fairway energy partners is developing these caverns that starting next year will hold up to 10 million barrels of crude. according to the company's ceo, chris hilgert, demand for the storage space has been brisk. >> we're leasing the capacity right now on the marketplace. it's being received very favorably. we have a competitive cost advantage that we're trying to exploit as much as we can and offer a much-needed service here. >> reporter: it's one of several high-profile projects under development in the region at a time when, because the world is awash in oil, storage has been filling up. u.s. commercial crude inventories are above 489 million barrels, the highest for this time of year in eight decades, meaning two-thirds of all u.s. oil storage is in use. over half of that, 250 million barrels, is sitting on the gulf coast, which hit a record high a few weeks ago. tanks in cushing, oklahoma, are again filling up as well. energy companies and oilpa trads are storing oil rather than selling it because the futures market is valuing crude at higher prices than the spot market. experts s

there are a number of caverns on main street and it's the meeting house which is also the congregational church. much of the built environment today doesn't exist. the courthouse does it's a private home that was moved several times from its original of nation that is now in a residential section and is a private home. it looks like a federal style building. this is the single most important piece of evidence that we have about the revolution in 1774. this is the diary of france's parkman was a longtime administrator in westborough massachusetts. yet the diary for decades. in this intrigue he describes the number of militiamen who come to wister in 1774. he was the towns that they came from and the number of militiamen that came from each town. and then the details of where they stood on main street that each company could be -- could hear the recantation of the court officials. forced to resign the commission. the legacy is one of self empowerment and self-regulation. these people although they were armed, they would leave their operatesnd area they there were nearly 5000 of them area t

it's drilling down to an existing underground salt cavern that stands 750 tall.all as the woolworth building in new york city, but under my feet. when this comes online, it will hold almost 3.5 million barrels of oil. this is one of three caverns that are developed by privately held fair way energy partners that will hold up to 10 million barrels of crude oil with plans to expand that to 20 million. >> we are activeliy leasing the capacity, we have a competitive cost advantage that we're trying to exploit as much as we k and offer a much needed service here. >> so, salt caverns are typically the least expensive way to store oil. that's one reason that fairway expects this to be profitable, even if storage demand falls in coming years. but fairway is not the only company plowing money the gulf coast energy, some more examples are phillips 66 doubles capacity to 16 million barrels at its texas terminal. in louisiana, hazelwood is planning a $400 million storage and blending complex, and enbridge will build three oil terminals which will enable the more import and e

because what's in the caves, the caverns and warehouses isn't what you get to buy?hey trickle some out, and that trickle out amount keeps everything priced at a certain level. it's a lot like what's happened to high quality collateral. the biggest owner of treasuries is now the fed, and they're on the balance sheet. white diamonds, what we have to choose from isn't a lot, but there's a lot out there, and the great recalibration might unleash a lot of this back into the marketplace. it's a lot like the titanic. now on a much lighter note, of course, happy hanukkah to those out there, and i went and bought a christmas tree yesterday, and my wife says how many lights do we put on it, and i have to thank the university of sheffield in the u.k. they have formulas for this stuff. in terms of light, all you do is you take pie, which is 3.14 times the height in centimeters and eight foot tree. the number that ends up popping out is 763 lights. it comes out to 50 ornaments. everything can be done in a fashion. thank you university of sheffield. back to you. >> rick santelli.

the empty space inside is cavernous. >> it has to be rubbed down and sand blasted and go through a complex process of painting and coating. >> one coat on the inside and one super thick coat on the outside. this was last painting in 19 3. >> as long as you maintain it the pretty much the life span is forever. >> this water tank is one of many it has in the burlington camden area, it takes treat the river water and describe outs it locally. they invited employees and regulators to take a rare look inside of the tank. >> i have been doing this for 30 years and it's my first time inside of the tank, they talk about painting the tanks and this is the first time i ever saw it. >> what strikes you is the acoustics, the sound is maybe a dozen people inside of that space builds to a roar and sounds like there is 1,000 people here. stamping your foot sounds like a cannon firing. >> and our shouts echos for at least 7 seconds, the tank should be back online any day now. i'm nora muchanic, channel 6 "action news." ng in one place. my giant. thisit's like candy block ofcane lane. i know. oohhh. oh, ho

the two sides dig in, trade verbal shots, and we end up pretty much where we started, and the two caverns see that result in very different ways, as a victory or defeat. we'll try to do better for the rest of the program. demarco is with us, for marylanders trying to prevent gun violence, and he's with attorneys. you heard dr. monget before the break, and her desire that we allow federal dollars for research, and is it reasonable to begin there? >> one of the things that struck me, all of the things that we don't know, but many of them we do know. we know who the violent actors are, and if we wanted to do research, we should determine why those violent actors do what we do. we know what the safe storage of a firearm is, and as a firearms instructor, i can tell you. we also know the four rules of gun safety. so a lot of what i think she says she doesn't know, i'm not sure she's looking in the right place to find it. >> i'm not sure you're right about that. we know, yes, observely what works and doesn't work, but we can't count the number of homes that currently use gun locks or safe boxes.

. >> gary: we just tell you alex left no doubt about how he felt particularly one hit on cavern the quarterbacked the game a little bit he's mad.. 3 and 8 that's what happens you look at some of this three penalties that the goal line but all pass interference of the forty- niners the question and answer happy but hey could make a pass interference made a good call the one that's the one they said it was home at the helm of the quarterback. it turned the game around carson palmer another chance and scrambled into when it 19 to 13 jimmy thomas to love did not blame anyone but looks like he probably one to the scheme distended moments ago and is blocked by baltimore the clock is going to run out a year ago the other way if baltimore ravens looked like face your ready to get dumped but running back just one of 12 to 327 the ravens and left plan game looks like they're going to lose to john if he wins it over the battered cleveland browns show you rob been custody. the fear of the patriots then the news for the defending world champions left the game last night in denver lost the broncos went down

that police officer has been cavern t with first degree murder.shot and killed by san francisco police two weeks ago. the police officer's union is renewing this call for changes in the wake of that shooting. and ktvu tells us they want the officers to have stun guns, but they have summeriest visions about other policy changes. >>> standing in solid arty, members of the police officer's association -- president who says it's time for san francisco to get stun guns. >> taking a human life is the last thing any police officer desires. >> tasers could have prevented the killing of mario woods december 2nd. officers used bean bag rounds, pepper spray and other tactics before shooting woods who was carrying a knife. >> these officers were put into an impossible situation. and eight seconds of video does not dictate the entire incident. >>reporter: to better understand the training that officers undergo in deeming with situations where if suspect is wilding a knife, officers tell ktvu this youtube video shows just how quickly a person with a knife can a

. >>> cavern garnett back to the garden. kg in town and he did not play. rj hunter played. watch what he does. he launches it buzzer beater from half court. celtics up by 8. avery bradley in the corner and big man hits the 3. losing streak. final score 113-99. >>> a long time coming but the red sox will finally retire number 26 for wade boggs. the team plans to honor the hall of famer during a special ceremony on may 26. he played 11 seasons with the sox and won the title five times but plenty of hard feelings when he chose to sign with the yankees why 1993. >>> it is now 4:46. let's start with a live look at our map where you can see nice and green which means our traffic flows are moving along. 93 south, route 1 wide open as you can see. zakim bridge looks good. live drive times. 13 minutes on route 1 to the tobin. 19 minutes from 495 to the leverett connector. 24 minutes on 128 from route 1 in peabody to the weston tolls. if you were an early riser and you are getting ready to head out the door now, you should be okay, but later in the morning, we are going to start to s

[both gasp] the caverns! the caverns! come on! [ ] look out! [both scream then grunt] [both gasp] it's huge! it's ginormous! we're doomed! we have to stop the plant growing before it covers the whole castle. both: we'll be right back! [ ] squirmtum: help! [gasps] both: squirmtum! squirmtum: tom! twigs! get me out! it's squashing me! [gasps] hold on, we'll get you out. [both grunting] can't...uhh! move...it. [groaning] oh, no! waah! uhh! unh! and it's getting bigger. if it fills the tunnel, squirmtum's doomed! [all gnting] it's no good. we've got to use big world magic unh! to get the root out of the sap tube and save squirmtum. unh! so i need your help. it's time to do the mega mover spell. are you ready? tree fu, go! [ ] right,t,opy me, into your spell pose. reach across, pick up, move to the other side, release. reach across, pick up, move to the other side, release. imagine you're picking up a heavy box. grab, , ft, move to the other side and release. grab, lift, move to the other side and release. fantastic. same moves again. reach across,

a look at how one energy company's taking the situation underground in salt caverns.ck. >>> headed to break, look at u.s. equity futures. mixed at this hour. >>> welcome back to "squawk box." rick santelli live on the floor of the cme group. breaking news. third quarterfinal, unit labor costs, expecting the number slightly north of two percent and got a number slightly north of two percent. the final follows unrevised, and the best quarter for productivity was three and a half percent, and that was the second quarter. so then unrevised now, and unit labor costs up a little bit more than expected. we were expecting up one percent, and we ended up with up one point eight, and moments ago, there was two hundred seventeen thousand in adp. although it's not three hundred thousand, it's better than expected, and deals climbed a little bit, up three to four basis points from yesterday, and it was close to a four week low yield settlement, and, of course, we're looking forward to the big number on friday, and one thing to pay close attention to is we continue to see the dolla

. >> reporter: on the campus of uc riverside, a candle light vigil for two alumni lost in the cavern karn carnage in san bernardino. victims of now what is this is our first look attach fine ma tashfeen malik. >> the investigation so far has developed indications of radicalization by the killers and of potential inspiration by foreign terrorist organizations. >> reporter: nbc learned malik swore allegiance to isis on a now deleted facebook post that went up just as the attack started. >> i had absolutely no idea they were involved in anything like that or that they were even capable of doing something like this. >> reporter: today nbc news was allowed into the suspects' town home with the permission of the landlord and police with a glimpse of their private lives now just a crib, monitor and prayer beads. their neighbor is shocked. >> they could have been making a pipe bomb and blown us all up and we didn't even know it. >> reporter: sadly the victims' families are going to have to wait a little bit long tore say their good-byes. all autopsies are ongoing and it will be next week bef

. >> reporter: much of his collection is now in buenos aires own cavern club museum, the only one outside liverpool attracting thousands of visitors a year. >> it's the music. kids know how to sing beatles song from primary to secondary schools. >> reporter: it's a long and winding road from liverpool to buenos aires, more than 11 thoun thousand kilometers. 45 years after the band split up, they're as popular here as ever before. they strik a chord in our hearts like no other foreign band. the fab four's following extended beyond argentina. this is a celebration of music bringing together bands from peru, colombia and brazil. first place in this contest was a trip to play at liverpool. this band from chile. >> translator: for me the beatles mark the point at which modern music began. from the point of view of the composition, the instruments, the vocals and more than anything the overall quality. >> reporter: and the fans stretch across the generations. >> translator: because of our age we grew up during the period of the beatles. it was our time. >> translator: i've liked them since i wa

those steps lead into an 11-foot deep cavern and once in the hole there is a split level. a bedroom on one side and a sunken living room in the other and it's 15 feet down. >> i haven't seen anything like it in the time that i've been here. >> yosu eries on wasn't home when police began to clear out their belongings and they found books there and papers that looked like homework assignments. >> he was studying several topics from what it looked like from his property. >> reporter: including the english language. >> he had an alphabet written out. he is a student of the bible adulum. a cave where david hid from the king. these are the tools rios used. they can't help, but marvel at the work done here, and yesterday when rios returned he was taken to the jail. he's charged with destruction of property for the hole and faces an outstanding traffic ticket from maryland. visitors say they understand the danger posed for the cave, but their sympathies are with rios. >> more power to him. he did something that most people don't do. he took a step to change his life and made his o

it is cavernous with apartments and condos on all sides. why there are places here where you can barely see the sky. it was in this alley that it happened. it was in this alley where the woman was attacked. it was 9:30. 9:30 sunday night. police say a woman was raped here in this alley and raped by a man who sexually assaulted her and then ran away. people around here say this alley is a watch where you walk kind of place. >> i don't feel like as a woman i don't come out here that often. not by myself. >> reporter: at night. >> no. dangerous for women? >> yeah, man. it's not safe for anybody walking at night by themselves. >> what do you make of the sexual assault? i think it's very terrible, i don't know what words to use in that situation because i hate that it happened to someone. it would be tragic for me. >> the description of the suspect a man 30 to 40 years old, tan jacket, black pants. if you know anything about this case, police want to hear from you. wendy, back to you. >> all right. pat collins. >>> a second day of searching did

but the cavernous basement presents another challenge. they must work ten feet above the floor drilling holes into the concrete ceiling. each time they insert an extremely small specialized search camera that allows them to see into the vast darkness. the process is agonizingly slow. >> all of a sudden there's a pull of the camera. and i lose the grip. and the camera is just going --. and i'm not thinking, just pulling back and then all of a sudden i realize, oh, i have a contact. >> it's what they've been hoping for. >> and then we took a little few seconds of signaling back and forth and just emotions flowing. and then she turns the camera and i can see her face. >> it is an incredible moment. for the first time they see the woman. >> she couldn't even turn around she was so tight space she was in. >> the team fighting exhaustion is energized. >> when you get into action like that, time flies. it's not just waiting. >> but the drilling takes time. and they don't know how much nadia has left. she's been trapped for 48 hours without water

he was in this misty, windy, torrential cavern with the sun beaming through the curtain of the falls,there, yeah, he wondered if he wasn't just straight in heaven. >> but then pedro spots something jarring. ironically, it is just now he gets his only injury of the day. >> all of a sudden he sees the green form of a snake to his left. he stumbles back like, whoa. he sees another snake to his right, slips down, cuts his leg. >> pedro narrowly survives one of the most dangerous stunts only to walk straight into a cluster of boa constrictors. >> and he says he just waited there for a second and just had to catch his bearings and be like, okay, you are okay. just get up. you have to walk out of here, you know, you survived the falls, don't let this be the end of you here. he was able to get up after that, calm himself down a bit, avoid a couple more snakes, which ended up being lazy boa constrictors digesting a meal, somewhat harmless boa constrictors, but still, a snake is enough to scare any one of us. and yeah, he ended up from walking out behind the falls and telling us quite a tale. i

. >> reporter: the washington square cavern in brookline was one of greater boston's original gastropubs serving refined food and a wide selection of craft beers. >> it's a very comfortable place to come. you feel at home. you want to sit here and have a couple drinks. you want a couple courses. have your friends meet you here. a great place to hang out. >> reporter: mccabe's on mass in cambridge offers 20 microbrews on tap and seasonally small plates and sandwiches. >> really well seasoned. well executed food. that's our goal. leave here happy. >> reporter: barrel house in downtown beverly is a trendy in terms of the food and the brews. >> we want the beer geeks to have a place to come outside of the city, but we are also here for those people that have never experienced this. we will make sure that you have an experience that you want to come back to again and again. >> reporter: other notable gastropubs are hops and scotch, the gallows in the south end, and kirkland tap and trotter in somerville. watch the phantom gourmet saturday and sunday at ten and 11. >>> there is much more to co

mayor de blasio's office says the armory will be converted from an abandoned cavern into 500,000 square feet of housing and commercial space. it will also include recreation facilities and a community event center. this project has been in the works for years. >>> in new jersey, casinos are a step closer to moving north. state lawmakers considering two different proposals, both of them advanced. they have their differences, but both want voters to decide if be changed to allow casinos in new jersey outside of atlantic city. southern new jersey lawmakers say if that happens, it would kill the business in atlantic city. >>> this morning, a cleveland cavaliers fan is recovering after taking a direct hit from lebron james. not on purpose though. james was trying to save a ball from going out of bounds. that's when he plows into the front row. she is ellie day, the wife of pro golfer jason day, who won the pga championship in august. lebron says he spoke to her as she was being helped by paramedics, and she says she was okay, she was just a little bit shaken. you know, that's a humongous hum