three houses were so badly damaged exxon not them down. -- knocked them down. most sat empty. even after an accident, this could be a long shot. if you look at the polls, two thirds of americans do support the keystone pipeline, and that number hasn't budged. >> it really hasn't. >> it seems you are a minority. >> i think this is a topic in which people don't understand what it is, and it is always presented as we do this or we do nothing. that's absolutely not true. we are not going to run the society without energy. it is just a question of how we think about it. >> he says the biggest issue is how oil is recovered from the canadian countryside. 20% of the oil is mixed in sandy soil lying just beneath the surface. it is spun in centrifuges to separate the oil from the dirt. the remaining 80% is trapped hundreds of feet below solid rock. steam is injected to loosen the oil. it is pumped out. the thick tar like crude must then be mixed with chemicals to make it flow to the pipeline. this requires 70% more to extract than traditional oil. >> this is a gigantic mining operation

look at exxon. america's largest oil company, that is how much you make for production of a barrel of oil isn't in the gulf of mexico or the middle east. it is in germany. these fields have never seen modern technology. and in the russian supplies of energy, take many years to play out it is your responsibility. thank you very much. [applause] >> i am here to take any questions. >> coming around, thank you. >> how do you see the impact of international efforts on controlling global warming on the affects on the hydrocarbon fuel markets both gas and oil and will it change this overall picture? >> unfortunately it won't. let's take germany which is trying to be the world leader in green energy for the last five years, year over year the electricity costs increased 25% to the point that is not economic without government subsidies. as a result in manufacturing in germany, leading germany, and they have increased their dependence on former soviet oil by 52% over the last decade so you look at the number

exxon of course also on the rise. let's debate it right now. log on and vote. the winner in real time. >> i think this one is pretty easy. it goes up regardless of what crude does in my view. 3% dividend. 15 times next years numbers versus the s&p about 16 and a half. probably the best capitalized name in the sector. probably the one people will go to. active managers have to have some exposure to energy. if crude remains weak or volatile this is what they will cling to. like a beacon in the storm. if oil goes up they will also buy the stock. either way you have enough of a discount. underperformed by 18 percent. this is the type of stock -- >> talk for the whole 90 seconds you may win it. it's not that i don't like the stock. just that there are other opportunities. earnings is 17 times but maybe math is not your strong suit today. what i'm talking about is a stock where the stock price has come down 11% yet earnings down more than a third. it doesn't mean stocks are cheaper. if i'm going to play emergenner going to play maybe like an apache that's down 40% wh

now to say, hey. >> there could be a merger on the scale, not necessarily quite the same scale of exxon mobile chevron texaco. >> not just the little guys. there's two companies traditionally integrated where they got oil out of the ground refined and sold it like a marathon. hess. they've been forced by activists to split up and just focus on exploration and production with the falling price, they need to expand their portfolios. they'll have money to burn and go to the smaller names struggling right now. >> people say refinance the debt because interest rates are so low but if it's linked to falling oil prices there's nobody to do that deal. >> right. to bring it home to main street they don't have the fico score to refinance. >> that's a good way to put it. >> yeah they really don't. >> if i were to go out and buy companies on the idea some might be taken over apart from naming names which you did earlier, you'd look for what? >> you'd want to look for companies that have a decent amount of leverage that have a decent stock capitalization either use the stock to join up with somebody

this exxon's payout ratio is 37%. we have lots of coverage of it. they'll probably continue if we have other companies, they could increase dividends as opposed to eliminating them. liz: pick the ones that have the best chance of preserving the dividend. energy stocks, have you apache and bp moving higher, conco struggling down 1.5%. chevron, exxon mobil. good to see all of you. thank you very much. mike holland saying watch out, smaller names may have to cut dividends in oil land. >>> for more on intel, which mike has loved. the shares up slightly ahead of quarterly results after the bell. we want to let you know four things you need to look out for in intel's results, pc shipments, no the pc is not dead. apparently everybody started buying these things. we started to see the numbers look good, mike? >> definitely promised too early. liz: death of pc's are there. tablets, did they deliver on the promise? but i'm going spin it forward. first on fox business, we have stacy smith coming up, the cfo. what do you promise for 2015? and, of course, the se

chevron and exxon down. chevron down 4%. exxon down 2.9%.gan and goldman sachs each under pressure chopping more than 2%. energy dropped below 50 bucks. right now at 50.35. look at some of the energy names. schlumberger down 3.2%. polo loco. lululemon got an upgrade. three up arrows for you. stuart: if i were to say the market is coming back a little that is a minor exaggeration. it is down 230 instead of 260. let me bring you what i think is the more important financial story of the day. that is the price of oil. earlier today it touched 49.95. it is hovering right around $50 a barrel, first time we've seen that since 2009. the repercussions of this are extensive to say the least. then we have france. we always have france. it's got a 75% super tax on the rich which by the way is in its final weeks. cheryl casone is with us. gerard depar due, coming back home from russia? i didn't know they were ending this tax? >> it was supposed to be only two years and became gutted. french court took the large part of the it out. this is when you have a

chevron and exxon, both stocks today 1.5% drag on the overall picture. we could see hire growth if they weren't there. let's move on to the good news. this is where the story gets pretty interesting. if you look at the good news here fourth quarter earnings growth. instill brookshire. >> they're xwpd to add .3 of 1% to the 4.5%. take a look at this side here. gilliad and apple. both companies could contribute at least 1% each to the overall 4.5% earnings growth rate. 4.5% earnings growth. 2.1% of that number of the 4.5%. almost half of it is just two companies alone, and that's apple and that's gillead. those two stocks can be huge when it comes to earnings growth. >> i got to understand this. >> a half dozen and that the rest of them don't really matter at all. >> these two at the end here appear and gillead, the big drivers for upside preferred share growth, and what you did see, chevron and exxon. the biggest detractors in terms of the estimates for right now. we'll see if that plays out this earnings season. >> dominik, we will see. there's a lot rid

>> according to the texas railroad commission, xto energy a subsid riz subsidiary of exxon mobile, ownsll. asked mayor stokes about the increased confident. >> no beating around the bush. they are causing this activity. the more horizontal fracking and drilling we have the more problems the more waste water the more injected into the ground we're doing and it's opening fault lines that aren't open at the moment. >> in a prepared statement xto the company that owns this disposal well told "techknow" based on an analysis of the data to date, xl does not believe its well caused any of the seismic events. it's a sensitive issue. when the mayor took us to the area, a driver began taking pictures of us on a cell phone. residents of reno and azel are taking action. >> the quake started recently and it woke me up. i thought a 747 landed on my roof. >> at a round of hearings at the texas state capital, citizens voiced their complaints, the railroad is a state agency that regulates the gas and oil industry including drilling and disposal wells located throughout the state. >> how would you like i

they're going to start coming in ernest next week with exxon.ing for $1.34 down through more than $2 several months ago. final trade. >> mlp's coming back. energy partners in particular. eeq. >> i love that the security names have for a long time. i think fire ice bottomed. it's starting to move to the up side. >> i'm going to stay with biotech. looking at gilead for next week. >> i'm long cam newton. i like him very much. >> i think he is quite charming as well. i'll join you in that trade. that's it for us for "power lunch." i mean for "halftime report." "power lunch" begins right now. >> halftime is over. "power lunch" and the second half of the trading day start right now. >> michelle, thank you very much. these are the big three stocks investors are watching right now. visa rallying, helping the dow look much better than it really is. chevron suspending its buybacks. it's sinking on that sea of oil. and apple, soaring to all-time highs where analysts stand on these stocks right now. shake shack, way up on its debut, while fast casual chains

if oil finds a bottom then exxon might fall 4% to 5% these levels.e keeps coming down the limited down side target too optimist optimistic. next up is general electric. last year was so bad for ge stock that it is hard to believe 2015 can't be better. last year general electric moved down to finance in a major way and big on oil and gas. in other words it deemphasized stronger groups in the market. which solidifies as a major player in infrastructure particularly european infrastructure and energy spending. those are groups i suspect will have a bad time this year. i don't see ge getting slammed this year. i just don't see a lot of upside here. the stock probably does a lot of nothing while oil goes down. how about the second worst performer in the dow? chevron. i just like the way i say it. this is down 10.2% for 2014. chevron is a high quality oil company. in the end it's still an oil company at a time when oil is getting killed. with crude trading currently in the mid 40s i have to believe it is a year of pain for chevron. that means the stock wil

move on to exxon mobile. that plays to the energy play you mentioned a little bit earlier. what is your price target on this? it looks like it's ripe for the picking because it's been so beaten down. >> that's right. here we look for more than a double. this stock, we would not consider overvalued unless it was over $180. the product we sell, we have to use. no doubt about it. and the price in oil falls and most observers seem to believe it will continue falling, the seeds of eventual rise are being planted. you have market increasing and supplies falling. >> randall, your third choice is another company. i'm happy to say i know all three companies you're picking tonight. if either of the first two hurt me i can turn to the third one for ban aids. >> you wonder how we make money with these names. >> tell me about johnson and johnson and why you like them. $120 as the price target on it. >> that's right. similar to exxon, we have to use the product but here you have a growing market and that's ageing americans. despite all of our problems you notice i include myself there, i

. >>> all righty here, two robbers walk into an exxon gas station and attack the man behind the count are dragging him to the ground but who is behind those masks? i'll tell you what police know who they are and they are shocked. >>> i'm not, authorized to evacuate but this temperature seems pretty high. >> weatherman forecast goes out of control how he kept his cool on this kind of forecast. >> look at the temperature it is i have been dating the weekend for three years. >> how are things going. >> yes. >> still in love. >> yes. >> photo of the local college student who was found dead in the river is being used in an internet, advertising. >> this is reparticular lust and without permission of the family of, shane. you know image used in the same photo, 21 year-old shane montgomery, used in flyers posters, during a search for him, the ad for a best selling book has a appeared on a number of web sites, including yahoo and in a statement a spokesperson for predictable success, the company using the ads says the image might have been put together by, you know a content aggravator. how a

if you have to go into energy, exxon is the place you have to go with the oil company.ally stand out is their use of capital. a huge capital expenditure and the oilfield. they get the most free cash flow. i really do like exxon. stuart: i know that you do not like bp. >> bp is certainly in a void. if you look also at the pullback since june exxon was down 17% at that time, bp has been down 34%. their margins are 45% of 55% lower. they really are not running as efficient of a ship. i think that bp is one to avoid. stuart: margaret thatcher. john stossel on why she was right on virtual all matters of policy. ♪ nicole: the dow jones industrial average is up 282 points. yes, it is now positive for the year 2015. all 30 dow components are green. the best performance this year is merck. raising a dividend by 20%. that stock up 2%. aeropostale came out with their numbers. the holiday shopping was better than expected. apple. total billings. in 2013, they brought over 10 million. ♪ stuart: i want to play you a classic from the great margaret thatcher. >> the duty to get the bes

exxon increases its dividend every single year. so you're getting better yield than a 30-year treasury today in these stocks and many other stocks i might add. so you might be early but i think it is a good entry point for long-term investors. david: particularly when you look at schlumberger, it is down 4 1/2% today alone. if you want to buy low, now is a time to do it. guys, thank you very much. liz: hank, gary, anthony, mark sebastian, if i see you in a dark alley, cleveland browns comment. good to see all of you. david: he is a cubs fan. my heart goes out to him. facebook reporting moments ago, beating estimates. stock is not reacting a lot to all of this. is massive 40% run-up past year ready for a pause or so? do the numbers say that? liz: plus the fed appears to be in wait and see mode when it comes to pulling the trigger on rate hikes, at least until june. at what point will the fed be too late? are they putting us at risk by not acting? we have martin feldstein, former chairman of the council of economic advisors. david: i

exxon and chevron have been great performers on the dow jones industrial average.doing well. this on the same day. there was some talk of short coverings over the last 48 hours. they may see a slight increase in oil. that could also give it a boost. back to you. melissa: thank you very much. a top obamacare open show stepping down next month. she served at the u.s. center for medicare and medicaid for five years. last year she admitted to a calculation error. whoops. still feeling the fallout from the swiss franc. causing banks to lose tens of millions of dollars. deutsche bank alone lost $150 million yesterday. barclays lost up to $100 million. that is not good. twenty-five bore motels expected in the next decade neared also supposed to be female friendly with well lit vanities. song parodies make up to terry eales. president obama said to answer the tough question. from the celebrities of youtube. keep your head on a swivel, congress. the only real question-- more money up next. ♪ real estate in hong kong and the optics industry in germany? at t. rowe price we un

names like chevron exxon down., you see all the 30 stocks in the dow, -- all but 30 stocks in the dow lower. big names, denbury resources normal energy, down 9% or more right now. look at caterpillar. at its lowest level since january 2014. back to you. >> of course we will continue to follow what is going on on wall street this monday. it has been a whole market for tech stocks the past six years. the index has been up nearly to 70% since 2009. for those who remember the 2000 crash, they may be tempted to draw parallels to the.com bubble. "street smart" anchored trish regan joins me. you have a column in "usa today" on this very subject. >> yes, i do. it is hard to say how this will play out, but some may will see this -- but some may see this as an opportunity. remember back in 2000. i can remember. no matter where you wanted someone wanted to know what was the next big thing? and one of those was something called cmgi. it was the stock to have. i do not think anybody knew what the heck it actually did. all they

it does create opportunities. >> it's going to be an exciting name and exxon mobil, right?ex spending we have there. that was jarring news with chevron. hopefully created a bottom in the oil companies. >> technical support points, we talked about them, we're close to them. jobs will have to bail us out. >> the technicals are extremely important. we hit the exact double bottom yesterday. running 1980 on the s&p, if it breaks there, we have a couple percentage points. >> we want you to continue to watch the show every night, but really, really stay tuned next friday. if you live in orlando, florida, check it out. we're doing "making money" live from orlando, florida. tons of investment ideas and recommendations and more importantly answering your questions 6:00 p.m. eastern live in orlando here on the fox business network. and before we go, and before my voice goes, we've got to salute to an american success, we're talking about liberty tax service. this is a company, you know this name, hewitt, he helped so many people with taxes, began in 1997. 40 years in the business, sta

exxon, chevron are also going to be reporting.l, joining us with a rundown of these oil companies. >> it is going to be brutal for these guys. we have heard shell and conical phillips first losses since 2008. lubricant intelligence is looking for 30% drop in earnings for these guys. cash flow is king. you cannot escape the fact that you need a lot of money to drill a lot of oil to sell it. that is the overall issue. for every $10 decline in a barrel of oil, exxon loses about $2.84 billion from its cash flow. >> what about hedging out production? >> that is the thing, everyone gets really comfortable with 90 -- $90 to $100 oil. come next year, we will look at 16% of the big producers. you cannot hedge now at $50. the price ones of going higher than you of lock yourself in. if it goes lower, you lose even more money done the road. >> is there a silver lining? >> one potential one is lowering their own cost. it costs a lot of money to drill a well. you're looking upwards of 13000,004 a share -- $13 million for a share -- a shale oil

he bought about $3.7 billion worth of exxon stock.ously been pretty challenged here in this stretch. there are a number of other ways it has affected berkshire. >> let me ask you about the railroad and the idea, is it just conspiracy theorists who think warren buffett was one big man standing in the way of keystone heights wine? >> in a word, yes. but, what is super interesting about this and i get e-mails from readers all the time talking about this, what i find interesting is that he said publicly a number of times that he would support the pipeline. i think with the more interesting question is -- >> lisa is behind closed doors. >> that may be. what i think the more interesting point here is, when that pipeline gets filled, or if it gets filled, what will that do to the rail volumes going? it is an interesting question. it certainly remains to be seen what the answer is. >> what is the biggest hit? is it exxon? or is it the biggest problem because they make so much money shipping stuff? >> my comes down to dollars and cents, it is

exxon project is the curl project. the shell project is the quest project. in both cases they're bringing down the greenhouse gas emissions of the oil sands by investing in new technologies, in co-generation it carbon capture and storage. hundreds of millions, billions of dollars that's being invested along with the canadian government in carbon reduction technologies. not only does that reduce the carbon footprint of the oil sands but think about it. as that technology is developed what happens? it's adopted in other places. it's adopted here in this country. it might be adopted in places like china and other places around the world. so the advances they make in technology in reducing greenhouse gas emissions in reducing the footprint of this oil production and finding better ways, more cost effective, efficient ways, more environmentally friendly ways to produce that energy, that technology that is adopted around the world. in other words they're finding solutions to some of the concerns that are being raised on the environmental front by the very critics

beat exxon mobil's best quarterly profit by $4 billion.still, though, it felt like oil and gas companies are poor. they're just acting like it. in the united states, there have been five major pipeline spills or pipeline explosions just this month. what we just learned today about the biggest one of these spills is frickin' unbelievable. and that story is coming right up. stay with us. listen up... i'm reworking the menu. veggies you're cool... mayo, corn dogs...you are so out of here! ahh... the complete balanced nutrition of great tasting ensure. 24 vitamins and minerals. 9 grams of protein... with 30% less sugars than before. ensure, your #1 dr. recommended brand now introduces ensure active. muscle health. clear protein drink and high protein. targeted nutrition to feed your active life. ensure. take life in. >>> do you have excellent written and verbal communication skills? do you have individual initiative and ability to work effectively with diverse groups of people? are you adaptable to the northern plains climate? if you answered

david: like shell, exxon mobil, et cetera? >> precisely, precisely.decided this is too early to do bottom fishing. more bad news on the earnings front from the energy stocks. with regard to the retailers, we've seen, that good numbers out of walmart and costco for december. i think the retailers are going to be major beneficiaries going forward, especially the more value oriented retailers which are the ones we like the most right now. liz: good to see all of you, zack shepard, scott brown, mark treynor and mark sebastian. david: heading live to paris where peaceful vigils are planned for the weekend to remember those who lost their lives in the terrorist attacks and to stand in solidarity against these terror attacks. liz: the arc de triomphe. european stocks ending sharply as a result of the hostage situation in france. should investors stay away or bargains right now? we've got a panel to debate that. david: a jobs report, they look great on the overall, but dig deeper and a different story there. we're going to get the real scoop on the ground fro

clean up its public image after the exxon valdez oil spill.hree months later, the unabomber's reign of terror was suddenly overshadowed by a much more destructive blast. >> on the morning of april 19th we all get the call there's been a terrible bombing in oklahoma city. so we're really focused on this at this point, because everybody's going to be asking is this the unabomber. and we gave our best assessment then that we didn't think it was. because these are different personalities. these are different types of bombings. one is specific targeted, the other is a mass murder. >> any thought the unabomber was responsible for oklahoma city was quickly erased when timothy mcveigh was arrested two days after the blast. ted kaczynski, it seems, had his own agenda and his own timetable. >> when the oklahoma city bombing was happening, theodore kaczynski was already on a bus on his way to deliver the package for sending to his next victim. >> on april 24th, just five days after oklahoma city, a mail bomb killed gilbert murray. president of the califo

the exxons world dutches. their business model challenge because the days of finding easy cheap oil is over. now you have to drill in the middle of the ocean. you have to deal with mr. putin or into the arctic. so on one end of the oil business, you've had these massive multi-year projects that were really expensive. then on the other hand you had this explosion in supply in relatively cheap energy in north america. and on top of it you just added a ton of debt. because of take your pick. fed policy or whatever. and so that was a witch's brew that i think was really -- we talked i think a little bit before i got on set was sort of surprising that prices stayed up as long as they did. >> it's in the multinational. the ones that may go bankrupt are who? >> this energy spot is a place you have to look at each individual company. each has its own acreage, balance sheet. so you can overlay pricing and your assumptions on pricing but then you have to look at your cash flow statements and where they are. the most pro

so some of the biggest holdings of this vanguard fund is occidental murphy, exxon.n they're gowndown this much it drags the whole fund down with it. finally, just to calm everybody down a little, the s&p at historic high on december 29. just a few days ago. so this drop here, we're, what, 68 points to the down side. that's only 2.3%. i know it's not a good day for the markets. but let's bear in mind that we were at historic highs just last week. >> that's right. thank you, bob. always putting it in perspective for us. >> don't want anyone panicking. >> ty, up to you. >> fears about europe sending the euro currency to a nine year low today against the dollar. our senior economics reporter steefr liesman is at a major economics conference up in boston where europe is of course a big topic. but michelle caruso-cabrera is right here with us. and it looks like the eurozone debt crisis is being revived. greek stocks down more than 5%. italy the same. >> yep. so what is happening today is the following. reactions to two things. first, there was an article over the weekend

that was found in canada with exxon oil. they'll put it in refineryies and put it out for consumption in the u.s. it's cheap reliable, efficient and safe source of supply. the safest they can get. that's simply the reason for this pipeline and the benefits to the united states. >> i guess the point that you and the canadian government and the oil producers up in alberta are making is that this oil is going to be produced. for people who are concerned about the environmental impacts of oil sands is your argument one way or another we're squeezing all the oil we're going to squeeze out of alberta? >> everybody is there because this is a source of energy that the globe wants. it's going to be produced. i think canada is a very responsible country as a rule of law. human rights legislation and environmental legislation which will continue to improve relative to others around the world. and as i said, from the carbon perspective that's way blown out of proportion. the oil sands as it sits today producing 55 mega tons of co 2. tha

. >> worker at an exxon in north philadelphia is roughed up during a robbery. two robbers they were the women and when he tried to stop them, well, he was in for a brutal surprise. fox 29's dave schratwieser live in north philly where it all went down. dave unbelievable video. >> reporter: not something you see every day, lucy, here in philadelphia. two female suspects attacked beat and robbed a 62 year old employee here at this gas station convenience store. tonight he's talking to fox 29. he says while he's physically okay he's still shaken up by what happened. >> when these two women strolled through the parking lot of this exxon gas station on the 3100 block of broad street and then into this convenience store they weren't on a shopping trip. police say they came to rob the place. >> they say what are you doing here? took my stuff. >> very disturbing. you have two females involved in this situation like this something you normally don't see see. >> one woman grabbed the 62 store clerk punched him and to the ground noon a display case. she held him down. her

beat exxon mobil's best quarterly profit by $4 billion. still, though, it felt like oil and gas companies are poor. they're just acting like it. in the united states, there have been five major pipeline spills or pipeline explosions just this month. what we just learned today about the biggest one of these spills is frickin' unbelievable. and that story is coming right up. stay with us. >>> do you have excellent written and verbal communication skills? do you have individual initiative and ability to work effectively with diverse groups of people? are you adaptable to the northern plains climate? if you answered yes to all of those questions, then north dakota needs you. north dakota really, really needs you. this is a job listing for inspector for the smaller variety of pipelines that crisscross the state transferring oil and gas and saltwater and all other kinds of stuff related to drilling. there are 20,000 miles of what they call gathering pipelines, these smaller pipelines all across north dakota. 20,000 miles. they estimate there wil

it's the exxons and chevrons. it's realistic to believe the s&p can earn -- that's not a blow-out kind of number. it's up about 6% 7%. it puts the market about 16.3 times this year earnings. >> let's -- we're going to go to greece and michelle caruso car arabia who has breaking news about greece. >> s&p has cut russia to junk. once again, s&p cutting russia's credit rating to junk. this was entirely unexpected. they had warned they were going to reassess the country's credit worthiness considering the conditions that have been ongoing there as a result of the sanctions by the west against the country in retaliation for what we believe to be the intervention in ukraine militarily, which has heated up in recent days. this isn't necessarily because of what's happened in the last couple of days. s&p has a schedule for sovereign debt ratings, and we knew this was coming but definitely there are issues concerning liquidity because of the decline in the ruble that we've seen going on there as a result. remember ultimatel

we'll look it see if exxon hit a minus 2% -- actually 1.7%.the underperformance is coming from. the s&p is off half a percent. the nasdaq managed to stay positive. bolstered by better performance across the tech space. let's get to it with today's friday closing panel. joining me now jim le camp from ubs. evan newmark and cnbc's very own steve liesman. great to have you here. for more on the markets, jim levin that will and "fast money" trader steve grasso will join us off the floor in a second. jim, i will start with you. a rocky start to january. we've gone out on the lows of the session today. >> we started off rocky last year as well. the market didn't bottom out until the first week of february, we had an up year. we said this was going to be a more volatile year. it's about the currencies in the central banks. we knew there would be a lot of moves but look at all the moves in january. the swiss national bank canada russia, now the european central bank. it's a currency war and they're all in full bloom and that helps the dollar but it me

exxon mobil had to pay for the cleanup effort that followed and that's the kind of money they lose inill was over a study was conducted to assess the pipelines along the yellowstone river to see if others might be vulnerable to the same kind of rupture. that report mentioned another pipeline along the same river operated by bridger pipeline. a pipeline that crossed under the yellowstone river in eastern montana and the report said there was a "moderate risk that the pipeline would fail" in eastern montana. that was 2011. this was today. same pipeline described as a moderate risk to fail it failed. it happened saturday morning. a 12-inch pipeline that crosses under the poor beleaguered yellowstone river. the pipeline suffered a rupture on saturday. once it ruptured it pumped an hour. hundreds of barrels of oil from the pipeline spilled in the river. for context the 2011 spill dumped 60,000 gallons of oil in the yellowstone river. the estimates are not 60 but up to 50,000 gallons that are estimated to go in the river thus far. the cleanup efforts started over the weekend and continued t

it shall and exxon -- shell and exxon have multimillion our projects for carbon capture and storage. if we can develop that, that can be a played -- that can be applied. that is a you develop the technology. >> on the point of not just energy infrastructure but also the broader infrastructure area, we are hearing the president has made some announcements about infrastructure today. the vice president with the epa administrator at secretary of agriculture and the mayor of the district of columbia have an event today. what you think the federal -- is there anything you're looking to hear in terms of infrastructure that you think you might actually hear from the president in the state of the union address next week? >> what i would like to hear is that he will work with us. our number one focus is creating jobs and growing the economy making sure the all americans have an opportunity for a job. this first bill is about jobs. the key is that he starts working with us instead of one we have legislation that is supported on a bipartisan basis and that has overwhelming public support, the f

exxon, 58% in 2015. >> had a tough year. you think it's still going to do well?. >>> and david asman on the place for business fox. >>> a new year ringing in with new fine penalties and new mandates from the health care law, and the promise to lower insurance costs broken. the average family seeing their premiuming jump more than 25% the last five years. how about deductibles? they are up a whopping 53%. so with new health care laws, surprises kicking in will 2015 finally be the year americans rise up against it? hi, everybody. i'm david asman. happy new year. welcome to "forbes on fox." steve

>> exxon. 40%. they're paying tax. they're paying a hell of a lot of it. >> and in the end, this is more spending for more government. what does that do to hiring? >> brenda this is going to hurt hiring and it just boggles, this is we should accept the fact that this is right out of the obama playbook. it's, hey, let's get those mr. monopoly people out there with their top hat and tails living on yaugts, we're going take the money from them and spread it around because as we know that kind of policy has worked so well in the past with the stimulus and all the other taxes that obama has increased, but let's get back to the basics of why this is going to hurt. this is a capital gains tack. why do people have capital gains? because they invested in capital. entrepreneurs, small business, large corporations, invest in capital to grow their business. the reason they grow their business is to create jobs. if you take away the incentive for people to actually get a capital gains you take the incentive away from people and cor