another facebook user said fracking provides cheaper than oil, so i say frack baby frack. let's talk more about the effects of hydraulic fracturing and the effects it has on local and state economies. we have an economy that serve as chair of the university of new mexico economic department. >> it's not a simple yes or no which because there are great economic advantages. you need to look no further than north dakota and the it's unemployment rates plummeting. but the fact of the matter is any time you have anything going on with fracking, with the production of oil and gas there are basically concerns about problems that can arise. it really comes down to not necessarily is fracking, are the problems going to outweigh the economics, but how safe is it. >> and representative of th of e petroleum industry said they will make it safer. but the oil companies could have figured it out years ago. they just didn't bother. >> i think there were safety measures that could have been taken. when you hear someone say that we'll figure it out as we go along, that's not large comfort t

fracking. >> the oklahoma city thunder. that is a very sensitive topic in this town, russell. >> 18 in a row, something like that. >> 18 or 19. >> we had 20 some game losing streak. difficult to read about that. >> are we all said? welcome one and all. it is my distinct pleasure to be the moderator today for our conversation with russell gold who is the senior energy reporter for "the wall street journal" based in austin, texas. important for me and i hope important for all of you this is something of a homecoming because russell gold was a young reporter at the philadelphia inquirer in and 90s and in 1996 when i was editor of the san antonio express news we hired russell and he came to san antonio and had a wonderful three four year run as a reporter, met his wife and got married and worked in the capital bureau in austin before moving on to the major leagues and the big time and he has written a terrific book about fracking, "the boom". i have seen four five books on the subject and none kept my attention until this one.

what they want is a total ban on fracking. and that's been an incredible movement that i have been watching take place over the last six years in new york and peninsula, and wyoming and texas, all over the country and the world in response to this invasive toxic pros. >> the movement came from shareholders, but also a group that banded together and asked did it help to come from within. outside pressure, but the inside internal pressure, >> what i am seeing in the field is devastation of people. water being contaminated, air populated. the fabric of their lives ripped apart. the community being overrun. no amount of regulation makes the process safe. there's no way to do that. oil and gas featured in part two shows that they know the wells crack and failed. every single one of the wells, they are proposing 2 million of them, drills through potentially if there's an aquifer. what that means is you have to case the well in comment. the industry's own documents showed us that the documents have been leaked. they are going to it's

as liz said, fracking does not equal drilling, okay? a lot of people think of this fracking is new, ask all of a sudden we have it. fracking's been around for a long time, and drilling's been around for a long time. what's new is the way we're drilling and the source rock that we're drilling from. this shale, these big shale mantles extend extensively under entire states unlike traditional shale or traditional natural gas wells that are geographically limited. so that is a game changer in itself in the scale of drilling. and fracking enables us to extract gas from these shale plays which are so extensive. drilling, there are many documented problems associated with drilling that have been around for a long time. methane migration is one. that's when gas gets from one area into the next. it can cause explosions, it can cause methane in the water. so don't be confused when you hear about the dangers of fracking. some of these are really the dangers of drilling. but fracking does enable shale gas development on an unpress kented -- precede

does frackin fracking cause ear? >> it does cause earthquakes. >> why it is so long for people to be on record for saying this? >> pumpings the water higher pressure deeper into the earth, that's been known to cause earthquakes, there's no argue with that, but a lower rate of earthquakes are triggered so it gets hard to tell if those earthquakes are happening naturally or a result of the fracking process. it's pretty clear frack causes at least a few earthquakes. >> earthquakes, tremors, how serious, how severe can there get? >> well you know, the issue isn't really that the injection is powering the earthquakes. it's more that the injections trigger earthquakes or at least stresses that are already there. there's really no limit how big an earthquake can be. so far it seems like injections only rarely cause sizable earthquakes. >> this other being seismic activity? >> maybe, weaker changes in the ground so these injections of fluid are more effective because they basically lubricate the cracks that move on faults. s

i want to start off by defining what is meant by fracking. the term is short for hydraulic fracturing which is a technical term used by the oil and gas industry for shale gas extraction. it's also, fracking can be spelled with a c, it's also the term is high volume hydraulic fracturing or hvhf which is really what we're going to be talking to this afternoon. next slide, please. so the thing that's important when we're talking about fracking is that there's often a very important disconnect between what industry is saying and what is expected and understood in the popular press and the public. of so when industry says there aren't any accidents attributed to fracking, they're talking about a very small portion of the shale gas extraction process. when the public and most journalists talk about fracking, they're talking about the entire shale gas extraction process. so there's, it's important to understand this distinction. sometimes people are saying things that are technically true but are misleading in the context because of the disconnect b

assif mandvi reports wench know the benefits of fracking but residents of fracking effected bradfordennsylvania say it also has some minor downsides. >> fracking has ruined our quality of life. >> our water contamination here is moving through all bradford county. >> every day there's something new that happens. >> his rashes. >> neurological problems. >> nosebleeds. >> maybe the cows were doing cocaine. >> i never caught them doing cocaine. >> really. marie yap doesn't see a problem with fracking. >> frying is safe. because the average personal doesn't understand fracking the environmentalists are able to use fear, uncertainty and doubt to plant ideas into people's minds and they don't do the research for themselves. you need a tissue. >> yeah. >> but the gas caps have done the research along with plenty of investigations into the resident's explain complaints. >> if i polluted my neighbor's water well do you think that the dep will allow me to conduct my own investigation and get back to them on it. >> if your water is contaminated why not go to the local store and get yourself evi

to be fracking. i don't think it makes sense for anybody to be fracking frankly i think the cheapest gas of all is gas savings but that's a different argument. all right so let's talk about the much china you know bomb and kerry we've got about a minute left. they've made it clear that china is the kind of the next target i mean i think barack obama talks about asia pivot the so-called asia pivot so what do you see in your macro political view of things how does this affect globalization is some call the end of globalization because it seems like i was taking sides again like they did before big wars well i think you're seeing the people with the resources are going to win out over the people who haven't got resources the americans got away with it by writing checks that have to cash for the last however many years those days are over in my opinion you know we're going to go to the people who have the root resources can issue the credit because it's actually based on something about people you know b

we're drilling, fracking 100 wells a day.t's not going away any time soon. >> and it's closet frackers that came one this. folks in pennsylvania sort of drilled a hole and voila. >> there have been billions made and billions lost. the wild catting still goes on. >> amazing. russell gold, author of "the boom." probably you're the first volume of education on fracking there is in the united states. god love you. thank you so much. >> now to the next number in our data bank today, 40%. that's south carolina senator lindsay graham's approval rating. that's 3% higher than october of last year. while graham's approval rating is still upside down, 40 to 44%, the difference is within the margin of error. up next, rand paul takes on ted cruz as the unofficial tea party primary heats up. today bob dole faces off against ted kennedy. that's a primetime game. go to rundown@msnbc.com to vote. back with more tdr. she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends wi

last week a texas family thought a huge victory over fracking the park family was just awarded three million dollars that they were flipped it would only caused by a fracking operation taking place on the outskirts of their ranch according to lisa part of the family experience quote nosebleeds vision problems knowledge rashes and blood pressure issues now considering how the fracking industry has denied such problems are caused by the practice this case is a landmark decision and a huge win for fracking opponents however it seems clear that the family has already been so severely damaged by the drilling operation that a monetary settlement seems too little too late and considering that fracking and jack's over seven hundred chemicals into the earth including known carcinogens there is no way to know how exposure to these wells will fact the pars later on in their lives or for that matter anyone else who lives near fracking well. in the u.k. the debate on the future of the fracking industry is polarizing opinion local authorities are scrambling for support as they look to cash in on t

of fracked oil and gas.t importantly, the halliburton loophole needs to be closed. and you need to require public disclosure of hydraulic fracturing fluids. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> to watch all of the winning videos and to learn more about our competition, go to c-span.org and click on student cam. and tell us what you think about the issues these students want congress to consider. post your comment on student cam's facebook page or tweet us using #studentcam. >> with ongoing unrest in ukraine, foreign affairs subcommittees today held a hearing on u.s.-russia relations. state department officials testified about u.s.-russia cooperation on nuclear arms agreements, terrorist threats and the space program. >> the subcommittees will come to order. without objection, all members may have five days to submit statements. questions, extraneous materials for the record. and subject to the length of limitation in the rules. in

-- fracking neverland. the jury found the company intentionally created a private nuisance through its drilling and fracking operations near their home. the pollution was so bad the parrs had to flee their home for months at a time. he says the kids must first fracking verdict in u.s. history. a former oil executive meanwhile has joined calls for a ban on fracking in new york. speaking this week, and longtime executive vice president of mobile oil said "making fracking safe is simply not possible, not with the current technology or the inadequate regulations being proposed." jailed ruled request for --stleblower chelsea manning the name changed to reflect her desire to live as a woman. she remains in fort leavenworth where she is serving a 35 year sentence for leaking government files. the third anniversary of the collapse of the garment factory in bangladesh. the implosion of the eight story 35 garmentilled 11 workers and injured more than 2500. on the eve of the anniversary, family members of the victims

earthquakes dead farm animals water contamination wells come to the controversial world of fracking if you're from great britain fracking is coming to a place near you that's because a recent report showed that hot for the country could be liable for licensing for shield gas exploration and some of the examples i gave earlier into the side effects stock could really just be the tip of the iceberg was a long term effect studies are simply rare on the ground thanks so much for coming into the r.t.l. system to actually have a picture isn't it true that say we simply don't know what the consequences could be when it comes to fracking down the line in the u.k. do we have this was the kingdom in europe no because one emerging place going up because one of the points a recent report by leading academic stroke the u.k. they said that there were a number of quote on knowns when it comes to see if the health of future fracking areas and not seems to be the issue here what will occur in the future so i think we've had good data i think may try to argue that there's no data in the u.k. but the geo

look, in parts of the country where you have fracking, we don't have to worry about unemployment.we don't have to worry about min much wage. we don't have as to worry about overtime. because of the fact they have allowed this to take place in their economy. we don't have a national energy plan. we don't foe where fracking fits in, pipeline fits in, we have a natural infratrur bank, both supported. every $1.2 billion spent in infrastructure creates 35,000 jobs. >> you heard all the arguments, what do you think? >> i think we also have to look at the fact with this new report, we have actually replaced all of the jobs that we lost in the great recession and for the conservatives out there. >> that's not true. >> who rail against government jobs. >> that's not true. >> but the reason the unemployment number isn't as low as it would be is conservatives have been so busy hiring cops and firefighters an teachers, private sector jobs have grown. >> first of all, 49 months in a row. >> okay. >> all right. tracy. >> all in unemployment number is actually up this month. so it actually is ge

so while business touts fracking as an economic godsend some u.s. scientists warn of severe health risks some people who live or work near shale gas drilling sites they have suffered from numerous problems from heart defects to lung cancer which they linked to the process mass rallies against shale gas have been held across the globe in rumania the us canada and the champion of fracking in europe u.k. and artie's union an eagle who's in london talked to one energy executive about what can be done to prevent further environmental damage. earthquakes dead farm animals water contamination wells come to the controversial world of fracking if you're from great britain fracking is coming to a place near you that's because a recent report showed that hops the country could be liable for licensing for shield gas exploration and some of the examples i gave earlier into the g.b. a side effect stock could really just be the tip of the iceberg long term effect studies are simply rare on the ground thanks so much for coming into the. century having pressure now

it's russia we're going to get back to russia by fracking you to death. yeah that's a really good idea i think maybe just blow your brains out and save everybody the trouble of all the environmental damage so and finally here even the new roads are vulnerable to these generate huge lorries because a portion of the u.s. highway to near wilston north dakota completed in two thousand and four is already being reconstructed jamie also a spokesman for the department of transportation said in an e-mail traffic across the state has increased ten percent in the past year and twenty five percent near the back and shale formation where oil is being produced so they had planned for this highway to last twenty years even planning it for natural gas fracking vehicles but it only lasted nine years the only way this fracking story would be have a positive ending is if they reported quadrille reported they're going to replace the drill head with piers morgan's head and they're going to try to drill through the crust of britain well the earth of korea with piers morgan pi

ministers say fracking will be a huge boost to britain's economy by creating thousands of jobs and just remind you hydraulic fracturing involves sinking a vertical shaft on the ground and down rianne galing at gas deposits are then extracted by fracturing shale rock with high pressure blasts of chemicals the problem is that these chemical spill and nearby lakes and rivers as they migrate back to the surface opponents say this also create air contamination posing serious health risks are reports. u.k. government want to embrace shale gas extraction they say that it will create lots of new jobs that will make energy prices much lower and it will bring more money into local communities here in britain which is why the department for energy and climate change have confirmed to us that they are reviewing current legislation to basically make it easier for energy companies to come into the u.k. and start extracting shale gas so one change to the law that's apparently being looked at would allow energy companies to transport shale gas underneath private properties without the threat of being s

fracking fears. why one california city is placing a 45 day moratorium on a critical drilling process. >> i lost everything, my belongings and even reply son. >> washed away. our andrew thomas is on the ground devastation from floods in australia's solomon islands. >> when it comes to technology news knowing how is just half the story. we like to tell you why as well. tonight we're learning more about why a cyber-bug called heart bleed has weakened across the internet. jake ward is here to say why you should be concerned. how does this bug work? >> john now when two computers are speaking via the internet, and securely, they do a heartbeat, a pulse of information keeps the connection open, hello, we're speaking in private. this hack, known as heart bleed, is basically a flaw in the programming that underlies the internet that allows a hacker to get in there and impersonate one of those two computers and ask for information that that hacker is not really allowed to have. that information could be your

to mark fracking didn't know you right. or does she have a sense of human being i mean i know she's old she's not senile so how come she has no self-respect well this is the way it works here the prime minister it's his policies he puts them to the queen the queen and that's what she's there for it's a big pomp and circumstance and makes the people accept what is set now of course but david cameron is also trying to take down wind turbines because those are a blight on the landscape wait until you see what fracking looks like because that is really a blight on the landscape but this is. how they operate this is the way politicians who wrote a speech for david cameron quadrille up their energy monopolists of all the go up list they write their speeches for david george osborne and the queen is just i'm surprised you know because the queen you would think she'd have more. well whatever so let's turn to what george osborne is saying chancellor george osborne is offering generous tax breaks to kickstart the technology he believ

while business touts fracking as an economic godsend some scientists want the u.s. in the u.s. warned of severe health risks researchers are still probing whether increasing diagnose heart defects and lung cancer can be attributed to living or working near shale gas sites mass rallies held across the globe in the u.s. canada romania and the u.k. you know neal talked with one energy executive but what he thinks that can be done to prevent further damage. earthquakes dead farm animals water contamination wells come to the controversial world of fracking if you're from great britain fracking is coming to a place near you that's because a recent report showed that hot the country could be liable for licensing for shield gas exploration and some of the examples i gave earlier into the side effects stock could really just be the tip of the iceberg was a long term effect studies are simply rare on the ground thanks so much for coming into the. treasury have appreciated isn't it true the say we simply don't know what the consequences could be when it comes to fracking done the line in

my question is going to be, fracking, goo good or bad.not the question. >> we are fracking 100 new wells every day in the united states in north america. the real question for me is if we are doing this and getting all the benefits from it, jobs, lower energy prices, geopolitical security, are we doing it in a way that in 20 years we will look back when the boom is over. stuart: answer the question. >> we will say we made the right choices. stuart: he doesn't pollute groundwater? >> it doesn't have to. you will not pollute groundwater. build the wealth properly. stuart: so i haven't we got fracking on a mass scale in new york state? what about northern california where there is massive reserves of oil, natural gas below the surface? why aren't we fracking? >> these are political decisions. they are not being driven by the geologist. it is really a political decision. in california. stuart: it is irrational. if he is a does not pollute the groundwater or anything else that is bad, it is irrational to oppose it. >> may have taken a hard loo

so with fracking in new york state you would have. radioactive material unleashed and then with all these chemicals six hundred chemicals very serious water pollution but on top of that new studies have pointed to well the social cost of fracking back i have a report from it's an excellent group it's based in washington food and water watch and it looks into the this social cost of fracking in pennsylvania where a lot of fracking has been going on in a sense they what the report says is that energy boom towns are created and you have all these guys come in to do drilling with a lot of money not much to do and a rise and disorderly conduct arrests all sort of sexual the disease problems traffic accidents i mean this is small town america and posed on them is very serious social course well last year vice did a exposé on this very issue and it suggested that the problem the problem has a lot to do with the nature of this kind of work article says you are seven point six times more likely to die working on an oil or gas rig than in any o

there's a lot of talk in europe about frack, frack, frack, easing up on the dependens and fracking the shale gas in europe, lessening the dependence and russian hold. >> the teeter totter between vladimir putin's pop u latter ie the european leaders. out. >> the economy was doing very, very well. this is before the global recession. this time the economy is not doing well, and people may have rising expectations in russia. the economic neems will be met. >> second, that he will be able to suk steed in eastern ukrainian in the way it was able to succeed. >> everyone is watching closely. much. >> up next - digging deep. "america tonight" correspondent adam may continues his look at the coast a paradise. the coastal everglades. neighbours fear what a gusher here might bring. >> these oil wells inject water into the ground. where does it go. >> in florida, we are at risk. >> the fears that it may be a paradise >> the florida everglades have become, of all things, the latest battle ground over oil. industry and government officials say drilling is safe, local residents don't buy it, fearing

and that fracking campaign is in its infancy. we can work with those grassroots groups across the country and there are thousands of them who are reinventing democracy on the local level and deploy renewable energy in a democratic context. we don't need -- i don't want solar panels and wind farms from shell or exxonmobil. i have a feeling how that would go. i want that to be sourced within the thing that's going to heal our democracy. we can take back our power as we take back our power. >> when your son has his 30th birthday and he take his hovercraft to go to work, it will be filled at a exxonmobil station. they have a strangle hold. you have to move them to deliver those renewables in the same way they delivered the stuff from fossil fuels. you get that down through natural gas because it does have a lighter carbon form. >> i want to clarify the debate between you two. you are the most left wing energy guy we'll find. that's why we love you. to clarify the issue here is the path forward basically is we've got to find a way to

fracking. which a lot of governments forbid?surprisingly, the number most people haven't heard, if you take all the solar panels and wind turbines in the world, which we spend 60 billion dollars supporting each year. they have caught less than what u.s. fracking managed to do globally. you've done more for the global environment than solar and wind. that's worth pondering. we are paying 60 billion for the privilege of having the solar and wind panels. you are making about $100 billion on fracking. that's a much better deal. john: our government pushes stuff like electric cars, and even if we did reach the goal they've had a million electric cars by 2015, next year, unlikely. >> not going to happen. john: that will cost 7 billion dollars? how much would that delay global warming? >> it would be infinitesimal. john: by one hour, according to the environmentalisticalclation. >> if you do the calculation, one hour. and fundamentally what that tells you this is a symbolic act. john: and among the general public, when you talk to peop

two test wells have been fracked. city officials are working on it. people have realised that my next-door neighbour is an oil well, and they don't like it. part of it is a matter no one told them what is going on. the industry never never tells anything unless they have to. >> california law that took effect in january requires oil companies to have a permit. for now, it's up to small cities to take on big oil by themselves. >> and we continue out in california. they are some of the tallest and oldest trees in the world located in the redwood, national and state works parks of coastal northern california. they are under attack by wood poachers. park interpreter jeff deny tells us how poaching is jeopardising the future of the redwoods. >> the redwood trees are an iconic tree and forest around the world. they are the tallest tree. redwood nationals receive 400,000 visitors. from just about every country before the world. what we experienced is an important increase in an activity we called poaching. redwood trees are known to live up to and over 2,000

i want to start off by defining what is meant by fracking. the term is short for hydraulic fracturing which is a technical term used by the oil and gas indu

more than 800 wells have been drilled, including as many as 16,000 fracking stages from those wells.hat would be interesting to see is if other states where fracking is occurring will follow suit as a result of this new finding. tyler, back to you. >> thank you very much. jpmorgan shares taking a hit, but rival wells faro beats, its shares are higher. so what is the hops market say about some of the other big names that will start reporting next week? time for the "power lunch" countdown with jim iuorio. what is the options market tell you overall, and then we'll get to specific names. >> it's hard to differentiate if the vix is up because we've had a few days of pounding. my guess is when you have as big stuff on your plate as the huge decline as in the last few days, it's not a hugely overall reflecting earnings season. when you drill down on individual names it becomes a bit different story. >> let's look at the first stock under the spotlight. that is citi. >> citi is interesting. in january, remember they had that big miss, which precipitated the huge almost 20% decline that it

fracking has managed to do globally.ndering because we're paying $60 billion for the privilege of having those solar and wind panels. you guys are make about $100 million on fracking. >> but our government pushes stuff like electric cars. even if we did reach the goal that they've had of a million electric cars by 2015, next year, unlikely, and that will cost $7 billion. how much will that delay global warming? >> it would be infin i tess mall. >> now this new ipc report makes it sound like we're all going to die. "los angeles times" headlines, "crops are down, deaths from heat are up. the price of food has gone down because of industry. >> these are very misleading reports. again, there is a problem. in the long run we'll probably make growth rates and yields slightly lower. we're still going to be able to produce more and more food and they're telling us we'll be able to produce slightly less of more and more food because of global warming. global warming is probably going to cost in the order of 2% of gdp. >> says you

now fracking is coming to britain.son reports. >> stretching 2.5 commenters deep, this rig could change britain's landscape in more ways than one. operated by i guess, it is g the shale rock for natural gas. it is not alone. quadriller is on the front too. the former bp ceo. >> shale gas in the u.k. will make a big difference to the u.k. energy picture but it will not prevent the importation of natural gas from other parts of the world. it will reduce the balance of payments or add a new source of growth to the u.k. and produce lots of jobs. >> the shale in northwest england is one area that has caught his eye. fracking sites have also attracted the attention of others. local residents have made their feelings clear. protesting against damage to the landscape. they have tried to delay the project. this resistance isn't just about natural beauty. they are worried about their health and damage to agriculture. andrew pemberton owns 130 gary callis and is worried -- dairy cows and is worried the fracking will contaminate t

so an energy company would still need to obtain permission in order to drill and drill wells for fracking but transportation would no longer be an issue so it's all part of a whitehall bid to reportedly lure more investors into britain but my prediction is that that is unlikely to placate the anti fracking movement here in the u.k. in fact changing the law to make fracking easier is likely to be somewhat controversial people are worried about the risk of contamination to believe water table the risk of endangering wildlife potential small earthquakes that take place as a as a result of hydraulic fracturing and not least they're worried about the value of their properties going down if it's next to a fracking site or above a pipeline course want to work are right there were local the rest of the world's top headlines coming your way after a break so you international. mother . the problem is they come up very hard to take the plunge against along a plot that has sex with the target their lives let's play. the i'm . melissa block. good to have you with us here on r.t. international a quick