we are proposing a new rule relative to fraking. the components of that rule is based upon the three primary recommendations that came to us from the department of energy task force. the three components we're focused on is public disclosures of the chemicals that are being used. drilling operations on public lands. many states have such disclosure policies in place right now. and we want to make sure that the standards that are going to apply to public lands are similar to what's being applied on state lands. the second component of our proposed fraking rule will address well bore integrity. to make sure that the casings that are being used during the drilling operation are secured. they're going to protect ground water. and then the third component is water management. both looking at the source of the water being used, because there's a significant amount of water used in fraking operations in most circumstances. and then second, what occurs with the disposal of that waste water after a fraking operation ceases. making sure the d

you know, fraking is not new by any means. about 90% of the wells that are being drilled today on public lands are using the fracturing so our inspections have always included looking at the fraking but again, the additional fees would provide us opportunities to be on site more often than where we are right now. >> the secretary has also indicated cently that his intention to raise the on shore royalty rate from 2.5% to 18.75%, can you tell me how these rate, the present rate and proposed rates compare to state rates? or state rates is probably the comparable point. >> well, it varies somewhat. let me just suggest our primary goal is to make sure the american taxpayer is receiving a fair return for the assets that are being developed. that's the least we that we can do. at the same time, as we go forward and we are -- we have analyzed what some of the states -- or many of the states actually are charging relative to royalty for production that are occurring within our own state lands, we've also done some analysis of what som

president obama doesn't seem to respect the fraking revolution. he doesn't seem to respect the permits and the drilling permits and the licenses as wilbur was suggesting. he just seems to always oppose it. is that an issue? is it a disheartening thing? is it bad for morale? >> no one understands the keystone decision. and i've been on the phone regularly with the head of transcanada, building the pipeline. the last thing in the world is that oil dry up. it's amazing. there's about as much oil up there as there is in the arabian gulf. it's amazing. but we don't want that oil be shed -- that pipeline going to the west to the chinese. we want it to come to north america. that will give us much better control over our own energy resource. i do believe that this is a major breakthrough. the hard-to-find shale gas. it's going to change a lot, the mix between natural gas and coal. natural gas prices are low. >> let me get back to wilbur. just tell me what you, you're involved in this business. what do you want to see? the billion dollars that got wasted

you mention fraking. we are anywhere close to fraking .ving aside your bias to the administration. you know they don't believe it. it is all green and all wind and solar and all of this nonsense. >> leaving him speechless. i want to thank charl yedagen. and talk about putting your money where your mouth is. two stocks they are buying with their own money. they are making a lot of money. so who ordered the cereal that can help lower olesterol and who ordered the yummy cereal? yummy. [ woman ] lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole gin oats that can help lower cholesterol? honey nut cheerios. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal econ

particularly to your children to visit and see this important exhibit which is at our library in the frakelture complex at 762 bolton street. the posters you see here are examples of elements in that exhibit. these are actual objects that are part of the kinsey collection that are on display in our exhibit. bernard i'm sure will touch on the collection during his remarks. our speaker, bernard kinsey, is one half of team kinsey. the other half is his lovely wife shirley, so please join me in welcoming shirley kinsey who is with us today also. stand up, shirley. now, my notes go on to say that a few years ago we had a wonderful opportunity to work with supervisors mirkarimi and are lee on the adoption of san francisco's slavery disclosure ordinance and we're looking forward to having is the same kind of experience with supervisor coyne as she moves forward in legislation with us the we're very excited about that undertakele -- taking. that was supposed to lead to a nice little smooth transition for them to make remarks. since they are not here -- somebody's coming, i'm told. on cue, supervis

we're beginning to pinpoint the problems are with certain deficient wells and not the horizontal fraking. i think certain numbers of pointing towards an infrastructure bank. i know that is probably beyond the pale. but additional loan programs that make it possible -- corporations right now are in a better position to borrow in the capital markets and those record corporate borrowing glass, they're borrowing at 3% coupons to be able to pay out more dividends and buy back more stock. yet it's very difficult because of the 15 to 30-year time horizons to borrow for extensive natural gas pipelines that take 10 to 15 to 20 years or for retrofitting utilities to convert from coal to natural gas even though there's major cost advantages. so i think having a couple add ones will give us a lot of bang for the buck in terms of both offsetting the headwinds but moving us forward with this -- with what i call a potential very important american growth story. >> we haven't talked about financial reform. the steps we have to take three, four years ago doesn't happen again. what you are looking for was

fraking has unlocked incredible potential and profits for energy in the u.s. but at what cost? cramer is drilling down with the company that's cleaning up the mess. coming up, the ceo of clean harbors. can they make your portfolio sparkle? i've been riding since i was 17. flat out my whole life. ran into a pretty serious medical issue. i was prescribed one drug one place, another somewhere else. turns out if i had taken both drugs together, i'd have been in real trouble. but unitedhealthcare spotted the danger, and warned my pharmacist in time. we only get one shot, and i want to leave this life exhausted. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and th

of the plummeting price of natural gas and the sierra club deciding that we're not going to have fraking -- oh, the president. i think the country is going to adjust, helped along by the missile crisis in iran and that petroleum and hydraulic fracking is here to say. i'm trying to find companies that have made fortunes for the shareholders and betting with them and not being shaken out by them. this is due to the daily market action. dick heckman is one of those people, the ceo. if you need immediate gratification, go somewhere else. it's going to be a long slog, but the southwest company will be vital for our nation's drive to be energy self-sufficient. those that are mad because the stock is going lower, i say get a grip, do some work, or get out. finally, this friday the most important day of the week, because friday is labor day. the day the friday employment report comes out. people are going to be on hold all week until we get this number. it is very crucial get a strong jobs number friday, and obama will shoot up in the polls. a weak one fuels the gop. i think it will be strong. i

seen its oil production slowly dry up, wilston, north dakota is seeing a boom because of hydraulic fraking way out of our economic problems? stu? >> let me give you the news of the day. the gas price spike continued over the weekend, up another $0.05. national average $3.80 a gallon. and the headline in "the washington post" today is gas prices sink, obama's ratings on the economy. >> it was down one day and i was getting hopeful and now up. >> three days where it levelled up and over the weekend straight up again to $3.80. >> why do you think? >> there's the change to the summer blend, you're beginning to see that and the price of oil is way out there at $107 a barrel. >> what's the lesson in north dakota? where are they doing things that other states should be doing? >> drill, baby, drill and you will get prosperity. >> it's not a joke like the president thinks. >> look at north dakota, they are drilling vigorously and about to become the number one oil location in the entire united states beating back alaska that has led for generations. they're offering $18 an hour at mcdonald's in wil