the isis leader baghdadi. they took this picture of him as he served at camp bucca. they're now top isis leaders. the facility was described as a pressure cooker for extremism. >>> new information shows the last month's terrorist attack in paris w
. >> it involves bakken crude that prompted the government to change the way the highly flammable oil is transported. >> our ruling among other things proposes to enhance tank car standards. >> they could include thicker tanks, shields to spreemt them from crumb pling, rollover protection and high-tech brakes that would stop cars simultaneously to prevent them slamming into each other. but it could take years to enact and cost billions of dollars. there's been resistant to...
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Feb 18, 2015
02/15
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KPIX
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it is the latest in a series of derailments involving bakken crude that prompted the government to consider changes to the way the highly flammable oil is transported. >> our rulemaking among other things proposes to enhance tank car standards. >> reporter: those changes could include thicker tanks. shields to protect tanker cars from crumpbling rollover protection and high-tech brakes that would stop cars simultaneously prevental them from slamming into each other. upgrades like this could take years to enact and cost billions of dollars. there has been resistance in the industry to some of these changes, and after this derailment involving tanker cars, many in the industry consider a safer option there are calls for even tougher standards. just about two weeks after proposed crude oil transport rules were submitted to the white house for review. norah? >> jeff, thank you so much. >>> this morning, we have a new look at one of the world's most wanted terrorist. cbs news obtained this photo of isis leader al baghdadi. the u.s. military took the picture in 2004 while he served ten months as
it is the latest in a series of derailments involving bakken crude that prompted the government to consider changes to the way the highly flammable oil is transported. >> our rulemaking among other things proposes to enhance tank car standards. >> reporter: those changes could include thicker tanks. shields to protect tanker cars from crumpbling rollover protection and high-tech brakes that would stop cars simultaneously prevental them from slamming into each other. upgrades like...
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505
Feb 17, 2015
02/15
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KPIX
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eye 505
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2013 a massive fireball over north dakota and in july 2013 47 people died after a train carrying bakken crude oil derailed in the canadian town. the crashes are among the reason the national transportation safety board had made safety a priority. richard burson. >> the ntsb investigated too many of these accidents and too many recommendations gone unheeded. >> reporter: the department of transportation sent new safety regulation legislations to the white house for review. the industry is moving toward the new standards. >> kristin ketchell thanks. the 5 million illegal immigrants is uncertain this morning. jan crawford is in washington with the next steps for the president and his opponents. >> reporter: thank you. the order came down late last night and blocking the obama administration to implement the programs. the response to the lawsuit filed in texas by 26 states. they are saying the programs would cost millions. the president has no authority to impose them. the president's plan would allow longer term immigrants whose children were born here to ask for deferred deportation. it w
2013 a massive fireball over north dakota and in july 2013 47 people died after a train carrying bakken crude oil derailed in the canadian town. the crashes are among the reason the national transportation safety board had made safety a priority. richard burson. >> the ntsb investigated too many of these accidents and too many recommendations gone unheeded. >> reporter: the department of transportation sent new safety regulation legislations to the white house for review. the...
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Feb 17, 2015
02/15
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KYW
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ball erupted over castletown, north dakota and in july 2013 47 people died after a train carrying bakkenrude oil derailed in the middle of a canadian town. they are among the reasons why the why they've made it a priority. this is a former ntsb chairman. >> they've investigated too many of these kinds of accidents. made too many recommendations that have gone unheeded. >> reporter: now just two weeks ago, the department of transportation sent a final draft of new tank car regulations. monday's accident involved, those new tank cars the industry's moving toward. kristin ketchell for "cbs this morning." >>> the future of nearly five million illegal immigrants is uncertain this morning. a federal judge is challenging president obama's executive action. jan crawford is in washington with the next steps for the president and his opponents, jan, good morning. >> reporter: good morning, this order came down late last night. it would temporaryily block the president from implementing these programs. it's in response to a lawsuit that was filed in texas by 26 states this. they're saying the progr
ball erupted over castletown, north dakota and in july 2013 47 people died after a train carrying bakkenrude oil derailed in the middle of a canadian town. they are among the reasons why the why they've made it a priority. this is a former ntsb chairman. >> they've investigated too many of these kinds of accidents. made too many recommendations that have gone unheeded. >> reporter: now just two weeks ago, the department of transportation sent a final draft of new tank car...
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Feb 18, 2015
02/15
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KGO
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. >> reporter: he's talking about north dakota oil, known as bakken crude, which is more flammable andas contributed to many of the recent explosions. >> these are in many times going near our homes, schools and businesses. >> reporter: so much more oil is being transported through our neighborhoods and the government says those tank cars aren't sturdy enough for the job. puncturing and spewing that dangerous crude in an accident. this morning, here in mt. carbon, even though the water samples have come back negative, residents have been advised to boil it as a precaution. that water warning, just another level of safety. the environmental cleanup on the other side of the bank as they try to start to remove the tank cars. lara. >> david kerley, thanks so much. >>> now we turn to the war on isis. new questions this morning about the latest terror tape. experts trying to determine if the leader of the group that brutally executed 21 christians is american. abc's brian ross is with us with the very latest and good morning, brian. >> reporter: good morning, lara. as gruesome as that video
. >> reporter: he's talking about north dakota oil, known as bakken crude, which is more flammable andas contributed to many of the recent explosions. >> these are in many times going near our homes, schools and businesses. >> reporter: so much more oil is being transported through our neighborhoods and the government says those tank cars aren't sturdy enough for the job. puncturing and spewing that dangerous crude in an accident. this morning, here in mt. carbon, even though...