be the bad guy and big oil obviously is angry as well they think that they have a right to be over it they're bad people i mean i'm just not sure the hollywood has like a very nuanced view of what political issues like maybe individuals do but when it comes like time for them to try and communicate and especially if they feel the need to communicate that children is no no. for everybody yes sort of i mean like to you know like toilet seats are made out of crude oil in like hospital to be you know like that's a lot of important stuff and big oil is partially responsible so i call these plastic products a big oil and also partially responsible for exploiting populations all over the world big oil isn't paying taxes where there's a lot of other big things that big oil does that screw people up most children's movies teach you that you're going to be rescued on a white horse and ride off into the sunset no matter who you are where you come from i would rather our children be learning the driving s.u.v.s is bad and that big oil is bad so hey a little less than having big oil is the enem

is bad so they are a little less thin and having big oil is the enemy kid sharon right here need a gas guzzler i don't think i have nuance like i should not be driving this should be through downtown washington well like i would like it if my local fire department a couple you know like nuance is ok it's perfectly acceptable and you know we need cars we need them like they're great they help us get around that's how you make entire movies about them for the ok. ok let me want to next move this morning's is really really good it's one of those videos. you really should watch the whole thing if you get a chance on you tube but we're just going to play a little snippet of a pilot who his mike was open and everybody heard but maybe it wasn't to come out publicly. lou lou. it was. i just can't get enough. we're going to be five times today and some people are like so disgusted that he's just such a part of the stajan is the guy he's all those things obviously the guy is a jerk but it's pretty funny you have to admit it's hilarious to actually listen to somebody say all that i never he

so, i call on my colleagues, get big oil off the federal welfare roll. let's invest in our country's future. and not further -- have larger windfalls for oil industry lobbyists and lawyers. we got to make sure our children and grandchildren inherit a country that's fiscally sound, morally responsible, able to pri health care, able to provide an education, able to guarantee that a child can prepare to be a leader in the future, to make sure that everybody sees a chance for themselves to succeed, to not be dependent on government programs but at least be able to have those programs to get them started in life. mr. president, with that, i yield the floor, and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: stphao* quorum call: mr. reid: mr. president? the presiding officer: the leader. mr. reid: i ask unanimous consent the call of the quorum be terminated. the presiding officer: without objection. mr. reid: i ask unanimous consent the senate proceed to executive session to consider the following nominations.

anywhere of the big oil front groups the american petroleum institute which is made up of all the big wigs of the oil industry like exxon mobil b.p. chevron they're up to something in iowa where a handful of republican candidates for president are campaigning right now as investigative reporter relief fund in progress has uncovered it merican petroleum institute has created an astroturf group to get average people to support gave oil without realizing the group known as the iowa energy forum has been hitting up republican presidential candidates and events across iowa to raise support for a variety of big oil concerns from new pipelines to keeping intact taxpayer subsidies while the group may at first look like it's made up of average concerned citizens it's not it's merely a p.r. gimmick paid for by the american petroleum institute for more on what's going on behind the scenes here i'm joined by lee fung reporter and blogger for think progress we welcome back to the show in town nice to see you thank you another day another front group is this just becoming business as usual on the r

have 6%. >> and i realize you represent the western states of the united states when it comes to big oil. but in general, we know opec turns a nobody, but do companies themselves ever do that? >> no. we own 6% of the world's oil at this point in time. not that we can't access more, but that's what we currently own. so that's a small percentage in the marketplace p so the market lays is set by those that own the oil. and that's the national oil companies, audi arabia, not the investor owned companies like she have rhonest, exxon, bp. >> the price stays relatively flat. so when the price of oil change, propertieses can enormous or much smaller, but the cost of getting it out of the ground stays stable. >> i love it when the reports come out and they say everybody is making too much money. of course they make a lot of oil, gasoline, jet fuel about. so what gets reported is that. about but when you step back for everybody who looks at earning, it's always net income versus revenue sales.t but when you st everybody who looks at earning, it's always net income versus revenue sales. but when yo

not to cut tax subsidies to big oil companies. the grim reaper is not here to cut from wealthy individuals all of the tax breaks that they have been getting. no. the grim reaper is here to cut something that is fundamental to life and that is money for food, for human beings. the grim reaper moving slowly, not bouncing at all, just creeping through the night with his scythe ready to cut the w.i.c. program. i'm opposed to any effort to remove funding for nutrition assistance for women and children, leaving them to go hungry in the streets. during these difficult times, soup kitchens, pantrys, nonprofits, including many in my district, they have reached their limits in terms of the assistance that they can give to those who need it. mr. chairman, the budget brought to the floor today will lead to a drastic, multi-million dollar shortfall for the w.i.c. program, not only resulting in more individuals going hungy, but placing additional strain on many aid agencies who have already reached the end of their rope. this week, i've spobe s

spend money we don't have on tax cuts for millionaires and billionaires or corporate welfare for big oil polluters to taxpayer subsidies that's actually not what that's actually not what eric cantor said and i think that's who you're referring to areas are said that you would love to give money to the republican house that we would love to give money to the people in joplin but we need to get money from elsewhere bad there's a finite amount of money and you don't have an infinite amount of money this is

manmade climate changes apennine right now basically every scientist who doesn't get a check from big oil believes climate change is real and that humans are responsible eleven he also went on to bash the cap and trade plan that he supported as governor of minnesota but now thinks is a bad idea that now that he's a republican candidate for president unclear when full and he will disclose how much money big oil through his campaign to get him to change his mind and the very very ugly but i want to select farms one of the nation's largest hog producers was caught red handed performing ghastly abuses against dogs by undercover video video shows pigs confined in crates barely larger than their own bodies pigs being thrown across the room pig's been beaten mutilated and pigs suffering from rampant infections and the employees that i was like farm seem to think that it was that all of their actions were justified. but we. would like very. very. very. see better cover video can see be seen on youtube right now although it is very graphic so graphic in fact that we would. couldn't show you any of

empire it's not our empire and the empire of big business the empire of law street the empire of big oil yet they send us people who couldn't afford to go to college people who need health care for our family people who don't have jobs they send us to do the fighting for them the reality is the majority of people in the united states are opposed to the wars in iraq and afghanistan. inside the military as well and we this government is going to continue sending us to fight and die in these wars that are not in our interest and really it's up to us to stop them and that was stephen lemon host of the progressive radio news hour an iraq war veteran and political activist michael price. well it is a sad day for son and a happy day for others when back wraps up his last show on fox news so what does that mean for fox forgot himself and the americans who have been tuning in for the last few years. reports. still through cleaned petri messenger of enlightenment i'm sorry. i just love my country. forward. a daily dose of cheers paranoia and up thirty gone too rotten to swallow when i see you know

empire it's not our empire is the empire of big business the empire of wall street the empire of big oil yet they send us people who couldn't afford to go to college people who need health care for our families people who don't have jobs they sent us to do the fighting for them the reality is the majority of people in the united states are opposed to the wars in iraq and afghanistan inside the military as well but this government is going to continue spending us to fight and die in these wars that are not in our interest and really it's up to us to stop it. all right real quick two sentences or less the last ask each of you what changes with gates out of office and panetta and stephen oh no you know everything what we want to see mostly it was who we don't have it or you were and were the ones that we created out of what we call our in the one. we created because they get angry so we go around. we do we you know we do so many it was we have only. you because i don't know what you need to go all right michael do you agree with that absolutely democrat or republican the interest of you got

he's a republican candidate for president one clear one poll and he will disclose how much money big oil through his campaign to get him to change his mind and the very very ugly iowa select farms one of the nation's largest hog producers was caught red handed performing ghastly abuses against odds by undercover video video shows pigs confined in crates barely larger than their own bodies pigs being thrown across the room being beaten and mutilated and pigs suffering from rampant infections and the employees that i was like for him seem to think that it was that all their actions were justified. for we were like. the. bouncy better cover video can see the scene on you tube right now although it is very graphic so graphic in fact that we would. couldn't show you any of it on the air unfortunately this is what the drive for profits in corporate agriculture gets us some of the most inhumane treatment of animals you've ever seen and that's very clearly. everybody camping sat at night looking up at the stars here in the symphony of the natural sounds echoing around the trees and having that s

don't give the tax money tax breaks to big oil. and for heaven's sakes, don't terminate medicare and force today's seniors and tomorrow's seniors to add the burden while keeping the benefit to big oil. this is about choices here. this is about choices. how do we use our tax money for the future energy industries? do we use our tax money to benefit big oil and force seniors in nursing homes to pay more? that's not out there 10 years from now. that's right now because the republican budget reduces medicaid. the biggest single part of medicare is to subsidize seniors in nursing homes. so seniors in nursing homes, their families would pay more while big oil is protected. mr. cicilline: if the gentleman would yield back. i thank you for raising that point. this is a very important question we have to decide in this congress. what are our priorities? what investments are we going to make to rebuild our economy and get people back to work, but also keep our commitment and the promise we made to our seniors. this proposal made by the repub

wingers and talk radio are doing it but the politicians are doing it has it taken so much money from big oil for example and big coal let you know i mean i don't i don't want to speak to like politicians are doing and i haven't looked through all of their campaign contributions certainly some of them might be motivated by campaign donations that's why these companies make donations to influence people but i think among some politicians they're following the voters more than leading them and i think that you know talk radio hosts rush limbaugh is one that i mentioned in an article that i recently wrote on this subject but they've got two things going for them here it's a good issue for them one because they're able to lash out at the establishment. scientific establishment and you know in london and taken a stick to. scientists to people in universities it's just a cultural divide that you can't get around the other issues that they're antagonistic to some of the policy solutions that. global warming and that people who believe in global warming and climate change going to put into place cap

this chart here incorporates what you're talking about with big oil. we have $131 billion that are given away yearly to big oil and millionaires. handouts -- mr. garamendi: how much? mr. tonko: $131 billion. mr. garamendi:? a queer? mr. tonko: yes. contrasted with $161 billion cut from medicare. mr. tonko: you have to provide tax cuts for millionaires and billionaires and mindless handouts to oil companies sitting on historic record profits, this year alone, we are at about $36 million in profits. if we have done this mindlessly for a century's worth, why would we continue that and put at risk a program that will be celebrating its 45th anniversary in a few days? why would we do that when the quality of life for the many, many, the masses of medicare eligibility, are putting -- being put at risk for the far fewer who will get the millionaire, billionaire tax cuts and oil handouts? mr. garamendi: it's about choices. it's about where do you stand? do you stand with the seniors and medicare and the benefits they need to survive? or do you stand with the b

. >> they cannot handle the truth when it comes to big oil and sending jobs overseas and the like. [ male announcer ] thanks to advanced natural gas turbine technology from ge, the power that will help make our nation more energy independent is right here in america. [ crickets chirping ] ♪ [ cheers and applause ] advanced gas turbine technology from ge. ♪ morning. >>> joining me today from the u.s. congress, democratic leader, nancy pelosi. madam leader, thank you for joining us. >> thank you. >> you were disappointed in the president's decision feeling that more troops should be drawn out of there faster, and you promised to continue pressuring the president. >> it was not really pressuring the president, it was taking sure the afghanis were doing what they were supposed to do in the bargain so the president's timetable can be honored and perhaps facilitated. what i had said was that, really, it's time. we have been there 9 1/2, almost 10 years. for the first 7 1/2 years, the bush administration did nothing. they had no plan. president obama has a plan. he has announced the good ne

and out of the bedroom for everyone to go get your freak on we also know that liberals hate oil big oil's always a favorite target of democrats why not just blame actually almost every single problem in the world of big oil plus oil's need to drive s.u.v.s in my liberal friends and i are just so not into owning cars is that for the environment we do have bicycles have you seen a bike share program is a major liberal cities they're very popular and they're very trendy now another items that liberals supposedly have a problem with is money money corrupts people causes major problems and that's why we need a government safety net so if we hate money then we must love taxes taxing the rich or the corporations i'll take it all and we will squeal with delight as many of you are aware liberals are also not really big fans of national security we are. on our civil liberties trampled on all the name of that security and we don't think of fighting endless wars around the world is a good idea so for that reason well we're always called terrorist lovers how many times we were the g.o.p. called democr

anywhere else get water cooler debates across america or debates in congress and the bad guys the big oil polluters with their phony science chair shots are going to wind natch after match after match until the entire arena is underwater the threat of mass extinction in our oceans is not entertainment the threat of american cities like new york los angeles miami drowning under rising sea levels is not entertainment and the threat of billions of people around the world being displaced is not entertainment it's real life it's what we're all facing right now and we need a legitimate referee a news media that knows how to do its job and can't be bought off by big will corporate interests to make sure that americans are informed about the very real threats of climate change and that our political leaders are held accountable al gore is so right on this and told it so clearly in his rolling stone op ed it's time to disqualify pseudo science and give the world title belt of legitimacy to actual climate scientists and start listening to what they have to say. as the big picture for tonight for mo

studying the issue and on the other side pseudo scientists and pundits who are just saying with the big oil corporate overlords pay them to say as al gore writes the referee appears not to notice that the polluters and ideologues are trampling all over the rules but democratic this course they are financing pseudo scientists is job is to manufacture doubt about what is true and what is false by an elected officials also bribes but the politicians themselves have made legal and can now be made in secret spending hundreds of millions of dollars each year on misleading advertisements in the mass media hiring for anti climate lobbyists for every member of the us senate and house of representatives in other words climate change deniers are cheating hitting the legitimate scientific community in the head with the metal chairs and all the while our news media is looking the other way when the real story should be this blatant subversion of science in america but when it comes to fox news the media isn't just distracted while climate scientists get kneecapped with fake science they're handing the m

of the things that leader cantor can't handle the truth when it comes to these tax subsidies for big oilfor corporations sending jobs overseas or giving tax breaks to the wealthiest people in the country, and asking seniors to pay more for less to be on as they apolish medicare. >> in the end they refer to tax increases as subsidies, anything that changes the tax base or the tax rate for corporations or for individuals. but let me ask you -- >> but, still, make sure we understand, closing special interests tax subsidies is what they have walked away from. >> so you said that there will be no deal unless house democrats are in on it, so as far as you are concerned, just because the president of the united states and speaker boehner come to some agreement, should they, you have to be sitting at the table as well? >> i have no objection as a former speaker myself to the president and the speaker trying to reach some level of agreement, some framework for how we go forward. that arrangement works if the speaker has 218 votes. if they expect democrats to vote for the agreement, then democrats

create jobs and poor countries something just doesn't sound quite right about that considering it big oil's track record around the world christine has all the details and i will ask if mainstream music has become completely devoid of politics or is that just a politics of acceptance and conformity rather than resistance we're going to speak to british rapper a call it will get invited to all that and we'll serve up our friday edition of happy hour but for now let's move on to our top story. now if you haven't heard yet the u.s. economy is in the toilet now like it's been doing so fabulously well since if you're responsible bankers made the whole thing crash in two thousand and eight but in terms of g.d.p. in terms of employment we were seeing some growth in the last month also load wait out jobs numbers were released today for the month of may and employers only hired fifty four thousand new workers that's the fewest in eight months and if you want to know how few that is compared to the two hundred twenty thousand new jobs on average we were being gained in the last three months or discou

always popular to talk about attacking big oil. of course, millions of americans and retired americans own stock in oil companies, and raising taxes would have the effect of both reducing what they get in their pensions and so on as well as undoubtedly resulting in higher gasoline prices because most of these kinds of taxes are passed right on through to the consumer. so they want to raise taxes on u.s.-based oil and gas companies. not foreign-owned companies. u.s.-based oil and gas companies. obviously, this tax could result in higher gas prices, which contradicts the reason for releasing oil from the strategic petroleum reserve. why do that if it's going to get canceled out by imposing a new tax? it could obviously hurt job creation because this industry supports over 9.2 million american jobs. and it doesn't just target oil companies because they get some kind of special benefit. what these provisions do is eliminate a tax provision applicable to all businesses. any manufacturing business, for example, has the benefit of these pa

2030, and that gives $131 billion in tax cuts for millionaires, billionaires, big corporations and big oilur colleagues to get serious about creating jobs to grow our economy out of this recession and to abandon their attempts to ram through a clearly ideological agenda against medicare, indeed that ends medicare and helps the nation's very wealthiest at the expense of seniors and the middle class. let me talk just for a minute about where we are in the tax code with our wealthiest versus seniors and the middle class. clearly we agree that we have to bring our finances into balance. clearly we have to avoid a debt limit failure that causes a default by our country for the first time in its history. eliminating unnecessary spending should be part of the federal balancing equation. indeed, through multiple appropriations bills this year, we've pared back billions of dollars in federal spending, and we will do more. but bipartisan consensus seems to end here when we move to the revenue side of the federal budget. just last week republicans filibustered a measure that would have ended $21 bill

we cannot balance the nation's budget on the backs of everyday americans just so that big oil can make big profits. stop these cruel cuts to women, children, and infants. thank you. the chair: who seeks recognition? for what purpose does the gentlelady from ohio rise? >> i move to strike the last word. the chair: the gentlelady is recognized for five minutes. ms. fudge: you know a mother's greatest fear is not being able to provide food and security for her children. not being able to provide nourishment for her kids to free throw and learn, she worries about where she'll find their next meal. each morning, she is greeted by growling stomachs and an all-too-familiar sense of anxiety. this mother is desperate to provide food for her hungry children and depends on our local food banks. but when she arrives at the food banks she finds that the shelves are empty. that is a time in which her anxiety turns to fear and desperation. she might -- some of you might think that i'm exaggerating but if you come to my district and visit the city of cleveland and other parts of my district, you can m

numbers drew criticism from some consumer writers, they say people are pay more at the pump, while the big oilbreaks. >> the question people are asking is should they get tax breaks when they post record profits. >> but the oil and gas companies say it transfers into investments for retirees. a study commissioned by an oil trade group looked at the two largest pension plans for state workers and teachers, and found that the oil and gas profits brought in the best returns. >> anybody with an ira accounts, mutual, pension funds, 98% of the stock is owned by these folks. >> in california, oil and gas companies generated billions between 2006 and nine, amounting to a 41% return by investment. but a watch dog group says that pension plans wouldn't suffer if congress decides to eliminate the plans for the subsidies. >>> and the head winds, dark rooms, hallways, all once a home here, tonight, the final tour of battery 129 129. >>> and we take you back live to sasoon city, with today's officer-involved shooting. what the victim said shortly before he was killed by police . >>> armed with a gun, a man

talking about taxes for the middle class here, we're talking about taxes for big corporations like big oilompanies that are making record profits. and the richest americans. senate majority leader, harry reid, also in a meeting with the president yesterday. that one lasting about 30 minutes. he focused on jobs, said without creating more jobs, we can't balance the budget. lynn? >> tracie potts in washington, thank you. now here's a look at other stories making news early today in america. >>> a massive fire in florida near a tourist hotel and ended vacation plans for dozens. the inferno destroyed the hotel sunday night located near popular amusement parks. flames quickly ripped through the massive complex, reducing it to a charred shell. over 100 firefighters battled the fire until dawn before putting it out. an investigation is expected to begin today. >>> a pilot was forced to turn a crowded florida beach into a landing strip yesterday. the pilot was returning from the bahamas when engine failure forced him to set the aircraft down quickly. the pilot flew over beach goers to make a succe

. >> leader cantor can't handle the truth when it comes to ending tax subsidies for big oil, corporations that send jobs overseas and the like. ♪ ♪ ♪ [ male announcer ] thanks to advanced natural gas turbine technology from ge, the power that will help make our nation more energy independent is right here in america. [ crickets chirping ] ♪ [ cheers and applause ] advanced gas turbine technology from ge. ♪ and having a partner like northern trust -- one of the nation's largest wealth managers -- makes all the difference. our goals-based investment strategies are tailored to your needs and overseen by experts who seek to maximize opportunities while minimizing risk. after all, you don't climb a mountain just to sit at the top. you lookround for other mountains to climb. ♪ expertise matters. find it at northern trust. >>> joining me today from the u.s. congress, democratic leader, nancy pelosi. madam leader, thank you for joining us. >> my pleasure. >> good to see you. i want to ask you first about afghanistan. you were disappointed in the president's decision feeling that more troops shoul

as i was saying, republicans argue that rather than blaming big oil for record profits, congress shouldcused on increasing domestic energy production and -- are you telling me no one knew? no one knew it was his kid? it was probably born with a 40-inch chest. and forget the caesarean, he probably shot his way out, hasta la vista, placenta. i need help. no, i need help. i need help, help. [grunting] get yourself together. focus, focus, focus, focus. you're a professional. [cheers and applause] okay. all right. i'm good to go. i'm good to go. okay. and republicans are not taking this lying down, folks. they introduced their own bill fm 953, which reads as follows, "section one, short title: this act may be cited as the "off shore production and safety act of 2011... in general, notwithstanding any other provision of this act, in the case of each exploration plan submitted after the date of enactment of this act, [bleeped]. okay. let's dish. all right. this whole thing makes john edwards look like father of the year. i mean, i mean, when arnold was running for governor, he was out there sh

the film makes big oil a villain. pixar says it has no agenda other than to create a good plot.yom cing to coming to the sir screen. kind of. we'll tell you after the break. >>> okay, you can go a little deeper. swimmers at the beach can now go back in the water after the great white shark sighting. unless there's another sighting, it will reopen today. there was a great white spotted on sunday. life guards cleared the water and posted warning signs as a precaution. it's an area scientists call the red triangle because of the large number of great white sharks spotted in that area. >> more "cars 2" news to leave you with. the movie features over 100 car characters. he was modelled after a car owned by "the tonight show" jay leno. they brought the car to the studios for the car show. the private show is considered to be one of the more unusual among the car sets. >> he's got it all, doesn't he? >> he does. >> party of one right here. >> good to be jay leno. "nightly news" is up next. we are back at 6:00.

cutting wasteful subsidies to big oil should be on the fable we're going to reduce the deficit.esterday my friend, the senior senator from tennessee, said he would consider ending taxpayer subsidies for oil companies making record profits. i congratulate my friend, the senior senator from tennessee. democrats agree, handouts like these to companies that make $36 billion in the first quarter of this year alone must be part of the discussion as we get to -- if we're going to get our fiscal house in order. as we decide where to cut, we'll need to make some tough choices. but not every choice has to be difficult. we're serious about reducing spending, ending tens of billions in taxpayer giveaway, big oil companies shouldn't be one of the difficult decisions we have to make. when the other side says the alternative is to end medicare, slash medicaid, put millions of seniors at risk, the choice is that much clearer. we cannot take with one hand those who can least afford it and give with the other hand those who can. before we end medicare as we know it, eliminate medicaid funding for

. >> yes, we want to remove tax subsidies for big oil, tax breaks for corporations sending jobs overseas. at this goes on. i don't know if that is a reason to walk away from the table. we are trying to find a balance approach. >> that is democrat nancy pelosi's view of the stalled talks. republicans eric cantor and jon kyl walked out this week, saying that tax cuts have to be off the table. what you make of this one, colby? >> this is the kabuki dance that will take place before august 7. republicans painted themselves into a corner by saying no tax increases. everybody knows that to take a real whack at this problem, we need a combination of cuts and increases. just as the democrats have to can see -- see butc -- concede the spending side, republicans have to concede that the tax that they pushed through, the wars financed by borrowing, all contributed. this will go on for the next couple of weeks. president obama will wait until the last minute to put something on the table and say, "take it or leave at." that is when the trauma really unfolds. -- drama really unfolds. >> anybody who i

it is their view that, you know, big oil should keep all their tax breaks and, to be honest with you, to suggest that the cost of gasoline is going to rise because instead of making $144 billion in profits the oil companies would make $142 billion in profits is pretty surrealistic in my mind. so, yes, everything, spending cuts, defense cuts, looking at entitlements under medicare and medicaid and revenues need to be part of the equation but for so long as whether we have this ideologically driven particularly in the house on the tea party, the focus, that no revenue whatsoever, including eliminating tax breaks for big oil, eliminating tax breaks for ethanol, eliminating other tax breaks that only a very few americans get to the cost of all americans, that that's somehow is a tax increase, well, then we're going to be headed to a very bad conclusion here because i have to be honest with you, if we do not meet the nation's debt obligation then the consequences are going to be indplebl the marketplace, people will lose significant amounts of the values of their retirement portfolios and

all you care about are the big banks, wall street, the big insurance companies and big oil. the special interests. that's who you're for and that's who you're always going to be for. i yield back, mr. speaker. the chair: the gentleman yields back the balance of his time. for what purpose does the gentlewoman from california rise? >> i rise to strike the last word. the chair: the gentlewoman is recognized for five minutes. >> thank you, mr. chairman. mr. chairman, this underlying bill muzzles the federal watchdog agency now responsible for regulating agriculture, energy and financial markets. mrs. davis: while letting speculators run loose. by cutting 44% from the if the's budget request for the -- for the president's budget request for the cftc that we've been talking about, we're saying it's ok, it's just ok to have fewer and less qualified regulators to protect us from market abuses. to protect our constituents from market abuses. haven't we learned any lessons? speculation on wall street has caused massive harm on main street. not sufficiently funding the cftc will hamper

the saudi border and we talked to people on the ground in the region they told us that galois and big oil fields that he rabia like bergen in kuwait like cancer al and mexico is in rapid decline so this is proof in my opinion that the saudi oil reserves are plummeting the country is madly scrambling to replace that energy capacity with these with these reactors and if anyone thinks that the supply of oil from this fracking operation going on in texas now you see them in texas they found out that well you know all they have to do is do a little fracking by totally destroying the crust of the earth which incidentally and fill me in on the details in another city they were fracking and they cause an earthquake and they shut it down right that was in blackpool england cooling when they were doing the fracking they go in there and they fracture of the crust of the earth using hydraulic fracking fluid made out of one thousand percent carcinogenic sludge which they then dump into the water which you then drink to help oh all the energy companies saudi arabia is obviously not going to produce be

but it also has the impact of really hitting the stock of two big oil companies, san ramon- based chevron and exxonmobil, each down about 3%. that's one of the other reasons why the dow has taken a -- taken a bit of a beating today, frank and grace. >> the stock market closes soon. >> anything can happen. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> a southwest pilot in trouble for broadcasting his dating problems. >> [ bleep ] over the top [ bleep ] homosexuals. >> the insensitive rant that accidentally got blasted outside the cockpit. >>> and attention, shoppers! proof that retail therapy actually makes you happy. >>> and aneww contest on cbssf.com. just by answering a question about the bay area, your eligible to win a weekly national prize. it's a $1,000 gift certificate. visit get answers on cbs can sf.com. >>> we'll be right back. ,, ♪ [ male announcer ] if you're ready to get more from your tv service than comcast can give, now's a great time to switch to at&t u-verse tv. make the switch! [ female announcer ] call to get at&t u-verse -- now with free hd -- for on

strings attached that's why over here our policies seem to be geared toward welfare in the form of big oil subsidies big wall street bailouts and big tax breaks for millionaires and billionaires whereas over there in happier nations their policies are geared toward helping the working class the majority the people who vote from government investments in education health care and labor the happy nations spend far more of their g.d.p. on social programs and we do here in the united states so even though we seem to get a lot of enjoyment out of our badly corrupted political system and what corporate shills like sarah pail and mitt romney are doing and which team will win our corporate own politics are actually making us on happy it's the one thing standing in the way of americans finally achieving the happiness they hope for what's the point of being exceptional as robert ronald reagan would describe america if that exceptionality doesn't make us happy. until we fix our elections kick the corporate millionaires and billionaires out and claim once and for all that our democracy belongs to we t

one bay area group protested big oil by biking in their birthday suits. for six years this group has protested the dependence on fossil fuel by riding their bikes through san francisco naked. okay. it's part of the world naked bike ride with protests all around the world. we had to shoot this video carefully. riders feel that this is the best way to get people to pay attention. certainly it's a good way to get television stations to pay attention because we have lots of fun with that. that was a close call. >> shoot it carefully, wre have to look at it carefully. >> yes. now to you, jim. >> are you ready? you look lonely. i thought i'd come out and join you. >> that was so sweet of you. >> that's the kind of guy i am. >>> tim lincecum continuing to struggle and the giants looked flat against the reds today. plus -- when you say plus, always something big is coming, eth injury bug hits the giants. the giants player who might be able to help them stay on top. sports is next. >>> good evening again, i'm jim kozimol. sometimes things don't go your way like to