we have many, many people who are freearful of fracing. obviously we don't want to contaminate drinking water and have fracing by water sheds. that is a concern i have. on the other hand it has the potential to create many jobs in western new york as it has been in pennsylvania. i know that you had -- mr. gatt and mr. green had spoken with you about it with the study. i think the study is a good idea. i think we have to know what we're dealing with. i think it's important to wean ourselves off middle eastern oil and venezuelan oil, with countries that don't wish us well, but i do think the fracing is something that many people remain fearful of and we need to look at. i wish you well in your study and i hope we can have the results of that soon. finally i want to mention a topic that hasn't been mentioned. that is pcbs in schools. last february new york city embarked on a ten-year $700 million plan to replace all the old light in new york city schools overtime next decade. could you please explain epa's role in that mediation project and p

there's no way we can develop our vast natural gas resources without the use of fracing? >> that's right. the natural gas resources that the country has is in shale rock. fracing is the way to release the resources. it needs to be done safely and responsibly. but it needs to be done. >> i have one last question. not everything is cut in the budget. i said earlier, this request included important programs like the electronic manifest system. the current system of paper manifests is not as good as it should be. what is the purpose of the electronic system? >> to move to a paperless system. it's easier for record generation, retrieval, transparency of information. it's about $2 million in our budget. we think it would be a giant step forward and mindful of the times we're in. >> the cost is $2 million. did you receive that amount? and i know i'm out of time. >> none, sir. in '12, we did not. we're requesting it in '13. >> i have run out of time. the chairman and i have talked about things we can do. i look forward to working with you. >> i would like to recognize the gentlem

and in canada, a poll said 62% want a moratorium on fracing.u'll find out tonight on cnbc's "america's oil rush boom or bust" if that happened in north dakota, the oil well would go dry virtually overnight. you can see how likely that is to happen, and you can see for yourself if the north dakota oil shale should be lumped in with the gas fracing projects across the country. back to you. >> thanks, brian. >>> people for the ethical treatment of animals argued in san dag's federal court the 13th amendment gives five whales the same protection against slavery as it gives humans. >>> finally tonight, the numbers in, 111.3 million people watched the super bowl last night, making it the most watched in history. tomorrow the area around wall street will welcome the new york giants in a ticker tape parade along the canyon of heroes. some 200 fans welcomed the patriots back to gillette field today. larry, back to you. >> all right, mary, thank you very much. cnbc's mary thompson. next on kudlow, the most important nonpresidential election coming up in

, hydraulic fracing, can be done. john mentioned making sure it doesn't get into the groundwater and so on. the companies have been doing this for 50 or 60 years, they're good at it, have been dealing with issues, maybe some states need to work on that, but i think there is an enormous opportunity here. i don't, frankly, see that there is a huge disconnect here between what the communities want and what the industry wants when it's done in a safe -- in a way with the regulatory environment that requires them to do it in an appropriate way. so i think it's a great opportunity, and specific formal manufacturing, not just the extraction of the resources but for ohio it's great for us. >> it is -- i couldn't agree more. it is a great opportunity. it i. it is one of the places we talked about competition being so valuable, but also the collaboration and putting in the time spent with people creates a relationship and that creates trust. the big issue there, there are two marketing gurus in colorado saying it. we pushed the

, and fracing occurs when large amounts of sand and oil are put into wells to try to drill for oil. again, he was arrested today without filming with the required credentials. back in a moment on "washington today." >>> on afterward, a conversation with deborah skr bor scroggins going to talk about her latest book, "wanted women." and she talks about two muslim women here in the u.s. who have two distinctly different perspectives on the war on terror and fundamental islamists. one writes against islam for her writing and another educated here in the u.s. is a strong proponent of jihad. deborah scroggins discusses her book with ahmed from the brookings institutions. she is the author of "wanted women" this friday at 7:00 p.m. >>> welcome back to "washington today" here on c-span radio, and we welcome the listeners coast to coast on xm 719. we also have a live simulcast on c-spa c-span3. the extended tax cut is worth $1,000 for the typical worker, but it is bogged down in the negotiations of last fall and winter and it would require jobless benefits for millions bs but the question is

that is specifically to look at the effect of fracing on drinking water. anything we learn from the study. the first audience will be the states. they're really on front line of trying to protect their people and regulate the industries to keep them safe. >> given that you're in the middle of a study. a february article from the pittsburgh post-gazette, your agency is starting a large study that you had not previously acknowledged. according to the pain erks it said that you're in the initial stage of possibly enforcement action or actions. i'm concerned on a couple of things. you're in the middle of enforcement action but you have not yet completed a study. is there a statute that gives the epa authority to regulate oil and gas production or is it water? >> certain aspects of production are regulated under a number of statut statutes. the clean air act, the clean water act. spill prevention and containment regulation that are separate. there are a number of statutes. i can't comment on the validity. >> it's the water on site or air on site? >> the environ

. >> por mÁs que te dis fraces tienes rabos de cochino, oreja de cochino, eres cochino eres un cochino que trabaja para o globo, mÉdicos brasileÑos le habrÍan confirmado que estaba en proceso de propagar al estÓmago. >> tambiÉn asegura que su fuerte estado de salud se debe que chÁvez podrÍa estar utilizando esteroides, este experto dice que es muy posible y el tratamiento se utilice con frecuencia para los pacientes que padecen cÁncer. >> cuando se produje que buscan mejorar las condiciones del paciente, sÍntomas como dolor o dificultad respiratoria, la persona toma un aspecto de cara llena, ademÁs de algo anormal a la grasa. >> las declaraciones son congruen congruentes con el ex embajador de los estados unidos ante la oea, quiÉn escribiÓ que les preocupa que no llegue a las elecciones de octubre porque el cÁncer podrÍa estar avanzando mÁs rapido de lo previsto. >> chÁvez quiÉn dijo estar completamente curado de su enfermedad nunca ha dado detalles lo Único que se supo que lo operaron para extraordinariole un cÁncer conoc canceroso. >> despuÉs se sometiÓ a un proceso de quimioterapia.

miracle and the fracing revolution. they may pull down gas prices. is gasoline going to end this whole euphoric, positive picture, stop the economy and stop consumers and therefore stop stocks? >> it will not be gasoline. it will be copper. keep an eye on copper prices stay above $4 and that will put in a real couple of on the plans. it will be faster than they think. it is probably the commodity and the known commodity if you think about it for the housing industry and the preferred metal of choice for the high tech industry. bob, i'll give you last word on the dollar. >> some people have come on the show and correctly said if the dollar falls continuously, that will generate a spike of inflation and that, in turn, will knock stocks down. you get the last word. >> i totally agree that will be a problem. we don't need a weaker dollar. >> do you see that? >> i don't. the the yen strength, i can't figure that one out so i think the dollar is more likely than not to have some strength. >> favorite investment? >> u.s. equit

i think there are issues today we think of the fracing and operations and i think the industry is concernedthe easy oil to find and get out of the ground has been found and we have drilled for it and have produced it. the oil that's still there. again we think we have huge reserves still available to us. but it is deeper, it's in harder formations to get out and so the big issues coming up, the biggest things you'll see are increases in technology and finding ways to safely and personnel safety as well as environment safety to get this oil out of the ground and in a cost effective manner, but the technology's going to do that for us. >>> in may of 2011, historian richard norton smith led a ten-day bus tour from asheville, north carolina to austin, texas. the group stopped at several presidential and historic sites along the route. one of the stops was the sixth floor museum at daiy deeley pl dallas, texas. from the six floor southeast corner of this building lee harvey oswald shot president john f. kennedy in 1963. the curator talked about the museum and how the information on the assassina

fracing is controversial, and some question its impact on the environment.eves if done responsibly, it's safe. >> this new technology, with these large fracs, has increased both oil and gas production enormously. >> reporter: five years ago, drelg a well here would have been a waste of time because it would have produced virtually no oil. now with the benefit of new technologies, this one well is expected to produce as much as 100,000 barrels of oil over the next 20 years. eric potter does energy research at the university of texas. he says getting oil from shale is expensive. right now, the price of oil is up 40% since 2007, roughly $107 a barrel. this technology is only profitable if the price stays high. is there any chance this winds up being the crude version of the gold rush and then at some point the bottom drops out? >> well, all-- all rushes, whether they're gold rushes or oil rushes or boons, have a beginning and ultimately they have an end. so the question is what will the end be like? >> reporter: but moran, who use to head a major petroleum asso

what's happening is more licenses, deeper drilling, new production methods, shale and fracing which, of course, all means greater production, and that has raised the ability to get oil and gas out of the ground. that is what you're seeing in this. but unless the u.s. starts to work on the other side of the equation, and that is consumption, and i can hear some of your viewers starting to froth at the mouth as i say about this, but unless they deal with that, all that happens is production just gets used up and the prices stay high. >> we are a bit of a consumer nation, aren't we, richard quest? cnn international. thank you. appreciate it. >>> so many times over, the last year it seems, we have asked this precise question on cnn: who is this opposition? cnn's ivan watson went inside syria to learn more about the rebels, villageres with hunting weapons in some cases, many of them very much so afraid of showing their own faces, next. ♪ what started as a whisper every day, millions of people choose to do the right thing. there's an insurance company that does that, too. liberty mutual in

we have to make sure that the fracing doesn't result in kmem cals in the water tables that lines up creatingldren across the nation. assuming that there are environmental safeguards put in place then yes, natural gas will play a lrjer ro democrats are s t's keep the oil from the keystone pipeline in the united states. let's keep the natural gas in the united states. what the republicans are calling this now is the keystone export pipeline. they don't want any restrictions on the pipeline being built and the oil being sold to other countries and not to the united states. the same thing is true with how they view natural gas produced in the united states. let's just export it across the planet even though the department of energy has determined that there will be a 57% increase in the price of natural gas if we allow that to happen. and, so, their policy is essentially oil above all. not all of the above. it's whatever the oil industry wants and they want higher prices. right now the american petroleum institute does not want the reserve deployed because that will lower prices. they always opp

we see there's a big game changer, the fracing that's going on, we see a lot of new supply coming onerica. we could become energy independent within a decade. and i think that's what shell was talking about, is we have a lot -- because of technology, we have a lot of different things that could bring oil down. >> okay. today the best performing sector among them were the s&p technology shares. again, nasdaq leading the way there. you had electronic arms, qualcomm leading the sectors higher. among the worst performers, worst performing group, health care sector. but you had boston scientific, cigna, merck turned in disappointing earnings there. do you go with the leaders at this point, dean, or do you think the laggards would be a good value right now? >> it's on the big picture, and the big picture after spending a lot of time talking to fund managers this month is people are getting back into risk. the alternative, i.e., being treasuries as per ben bernanke's design is very, very painful, i think the vix is going down. folks are seeing the waters are a little calmer. people are gett

. >> with all this talk about fracing and all this talk about shale, you know, you still are not seeinghat impact prices. you're not seeing that impacting things at all in terms of the expectations that you've got more supply. >> that's really just a trickle in the scheme of things. >> okay. >> don't forget, the gulf of mexico has been declining because of the moratorium, and the absence of drilling. so the trickle of shale oil doesn't make up for the losses in the gulf of mexico, net-net, and a lot of what the government is counting as liquids produced, saying we're producing more, are really natural gas liquids, which do not turn into gasoline or diesel. >> okay. >> so there is a production upside, but it's not helping the gasoline or the diesel market. >> understood. john, good to have you on the program. thanks so much. >> thanks, maria. >> we appreciate you weighing in. we'll see you soon. >> bye. >> john hofmeister. the other business headlines tonight, yelp, the review site is set to go public. the company filed for an ipo that will price on march 1st. it will offer more than 7 m

right now the state is doing nothing about the practice called fracing and in fact doesn't even know's nbc bay area investigative unit reporter stephen stock with a preview of what he uncovered. >> reporter: steve craig and his partner moved to the remote countryside of monterey county for its beauty more than 30 years ago. they stayed for the lifestyle and now make a living off their 50 acres of land. >> to someone who farms or ranches out here, this is -- this is the center of the universe. >> reporter: but craig now believes that lifestyle has come under siege by a practice taking place underground. >> this site was injection fractured without disclosure to the county. >> reporter: fracking, also known as hydraulic fracturing, has been going on in this state for years. >> the state has been turning a blind eye to this and even after we basically came to them and presented them with information saying, listen, there is fracking here, they subsequently told us -- >> don't worry about it. >> don't worry about it. don't worry about it and we're not planning to do anything. >> stevens

today he's in oklahoma pushing hiydraulic fracing, pounding president obama and buttering up for super tuesday. >> you look at all the states on super tuesday, oklahoma as i said before is the bedrock of the republican party, the conservative movement in this country. >> you can hear directly from santorum right here on cnn, he will be speaking with john king on jk usa tonight at 6:00 p.m. eastern. >>> gay couples if washington state are probably hearing wedding bells right now. state lawmakers have approved a same-sex marriage bill making washington the seventh state to take such action. but it didn't happen without intense debate. the senate passed the measure last week, it now goes to the governor who promises to sign the bill. illinois could be the next state. three lawmakers have filed a measure that would eliminate the part of state law that explicitly prohibits gay marriage. >>> women in the u.s. military can expect new roles placing them even closer to the combat zone. the defense department said that possibility will occur when it opens up nearly 14,000 jobs to military women.

you have horizontal drilling, you have fracing that's going on, so contro petroleum, gigantic reservesded in 1900 by ed booz and james mckinsy, mckinsey and company and booz allen. he organized the united states government by fixing the navy. >> yes. >> they set up homeland security, now it's cyber security so half of their business everyone, is going by protecting our national networks from being attacked by others. >> ron i i'll put you off for a second because steve is savannah guthrie seeing something on the wires. >> 9:30 new york time. >> he's saying credit claims, where did it happen, adecisidit, will accept additional claims as collateral. peter is an expert. am i right? >> i don't know if he's expanding the collateral. >> expanding the collateral. you can bring more stuff with you to get collateral or get finance or get liquidity from the ecb's window. >> yep, so the european banks will find it easier to finance themselves. >> does that tell you that the next operation they're going to do is potentially be bigger than what they've already done? >> if there's a greek deal they