these things are used to hold water for the fracking. thirty five thousand barrels and so they'll pump water from one to the other until eventually it's pumped over to the frac and down the hole. it's fresh water all the water thrown in here is coming out of the city water line so it's all clean water. you know those spent millions of dollars on water for one frack is one of the biggest expenses or one of these wells the price. of the water after the frac they just log back out of the ground and they all off. to a disposal facility. right here this is called a flare natural gas comes up with the oil and so they have to get rid of it so they just burn it off right here the oil comes out of the pump jacks goes underground to the treaters and there it separates the oil the water in the guess this site your produce is more water than what they can pipeline out here so i have to come in with a truck intricate out to get to disposal facilities. keith air live sixty miles out of the list and on fort berthold reservation for black gold flows fre

oil workers are best suited to judge the eventual pollution risk caused by fracking. unfortunately this problem is not a priority they are in survival mode first and foremost they are in need of work. during the drilling phase radioactive to prepare up back to the surface is a major risk for workers and the environment some companies clearly are not concerned and do not hesitate to suppose of these toxic materials into wild dumps. especially teams are left to ship them back to suitable treatment so it's. in north dakota no one with an oil rich piece of land will tell you that fracking could be an environmental hazard. doing so could jeopardize one of the best ways to get rich quick. of course all beautiful stories have been in rhetoric christmas two thousand and fourteen all science turned red thanks to saudi arabia the staggering fall of the price per barrel of oil put it in and the moment of euphoria saw the us rise among the first producers of crude oil face to shale. we can feel the concern brought by the price cut everywhere and will is to now shows the science o

here we are in denton texas which is the first state and first city to do fracking and politically what do you think could happen with the saudis and the political machinations with the price of oil mitch well i think look what's going on for fracking has never been profitable oil popped up a bit now i think you had the death of one journalist that was rather unfortunate and saudi arabia was behind it and they came up with six different stories in four days or something to try to explain that away i think the biggest problem is what people aren't addressing is saudi arabia is no friend of america saudi arabia was involved in nine eleven saudi arabia will push oil prices lower but at the end of the day no matter what the rhetoric is coming out of washington or coming out of britain that they're going to do something about it they're going to do nothing because the united states is sowing one hundred ten billion dollars worth of weapons of war that basically are blowing up school buses in yemen and blowing up weddings in yemen and britain is the second highest participant in that so i thi

oil producer in the world that is true that we're producing a great deal of oil a lot of it due to fracking so that's all well and good but none of those headlines in the mainstream media outside the financial press tells americans at what cost so i want to show you just the headlines and some quotes actually from the headlines to tell you the difference why america russia saudi arabia they all three are the largest producers of oil in the world and the difference in the cost of production so this is from financial times and by the way it's from the fed has four times before the recent seven percent and six percent all the crashes coming russian oil groups hit sweet spot as profits surge companies awash with cash but falling crude price means good times may not last so russian oil companies have rarely had it so good rising oil prices coupled with the weakening ruble have sent profits for export are surging above forecasts they are russian oil and gas companies are having an absolutely fabulous year said alexei boll chicago general director of citi group global markets they earn more per ba

and how we should supply and how the government deals with it and fracking is officially nosediving in december twenty thirty and it's now plummeted from that point twelve percent support for fracking has dropped by it's now fifteen percent second lowest point so far since the u.s. has been doing the survey meanwhile opposition is growing ten percent since december twenty third now at thirty one percent of course this survey was done in september of this year this is before the earthquake started that press the new rows minor earthquake struck the mind of. the strong as well as the magnitude one point one this is of course a quarter of a sergeant preston you write in lancashire one point one magnitude that black ball now you say that none of the scientific evidence doesn't back this up what academics in the us and academics i've been saying is these minor squads of them pretty loose more major instance because essentially the more you shake the rock that we stand on the more on the mind the rock is going to become and the more likely the larger earthquakes to develop will do little add

a large backlog of oil waiting to be frack. pipelines in the permian are less than 12 months away. another potential boost, the middle east. it's most active international market. it tried to grow market share and inch towards higher pricing power. is all of this enough for this time to really be different? i recently cut off with jeff miller, the ceo and asked him if investors will rebel, preventing oil companies from increasing, putting a dent in the oil services plan for recovery. we are in aally, depleting industry. a reading that gets used gets consumed. forevernot a sustainable situation for any business. i also think that a strong commodity price and the ability to earn returns at some point is awesome. >> is it a strong commodity price for you? >> i think the range is that $70 looks pretty strong to me. >> part of that is going to be on you guys to try to make e&p a merit -- manufacturing company. it will not be about your base and our discovery. how do we do that? >> i think the tougher or the bigger opportunity is aro

the production in fracking oil here is to have mines first one is from august twelfth twenty eighteen in wall street journal crackers burn cash to sustain us oil boom many us trailer surf increased spending but not production forecast pointing to possible slowdown the other is also from austria journal may seventeenth while it's above seventy but facts are still struggle to make money most of the top twenty shell oil producers spent more than they made in the first quarter that's called negative going yes that's right and the point being that fracking industry is short term unsustainable too costly and environmentally unsound but the competitive nature of the oil market being what it is the low cost producer like in russia saudi arabia saudi arabia you know their costs of like under five dollars a barrel you know still in the gallery or oil field you know as you point out sure i mean this is remarkable that while the fracking industry in the us a sustained by monetization is to say it's debt based and they've they've survived on zero percent interest rates that's the only reason why i

we will be talking about oil and gas and fracking. we will be talking with aimee allison in georgia, head of democracy in color and she the people about women running in elections all over this country. forfinally, censu amendment pregnant florida, if passed today, could mean the enfranchisement of more people in this country than ever -- well, except -- no, just a century ago when women got the right to vote will stop stay with us. ♪ [music break] amy: this is democracy now!, democracynow.orgrg, the war and peace repoport. i'm amy goodman. as we turn to the historic number of women of color running for public office in today's election in the united states, motivated in part by president donald trump's constant derogatory remarks against women and the numerous claims that he committed sexual assault, at least 255 women are on the ballot as congressional candidates, including a record number of women of color. in addition to 59 black female congressssional candididates, in georgia, stacey abrams hopes to become georgia's first black g

what's your view of how the government is treating the whole fracking process up there. well i mean the government has sort of gone going to force fracking on to communities that said that they didn't want it they forced it through when the public didn't want it the council didn't want it and as an energy policy therefore start on to communities so i think obviously not only is that. morally. in a democratic country but it's also the emissions of methane that come out of a fracking site that the poisoning of people's local water supplies the damage to water tables and the ground i mean it's you know there's so many reasons why fracking is not a good idea and roger was actually a little over. yet of course they would like to say that. i don't need to file thank you. well u.k. labor leader jeremy corbyn this week said environmental protection is critical in any brics it deal and has had a chance to draw macdonald says the queen could intervene to allow goldman to form a government if to resume fails to pass had deal in westminster about how regal is to resume as a becoming

at the same time that gets to near wellbore fracking as far as far field, diversion, and some of the do that i think will make, makes the core good but it makes not the core the core effective as well. that is the long-term opportunity for halliburton and customers is how we solve for those things. alix: does it make more competition? jeff: it is a competitive market. everywhere in the world. a lot internationally as well. there is a lot of demand for our services because of two things, service quality and performance and technology. alix: we are seeing acceleration decline rates in the wells drilled in 2014 and 2015. are you seeing that in wells drilled last year? >> we were exploring until last year. a huge resource base and still a lot to learn. alix: did you feel like we are seeing a spike in recovery or we are getting better recovery? jeff: it is hard. hard to say. it would be hard for me to call that. broadly, the effective technology, sand volumes, the different types of treatment are contributing to better performance. alix: international, where is your biggest opportunity? j

[inaudible question] >> north dakota doesn't really have any movements to ban fracking. people are pretty friendly to the industry there. it's rick-- regulated by the north dakota industrial commission which has three members on it and they are sort of known to be more cooperative with the oil industry rather than punitive. when there's been a big oil spill or salt water spill or pipeline, their first move isn't necessarily to slap a fine on someone. they try to reduce fines and give them a period to work it out. i think people in north dakota are really grateful after many decades of decline in population and no economic opportunity to have this industry that has really high-paying jobs. i know the salaries have come down somewhat, but back in the day people could make a hundred thousand dollars a year with very little skill and come up as joined the labor force and so that's been seem largely as a good thing by people they are. [inaudible question] fracking is different in different states, so north dakota does not have problems with earthquakes. yeah, each state is so

in a democratic country but it's also the emissions of methane that come out of a fracking site that the poisoning of people's local water supplies the damage to the water tables and the ground i mean it's you know there's so many reasons why fracking is not a good idea and roger was actually middle of. the quake's of all the money yet of course they would like to say that. i don't believe that and i felt like you. well u.k. labor leader jeremy corbyn this week said environmental protection is critical and then he breaks it deal and his shadow chancellor john mcdonald says the queen could intervene to allow goldman to form a government if to resume fails to pass had deal in westminster about how regal is to resume as a becoming corbin leading in the u.k. opinion polls said as much of the role of brecht's at secretary of state pm queues prime ministers apparently heading off to brussels today but the new breaks it secretary is another non travelling breaks it secretary who is apparently not going with her i wonder if the post is now i would have supposed is now an entirely ceremonial

fracking gave americans a lot of new job opportunities i needed to come up here to make some money i could make twenty five thousand dollars as a teacher or i could make fifty thousand dollars a year truck so i chose to drive truck people rush to a small town in north dakota was among the employment rate of zero percent is like gold rush is very very similar to a gold rush but this beautiful story ended with pollution and devastation a lot of people have left here i don't know too many people here and just slow down for much they lost their jobs that laid off the american dream is changing that's not what it used to be. and it's a tough reality to deal. you . know. even one person is killed and two hundred injured in chaotic protests across a frenzy over soaring fuel prices. they take their money every day we have small salary we can make ends meet by the end of the month overtaxed pensioners can barely survive the street has broken the camel's back micro and his buddies just like those before him ascending things from bad was the pentagon fails its first.

new nail salon and all of this kind of activity all of these companies that are surviving in the fracking business looking like them a shortage of. skilled workers this all comes tumbling down once the psychology of the stock market changes in corporations no longer stop start buying back their shares of stock which is one of the things that's been proposing the market this is all going to come into our head whether this is the catalyst here today i don't know the curious saying is trump is blaming democrats we had a profit scare today and you know one of the suppliers to apple to the i phone is reporting a slowdown well this is another thing how many more phones do we need who needs a phone that doesn't have one so the same thing i said in two thousand and seven. who needs ows the didn't already buy one so. we're going to have another technology bust. and then we'll see where the alleged shorty of workers really has to repay a point there they the price discovery day of reckoning is is not far off and part and parcel of this discussion would be according to e.b.'s the wealth of billionai

oil producer in the world that is true that we're producing a great deal of oil a lot of it due to fracking so that's all well and good but none of those headlines in the mainstream media outside the financial press tells americans at what cost so i want to show you just the headlines and some quotes actually from the headlines to tell you the difference why america russia saudi arabia they all three are the largest producers of oil in the world and the difference in the call aust of production so this is from financial times and by the way it's from the fed has four times before the recent seven percent and six percent all the crashes coming russian oil groups hit sweet spot as profits surge companies awash with cash but falling crude price means good times may not last so russian oil companies have rarely had it so good rising oil prices coupled with the weakening ruble have sent profits for export are surging above forecasts quote they are russian oil and gas companies are having an absolutely fabulous year said alexei bowl chicago general director of citi group global markets they earn

a well it is 90,000 barrels to frack a well. is a lot of unused resource in colorado and throughout the west that can be utilized on a revenue basis -- storage, transportation, you're going to see infrastructure build, you're going to see water treatment plants -- all of these things are going to be done in the private sector over the next 10 years. alix: what would be your exit strategy then for your investment? chad: well, there are some public companies in the water space, but it is limited. i think the entire market cap of the active water space is less than $10 billion. five or seven companies. so you're going to look and see over the next 10 years, it's almost going to be like the tech boom and water's going to be a big driver of that. you saw after 2012, a lot of the oil and gas companies go public, private equity dollars poured in with the resource at the bottom of the forward curve. you're going to see private equity play a big role in building out the water business, and the natural thing will be taking it public. alix

had any profits for years they're kept alive by these you know zombie financing look at all of the fracking you know the this is going on in these companies are struggling to pay bills if interest rates rise high enough so the zombie corporations are going to go under you know you know they're like the claim is that we have this job shortage racks and we have us shortage of skilled labor. it's ridiculous it's the same thing happened in two thousand and seven early claim we had a shortage of out ok and the proof of that at the time was people were lining up outside the street all the way around the block waiting to enter a lottery for the right to blow up by a florida conduit so it certainly looked to why we did not have enough condos in florida in two thousand and seven then i was we had an amazing glut of them and no one could get rid of the things in the housing bust the same thing is going on right now max in the jobs market here it looks like we've got a shortage of labor but in reality it's a couple of things but to actually i think corporations are just advertising for jobs that don't

fracking stopped. >> low price of oil cuts business investment in the u.s.-producing country now much more than a consumer country as far as price of oil goes. >> go ahead. >> sorry. i was going to say, think about the implications of this, though. okay. what does this tell you? it tells you this president has essentially created open season on this type of behavior around the world. he has given a free pass to despots, to dictators around the world. if you're duterte in the philippines, erdogan in turkey. gosh, he's been more aggressive on this than president trump. how can you -- and putin. how in the world do you think the united states will hold you accountable for any of this type of behavior? the future? they're not. you'll go to them with a checkbook, a blank check and they'll let you get away with it under the trump presidency. i think this is a crisis-like situation we're in with this president in terms of essentially giving away the store just related to the situation. by the way, if you're -- the whole idea of not being able to hold these countrie

campaigners against fracking are continuing to raise environmental concerns, following a series of earthuld be banned from ever leaving the country. the authorities have started legal proceedings against asia bibi, to place her on a travel ban list, as part of a deal struck with islamists. the agreement ended three days of violent protests across the country. ms bibi, who's a mother of five, had been on death row since 2010. she was cleared by a court earlier this week but has yet to be released. sucunder kamani reports. the punishment for blasphemers, hang them. this was the chart at a demonstration in islamabad which saw thousands of protesters out on streets in cities across pakistan. they are angry this christian woman, asia bibi, had her death sentence overturned by the country's supreme court. she had been convicted of blasphemy following an argument with a group of muslim women in her village who refused to drink water from the same cup as her. after the verdict, supporters of hardline clerics set up these roadblocks, occupying key interchanges, causing huge disruption. but today,

campaigners against fracking are continuing to raise environmental concerns, following a series of earthar, the met office has confirmed the uk, has experienced more weather extremes in the ten years, compared to previous decades. the hottest days have become almost 1 degree centigrade warmer. while the coldest days are not so cold. and the number of nights when temperatures stay above 20 degrees centigrade is increasing. the met office says the changes are consistent with man—made global warming. here's our science editor david shukman. the year began with the punishing conditions of the beast from the east. roads were paralysed by snow. but 2018 also brought the total opposite. with intense heat in the summer. and the met office says that as the climate changes, more extremes like this are likely. it was no picnic being on the road before the gritting and sending before the gritting and sanding vehicles put in an appearance. the scientists went through weather records from as far back as the 1960s, tracking floods and other events and they confirmed what other researchers are saying, t

gas company cuadrilla says it's seen the first natural gas flow at its site in lancashire, since frackingago. the company says it's a good early indication of the gas potential of the site. campaigners against fracking are continuing to raise concerns about its potential impact on the environment following a series of earth tremors. leicester city are preparing for their first match since the death of the club's owner in a helicopter crash at the weekend. strikerjamie vardy says city's players want to play at cardiff tomorrow so they can honour vichai srivaddhanaprabha, who was one of five people killed in the accident outside king power stadium. natalie pirks reports. is one of the hardest, i think, weeks that myself and the lads have hurt to go through. it was another day of quiet reflection for leicester city players today. but this isn't just about an owner. leicester city players today. but this isn'tjust about an owner. it is more personal than that. this isn'tjust about an owner. it is more personalthan that. he wasn't just the chairman. is more personalthan that. he wasn'tjust the

campaigners against fracking continued to raise concerns about its potential impact on the environmentr way this weekend with all sides using it as a warm—up for the world cup next year. wales play host to scotland in cardiff, ireland are at home to italy and england face south africa. england coach eddiejones has downplayed the importance of the next couple of games, suggesting his side don't need to win any of their autumn internationals. our sports correspondentjoe wilson is at twickenham. england are here at twickenham for a home match tomorrow against south africa. it starts their sequence of autumn internationals, but they have spent the week preparing in portugal. that was not just about the weather, they had sunshine and showers over there. there is a general sense of acclimatisation. if you train in one place, you get on a plane and play a match in another, that is similar to what england will do in the world cup next autumn. and they are looking for any advantage they can gather because remember england in their last six internationals have lost five, that once dominant feel.

fracking gave americans a lot of new job opportunities i needed to come up here to make some money i could make twenty five thousand dollars as a teacher or i could make fifty thousand dollars a year truck so i chose to drive truck people rush to a small town in north dakota was among the employment rate of zero percent like the gold rush it is very very similar to a gold rush but this beautiful story ended with pollution and devastation a lot of people have left here i don't know too many people here and just slow down too much they lost jobs that laid off the american dream is changing that's not what it used to be. and it's a tough reality to deal. some people also give full roughly constant for just twelve euros fifty per month. the week's biggest stories from artsy remains ministerial in the british prime minister battles to save her. and her own government and a week of resignations recriminations and second referendum called. the last in peace to consider the national interest and give it to their backing of the withdrawal agreements represents a huge and damaging failure the