and so was the start of cushing, oklahoma, in 1891. t was a few years later that cushing, really oil history took off from there. >> that began in 1912 with the discovery of oil at the cushing oil field. what happened then? >> so a lot of oklahoma's oil's history is tied to the oil in pennsylvania. a lot of oklahoma is really -- their formidable characters transitioned from pennsylvania to oklahoma. certainly in this case in the cushing oil fields when thomas b slick, appropriately named perhaps, drove a wild cath well here what would be to our north adged east this morning, and opened up a gusher that was the first of what would become one of the largest oil fields at the time. it was the first in a series of wells that were successful. 45 out of the next 46 wells drilled were successful. and became prominent in the 1914, 1918 period, coin siding with large energy demands from world war one. >> and then you saw the rise of refineries in the area. why was that? >> because production was just so great relltiff to what was able to be used

and so was the start of cushing, oklahoma, in 1891. t was a few years later that cushing, really oil history took off from there. >> that began in 1912 with the discovery of oil at the cushing oil field. what happened then? >> so a lot of oklahoma's oil's history is tied to the oil in pennsylvania. a lot of oklahoma is really -- their formidable characters transitioned from pennsylvania to oklahoma. certainly in this case in the cushing oil fields when thomas b slick, appropriately named perhaps, drove a wild cath well here what would be to our north adged east this morning, and opened up a gusher that was the first of what would become one of the largest oil fields at the time. it was the first in a series of wells that were successful. 45 out of the next 46 wells drilled were successful. and became prominent in the 1914, 1918 period, coin siding with large energy demands from world war one. >> and then you saw the rise of refineries in the area. why was that? >> because production was just so great relltiff to what was able to be used

host: our coverage from cushing, oklahoma, it can use this morning where 13 oil companies are in the business of transporting and storing oil from all over the country. millions of barrels of oil get pumped out of cushing, and with enbridge. shamla from let's begin with your company, enbridge, and what you do in transporting oil. how does it work? greta.good morning, our money is involved with the transportation of crude oil and we are also involved with natural gas gathering and redistribution and green energy. on the pipeline side, with with wood pipelines in particular, we provide the important link between the production area, the fields and the end-users -- the refineries. that is the link that we provide. we do take the oil near the source in the production field. we do move it through the system with a series of pump stations moving through our pipeline stations, through cushing here, and on to the end refinery. the: we are you located in united states, and where are you headquartered? guest: we are a north american energy company. we are headquartered in calgary, alberta. we h

the "washington journal" broadcast from cushing oklahoma to talk about the current state of the oil industry. considered by some as the capital of the american auto kingdom cushing oklahoma houses the world's biggest oil supply with 80 million barrels of oil capacity. next are about the operation how it works. this is to an after-hours. >> host: where are we standing right now in oklahoma? fisc of this is the site of dealer number one. it was the discovery well from the cushing oilfield drill than 1912. the sexual well is a retrial of the original well because the other original oil would have had certain problems over the years. this would be a rotary hole here.

that aspect of it has changed but still has a lot of viability. >> host: cushing oklahoma has dubbed itself the pipeline crossroads of the world. that's the sign that you see when you enter and exit the town of cushing. it does so so because they're a 13 crude oil storage companies that operate water known as tank farms and with the capacity to store oil has reached 80 million barrels in that city. our cameras there this morning stationed at one of those tank farms owned by ambridge and we are joined by mike mueller the company's director and general manager there. mr. mueller lets begin with what is a tank farm? >> guest: greta a tank farm is a complex that has multiple tanks. the facility where we are sitting today has various tanks and piping that will bring the oil into the various tanks stage them store them and transfer them to a third party terminal. >> what happens there on a daily basis? >> guest: on a daily basis we have about 13 pipelines and seven that come into cushing and six or seven that go out so our customers that we call shippers nominate or tell us what crude oils

army in europe was made in cushing oklahoma, and the oil system was old, but the pipeline system had been set up to move supplies around so it became the gathering point. it all flowed through cushing and went out to other pipelines two refineries around the country to make products like gasoline, jet fuel, and heating oil that people need. host: some have called it the capital of the american oil kingdom. would you agree with that? guest: i would say it is a very key point in the oil industry. it is funny, when it was a boom town and they were producing a lot of oil there, people said any red blooded american would catch the oil fever there, for now it is very calm, and it is a central point of gathering really, for north american oil. host: and you are in new york. let's go back to the wall street component. "bloomberg businessweek" reported that each day some 900,000 oil future options and contracts are traded on the new york mercantile stock exchange and oil in cushing is what is bought and sold. why is that? guest: when you have a futures market, as you do for oil, you need a del

host: and cushing, oklahoma, the largest facility of storage . hy is that -- what's your capacity at right now in cushing? guest: well, we've got about 80 million barrels of storage from a shale capacity, about 65 million of what they call useable or working volume. so in there at any one time we might have that 65 million barrels of working stock in the cushing complex. and as we have seen of late, some of those volumes, those barrels are shipped out and the volume is not full, it is not towards the 65 million but it is maybe around 35 million barrels of storage. >> why are the storage tanks even necessary? >> again with the pipeline operation, you're taking product from point a to point b. and when you want to do that you have to stage or store that barrel because crude comes in varying slates. so if you have a west texas intermediate or a heavy sour, you'll need to keep those separated in two different tanks. so these tanks allow us to not only store crude for a given period of time based on our customers' desires, but also to keep that crude s

you have the pipelines from all over the country that come into cushing, oklahoma, directly from canada and their production they are crossing the border. of course the keystone xl pipeline will be coming from canada through the united states down to cushing transcanada also built their self-leg just south of cushing to the gulf coast. that is expected to be up and running here this year. they separated those two projects after the state department rejected the initial proposal from transcanada. now the company and proponents are waiting a review from the state department. we heard from daniel yergin earlier, that can come in 2014 now. as state does final review of keystone xl pipeline and what this will involve including environmental concerns. you heard the transcanada executive there talking about the economic impact as well. let me give you the phone lines here as we wait to get up and going. democrats 202-585-3880 republicans 202-585-3881, independents all others 202-585-3882. you can send us tweet @c-span wj inyou can go to facebook.com/c-span. alex pourbaix is the energy and oil

we did a show from cushing, oklahoma, about the pipeline companies that run pipes all over our country, including canada, have been doing so for years, and how it all comes to cushing, oklahoma, one of the largest facilities in the country. we interviewed the folks from ridge -- -- and embridge. i have heardr nothing but the same tired rhetoric from the 2012 elections . more tax cuts for the job creators. has it worked in 30 years of reaganomics? stamps, 75 per month in suit -- in food stamps, cut to $17. i'm a disabled person. i can literally get out of bed most of the time. cutblicans do not want to food stamps? you want to cut welfare? but corporate welfare. make sure they pay a rate comparable to those who work at walmart. national security? how about you guys sign-up and do a tour over there. you are going to send one percent of our population to go fight? your heads time for to kick in. the bill that we were talking about, reforming the snap program, has not passed yet , so i do not know how in your case your food stamps have been cut, but that is not something we are talking abo

then we have washington journal and cushing, oklahoma. considered to be the capital of america's oil kingdom. former sec chairman mary schapiro will look at changes made to the u.s. financial system since the 2008 financial crisis. all that tonight during prime time on c-span networks. increaseer jobs report of unemployment, 200-4000 jobs added but the rate likely jumped because furloughed federal workers were counted as unemployed while the government was shut down for almost three weeks in october. regardless of where you are on the political spectrum, we feel very fortunate and grateful that we live in the united states of america. it is a very unique place. we do try to sell our product overseas. what is our brand? i think our brand is the constitution, the rule of law, and our values system. equal under the eyes of the law, ada ande system is the the rights of americans with disabilities. >> this is a treaty. it is a law. the emotional arguments no one can disagree with. but will it have the legal effect that is being offered by prop

we want to thank our guest -- host: we want to thank you for joining us for joining us from cushing, oklahoma this morning. appreciate your time. guest: happy to do it. thank you, greta. host: thank you for welcoming us to the terminal there and oklahoma, enbridge, one of 13 companies operating stories and oklahoma.ge that ends the coverage this morning on "the washington journal." we will bring you up to capitol hill, where the senate finance committee is expected to hear from hhs secretary kathleen on capitolho will be hill for the second time to testify about the affordable care act and healthcare.gov. live coverage, here on c-span. [captioning performed by national captioning institute] http://twitter.com/cspanwj [captions copyright national cable satellite corp. 2013] morning, health and human services secretary kathleen sebelius is back on capitol hill this morning to answer questions from senators this morning. questions from the senate finance committee and the committee chair, max baucus, the chief author of the 2010 law. questions are expected about the website rollout and potential

if you look, dig down into the inventory reports, go beyond the headline numbers and look at cushing, oklahomademand demand for oil is going through the roof, supply continues to rise. that is 5, to 6 million-barrel build, that is bearish. heating oil is up 4.31. rbob up 2.34. they're not worried about tapering. they're looking strong demand. that's what we're seeing. david: you have to ask the question, sandy, is it demand, is it supply or is it the fed? which is most influential over the price of oil right now? >> well i'm a big believer on the commodity markets move on sheer fundamentals and right now the fundamentals in the oil and the gasoline, distillate market, is that demand is up because prices have come down. when you get the prices that come down, you get economies around the globe that use more of those energies. that is simply what is at work there. but you have to look at the fact that natural gas moving on its own, natural gas was the best performer at the cme today. that is separate story, david. that is a weather-driven story. you guys on the east coast are supposed to get a l

we did a show from cushing, oklahoma, about the pipeline companies that run pipes all over our countrycluding canada, have been doing so for years, and how it all comes to cushing, oklahoma, one of the largest facilities in the country. we interviewed the folks from ridge -- -- and embridge. i have heardr nothing but the same tired rhetoric from the 2012 elections . more tax cuts for the job creators. has it worked in 30 years of reaganomics? stamps, 75 per month in suit -- in food stamps, cut to $17. i'm a disabled person. i can literally get out of bed most of the time. cutblicans do not want to food stamps? you want to cut welfare? but corporate welfare. make sure they pay a rate comparable to those who work at walmart. national security? how about you guys sign-up and do a tour over there. you are going to send one percent of our population to go fight? your heads time for to kick in. the bill that we were talking about, reforming the snap program, has not passed yet , so i do not know how in your case your food stamps have been cut, but that is not something we are talking about t

cushing, oklahoma. about the different aspects of the oil industry. ck in september, c-span visited the area and interviewed a longtime oil producer and oklahoma resident about the history. where are we standing right now and oklahoma? >> this is the site of the wheeler number one. it was the discovery well for oil field. it was drilled in 1912. well was not hadble -- it would've certain problems over the years. this would be a rotary hole here. this is the site, though. there is a plaque over there. after the field was covered, what does the site look like? what was happening here? >> this was a tent city. -- it was the only town in existence when the field was discovered. are all kindsre coming up overnight. through, you notice all of the hills. it is very hilly. it would've been a nightmare trying to plan the city. black gold -- the rush. all of these things sprung up overnight. >> how much was the field producing in its heyday? >> it was the largest oil field in the world. outroduced 300,000 barrels of a five by 15 mile area. it was 75 square miles

we had a camera in cushing, oklahoma.f 8000 people has the capacity to store 80 million barrels of oil. today, our focus is on renewable energy. we continue that. up next, a reporter roundtable with nick juliano of environment ofrgy news and ben geman "the hill." discussing what is happening on capitol hill to shape an herbal energy. and the michael brune will join us to discuss the keystone xl pipeline and the president's environmental agenda. we will be right back. ♪ >> the place is now caught the mercedes-benz superdome in new orleans. where the new orleans saints play, the bcs title game was. bill entirely at public expense. iter hurricane katrina, when hosted football games again it was a feel-good story. the public paid for repairs. about $1c is invested billion in construction of the mercedes-benz superdome. the man who owns the new orleans saints keeps on the style the revenue generated there. why don't people rebel? peopleson is that many don't understand this is taking place. the second reason, they feel like th