but officials told us offshore fracking is performed on a smaller scale than fracking onshore. >> and then from recent studies it looks like, fracking in 2013 increased to about 15 percent of wells and industry sources predict it will increase another 10% this next year. so what may be small scale now is destine to become bigger. >> fault lines was able to obtain a list of about a 100 sites approved for offshore fracking. it provides one of the first glimpses into these operations in the gulf of mexico. >> you can hear the sounds of activity all around us fog horns and the sound of generators and now we're seeing another of the rigs appearing out of the mist that's also been permitted for offshore fracking in 2013. >> we also found that many of the companies being sued for violations onshore are now fracking offshore. >> you maybe cannot see the sign but it says chevron usa inc. >> chevron got permits to frack at least 11 offshore sites in 2013. the company told us that it's used fracking safely and efficiently, at its deepest wells. >> we're talking about fracking all along the louis

but many are calling the new rules on fracking weak. >> the resumes applies to fracking on federal land. it won't be touching any fracking that happens on private or state owned lands. the only way to protect from fracking is too ban it. >> many land owners in california want to ban it too. geneva has watched as companies have fracked more and more areas. >> they are ruining our air and being poisoning with benzene and we get absolutely nothing. >> he shot video of oil producers dumping toxic waste into unlined pits near farm fields. >> if the groundwater becomes contaminated from the chemicals in the fracking process, what happens to your trees? what does that do to your crop? >> the contamination of the groundwater is very serious. in most cases the trees won't even survive. >> reporter: the majority of fracking in california occurs on private land. which means the new federal rules won't apply. as al jazeera reported earlier this week we are already know groundwater contamination has happened. more than 400 underground injection wells for waste have been drilled into california aquif

fracking. getting the power to hold it up, drag it out and maybe kill it stone dead. stocks are way up and so is the price of oil. varney and company is about to begin. ♪ stuart: that is a rally. up 172 points. the nasdaq, by the way, a new 15 year high. the russell 2000, that is another new all-time high. it is friday and the stock market has gone straight up thus far. i have two big names and they are hitting record highs. we have the price of oil back at $45 a barrel today. i believe that they changed the contract months. $45 a barrel as of now. the price of gasoline has gone up again. three straight days. not by much. it really ruins my prediction of an imminent plunge in gas prices. i linked google to crony capitalism. the "wall street journal" reports that in 2012, charging google with practices. ftc commissioners overruled their own staff and went with a settlement that was very easy on google. this is not mentioned in the wall street terminal. no it is me who is raising the question of

. >> all right what the frack? the white house piling on more rules when it comes to fracking on public lands that's extracting spoil stuff we need the country. critics say it will drive up energy costs. jay says enough is enough. why do we need the rules. >> we have the environmentalist impacts of fracking and the public health impact and then the business aspect of the debate. so, if fracks has over the past several years been this new boom. they call it the shale boom. the shale bubble. all these oil companies want to get off the traditional oil and good to green energy. the problem is that fracking has proven to infect water supplies. they use 650 chemicals -- >> how do you know it's proven? >> because the majority of scientist -- what scientist. >> -- paid for by the fracking injury. >> an egee grouse problem would have been -- would have stepped story stopped yesterday. >> you say companies -- >> are you saying we need these new rules and regulations? >> i think we do because it's public safety. the chemicals

web site called frack focus, instead of directly to the government.environmental groups wanted that to be a requirement to disclose those chemicals directly to the government. so that was something the industry lobbied for and got. on the other side of the issue there is this new requirement that companies must include and have an above-ground tank to store after the fracking process. thapt that helps add to the cost of the regulation, almost double it to almost $11,000 per well, which is still quite a small fraction of what it costs to drill a well overall but that's something you can expect companies and states might push back on. >> sreenivasan: let's talk about the pushback. some lobbying groups representing oil and gas filed suit to try to stop. this what are they concerned about? >> they're definitely prepared for the regulation because the lawsuit was sent out mere minutes after the final regulation was posted online today. they say that the rule has no merit and no reason to exist given that many states already regulate fracking and that's tru

. >> why is it important to understand the fracking emissions?can contribute to then greenhouse gases, there are studies in the utah and colorado basins. because they are seeing ozone exceedences, we think because of the fracking fields. >> this is the video from the plane's nose cone when it flew over the sierra nevada fields last year. >> the for mald made levels were astronomical. >> you wouldn't want to breathe the air? >> not for very long. it is really bad, serious pollutant. >> jack dibb rmings collects samples during the seachrs mission. today was different. >> the filters were dark brown. they were easily coded, filthy there is a lot of organic aerosols. black carbon on the surface is going to contribute to climate change warming. >> on the scale of 1 to 10, 1 being perfect air, 10 being horl horrible, how bad was it? >> the air quality on the rim fire was way higher than probably any urban pollution anywhere on the planet. >> is that a 3 or 4? >> on a scale of 1 is terrible it would be a minus 2 or 3. anybody breathing that air would pr

vast majority of fracking takes place? >> the first and easiest thing the administration can do is to stop actively promoting the practice before assessing the risks, and in its all of the above energy strategy. the administration has been trying to walk a tight line between increasing and promoting domestic energy promotion but also dealing with environmental and public health and climate concerns. unfortunately, we can't compromise on our health and our climate. so the administration could also direct its executive agencies to enter into rule makings that actualliliment pollution that's going in to our air and water instead of just addition closing it after it's already occurred. >> you know must give us your opinion on this thought that fracking has supporters who say that it has provided america with a degree of energy independence that this nation hasn't seen in years making america soon to become one largest oil and gas producers creating jobs and driving the economy and driving down gas prices and giving the u.s. an

fracking.nto the earth and water and rocks release the fuel. how costly is this process financially and environmentally? who is paying for it. nbc bay area political analyst, larry gerston is joining us? >> it is legal in california. it is controversial. talk about this process and why people want it stopped. >> fracking term is the short-cut term for hydraulic fracturing. it is a way for energy companies to extract oil from the ground. they inject a water-based chemical solution into the ground to break up shale. that separates the oil from the shale and gives you the oil. it allows the oil companies to dramatically increase oil production. ever since fracking has been introduced, environmentalists are screaming blaming for a host of problem from earthquakes to sinkholes to a danger in air and water. by the way, when we talk about air and water, those are always two major concerns in california. in 2013, they just passed this law on the fracking issue, the first time california trying to regul

who say they don't want fracking at all?s probably will not stop it. that is just an assumption on my part. mark:speaking of fracking, i will be speaking to judd gregg on this. the budget released in the house and the senate and many other issues. could the fed regulate wall street? all of these juicy topics. mark: very nice. "street smart" at the top of the hour. scarlet fu will have another edition of "off the charts." "bottom line" continues in just a moment. ♪ mark: unless you live under a rock you've probably noticed that march madness is well underway. last year's opening game attr viewers -- attracted 10 million viewers. people drop what they are doing to watch the games. what is the impact on trading? scarlet fu did some digging. we know what the impact is. scarlet: you might think trading with slow down but that is not always the case. credit goes to jamie. i want to give some shout outs to joe our equity specialist to crunched the numbers and our television data group for charting it. the chart goes back to 1990 an

kennedy, is it environmentally safe to frack? our state where the oil and gas industry is very tough and powerful our governor mario cuomo has banned fracking in the state. and he didn't ban it because it was good for the state. he banned it because the health commission the highest medical authority in the state, looked at the evidence and looked at the studies and said this is causing tremendous illness in people who are down wind of these wells. it is causing water contamination. >> and we will leave it is there. great to have you gentlemen with us tonight. appreciate the conversation. >>> coming up louie gohmert tries to start a world war. he says that's a solution. >>> later, we have your march madness update in the two-minute drill. stay with us. we're right back. and calling winter an "underserved season". and before he quit his friend's leaf-raking business for "not offering a 401k." larry knew the importance of preparing for retirement. that's why when the time came he counted on merrill edge to streamline his investing

no one knows if they will stop fracking before it starts. but the people of elsipogtog have shown that whether or not a government and a corporation fulfill their legal "duty to consult", the resolve of grassroots people still has the power to throw a wrench into resource development projects. and for a project to move ahead, it's their consent that's needed. >> i don't think anything is going to stop the grassroots people. it's in their hands, i think the power needs to be handed back to the people because as an indigenous person, the route to self-determination is always from the ground-up approach, because that's who we are as a people. >> the reality they've created on the ground is enshrined in the united nations declaration on the rights of indigenous people as the principle "free, prior and informed consent". and it has helped breathe life into a provincial anti-fracking movement led by first nations people. and while the government of new brunswick vows to push ahead with shale gas development provinces across canada are taking note,

. >>> also ahead the government unveils the safety rules for fracking. we'll talk to the government about what it more in washington. >>> turning tax time into cash time. 7:0 on on around here, we're all about fast. that's why xfinity is perfect for me. with millions of wifi hotspots all over the place including one right here at the shop now we can stream all things fast and furious. you've done it again, carlos! with the fastest in-home wifi and millions of hotspots xfinity is perfect for people who love fast. don't miss furious 7 in theaters april 3rd. >>> an amateur film producer in san francisco has caught the attention of wall street after posting a trailer for a documentary about yelp on psychicstartkick starter shares that they shut down for about half an hour following a four-minute slide yesterday. tiffany has the details. tiffany? >> reporter: in a documentary a business owner says their reviews are negatively rated if they fail to pay yelp for advertising. now they're questioning the integrity of the site. how true were those pressed reviewed

allowed fracking to go on in california.study coming out later in the summer. considering how much water by the way is used for fracking, isn't that alone your water crisis in california? isn't that alone enough reason to prohibit fracking or temporarily stop it? >> no. not at all. first of all fracking in california has been going on for 50 years. it uses a fraction of fracking on the east coast for gas particularly. this is vertical fracking for the most part. it is different. california imports 70% of our petroleum products. our cars drive over 330 billion miles mostly on petroleum. if we reduce our oil drilling in california by a few percent which fracking would do we would import more oil by train or boat. that doesn't make a lot of sense. what we need to do is move to electric cars, more efficient buildings and more renewable energy. in that respect california is leading the country and some would say the world and we will continue moving down that path. >> i know what you said about a presidential race for yourself. l

new rules for fracking. the obama administration is calling for more transparency. but environmental groups and oil companies are not happy. investigating aaron schock. reports tonight of a federal criminal probe just days before the congressman is set to leave office. and learning their history. >> you wonder why your parents needed to leave you. >> people who were adopted get a chance to see their birth records and get answers to some of their lifelong questions. >> good evening i'm antonio mora. this is al jazeera america. we begin with breaking news. a shooting at new orleans main airport, louis armstrong international, a man with a machete and a can of wasp spray. attacked officers. a motive is unclear as to why the plan was at the airport. >>> tonight the united nations is condemning a pair of deadly attacks in yemen. two terrorists brew themselves up in a mosque attacking worshipers. john terret reports. >> throughout day several groups have been blamed. in the end it turns out a previously unknown affiliate of i.s.i.l. was the first to claim responsibility.

. >> the first ever rule to regulate fracking. you may remember california lawmakers took action after our investigative unit uncovered the practice was growing here with no monitoring. our senior investigative reporter is here now with what those new federal rules look like. steven? >> jessica, oil companies use the fracking techniques to get at oil and natural gas deep under ground here in california's oil. they inject a combination of chemicals and water to break up the rocks deep under ground. thousands of wells here in california have been and are currently being fracked. environmentalists say it harms drinking water and can ruin agricultural land. now the new federal rules call for government workers to inspect the operations and it requires companies to disclose the chemicals that they use. it should take effect in 90 days. the rules apply to about 100,000 wells on public land only. some environmentalists say this is a good first step but that the rules don't go far enough. can you read about all of this plus see statements

are you against fracking? caller:guest: i don't have a position on fracking. i try to keep an open mind and stay objective about all of this. in terms of the solar plant in california, i believe it was the first to be brought online. a few others have them -- since then. this is a massive project. it was still under construction a couple of years ago. they did get some taxpayer money. they got a loan guarantee. that is in the process of being paid back. they got an investment tax credit. that covered 30% of the cost. that is standard. there is a taxpayer cost. the obama administration waited clear from the time they were elected that more clean energy was a goal they had and that was one way they have been able to do it. solar was an infinitesimal amount when president obama came into office. i think they installed six gigawatts last year. it's only a percent or two overall of the electricity market. it's much higher than it was when -- wind and solar together have tripled. they are on an upswing. host: how much of the situation we are in is relatable to frack

we had fracking movements coming out today. other than that, what is left in terms of executive actions on the climate? is there more coming? brian: if you look at the end on the -- agenda around greenhouse emissions, this is a place where we have a very aggressive agenda. most of the actions that we are pushing forward are actions that we can move forward on through the executive space. so the short answer to your question is yes. yesterday we announced a goal in -- and the president signed an executive order to reduce greenhouse gas emissions from the federal government by 70% and there are a whole host of actions associated with that. we are releasing updated standards for fracking on federal lands. but if you look forward, core to the agenda is the clean power plan, which will be focused on reducing carbon pollution from the power sector. that has been proposed and then we will implement that. we have an opportunity in the international space to leverage what we are doing domestically into a viable global agreement. then be

president obama in 2012 tried to take credit for the renaissance in shale fracking. david: that, i think that is pretty transparent, cheryl. i don't think anybody fell for that one. >> right. david: the bottom line, it hurts the poor more than it hurts the upper middle class or rich because they can't avoid these price. >> one thing the president's keeps saying he wants to see is job creation. all we've seen between the oil and gas industry, and fracking industry as well, they're tied together, a lot of sail companies are doing both is job losses. numbers coming out of texas, the energy industry is losing jobs. that is opposite of this president. he will really hurt the next candidate for president if you think about it really. david: this next axiom is not writen in stone anywhere but not all businesses are equal. at least in the ice of the administration a policy known as operation choke point, meant to squeeze businesses that the administration doesn't like with tighter loan policies, guidelines, tougher regulations, what do we make of this, carrie? >> i have to g

now this is a fraction of all the fracking operations in the country.jority is on privately owned land. but these new standards would require drillers to disclose the chemicals they were using to set new standards for the types of fluids that are using and it's all designed to protect the surrounding environment where fracking takes place. it is not expected to have a major financial impact on industry. some estimates have had the impact at about 20 million with an "m," $20 million, of impact on companies. so it's not revolutionizing practices given advances in technology. and sally jewel referred at the -- during this call that states need to now take up the practice of regulating fracking operations on their own privately held lands. that's not what the administration is doing today, though. >> john harwood in washington, thank you very much for that. >> when we come back if you've seen the latest season of "house of cards" a certain russian character bears a strong resemblance to vladimir putin. but has putin noticed. we'll talk about that. rick sant

if oil stays at $50 a barrel, fracking is pretty expensive way to get oil.should revisit, prepare the turf, so when it rises to $70 it works. david: phil, what do you think? >> it is not too late and ridiculous they're not allowed to do it and let market forces take control. you know, i mean you're basically taking away economic development that created booms in other cities and tax revenue. david: absolutely. >> i would leave too. i would want to leave new york. david: all you have to do is move a few feet next door to pennsylvania. they're sitting on a gold mine. >> that is exactly right. the look, the great thing about fracking it turn it off and on. when it goes up and down. not as time intensive. look we'll produce more oil in this country this coming year than last year. even if prices are cheaper, frankly good for the overall economy and peel in it, reality it could go back up as quickly as it came down. david: rich, 10 seconds do you think governor andy cuomo will change his mind on this. >> probably not. big mistake. david: rich karlgaard is from no

about 11% of the fracking that goes on in this country happens on public lands. this is the portion of this issue that we the federal government have an obligation to set rules of the road for. but ultimately this is an issue that is going to be decided in state capitols and localities, as well as with the industry. we feel comfortable that what we put out today reflects an approach to our obligation, to balance those issues. but one of the things we're going it see going forward is a conversation that will play out across the country about where to strike that balance. >> i want to thank both of you for doing this. i want to apologize to my colleagues for not getting everyone in. hope you come back. thanks for doing it. >> the houses in the return next week with the republican budget agenda. we talked to a capitol hill reporter. >> paul prozac is but a reporter for cq roll call. the senate house take different paths to boost spending. how different are the as they are taking? >> they would both about $40 billion to defense next year. the reason the paths of diff

and tonight, it is a crackdown on fracking. for the first time the obama administration imposing tough restrictions on hydraulic fracturing. the new rules for federal lands. analysts see the government expanding the rules to cover private land as well where the recent energy revolution in this country was born. combined with obama's war on coal, the obama administration is determined to undermine our energy boom. rich edson has the story. rich? >> good evening gerri. opponents like john boehner say rules are appeasement to radical environmentalists. opponents say they are a gift to the gas and oil industry. the obama administration regulating companies producing natural gas. the guidelines require energy companies to build wells with concrete barriers disclose the chemicals they use to extract natural gas and adhere to standards for waste water. the cost amounts to one quarter of 1% of the cost of drilling a well. the petroleum industry says state government regulations instead of federal rules are more appropriate. >> througho

liz: again on federal land, so this is a quarter of the fracking going on. rich, thank you very much. rich edson. >>> take a look at fracking related stock names. cmg, usa compression not worried. u.s. silica holdings, you look at this and say when the stocks are up, the perception is the industry can swallow and absorb the standards and regulations. closing bell, we're 52 minutes away. the last blast of winter on this first day of spring, hitting 32 million people in the northeast. we're all dreading the commute. could be long and messy. >>> wouldn't it be great if you could just fly at least drones? dropping off packages, amazon has won a very important concession from the government. call it a start. and will some of the same drones be controlled by people's minds? mind control drones, it's a company testing it. we've got that company. is your conscience clear for takeoff? >>> and monster trucks not just for crushing the competition and shattering eardrums anymore. it can mean bragging rights and big bucks for u.s. truck makers. there is big foot. famous

some people hate fracking, but fracking is a new technology that somebody in the united states came upith as a way of engineering around an old problem. that's exactly what i expect american business to do. betty: you are saying not all corporations are evil. not all of them are bad. in fact, it's ok to make money as long as it's toward a goal. tom: i don't think corporations are evil. what i don't think we should do is rely on corporations for our morality. you know, the truth of the matter is, we are a nation of people, and i hate to say it, but the law of the land is the people who run corporations' responsibility is to take care of the interests of their stockholders, so that is a limited worldview, in my opinion, and that's not the worldview that is going to get us to the broad answer for society as a whole, so i don't actually feel resentful. i take that as a given, and when someone asks, what is exxon's motivation, my answer is, their motivation is the stockholders and their corporate net worth. betty: did it make you feel you needed to do something about what was going on in ma

. >>> coming up next, president obama getting ready to issue new restrictions on fracking.what it could mean for folks here in california. >> plus the giants are offering up something new for fans this season. we'll show you next. >>> and a live look outside the approach to the bay bridge toll plaza starting to tighten up a little bit on this morning. we're back with 15 minutes of nonstop news, traffic and weather after this. >>> live look outside dublin on your friday morning. many commuters getting ready to make the final commute of this week at least. >>> the obama administration is getting ready to release some new regulations on fracking. that is of course the controversial process using fractures of rocks to pull oil and gas from the earth. >> "today in the bay's" tracie potts joins us live from washington, d.c., with a preview of the new regulations. good morning, tracie. >> hi, laura and sam. what we know is today the interior department will announce that the chemicals that they used to extract that oil have to be disclosed. they want people to know exactly what's

what is left -- fracking rules today today. what is left on climate? jeff: -- brian: this is a place where we have a very aggressive agenda. most of the actions that we are pushing for our actions that we can move forward on through the executive space. so the short answer to your question is yes. yesterday we announced a goal in the president executive action to reduce greenhouse emissions from the federal government by 70% and there are a whole host of actions associated with that. today we are releasing new standards for fracking on federal lands but if you look forward, court to the agenda is -- core to the agenda is reducing emissions from the private sector and that has been proposed and then we will implement that. we have an opportunity in the international space to leverage what we are doing domestically into a viable global agreement. the on to that, in the area of methane or energy -- beyond., in the area of methane or energy efficiency, we have a lot more to do to tighten down on energy waste and pollution but also provide long-term incenti

the white house announces sweeping new rules on fracking.ey kill the oil and gas boom, a huge win for consumers. >> the petroleum industry contends the rules are redundant as states regulate fracking. gerri: home prices are rising, the number of people upside down on mortgage is going up. we'll investigate what's happening and how it will affect prices. >> could this be the new normal in the housing market. gerri: also price matching. we see it all the time in retail now it's about to revolutionize another part of the economy. paying for college. >>> and senior citizen disc

the possible link to fracking. you feel about filming your every move and sharing it with the world? it is really hard. that is what aol originals asked the stars of its first longform original series to do. six ordinary new yorkers agreed to film themselves and their lives for six months. the result is the documentary "connected." joining me is morgan spurlock and the president of aol's video. this is a 10-year-old film. i still think of you as mr. supersize me. that will be forever. tell me first -- i watched these clips. susan sarandon is not an ordinary american. you got her to film six months in her relationship. morgan: her boyfriend is one of our central characters. susan becomes the plus one in the show. a great story. betty: a great story. it is about their relationship. you have stories about families trying to -- a woman who tries to get pregnant. a gay couple, a blended family. why did you want to do this for aol? >> we believe in content and we believe in video and we believe there is a new moment in r

. >>> proposed fracking bans in several bay area counties could be in jeopardy because of a lawsuit filed against san bonito county. "the merkley news" reporting a newport beach oil company sued the county in hopes of getting a ban on fracking there overturned. if the lawsuit is successful it could set a new precedent in counties with similar bans including santa clara and almeida counties. >>> in a few hours water officials will take the third snowpack survey of the year. previously readings 19% below normal for this time of year. we had a little bit of snow this weekend. hopefully that will make a little bit of a difference. >> a little bit of a punch the last couple of days. in the meantime we had a burst of rain or several bursts of rain yesterday, rob, that could only be a good thing. good morning. >> we've been seeing more snow headed up to the sierra this weekend and from what happened yesterday. the numbers according to the automated stations, 15% of average, 20% average around the tahoe basin and 21% close to yosemite. we'll see what happens when they measure the snow at echo sum

you have fracking roles coming -- rules coming up today. are there other actions on climate change coming? brian: if you look at the agenda around reducing greenhouse gas emo and missions, and encouraging a clean energy economy, this is an area where we have a very aggressive agenda. most of the actions that we are pushing forward our actions that we can move forward on through the executive space. the short answer to your question is yes. yesterday, we announced a new goal, and the president signed an executive order to reduce greenhouse emissions from the federal government by 40%. there's a whole set of actions associated with that today where you mentioned, we're releasing updated standards for fracking on federal lands. if you look forward, core to our agenda is the clean power plan, which will reduce carbon pollution from the power sector. that role has been proposed. we will finalize that rule. we also have an opportunity in the international space for a viable global agreement. in the areas of methane, or energy efficiency, we have

fracking or hydraulic water underground to extract gas formation. it will require companies to report what chemicals they are using but only drilling on federal land would be covered under the regulations. >>> new information now on the jersey jam bridge scandal. we've learned federal prosecutors issued a subpoena this week to the port authority of new york and new jersey. they also interviewed members of the council in fort lee. now governor chris christie has denied any prior knowledge of lane closures on the george washington bridge that caused grid lock in fort lee for days. critics say they were paybook after the mayor refused to endorse christie's re-election bid. >> too early for gridlock here. right now things are dry on the roads. >> nbc 10's first alert traffic reporter katy zachry is watching everything for us out there. a lot of green lights hopefully. >> a lot of green that's right, but it is a first alert weather day so that's why it's red on the screen. we are expecting that storm to move in and precipitation to fall north and west fi