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

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 pace of

it is a result of the bakken oil boom in north dakota that caused a 1700% jump in the movement of crude by mail in just the past four years. in cities like philadelphia the spike in oil traffic has heightened concerns not only because they run so close to crowded areas but because they rely on aging sphrawcialghtd infrastructure like this viect build viaduct built in the 1920s. samantha phillips who heads the city's emergency management. >> i get the question why don't you sam phillips reroute these trains? i don't have the authority. the mayor doesn't have the authority, these are federally routed trains. >> announced this month by the transportation secretary and his canadian counterpart the rules come two years after the disaster in lac megantic quebec killing 27 people, the older cars are being phased out with stronger cars and thicker shells but it will take years speeds will also be reduced for oil trains moving through urban areas. >> the truth is that 99.9% of these shipments reach their destination in safety. the accidents that have occurred though have shown us that 99.9% isn'

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.

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.

a train hauling bakken crude burst into flames in the dakotas yesterday. 20 people were evacuated. no injuries. trains have derailed in west virginia, north dakota and canada in the past couple of years carry bakken crude. many bay area cities are opposed to the oil by rail shipments. >>> hillary clinton will make a fundraising swing in southern california today. tomorrow she will be in the portola valley for a fundraiser them to of ebay ceo john donahoe. yesterday, clinton was in the bay area enjoying some tea with the mayor. she attended fundraisers at private homes. >>> one time presidential candidate rick santorum says he will make a decision this month on whether he will run again in 2016. he ran for the republican nomination in 2012. eventually conceding to mitt romney. santorum is a former u.s. senator from pennsylvania. >>> a crucial test vote in the u.s. senate today on a bill that would give congress the final say on a nuclear deal with iran. the bipartisan legislation would take away president obama's authority to lift economic sanctions without congressional approval. t

on july 6, 2013, a similar train, also loaded with crude from the bakken shale formation, derailed and exploded in the center of lac megantic, quebec, killing 47 people and destroying much of the town center. seven years ago, u.s. railways carried just 9,500 carloads of crude each year. but today, as huge amounts of oil are produced in states like north dakota far from traditional pipeline infrastructure, that figure has jumped to half a million. and after a handful of oil train derailments already in 2015 regulators are taking notice enacting a raft of new regulations they hope will prevent future accidents. >> it's just not safe. >> reporter: don morrison runs the dakota resource council, a consortium of 700 landowners ranchers and businesspeople in the state. >> they didn't look down the road to figure out how are we going to get this to market in a safe way. >> reporter: most of the roughly nine million barrels of oil produced each day in the u.s. travels by pipeline, but 70% of the million barrels coming out of north dakota each day goes by rail. that's because most of the country

of what's happening here in north dakota where advances in fracking have unlocked crude oil in the bakkenmation in the western part of the state. north dakota is now producing more than a million barrels of oil a day.

what they took out of the bakken is extremely flackle.mmable. thing they should be doing is separating some of that at the origin and then shipping the safer stuff across the country. but that's an expense they don't want to bear. about ten days ago, the department of transportation came out with a new set of rules and regulations to try to monitor these things because just in this year alone there have been a half dozen of these horrific accidents. i'm sure you've seen the pictures of the railcars piled up on fire. but the rules that the d.o.t. proposed are pretty weak and not to take place for the next two and four and six and eight years. by that time, who knows how much of this shale gas will still be shipping. >> a danger on rails. john, thank you so much. good luck with the film. >>> coming up in the next hour, the emotional case of a so-called off the grid family fighting to regain custody of their ten children. >>who... is this?! >>hi, i am heinz new mustard. hi na na na na >>she's just jealous because you have better taste. whatever. >>

. -- bakken. yesterday 15% off the top of the cost of getting it to a sale of 70. you're not getting 70. i think we want to get close to the end user market, closer to refining center, eagle for and it's going to be a new play in oklahoma. the company like new field exploration and acquisition fiscal wake-up one company wanting eagle for buying another company for that reason. >> russell. isn't the boom now a bust? >> i don't think so. we have coaching as you put it and never come huge number of drilling rigs lay down and the commission. a lot of people laid off but we've also seen production remaining fairly steady. witnessing a huge drop off in production. we are not political issue. will probably shrink a little but we ran up to 9 million barrels a day and we will sort of we are sticky coming can pick one of the reasons is this is a really immature industry in the sense that is just learning how to do this. it's on how to make bigger wells for less money. to get more oil and gas out for less money to drill more wells, longer wells with fewer rigs. a lot of the s

. >> the crude oil, not just bakken, it has a higher level of volatility. >> it can blow up?it doesn't actually blow up. >> it can catch fire. >> it does catch fire. it has what we call a thermal tear. you see the flames. what i call the tv moment. but that being said, we've advocated for a stronger tank car. we've also increased the amount of inspections we're doing on the railroad. and we've also decided that slowing the trains down through metropolitan areas of over 100,000 people. so we address this with a three-pronged approach. prevention. mitigation. and then response. at the end of the day, the american public needs us to be successful in this for a number of reasons. domestic oil production and getting it right and being able to handle it the right way and the safe way. but also being able to produce it here at home is a huge idea. >> safety is always good definitely. i don't know how you keep these things safe from all the viewers. these are unbelievable. my little brother having one of these growing up, he would have gone nuts over this. how much does it cost to se

let us know that you care about the blocking oil -- the bakken oil, the so-called bomb trains.il trains through north dakota. nuclear weapons stored there. what if one of the trains the rails, blows up? what happens to the nuclear weapons nearby? so much to talk about. what does amtrak illustrate? so many things in the catastrophe outside philadelphia. if you look where it jackknifed so many people got hurt in the amtrak disaster from philadelphia to new york. you see nearby the oil tankers. worry, they were empty. what if they were full? we have to take stock of the fossil fueled economy. look at the explosion from 2008 that went on for three weeks. we urge you to call in. we ask you to stand up for independent media. dorothy, that was my mother's name, thank you for calling from michigan. you are getting "gasland." 866-359-4334. you heard about cu of point, maryland. what about the eastern shore of maryland? catonsville, owings mills arlington, silver spring, bethesda, make the call. if you live in montana, call. let us know that you are there. 866-359-4334. 866-359-4334. we

the county council has voted for a highly unpopular 4% tax increase but has turned bakken fairly on alan proposed to turn the school system around. scott broom is working to sort out all of the late breaking details. he joins us now from upper marlboro with more. scott? >> reporter: nobody's happy this afternoon. what we got this afternoon, essentially, was none, zero, of the grand plans the county executive had laid out to turn around the school system. but we got a 4% tax increase nonetheless. the afternoon's events were clearly a bitter pill for this divided county council to swallow. >> there comes a time when you can do it all. there comes a time when you you have to -- you have to sort of draw a line in the sand. >> i believe our challenges are greater than just putting money into the school. >> reporter: those were two of the three no votes. council chairman mel franklin is for the budget, but said a county turn around plan is simply too expensive. >> while we may support many of the concepts in the school system's strategic plan, we have collectively determined that beth the c

the oil that comes from the bakken in the dakotas and comes from the permian and the other ones around texas and louisiana mostly light oil. it's a different supply. it's a different refinery, and they tend to have different end use. neil: republicans are more interested in tapping that getting that than the democrats, traditionally. not across the board. who are the candidates that you see espouses those views the best? >> i don't think any of them has gotten to the point of differentiation on that issue so far. personally i think it's more important that we get to export oil than it is that we get to have the keystone pipeline. i think keystone would be nice, because it would give north american energy independence, and it also would stop adversely affecting our relationship with canada. and canada the failure to do keystone is a big, big deal. neil: they take great umbrage to it. any of the candidates interest you right now? >> well i think it comes down to the three, to jeb bush to scott walker and to marco rubio. they seem to be the ones that are the front-runners at the moment. n

it's as a result of the bakken oil boom, that caused a 70% jump in movement by rail in just the past four years. in cities like philadelphia, the spike in oil by rail, they rely on aging infrastructure like this viaduct built in the late 1920s and pressure has turned up on officials like samantha phillips who heads the office of emergency management. >> i get the question, why aren't you sam phillips not rerouting the trains? i don't have the authority the mayor doesn't have the authority. these are federally regulated rail lines. >> but long awaited safety measures announced this month by the transportation secretary and his canadian counterpart in philadelphia there are also tensions over sharing information about the city's emergency response. >> they should be getting public input on what the emergency importance plans are and sharing those plans with the public so that they can respond themselves. >> we live in a post-9/11 world. i professionally don't want to release a plan that can further enhance such an attack or put our first responders at risk. >> the risk that seems clear

. >> every day thousands of rail cars caring tanker after tanker of bakken crude oil roll through thewhen accidents happen they can be devastated n. february in mt. vernon west virginia 107 tanker cars filled with crude oil from north dakota derailers and the oil cars split open and a fire ball erupted. miraculously there was only one injure injury. >> a small community in quebec was not so lucky. it rolled free and went into down and exploded. 47 dead. >> i had the chance to visit it and noticed how similar the town was in many respects to my own village. >> karen is village president of barrington illinois supposed to be an up scale chicago communities where the biggest headache is the commute downtown but in the last few years a bigger headache has rolled into town the boom in domestic production of oil has led to more trains and more oil and more potential danger running right through barrington. >> you don't know on any given day what could happen, any given night. we have 10% of our homes within 300 feet of the tracks and a high school with 3000 students a few blocks away from t

in new mexico and in bakken. it brought it in half the price of two years ago.nted out, eog has better economics at $65 a barrel than at $95 a barrel three years ago. i think that says something. no one disputes that eog is the best rate of return of all the independent oil companies in the u.s. and it has the least leverage. and they produce more oil per well than every single company it competes against. it gets lumped in with the rest of the group, and i think it's ten months too late given that crude is going back up and the independent wells are well off the high. look eog was at 93 when oil was at 44 in january. now at 95 with oil at 61. but i think it's safe to say that this company cut back on the drilling at the right time and is ready with the huge number of soon to produce wells that are extremely lucrative as oil goes higher. i think it did exactly the right thing as opposed to other companies that started to pump aggressively when oil was lower. no matter the same guy who isolated the big keurig short incorrectly and the huge amazon short which is w

. >>> some new safety rules approved today for trains that carry potentially explosive bakken crude. the train cars will need to have a thermal shell with thicker steel walls. this would help prevent them from rupturing in an accident. the train also also need to have electronically controlled brakes. as we have been reporting several bay area cities have been fighting to keep crude by rail out of their communities because of safety concerns. >>> so we're on the eve of one of the biggest sporting events in years. manny pacquiao and floyd mayweather finally going to meet in a boxing ring of all places. who could have guessed ? >> the hype and excitement around this fight is so big, it hasn't needed any promotion at all. teri okita is live in las vegas where hundreds of thousands of people have come to the desert for what's being billed as the fight of the century. teri. >> reporter: yeah, what fight, veronica? [ laughter ] >> reporter: not only is it the fight of the century, it is called the class for all the cash. floyd mayweather is guaranteed $120 million, manny pacquiao $80 milli

. >>> a fiery explosion in north dakota after a train carrying bakken crude oil derailed. 20 people were no one was hurt. trains carrying that crude have derailed in several areas in the past few years. many bay area cities are opposed to these crude rail shipments. >>> hillary clinton will be in portola valley tomorrow for a fundraiser at the home of ebay ceo john donahoe. yesterday, mrs. clinton was in the bay area enjoying tea with san francisco mayor ed lee. she also attended a couple of fundraisers at a private home. >>> one time presidential candidate rick santorum says he will decide this month on whether he will jump into the race in 2016. he ran for the republican nomination in 2012. eventually he conceded to mitt romney. santorum is a former u.s. senator from pennsylvania. >>> an important test vote in the u.s. senate today on a bill that would give congress the final say on a nuclear deal with iran. the bipartisan legislation would take away president obama's authority to lift economic sanctions without congressional approval. that would only apply to sanctions that congress i

think another $5 higher is what you need in order to really get an increase in production in the bakkenin. i wouldn't be surprised if we had it maintain at $60 a barrel moving forward. i think everybody's happy. consumers are happen we b the saudis are happy. frackers are happy with what they have done but aren't going to be expanding. not such a bad place to be. >> thanks for phoning in. dennis gartman of the gartman letter. as you can see here, we're still awaiting president obama to come out and give us that news conference. meantime, we're going to take a quick break. be back right after this. stay tuned. and the most advanced vehicle stability system in the industry... ...you'll ride with a feeling of complete freedom and confidence. visit your can-am dealer and test drive the spyder f3 today. dovisit tripadvisor new york. with millions of reviews and the best hotel prices... book your next trip at tripadvisor.com today. older son: father! he's doing it again! father: jebidiah, i told you, it's dangerous! jebidiah: but pa, i'm planning my retirement! don't be afraid of technology.

as you may know on april 1st, north dakota -- or since then has been requiring vapor pressure bakken crude to be limited to 13.7 pounds per square inch before it's loaded into the railcars, but the big explosion in west virginia, the vapor pressure of that oil was at 13.9 psi. my question is whether the department of energy is working with the department of transportation in order to access the safety benefits of lowering crude oil vapor pressure before it's loaded onto trains. >> yes. so that is one of the specific focus areas of the work that i alluded to earlier that our lab has carried out and will carry out. but again, the early indications are that no one property seems to be directly correlated to the combustibility issues, but that will be researched much more in the next year, and then there will be specific combustion tests done in accident scenarios to test this out. the second issue is that frankly, the literature survey indicated that the lack of systematic characterization also didn't always make it clear what actually was being loaded. >> okay. well -- >> so we have to