if you go to ferc, they publish in advance their draft bill, so you know, i know what it is, and that's what they're voting on. and i think the fcc can adopt these processes and procedures as well. the second thing we do is adopt the sunshine act that allows the commissioners to get together and talk about issues and not violate public meetings laws. >> host: related to the fcc, i know members of the energy and commerce committee have asked for documented related to lightsquared. fest, has the agency turned over those dong units? >> guest: -- documents? >> guest: no. >> host: secondly, are you willing to share that with senator grassley? any reason to why the fcc hasn't provided the documents? >> guest: we're in discussion with them, and i don't think that's going to be a problem. i think they will cooperate. they have no reason not to because i chair the subcommittee of jurisdiction, and we can invite them up under various ways, and we can ask for documents under various ways including a subpoena which we have no need to do, i think. we'll get the documents, we'll do through our proces

spinnaker think there is a role for nerc and ferc to be talking and have access to the critical information so nsa or the other agencies see something coming the of a direct line of communication that instant and there is an ability to have that flow of information. the other thing you run into is not to violate antitrust rules or some of the other rules that normally would apply if you are sharing information back-and-forth you may have privacy issues there as well so we have to be thoughtful about what steps the commission from happening. what are the best practices. the process that just came out in the report summed up well in terms of the rest of the internet to reverse bernanke mentioned privacy. what should the balance between information sharing and privacy, how you take care of the groups like the aclu to the bills right now don't do enough to protect the average american. >> that is the challenge we face i don't know that we have it all tied together clearly that there is a fine line between mauney private information. i think the notion of employers can demand passwords. really,

>> guest: i think there's a role for nerc and ferc to be talking. and again, for then think you have this access to critical information, and is there some of the other agencies see something coming, they have a direct line of communications, and there's a build to have the global information grid the other thing you run into is not to violate antitrust rules are some of the other rules that normally would apply if you're sharing information back and forth. give me have some privacy issues there. so we have to be thoughtful about what stops vacuum indication from happening. what are the best practices. and the process to just about summed up well in terms of the rest of the internet, and i think that's a good model. >> you mention privacy. what you do balance be between information sharing and privacy? how'd you take care of the concerns of groups like aclu that's a summit of those out there don't do enough to predict the average american. >> guest: that is the challenge we face. i do know that we have it all sorted out yet clearly. but it is this f

the continued to study and have continued experiments which could be useful if you are ferc simple designing a critical nuclear device. the hid and during experiments with high explosives which are also essential for the nuclear weapon research if he would pursue that route. iran has explained - and acknowledged this kind of research is going on. if you go to the reports in spurring, 2008, it's there but saying that these are conventional including lots of civilian applications in the rea ea before then asked what are the civilian applications where you need microsecond timing for your explosions that you have simultaneous explosions unfortunately iran was not able to answer this question and said that they are military secrets and they cannot disclose them what i have a hard time understanding why you cannot disclose the experience. maybe the argument is the military people who do this sort of thing. what is the lesson we learn from here? that is more tricky but it's important. first of all it is to do with that access rights in a state. if they see this kind of experiment which appears to

like ferc, the sec, fdic and authorize the collection of user fees to offset the cost of their operations. in order to decrease prices immediately i and several of my colleagues have asked the president to release some oil from the strategic petroleum reserve. right now the petroleum reserve holds 696 million barrels and it is filled to more than 95% of its capacity. and as president on both sides of the aisle who can attest even releasing a small amount of oil from the reserve could have a huge impact on the price of gas and help to discourage speculation. today, i hope we can discuss the best ways to continue moving forward against excessive speculation. last month president obama reconstituted the oil and gas price working group to investigate manipulation in the oil and gas markets. what should this working group be doing to make a difference and do the current market conditions warrant the use of the cftc's emergency authority to set margins and position limits? the cftc has had this authority from the beginning of its existence but has refrained from getting involved since 1980. tho