fracking. the film maker behind "gas land" recently pledged sololidarity with polish activists. >> there is no evidence that shale gas can be developed sustainably. there is no evidence that we can withstanand at this would mean for ouour climate. >> the i is no way to extract shale gasasithout using hydraulic fracture stimulation. >> your tracks the claims that committees have been left in the dark. >> i have been to poland. i've been in the meetings and villages with the gas companies, including chevrvron, and i exexplained what is happening,, what the process is. i don't believe that every single person has been left in the dark. >> he rejects that fracking will lead t to c contamination of wa. >> i don't believeve that we wil contaminate the drinking water or doing anything harmful to the environment. >> the crititics highlight concernsver drinkiking supplies. they say the industry has embarked on a p.r. exercise to win over heaearts and minds. lolocal people sayay that the fracking has eve

the fracking industry is booming.why colorado is now on the frontline when it comes to protests against the environmental policies of president trump. >> the earth is our mother, we'll never have another correspondent: the leader of this demonstration is still a teenager but xiuhtezcatl martinez is already a star in the american environmental protest movement, which has seen its numbers swell since donald trump came to office. >> to fight for the things we believe in. i think this is a great demonstration of people power, of what the rest of the 4 years are gonna look like with trump in office. people aren't going to stand for the oppression of our government anymore. correspondent: today xiuhtezcatl is leading a march against fracking, a controversial practice that trump wants to see ramped up. outside the capitol building in denver, xiuhtezcatl has a message for the state's politicians. >> they are failing to do their job. they are not protecting people's safety and health. they are allowing fracking companies to go

i mean, russia is in trouble because of fracking. saudi arabia is in trouble because of fracking. middle east. opec, opec is a shadow of what it used to be. america is now going to be the dominant market moving energy producer because of fracking. stuart: now, like in new york state, for example, there's a moratorium on fracking, you can't do it, period. you can't do it. neighboring pennsylvania, you can frack and it's a $a 5 billion a year industry. and president trump says we want to promote all storms of energy production. do you think that's going to make a difference to the new york states of this world and the californias of this world? are they going to see the light? >> i don't think so. i think that the-- i think that these states are just too rich. or the people are just too rich. they don't see the need for fracking. i've been to pennsylvania. i've spent a lot of time in pennsylvania. it is a complete game-changer. you go to villages at that ten years ago at times that were dead, there was just old people, all the young people had gone to the cities for work. now these

[inaudible] you said that it's not binary but the real question is where does fracking and clean coal opposed to that say that in fact it isn't environmentally safe and that fracking will destroy the environment? i like to get your comments on that. >> coming from a state that probably did as much hydraulic fracking as any other state in the nation, interestingly, a number of things happened in texas over the decade plus that i was the governor and one was there were more jobs created in the state than any other. there were 7 million people added to the population roles why was governor. arguably, economically, the state led the country. there's also a lesser-known story that you probably don't know about that i will share with you. that is that during that period of time you had this massive job growth, population growth, do you know what 7 million people live? that's a lot of pickup trucks on highways. that's a lot of nonpoint source pollution. your conventional wisdom would tell you because of where you are, geographically, the latitude that you're prone because of that big petroch

the environment and coexisted, but the question is as far as fracking and clean coal opponents to that say that in fact, that it isn't environmentally safe and that fracking and coal are going to be destroyed the environment. i'd like to get your comments on that for the second question. >> coming from a state that probably did as much high drawl fracking as any other state in the nation and interrupting, a number of things happen aed in tex over the decade plus that i was the governor. one was there were more jobs created than any other. there were 7 million people added to the population roles while i was governor. there are economically the state red the country, there's also a lesser known story you probably don't know about but i'm going share it with with you. that is during that period of time, you have this massive job growth, this population growth of 7 million, you know what 7 million peoples is? that's a lot of pick up trucks on highways. that's a lot of non point source pollution, correct? your conventional wisdom would tell you because of where you are geographically, the

what you want here is how we achieve that, largely because of technology, hydraulic fracking and the generation of electricity. we need to export clean coal technology and we need to export technology in natural gas to those around the globe, india and china and help them learn from us on what we've done to achieve good outcomes. we have led with action, not words. was in much ofre words committed to very minimal environmental benefit. country an s advance. >> does the adventures believe any additional deal on climate change -- does the administrative believe that any deal, whether it's a revised paris or other carbon emissions deal needs congressional approval either is a treaty or some other form? mr. pruitt: etiquette is it's clear with respect to the paris agreement that there are concerns by the administration, the president expressed visit his speech yesterday i've similar concerns that it should've been submitted to the u.s. senate for ratification. it depends on the nature of the deal and what you actually negotiate. if we are talking about exporting innovation and technology

some funding for the r&d for frack. and so the idea is not to have a big sort of government bureaucracy that subsidizes everything, but it is to recognize actually helping research and development so you get great breakthroughs is actually a really good investment. and what i want and what i'd love to see from president trump is also to say all the other world leaders are now going to be banging on him saying we need to focus on doing paris anyway despite trump. what we should be getting them to say is let's focus a lot more on the promise that bill gates has been focusing on, even obama was focusing on; spend money smartly through r&d so that we can find those technologies that'll actually both make us rich and cut carbon emissions. charles: well, for the moment world leaders are in a fit of hysteria, and they're not the only ones. i want to put up some of the more intriguing reactions that we've already gotten from around the world and just share them with the audience. one, a traitorous act. this is, of course, tom s

you cannot be for fracking, dropping the price of natural gas below coal and you want more fracking and more coal. that's like saying you want more water and fire. >> you're right, the low natural gas prices hurt the coal industry. you know what else it is killing? the wind industry. literally, five times more expensive per kilowatt hour. and by the way, we have another one. nuclear power. i don't see you talking about nuclear power and it emits no carbon emissions. >> can i just say, i still don't have an answer to the question of why withdrawing from this treaty means that the united states' private sector will lose out on a whole bunch of jobs. >> i'll tell you this. you will have four things that happen. states, cities, tribes and some industries will try to push forward anyway. what matters, though, is if you have a clear market signal that if you're going to build out your energy sector around the world, or if you're going to build it out to the united states, you're going to have to do it in a carbon restrained way. that gives you a more solid target -- >> what kind of industry i

that fracking and coal are going to destroy the environment. i like to get your comments on that before the second question. sec. perry: coming from a state that probably did as much hydraulic fracking as other states in the nation, interestingly a number of things happened in texas during the decade plus i was governor, one was there were more jobs created time.ny other 7 million people were added to the population rose while i was governor. arguably, economically the state led the country. there is also a lesser-known store you probably don't know about but i'm going to share with you and that is that during that time, you had this massive job growth. population growth. 7 million. you know what seven my people is? that is a lot of cap trucks on highways. non-sourceot of pollution. correct? conventional wisdom would tell you because of where you aren't your graphically the latitude, prone because of that capacity along the gulf coast, to really drive up ozone levels. there is a lot of reasons that conventional wisdom would say you did a really

a very small part of that 30% involves the fracking process. we have imposed strict rules and how we handle that going forward will depend on what results we see as disclosed by the very tight regulations. >> reporter: california's assembly recently rejected an extension and more rules to the cap and trade program that will limit greenhouse gas emissions and force businesses to pay for pollution permits if they exceed the limit. the debate over is expected to last throughout the summer. a vote on it is not likely to happen before the state budget deadline. in san francisco, lee martinez, ktvu fox2 news . >>> it's nice to see the sunshine this afternoon. temperatures are pretty comfortable. some 70s to show you for the warmest spots. san jose max out to 71. pacifica, 61. here's the big view at here in the pacific. showers in our north between reading and red bluff. isolated storms for this part of northern california. sunshine across a good portion of the bay area and we will check-in on some of the current numbers. san francisco, 59. lots of 60

didn't that have more to do with a country that was focused on fracking and finding cheaper, cleaner natural gas that had nothing to do with what the french are saying and the italians? and i love the italians. wonderful people. and i'm thinking, wait a minute! drop dead? it's a lie! i'm better now. but i want to put this in some perspective here and the type of questions that are coming to the administration, coming from other people. why we're signing an accord and assigning such importance to an accord in predating it. we're doing the things that are the goal of it. i'm not here to debate climate change is real. whatever your view is on the subject, but i am to say we have to step back and take a chill pill, which will come in handy now because the earth is on fire. bri, i don't mean to make light of this but i do. enough, enough. what do you think of this over-the-top reaction? >> i heard that antarctica called and they lost an ice cap due to the hot media takes. i'm kidding. but think of all the news we've heard. it's like the world is ending tomorrow. but legally in order to wi

liberals are considered against fracking. february go fracking sorbo. we got to shut and fracking.it's going to try the plan and so on. they are trying to hold back this kind of energy revolution. one of the things we've done in a book was there's a program that liberals love called the low income energy assistance program. i don't think we does the government subsidizing peoples air-conditioning and heating but we hav had this program out thee and it's because the poor can't afford to heat their homes and a condition. it turns out the program is up $1 billion a year program. what we found was because of fracking, which is substantially reduced the price of natural gas, presidential guest you to be ten dollars, now it's about three, this has caused this cute reduction in the price of electricity and utility bills for people. what we found was that the benefit to poor people from fracking and this huge increase in natural gas is worth about $4 billion a year. fracking has done four times as much good for low-income people as the low income energy assistance program. why don't we jus

. >> fracking, fracking jobs are counted as mining jobs behalf way it works. >> your number is wrong.as to be caringful about that. >>> last week we brought you the story of dow chemical and corning, two companies that praised the acod, but according to the intercept they funded a lobbying group that peated the white house to withdraw from the agreement. >> there you have it, hedging strategy there. >> the industrial energy consumers of america, a trade group lobbying on behalf of the industry, praised the president's decision, says the u.s. should never be a party to a global or bilateral agreement that does not provide a 4re68 playing field for manufacturing. >> that does it for "velshi & ruhle." >> have a great weekend. >>> see ya. t of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family, and we're usaa members for life. call usaa today to talk about your insurance needs. and you're about in to hit 'send all' on some embarrassing gas. hey, you bought gas-x®! unlike antacids, gas-x ® relieves pressure and bloati

there's something to be said for the renaissance in natural gas in the renaissance in fracking and horizontal drilling, which really might have pushed out the economic competitive nature of a lot of these alternative energies and is that one of the reasons that funding is being cut on some of these other programs >> well it's interesting what you bring up ten years ago, twelve years ago, there was a fellow traveling around the country talking about peak oil we found all the oil he didn't give us any ideas about what we were going to but he said fossil fuels are done. well, they were wrong. and i think again, it's going to be the innovation at our national labs, working with the private sector that comes up with even, you know, ideas about energy, sources of energy, that we may not have a knowledge about. if you're a clean energy individual, which you know, donald trump is. i am we're in all of the above approach to energy, nuclear power is going to be a -- a very important part of that so bringing our nuclear energy back, small mad u lar reactors, for instance, that's just on the front burner

fracking is becoming a huge industry. there is a natural move away from this area.going to be able to bring those back. the other point is that federal states are going to be able to make their own decisions. the governor of california has said they are going to work with china to cut carbon emissions. how much of an impact is this decision really going to make? we still get about one third of our electricity from coal, less tha n third of our electricity from coal, less than one third from natural gas. because us suppliers have increased production so much through fracking, we have such an abundant supply that we are competing with coal and increasing our electricity generation. that is what is driving emissions reductions. we have reduced greenhouse gas emissions more than any other developed country. we are leading, not by staying at the table with an ineffective international treaty, but by reducing greenhouse gas emissions. thank you for your time. let's take a look at some of the other stories making the news. president trump has asked the us supreme court to

china would love to have your fracking technology.t's something they discussed with the white house. we're already leading on this an we don't have to be driven by guilt or a sense of wealth redistribution because social justice supercedes economics. >> jenna: chris, i only have 20 seconds go ahead. >> the u.s. has a chief climatist. he said this has very lit toll do with the environment. the climate minister said it's about levelling the playing field. it's not about the climate. wealthier is healthy, wealthier is cleaner. the u.s. will continue showing leadership. this is an excellent step along that path. >> jenna: interesting. we'll be watching. chris, thank you very much. charles, thank you as well. again, watching key parts of the president's team. this a central prom toys the campaign to pull out of the paris climate agreement. what will the details be? we'll watch for more. i'm jenna lee. here's shep. >> shepard: it's noon on the west coast. the president is expected to announce his decision of pulling out of paris climate acc

today, we have made such unbelievable technological advancements in the world of natural gas and fracking that we are in a unique position in the united states where we have abundant supply of natural gas. natural gas has become so cheap today in the free and open market that we enjoy in the united states that it has become the cheapest feed stock we have. it won't always be that way. i believe in all forms of feed stock. i believe that every one of the energy components in the u.s. is an important energy component and in the cyclical nature of the world we live in, all of these different fee stocks at some point we'll make enormous amount of sense. i believe we should have a very diversified environments in the united states. >> you're the president's chief economic advisor as you know, major american companies including energy companies like exxonmobil, they supported the paris climate agreement. they didn't want the u.s. to pull out of it, the ceos of g.e., apple, so many other companies said pulling out would be bad for american business. so explain and you're an expert, why the presi

a lot of the commercials are in the fracking industry.fter margin they will lose people if the cost of doing business goes higher. we are at an intermediate point. 52 dollars in may. it fell apart after the opec meeting. it seems like 50 might be the top end of the range and we have just had a selloff the last couple of days. it has not been a very long period of time and, too, it is the end of quarter and midway through the year. vonnie: we have been in a range for so long, and all of a sudden a 20 basis point move. what about that? that is a central bank policy -- the u.s. driven by the federal reserve saying we will raise rates, then they mentioned the portfolio that shall not be named. and has happened recently why rates are up is because the ecb has said you know what, maybe that is right -- we will raise rates. i heard secretary rivlin saying central bankers are very careful. they are very careful and very forward saying we think we -- rates have to go up. this is driven by policy reversal. they have seen low rates have done their j

that could be an interesting reading about the frack log.is one of the big problems at the moment. >> we have seen the decline and when you see the oil prices, you think this is hitting opec because the whole reason they can't and they want to boost prices is because of the run revenue. but now we are seeing this frack log as the biggest in a long time. that comes as the same time as a record amount of increasing. u.s. production did increase today. but you have seen a market downturn in u.s. producers as well which is a sign that the u.s. supply maybe going down. nejra: thank you to bloomberg's abigail doolittle and bloomberg's oil trading european reporter alex longley. great to have you both and fantastic to see your charts. vonnie: time now to check in on the first word news with courtney donohoe. courtney: in flint, michigan the airport was evacuated after an apparent attack on a police officer. one witness says he saw an injured officer bleeding from the neck and a man being detained by the police. the officer is in critical condition.

lynn: i can tell you about the frack log. term that describes this inventory of wells being drilled using these rigs, that have not been completely -- completed or frack and brought into service. oil producers are waiting to bring that into service when the prices are right. the reason why it is so bearish for the oil market right now is the hast frack law grown to almost 6000 wells across u.s. oil fields. if you think about that on new production, that was -- represents about 100,000 barrels of new oil a day, just waiting to spring into the market. think of it like a spigot just waiting to turn on to flood the market. -- flood the market yet again, as soon as it starts recovering. yvonne: is this decline about supply? we are heading into the summer driving season. we should enjoy the warmer weather. lynn: you are absolutely right, we should be driving around and taking road trips. that is usually what we do this time of year. but, the government data is showing that our demand for gasoline is falling this year. it is well be

we are not fracking precipitation. earlier today, early this morning, we had spotty showers.tty sunshine. outside, clear skies at penn's landing, sky 6 live at spruce street harbor park, a lot of folks enjoying themselves under clear to partly cloudy skies. philadelphia 65. 60 in reading, dover, 58. cape may, 63. beach haven, 60s. straight 6 showing mostly clear skies, but to the north and west, we are tracking the next feature, a low coming from the eastern great lakes, sliding south and east as we get to the latter half of the day tomorrow. with that comes the threat of showers and storms. mostly clear, 47-degrees. 56 in center city for if overnight low. faps forward tfast forward to s. a minxtur mixture of sunshine ad clouds. a warm day with a high of 82. 79 allentown, 80 reading, coast and cape may, 72. 80 in trenton. future tracker 6, we are tracking the changes tomorrow. noon, cloudy skies across the region. as we get to the evening hours, a couple of spotty showers in the northwest suburbs. i would allow for something to pop up in philadelphia for the nighttime hours.

and in ireland, president michael higgins is poised to sign a bill that will ban onshore fracking across the country. ireland joins bulgaria, france, and germany among eu countries banning the drilling practice. meanwhile, in tacoma, washington, members of the puyallup tribe and their allies held a protest thursday at the construction site of a liquefied natural gas facility. the protest came ahead of a july 14 court appearance for six water protectors who chained themselves to construction equipment at the site in a bid to halt the project, which would hold up to 8 million gallons of liquefied fracked gas near a residential neighborhood. iraq's army on thursday declared an end to the so-called islamic caliphate, as the u.s.-backed coalition captured the ruins of the grand al-nuri mosque in mosul from isis. the mosque was the site where isis leader abu bakr al-baghdadi declared the caliphate in 2014. its capture came as iranian media reported baghdadi is definitely dead. that follows russian reports last month that baghdadi died in a russian airstrike in syria. meanwhile, heavy fighting

pulling out of coal and china canceled a hundred coal plants because thnology a moving so fast in fracking and solar and everything else. the marketplace delivers what we want. edon't need the u.n. and central authority to tell us what to do to get a cleaner planet. david: and what he said when he announced this, we don't want to be controlled by these bureaucrats over in europe and they, of course, they don't even abide by the rules that they demand for us. >> yeah, they just see us as a big piggy bank to finance their own governments and schemes. and the u.s. economy is strong and growing, we're exporting natural gas as we will be in a big way in a few years, that helps us and helps the rest of the world. technology is doing it. the theme of this panel, markets work, innovators making this positive, things happen. let it roll. bureaucrats out of the way, we'll do it. david: bruce, wouldn't you concede that if we were to abide by the paris agreement, it would cost us all a lot more money and that extra money, we usually use to control pollution. >> well, i don't know about that because li

. >> with fracking, gas, there is is too much competition and we're on a losing end of it. >> reporter: today coal is the nation's number two power source behind cleaner natural gas. jobs continue their long decline from 255,000 in 1979 to just 53,000 last year. now renewable energy is gaining market share fueled by falling prices and state support. >> the world is moving forward on the development of renewables no matter what and in this country, we're seeing a pretty miraculous transition. >> reporter: today, there are three times as many jobs in wind and solar as coal. there are more than 12,000 coal miners in west virginia. here they are more optimistic. >> it's a step in the right direction. >> reporter: in pennsylvania, they mine coal for more than 100 years. it's a family tradition. ed is a fourth generation minor, tony third. what do you say when someone asks you does coal have a future? >> it's too unsure. there are too many factors in it. >> reporter: too many factors they can't control. ann thompson, nbc news, scranton. mixed news on the economy tonight. slow down in hiring

if you have a climate agreement -- >> why do you think fracking and natural gas industries took off? because people found out they could make money there. lowering emissions was a byproduct of that. that is what happens when you have a growing economy blues people have an incentive to make money. dagen: cavuto and business 20 minutes from now. what have you got? >> the mainstream media, donald trump on climate change, russia, where is the rush to judge the positive news that is happening. a fair and balanced report, don't look now but there is a new push to make healthcare free by taxing the just about everything else. find out where. dagen: we can't wait. coming up why someone is saying the biggest threat to donald trump's tax cuts presidential c and russia. in washington dc, we send it back to to bowls and bears. dagen: donald from pushing congress again to pass healthcare and tax reform. some say the mess over all these intel leaks is delaying the white house's agenda, rush limbaugh thinks it is something closer to home. >> the republican party ostensibly the party of the presiden

that the oil boom and fracking, fracking -- basically does bring down climate gases. he's saying you know what? we're going to end the war in business. we're going to end the war on oil, we're going to put people back to work. what are your thoughts? >> yeah. it's rhetorically beautiful. i just don't know how this ends up working out. >> why? we have an oil boom now. >> the people donald trump has put in this administration and his attitude toward regulation where he just says for every two ones, there is an elegance for approaching, i think especially in this realm. i'm interested what -- liz: wait a second. they say "no" to pollution. they don't want pollution. we had a smothering pillow of regulations, especially in a energy sector that grosses down to 2%. >> i do understand that, and i do think we're overregulated, and i hear those small business owners that say they're being strangled. but donald trump is speaking to coal minors, for instance, in west virginia about an era that does not exist any longer. liz: why? you can bring back clean coal but that's for anot

this includes studying the toxic effects of fracking on groundwater safety, the downstream consequences of indudustrial pollutantnts, and e enenvironmental impact of oill spilills. we will have more on this story later in the broadcast. libya, rescue workers recovered the bodies of five migrants wednesday who drowned in the mediterranean as they attempted their trip to europe. the bodies were found as libya's coast guard said it picked up some 5000 migrantnts at sea. meanwhile,e, the itaan navy brought hundndreds of migrgranto shorore after, , including anant who died o of heat r related cas shortly after he and h his mothr were rescued. internationanal organization for migrationent some 1 11,000 migrants have been pulled from unsafe and overcrowded boats. this week alone. in mexico city, journalists and their supporters rallied wednesday outside the national palace to call on the government to take action to end a spate of attacks on media workers. the protest came as the committee to protetect journalis said mexico is the world's deadliest country for reporters so far in 2017. this is

so the drillers, the frack sands, those types of services are going to do well.you worked in the pits of the in the heyday there were traders, now that there's electronic trading, does that make it faster? and what do you think the president is going to say to make it more profitable for investors? >> well, it will definitely make the electronic markets move a lot quicker. i mean, you don't have the access of the pits to try to slow things down. there will be a quick reaction. as far as upgrading production and moving forward with jobs in the united states. i think that's a fantastic idea. the question is at $44 a barrel, is there enough gravy there in the oil patch? i believe $50 a barrel would be a target. if we can get up over $50 a barrel, i think we'll be productive and lucrative for just about everybody. liz: vice president pence is speaking at this very moment, and that probably means that president trump is coming up next. but, andy, yesterday we had the ceo of petroleum on, and he said it depends how you can squeeze out the profit. do you agree with that

natural gas, made cheaper from the fracking boom, has made profitability from: as possible. petroleum still takes the biggest slice followed by natural gas at 28% and coal at 18%. nuclear energy makes up 9% and renewables like hydropower, wind, solar bring in 10%. the share of renewable energies in the u.s. are increasing steadily. amid declining costs, more states are turning to wind and solar power. energy giants of realigned their strategies towards increased investment in renewables. sarah: thank you. quick reminder, u.s. president donald trump has drawn almost universal condemnation from u.s. allies after withdrawing from the paris clavichord. speculation that he had -- speculation had been swirling for the last several days. let's listen in to some of his speech. pres. trump: in order to fulfill my cell of duty to protect america and its citizens, the united states will withdraw. -- will withdraw from the paris climate accord. [applause] pres. trump: thank you. but begin negotiations to reenter either the paris accord for a really entirely new transaction on terms that

hamm is one of the fathers of fracking, he is a genius, and the country owes him thanks for doing whatdo, which is turn the united states into a net supplier of crude to the world, but i think he misses the fact that we're not the only people that will be fracking. >> let's remember one of the outcomes of the president trump visit to saudi arabia was all these deals with fracking companies. halliburton and schlumberger bay be exporting some of that technology, good for the companies, bad for oil prices, but i noticed something, roberto friedlander, an analyst at seaport global, iraq is now sending nearly as much oil to the united states as saudi arabia iraq on the ascension and just blowing through every barrier that anybody trying to set for them. >> take a look at what's gone on in libya. >> libya as well >> a year and a half ago they were producing a quarter of a million barrels of crude oil, now 950,000 barrels of crude oil per day. it probably will get back to what it was producing four years ago, nigeria is coming up very quickly. there's a real problem out there in the crude oil

if you have a climate agreement -- >> why do you think fracking and natural gas industries took off? because people found out they could make money there. lowering emissions was a byproduct of that. that is what happens when you have a growing economy blues people have an incentive to make money. dagen: cavuto and business 20 minutes from now. what have you got? >> the mainstream media, donald trump on climate change, russia, where is the rush to judge the positive news that is happening. a fair and balanced report, don't look now but there is a new push to make healthcare free by taxing the just about everything else. find out where. dagen: we can't wait. coming up why someone is saying the biggest threat to donald the biggest threat to donald trump's tax cuts liberty mutual stood with us when a fire destroyed the living room. we were able to replace everything in it. liberty did what? liberty mutual paid to replace all of our property that was damaged. and we didn't have to touch our savings. yeah, our insurance won't do that. well, there goes my boat. you can leave worry behind wh

let the market, not government. >> we wouldn't have fracking or horizontal drilling until the federalovernment came in to invest big over the past 40-50 years. a lot of federal money went into that. you have to keep in mine that federal is not just automatically a bad thing. it brings about a change. >> by the way, this is just mike from princeton university. we have to point out. welcome, michael. >> thank you. >> go ahead. >> listen, i know this story. however, i will beg to differ on one point, and maybe it's ju just -- this fracking technology was around for a long time, and the government did provide subsidies a long, long time. it was not, however, commercialized until very recently. that is pure entrepreneurship. that's what that was. >> you're right. >> it's a combination of government health and clever entrepreneurs that get the job done. >> listen, i'm okay. i'm okay if the government ponies up some science research. never against that. never have. i had this conversation with newt gingrich who is hawkish on the point, but i'm not okay getting into kmecommercializing these.

going right now, into big stocks like exxonmobil, which i do not own, but that group, including fracking stocks which were down harder but we're betting on a rebound. >> the steel sector is much smaller than energy, your choices as an individual investor are more limited. >> these two, i own both of these, u.s. steel and ak steel. u.s. steel is symbol x, ak steel is akx. both of these have been seeing some decent money flow after a big selloff. they were betting on the infrastructure spending that president trump talked about. it didn't happen. they came all the way back down to where they were before the election. now people are betting maybe something happens in the second half of the year and they want to get in for the last month of the second quarter. >> so as we say, this is to give the investor an edge. but do you then follow those fund flows or that money flow? and how quickly do you usually change? i mean, because those are big money trades. >> sure. >> they tend to trade more often than the individual investor. >> exactly. we try to parse through, sue, the very short term trade

neil: you could argue whatever, whether it is the agreement or just the natural evolution of fracking and push for natural gas that our missions have been coming down rapidly. so maybe donald trump looked at that and said i don't need an accord to make this happen? >> there has been evidence emissions have been dropping without the climate change agreement. what this really was though was a signal of a campaign promise kept. donald trump campaigned on tearing up this agreement, on withdrawing. he, you know, he talked about this a lot on the campaign trail. while, there were reports of him kind of lingering, decision lingering on, he had made up his mind while seeking input. this is also, he made lots of executive moves to help unravel obama administration orders as it pertains to climate. neil: that is a very good point. that could have telegraphed this decision. even if he had stuck with keeping in that club, he had already taken some of the teeth out. >>xactly. so, you know, this speaks to republican party base. i talked to a lot of republican strategists look, this will be effectiv