the department of energy is working in other ways. first, when there are issues having to do with ip generated by the department of energy, we are looking at what means we have to say if you support our star company or research, what are the means we have at our disposal to make sure it doesn't go to the highest bidder, and just wh just what are those means? >> i'll tell you one example. we supported some research by a company that was based in america on manufacturing of improving the manufactureability to drive the cost down. given what was happening in china, they weren't going to get out of this business and we were taking steps to make sure the i.p. generated by american taxpayers would have control, that, again, it doesn't migrate. >> so it did migrate? what's the reference to china? we know that china is aggressive in this area, but if we made, and you gave this example yourself, if we made this substantial investment, what did we do to protect that property? >> what we do is we look at the legal means we have of making sure --

at the energy department? leslie marshall is a syndicated radio talk show host, and lars larson is a syndicated radio host. okay, panel, thank you both so much for being here. the post has a comprehensive piece talking about how, for example, the department provided $2.4 billion in public funding to clean energy companies that were, at which this guy, sanjay, used to work. now, why do we care that he used to work at companies that got $2.4 billion in taxpayer monies? because that guy was tapped by the energy department to be their consultant on green energy investment so, you know, what did sanjay apparently say? it look like he said, hey, consider my former company, they'd be a great investment, and now the post is raising questions about the propriety of that, lars. should it be? >> hey, they should be, absolutely. the whole thing sounds like dirty dealing at the white house to get the clean energy that's turning out not to be all that clean.

. >>> we'll have more on energy with the department of energy which you. we want to tell you about our prime time. starting 8:00 eastern c-span todd family brothers and sisters of first laid mary todd lincoln beginning at 8:00 eastern on c-span3. coming up live this weekend on our companion network c-span national governor association 2012 meeting in our nation's capital. coverage under way 10:00 a.m. eastern tomorrow with an opening news conference and later discussions on economies. our coverage will continue sunday on education and childhood hunger as well as homeland security and role of the national guard. live coverage of the annual governor's winter meeting this weekend on c-span. at the 1968 olympic games john carlos and tommy smith raised their fist in the black power salute. >> they said black power. they intimidated so many people, white people in particular by using that phrase, black power. because when they use that word or that phrase plaque power, it made many people think black power meant destruction, blowing up the statue of liberty or g

the department of energy is working in a number of ways. when there are issues having to do with i.t. generated by the department of energy we look at what means we have. if you start a company or research that -- what are the means we have at our disposal to make sure it doesn't go to the highest bidder and what are those -- for example, i will tell you one example. we supported some research done by company based in america on manufacturing of improving manufacturing to drive costs down. it was a successful program. given what was happening in china than they were going to get out of this business and we were taking steps to make sure the ip generated by american taxpayers would have control. >> so it did migrate? >> if we -- [talking over each other] >> what is the reference to china? if we made and you gave this example yourself, if we made a substantial investment what did we do to protect -- >> what we do is we look at the legal means we have and told by my people when i learned about this that if intellectual property is sold somewher

there are many quotes out there, not from the department of energy, but from others. this one from fred julander, a member of the american petroleum council, and he said the department of energy was there with research funding when nonetheless was interested and today we're reaping all the benefits. early r&d in tight gas, shales, and methane helped to catalyze the developments of technologies we're applying today. so actually beginning in the mid'70s, when we began to fund this, there was a coordinated program beginning in 1978, and here on those redd bars, you see the department of energy funding. we stopped in 1992. in 1991, schlumberger picked up hydraulic fracturing and drilling. so it was being handed off to industry. and as industry began to realize that, hey, maybe there's something in this, you see the increase the tight gas, the increase in methane, and especially see the increase in shale gas. so it was that department of energy funding that led the way. our budget calls in modest amounts for funding not in shale gas, that's now an established technology, bu

step towards a national energy policy that invests in critical energy priorities within a framework of a sustainable fiscal policy. the department of energy's budget for the committee today supports a range of cutting-edge technologies that will enable us to lead in the global race for clean energy. increased investment in high performance computing and basic science will increase understanding and spur new energy technology development, continued investments and support high risk informational projects helping them to mature and attract nongovernmental funding. support for solar and wind and geothermal and biomass energy will develop our portfolio of available energy sources and enable a transition to cleaner technologies and meanwhile funding for research on carbon capture and sequestration and methane gas hydrates and minimization will allow us to use fossil resources in a responsible way. this budget provides funding to address critical grid monitoring issues through a new electricity systems innovation hub and significant funding increases for advanced energy-efficient manufacturing. this holds a promise of providing jobs f

chairman. >>> president obama proposed just over $27 billion for the energy department for next year. it's about 3% more and includes more money for clean energy research and development. the proposed budget cuts tax subsidies for oil, gas, and other fossil fuel producers. the overall budget for next year is proposed at $3.8 trillion in total spending. reducing the debt of projected $3 trillion. discretionary spending goes down 3% but overall spending increases mainly due to growth in the government's major health benefit programs. the president's budget is a recommendation for congress when it passes spending for the upcoming fiscal year. >> testimony on the president's 2013 budget request continues this afternoon as treasury secretary tim geithner returns to capitol hill to explain it. he's going before the house budget committee. live coverage begins at about 2:00 p.m. eastern. in 1966, jewel yn bond was prevented from taking his elected seat in the georgia state house after state representatives voted 184-12 not to seat him due to a stance against the vietnam war. his appeal went

. >>> now officials from the agriculture and energy departments discuss local food sustainability and renewable energy. among the speakers, agriculture secretary tom vilsack and new jersey representative frank pallone. this is an hour, ten minutes. i just want to tell you that i think we're very, very honored today to have the secretary of agriculture. i was speaking to him a few moments ago, and he was mayor for five years of pleasant, iowa, i believe it was -- mount pleasant, iowa. i think once you're mayor, you're always a mayor. you know, you kind of go around cities and you're looking at streets and you're looking at stores and residential neighborhoods and all that. but so he is now secretary of agriculture. and they gave me a little bit of literature. i just want to read one thing. i want to turn it over to him so he can make remarks. and then i want this to be a dialogue to where we have a little bit of a question and answer and talk to him about some of the things that we're doing. but one thing in particular is that he entered into a partnership with the department of energy

of energy -- first, i think that was an excellent report. second, it's our view in the department of energy that if you look amendment the assets of the u.s. government, particularly thinking of usgs and the department of energy, and the intent is can we help drive the technology development forward to help with the environmentally responsible fracking so that the risks, you can still continue to mitigate any potential risks to water tables and environmental impacts. so the tenor of that report and the attitude we have in the department of energy is exactly that, that in helping with the technology, there are rapid advances in seismic technologies that tell companies exactly what is happening in fracking. there's a lot of recommendations. we can have a coordinating role to help as information clearinghouses so industries can share best practices with each other. so the intent is -- of that fund was not another study to look around. the intent is, as we helped bp stop an oil leak in the gulf of mexico, the intent is actually to work with industry, to help improve practices when and

the energy department and it used to be called the nuclear energy agency it evolved out of this agency that started it way way back when shakespeare was still writing his plays and it was. designed around the idea that nuclear weapons and nuclear power are a new kettle of fish and we need a new department to handle them it has strayed from its mission since jimmy carter created the department of energy in the seventy's and now it's you know a let's not even the majority of the budget now goes to what we supposed to go to to the safety of our nuclear stockpile and making sure that nukes don't explode or get into the wrong hands or any of that kind of stuff and to make sure that nuclear power plants are safe it only it doesn't even spend half of its budget on that the rest of it is for this other stuff some of it's legitimate some of it is remediation of toxic zones but other stuff is just the subsidies that are going to go to more so windrows and more beacon powers and all the rest of them that are piling up like fish. on a fishing expedition and if not of course just the government tha

and so what we believe we have in the department of energy, and it's also work ving very closel with the usgs, we have a lot of expertise in how fluid moves in rock, and how do you develop it so that we can help industry know what is happening and develop this resource in an environmentally responsible way. >> how much time are we talking? the president, in his state of the eunion address, said the government has been investing in shale refraction research in the last 40 years. how much more do we need to study it? >> what the president was referring to in that case was from about 1978 to '92, the department of energy invested in horizontal drilling and hydraulic manufacturing at a time when industry wasn't really interested in that. when industry began to pick it up in a real way, the u.s. government had gotten out of debt. since that time, and it's been the story that then the development of shale gas and shale oil has been quite remarkable in the last half dozen years. but there are also -- there's active environmental concern, there are reports on emissions, things of that nature

secretary steven chu testified on capitol hill about the energy department budget but getting some toughuestions about the solendra program. >> whether it's a republican administration or a democrat administration there have been a number of embarrassing moments where winners and losers have been selected on the basis of not doing basic research, which i think is a function of government, but in transferring that research to a specific industry, specific company. and it's embarrassing to you, it's embarrassing to the president, it's embarrassing to congress, it's embarrassing in the way in which money is allocated. talk a little bit about how we can avoid -- and the problem is that the political gets involved. and then there are headlines and there's allegations of crony capitalism and favoring one company over another for political reasons, accompanied with well maybe this is the, you know, maybe this is the future and we ought to invest this money. i know your department has taken some second looks at some of the proposed loan guarantees and one of those is a letter we sent to you and

because that guy was tapped by the energy department to be their consultant on green energy investment you know, what did sanjay apparently say? it look like he said, hey, consider my former company, they'd be a great investment, and now the post is raising questions about the propriety of that, lars. should it be? >> hey, they should be, absolutely. the whole thing sounds like dirty dealing at the white house to get the clean energy that's turning out not to be all that clean. bad investments like solyndra that go bankrupt and take down a half a billion dollars of the taxpayer money. this sounds like the obama administration, the one that came into office saying we're going to show you everything, we're going to be transparent, and what really kills me is the deafening silence from folks like leslie marshall. remember the whole crowd that was complaining about dick cheney and halliburton and all the supposed ties between the white house and energy? now all of a sudden we've got a white house that's actually peddling energy to their political friends, and there's a deafening silence fr

your technical advice, again, the department of energy. this administration's department of energy, the report i cited said that the keystone pipeline will lower gas prices, not may, but will lower gas prices, east coast, gulf coast, and in the midwest. in addition the report also says that it concludes that the pad 3 refiners, will likely consume additional can iddian oil sands well in excess of what would be provided by keystone xl pipeline. the reason i cite this is because some of have we'll bring it in from canada and then export it somewhere else. but your own experts have said that it will be used here, and we're going to need more. not less. so it won't be exported. on your technical advice you said the department of energy will reduce prices and it will be used here, not exported. i appreciate your technical advice. i compliment you for it. second, private sector investment. this is a $7 billion private sector investment. again i go back and say given that it would bring us more crude which we otherwise have to get from the middle

your technical advice, again, the department of energy. this administration's department of energy the report i sided said that the keystone pipeline will lower gas it will lower gas prices, east coast, gulf coast and midwest. it includes the gulf coast refineries will likely consume additional canadian oil sands well in excess of what would be provided by keystone xl pipeline. again your experts. the reason i cite this is some have said we'll bring it in from canada and then export it somewhere else. your own exports have said it will be used here and we're going to need more, not less. so it won't be exported. so again on your technical advice you said the department of energy that will reduce prices and it will be used here, not exported. your expert. i appreciate your technical advice. i think it's very good. i compliment you for it and thank you for it. private sector investment, this is a $7 billion private secretary iron vestment, not one penny of government spending. again i say given it would bring us more crude which we otherwise

and energy department says it leads to a four-tenths of a percent drop of the gross domestic product. and terry connelly says it creates a domino affect. >> so what happens? we've had a nice run nupt stock market, you can see analysts down grading and saying you're not going to be making as much money in the second quarter because of the gas prices. that affects peoples' 401(k)'s. >> they're predicting prices can hit $5 a gallon. and iran blocked oil shipment autos i can see that affecting maybe the road trip here and there. >> so you can work around the budget? >> yes. >> exactly. >> consumers are in a rogs to cut back on gas consumption that increase odds of a double dip recession, cocoa cutting back on other goods in order to pay for higher prices at the pump. >> and there is a chunk of what we may for gas is taxes. the federal government tax on 18.5% per gallon is adding more. california is the more than 64 cents per gallon. nork is close behind as oil-rich alaska has lowest gasoline tax. >> tonight police are being tight lipped about the investigation into an officer-involved sho

manufacturer received half a billion dollars in the u.s., loan guarantees, cutting jobs, in the energy department. >>> shocking video for you this morning, out of australia. this is a stroller rolling onto the train tracks and a mother dives in to save her child. the mom jumps down the tracks before the next train arrives. the 5-month-old was the third involved in a similar tram incident at train stations in the past year. the babies escaped unharmed. the vast majority of the stations slope the wrong way. new stations are built with platforms facing away from the track. >>> news around the world, soldiers clash with supporters striking police in salvador. they fired tear gas at police officers trying to join colleagues occupying the legislator building. a third of the state's 30,000 police force are on strike, upset over low pay and poor benefits. u.s. embassy issued an alert warning. >>> captain of the cruise ship should find out by thursday if he will remain under house arrest. lawyers asked the italian court to release him pending an investigation. he should face charges of manslaughter and ab

china propped up by huge government subsidies, a violation of international trade rules. >> the energy department more than $30 billion of subsidies to its industry and all u.s. subsidies amount to only about $1 billion. >> randy bishop says a trade war could be a disaster just as record numbers of american are turning to the sun for energy. >> we would significantly slow our growth if the solar panel costs were to get more expensive. >> a commerce department decision whether to levy new taxes on chinese panels is expected this summer. bill whitaker, cbs news, los angeles. >>> a little girl is home safe in kentucky after an ordeal her mother will never forget. take a look at this. the two-year-old had to be rescued tuesday night after she was trapped inside a game machine filled with stuffed toys. look at her. the machine has a chute big enough for the toddler to crawl in. she couldn't get back out. where is her mama? took lexington firefighters more than 20 minutes to cut the machine and no, you can't put two quarters in the machine and get her out. ha, ha, ha. >>> coming up after your local new

. >> the energy department has estimated that china grants more than $30 billion of subsidies to its industry and all u.s. subsidies amount to only about $1 billion. >> reporter: randy bishop says a trade war could be a disaster, just as record numbers of americanamericans are turning tn for energy. >> we would significantly slow our growth if solar panel costs were to get more expensive. >> reporter: a commerce department decision, whether to levy new taxes on chinese panels is expected this summer. bill whitaker, cbs news, los angeles. >> pelley: we'll have the latest on a shortage of cancer drugs for children. hundreds are killed in one of the worst prison fires in years. and a cinderella story from the hard court when the cbs evening news continues. protects you like allstate.ody on that mlt story we told you about on monday, the dwindling supply of life-saving cancer drugs for children. it's part of a larger shortage of cancer medications, and dr. jon lapook is here to tell us what happened since that first report. jon. >> reporter: scott there has been significant process in th

and house republicans investigating that half billion dollar sloan guarantee made by the energy departmentyou know, solyndra went belly up leaving taxpayers on the hook and this is not the first time the white house handed over documents in this case and lawmakers issued a subpoena for them. and our doug mcelway, what do the latest documents reveal if anything. >> they reveal that the energy department made a conditional loan in march of 2009. and months before the full loan was granted, but the white house maintains that was disclosed in earlier e-mails and show no evidence of any political pressure. republicans on the house energy and commerce committee remain convinced they are lending to the solyndra, reads in part. it's wrong for the white house to continue to charade, insisting that those advisors closest to the president were not involved in solyndra when documents clearly show otherwise, nearly west wing official in the orbit. carol browner, ron klain. valerie garrett and others, were all part of solyndra. and they had the layoff announcements to say and what role did the white hou

it's in the department of energy's budget. it was developed closely in concert with the experts about how much money can you spend in a year to get this under way and looking out year after year to actually deliver. if the single doesn't fund the budget as laid out in the report, the president will have to make a report to congress. >> for i could and i know we don't have time and i have tremendous respect for you and this is not meant to be disrespectful, i'm talking about the budget that was committed. the president did not ask for the very up ifs he committed to in the 1251 that was laid out. it was all part of this package that we worked so closely together on. it's a reneging of an agreement. i would ask the question if we are not going to modernize as was laid out, which we consider reducing and slowing the commitment since we are not living up to the modernization component that was so talked about in s detail with such commitment. >> senator, i don't think respectfully i agree with the premises. there is a 4.9% increas

and the energy department promptly turns around and gives his former firm $2.4 billion in public moneyd so it leaves the american people asking themselves, this kind of stinks. it sounds like a payoff, leslie. [laughter] >> you know what, megyn? i don't disagree that it doesn't sound good. but also let's look at specifics. the companies where the money were given are hertous in what they do. quite frankly, if you are in that industry and you have a candidate that says they're going to back what you're doing, you're going to back that candidate. you're certainly going to back that candidate for re-election once he is president. that's the bottom line. the goal here is the same. there are only so many companies doing this, and these are the companies that are doing it and doing it best. >> except there's a problem with your fine line -- >> not solyndra, lars, but these are companies that are creating jobs, these are companies -- tesla just opened a plant this year in fremont, second project and they promised a certain level of delivery to get that money. they didn't deliver. and they've

the department of energy was asked to review that project by the state department.ou're an expert -- your expert was asked to review the pipeline project and comment on it. i will quote from this report. "gasoline prices in all markets would decrease. " that was by your experts. department of energy, duke -- june 22, 2011. my question to you is your we have rising gas prices, putting a strain on our consumers businesses on the economy, and the administration turns down a project that would help us reduce gasoline prices. why is that? >> first i am not aware of this report. i can get back to you on that. it is my understanding the gasoline prices in the united states are affected by refining capacity is an access to those refiners. the biggest bottleneck was the bottleneck from oklahoma to houston. there was a very large price differential of crude in houston. that is being taken care of by a by the people who invest in pipelines. that is being taken care of as speak. there are numerous pipeline plans. one is being reversed so that refined products from houston and l

energy grants program. be so you see how cycle works. and you have a circumstance now where individuals who have worked in the department of energy, who have given money to certain entity are now moving back into the private sector and working for the very people that they had given and authored loans and grants to in the past. it's an enormous cycle of cronyism, and this would not be tolerated in any other sector of the economy except for the fact that we're supposed to feel good and positive because this is about alternative energy. it is cronyism, and pure cronyism and nothing else. so, i don't know, i don't know if i've depressed you, i don't know if i've bored you, i'm not sure what the term is. but should we really care about this? i mean, hasn't this always been the way the american economy has been? i would say, no. i would say, yes, cronyism has always been there, there have always been politicians who have enriched themselves, but the opportunities have become so much greater than they've ever been. there's so much more money at stake, there's so much more power, there's so many more opportunities to make money and to leverage yo

the department of energy was asked to review that project by the state department. you're an expert -- your expert was asked to review the pipeline project and comment on it. as to whether it would help reduce gas preeses in the united states. i will quote from this report. "gasoline prices in all markets would decrease." that was by your experts. department of energy, june 22, 2011. my question to you is your we have rising gas prices, putting a strain on our consumers, businesses, on the economy, and the administration turns down a project that would help us reduce gasoline prices. why is that? >> first, i am not aware of this report. i can get back to you on that. it is my understanding the gasoline prices in the united states are affected by refining capacity is an access to those refiners. the biggest bottleneck was the bottleneck from oklahoma to houston. there was a very large price differential of crude in houston. that is being taken care of by a by the people who invest in pipelines. that is being taken care of as speak. there are numerous pipeline plans.

steven chu recently testified before the senate energy and natural resources committee about the president's request which includes $27.2 billion for his department. we'll bring that to you at about 1:30 eastern this afternoon. and continuing to look at energy, live in about 15 minutes at the american enter prirz institute for an event at renewable energy, benefits and down sides. live at noon eastern right here on c-span3. meantime, we'll show awe portion of energy secretary chu's outlining the budget request for his department. we'll show you as much of this briefing we can before going live to the american enterprise institute. >>> okay. good afternoon, everyone. welcome, members of the press. and the media, i believe we have c-span online too. so hello to all of our viewers there. i am the deputy chief financial officer here at the department of energy. it's my pleasure to welcome you all to receive our presentation of our fiscal year 2013 budget request. i'm just going to run through ground rules here. we'll see from the secretary, hear from the secretary, run through a presentation. i will be available also to run through a presentation of

a report by the energy department for costs to show higher crude supplies adding pressure on all that was said government statements that consumer confidence is falling a business activity is tailing and the world's biggest criticism of us of course and let's see how the equities are getting on asian stocks are trading at flat supposedly if still with china's growth under the trade a spotlight after china's manufacturing industry has unexpectedly expanded last month while consumer confidence and business out to agree to close and yes i was saying trailed s. no so there's a mix of failing that that investors got to digest today and as you can say both the nikkei and the hang seng are up just have a society just a notch there. and it's now one hour ahead of the bell here in moscow there are some mock markets posted gains on cheese day the l.t.s. rose two percent while the mice aches and did more than one has said high. looking ahead to the coming days trade session then some monday from a criticize after strong will start to begin caution is the better part of the heart. of how to get r

a report by energy department forecasters say a high of crude supplies adding pressure on the oil it was a government statement that consumer confidence is for length and business activity is trailing in the world's biggest crude consumer. and now when move on to the equities asian stocks are trading for lots of all today with chinese guy under the traders spotlight according to hate just b.c. chinese manufacturing activity remained stuck in contraction in january up as the survey results adults with the official statistics which came manufacturing expanded in the first month of the both the hong kong's hang seng and japan's nikkei all adding a quarter of a percent just. two hours out of the me about hair in moscow the russian markets posted gains on tuesday the r.t.s. rise two percent on my sights and is more than one percent time looking ahead to the coming. concessions tom monday from thirty two says after a strong start to the year caution is the better part of valor. we find out how to get ready for russia next week so since we can so you know i would be quite cautious bearing t

a report by the energy department forecasts to show high out crude supply adding pressure on also government statements that consumer confidence is falling and business activity is killing in the mouth biggest crude consumer the u.s. of course. the chief that i had have not back warnings from iran that the decision to impose an embargo while the just skyrocketing all prices the organization thinks a fair price for a brand should be about one hundred dollars david the global threat of oil that injury industry research is plant says the worry is not so much crude prices will hit one hundred fifty dollars about but actually fall most of the people we talk to in the market don't expect oil to get anywhere near hundred fifty anytime soon are in fact the concern is really rather that oil will fall below that saudi arabia which of course has the greatest reserve of oil it can bring to market in the event of a disruption has made constant assurances that it's going to be able to fill any gap left by the iranians even if they attempt to close down the strait of hormuz which looks increasingly unlikel

a report by the energy department forecasts to show the higher crude supplies and in person on oil also government statements that consumer confidence is falling and business not to see is killing in the world's biggest clue consumer the u.s. of course positive figures for now and now on to the act is asian stocks are mates with china's growth under the trade a spotlight on reports of factory out to do so different results with official data showing a modest improvement while the private survey by hate just these sea revealed a slight fall so investors are dealing with those two results having to digest what's going on there because right now as you can see we've got gains and losses and both the nikkei and the hang sang a swinging saying positive and negative results here in moscow the markets are now. i have opened. lower the r.t.s. is dropping point seven percent mana my sex is losing just a notch that. lucky had to be coming at trade day on monday from a clue to says after a strong start to the year caution is the better part of our. new found of how to get ready for russian acting

a report by the energy department forecasts to show higher crude supplies i mean pressure on all are also government statements that consumer confidence is falling and business activity is cooling and the world's biggest crew can see in the film like the prices are indeed down as the move on to the exchange rate here is retreating just a notch. against the dollar of both the european and the u.s. currency is off higher against the russian ruble after seeing some losses in previous sessions and let's move on to the. asian stocks are mixed with china's growth under the trade a spotlight after two reports of factory up to two showed different results with official data showing a modest improvement while a private survey by hey just b c will dislike also investors having to do with digesting both pieces of information that for now may carry is are just not in the hang seng is down maybe half of the sun. i must go to the markets they opened up on the right and that's where they remain yes it is it is in one place while the my sex is a zero point six percent down by the moderation those al

the lowest price and all the weight that system on fuel is slipping in the us a report by the energy department for costs to show higher crude supplies adding pressure on all that was said government statements that consumer confidence is falling a business activity is tailing and the world's biggest criticism of the u.s. of course and let's see how the equities are getting on asian stocks are trading up for lots of positives still with china's growth under the trade a spotlight after china's manufacturing industry has unexpectedly expanded last month while consumer confidence and business out to reach to close and yes i was saying trial testimony so there's a mix of failing that that investors have got to digest today and as you can say both the nikkei and the hang signs are up just have a society just a notch there. and it's now one hour ahead of that in bell here in moscow there are some odd markets close to gains and cheese day b.l.t.'s rose two percent while the my six ended more than one has said high. looking ahead to the coming days trade session then some monday from a criticize after

some of it is spent on the nuclear weapons in the energy department. a certain percentage of the energy department budget. we have what is called the base budget. that is that some 500 something dollars billion. when they went to war they got paid extra. i do not want to denigrate that, because when people go to war, they are risking their lives and their health for the country and they deserve every protection we can give them. the overseas contingency account, with the wars with iraq and afghanistan, so the $693 billion is part, plus a separate out for the wars in afghanistan and iraq. that is one of the reasons things are going down. i would hope we would do it quicker job. host: this email from north carolina. what does mr. fragged think about complaints from small banks that say his legislation is crippling them with unnecessary paperwork and regulations? guest: that is wrong. i understand the fear. there was nothing in our legislation that adds to the workload of small banks. newt gingrich said the financial reform bill was crushing community ban

the fossil energy research and development program in your department has played an important role in improving existing technologies and inventing entirely new ones. your request for funding is cut for fossil energy, r and d is cut at 20%. $113 million cut. the request cuts advanced energy systems by 45 million, that's almost half. and it cuts cross cutting research to 19 million, which is 40%. in essence, on the one hand the epa is saying you can't build a new plant because you don't have the technology to burn coal the way we want it burned, and you're saying, but i'm not going to give you the money to find those ways to burn coal the way you would like. help me out here. am i confused? >> well, mr. congressman, i have to say that i am very much supportive of developing those technologies that you speak of that would develop -- be able to use gas and coal in a clean way. we believe that it is very important to develop those technologies not only in the united states but in partnership in the world. coal will be around for a long time and we recognize that. and to those -- i think c

i'd like to submit for the record a report from the department of energy but let me cut to the chase on this particular part of it. the department of energy says it concludes that exports of canadian oil sands from port arthur are unlikely. okay? so this is a department of energy statement. let's inject some truth. but then mr. markey says, well, heck, if it's unlikely, let's just go ahead and outlaw it anyway, no harm, no foul. well, there's an article today in the "national journal" in which it quotes jim baucus, head of wto, former democrat from florida, congressman, who says that all forms of protectionism are politically appealing, particularly in an election year. he then add you but there's recent action by the united states against china for a similar export restriction similar to this, of condition not allowing commodities. and we have said china has broken free trade laws with their system of export, taxes and quotas. he goes on to say we would be at risk of offending the same law that we are kind of going after china on if we attempted to do something as well. also michael