because president bush exempted fraccing from oversight. today's rules are a step in the right direction, but they don't go far enough and here is why. they only apply to federal lands, and because companies must disclose but 30 days after they already started frac-ing. a certain -- the concern is that you can't close the barn door after the horse has dumped toxic chemicals into it. so for more, i'm joined by he's a senior fellow and director of climate strategy at the center for american progress. dan, so glad to welcome you inside "the war room." >> thank you. it's an honor to be in the actual "war room." >> i know where everything happens. are you concerned about these new rules on fraccing? >> absolutely. the administration did something that no one else has done which is to require that companies report on the chemicals they use, but they are doing it as you said -- >> and that's good. >> that's good. but after they started using them. so there's no way to take a baseline measure in advance. second it's not clear that this information

recently frac folk sis another example of what the states are accomplishing by work together and with the stakeholders to address the issues that have arisen. frac focus was put together on very short -- on very short time frame bip the ground water protection council and the interstate oil and gas compact -- two organizations that represent the oil and gas producing states. as well as ground water protection council includes the drinking water program administrators as well. since that system went into effect last april, april of 2011, over 18,000 wells have been posted to that site, with full information about the chemical constituents of the frac fluids. the new rule in oklahoma is similar to rooms that have been adopted in six or seven other states. the rule will require the posting of the chemical information on hydraulic fracturing operations in oklahoma to the frac focus website. we're trying to make sure that information is available to the public. thank you very much. >> thank you. mr. mckey? >> thank you, mr. chairman. members of the committee. appreciate the opportunity to

geological survey after a thorough study has attributed this to disposal of frac return waste into ground disposal wells that's changed the geology in such a way as to increase that earthquake risk. i should point out the industry is moving to getting oil rather than gas out of the shale. the relative prices of the two and the largest oil reserves in shale are in the central valley of california and in the los angeles basin. >> we do have great differences of opinion as to where we're going with this. when i'm back home in western pennsylvania there's a great deal of concern about federal government again getting involved in areas where those people in those states don't really think they should be. why now? what's going on that all of a sudden the epa has to get involved in fracking. this isn't new. it's 60 years old. it's been going on for a long time. we're talking about eight times the empire state building one on top of the other it's that far below the surface. this isn't right at the surface. i get concerned about that. we hear about this new technology. i know there's great innova

they frac the daylights out of it. >> jimmy: yeah, yeah, yeah.aying fracking. >> jimmy: it's pretty good. it's a close thing. >> you're almost being naughty. >> jimmy: kids would love saying fracking, yeah. >> my kids are like, "fracking is really fracking bad, dad. isn't it?" [ laughter ] and i just look at them and i say, "i love you." >> jimmy: yeah, yeah, yeah, exactly. [ laughter ] >> it's the only time you can have your kids be that close to saying a swear word and be like, "i love you." >> jimmy: yeah, they don't like fracking. now, i just read today that you signed up for six more marvel movies? >> that's right. >> jimmy: as the hulk. congratulations, buddy. [ cheers and applause ] that's great. is there going to be even more hulk movies? >> that's my day job. >> jimmy: yeah, that's pretty great. that's great. is there going to be more hulk movies? >> i don't know. you know, they're a little nervous about -- they've done a couple now. >> jimmy: yeah. >> and they're a little nervous that maybe it's run its course. >> jimmy: no, i think you

what you are saying is where it comes from and how you generate it, tar sands and fraccing emit thath more co2? >> they are add on top of these conventional fossil fuels. and tar sangeds is worse because it takes a lot of work to get it out of the ground. it is dirtier and makes a lot of local pollution, but there is a limit on how much carbon we can put in the atmosphere and the convention oil and gas that's enough to get us up to the dangerous point, and so we can't burn these unconventional fossil fuels. >> give us the numbers, how far have we the last 20 years, and how far will we move in the next 20? >> with the ceo 2 -- >> yes co2 and then what that means in terms of clay mate change. >> co2 is now 393 parts per million. what we know is that is about as much as we can have in the atmosphere. some of that will be taken up by the ocean slowly over the next several decades, so if we begin to phase out our emissions, in the next few years begin to phase down our emissions, we would solve the problem, but on the contrary we are finding every fossil fuel we can think of and adding fa

we have actively traited ets all frac agency lehigher lead by flx up by more than half of a percent. that is tonight's market focus. >> tom: a political uncertainty in europe, job growth here, slow in china. this fuels bonds. lindsey bell is with us tonight. the yield on the ten year bond dropped today. does this represent a bubble in bond prices. >> -- the interest rates have declined. they went from 2.4% to below 2% today. the reason for that is bays european concerns reemerged. we heard from corporate america, and we got mixed economic data from the u.s. they're driving prices up come yields down. >> tom: we have seen this for a long time. better part of 30 years the bonds yields flowing from the double digit highs from the ea early 80s. a lot of folks are talking about a bond market bursting. not whether or not it happens but when does it happen. >> that's right. this isn't a new story. we have seen this over 30 years. over the past 30 years we saw interest rates on the ten year go from 15% down to nearly zero right now. so, the bond markett has really been able to return -- has

department of energy and the department of interior to do additional studies to ensure that hydraulic fraccing is done safely and responsibly. >> thank you. on the topic of emissions, is there a timeline for creating regulations for co2 emissions from existing power plants? >> so we just -- we just proposed a regulation to deal with co2 emissions from new power plants. so if you want to build a new power generation facility in this country under the clean air act, the existing authority under the law of the clean air act, we've proposed regulations for actually mandates maximum carbon emissions, i think, of 1,000 pounds per -- a million btus. no, kill watt -- that's bad. okay, 1,000. but it will come back to me in a second. but i think we should go through public comment on those as you might imagine. that's going to be -- these are our nation's first real standards to limit carbon pollution from energy generation. the largest sector in terms of energy -- in terms of greenhouse gas pollution in our country. and so we need to do them. we need to do them right. we're going to start -- i think we

they have issues in front of them like fraccing regulations where having a more trusting access-drivenionship with the obama administration will help them. you made a very sophisticated argument earlier in the show where you were talking about how companies with driven by shareholder interest. and exxon mobil is a pretty vivid and extreme example of that. their current chief executive said his favorite book is by ian rands. it is strange that our largest corporation headquartered in the united states would have such a free market ideology and really live almost in opposition to the state that gave birth to it. as you say compared to other large corporations they really are on one side of the divide pretty explicitly. steve, i wish we had more time because it is a fascinating book, a fascinating topic, and a bit frightening i must say. that's steve coll. coming up there is no one better at digging up digital dirt than the folks at buzzfeed. stay with us you are here on "the war room" only on current tv. -dad, why are you getting that? -that's my cereal. is there a prize in there? oh, th

furious publishing's in need of it pumped out like lawrence welk on crack or is a lawrence welk on the frac the other thing to note about this is yes cracking needs a higher price and two twenty eight has driven the price down so low that the conventional natural gas producers with real wells with real production are close and shutting those down but you can't just like ramp it up a ramp it down like that it's it causes chaos and this is what this article is pointing out is that they're expecting a massive price spike suddenly because we have it an oversupply now but all this fracking rigs they're down because it's not you can't make any money on that so no investor is now going to go into it but. goldman sachs the king paying player in the natural gas and oil market they are the bank that sets the price around the world so they know the natural gas market more than anything m.x. they just said to people essentially to sell natural gas what does that mean they're the buyer yeah they want to control this huge monopoly position they're totally disrupting of these markets and then they benefit

it seems as though this has not been a terribly frac house primary.re has been an unspoken rule of comedy, we need to be unified. let's be prepared tocoless is that what has driven all four of the candidates? >> absolutely. it energized the base. they all used the principal of unity. they all understand the steaks here. they all understand that unity is the only way we can beat scott walker. he has more money than god, this guy. he is going to outspend us maybe 20 to 1. the only way we can defeat him is through unity, voter contact, and get out to vote program. >> i see four issues -- again, i have been watching this from something of a distance but four issues that have emerged over the last year one is the selective bargaining issue. second the equal pay issue, third the criminal investigations although there is nothing yet tangible against him individually, and the economic policies that don't seem to be working. are they sort of in a mall gum that collectively create an argument against them. >> absolutely. there is not a lot of movement with folk

quit the little fric frac. >> i had no idea you were coming in >> i had no idea you were leaving >> ias going to send you an e- mail. >> well, that's okay. >> doc would you like to answer first >> i just want to say that athletic array of talent that i just witnessed, is one of the reasons why most guys who are athletes, don't get into sports. you know, that was terrible. seriously i was embarrassed. the mess i got to see in that, i am kind of glad you are leaving. >> all right here we go, question number one ready. >> what do we do just yell it? >> doc can answer first. >> know your. >> san francisco. >> okay ready. >> this could be embarrassing. >> question number one, alcatraz means what in spanish? dave feldman on the clock. >> pelican. >> doc you agree? >> no, he is the guy on the spot. okay. >> doc do you agree always a competition. >> no. >> you don't agree >> i don't agree with anything he says. >> b pelican. dave feldman is one for one. i've visited and doc served some time in alcatraz. >> no,. >> because he took someone across the state line >> i am not doing know your oppon

i saw the first frac job in 1952 at border, texas.d a failure. the chemicals that are going down, the companies, apache, a anadarco, they all put their frac recipe on their website. there's nothing they're putting underground that's going to hurt anybody. >> why don't you explain for people who are not familiar with fracking, what fracking is. >> well, the real -- what's happened, and the industry has done an unbelievable job. nobody ever says hats off to the oil and gas industry in america, they have done a great job. >> you don't hear that a whole lot, do you? >> what? >> you don't hear that a whole lot, do you? >> no! >> hats off. >> these guys are making too much money and polluting the deal, causing earthquakes and all these things are happening. stop them, stop them. get some more dirty oil from opec and help pay for both sides of the war. that's what we need to do. we need to look like idiots. here you are with a cleaner fuel, cheaper fuel. it's safe and available. what are we waiting on? >> all right. before we go to break, i'

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. >>> the anti-fraccing movement getting a star-studded performance in new york. work, but that's not what the restaining order read. but anyway. they are talking about there is a study out by the university of buffalo that said regulator in pennsylvania have improved the industry in the last several years, and prevent major environmental impacts. they said it is too simplistic and notes the tie with the industry. >> yeah, the epa is being a little kinky on it -- there is some poisonous stuff, but i wouldn't worry about it. >> alec baldwin's mother is hosting an event because he thinks the fraccers are ruthless little pigs. >> your sink is supposed to be on fire. it is normal. [ nbc "nightly news" theme ] >> and ellen degeneres will win the mark twain prize. >> hum. >> all right. john travolta's -- this case seems a -- he says his client is willing to settle for $250,000. >> huh. >> the first accuser got the date wrong -- >> settling for that amount of money seems like a shake down to me. >> yeah. a happy ending of a different kind. [ buzzer sounds ] >> there was