you seem to be a leader in biofuel. is that accurate? or of leased to be enthusiastic. >> guest: i was fascinated. so many of these things, biofuels like at the mall or the electric car you have to go back a century and find that we are picking up the story that is sort of ended in about 1910 or 1920 or there's a big move for ethanol in the great depression because farmers were so -- having such difficult times and then we had the gas in the 1970's. it is a picture in the book of ase u.s. senator pulling vodka into a tractor engine to demonstrate the potential of biofuels. i think that ethanol we're seeing a limit to the united states. it's about 6% on an energy basis of our motor fuel, and larger in terms of volume. but you sort of say what's out there on the horizon, potential game changers and one of them is what is called a second generation biofuel where you are making biofuel not from food stuff but agricultural waste and other things or algae and things like that and that was really kind of hot three or four or five years ago. it

and one of them is what's called second generation biofuels where you're making biofuels not from foodstuff, but from agricultural waste and other things, or algae and things like that. that was kind about three or four, five years ago. it doesn't get as much attention but those efforts continue. so you can say, one of them could come from the second generation biofuels. one of the things, you know -- >> host: [inaudible] >> guest: you know, you see biologists now as part of the energy business, and 10 years ago biology wasn't really part of the energy business. it's just part of what i call in the book the great bubble lives of innovation. >> host: the other thing i found interesting about ethanol is that, and correct me if i'm wrong, but he seems to be a success, right, it seems to be getting a foothold because of government policies. >> guest: absolutely. >> host: that it made it successful. i found that really interesting because there's a manipulation of the market going on to make ethanol a bigger share of what we fuel our cars with. that was excepted, were as today in washington, to

one of them is what is called second-generation biofuels where you are making biofuels not from foodstuffs but from agricultural waste and other things or algae and things like that. and that was really kind of hot three or four or five years ago but didn't get as much attention. those efforts continue and so you can say where mike mike breakthroughs come from? one may could come from the intensification from these second-generation biofuels and one of the things -- it is part of what i call in the book the great bubbling bubbling of innovation. >> host: the other thing i found interesting about ethanol is that and correct me if i'm wrong or if i'm misreading it as we talk about the book, but it seems to be a success, right? it seems to be getting a foothold because of government policies. that is made a successful and i found that really interesting because there is a manipulation of the market going on to make ethanol a bigger share of our, what we fuel our cars with that was accepted, whereas there seems today in washington to be a push to let's just have the market do what the market w

up to 70%. >> the reason food is so expensive it is biofuels. in the u.s., 70% of maize goes to field production. >> food has become a body of a commodity, particularly since the advent of biofuels. investors speculate on food prices and that pushes up prices. many are going hungry in sub- saharan africa. pilot conflict has -- violent conflict has exacerbated the as. >> it all leads to hunter. >> those who suffer the most are the poor and the infirm. a group say malnutrition remains the main cause of child mortality -- aid groups say the nutrition remains the main cause of job mortality. >> soccer groups today -- another five games for their places this evening. germany is already through. and made it in 10 wins out of 10 with victories over turkey, belgium. in group become a rush shut booked their place with a win over andorra, ireland and -- russia booked their place. in croatia be latvia to clinch the playoff spot. -- beat latvia. we have this breaking news. slovakia's parliament has voted against strengthening the euro zone bailout fund. tha

that is the intensification of the efforts from the second generation biofuels. use the biologists now as part of the energy business and 10 years ago that was not part of the energy business. this is what i call the great innovation and. >> what i found interesting about ethanol, correct me if i am wrong, but it seems to be a success and gets a foothold because of government policy that made it successful. that is interesting because there was a manipulation of the market going on to make ethanol a bigger share of what we feel our cars that was expected whereas today in washington, a plush of let's have the market do with what it wants to do, how is it is okay to tinker when it comes to ethanol be encouraged not too solar or wind? >> you are in the state of california, to use your phrase to say 33 percent of your electricity 2020 is four renewals so we do all lot in this country by mandates and by requirements such and such a percent has to buy the biofuels our renewable and if you just look at it is the mandates. most renewable said is wind because that is no l

and with regards to the technologies that embellish that supply chain, things like biofuels and alternative fuels. so we are are focusing a lot on finding aircraft to be able to fly on virtually any of those kinds of fuels that are produced primarily domestically from biofuels and from liquid and so forth. i think probably one of the most promising technologies is this thing called alcohol to jet. virtually any plant that has a cellulose base can be converted into a useable fuel that's a drop-in replacement for jp-8 and that's where we're headed with regards to capturing the big rock for the air force. >> tom. >> i think that's another exciting area for the navy as well. we work closely together with the navy and air force. we're working -- we're also working with usda and d.o.e. to accelerate the alternative fuels industry in this country, really aligning for that first- time kind of farmer to producer to consumer and driving toward a market where these fuels are not only available at scale, but also at a price point we can all absorb and use. so that's a big area for us. >> katherine. >>

that a number of restaurants contract with green leave biofuels.e used cooking oil into biodiesel. >> we take a waste product and put it back into the market as a renewable fuel. >> the men allegedly drove to the restaurants and pretended to be green leaf employees. that is one that got caught. they face serious charges but there are questions that remain primarily, where did the stolen cooking oil go? stephen tschida, abc 7 news. >> that is what i was wondering. that is it for abc 7 news at 5:00. at 6:00, cleaning up the mess left by mother nature. one neighborhood especially hard hit. and nearly a dozen in jail. captioned by the national captioning institute --www.ncicap.org-- >>> the big story at 6:00, the big cleanup underway after last night's severe weather. that the storms moved through quickly, but the damage was widespread across virginia. one storm that stopped traffic was caught on video near quantico. people hit by the

all this used oil is supposed to go to a company that turns it into biofuel.ieves were selling it on the black market to companies who make chicken feed. >> it's a waste by-product. but it's worth $3.50 a gallon. it really adds up when there's huge gallon drums behind these restaurants. >> police say there are more than 200 open investigations across or area. green light biofuel says the thefts have cost them $30,000 to $75,000. >>> criminal charges could be on the way for a number of vendors caught selling counterfeit products in the district. federal agents raided the d.c. farmers market off of new york avenue on friday afternoon. immigration and customs enforcement agents were seen carrying hundreds of boxes marked evidence out of the building. we're told the boxes contain counterfeit nike, louis vuitton, gu chee, product and ugg products along with fake nfl apparel and bootleg d.v.d.'s. >>> a missouri bishop is now the first in the u.s. to be criminally charged with sheltering an abusive clergyman. a catholic bishop flynn authorities say he and his diocese

it is for gasoline, diesel, biofuels, and that began on september 1, 2009, and it is in its third year. the city's been approximately $25 million a year on the term contract to last year, the city spent about $27 million a year. the increase was due to increase in fuel prices across all types. we anticipate this year's fuel usage will be on par with last year and have requested a small contingency in the event that fuel prices continued increase. we concur with the report and recommendations we are requesting approval for the court to increase the total contract amount to $75,580,000 to cover fuel spent during the option time. these expenditures have already been approved in the department budgets, and what we are requesting today is the purchasing authority for this contract. supervisor chu: thank you very much. these items have already been allocated to departments in the budget, correct? >> yes. supervisor chu: you mentioned that the increase in expenditures were primarily due to rising fuel prices and not necessarily more mileage it to you -- more mileage is being used by the city?

the first biofuel plane has taken flight, it was developed from elegy and oil from a tree -- algae and oil from a tree. it was developed as part of a u.s.-chinese research venture in a bid to boost green industries, cut costs, and reduce carbon emissions. still to come on this program, a special report. can africa provide the answer for the world goes to growing food problem -- world's growing food problem. britain and the other 15 countries that has queen elizabeth as the head of state are to change their laws of succession. the band of the monarchs and carrying a roman catholic will go -- the ban of a monarch marrying a roman catholic will go. about time, i say. >> in the 1200 year history of the british monarchy, they have had to give way to sons. if she had a younger brother, the throne would have been his and not hers. now on to nearly 60 years of successful rains, queen elizabeth is championing rights for women. she urged leaders to be bold in the reforms and follow the principle of equality. >> it encourages us to find ways to find girls and women to play their full part. >> thi

congress has shown less enthusiasm for supporting biofuels year than in years past. host: chuck abbot, thank you for being here with us this morning. >> we were planning a town hall meeting for mitt romney in new hampshire. because of technical problems, this will be aired later. >> for the first time americans will have access to productivity, and if there are natural disasters, throughout our satellite network. >> tonight, paul broun, jim kirkland, and fred schulte, denied it 8:00 p.m. eastern on "the communicators." >> last week, prosecuting national security reporters. from berkeley university, this is an hour and 10 minutes. "the new york times" has reporters who focus on this particular part of the government of the united states. jim and i crossed paths in 1998 when he joined "the new york times" and before that you were at the "los angeles times." what we will talk about tonight is a kind of reporting that is unique to the united states. there are very few countries in the world where you are allowed to report on the national security of a country and its nat

congress has shown a lot less enthusiasm for supporting biofuels this year than in years past. abbott, agricultural reporter with reuters. thanks for being with us. guest: thank you. host: this is part of our "your money" segment that we are doing every monday on "washington journal." we will be back at 7:00 tomorrow morning eastern time. have a great day. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> army secretary john mchugh addresses the association of the army general meeting today. he will talk about army budget cuts. his comments will be starting live it 10:30 eastern on c-span to. we will be live on c-span starting at 11:00 eastern as a former utah governor and republican presidential candidate jon huntsman for outlines his foreign-policy. if he will speak to the world affairs council in new hampshire at 11:00 eastern, part of a sixth as a campaign tour of the granite state. then we take you back to the campaign trail at 5:30 eastern for live coverage of former massachusetts governor and republican pr

. >> and they have good exposure in the tar sands year and biofuels. very well round, well diversified company with an extremely strong balance sheet. and about a 5% dividend yield. >> tom: nice there, rdsa. the a shares trading in the united states. drug science fantasy, you like energy which has been leading this market. health care a laggard. what to expect out of sanofee. >> they started to perform better in the last few weeks, we believe that is indicative of what will occur in 2012 and 2013. >> sanofee say stock that is selling at about an 8 multiple, about a 5% dividend yield. we expect earns to rebase in 2012, that will be the end of the off patent issue. and from there we expect high single digit earnings growth over the next two years and we expect a dividend to be raised through that period as well, getting good exposure in cancer, die boat ease drugs, the recent acquisition of genzyme is coming along nicely. again another nice product portfolio there. so this looks like an excellent total return stock to us. >> tom: fair enough. let's look

endlessly really do have policies that artificially drive the price of energy up so people will use less biofuels mandates, energy efficiency regulations that restrict consumer choice and ignore the trade offs they make when purchasing appliances or white balls or vehicles. all these policies alter the system of free enterprise and they all have an underlying goal of reducing carbon dioxide emissions of greenhouse gas emissions, and that's just scratching the surface. when you dig a little deeper and learn about the climate science and the special-interest politics that go on beyond these political shifts and policies that's when you're on is begin to pull - and your blood begins to boil and i don't think that there's many people that have done as much digging as our guest james delingpole a rider and logger who helped expose the gate scandal in the speech from author and shivers books including welcome to obama lane five senior future and it doesn't work and 365 ways to drive the liberals crazy so if you are looking for a way to drive a little crazy, james is your guy in his book is the one to r

system will change mostly to electricity it will be a dual fuel vehicle so it may use gasoline or biofuels in addition to electricity but i think that inevitably because of environmental concerns the world will shift toward electric vehicles we certainly have seen a lot more hybrids a lot fewer hummers being sold interesting interesting things to think about as we do have this fast five billion mark in our population thanks so much that i for them for energy and climate at the united nations foundation read action to make. and as the world population is on the rise so too is the demand for energy one of there was a form of nuclear energy with no possibility of a meltdown and is abundant worldwide all scientists to researching a source that could be a solution to a world energy crisis is hopefully m r t correspondent liz wahl takes a look at florian and why despite its touted benefits not everyone is so excited about it. president obama has vowed to transition america to alternative energy in america run slowly or boston fuels should not be the vision we have for children and our grandchild

the air force is set to certify all of its aircraft models to burn biofuels by 2013, did you years away. army wants 25% of its energy from renewable resources of by 2025 and the military is developing wind farms and solar farms do power u.s. bases. living social as a deal with a clear channel radio to provide daily deals on more than 500 radio stations in 90 cities. the local deejays will announce the deals as part of the deal. cali carlin reporting for abc 7 news. back to you. >> thank you. >>> i was thinking about the cockroaches. they're not as easy to find in the district as they once were. >> i don't care about getting to the front of a line that much. >>> >>> there's still good news. time to enter our facebook giveaway. you have a chance to win $700 worth of free groceries from's grocery delivery service. kendra the contest by going to our facebook page. we will announce the winner friday on abc 7 news at 5:00. we will be [ rock playing ] ♪ and the flowers and ththe trees ♪ ♪ all laugh when you walk by ♪ ♪ and the neighbors' kids run and hide ♪ deep inside you, there's a person wh

. >> reporter: biofuel companies convert it to clean burning biodiesel fuel. right now, it's worth $3.50 on the commodities market. it's 35 to $70,000 lost. >> we turn it into biodiesel. we are trying to take a waste product and put it back into the market as a renewable fuel. >> arlington county police are investigating six cases of the used oil vats. i'm told there are as many as 200 investigations taking place here in the d.c. area. in arlington county, darcy spencer, news 4. >> that's it for news 4 at 5:00. news 4 at 6:00 starts right now. >>> protesters clash with police in new york with the occupy movement shows no sign of letting up. flying debris, gridlock, how yesterday's tornado hit. >>> a woman accused of killing a co-worker. a key ruling about the critical piece of evidence in the case. good evening, i'm doreen gentzler. >> i'm wendy rieger. jim vance has the night off. the frantic search continues for the 11-year-old boy whose mother was murdered. she was beaten and stabbed to death. her husband is the prime suspect. new details emerge about his c

solar, wind, biofuel -- we have it all. i want to legalizit all. i also want to change the epa and get rid of the epa. we have 50 at the state level. i want to get rid of it so we can open up american energy production and be the leader in the world. [applause] >> if you could reverse one energy-related policy decision in the last three years, what would it be and what would you have done differently? >> there are so many, but the one that has really hurt the economy in a most devastating way was the moratorium the president obama put on after the oil spill that occurred. there was devastation that occurred because of the oil flow that occurred, but there was nothing that was worse than the moratorium that he put on. the gulf coast region -- [applause] the gulf coast region still continues to feel the effects from the moratorium. here is something else with energy. i have toward the anwar region, which is the most perfect place on the planet to drill for oil and we should be drilling in anwar. every lease back its purchased for drilling before anyt

i'm willing to see us require the use of biofuels in america. do they cost more? yeah. does the money stay here? do purdue graduates who produce them or represent out their acreage get the money as opposed to a dictator elsewhere? a lot of reasons to do that. this is an important question. i don't pretend to have anything like a final answer for you, but i'm willing to hear new ideas because i share your concern. >> we have a minute and i want to get a quick question from this gentleman. >> i'm a junior in political science. i would like to ask what your thoughts on the other republican candidates. but what are your thoughts of ron paul? is he the one of the most honest candidates? >> he is and he is a principle the person. and i think -- i happen to think he is wrong on a lot of things but you have to have respect and from a distance, i do. >> my last question to you is a political question, are there any circumstances in which you would accept the vice presidential nomination from the party? >> you are asking the wrong person. hypothetical and that is utterly improbab

all this used oil is supposed to go to a company that turns it into biofuel.olice say thieves are selling it on the black market to companies who make chicken feed. >> it's a waste by-product. but it's worth $3.50 a gallon. it adds up when there's huge gallon drums behind these restaurants. >> i've officially heard it all. police say there are more than 200 open investigations across our area. green light brie owe fuel says the thefts have cost them about $30,000 to $75,000. >>> vendors at the d.c. farmer es market face charges accused of selling counterfeit items. federal agents raided the market off of new york avenue friday afternoon. agents were seen carrying hundreds of boxes marked evidence out of the building. we're told the boxes contained counterfeit nike, and ugg products along with fake nfl apparel and bootleg d.v.d.'s. >>> from clergy to suspected criminal. a grand jury indicted a catholic bishop on child abuse charges. authorities say the bishop and his diocese waited five months to tell police about child pornography discovered on a priest's comp

at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. >> moving our economy for 160 years. bnsf: the engine that connects us. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the governor of new jersey, chris christie, will not join the race for the republican presidential nomination. his announcement today left republicans to focus on their existing field. the first-term governor had spent a couple of weeks reviewing his longstanding refusal to run for the president. but he said today in trent onhe came to the same conclusion. >> i've explored the options. i've littoned... listened to so many people and considered whether this was something that i needed to take on. but in the end what i've always fe

at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. bnsf. intel. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org

at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. the about taxes was topic "a" in the presidential campaign today. republican rick perry rolled out his plan for an across-the-board tax rate of 20%. as heavy machinery hummed in the background, the texas governor unveiled his flat tax proposal at a south carolina plastics plant. >> the best representation of my plan is... is this post card. this is the size of what we are talking about right here. tax payers will be able to fill this out and file taxes on that. ( applause ) >> woodruff: the perry plan breaks down this way: the 20% flat tax would be optional. americans at any income level

at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. intel. sponsors of tomorrow. >> and by bnsf railway. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: world markets deflated some today as jubilation over europe's debt deal subsided some. on wall street, trading was generally subdued. the dow jones industrial average gained 22 points to close at 12,231. the nasdaq fell a point to close at 2,737. but it was still the market's best month in a long time, and it came amid tentative indications of economic progress. the markets may not have moved much today, but throughout october, the closing bell brought good tidings more often than not. the dow rose nearly 12%, its best month

at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. intel. sponsors of tomorrow. and by bnsf railway. and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the middle east was the scene today of the largest prisoner trade in many years. israel let hundreds of palestinians out of its prisons in exchange for a lone israeli army sergeant. a pale, thin gilad shall it crossed from gaza into egypt this morning beginning a complex 1,000-for-1 prisoner exchange between israel and the palestinian movement military movement hamas. at roughly the same time more than 450 paals were freed. they were the first bloc of a stage release of prisoners the israelis have held for years, in some cases decades, fo