if we are going to frack a lot and the world is moving towards lots of fracking we've got to conserveer. >> crystal, what did you bring us? >> i brought us some samples from the water purification process. so what you have here, this lovely very edible looking mixture is the type of water process. this is what would be going into the disposal well, i.t. contains oil, it contains -- it contains oil, it contains sediment. this is after one round of purification, some of the oil and sediment hats been removed. it's a little cleaner, something like chocolate milk, not drink. this is the final stage of the process. you wouldn't want to drink this either, but it is pure enough to be reused for fracking and not have to be disposed of in a well. i use a similar process when i'm working in the lab, when i'm talking about microliters. but the challenge is to scale it up for millions of barrels of fracking. >> do you think it's doable? >> they have one step towards the solution. but every little bit helps. this is one drop in the buckets bucket of a bigger problem but at least we're moving forwa

i went to my first fracking job in 2003. we did not even call it a frack job back then. it was unconventional gas. i got in on it very early on just listening to companies talk about how they found a new way to drill lots of wells and get lots of gas. for several years, that is what i did. i covered and wrote about the companies, and what i saw something very significant in the united states, and then one day, i got a call from my parents. my mother, specifically. they are philadelphians, but they have 100 acres in north-central pennsylvania. a place to get away on the weekend. she said to me, we got a strange call from a company called chesapeake. they want to inquire about leasing my land. that caught me by surprise. i should have known about this. at the time there was a little drilling going on. but this was clear across a pennsylvania. so, i had to go back and start learning about why chesapeake was leasing so far across pennsylvania, and i did. and that really got me onto the second stage of learning about fracking, what was going on, and it really brought me into

and problems associated with fracking. most are associated with well integrity. if you can build the well right get the commenting and steel right, you're not going to have those problems. >> terry, i know that you wrote very recently something about missteps in pennsylvania and in response to some international bans on fracking in romania france and other places. what are those missteps following up on what russell was saying. >> russell has mentioned a couple of them. in order of importance i think one of the great failures in pennsylvania was to understand industry understood how important it was to measure the quality of water in individual wells, they misunderstood that that baseline chemistry had to be established in every well. so if they did it in one well in ten, that proved not to be good enough because in pennsylvania, for example, there are no standards for water wells and it is well known that 40% of all private water wells in pennsylvania would not pass epa standards. and it is very easy for the public to ide

frack gas is huge environmental issue right now as well as fracked oil.york has banned this because it contaminates water supplies and air increase the public health crisis, but here in new york state, we still have tons of infrastructure projects. pipelines, compressors stations, power plants. seneca lake gas storage facility fits in with a national crisis right now. we have the federal energy regulatory commission, five member body, basically usurping state and local authority and saying, it is totally ok, let's build a huge liquefied natural gas storage facility here. let's take over this port, like in maryland, for example. ferc is not accountable to democracy. nobody really knows who these people are. they're not famous, they're not senators, they're not the president, yet there is -- controlling all of these projects and you are seeing incredibly frustrated people that put themselves in harms way -- in seneca lake, now almost 300 arrest over the course of six months -- amy: and you are one of 20 this week? >> blockading the front gate. when people f

. >>> coming up, fighting fracking, texas makes it illegal for towns to say no to fracking, and the implications the practice nationwide, and driving distracted and more americans, are not concentrating on the road >>> papal will have to pay up, a federal claim says the company owned by ebay signed consumers up for its online credit service, and they are neither illegal nor deceptive and, they are seeking a $10 million fine, and $15 million to compensate customers. >>> drivers are finding more distractions. a new survey found that facebook nearly 3-10 drivers skoal through it, on the road, and 17% say they take pictures and, another 14% say they're tweeting. and followed by instagram and snapchat. a new law could impact nationwide efforts to stop fracking. they approved a referendum banning fracking, and as heidi tells us the governor signed a new law reslersing the decision. >>> you cannot stop these people, they have have more money and, time and lawyers and just don't amount to anything. >>> the prediction of this denton resident, after his community voted to ban fracking within city limits h

i went to my first fracking job in 2003. we did not even call it a frack job back then. it was unconventional gas. i got in on it very early on, just listening to companies talk about how they found a new way to drill lots of wells and get lots of gas. for several years, that is what i did. i covered and wrote about the companies, and what i saw something very significant in the united states, and then one day, i got a call from my parents. my mother, specifically. they are philadelphians, but they have 100 acres in north-central pennsylvania. a place to get away on the weekend. she said to me, we got a strange call from a company called chesapeake. they want to inquire about leasing my land. that caught me by surprise. i should have known about this. at the time there was a little drilling going on. but this was clear across a pennsylvania. so, i had to go back and start learning about why chesapeake was leasing so far across pennsylvania, and i did. and that really got me onto the second stage of learning about fracking, what was going on, and it really brought me into

traffic, lights and noise as it relates to fracking. in denton where three wells exist for every square mile of land opponents say texes sided with big oil at the cost of health. there's too many of us in our 30s getting cancer. too many animals, that are young, getting cancer at the same time as these wells. >> reporter: the oil and gas industry is applauding the new law. an industry group sued denton within hours of the fracking bans passage. >> we have been using hydraulic fracking to recover oil and gas for more than 60 years. there's no evidence of rising morbidity, higher mortality rates than anywhere else. >> despite statements like that and promises that fracking is good for the local economy, three out of five denton voters voted to ban fracking. most of the mineral wealth belongings to out of towners. denton residents have to live with fracking behind hospitals, next to parks and steps from the backyard. >> i may be an old silly lady. this is it scary to go to bed knowing there's a gas rig on fire in my backyard. i guess i can

you are getting the frack pack.e only offering this today, we have a limited supply of the two documentaries. call in fort "gasland" and "gasland 2." it is fantastic. i am so astonished by josh fox he had not made a film before. he lived in the delaware cap region, the delaware river gap or whatever you call it. of the border of pennsylvania. this company comes and says i will give you $100,000 p at do not have to move out, i just want to drill. he is going what is going on sounds fun -- but he started to ask questions. the water is the key part. what will happen to the streams? he starts to travel around. that is the power of independent media. he went to places like colorado and is looking at water that is brown, yellow, bubbling. it's not seltzer water. it's coming out of the tap. he sees people light of their water. companies saying that had nothing to do with us. folks are saying i have lived here for 40 years, are you kidding? can you imagine the rage. they say we cannot prove it has anything to do with us. on

to stop fracking.ix months ago voters in denton approved a referendum banning fracking inside their city, but as our reporter tells us, it will not be banned there or anywhere else in the state. >> you cannot stop these people. they have more money and time and lawyers. you just don't amount to anything. >> the prediction of this long time denton resident made shortly after his community voted to ban fracking within city limits has come true. fracking is again legal in denton effective immediately now that the accident governor greg abbot signed a law that blocks local efforts to regulate oil and gas production. the measure sailed through the ladies and gentlemen lateliure. it said a municipality may not enact or enforce an ordinance that bans, limits or otherwise regulates an oil or gas operation as long as the operation is loosely defined as commercially reasonable. the law does allow city to say regulate fire and emergency response, traffic lights and noise as they relate to fracking but in denton,

. >>> on "america tonight" the fight to stop fracking. >> we are talking about 12,000 fracking wells along the st lawrence river. i could not stand by >>> people that stood up against a giant in their community and found themselves crushed by the law. also ahead - trouble in the neighbourhood. when the natural gas boom brings unwelcome newcomers. >> we are in america and want to know the five or six guys on here, you know who they are, we don't know. >> honestly once we have a court order we have no obligation to knock on the door >>> adam may investigates the land grab under way in new york state and worries about what lies ahead. >>> thanks for joining us, i'm joie chen, power political and the resource variety can cause unintended consequences and controversy in many communities. we look at the impacts. in upstate new york where resident were powerless against the rule of eminent domain. it gives the government the right to take your property for the greater good of the community, and in some cases for the greater good of corporate interests. adam may found out what that means for

in native quebec. >> countries were given the go ahead to drill and frack st.rence valley without the remote possibility of an environmental assessment. that infuriated people. we keep app eye op you. >> reporter: armed with flyers he and fellow activists travelled village to village gathering support. >> all we wanted was a moratorium to be imposed for one generation. >> reporter: a year later three generations of his family, his son and 77-year-old father set out on a cirque de-sol eil march. >> your son made the puppets. >> yes, he made the puppets and the props. it was useful in making sure that people saw saw us >> reporter: with nearly 18,000 marchers closing in on mont rsh, the quebec parliament passed a bill mapping fracking below the st. lawrence river. >> we are happy about that, that's how the democracy should work. >> reporter: it didn't last long lone pine hours, a calgary based company lost out when some permits were revoked under the ban, without compensation. lone pipe was based in canada, but was a subsidiary of a u.s. corporation, giving it th

chandra how did you get involved in fracking? >> i guess my background is trying to find securities and that's when i got in the industry is when the gulf of mexico shelf is where the hot ipos came from. so that ended. and one of the first companies i found thereafter was mitchell energy as referenced by terry. so it was immediately impressed that we saw some companies do very well, get bought out, and some companies absolutely disappear. so when i saw mitchell energy, he was an onshore company growing sustainably every year on vertical fracs at that time. i was very excited by that. but it was also a curse in another way because after seeing george and his company at a very, i guess, right before the takeout but a very late stage of the horizontal application of fracking, they sort of implied to me this would not work. i was too young to realize that every company says that. >> right. >> so i went for quite some time going, wow okay, guys, this stuff out here outside of wise and denton county, it's for the going to work. that co

can fracking survive? if so what can companies would be the ones to establish themselves out of the and. i broke out into the last part first. i personally think an enormous change is happening right now as we speak but i think the productivity of shale oil because that's what the global market is what is hugely underestimated. musical i remember clients asking the same thing happened to gas them which has fallen precipitously for me six to 10-dollar range to what is never top $4 sustainably, it's not about to happen in worth of oil? we have no way to tell. we understand that the oil molecule is a lot bigger. terry can quantify exactly, a lot bigger than a gas molecule. it's a different beast and far more problematic. the world now understand that the u.s. can grow at a rate of 1 million to 1.5 million barrels are very close to it can grow in excess of that. they have made room for the. the irony of this is that if we were to express it this way is that okay so the u.s. oil from every last barrel is profit

it is accommodation of fracking -- b coleman nation of fracking, by would to inject large a mac -- amounts of chemicals deep underground to unlock the oil and gas. in addition, it is going horizontally, so you can access more of the oil and gas. horizontal drilling and fracking unlock all the oil and gas. host: is a generally accepted -- not so much by the oil community, but resistance by the environmental committee? guest: the debate about fracking has appeared in my the debate about climate change. also, communities in pennsylvania, texas, colorado, wyoming, elsewhere that are concerned about the potential drinking water impact of fracking. host:k ken is on our independent line, go ahead. caller: i would like to ask if the wall street journal has an editorial policy regarding climate change and if they do, if they believe it to be real as i do and most people do, do they offer a solution to the problem? guest: as a member of the new section, i do not have any say whatsoever over that editorial opinions of our newspaper. i do not see them until they come out in the paper. i will have to d

why did you guys down there decide to ban fracking?>> well, chris, that was an interesting phenomenon. basically, we had a situation where we passed an ordinance in 2013 that increased the setbacks for oil and gas wells from residential neighborhoods and protected uses. right after that, a few months after that, an operator was coming in to rework a well and redrill a new well that violated that particular setback. because of the legal doctrine of vested rights in the state of texas, our ordinance didn't apply was the claim. so the residents, that was sort of it for the residents. they banned together and obtained 2000 signatures and pursuant to our charter, presented us with a petition to ban hydraulic fracturing, got the required signatures and brought it before the city council. the city council denied the ordinance as far as accepting it at the council level to send it to the vote of the citizens. this was citizen-initiated and it should have been citizen decided and it was in november. about 59% to 41%. >> let me get this straight

texas governor signs banning fracking. the town of denton banned fracking last year.xas is home to two of the most productive fields where frack is use. more than half of college grads expect to be support bid their parents for up to two years after their graduation. they say students and parents are new accepting of the new normal. and the federal trade commission is urging a court to collect data from customers from radio shack. the fdc says radio shack had promised not to sell the information. >> let's get you sports action. game two of the eastern conference semi finals. tampa bay and the rangers. tyler johnson recorded the first ever playoff hat trick in lightning history. the goalie gave up six goals. the series is tied at one a miss. an indy driver is in stable condition at the hospital. he had just completed a lap at 221 when he slammed into the wall and toppled over. indy car officials announced they will return back to their turbo power levels. it will old cars under 230 miles per hour. the fight of the century may soon be called fraud of the century. in the

, or one day issues a ban on the ban on the ban on fracking.the ed show" is coming up next. >>> good evening americans, and welcome to "the ed show," live from detroit lakes, minnesota. let's get to work! tonight, the trade war. >> we're going to press forward the tpa this week and get it across the finish line. >> the game is rigged. and we are running out of time. >>> plus the pitch for free college. >> the college for all act will provide free tuition. only in a congress dominated by wall street and big money is this considered to be a radical idea. >>> later deadly biker brawl. >> new fallout from that vicious shootout between rival biker gangs. >> is this over? most likely not. >>> and e-mail controversy. >> they will be made public just two weeks before the iowa caucuses. >> i have said repeatedly, i want those e-mails outs. >> good to have you with us tonight, folks. it's good to be back with you. senator elizabeth warren is ramping up her war on trade. earlier today, she called out the secrecy behind the transpacific partnership. >> one

adopting and later passing a bill, that banned fracking between the saint lawrence river. euphoria didn't last long. republican pine resources a calgary based oil and gas exploration company lost out when some of it's fracking permits were revoke under the ban without compensation. lone pine may be based in canada, but at the time it was a subsidiary of a u.s. corporation. and that gave it the right to sue the canadian government, under a provision of nafta the north american free trade agreement. the amount of the lawsuit a draw johning $250 million. there's a provision that allows foreign governments to sue governments for adopting regulations that allegedly harm the value of their investments. but these so called investor stake disputed don't play out openly in domestic court instead, they are arbitrated behind closed doors by a three member panel, and that decision is final. loan pine does not want the public to know how much of the damages it is seeking represent out of pocket cost, verses lost profits as a result of the fracking ban. these matters are the subject of

flow backs is all the stuff that comes out of the earth when you're fracking. so i said all this stuff is radio active. it's probably cancer causing. you know. and then he was like do you smoke or do you chew? and i was like yeah i chew. well that's more cancer causing than cleaning tanks are. >> on july 3rd 2013 brandon took jeremy's place cleaning the inside of a tank and let jeremy take the easier job of going on a dispatch call. >> i went on the dispatch >> why did he take your spot? >> because he's a big brother. he'd do whatever he could to help me out in any way. and that's what he was doing that day. when brandon came out of the tank 30 minutes later, jeremy told us his brother vomited and passed out. his co- workers suffered respiratory problems and skin and eye irritation. >> the next day, it's fourth of july. i got off work and we're all hanging out in the field lighting off fireworks and everything like that and i seen him and his face was swollen and his eyes were all puffy his throat was bleeding. he'd take napkins and he's go like this, pull it o

-- fracking on our part?re was some reduction in fracking as oil prices went down to $35 or whatever they got to. sec. moniz: first of all, the oil price is still quite below what it was a year ago, let's say. charlie: people i know in that business have been using an assumption of $70 a barrel for a lot of their declarations. -- calculations. sec. moniz: even when the oil price was down to $50, let's say, our energy administration the data arm of the government still predicted that this year we would produce more oil than , in 2014 that there is a reduction of the so-called rig count but that production has actually still been going up. it is also clear that when the prices were even lower than they are today, that many companies were reducing their capital investments for future exploration production, etc. so we don't see our production particularly going down. we see the rate of increase moderating for sure. charlie: do you have questions about fracking in terms of the environmental issues? sec. moniz: i

julie: right, talking about the whole energy complex not just the fracking.ckenmiller had already made some of the other comments. some of the other fund managers have been sort of vocal that they disagree with einhorn. just to be clear on what the filings do for us because i feel like we always need this disclaimer, right? they come out, they give us a snapshot of where the holdings were at the end of last quarter. they could have tweaked them to some degree since then. you don't know. alix: and they don't just disclose short positions, either. julie: or options positions. there is a bit of wiggle room for these guys. nonetheless, when you are talking about someone like druckenmiller or someone like a berkshire hathaway, whose filings are starting to come out, they tend to be more buy and hold stocks. and dan loeb has a reputation of being a trader. if you are one of these people who try to follow and mimic what these investors are doing, there are a lot of caveats that you have to take into account. these are some of them. you have to know the stock worth i

the problem is that oil fracking is high cost. joining me now on the phone is karen morrow, executive at the american petroleum institute, looking at the industry response. you just heard david einhorn talk about pioneer in particular. what do you make of that? karen: i find it really interesting. i see frequently these days people that love to grab headlines by bashing the fracking industry. it is interesting to me that a guy that is obviously part of the 1% in this nation is so quick to knock an industry that has done more for the middle class in this country than any industry in decades with the low-cost production of oil and natural gas. he has this incredible technology known as tracking combined with horizontal drilling. obviously, you just reported on it. he drove down the stock price on a private company. what he did not say is that the company has seen stock values up 13% this year. so it must be quite the experience borderline narcissism from my point of view. stocks go up and down because you get up in front of a group

will that allow much more fracking on our part because there was a reduction in fracking as oil prices sank down to $35 or whatever they sank down do? >> first oof all the oil price is quite below what it was a year ago let's say. >> rose: but people that i know in that business have been using an assumption of $70 a barrel for a lot of their calculations. >> yeah. so first of all, let me emphasize that even when the oil price went down to, say, $50, our energy information administration that's become the data arm of the government still predicted that this year we would produce more oil than in 2014, that there is a reduction of the so-called rig count, but that production is actually still been going up. now, it is also clear that when the prices were even lower than they are today that many companies were reducing their capital investments for future exploration production, et cetera. so we don't see our production particularly going down. we see the rate of increase moderating, for sure. >> rose: do you have questions about fracking? and in terms of the environmental issues? >> i t

oil and gas producer in part because of what's happening here in north dakota where advances in fracking have unlocked crude oil in the bakken shale formation in the western part of the state. north dakota is now producing more than a million barrels of oil a day. ten years ago there were fewer than 200 oil-producing wells in the bakken. now there are more than 8,000. >> they call it boomtown usa this is where all the money is. it's crazy the amount of money you can make here. >> this rapid pace of

construction jobs that we saw a decrease in jobs in the mining and mining support areas, which is fracking, oil cutbacks, and those are extremely high paying jobs. olivia: construction jobs are nowhere near the -- near where they were in 2005 in 2006. the story has been more improvement, wage inflation for high income earners. is that all changing since companies are bumping minimum pay? >> we can see in you to see it

fracking is un-american thing. no one else wants to frack. this is bloomberg "surveillance," live from new york. thursday, may 21. joining me is brendan greeley. an odd day. no news but -- brendan: we had a conversation how do you talk about there being no news as in itself a news item. tom: the fed, one big yawn. brendan: one interesting thing the fed minutes was nothing new except they are considering different ways to lift off. one of them is reducing what they pay on reserves. tom: the methodology was there. we will talk about this on radio and television. our top headlines. vonnie quinn? vonnie: a sick of at deutsche bank. investors have been underwhelmed by a turnaround plan hours before its annual meeting, deutsche bank gave anshu jain direct oversight of strategy, admitting to the department of three key executives. shares of deutsche bank posted the worst performance in the last three years, the stock has fallen more than 6% since the plan was unveiled last month. investors yawned at a news update bank finds. shares of j.p. morgan an

for that matter, you don't own any of the fracking stocks? own any of these names the, purely on valuation. i would hope some day to be able to own them when they're cheap. i do think they're going to get cheaper and i think that this whole case that's being made, that they're lowering their costs substantially, which is true, this has happened in every soil downturn, is the reason that you can't get overly bullish about oil prices. if it used to take $100 a barrel to make these fracking projects work and now it's $65 or $70, how does the oil price ever get above $65 or $70? it can't. >> to give you some perspective, this is what rich used to do for a living before he came to wall street. >> i worked in the oil street, many, many decades ago, yes. >> don't age yourself too much. you're still young and vibrant. exxonmobil's in your portfolio, their 20-year top holdings. talk to me about the name. >> well, parker hannifin is a different animal, but exxon, royal dutch, british petroleum, these companies are -- were out of favor way before the fr

just up and think about what we know about fracking wastewater from fracking operations.on't know if you guys know about a community in quÉbec a small community. for training trained a year and a half ago carrying fracking oil and some fracking wastewater left the track and plot into this small town late at night. it was close to midnight, into a local pub was very popular, killed, incinerated 47 people. i mean incinerated it blew up. this is not we know -- this is what we know about fracking oil and wastewater. it is explosive. it is not just toxic in slow motion. it is explosive. they are talking about moving it storing it all around the great lakes because they frac so much now they don't know what to do with a fracking wastewater. now the coast guard has given the okay to move it on barges on our water. ships have accidents. it's going to get into our water system. ships of accidents. it's a form of insanity to allow this to happen. how can communities stop it? we have to make these decisions separately and how far we are willing to go. sometimes we have to put our bo

it is accommodation of fracking -- b coleman nation of fracking, by would to inject large a mac -- amountsf chemicals deep underground to unlock the oil and gas. in addition, it is going horizontally, so you can access more of the oil and gas. horizontal drilling and fracking unlock all the oil and gas. host: is a generally accepted -- not so much by the oil community, but resistance by the environmental committee? guest: the debate about fracking has appeared in my the debate about climate change. also, communities in pennsylvania, texas, colorado, wyoming, elsewhere that are concerned about the potential drinking water impact of fracking. host:k ken is on our independent line, go ahead. caller: i would like to ask if the wall street journal has an editorial policy regarding climate change and if they do, if they believe it to be real as i do and most people do, do they offer a solution to the problem? guest: as a member of the new section, i do not have any say whatsoever over that editorial opinions of our newspaper. i do not see them until they come out in the paper. i will have to do

the measure also limits the ability of local communities to control where fracking takes place. it comesn reonseo a voter-apovedan on fracking in the city of denton, known as -- where residents expressed environmental and health concerns about gas exploration within a few hundred feet of homes. similar industry-backed bids to curb local control over fracking have appeared in other states. and towns from banning the oil and those are some of the headlines. i'm amy goodman. we begin with the latest on the erosion of reproductive rights in the united states. last week the republican-controlled house approved a measure that would ban most abortions after 20 weeks. the vote came months after republicans were forced to withdraw their initial version following dissent from women in their own party. the new revised measure drops a requirement that rape and incest survivors who seek an exemption must first report to police. but it instead imposes a mandatory waiting period for such women of at least 48 hours before they can have an abortion. abortion providers would also have to report a

since fracking took off. the tribes collected hundreds of millions in oil money.t flowed to those with property. life for many of the rest is bleak. poverty and health problems are rampant. average life expect si is blow 60 and the tribe is paying a high price for the boom - the threat of poisoning its land. how many times do you get a call about a spill? >> sometimes we'll have three in a day. sometimes a major incident on the weekend. weekly on average, 7, 7 to 8. >> reporter: about one a day? >> yes. >> reporter: edmond baker is the environmental director for nah station. he has 15 overs to monitor 1300 wells, they pump 386,000 barrels of oil, accounting for a third of oil produced in the state of north dakota. >> i'll come out and admit it, we can't handle it we are not equipped, we are not staffed. you need competent people people who are not only scientifically equipped you need people who know how to understand the law, and enforce the law, and hold companies accountable. >> the worst came in july 2014 around air dan creek. 1 million gallons of brine, salty