get the natural gas out. to test it you want to turn it an eighth of a turn and turn it back to the way it it was. notice the little thing? that's going straight with the flow of the pipe that means it's open. if it's across that means you turned off the gas. the eighth of a turn you didn't turn it off you just moved it. these are in better shape. if you can get to this valve, safely, the building's collapsed on it you can't get to it you have to use the one in the street. pg and e put all the meters outside the houses in a lot of the neighborhoods, these are pretty easy to get to. they are easy to find. if you can find the little round circle in the sidewalk. if you look directly at the house you will find this meter and this shut off on the ground floor. in is a closeup of the shut off. in is the wrench i recommend you you use it for other things. they are cheap and they will work. this is great because you can use it somewhere else if you have to. an adjustable open end wrench. a diagram are off/on. shut o

natural gas, royalties, a hearing and gasoline prices. when we ask for more specifics on his legislative agenda, he was far more cautious. we did not hear as much about the specific legislation within the committee, speaking to what you are talking about. he knows where he wants the committee to go, but given the gridlock in any legislation, that is yielding a much more sort of difficult looking crystal ball right now. we certainly have not heard yet on the specifics and what they are. >> the committee has moved into a de fall oversight committee, that is all they can do, no matter the focus. it will be an oversight and there is not a lot that congress can do on gasoline prices. we see this debate every year. that the energy committee is doing great oversight and when we asked him about senator reid and the majority leader, he does not really answer that question because the answer is probably no. that senate and democratic leadership needs to focus on beating back these items. so, everything is playing second fiddle to these big fights p

i switch to natural gas. immediately have an advantage over my competition because my fuel bill is half of what his is. melissa: yeah. >> so it's -- it is serious. melissa: makes all kinds of sense. one of main things stands as barrier to entry and fueling stations and having actually infrastructure. costs about a million dollars to build a liquified natural gas fueling station. how does that compare to regular gas station and, where do we stand in terms of building out that infrastructure? >> well, don't compare it to regular gas station. because, lng will have to be fueled at truck stops. so you're really sitting next to diesel, not gasoline. so don't have the idea your exxon station two blocks down the street from your home is where you will are going to fuel these trucks. they will be fueled on the highway in truck stop so it's, and you don't need that many stations. if you look at, across the ited states 3,000 miles. you don't need, if you actually, they have got 600 mile range on the trucks. you don't n

act of 1938 controls natural gas exports. do you think congress needs to revisit that law? we are going to look at all of these issues in a thoughtful way. it is pretty clear that our statutes have not kept up with the time. the last major energy bill was before the natural gas revolution back in 2007. we ought to have a thorough review. the condition in the energy and national resources committee has always been to focus on the production side. we still will do that. i am also going to do everything i can to put a new focus on consumers. the prices that consumers pay and businesses pay, and let us face it gasoline prices are almost four dollars. for this time of year they are way above the kind of increase we would be seeing. i do not think there is any reasonable explanation for it. tax law clearly favors the speculators. i think it is time we look at the refinery question, which hasn't been looked at. we are going to put a new focus on consumers. >> do you think that this country can have an overall energy policy that is e

. >> gas leaks level buildings. >> it was the biggest explosion i had ever seen. >> gas stations erupt into infernos. and rescue workers put it all on the line. >> it was the closest call i've had. >> dire circumstances. >> i'm thinking there's no way somebody's going to live through that. >> disaster, heroism, survival. >> i can't believe i'm alive. >> you won't believe your eyes. >> boom! it went up. >>> hello. i'm contessa brewer. welcome to "caught on camera." dangerous materials are used every day, usually without incident, because safeguards are in place to minimize risks. but natural disasters and man-made accidents happen all too frequently, and when highly flammable materials are involved, an emergency situation can become a fireball. may 15th, 2009. firefighters in texas are battling a blaze at a tank facility that stores oil, gas and sea water. just when they think they have the fire under control, a flare erupts from the tank on the right. it's not a good sign. and in a matter of seconds, the tank launches into the air like a rocket. >> everything went bright. the heat was

breaking it down, about 15, 1-5 that comes from the natural gas vehicles like trucks or natural gas stationsis can become a much larger part of the test down the road. once we have the infrastructure and other companies enlightened on this issue continue to make the switch. even though they are not a huge part of the pie right now, chart industries buffett talked about this morning, about 25% of the company's revenues comes from liquefication equipment. energy is building. another 15% of charts revenues come from processing equipment. that's used to separate liquids like propane and et thain and all told, roughly 55% is processing natural gas. exporting or using it as a vehicle fuel with the rest coming from industrial gases. that exposure is why i like chart here and why this stock has been on fire. right now china is dramatically ratcheting it up its use of natural gas and they are even building out infrastructure to start replacing as a transport fuel as i've been recommending endlessly on this show. that's a big reason why chart increased by 15% and should grow similar amount for 2013. n

also, if you are worried about global warming, burning natural gas releases less greenhouse gas than>> flack go feels wrong. it feels like you are pumping stuff into mother earth. >> john: a liberal european environmentalist points out that europe promised to cut greenhouse gas emissions but didn't cut them. >> we managed to cut half what you accidentally happened to do when you stumbled on fracking. >> john: so it brings fuel cheaper, maybe better for the world. why are these people so mad? >> they worry about energy companies shoving these dangerous chemicals into the ground. >> this is seen sfraen a documentary called gas lane. >> the documentary gas land. >> they gave it director an emmy and matt damon features greedy energy companies destroying the promised land. >> if it happens to one of us, it could happen to us all of us. >> john: yoko ono started artists against fracking. and so is the left wing media. >> it comes up by the millions of gallons and protests grow. >> a lot of people are getting sick. >> john: you would think assistant the anti-fracking movie includes this fri

this gas field is part of the solution. it is estimated 2 1/2 hall 275 billion cubic pieces of gas. there are estimated reserves of up to 450 billion cubic meters of gas. and in the entire basin, it is estimated to be more than three trillion cubic meters of gas. 40 percent of that is in it is really waters. but gas exploration in the area has become a contentious issue. potential of much tother situations, similar what has been found in israel, and elsewhere. >> the two biggest shareholding companies want permission from the israeli government to export some of the natural gas. if they get it, the next question is which route should the pipeline take? they have not made a decision about exports yet, but it has released a statement. >> we are taking an important step towards energy independence. we have developed a natural gas segment in the last decade which will be good for all is really is. >> the development of the gas fields is a significant geopolitical change. it could allow israel to strengthen its ties with its neighbors by exporting it. but natural gas could become another

natural gas. >> sounds like the train could be leaving the station on a new opportunity for natural gas. cramer's got the stocks that could be on the right track. >>> and later -- power shortage? investors have favored utilities for a steady charge of income from dividends. but what happens when the company pulls the plug. tonight cramer's got the warning signs that could help you keep the lights on. >>> plus, real deal? american realty capital properties owns square footage of national chains like dollar general and walgreen's as the nation's economy improves, could these lots turn into the promise land? cramer's talking to the ceo. all coming up on "mad money." don't miss a second of "mad money." follow @jim cramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] with citibank it's easy for jay to deposit checks from anywhere. [ wind howling ] easier th

they don't have the shale nat gas. we've got the nat gas.e don't seem to have the will power, at least in washington. >> not in washington, but that can be a blessing. we don't want help like we got help with ethanol. >> right. okay. fair enough. >> this is being driven on economics. and yes, it's taking time. i believe we're well beyond the tipping point. >> you do? even though -- i'm reading like fed ex said last week, it's coming, the tipping point. dave demers from westport says it's coming. you think we're beyond the tipping point? >> well, in terms of actual sales, actual consumption of natural gas and transportation, the tipping point is coming. but in terms of key people making the commitment and putting the investment in to make it happen, that's happening. this announcement with shell is big. >> this was the big one. everyone missed it. don't you think it's interesting that it got about three inches in the papers? wasn't this the big one? >> well, i think we've had a few false starts with a couple of the natural gas companies. >> r

plus the boom coming from all of our oil and gas. and these have been signaling these kinds of terrific quotes. of course, the same people who want you to stay in your paycheck chains came out of their multi-million-dollar mansions all week to tell you that you can't buy stocks here because the economy is humming to the point where the fed has to stop its bond buying program. maybe stifle growth, and rates will shoot up when they try to sell all those bonds. these critics don't believe the fed chief ben bernanke knows what he is doing. and they've wanted you to sell all of your stocks for the same reason over and over again for thousands of dow points. these are the same wealthy souls who bemoan anything good that happens, because they've already made it and they don't care if you make it, too. look, it's entirely possible that bernanke actually does the right thing. interest rates go up. but the economy still gains steam and earnings, they're not crushed. that's been what's happened before. now, i know there's been billions of bonds

oil, natural gas, fuel is dirty.g in the dark ages. >> i hear the zealotry coming from the other side, john. i don't see zealotry coming in i see statistics uncomfortable for you. >> john: his side won in my state. persuading politicians to stop all fracking in new york. that makes me uncomfortable because the world needs energy where energy is limited. >> life is cruel and life is short. energy matters, we take them for granted. we really shouldn't. >> john: coming up, something >> john: coming up, something else we shouldn't take for [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on tnkorswim from td ameritrade. ♪ every signature is unique, and every fingerprint unrepeatable. at sleep number, we know that up there with your social security number and your phone number is another important number. your sleep number. s

oil, natural gas, fuel is dirty. dark ages. >> i hear the zealotry coming from the other side, john. i don't see zealotry coming in i see statistics uncomfortable for you. >> john: his side won in my state. persuading politicians to stop all fracking in new york. that makes me uncomfortable because the world needs energy where energy is limited. >> life is cruel and life is short. energy matters, we take them for granted. we really shouldn't. >> john: coming up, something else we shouldn't take for granted, five gallon gas cans. like lobster lover's dream or new grilledobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 coupon on two lobsterfest entrees. that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ♪ (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. try a

gas. it isn't an issue. there are environmental practices that need to it be followed. whether it's the casing designs put in place. making sure we minimize the footprint around some of our facilities, and the industry is taking actions to address those concerns. but fundamentally, it's safe, it's been in use for a long time and it's a windfall for this country. >> i guess the white house recently came out with an environmental report as it relates to the keystone pipeline. they said in fact, it is not going to impact the environment negatively. what was your thought about that report? >> no surprise. we have 2.5 million miles of pipelines in this country. we know that moving oil and gas by pipeline is safe. again, we have to have the right safeguards in place, but the industry has only improved its standards over time, and has performed better and better. >> this is an opportunity to create millions of jobs. isn't that right? >> well, it is. in fact, some estimates would say there's 1 mil

oil, natural gas, fuel is dirty.g in the dark ages. >> i hear the zealotry coming from the other side, john. i don't see zealotry coming in i see statistics uncomfortable for you. >> john: his side won in my state. persuading politicians to stop all fracking in new york. that makes me uncomfortable because the world needs energy where energy is limited. >> life is cruel and life is short. energy matters, we take them for granted. we really shouldn't. >> john: coming up, something else we shouldn't take for ♪ some people will do anything to help eliminatlitter box odor. ♪ discover tidy cats pure nature. clping litter with natural cedar, pine, and corn. this is another! ta-daa! try charmin ultra strong. it cleans so well and you can use up to four times less than the leading value brand. oh! there it is. thanks son. hey! [ female announcer ] charmin ultra strong has a duraclean texture that can help you get clean while still using less. and it's four times stronger versus the leading value brand. charmin ultra strong h

-- natural gas was the establishment and creation of our huge liquified natural gas platform in qatar with qatar petroleum. qatar is now the largest exporter of-- energy in the world from being almost a nonplayer in the early 90s. >> and with it has become a political player. >> all of that, yeah, enabled by technology advancements. so we secured that. and we were watching what was going on in this shale, unconventional resource in north america which was largely pioneered by the independents. >> why is that? why wouldn't exxon have pioneered that. you had better resources. >> well, the nature of that resource at that time was to develop a small amount of resource with one well and then another well and so as we looked at it, we said you know, the materiality of that resource has not been established for us. it's not that we couldn't go do that, but we were not convinced that the technology was going to enable the resources to become material, significant. well, that's been proven to be the case now. and so as we watched that be confirmed, and we continued to hold our views that natur

gasil-gas -- put a very pro- spin on the extraction and said natural gas was the bridge or will be a bridge to low carbon future, said the environmental index related to fracking are challenging but manageable, and also endorsed natural gas exports, which is a very industry-friendly position to take. it prompted some criticism immediately from people who pointed to the fact the report was actually industry-funded, much like the initiative itself. it was extremely influential for policymakers. ernest moniz testify before congress on the report. it had immediate impact as well. it came at a critical time for the industry, which was facing significant questions about the safety of fracking, relative environmental impacts of fracking, and we took a closer look at the study and found beyond just the industry funding of the study, there were significant conflicts of interest that when a disclosed -- conflictstself of interest that when un disclosed in the report itself but was not just funded by industry, it was also authored by industry representatives. >> kevin connor, a want to turn to

this is the time of year when gas prices often go up. but they're actually inching down a little right now. new at 11. kron four's jeff bush talked to drivers who are happy about that. this 76 station on powell street in emeryville is selling their gas for 4.13 a gallon. the station is just off the freeway and there are cheaper prices farther away but drivers were more than happy to see the price drop. while the price drop is not really all that much in the grand scheme of things the drivers i talked to say that any reduction is welcomed and they hope the gas prices will continue to go down. that might not be the case because the summer driving season is about to kick off and traditionally, prices start creeping upward during that time. i'm jeff bush in emeryville, kron four news. let's take a look at gas prices around the bay area. in san francisco. it's $4.22. in oakland. $4.11 and in san jose. $4.13. >> jacqueline: reduced visibility. along the coast. we will see the north bay and delta it will clear out faster this morning, with warm

else. >> natural gas price is going up. this is not the nat gas stock i want you in. i think you wait until 23 and then sayonara! and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade. >> caller: hi, jim. this is bill from state college, pennsylvania. >> yes, nittany lions! >> how's pops? >> how's pops? we had the best time this weekend. went to dollar tree. it was just terrific. went to morning glory for brunch. got a lot of candy. met this woman. she said what are you doing here at the checkout? dollar tree. karen. in my home state of new jersey. >> caller: hi, jim. >> hi, karen. >> caller: i recently enjoyed a "mad money" burger at the hatch. >> you had the burger? did you like the dollar sign? i got a burger named after me. it's a cheeseburger -- it's -- anyway. >> caller: boo-yah from cincinnati. >> what's going on out there? >> caller: well, it's a little cloudy, but it's very nice, warm weather. >> that's good. a little chilly here today. i hope

it is a frozen form of natural gas comprising methane and water. the researchers are testing whether they can sustain stable extraction of the gas from the solid. >>> right now 99% of the crude oil and natural gas used by people in japan comes from abroad. but that import burden is weighing down the economy. so the government and industry are working hard to find and tap domestic energy sources. nhk world's kaho izumitani has the story. >> reporter: researchers in japan have been hunt for methane hydrate since the 1990s. they estimate it could cover the country's natural gas needs for 14 years. and that's not all. they found evidence of methane hydrate elsewhere in japanese waters. somers perts say the total amount could provide natural gas for the next century. >> translator: the fact that natural gas can be extracted within the japanese exclusive economic zone is a huge advantage for japanese industry. >> reporter: the push to find new sources of energy got stronger in 2011 after the nuclear accident in fukushima. only 2 of 50 commercial nuclear

gas position has been turned around and today the united states is the largest producer of natural gas in the world, and by the end of the decade we may exceed saudi arabia tonight world's number one oil producer. we'll certainly give saudi arabia a very good race for its money. >> reporter: here in texas unconventional oil and gas drilling is helping to fuel the state's economy, directly and indirectly, creating nearly 580,000 jobs last year and expected to account for 930,000 jobs by 2020. according to research from ihs sierra, over 1.7 million jobs are tied to unconventional oil and gas development today, extending to every one of the lower 48 states and rising to 3 million jobs by the end of the decade. building more pipeline capacity, including the keystone xl pipeline stretching from the canadian tarsands through the middle of the country to the refinery-rich texas coast is also expected to drive employment growth. >> keystone is going to support, according to the state department, 42,000 jobs in the u.s., just in terms of the construction alone in the states that we're going thr

here is a mock up of a gas hear the on a house. where would we find the gas meter? >> it should be in your garage. everyone should be familiar with where the gas meter is. >> one of the tools is a wrench, a crescent wrench. >> yes. the crescent wrench is good and this is a perfect example of how to have it so you can loosen it up and use it when you need it. >> okay. let's go inside to talk about fire safety. many of the issues here relate to fire, for example, we have a little smoke detector and i see you brought one here, a carbon monoxide smoke detector. >> this is a combination of smoke and carbon monoxide detector. they are required in single homes now and in apartment buildings. if gas appliance is not burning properly this will alert you before the fumes buildup and will affect you negatively. >> this is a battery powered? >> this is a battery powered and it has a 10 year battery life. a lot of times you may have one or the other. if you put in just a carbon monoxide detector, it's important to have one of these too. every house should have a fire extinguishe

gas fumes will creep down to the bottom. if you have to store gas, store it mostly full. if you have an empty gas container -- if you want to protect yourself put cords across it so it doesn't fall in an earthquake. you screw it in. strap it across. make sure the shelf is screwed into the wall if it's screwed into a stud it will not tip over. when you go home look at your hazards. get everything in a box. there is no correct spot to put it. some people get a can and put it in their yard. it's up to you. there is no correct spot it's where everybody in your family knows where it is. if you are not home and a disaster hits who the find it. the whole family gets involved you, yourself, family members, kids, let them know where it is. if something happens they can help /thefplgz. themselves. if you can help yourself you take a load off of us. yourself, your neighbors a few hours after, we know that [inaudible] activated a few times for y 2 k after 911 we had people. the [inaudible] has not know tried yet if you go there after a disaster you will be by yourself. a few hours af

this comes from our own charlie gas.says morgan stanley is speeding up the purchase of remaining portion of smith barney brokerage. we heard american express is buying back 15% of the stock outstanding. capital one increasing its dividend 30 cents a share. a lot of news coming on the edge of this new decision by the fed to clear a lot of banks. ally and bb&t not cleared, not getting away so easily. jpmorgan and morgan stanley also having trouble that might affect the market tomorrow but it will be a huge day for financials tomorrow. so stay tuned for that. this guy knows financial pretty well. billionaire investor wilbur ross is shifting gears and investing in transportation as well as shale gas. so what kind of investment opportunities are there and that maybe you can buy into along with the billionaire? joining us now, wilbur ross, w.l. ross chairman and ceo. good to see you. >> good to see you. david: let's talk about financials for a second. looks like a lot of financials getting back on their feet full bore now. is

now our expected natural gas reserves are well over 2 quadrillion cubic feet, enough gas to supply ourdomestic needs for 90 years. that's right here in this country. many industry observers believe this estimate is discounted to the nation's true potential. this dramatic shift in natural gas markets has pushed prices down to below $4 a,000 cubic feet putting the united states in a unique position to bolster both wealth creation and our foreign policy miter be -- might beginning natural gas imports. so we would be going from importing liquefied natural as if to exporting natural gas. right now there are currently 15 permits to export l.n.g. pending before the secretary chu, the department of energy, the natural gas act requires the department to issue such a permit upon application unless it will not be consistent with the public -- with the public's interest. well,  what could be inconsistent with this with the public interest? this is something that would be cheaper gas for us, give us total independence in a matter of weeks. congress, when it wrote the natural gas act, understood th

it's about natural gas, also called "methane."el used for everything from cooking food, to heating homes, to even generating electricity. natural gas comes from deep underground. it's trapped amid layers of shale rock. to release the gas, you have to break apart the rock. that process is called "fracking," and that's what the controversy is all about. >> ♪ water goes into the pipe ♪ the pipe into the ground ♪ the pressure creates fissures 7,000 feet down ♪ ♪ the cracks release the gas that powers your town ♪ >> that's from a video produced by propublica. they're a group looking into whether fracking is safe. according to those in favor of fracking, it's not a threat. >> fracking has been used in the united states for decades, and it was developed quite a long time ago to do exactly what we do now with the natural gas. >> well, not exactly. frackers used to just drill straight down. >> and they've now turned the drill bit at a 90-degree angle once it's hit the bottom. >> that's called "horizontal fracking." some claim this might ac

smell of gas. what can you do as nerts? turn off the gas. and what are the 3 situations when you want to shut the gas off? smell the gas, something -- oh, yeah, wheels are spinning and major building collapse. muni -- overhead muni wire, flopping around. what can you did as nerts? always assume all electricity is live and hot. so what can you do as nerts? cordon off the area, tell people to stay back. small fires reported in the rear of a building, what can you do as nerts? if it's still burning that small fire is now a very large fire. so all you can do is really notify the erd, evacuate the area, assist the fire department. five buildings have suffered heavy damage -- heavy damage, kind of a clue there. three of the buildings have collapsed. what can you do as nerts? not quite nothing. would you go in to search a heavily damaged building? no. you will -- very good, notify erd, if there's a gas smell, shut the gas off. you can do something. even if it means everyone stay back, no one is trying to rush in. you are going to have your yellow h

some with gas masks. they have been told to walk away from that gas leak. i talked with battalion chief about what pg&e is doing in terms of the natural gas leak we're having pg&e come over, we're walking to see if there are pockets of gas. we're on lock down, not letting people leave until we can ascertain the extent of the gas leak. >> there is a shelter in place they are still trying to keep people from going in. chief thompson said woe smell a strong odor of natural gas. we're seeing people heading out of here, covering their faces. but they say that no one has been sickened. everything okay in there? they're leaving. live at st. luke's hospital, abc 7 news. and that shelter in place has new been lifted more people come out of the hospital. >> good to see. thank you very much. keep us up to date if you would. >> coming up next no doubt some munmen would be nervous talking to mila kunis. >> after 4:30, why there will be a lot of dispatted tourists in the nation's capital. >> carly ray jepson cancelled her performance at boy scouts jamboree because of its