of energy creates energy it's absurd and reagan knows it the department of energy builds nuclear bombs they renamed it back in the day you know so that people wouldn't get upset about the budget or something the bomb making agency didn't sound so good but it doesn't refine oil. reagan knew it was a great talking point and he knew that he had to be willing to say what ever it takes to win as long as he says it's uncertain. and so mitt romney did the same thing he lied about his own tax plan a lot about the president's medicare reforms he lied about his on medicare plans he lied about wall street reform he lied about the president's green energy investments he lied about death panels he lied about small businesses he lied about the deficit he lied about the national federation of independent businesses he lied about cuts to the military but you know what he talks and surly just like reagan and that's why today he's been declared the winner of the debate in the mainstream media instead of being declared the loser by virtue of lives but the similarities don't

department of energy. >> thanks, jane. is report on home heating from the department of energy says that the average american home may be getting only half the heat you're paying for. now we're going to put the department of energy document number up on the screen so you folks at home can look it up online. but i'm quoting from the report now. and then it goes on to conclude that... >> jane: wow, richard, if that's the bad news, what's the good news? >> well, the good news is i'm here with a very special guest who is a certified home energy rater, meaning he's an expert in home heating efficiency. karl, thank you for joining us. >> my pleasure, richard. >> now, karl, i had a lot of fun playing a home improvement expert on tv, but you're the real deal. we've been trying to make sense of this report from the u.s. department of energy that says half of what people are spending on their home heating could be wasted. can you explain to us what this means? >> sure. the typical home has a furnace with forced-air system. heated air

there's a division of department of energy. >> stephen: you are laughing because i busted you. are totally nailed right now. >> no, there's a division of the department of energy that funds basic research, which i think is the legitimate role of government stoonchts speaking of basic research can't i make this thing by putting two nails in a lemon. sthnt a battery? >> it's a battery if the nails are of different composition. if you take two similar nails you won't get any voltage, no. >> stephen: so you built a better lemon? >> no a better battery. [ laughter ] >> stephen: what happens if i take a slice of this and put it in my cocktail? >> ah -- >> stephen: you don't get questions like this at mit, do you? >> no, no. [ laughter ] this is a different line of interrogation. [ laughter ] >> stephen: you say like new batteries can lead to world peace. >> yes. >> stephen: how does a new battery lead to world peace? >> enough batteries everywhere to brick renewable sources of emergency to the grid and use that to power electricity vehicles, you gowring to topple dictators, make thing

>> on tuesday of this week we sent a letter to the department of energy asking for engineering reportsports, marketing reports to find out what the department of energy knew, when they found out about it and what happened to the people on the ground in colorado who are without a job and the investors who put millions of dollars in this company and people who bought the product who are victims of a faulty product. gerri: hate to bring of solyndra but let's bring up solyndra. this is a company that spent $500 billion of taxpayer dollars and want to file bankruptcy petition that will allow executives to save their and taxpayer money. is anybody going to stop this nonsense out there? >> even the irs has known this is a bad deal for american taxpayers. they file that objection yesterday against the bankruptcy plan, the solyndra file because we have one of the close investors, one of the close friends of president obama who set up a shell corporation through solyndra to take advantage of tax credits received through net operating losses so once again the issue of crony capitalism rears its u

that funding for nuclear weapons programs within the department of energy is nearly 50% above the historicrage of the cold war. and this is within the department of energy, not necessarily pentagon funding. but again, what i am attempting to underline is the very fact that despite the rhetoric that this country and others are working towards the future of world free of nuclear weapons, on the ground what is happening is that the u.s. is rebuilding the production side of its nuclear weapons complex. specifically here at los alamos, it is for the future expand production of the plutonium cores of the nuclear weapons. >> what is your problem with that? >> first of all, i am in doubt right advocate for the eventual abolition of nuclear weapons. as the president said in prague close to four years ago, we are going to have to maintain those weapons while we work toward eventual global disarmament. but what is happening the so- called life extension programs is the u.s. is extending the service life of its nuclear weapons on the order of three decades, while in going them with new military capabi

the department of energy found -- >> please, please. >> robert, you had your turn. it's my turn. the department of energy found that under president obama we've produced 240 million more barrels of oil from public lands and waters during his tenure than during the last three years of the bush administration. we're producing more oil from federal lands and waters than we did under the last three years of president bush. nonetheless, we're producing more oil than we have in nearly 20 years. nonetheless, gasoline prices are higher. as i said earlier, the associated press did a statistical analysis of 35 years -- >> i do think production was down, though, this year. i think production was down this year. >> absolutely not. in fact -- >> no, no, no. we did the fact checking last night. >> maria, you're mistaken. >> no, it was down 14%. >> yes, from last year. hang on a second. production is down from last year, but that's like saying, i lost 25 pounds in february, and i only lost 10 pounds in march, therefore i gained weight. the production last year was higher than any o

turns out once again from the department of energy, 96% of the inease since 2007, in production, took place on nonfederal lands. look at that. you can see there. >> private and. >> absolutely. melissa --. melissa: hang on, let liz get in there. go ahead, liz. >> what we're talking about essentially the difference between drilling on federal land, government land or private land. what you're seeing permit somethg down. federal permits to drill on federal land is down about 33% under the white house. under the clinton administration rose nearly 60%. more than doubled underneath the george w. bush administration. the president, you know the administration has been canceling lease sales in the western gulf of mexico, atlantic coast. delaying exploration off alaska. pulling leases in utah and places like montana. the president did make a statement. he did say, look we've enacted a use it or lose it policy where we will pull, you from you, oil company, the permit. melissa: that was compelling argument. was it true though? >> it is extremely nuanced. listen, when you call something inactive,

with the fema team here, the various agencies that are in charge, including the department of defense, department of energy and others that are going to need to respond very quickly. under craig fugate's leadership here at fema, we've had a chance to talk to the region al officials as well, and i had talks with governors of various states as well as other leaders. everyone is confident that the staging process, the pre-positioning of equipment that will be needed to respond to the storm are in place. but as craig has emphasized, this hasn't hit landfall yet, so we don't yet know where it's going to hit, where we're going to see the biggest impacts, and that's exactly why it's so important for us to respond big and respond fast as local information starts coming in. i want to thank all the members of the team for the outstanding work that they're doing, but the other thing that makes this storm unique is we anticipate it will be slow moving. that means that it may take a long time not only to clear but also to get, for example, the power companies back in to clear trees and put things back in place so that

>> yeah it does come right at a time a month before the election at a time when the department of energy campaign issue, featured prominently in the first debate, even in the vice-presidential debate. so a big part of the obama administration wishes to neutralize, if you will. so the question is, why are they restructuring this loan to tesla motors? which by the way sales are 30% below expectations. they have 14 straight quarters where they have lost $660 million. and are you ready for this, drum roll please. the ceo, elon musk claiming so that they can make early payments to doe. that is now what they're claiming. many analysts look at this very skeptically. given market for electric cars and history of tesla motors it is a hard one to swallow to believe they're this cash-rich, especially given the disappointing sales and lack of production by the way. melissa: also, a lot of people also don't realize what we are underwriting, you and me as taxpayers the thing we're underwriting here is $109,000 car. >> yes. >> when you go into tesla showroom to buy one of these electric cars, the base

brief a at -- including fema and agencies that will be helping with the recovery efforts, the department of energy, the department of transportation, the department of homeland security, and the department of health and human services. everyone is a bear -- everyone is aware that this will be big and powerful storm. across the eastern seaboard, everyone is taking a corporate preparations. i have spoken to all of the governors in all of these states. they have issued emergency declarations. those have been turned around quickly here in the white house. we have been three position assets so that fema personnel are working closely with state and local governments. we're making sure that food and water and emergency generation is available for those communities that will be hardest hit. we anticipate that the center of the storm will hit landfall sometime this evening. but because of the nature of the storm, we're certain that this will be a slow-moving process through a wide swath of the country. and millions of people will be affected. the most important message that i have for the public right now

there was a time when the department of energy was going to cap this mining activity in a place to the thanks to california water managers, we were able to convince the department of energy to move the pile away from the colorado river. but in 1984, the uranium industry fell, prices dropped, the government refused to subsidize the industry any further. but there has been a resurgence due to an increase in uranium prices. there are two companies that have actually merged. they're currently using a milling facility about 100 miles south of moab, delete uranium processing facility in the u.s. -- the only uranium processing facilities in the u.s. the >> as we travel on this 100-city tour, we follow the uranium trail from one mine in virginia to another one near green river, utah. later this week we will be in los alamos, the birthplace of the atomic bomb. i want to play a comment from dan chancellor who is running for a seat on the local commission. i met him when i was in telluride. he was talking about a proposed uranium mill in paradox, utah. >> we have some development on the valley fl

of an eerie calm on the floor right now. i want to bring in a guest now. the energy markets the energy department said as a result of this storm, as a result of sandy, we are seeing gasoline supplies at their lowest since 1990, but yet gas dropped today. >> that's because a lot of individuals think the demand will come off. obviously individuals are stuck in their homes and not going anywhere. all of a sudden, those gasoline prices are going to have a pullback on demand. sandra: what do you think the trade will be tomorrow when things reopen? >> i think although the east coast accounts for 35% of the demand, i think that people are going to be going back into their cars. you know, it is not as bad as a lot of people had thought. sandra: you see this as an opportunity to buy oil and gas. >> buy on the open, anticipate a quick trade an hour or two and get out. sandra: that's chris who is joining us. these empty s&p 500 futures pit which we never get to do. dan, pti securities, you have a really strong opinion on what's going to happen tomorrow. you are saying it is eerily calm ahead of that open to

yes, the department of energy should try to work to reduce the cost of energy for the american peoplehought it was pretty political that the president -- i believe it was back in june -- tapped into the strategic petroleum reserve. i asked christine roman if that -- that's not a full scale way to attack that problem. it's a temporary thing, and it's mostly -- >> it's awe very short-term solution. you have to have longer term solutions, and, look, they have various proposals. the president had some ideas. green energy, for example. romney had some other ideas, you know. opening up land for greater exploration. all these are long-term efforts to redees america's energy dependence on foreign sources and also reduce the price, but it's not by any means a simple solution. >> fourth question we felt we didn't really get full answers from either candidate, and that was what will you do to create jobs. there was jeremy. i think he was the 20-year-old college student who stood up to ask that question, but we didn't get the specifics other than i agree with pell grants and i agree with creating

the technical expertise that resided in the department of energy. working closely with the government of japan and the power co. in tokyo. what this brings to us now, with an understanding of the role that we need to play, it is an identification of whether there are gaps in the role that was needed. how to apply the military instrument is important for military leaders. we can help to optimize the approach the two are trying to take. for us, there was this sense that we were behind. i would suggest that, in the case of a crisis that continues and insurers for the length of time that this did, the roles that we were trying to play was how to anticipate the next problem. feedbac[feedback] the way that this played out, there was contamination in the atmosphere, followed by contamination of the food supply. then there was the water that was running into the ocean. so, our discussions, both with the nrc and the government of japan, how do we understand and characterized assistance to develop a common operating picture for understanding. how do we talk ab

of shell energy company. thank you for joining us. out of the gate i want to talk about the sound bite lee is used. that was incorrect. if you go to the department of energy and look at crude oil production, it is down 14% on federal lands some it romney was right on that one. the president was incorrect. what did you think of the exchange? >> i thought the president was repeating an untruth so assertively as to make it sound like a truth. the president was wrong in his statement with respect to governor romney's statement about permits and licenses. what matters in the oil business is permits and licenses for future drilling. the kind of increase the president is talking about, the governor is correct. private lands with state permits, not federal permits. to 40% number, down 40%, is also correct. the president did not want to give on any of those points so he simply repeated an untruth to make it sound like a truth. melissa: going over facts like the department of energy, production, decrease in new leases of 42% for this administration versus the last administration and for outstanding drilling permits those are down 37% so no matter how you

>> guest: solynda received subsidies from the department of energy. i think the money was given at a time when it was thought that solar was going to be very expensive and this chinese juggernaut came in along with a real fall of the silicon that goes in it. solyndra was stranded out there and it went bankrupt. it was not competitive. if they had to do it over, they probably wouldn't give them a alone. >> host: was a smart events investment for the taxpayers to make? >> guest: you have to look at it in the context of the whole stimulus program people will say, was that the best way were the only way, because remember that those were the days of 2009 this was meant to just jump start things. it went bankrupt. >> host: are tax credits for alternative energies a good idea? >> i think it is important to diversify our diversity supply. i think solar, i think that we do need to see these costs come down, they continue to be technological innovations. i think that encouraging them in a reasonable way, not only have we incentives, but many require a certain am

you know, if we was to cut some of our other areas, such as the energy department's -- you know, there is lots of places where we can cut expenses in this country. let's do that. we make a lot. find a way to shift that money to infrastructure in this country. because it is hurting the economy. i felt that firsthand when i was in business and we could not pull some of the product direct. we had to go around and now is the time to get started. >> a good question for two reasons. it is substantive and it shines a light on some of washington with partisanship ideology. we have had complications in my six years in -- we have had opportunities in my six years in the senate to invest in roads, public works, and ways to improve the economy in pennsylvania and the country. and to invest in the new technologies of the future that will create jobs. unfortunately, the partisanship meant we had a very close vote on the recovery act. candidly, looking back on it, we should have done more on that bill when it passed. secondly, we have a transportation bill that is a little more than two years, only 2

this is such a bad program and he writes me a letter saying, writes the department of energy a letter saying the reason we need this stimulus, it will create growth and jobs. his words. and now he's sitting here looking at me? >> the other nice additional hypocritical element of that is when he says, green pork? at the top which i think is supposed to sound as disgusting as it is. it's the idea there would be alternative energy, green energy stimulus projects. the "associated press" today published the letter specifically for paul ryan asking for green pork stimulus funding for his district. specifically, like electric cars and stuff. paul ryan was begging for that money. there is a pattern of hypocrisy here. paul ryan gets all of his credit as being a principled guy who stands by his convictions but that brand is not supported by his record and that has been true of his record forever. as long as he's tried to do that as a congressman but campaign a different way. it's always been true of him, but now it is finally getting pointed out on live tv in front of 50 million people. here's

department of energy. >> let's talk about the advantages of owning spectra.e had a very good record of dividend growth. >> right. >> that's one of the reasons why we like stocks like spectra. >> right. >> can you continue to deliver that? even though you do have some commodity exposure and we know that some of the natural gas pricing has been tough for you. >> yeah, about 20% of the business is commodity exposed so that will make earnings move up and down. but we generate a lot of cash and we've said we'll grow the dividend at least 8 cents a year for the foreseeable future. you never know, maybe we can do a little better than that but we'll keep working that. the way pipeline business works is you build projects over two, three years, so earnings grow, then you may flatten a little bit, they plateau and then you grow, but you keep generating that cash, which allows you to give investors a return through dividends and/or eps growth. >> we're investing in america, which means we're investing in american people who have jobs. $8 million in capital expenditures.

and in fact, it may pay off its department of energy loans early. now, could it have gotten that initial loan under a romney presidency? probably not, given the loser comment. now, tesla says it has enough money to continue its work no matter who's president. but not everybody's convinced. here's cnbc's jim cramer this morning giving stock advice were romney to win. >> you would short the heck out of tesla. tesla comes out and provides an update today. but first solar and tesla are shorts in a romney administration. whoa. >> cramer definitely not convinced. tesla probably thrown unfairly into that pile with three other companies that are really not doing very well. but interesting to see mitt romney call it out specifically. >> scott, thank you very much. we've been telling you all sorts of good news and good vibrations on the baseball field. but not such great news for the san jose sharks fans. reuters reports the nhl is canceling the first two weeks of the season. we haven't confirmed this. but reuters announcing the nhl canceling the first two we

and, they're really weighing on weekly department of energy inventory stocks. so if we see any kind of drawn-down on wednesday's figure coming out, we might see oil pose a turnaround. > > thank you and have a great week. > > thank you. suspicions about the september jobs number appear to have started with a tweet. shortly after the postive news was revealed, jack welch, former ceo of ge, tweeted: "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." betsey stevenson, the former chief economist in the labor department, tweeted back: "anyone who thinks that political folks can manipulate the unemployment data are completely ignorant about how bls works and how data are compiled." according to the labor department, the unemployment rate dropped to 7.8%. the number of people hired for full- time jobs rose by 838,000. part-time workers dropped by 26,000. we'll have more on the date later in the show. protests are expected as german chancellor angela merkel travels to greece this week. tuesday's visit will be the first by me

the department of energy expects temperatures to be normal this winter and that means higher heating cost. last winter was warmer than usual. that kept fuel prices lower. heating bills could rise 20% for oil customers, 15% for natural gas, and 5% for electricity customers. >>> worldwide sales of personal computers are sharply down. two research organizations say third quarter pc shipments are off by 8% from a year ago. back to school purchases usually keep third quarter pc sales strong. the drop off is due in part to consumers spending on tablets and smart phones. >>> and it's the real thing after 80 years, no more coca-cola in 6 1/2 ounce returnable contour glass bottles. a minnesota bottler stopped production on tuesday saying they are just no longer profitable. coke is still sold in 8 ounce bottles. next week the bottles will be sold online for $20 each. proceeds will go to a local public works project. 6 1/2 ounces sounds so small compared to the big gulp, the 64 ounce. i need a bigger drink. >> i'm glad they are not getting rid of the glass bottles all together. >> they were cut

in fact it may pay off the department of energy loan early. tesla has always made its doe payments on time and never asked for a delay repayment ever. i don't know how to state this more clearly. >>> meanwhile hewlett-packard's ceo meg whitman says her company will take much longer to turn around than she first thought and make a lot less money than investors had hoped. that and concern over europe are hanging over wall street. jackie is live at cnbc headquarters with more. good morning, jackie. >> reporter: good morning to you, scott. well, the futures are modestly higher and this is after we eked out small gains yesterday. investors were first cheered on by data on private sector job growth but that was offset by hp issuing a disappointing earnings forecast. meantime european markets are in the red today and here at home we'll get data on unemployment filings and factory orders. also watching for the minutes from last month's fed meeting. the dow rising 12 points to close at 13,494. the nasdaq a 15-point gain to 3,135. >>> and toys r us gett

department of energy steven chu will be better remembered because of the solyndra debacle in winning the nobel prize in physics. and to plot -- janet napolitano one of my favorites. to be remembered to forget who she is and what she does? it is easier we don't get into it. she is making a mess out of things. don't worry. it is just a homeland. shaun donovan that is all we have to say. department of veterans affairs shinseki and we don't know what he looks like, and i do know what he looks like actually. the best reason not to know he works that hard for our veterans think you mr. secretary. 15 secretaries president obama has met with all of them. are you ready? twice. and the last nine months. and obama is hard at work golfing and campaigning to do it again. having weekly meetings with bala read jarret and political of pfizer's who are protected by a executive privilege is inspiring. what can you expect from a man who ever managed anything and his wife until he was elected the biggest management position in the world? only in america. one name not year, teetwo to keep his mishaps and

department of energy. that's down from more than 8 million without electricity last night. in addition to new jersey, more than 1 in 10 customers in connecticut, new hampshire, pennsylvania, rhode island and west virginia have no power. ny nuclear power plants remain offline with two others operateding to produce capacity. >> we're joined from jupiter florida. what are your colleagues facing lewis? >> they're facing restoration process with a storm that covers so many states and has done so much damage as everybody is seeing on tv. they have many, many lines down, poles down, transformers damaged. substations that are under water, and have to get dried out. equipment vault that is are flooded. they lot of work ahead of them. >> tom: how does a ceo -- how do you begin to prioritize all of that work? >> actually, the priority is pretty well established before the storm even hits. every utiltd works with emergency operations center and develops a priority list. typically the way it works is critical infrastructure customers get their power back first. critical infrastructure c

department of energy. >>> today we are going to find out how clean the baltimore harbor is. the waterfront partnership and students from the school, they are going to come together to present the most recent healthy harbor report card. the major problems affecting the health of the harbor? trash, and bacteria and stormwater runoff. >>> all right, it is 4:51. a very heartbroken grandfather in colorado this morning. >> why he's pleading to the person who stole a camera from his home. >> also the latest feature on facebook that could have you paying a fee to have your friends see more of you. we'll explain when "good morning maryland" continues. >>> in news making head lains around the nation this morning -- headlines around the nation this morning, crown is pushing to have her -- casey anthony is pushing to have her trial moved out of orange county, florida. anthony claims it would be impossible for her to get a fair trial in the country. the nanny is suing anthony for defamation over lies that were told when caylee anthony disappeared. she was harassed and threatened after an

attorneys with the irs and the department of energy asked a bankruptcy judge to reject the plan. the irs says the plan's main purpose is tax avoidance. there is a hearing now on this issue set for next week. >>> quite the spectacle today in los angeles as the space shuttle endeavour is moved through city streets to its retirement home. endeavour is being transferred from los angeles international airport to the california science center at exposition park. the 170,000-pound spacecraft will be on display there for museum visitors eventually . this is a live picture of from the streets of l.a. there you can see the shuttle is moving at 2 miles per hour. four computer controlled transporters will negotiate the shuttle along the 12-mile route where in some cases it will be inches away from buildings. >> in some places the wing tips will extend beyond the boundaries of the streets over the sidewalks. >> reporter: what do you do then? >> just move very carefully and slowly. we tell people to open their windows as the wing comes by. [ laughter ] >> can you imagine? trees and other obsta

solyndra's attorney that negotiated the loan is married to someone in the department of energy who helped approve the loan. anybody ever heard of the kennedy family? they got $1.8 billion. i'm guessing they're in the 1%. snoke $1.8 billion loan for a company called bright source. i don't do high finance but we've got some finance majors, i'll let you tell me this. the gross revenue is $13 million and they got a $1. billion loan. -- in the $1.8 billion loan. they're in the slow cycle of going bankrupt. we've had four or five other companies go bankrupt. why? because the president thinks he's smarter than all of you. every time you go out and buy something at wal-mart you decide who succeeds. with your purchases you decide prices. he decided, i'm going to make a whole industry out of something that's not profitable, solar panels, and do it by rewarding witch people with loans from regular people. it's inexcusable and you shouldn't let the demagoguery sit. you shouldn't let it be out there that he somehow cares about the regular folks and is going to go after the rich folks. he's taking mone

of geothermal energy under oregon's largest volcano is moving headed. the testing phase should be complete i had about 2014. has estimated cost of $43.8 million, with half of its fund coming from, the department of energy of course. >>> marathon petroleum is buying an infamous refinery, we were talking about this, from bp. marathon will pay a base price of $598 million for the texas city oil refinery. you remember that name because there was a big explosion at the plant in 2005 and it killed 15 workers. the purchase price is reportedly well below the amount bp was aiming for. >>> oil prices slid on global demand fears as the world bank cut its economic growth estimates for china and the asian continent. crude settled down 89.33 a barrel. look at that under 90 bucks. >>> iran launch as major crack down to control its currency crisis. its off shore oil platforms reportedly being hit by cyber attacks. is this the beginning of the end for that regime? we have details on that coming up next. >>> plus hugo chavez wins re-election. a clam down on venezuelan oil production could be around the corner. is the u.s. to blame? we'll explain all of that. m.o. "money" coming up ♪ [ male announr ] how do you

the department of energy wouldn't comment on these investigation other than to say they are cooperatingly. megyn: lou dobbs joins us on another story getting a lot of attention as the gross domestic product numbers show 2% growth. there is a story lynn that story and it concerns how much government spending went into that 2%. must see, lou dobbs next. new concerns about government handling of the b.p. oil spill relief finds. environmental activists could be reaping the benefits instead of those who had their homes and businesses affected by the devastating spill. >> there are places they normally caught fish and they can't catch one. my diabetes is part of my life, between taking insulin and testing mylood sugar... is this part of your life? freestyle lite test strips? why, are they any... beep! wow, that hardly needs any blood! yeah... and the unique zipwik tab targets the blood and pulls it in. so easy. freestyle lite needs just a third the blood of onetouch ultra. really? yep, which is great for people who use insulin and test a lot. max and i are gonna run out and get them right now

that is a signal of a broader commitment to lead to shape the global energy future. six members of the state departmentnergy team are graduates of georgetown university. they are here today as well. thank you georgetown. [applause] that is the shameless bit to [laughter] -- pitch. we are working with the department of energy to help shape domestic energy policies around the road. of the energy department is at the cutting edge of innovation with a great deal of expertise. the stronger the domestic energy policies to deliver technical help the battery are as a government the role the state department plays to chart a path to stability and prosperity and peace. the meese speak briefly of the global energy strategy. with the geopolitics of energy we are focused on energy diplomacy. it is related to issues of the headlines. you may have read of territorial claims. there are a significant quantities of gas resources of fast-growing energy needs. and you can see why this situation becomes tense. to adopt the clear code of conduct to manage your resources without conflict. some is focused on the arctic a fron