tell us about the biofuel effort, and does it save you money?i think it's unlikely to save us money out of the gate. [laughter] alaska's done this once before, and we're doing it again now. basically just to demonstrate there will be a market for biofuels when those fuels are able to come to the market efficiently. we've done it once before, and i think the cost was $15 a gallon, so it wasn't efficient at all. liz: okay. >> i think as many people come into the market, the prices will come down, and it will be viable. and one of the things we're just trying to say to the world is when there is good product there at reasonable prices, there will be a market to buy those biofuels. liz: market for biofuels eventually. good that you're at least making an effort there. thank you so much, brad. brad i woulden saying we are sticking with boeing with. he's the president and ceo of alaska air group. again, stock up about 75% year-over-year with a pe of 9. looks pretty inexpensive at this point. closing bell ringing in 27 minutes. it's been named one of th

. >> where it's supporting biofuel. we believe to use it and we absolutely will if we can. there was also a vibration issue. we are exploring the possibility of putting the generator on spring isolate oris for the mechanical equipment and specifically for the exhaust the biofuel would be one way to dramatically reduce the particulate. >> so you think that's quite probable that you can do that instead of diesel which is probably already being used? >> yes. and maintaining the equipment itself with regular maintenance will operate more efficiently. >> and generally with the noise. if there is any from the operation in it's normal usage. >> there appears to be two main sources of noise. that was the mechanical equipment on the roof and we investigated that and inspected it and appeared to be mounted incorrectly and older equipment. we are going to be replacing that equipment and putting isolate ors on the new equipment on the roof to reduce that vibration. there was also a comment from one of the neighbors, a concern about the transformer. although we don't believe there is a

the renewable fuel standard call for an increasing amount of biofuel to be blended into u.s.been asking you, as governments face pressure to tackle growth over climate change, is green energy falling out of fashion. if u.s. oil production expand as forecast, more costly green energy will be side tracked. join the conversation, e-mail us worldwide@cnbc.com, tweet @cnbcwex or direct to me, @rosswestgate. p.j. also e-mailed in to say, green energy made sense, just not financial sense. >>> still to come, goldman sachs gets set to report second quarter earnings around 90 minutes. we'll preview the investment bank's numbers when we come back. >>> just joining us this morning, european equities mixed. we have come up off the session lows, ftse up 10 points. xetra dax down ten points. xetra dax had slightly weaker investor confidence as evidence by the zew survey. cac quarante down half of 1%. u.s. futures, indicated pretty flat for the open and they still are. the dow is currently 11 points above fair value. s&p is just about .75, follows the best eight-day win streak since 2004. >>

they are running into criticism on capitol hill for people -- from people don't like biofuels but theavy sees real advantage in being able to fuel its aircraft and destroyers and cruisers in parts of the world war i might be able to make fuel on the ship itself out of biomass of different kinds. i don't think there is a great deal of interest on the navy's part in the strategic petroleum reserve and it tends to get jockeyed by both political parties as an effort to keep the price of gasoline down in the summer driving months if it looks like it might go up and create on popularity. i think it has moved reasonably far away from its original purpose and probably is not as strategically important as it once was. left.ve got a few minutes i think we will end on one from facebook -- from kevin. what can a young person do to prepare themselves to be the most competitive applicants in the fields of foreign policy like the cia and state department? >> if you have an aptitude for to start withges that. the two that are probably a strategic to the most important but not the only ones -- i would

, are you encouraging station owners to install biofuels blender pumps? >> of course we without, but we don't own any space. they are all owned by independents. i mean, not sure the percentage that our small individual or small company, but they are not the big oil companies that own the gas stations. they're not. >> what would you say to encourage then -- in order for us to get the infrastructure for real competition, to give this a chance to really show whether or not it works and what the public thinks and so on, i mean, how would you suggest that we move forward on infrastructure to make sure that we can have the pumps >> >> i'm not sure i understand exactly the goal, but if you let me, we already have e10 in 95% of the gasoline sold in the united states. 10% ethanol. we encourage that. we support it. we do it. it's our customers, though, for that 5% that don't do it, they don't feel like they're customers, the ultimate consumer wants them. we support the 85. we'll gladly blend for people e85. we are not supportive of e15 for all the reasons that have

, are you encouraging station owners to install biofuel blender pu mps?e are.urse, but we do not own any stations. they are independently owned. i am not sure the percentage that are small individual or small company, but they are not the big oil companies that own the gas stations. they are not. >> what would you say to encourage that? in order for us to give the infrastructure for real competition to give us a chance to show how it works and what the public thinks, i mean, how would you suggest that we move forward on infrastructure to make sure that we can have the pumps? >> i'm not sure i understand exactly your goal, but if you let me, we already have e10 in about 95% of all the gasoline sold in the united states, so 10% ethanol. we are a big ethanol producer. we encourage that. we support it. and we do it. 5%is our customers for that that do not do it. they do not feel like the ultimate consumer wants it. we support, and we will get 1 -- gladly blend for people e85. 15 are not supportive for e for all the reasons that have been stated. car warrantie

it goes to the biofuels and it causes food prices up.hat is most destructive. >> bill, what do you think? >> ethynol deletes run off and jumps up the price of chicken and oh, wait a minute, enriches iowa wacorn farmers that are worth $10 million. >> and stove, that is a gre point. it increases price of gas and od. >> absolutely. and bill just hit on it. >> iowa has the firstaucus and why candidates is in favor of ethynol. i wasn't which is why i am here. >> what do you think? there are some democrats looking and saying maybe we should get on the bandwago >>ust like the republicans and senators from iowa that have defended ethynol for years. it is political. wouldn't deny it for a second. but there is a lot of things oil companies could do to bring down the price if they wanted to. >> temperature outside is hot, hot, hot. and our informers have stocks that are hotter. names rising with the mercury ming up next. evy parent wants the safest d healthiest products for their family. that's why i created the honest company. i was just a concern

rebirth of theof land in biofuel and biodiesel. that's what he is -- he's done. he's become like a johnny apple the word around north carolina for biofuels so hat struck me as a big enough story that it could keep going. how old is he today? where does he live or how is he doing. turning 50 and i know how that feels. on u.s. 220 where all of the truck stops used to be. he's had unbelievable setback, personal bankruptcy, business bankruptcy. really dark times when it seemed like his biodiesel projects is fail. to the partnership dissolved. e keeps coming back in this way.ient never quit school systems around north carolina county by use waste restaurant of that he collects in all the fast food joints and barbecue projects to make biodiesel for the school buses to save money and it's good for the environment and it's a win-win-win as he likes to say. that's what he's doing. not quit.but he has there's an inspirational story. >> how did you find tammy thomas is she? >> she's a black woman in youngstown, ohio. lived her whole life in youngstown. the ife has coincided

could this be the new source for biofuel? >> as you can see, you're surrounded by hazelnuts. are the ones that we've actually harvested out on the field. >> developing a hybrid hazelnut as a crop of the future. >>> and

he is a johnny appleseed of biofuels. big enough me as a story that he could go into a book.he just turned 50. i know how that feels. he still lives in stokes dale, north carolina. 220..s.- he has had unbelievable setbacks. bankruptcy. it seemed like his biodiesel project is going to fail, but he nevercoming back in this quitting way. he is trying to get school use waste restaurant oil that he collects from fast food joints and barbecue restaurants to make biodiesel for school buses will stop -- buses. it is a win-win-win, he likes to say. >> how did you find tammy thomas? a black woman in youngstown, ohio. her life coincides the collapse of youngstown oh stop it was a big steelmaking city. in five years, the entire steel-making industry left youngstown and took 50,000 jobs from a small community. she grew up the daughter of a heroin addict. moreared for her mother than her mother was able to care for her. she told me a story of trying to stay awake while her mother would smoke heroin in bed. -- smoke cigarettes in bed. cigarettesake the and put them out. grandmother cleaned

it is not a more explosive than biofuels. melissa: is this a vote for the keystone l.a xl pipeline?ically not a lot of people nearby, at the same time people say a pipeline is a target for terror. give us your opinion. >> do not think it is a very good target because it is underground. maybe some pumping stations, valves and so on, you would have to clean it up but as far as terrorist targets i think an underground oil pipeline is not a very probable one. melissa: how difficult is it to transport oil by rail? 99.997% safety record. they are not exaggerating those. we has a number of accidents increase in the past three months, five derailments for the railway and their safety record. they have a recent record of problems, what is your bottom line, how safe is it? >> there are millions of rail cars moving yearly over the nation railroads. the only ones you hear about is when you have a tragedy like this. talking about airplanes when you have millions takeoffs and landings coming only hear about the one that really goes wrong. the same ting with the rail industry. melissa: thank you f

most important thing when you are talking about any kind of liquid but oh fuel is a feed stock, biofuel bill: i flunked chemistry. [ laughter ] >> bill: i'm going to look into the solar panel. last time i did was cost was so prohibitive. >> look at a company that leases the solar panels. zblbl i can't fit into the honda thing that has the plug. i'm not real good with machines. what do i do? >> find the most efficient car for the best mileage. >> bill: i have a pretty good one? >> its fuel injected as opposed to a post '80s car. once again you can use alcohol fuel. it's not the diesel you can use alcohol fuel. >> bill: where do i get it. mohammad the guy that runs the gas station, he didn't have a alcohol. >> you live in a home, so you have a room for a trash can and you have room for fueling station? >> i can make my own fueling station. >> no, because it's not toxic. it's non-toxic. >> i would have to figure this all out. >> and non-flammable. >> bill: you are going to have to come my house and help me. >> all right. you know what, if you share that information with your viewers i woul

melissa: those in the biofuel industry attack a certain study a lot of people out there are using an point to that is differenfrom the department of energy study. it is by the crc. it talks about how dangerous e10 or e15 specifically are to cars. they say the proper control groups were not used. but you and other groups continue to quote this study saying it damages cars. how doou respond too that? >> one of t the great on ronnie, melissa, the department of energy and epa were original founders of framework and protocolwe used in tt study. what is interesting about it part of the doe assigned to work with us actually wrote part of that sdy. if some of our critics are saying it is not an adequate study or doesn't reflect clearly what the problem is, it is doe criticizing doe. the bottom line the study shows you put cars ad risk, the both fuel systems and durability of thighs engines iffyou use fue that have not been adequately tested. one other input here that's very important. the canimportant arrow sources board, california has never been viewed as a non-progressive state, they have

explosions rock a local biofuel business sending flames shooting into the air.ers, as you can see, on the scene right now, trying to get out in front of these flames. we'll have the latest details on this effort, next. my asthma's under control. i get out a lot... except when it's too cold. like the last three weekends. asthma doesn't affect my job... you missed the meeting again last week! it doesn't affect my family. your coughing woke me up again. i wish you'd take me to the park. i don't use my rescue inhaler a lot... depends on what you mean by a lot. coping with asthma isn't controlling it. test your level of control at asthma.com, then talk to your doctor. there may be more you could do for your asthma. ♪ honey, we need to talk. we do? i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know it only covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp me

. >> host: also is nuclear how are you can see that including biofuels with the natural gas and removals what are you watching in terms every nobles for the future? >> that is with the power generation and a lot of research going on that you can move them into transportation and beyond but post fukushima and the low natural gas prices even though we have the largest in the world, that still has a lot of potential to overcome i think it is much better now than it was 20 years ago but there were 240 million vehicles in this country so you have to turn over the fleet to see the fuel efficiency. >> to watch a fastest-growing energy in the u.s. with the renewable content with strong growth than natural gas. on the basis each of those going about two 1/2% per year. that is a good clip. nuclear power will grow very strongly in places like china and russia and even in north america. or the u.s.. the eia forecast we will have a few more nuclear power plants in the year 2014 than we have today and more power coming from existing facilities as well so the combination of the fuel plants plus a bette

if they're reducing the training and maintenance of operating forces, why are they propping an biofuel industry? they are spending 12 times more to buy this renewable energy, wasting hundreds of millions of taxpayer dollars and this amendment just says that has to stop. with that, i reserve. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from indiana rise? mr. visclosky: claim time in opposition to the gentleman's amendment. the chair: the gentleman is recognized. mr. visclosky: i would begin by pointing out that the department of defense is the single largest consumer of energy in the united states of america. and i certainly do believe that we need to move from a carbon-based economy, particularly given some of the countries in the world where we procure carbon products such as petroleum. many people talk about it as an economic problem, and it is. many people characterize it as an environmental problem, and it is. we are talking about the national defense today, and i certainly agree with former senator richard lugar from the alwaysf i

we have nuclear, biofuel -- not nuclear, i'm sorry, hydro, and biofuel. we are all in. we're trying to use every resource we have, the best that we can. and all we're asking for is a partnership and it's so hard to find and the people can't understand it. there's an old saying back home you can't live with me and you can't live without me but i'll guarantee you'll live a lot better with me and this you will without me. this country can't live us today and can't live without us but they've lived pretty durn good with us than against it. our little states are doing the heavy lifting, sir. our little states have done the heavy lifting. we're providing the energy this country needs. we're providing the economic opportunities to compete globally. if they continue to overregulate to the point they strangle us, they're strangling the economics of this country. and i'm just praying to the good lord they'll listen to us, sir. mr. hoeven: i would say to my distinguished colleague i've been to west virginia, it is an absolutely beautiful state. i mean it is breathtaking and hills

now is the time to double down on renewable energy and biofuels and electric vehicles and shift money into research that will keep our cars on the road for good. let me tell you, cheaper costs of natural gas is a huge boost to our businesses here in america. so we should develop it even more. we've got to do it in a way that protects our air and our water for our children and future generations, but we can do that. we've got the technology to do it. number four, we've got to export more. we want to send american goods all around the world. you know, a year ago i signed a new trade agreement with korea because they were selling a lot of hyundais here, but we weren't selling a lot of, you know, gm cars over there. since we signed that deal, our big three automakers are selling 18% more cars in korea than they were. so now we got to help more of our businesses do the same thing. i'm asking congress for the authority to negotiate the best trade deals possible for our workers and combine it with robust training and assistance measures to make sure our workers have the support and the skill

they all bring to market liquid fuels such as gasoline, diesel, heating oil, biofuel, jet fuel and keroseneour member companies are gauged in the transport, storage and sail of refined products on both the wholesale and retail level. they supply gasoline to convenience stores, diesel to truck stops, lubricants to industry and heating oil to millions of customers. not only are these companies primary suppliers of fuel they also own and operate over 80,000 retail facilities. they are also specialists in serving farmers, railroads marinas and airports with fuels they need. petroleum marketing companies do not benefit from high gasoline or diesel prices because they operate in such a transparently competitive environment, higher wholesale prices must be absorbed by retailers until street prices catch up. in order to remain competitive, retailers usually offer the lowest price for gasoline to generate volume and customer traffic in the store. when prices are unusually high, customers often reduce their store purchases and some retailers struggle with credit line limits. most vma customers are ra

executives blame the federal mandate that forces them to produce eco-friendly biofuels as well as rising demand in china. >>> and after a tense partisan showdown, a deal has been struck in the senate to leave old filibuster rules in place, clearing the way now for several of president obama's cabinet nominees. the president's choice to head the consumer financial protection bureau has now been approved following a two-year wait. >>> and a very emotional night here in new york city. at major league's all-star game. the american league snapping a three-year losing streak, shutting out the national league, 3-0. so, winning home field advantage in the world series. but the real highlight, especially for new yorkers, was this. when the best closer to ever play this game, mariano rivera, in his final all-star appearance, entered one, two, three. they went up and down. he was named the most valuable player. who could argue it? saluted with a standing ovation, a very rousing sendoff. the 43-year-young yankees legend, retiring at the end of the season. and i can tell you, having had a chance to m

biofuels, it gives natural gas tgives a battery -- everybody a chance.ut the two countries that have bought the pickens plan are russia and china. they are both moving quickly to natural gas for transportation. fuel. that frees up oil from russia to be exported, old and use their natural gas in place of dec nel russia. china is importing oil. so they is not the case. burr they are moving because natural gas is 30% cleaner than diesel. they are moving to natural gas as transportation fuel there. we are going to do it in the united states. we now have the stations that are in place, across the interstate to -- to move to it quickly, get a little bit support and encouragement from washington. it would happen much faster. >> shannon: let me ask you because this is not the first time the president has spoken out on climate change and energy issues. he has done it many, many times. have you seen specifics come from the discussions, the speeches, in the form of legislation or other things that would do what you are referring to here? get washington on board wit

more expensive than methanol, but for a number of years it has been claimed that other advanced biofuelsnts to come online will increase efficiency and reduce the cost of ethanol. i'm wondering right now would you emphasize more research and development into methanol production from natural gas over other advanced biofuels or do you think they should both be pursued concurrently? >> well, in 1999 back in the mesozoic era, senator richard lugar and i wrote an article for foreign affairs together called the new petroleum, which was about moving to cellulosic ethanol. and i was fairly enthusiasenthusias tic of that idea for some time. what happened was the enzymes to break down the cellulose and so forth have not really come along as fast as most people, including me, hope. and another thing is that in order to get the cellulosic biomass like, say, from a plant, a lumber mill or something, the people who were jumping on the bandwagon for cellulosic ethanol thought that since those companies pay people to take away their waste they were going to get that waste for free. will, the companies w

something to be avoided to a beneficial resource that can be used to increase chemical feed stock, biofuels, and support self-sufficiency. allocate resources, research to support the sustainable and environmental safe use of fossil fuels, energy in water, efficiency advancements, and formulate a subtle leadership team to plan and advance energy and water efficiency improvements and environmental impact reductions in the coal sector. in summary, we take a portfolio approach to provide steanble energy solutions, our thinking approach delivers cost efficiencies and environmental benefits with respect to utilization of coal. the many boom and bust cycles that we have experienced in the energy sector really are a function of the market place, but the way to minimize the downside of the fact of life is through the aggressive, innovative partnership through energy, research entityings, and federal and state governments. this one shows energy technology portfolio delivers benefits to the u.s. consumers and protect the environment. i would note, for example. the state of wyoming is implementing a lo

. >>> another series of fiery explosions, this time at a biofuels plant in kansas.thick black smoke were seen shooting up into the air this morning. fire crews say corn oil was burning inside. a dozen people were at the plant when the fire started. but officials say they all got out safely. >>> we're getting new details of a frightening scene in kansas city, missouri. an suv slammed into a cadillac sending it crashing through the front wall of a day care center with about 40 children inside. three children were injured including two were trapped under the car. an adult was also hurt. but police say none of the injuries are life threatening. they say the driver of the suv is elderly. the driver of the cadillac ran away from the scene. >>> a spanish court says the driver of the high-speed train that derailed last week was on the phone with railway staff at the time of the crash. we're told that information comes from a train's data recorder. the court also announced that the train was going 95 miles an hour when it careened around a curve and crashed. 79 people were k

through the office of programs, we have become world leaders in biofuels research. this research is laying the foundation for a revolution in biofuel production that will help to lessen our dependence on foreign oil. study after study has shown that there are few investments that government can make that provides as high a return on investment as scientific research and development. the cuts proposed by republicans in this underlying bill will have a wide ranging impact, both to the local economy in illinois and to our national economy. and with wages as a percentage of our economy at a record low, it is not time to retreat and to stop investing in american innovation. we need to maintain a competitive advantage now more than ever. mr. speaker, i rise today because we must continue to invest in american innovation and to fully fund the research and development conducted through the d.o.e. office of science. thank you, i yield back. the chair: the gentleman yields back the balance of his time. for what purpose does the gentleman from new jersey rise? mr. frelinghuyse

way down, probably because of they -- them a wanted cut a deal with biofuel makers. a lot of volatility. lori: i love the economic discussion. the above point you get that? but can't go there because i have to give you to update me on the price of gold. dollar movement influencing that . >> absolutely. we are seeing a big rally. everyone is ready to ride out. top down. we're coming back strong. a lot of talk about the physical market seems to be getting stronger every day. a big speculative short position. of course the durable-goods numbers today, very strong. it might mean better gold demand for work. lori: phil flynn, price futures group, always a pleasure. adam: major averages have hit record after record. could a correction be on its way? our next guest sees the signs and was the one you all about it. joining his right now, president of heritage capitol. good to have you here. we have been calling for a correction. i can think of the way back to last winter. november and december. we have not seen yet. why do you think now? why is this any different? >> separate

experimentation with biofuels and diesel fuels.ies but so far, the costs have been higher than the number of the alternatives on the way. the long-term projections, we see quite a bit of fuel in brazil and the west, -- and the and in coal, as you activity going on. our numbers say that by 2014, even with a bit of progress in this area, it will represent less than 4% of the world's supply. >> sworn and as the u.s. energy administrator who over a year ago. thew report from international energy outlook that says 2013 is taking us to decades to come. that the surge in natural gas production is a great boon to get natural gas of some form into the transportation sector. because of the price disparity, people are looking at natural gas, liquids, a number of different ways to do this with fuel cells. because oil is more carbon intensive, you get more miles per gallon. as you dilute the pool, it is -- it might be cheaper, but you get your mpg. thist's take a look at map of shale oil and their potential impact on the world energy market. >>

prices which they say are taking a big bait out of -- bite their profits, and it all has to do with biofuelnesse is live in los angeles with the latest on this. good morning, what's this dispute about? >> reporter: for decades, patti ann, u.s. consumers enjoyed declining food prices. around 2005 when we started using corn not for food but for fuel, that changed. now according to the usda federal mandates for corn-based ethanol are dramatically increasing food prices. that has prompted the fast food industry to go to washington. they want lawmakers to eliminate this policy that mandates more ethanol be blended into our gasoline each year. it's supposed to make us energy independent, but the industry says moving food from your plate to your gas tank is hurting your pocketbook. >> the prices are up across the board because corn is in everything. corn feeds cattle, chicken, pigs, so everybody gets that price passed on. >> reporter: studies show a family of four food budget's gone up about $2,000 because of ethanol. patti ann? patti ann: so, william, what do the numbers show about corn productio

biofuels, projections out to 2040. orange,, we see coal, natural gas. red is nuclear. what do you see, frank for nafta -- frank verrastro, in terms of renewable energy in the future? guest: there is a lot of research going on to the extent that you can move it into transportation and beyond that. the nuclear issues have been interesting. i would argue that post built aa, we have not new nuclear plant in this country in a long time even though we have the largest fleet in the world. that still has a lot of potential but it has hurtles to overcome. i think the array of energy that is available is much better now than it was 20 years ago. going back to the car issue, you have 240 million vehicles in this country, so you have to turn over that fleet to see the fuel efficiency take hold. guest: one of the fastest growing energy in the u.s. over the next 30 years in the eia projections will be wind and solar, so the renewables content of energy. we also see strong growth in natural gas. the twobal basis, fastest-growing fuels will be renewables and nuclear. we have on a worl

all new light-duty vehicles to be alternate fuel vehicles which is hybrid, electric, natural gas or biofuel by december 21, 2015. y amendment echoes the presidential memorandum in the appropriations act of 2014 from being used to lease or purchase new light-duty vehicles except in accord with the president's memorandum. our transportation sector is the reason we send $600 billion to hostile nations to pay for oil. but america does president need to be dependent on foreign sources of oil for transportation fuel. alternatives technologies exist today that would allow any alternative fuel to be used in america's auto fleet. the american government operates the largest fleet, according to g.s.a. over 660,000 vehicles in the federal fleet with over 14,000 being used by the department of -- this department of veteran affairs. by supporting a diverse array of vehicle technologies, we will encourage development of domestic energy resources, biomass, natural gas, hydrogen, renewable electricity, ethan ol. saw in brazil, expanded their use of ethanol. and what an equivalent amount of ethanol would co

agri bank, isaac, national catholic rural life conference, first farm credit services, advanced biofuels, ag georgia, ag heritage, agriculture council of arkansas, agricultural energy coalition, ag carolina, ag country, ag start, ag texas, alabama dairy produtiesers, alabama farmers cooperative, american agricultural movement, american association of crop inshurners, american bankers association, american coalition for ethanol, american crystal sugar, american farmland trust. i may need more time. i'm on the a's. american fruit and vegetable processers, american hunting producers, american sugarbeet growers, american agriculture coalition, arizona farm bureau federation, arkansas farmers nion, it goes on and on and on . listen to the public, listen to your constituents. reject the extremism and i'm one of the 24 who put my money where my mouth is and voted for a bipartisan bill. this is wrong. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from oklahoma is recognized. mr. lucas: mr. speaker, i yield to the gentleman from michigan, mr. benishek, one

i think and i'm going to walk after this interview to talk about the biofuels standards, that's addingrefiner's costs. price of rims are up to a $, a rin is what a refiner has to produce to in effect comply with the air quality standards and a dollar an ethanol, with i is a 10% gasoline in the occupation, that's adding 10 cents to the price of gasoline. the fact that we're relying on railroads and trucks to move product from refinery markets to inflation markets rather than pipelines is adding another 35 to 40 cents. so if you do the math, it is not translated to $2 gas leevenlt we still have to refine it and move it. yes, refining margins will be under pressure. i still think we can keep a $15 or $15 crack in which most refiners. >> joe, people will think we are in a global recession if we got to $80 or $70 for oil. this is on the supply side, it has nothing to do with demand? >> it's the supply side. i think i would worry much lower is the pressure on the countries that have sunni rulers and shia majorities like azerbaijan, saudi arabia, egypt. the political unrest will probably incr

for a number of years, there have been claims that biofuels will increase efficiency and reduce the cost of ethanol. would you emphasize more research and development for methanol over natural gas? or do you feel they should both be pursued concurrently? >> in 1999, senator richard lugar and i wrote an article called the new petroleum, which was about moving to cellulosic ethanol. what happened is the enzymes to break down the cellulose have not come along as fast as most people hoped. another thing is in order to get biomass,lose did -- the people who were jumping on sincendwagon thought those companies pay people to take away their waste, they will get that waste for free. the companies were not down. once they saw the people who are going to make ethanol out of it, based at a for it. -- they started charging for it. withl has a big advantage its double growing season and its climate and the soil. amazon,where near the it is done by sound hollow -- sÃo paulo. it is going to be awful hard for methanol. catch it may be close, depending on how expensive gasoline is. it may be close in som

the environment, let's forget about the environment and let's forget about the sun, the wind and biofuels, just focus only on gas and coal. those have got to be part of it. but let's forget about things that have happened newlyy. we're in this together. abe happen lincoln said of the people, by the people, for the people. we're working for the people, we need to remember we're all in this together. mr. speaker, i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from arizona seek recognition? >> mr. speaker, i rise today to recognize a brave arizonan. robert davies from golden valley, arizona, truly met the definition of hero by coming to the aid of his elderly neighbor. mr. davies and his fellow neighbor responded to a neighbor whose home was on fire, saving the 92-year-old woman stuck inside. mr. davies risked his own safety by jumping through a broken window into the smoke and pulling the woman into position near the window where she could breathe. receiving help from an off-duty fireman who arrived on the scene, mr. davies was a