in the energy sector, i'm not an expert on what exxon shell or bp does in their traditional businesses. but in the electric sector, i'm not trying to stick to a talking point. you have rules and regulation, the capitol will flow there. and there are subsidies in the united states, a lot of folks think it is time to let it go. all subsidies think it must go. it is a relatively new industry. in the scheme of things in this country, we are talking about an industry that has made giant steps, but we must transition to a less carbon dependant infrastructure and you cannot do that on a dime and shift and pivot and have an alternative. it is less of an issue than coal is. it may be the bridge fuel and that which makes sense today. it is a cheap resource today. as you try to blend in that diversity and that comfort that you get, you will have to have some sort of subsidy to buy it. right now it is not standing itself in the near term. the question was whether the utility should invest in r and defendant. our experience is they do. we have commitments from three million producers over the last

, another giant, obviously disagrees, is shell an outlier? or exxon an outlier? >> i think the short answer is shell would be a global leader. they've been at it for decades that they can drop their expertise into and make a lot of money. frankly we can sell lng at a much higher price, so this is a pretty obvious business props if the vehicles are there and if the technology is there to make it happen. a big part of what we've had to do is bring everyone together and sea if this, then that, but the core of it is the technology and the developments that we've been able to make to demonstrate this works. some of that is just being able to go and see lng trucks operating in los angeles, have people talk and say, yeah, we can do the job, so getting that step down was the critical part. now it's a case of bringing everyone together, norfolk southern, burlington, csx and union pacific are four of the largest users of diesel fuel in the world. have has any of those customers said, look, we want this, or is this where you build the engine and they come? >> i think you sho

in the energy sector and i will constrain it to electricity, i'm not an expert on what exxon, shell or bp does hopefully outside of of the american match additional businesses. but in the electric sector if he can bring back to what i said before and i'm trying to stick to mike talking point, certainly of rouson collations. the capital will flow there in their subsidies in the united states also electricity. one is the production tax credit with when. a lot of folks think it's time to let it go. oil subsidies must leave. maybe, maybe we have got to that point is a country but of the same time it's a relatively new industry. the wind industry is about 10 years old and in the scheme of things and lectures in this country were talking about an industry that's over 100 years old has made a giant step in the last 30 to 50 years and now we want to transition from a less carbon dependent economy or a less carbon dependent infrastructure inside that sector. you cannot do that on a dime and shift and turn a pivot with the industry and suddenly have an alternative other than natural gas which is

exxon, largest oil company. uh-oh. i have one, two, three. jooint oil companies. bp and shell. royal dutch. ing to keep royal dutch. i like the yield. get rid of exxon and add a health care company. why not j & j? i just praised it. let's be consistent. and get rid of bp. we'll go into something like con-ed which we praised. con ed, jnj. lose a little bit of the yield but you pick up on the diversification. ♪ hallelujah >> now to avi in new york. >> caller: big chinatown boo-yah to you. a shout out to mott street. i have apple, new castle, kodiak oil and gas, at&t, netflix. >> interesting portfolio. we love chinatown. all right. real estate investment trust. that's actually a financial play. i don't really like those. i'll put it out there for the category of diversification. at&t, 52-week high. what's not to like. apple the greatest technology company of the age. kodiak, i saw an okay report. netflix. is that the same as apple? sn no. it's its own animal. it ain't kodiak. we have entertainment, oil, telco, tech. bingo! way to play the game. "mad money" is back after the break. [ male announ

all of the above that exxon and shell and bp want. and you know with wind and solar are on the exxon and bp list? they forgot to put it on their list. and it is going to be called an all of the above energy future. well, let me tell you something, the american people deserve a lot better. they really do have a real sense that america has to be the leader in these new energy technologies. and president obama has done his best, or else we wouldn't be at an 18-year high. by the way, there are more oil rigs drilling in the united states for oil today -- are you ready for this -- than all of the other countries in the world combined. barack obama, drill, baby, drill. you are doing the job. more oil rigs in the united states drilling in the united states than rest of the world combined. you will listen to the republicans, exxon, chevron and bp are reporting the largest profit. and what does exxon mobil and bp expect? they will expect to be a gag be applied out here on the floor so we cannot wind and solar or debate wind and solar and energy

here in baltimore you can get gas at the shell station onerousel street fore$3.19. exxon -- for 3.19. the exxon is the same price ayear ago we paid 3.70. the average price for a gallon of regular unleaded in maryland right now is 3.44 a gallon. let's look at what drivers are paying in other areas of the couple try. in baltimore regular unleaded averaging about 3.44 and in detroit about 3.74 a gallon and in tulsa oklahoma regular unleaded is averaging about 3.21. we are work to help you save money so remember you can fine the lowest gas -- find thelowest gas prices by going to abc2news.com/pump report and we will have several reports including some investigations. >>> today people living in penn north community will rally at saving the parkview recreation center. it's scheduled to be closed on center to make room for construction for more state of the art facilities. the rally is set for 3 and taking place on francis street. >>> we know who's going to be in charge of protecting us in baltimore city. a nationwide search is now onto replace commissioner fred bealefeld who re

-cents over the past three weeks but here in baltimore you can get gas at the shell on russell street for $3.19 and the exxon same price. a month ago it was $3.64, a year ago $3.706789 the highest price, both the exxons at the mall. have you to go to the casino, hit it and then pay for it. $3.79. find the cheapest prices on the website. there you will find several investigations as well as a link to the lowest prices again that's abc 2news.com/pump report are. >>> we all know that having thousands of dollars in credit card debt is a bad thing. >> and so is taking on thousands of dollars in new debt for a car you can't afford. john explains why some debt isn't bad. >> reporter: thinking of a loan for car, college or home? a new report says some fall are good debt but many more are considered bad debt. how do you know the difference? back in the prerecession days we shopped until we dropped debt was a good thing it. not anymore. a new report says debt is now a dirty word whether it's to much credit card debt or exploding problem of student loan debt. >> what do you think of student was $40,000 in loans? >> tha

if you want to hedge this thing, exxon's a -- >> you definitely hedge it with royal dutch shell whicher here. if you want to listen to a little bon jovi, slippery when wet put these guys on the map but holds up to the test of time. >> it does. >> you've often said to you -- >> you've never said that to me. i do understand your comment about, you know how it goes. >> we'll come right back. stay tuned. >>> want to get behind the wheel of your future? then it could be time to rebuild your portfolio. tonight i'm taking a look under the hood of two body shops. stick around and find out which one could be your ticket to a tune-up because "mad money" is coming up next. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. managing my diabetes is part of my life, between taking insulin and testing my blood sugar... is this part of your life? freestyle lite test str

difference here in baltimore at this gas station a shell station onerousel street. 3.19 -- on russell street, 3.19. the highest prices can be found at both exxon station a arundel mills mall where it was $3.79. if you want to find the cheapest gas prices head to abc2news.com/pump report. >>> stay with us this morning. a georgia pastor has a lot of explaining to do after allegations surfaced of child abuse. >> what he said to the congregation sunday and how parishioners are responding. also, what is at the heart of the allegations. >> the president's right hand man took a break from work. how he cooled down. you waking up to what's new in maryland. a live picture of downtown baltimore. we will be right back. [ female announcer ] with xfinity, you can always expect more. like more on demand shows and movies than ever. and more ways to discover them too. plus more speed from america's fastest internet provider. so you can run more devices at the same time. ♪ feel a firework [ female announcer ] and best of all, it keeps getting better. no wonder more people choose xfinity over any other provider. ♪ love can be so mystical ♪ >>> 4:44. and five thi

you can listen to a respected head of exxon mobil who recently wrote to me urging ratification of the treaty. or listen to the head of shell oil company which employs over 22,000 people in this country and strongly supports joining the law of the sea. marvin's unable to join us today, but he has submitted testimony for the record and his full testimony will be placed on the record as we read here in full. a short excerpt. marvin odom, if the united states were to become a party to the convention it could participate in the internationally recognized process for claiming its extended continental shelf and its rights over oil and gas which would provide legal certainty for accessing and developing those energy resources. without this clear claim our company would not find investment conditions favorable. so finally, we turn to manufacturing. as many of you know, rare earth minerals are critical to a large part of modern manufacturing rare earth minerals are an essential component of the defense systems, missile defense control technology and other weapons systems. it includes the breadth of the scope of rare earth minhial us

meeting at exxon, you'll find some of the sharpest black brains walking the earth and, hopefully, as they retire they will get cha weapon is neural bug -- entrepreneurial bug. they hired shellnd all of them, and we need to get them to the weapon is neural side. >> that's sort of the -- >> reachback. >> and in baseball it would be the farm system and, you know, hope any we're head anything the -- that's a fantastic question considering how many billions of our dollars are going boo that air. yes, sir. >> thank you very much. alfonso porter with examiner.com. like the congressman, i used to be a teacher and high school principal, but i didn't know going to afghanistan was an option for me. [laughter] >> it was for me. >> listen, i think it all starts and ends with education, and i think that we've talked a lot about that. the basics is that our kids are last in every standard or measure academically. you look at the s.a.t. data, you look at national analysis of standardized tests, you're going to find african-american children at the bottom. and in many cases they display an oppositional attitude towards learning where, essentially, dumbing down has become equivalent to keepi