but by drilling two miles sideways, that's the horizontal component, and then fraking this rock, whichust means cracking it, you then draw the oil out of the entire system. >> the area that we worried the most about would be the federal government and regulations, specifically the environmental protection agency. we're concerned that the federal government would look at this and say, you know x we're really not sure. let's put a moratorium while we study it. that would be devastating. >> from a science standpoint u i know that we're safe. people ask me am i an environmentalist? my answer is yes. absolutely i am. i'm a farmer. i want good, safe drinking water here. i think that the country can learn by what north dakota has done. >> that's what i'm going to tell congress. you guys have to come see this. come and talk to the people. see what kind of people are here. see what made this country as great as it is. it's hard-working, blue collar people. not to say that we don't need politicians, but they're not what made this country great. it's the people on the ground. >> so we hope that c

>> without getting into too many technical details, it's the largest pressure proper fraking companyn north america. the switchover from natural gas drilling to oil drilling, people concerned about the fracturing business. the largest fracturer in the united states. when you're concerned about that, you're going to take the money away from it. all right? we think you're really going to see very strong margins continue through the rest of the year and start to increase maybe back to record levels in 2013. >> all right, shawn. good to speak with you. shawn reynolds of the vanek global hard assets fund. >>> if you're portfolio took a hit during the month of may, our guest right after this break can relate. coming up next, whitney tilson will reveal how he's managing his positions after his second worst month ever. >>> still to come, our trade of the day. lying behind that curtain is a name our own guy adami thinks could soon be picking up speed. hint, hint. stay tuned to find out what it is. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you

he came to denver recently for a field hearing that the subcommittee had on hydraulic tracking -- fraking. i do appreciate the work he does on that subcommittee but i have to disagree with him on this amendment and urge opposition to this amendment. it's identical to one that failed on this house floor by a bipartisan vote earlier this year in february. and i have to remind my friend and colleague that this issue has been repeatedly settled in the nation's courts of law with the courts determining that rewriting the terms of these leases to include price thresholds which the clinton administration apparently forgot to include in the leases, would be a direct violation of contract law. specifically the u.s. supreme court found that the department of the interior did not have the authority to rewrite these contracts that were issued during the clinton administration under the 1995 law. i also remind the gentleman that the department of the interior has lost this issue in the district court, appellate court, and supreme court. if this amendment passed the issue would most certainly be challe