isolating and identifying bacteria that break down cellulose into glucose which can be used to produce biofuelbut these scientists are

we are going to do biofuels. we are not ever going to do enough biofuels to displace oil so here we are, we had 6-1/2 years of very high-priced oil under his administration, we have some biofuels the weekend get much past that 10% on biofuels the way we have approached it so we are nowhere over this period of time, we have only been benefited by the risks taken by the industry in states working with landowners to produce oil and natural gas in the u.s. at ever higher levels knows thanks to the administration, no thanks to the federal government and its agencies. this has all been done on a state basis with the cooperation of landowners and of course the creativity of the industry using new technologies that gets us the oil shale that has in there forever. stuart: i just have a few seconds left, i need a quick comment. from your conversation with the then senator obama they get the impression he is a true believer of global warming? that is where he is coming from? >> yes. he does not support fossil fuels anymore

are discovered here, they may be able to use this for their research and discover how to make new biofuel>> reporter: part of the research? testing the properties of the bacteria at different temperatures. >> there's always the possibility of not getting it the first try and if you don't get it, it's not a failure, it's a success because you learn something from it. >> reporter: while most of the summer is spent in the lab, they also learn how to apply for college, get professional development and work on personal statements. >> i think i want to go into biology, maybe research. and if i feel really ambitious i might go into medicine. >> reporter: monday through friday from 9 a.m. to 5 p.m., these students commit to learning about science and ensuring success in their future. >> these students are so smart. a lot of them 16 years old going into their senior year of high school. >>> i think today is their last day. they were so disappointed, they didn't want to leave. >> you have to enjoy a little bit of the summer. my gosh. talk about smarties, huh? >> they're great. and they have futures

the oil is converted into clean burning biofuel. it is headed to governor brown for his signature. >>> new science that one of iceland's biggest volcanos could erupt. it come after a series of earthquakes since saturday. the strongest quik the struck since 1996 struck today. you may remember in 2010 there was another powerful eruption on iceland and it shut down europe's air space for six days. it stranded 10 million travelers around the world. >> i remember when it happened. >>> let's bring in our chief meteorologist with our week this week. getting back to work and school. >> we've got the fog building back into san francisco. that's not too a-typical for an august evening. the winds have been out of the west. it has helped to carry in a lot of the cloud cover to other parts of the bay. we've got something else working for us. we get you outside the sky camera network. 61, cloudy through the south bay. six mile visibility and reduced visibility in colder temperatures as well. here's the thing. as we head throughout tomorrow mornin

the world actually produce calories and one-third uses calories for livestock and minor 10% for biofuels and other uses if you would get an acre in iowa a lot of that corn goes to feed livestock and ethanol and sugar. >> host: you can see three pictures of the united states. with the middle one it shows a lot of purple. that is being used for seed and fuel verses' food. >> guest: right. look at the world to see how landscapes are being used although we may have the most productive landscapes in the world the surprise is they're not necessarily being used to feed people directly. >> host: why do you do? if this is the situation right now, the ratio of food inverses speed and fuel what you do to feed more people? >> what you doing in this country is one question then are you hoping to improve productivity across the world? someone who'd graduated from land grant university it is a very important educational tool to improve the productivity and the knowledge of farmers around the country and that seems useful know if we try to help food productivity. actually we are best off exporting knowl

we have seen regulation trying to encourage the use of biofuels. but it's done great things, acid rain, the ozone hole, right? >> the epa was more focused on those areas where the federal government has a unique ability to deal with as, such as what they did with gasoline, it wouldn't be so many complaints about it. >> where do you fit in this debate? i assume you want clean air and i am certain that i do. is that something that we may need to address? and in watching tv, you think even that would be easy. we are told that we can change the world for the better by buying the right car. >> this is the only car you'll ever need. it might just change the world. this is the chevy volt. >> it can't change everything. but secondly if people actually know what a chevy volt costa made, it would probably be about $200,000. so without government cronyism and all kinds of subsidies, it wouldn't exist and even if you use it, you are probably using electricity run on coal anyway so you're not opening the environment very much. john: they are still and losing $4

epa has acknowledged that some of its recent regulations trying to encourage greater use of biofuelsincreased air pollution. >> it's a crony capitalism -- >> they've done great things. acid rain -- >> epa were more focused on those areas where the federal government has a unique ability to deal with problems such as interstate air pollution, there wouldn't be so many complaints about it. >> thank you both. we're out of time on this. you i assume want clean air. i'm sure i do. i'm open to the possibility of a climate change is something we may need to address. watching tv, you think even that would be easy. we're told we can change the world for the better just by buying the right car. >> we built the onlyu'll ever need. it's electric and it might just change the world. this is chevrolet volt. >> sounds so good. but david says we're being tricked. what do you mean? >> well, the chevy volt can't change anything because we only sell a few thousand each year. secondly, if people actually paid what a chevy volt cost to make, it would probably be around $200,000. so without government esse

biofuel helped fuel the gains. >>> the dozens of vehicles being recovered, and what police say it may actually help them solve other crimes. >> plus we're in the middle of a warm up. what it will mean for temperatures for you tomorrow. >> shot in the head while is sleeping on the beach. the investigation into a 10- year-old mystery. ♪ you want to save money on car insurance? no problem. you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance? no problem. you want to find a place to park all these things? fuggedaboud it. this is new york. hey little guy, wake up! aw, come off it mate! geico. saving people money on more than just car insurance. >>> a tribute to robin williams on broadway. that's the cast of "aladdin" leading the crowd in the song," friend like me." williams performed it in the disney movie. he was the genie, and he used many different voices and accents. on broadway, theaters and performers observed a moment of darkness in honor of williams. watch as the marquises go dark, one by one. the lights stayed off for one minute. a tou

converted into biofuel. gets 75 to 100 miles per gallon. that seems like a solution if ever there was one. bill: try that this weekend. maybe, maybe not. hey, there is surprise coming up later today. we're not allowed to give that away. we'll let it linger. see you tomorrow. "happening now" starts right now. have a great day. jon: good morning, a fox news alert and a security scare in the air that may have been sparked by a hoax. welcome to the second, to -- the first hour of our two hours of "happening now." see, you get back together with me i get all -- jenna: i know. nice to be back together again, jon. it is first hour of our show and i'm looking forward to it. jon: good to have you here. i'm jon scott. jenna: i'm jenna lee. start off with strange news. britain's royal air force escorting a passenger jet with 300 people on board to manchester airport after the pilot radioed for help over possible suspicious device on board. qatari airlines flight, that qatari airlines flight. now british police say one man is in custody, suspected of m

so i would argue once you get over $100 a ton, you start looking at biofuels, if you start looking at all those other options you upon the table, battery cars, it becomes more and more interesting to do that and less and less interesting to do this. i may be too aggressive, maybe it's $150 a ton but i believe somewhere around that level, the alternatives simply look too good and we will phase out fossil completed. there's one exception. if climate change really hurt, we will pay any price to get that back, right? but we will not keep running on a technology where we have other alternatives if this is more than $100. if this is way below $100 it may well turn out to be the cheapest option. so that for me is roughly at shipping point. i can't guarantee you that, but it's a factor of 1.3. i'm confident about that number. so here's the technology, 6-under dollars a ton. when the company in 2008 estimated a first of the kind of august 250 but both of them by the way our first of a kind but if you talk to kilimanjaro, if you talk to peter eisenberger's company, they all say we are below $10

world's fresh water. 80% of its electricity comes from hydropower, it has the most sophisticated biofuelsry in the world, and for its size, the world's greenest economy. brazil is already the largest producer of iron ore in the world and the world's leading exporter of beef, chicken, orange juice, sugar, coffee, and tobacco, much of it bound for china, which has replaced the u.s. as brazil's leading trade partner. >> and brazil has the size to match china's appetite. it's a big dragon on the other side. >> you have everything they need. >> we have--yes. you need brazil to basically fulfill the chinese needs. >> batista, who has interests in mining, transportation, and oil and gas, is building a huge superport complex north of rio with chinese investment that will accommodate the world's largest tankers and speed delivery of iron ore and other resources to asia. [drill whirrs] but it's not just commodities that are driving the brazilian boom. the country has a substantial manufacturing base and a large auto industry. aviation giant embraer is the world's third largest aircraft manufacturer

biofuels also had its day. if you look at the last several years, the yellow chunks represent investment but also large scale solar thermal. you can e see how solar increasingly represents a larger overall share of clean energy. now in terms of where solar is going on, where it's getting installed, this is just a quick glance at where the major markets have been. first of all, of course, on an overall volume basis we went from 6.5 gig watts total installed worldwide in 2008 all the way up to 40 by 2013. so five times growth in about five years, which is pretty amazing rate of growth. but then as a sub segment of this, important to look at where the markets have been and how they have been changing. the dark green bars at the bottom, that's western europe. so you can see that 2008 through 2011 and even 2012, the majority or close to a majority of the installations were taking place in spain and germany and elsewhere. but that has dropped very dramatically in the last couple years as an adjustment has gone on par

if you run on biofuels you did a automatic. it run on biofuels, it doesn't matter. if you put in the atmosphere you are responsible for taking it back out because otherwise it will i can relate or a least half of it will actually in the atmosphere. based on an emergency, if you want to -- that truck sort of made it clear. but let me do a simple cancellation. i'm assuming 3% growth plus 1% population growth. so we have roughly 4% rise in the energy world consumption or in the world gdp. and now we have to get better every year and not anything carbon. if i get better by x. percent every year thing you congratulate that you will never spend more than a certain amount of carbon and so you can ask how much do i have to improved in a year to over 450. this was done a few years ago so 90 ppm as the starting point. if you want to start at 450 p. object reduced 20% in five years you're done. that is now history. but the point i want to raise come if you stop at 750 ppm used to reduce carbon intensity every year by 4.5%. that is a lot. so in a way its origin if want to stop

vehicles like we're discussing right now and then the third is also promoting the use of non-food based biofuels as an alternative to our whole use. il on moscow's cities no water going to enforce tesla's patents in order to encourage others in the industry to move forward what are the kind of policies i mean that's obviously a great step what are other things that could be done that would advance the the speed with which we convert to electric vehicles sure so we conducted a survey with consumers union to trying to determine how many americans today could use an electric vehicle and what we found is that forty two percent of american households with a vehicle can use an easy today and in conjunction with that several we also found that the biggest barrier to electric vehicle ownership is finding a place to park and plug many people who live in apartments are multi-unit dwellings might not have a dedicated place to charge for easy overnight so we would like to see policies that encourage access to charging in public places like grocery stores movie theaters or at your workplace so you can drive

you know, this isn't really an efficient biofuel, guys, but i did ask if they're going to make a spamorcycle. you heard it here first. no word yet. where was your favorite stop? >> my favorite stop would have to be the grand tetons. they're beautiful. >> reporter: no kidding. beautiful. all right, back to you! >> spam motorcycle. we heard it here first on "street signs." personally, i take the grease and cook with it. waste not, want not. thank you for watching "street signs." "closing bell" with brian sullivan and kelly evans coming right up. have a great weekend. >>> welcome to the "closing bell" on a friday. i'm kelly evans at the new york stock exchange. >> and i'm brian sullivan back here at cnbc world headquarters. i am in for bill today. just an hour to go in

hormel currently has no plans to market an edible biofuel, this is just a stunt. did ask, though, about a spam-powered motorcycle from hormel. no word, yet, and i'm not sure how the exhaust would smell. guys, back to you. >> that was jane wells, i think this one of her finest pieces to date. >> josh also runs on bacon. imagine if jane was in studio. >> i'll roll out my sausage studio. >> can we get a quick trade. >> i don't know what to say. >> yes, you do. >> actually, the chicken producers, hormel does fairly well. i think some of the chicken producers, you can look at here, perdue is the other one. >>> still ahead, we are going back to trade school and answering your burning questions about the markets. stay tuned. >>> sharpen your pencils. you're about to get schooled in the fine art of trading, with the "fast money" back to trade school. the fast money traders are taking your questions to help make sense of the markets. send us a video. >> we would like to know what the heck is head and shoulders. >> post it to the "fast money" twitter page and make sure to u

it was built for the hormel food company, fueled by bacon grease converted into biofuel.les per gallon. that seems like a solution if ever there was one. bill: try that this weekend. maybe, maybe not. hey, there is surprise coming up later today. we're not allowed to give that away. we'll let it linger. see you tomorrow. "happening now" starts right now. have a great day. jon: good morning, a fox news alert and a security scare in the air that may have been sparked by a hoax. welcome to the second, to -- the first hour of our two hours of "happening now." see, you get back together with me i get all -- jenna: i know. nice to be back together again, jon. it is first hour of our show and i'm looking forward to it. jon: good to have you here. i'm jon scott. jenna: i'm jenna lee. start off with strange news. britain's royal air force escorting a passenger jet with 300 people on board to manchester airport after the

. >> biofuels. >> biofuels is still fossil fuel based. >> generally speaking. >> it's not going to be be solar or -- >> the carbon foot print is here to stay. >> it's a matter of how much more efficient -- >> and the bloombergs of the world there's only one guy on the plane as they worry about global warming. >> they bring their staff on the planes. >> planes on these long haul flights eventually you're going to go into that lower atmosphere hopefully that can cut down the flight time between new york and tokyo by an hour -- >> lower or higher? >> higher atmosphere. >> we will go faster. and you know that people do want to -- >> what about autopiloted planes? i mean, where there's no pilot on the plane. >> that's won't happen. >> that won't happen? >> or people piloting it from the ground? >> i don't think that will ever happen. >> the second passenger. >> look jim mcnerney he has basically said if we want to we can make a plane take off and land on our own without somebody in the cockpit. do you want that? >> -- really invested in landing the plane safely? don't you think that helps

it build up such debt because it is impossible to ever paid for windows solar or biofuel. they are great ideas but they do not work without government spending billions of dollars of taxpayer money. all those countries are now broken the result is that europe, far more liberals, more progressive, more socialists just scuttled their greenhouse gas emissions standards. they said go we are bankrupt and there are no jobs. we can't possibly comply. let's get rid of them. at that exact moment the leaders of this country were giving speeches saying global warming and climate change are such imperatives that we have no choice but to reconfigure the entire american economy. amazing. and that's going to tell you global warming does not exist. i want to you climate change does not exist. even if i agreed with it, it is a chemotherapy against the common cold because does it really matter if the air is clean if you have no job and for the rest of your life you will clean toilet bowls? i don't think that is a good alternative. it does not work. of what even debate they claim big governm

grasslands in the northern part of nigeria, for instance, and one of the huge advantages of using it as a biofuel is that it is not edible for humans, and therefore the cultivation does not compete at all with the companyor food, and my the cultivation so that we are promoting food populations.ative is this something you are considering in your country? asked the wife or the information. yes, we -- >> thank you for the information. yes, we are aware of that, but one critical thing we need to address is the issue of alternatives. for instance, in nigeria, where we produce a lot of oil, diesel however, thatt, not withstanding, the solution you are addressing is very critical for deforestation of those areas that are totally did -- be-- before us forested. de you can see that it is increasing in nigeria at a very rapid rate. can do this saying with a declining of deforestation and at the same time producing fuel in such areas that we really need a lot of transportation to take the diesel back. one thing we need to consider, of course cap -- of course, in all of this, is cost. it is good that it does

it's built up such that because it's impossible to ever pay for wind or solar or biofuel. they are great ideas but they don't work without government spending billions of taxpayer money. so all those countries are now broke and the result is that europe, far more liberal, far more progressive, far more socialist than the united states, just scuttled their greenhouse gas emissions standards to they said where bankrupt. there are no jobs. we can't possibly comply. let's get rid of them. at that exact moment the leaders of this country were giving speeches saying, global warming and climate change are such imperative that we have no choice but to reconfigure the entire american economy. amazing. i'm not going to tell you global warming doesn't exist. i'm not going to take climate change doesn't exist. i'm going to tell you even if i agreed, it's chemotherapy against the common cold because doesn't matter if the air is cleaner if you have no job and for the rest of your life you a clean toilet bowls as the best job you can find lex i don't think that's a good alternative. i wo

you know, this isn't really an efficient biofuel, guys, but i did ask if they're going to make a spam motorcycle. you heard it here first. no word yet. where was your favorite stop? >> my favorite stop would have to be the grand tetons. they're beautiful. >> reporter: no kidding. beautiful. all right, back to you! >> spam motorcycle. we heard it here first on "street signs." personally, i take the grease and cook with it. waste not, want not. thank you for watching "street signs." "closing bell" with brian sullivan and kelly evans coming right up. have a great weekend. >>> welcome to the "closing bell" on a friday. i'm kelly evans at the new york stock exchange. >> and i'm brian sullivan back here at cnbc world headquarters. i am in for bill today. just an hour to go in trading and what will be a very good august, kelly, for investors. stocks holding up fairly well today, considering that great britain has raised its terror level alert, saying an attack is now likely. we will hear what prime minister david cameron said and have expert reaction. >>> and is the market in for a rough sep

the projects partners argue the biofuels derived from organic sources could reduce carbon emissions byis ebola serum related to tobacco plants? >> there is a company that is working on that aspect of an ebola -- >> all right. >> let's get to hurricane iselle strengthened slightly and is projected to be a hurricane when it approaches the big island today. the weather channel's mike seidel joins us with the latest. >> we've got two systems. we're watching iselle and also julio for later in the weekend. iselle is the short-term impact. it has a much higher probability of causing problems across the entire string of pearls. remember on record just two landfalling hurricanes, the last one was iniki and both of those went over in kauai. and they generally come up from the south. it's unusual to see something coming in from the east. it's a category 1 hurricane. winds as of 8:00 eastern still overnight in hawaii at 85 miles an hour. you can see it is heading in that general direction of the big island in hilo moving west/northwest at 18 miles an hour. it may lose a little strength before it g