in this half hour a county in new mexico has become the first county in the united states to outlaw gas and oil extraction why did that county choose to fight back against big oil and are more communities across the country planning to do the same thing and bangladesh is one of the poorest countries in the world and some workers are among the most it's lloyd in the world but despite its poverty in third world conditions bangladesh still has more of a backbone or moral compass than the united states at least when it comes to corporate criminals i'll tell you why and i'd still take. it as the rest of the news despite its wide wide range of environmental and health consequences the practice of fracking or extracting natural gas from shale rock beds is on the rise across the country and because of this growth in fracking the oil and gas industries and even the mainstream corporate media haven't been shy about saying how much our nation could benefit from this natural gas production boom even president obama noted in his state of the union speech that the production natural gas of the united

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

gas has been volatile over the years.to keep an underpinning under the price to keep encouraging drillers to drill for the gas. so to keep that competitive advantage in the u.s., i think you need a little bit of all of this to make it work best for everyone. >> tom, one last question. i know corporate finance, but can you explain to people why you're not selling common stock. it's not going to hurt the common stock to finance this. you've got another method of financing that should not dilute existing shareholders. >> we're going to use mandatory convertibles, which is an equity-like instrument. i think technically, a dead instrument. rating agencies give you largely full equity credit for it. and you have interest payments associated with it. you can capitalize that interest, so you can work through -- it's a perfect kind of a financing instrument for a project like this. that has a two-and-a-half, three-year construction period to it. so we promised our shareholders we were going to do our very best to give them 5% to 6

how about oil and gas.ent would simply said our goal is to be energy independent in north america by the end of my administration, he might be able to pull it off. no other president could. if obama nearly tried, it could produce a million jobs in the oil and gas industry. that's not even including the ancillary small businesses or the factory jobs that we moved here from other countries to benefit from our cheaper energy costs. but here's the rub. in order to achieve energy independence within president obama's time in office, the president would have to embrace natural gas as a surface fuel, the way they do in other countries with bountiful gas reserves. he has the ability to order government automobiles, trucks to convert to natural gas. that would then foster a huge job-creating infrastructure and make the importation of oil from diesel fuel one-quarter of all our imports into an irrelevance. however, if the president did that, his environmental base would be furious. so instead, he says, he favors all

let's turn to natural gas. we've got the lower prices, the world wants it and we want to make sure and the committee is already looking at this to see if maybe we can come up with a strategy we can have it all where we can have this manufacturing renaissance that may be possible to have some exports. we are going to try to have it all from obviously easier said than done. on the issue of the prices which we are going to focus on this committee for businesses and consumers. i am concerned that given our advantage the department has used some data which is outdated, number one, and doesn't look at the regional impact the way that you all have done. my question here is if confirmed -- i certainly support the -- would you revisit this issue to make sure that we get the most current data so that we can think through on a bipartisan basis in this committee the implications on this price issue for natural gas. >> i have emphasized very strongly and i think we are on the same place that we need to have strong mls test

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

now we have a gas-to-coal switching occurring because gas prices have increased beyond that 350 for btuhich u will see switching occur for us, gas is now what 415 in that range. so you will see that switching occur. the great thing about what we have been able to do with the addition of a natural gas generation and having fully controlled coal units to go back and forth to be sure we have coal flexible to do that. >> one last question, i think people don't understand, look, i regard miefls as an -- myself as an environmentalist. there is pressure from state government levels to not shift the weight from coal, even as washington wants to. and you are kind of caught in the middle, aren't you? >> yes. we are caught in the middle on that, but, really, we are looking at coal units to be much more efficient in the future, being fully complied and insuring we are able to use and minimize the amount of resources for coal. i mean, 2007, we were using about 80 million tonnes of coal a year. this year, we'll probably use about 54 million tonnes of coal. so a dramatic impact, but it still has to be

our natural gas. it isn't an issue. now there are environmental practices that need to be followed, whether it's the casing designs that are 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 that in fact it's not going impact the environment negatively. what was your thought than 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. >> and this is an opportunity to create millions of jobs. isn't that right? >> well, it is. in fact, some estimates would say that

the feel sector needs water for conventional oil and gas production to get oil and gas out of reservoirs. biofuels need a thousand gallons per feel compared with a couple pounds of water per gallon of fuel oil and gas. biofuels service from drought just as the power plants are. shell oil in some places considering prohibitions against shale oil and gas production. several ways reduce the risk of water scarcity and how they might constraints oil and gas production. one is wall-to-wall for shale oil gas production, waterless fracturing techniques and reduce the amount of water that is needed in using graywater instead of urging freshwater here there's averted tuitions available. firstly, this is a topic worthy of federal posting patient because some span several states, so they cannot manage the entire water system themselves. one is collect, maintain and make available after adopted a comprehensive water data to the u.s. geological survey. there's an extensive database of up-to-date comprehensive information energy production train and price. we do not haven't a clue from water and not be

natural gas prices in north america are rebounding. they could take out $5 and this investment is looking very smart. here we have an energy company, top-notch management, tremendous asset, double production as new projects start to rant and potentially double its earnings per share in two years. the stock is trading at a big discount to its value, 14 times earnings. noble energy is a steal. why is it so cheap? investors tend not to give oil and gas companies much credit for future production growth until that starts to hit the bottom line. noble energy has excellent visibility so i think the stock will ratchet higher as production increases year after year after year. new paradigm for me. now if you are looking for the cheapest growth and energy stock, i've got to tell you it's not eog anymore. don't take offense, your stock has been fabulous. it's now noble. thanks to fabulous finds in israel and cyprus as well as assets in the united states, this stock may be at a 52-week high but i think it's going higher, possibly a lot higher. i

and this is not cheaper natural gas. the price for natural gas is much higher. the play off the coast of israel, which is what anybody talks about, noble might have 17 trillion cubic feet of gas, and there could be a huge upside here. if the israelis give them permission to export the stuff. the company needs to get the approval from the knesset, the israeli parliament. a new director who happens to be an expert in the middle east policy and used to work for the state department. noble gas may be the key that allows europe -- this is really important. a big geopolitical angle, breaking the addiction to russian natural gas. right now, they have a chuck hold on europe. but if noble partners with, say, turkey, you could see an instant revaluation upwards of nbl. as turkey can pipe it right through central europe, it might be israel to turkey, too. that's one of the reasons that recent approach between turkey and israel was so important. it benefits noble. i thought the stock would jump big, and it didn't. in west africa, noble is producing oil off equatorial guinea

the volume of gas, the volume of oil that's produced is assessed a tax.nt states havedifferent percentage taxes that they impose, but in the state of north dakota, for instance, they use a severance tax model. severance taxes are now providing about 56% of the entire north dakota budget. so the shale gale is having huge economic um pacts for multiple states. melissa: now, i look around the country atther places where they're hurting for cash, new york comes to mind, you look at california. they have the natural resources they could actually harvest to plug some of these gaps. i mean, new york, for example, could see revenue of up to $3.4 billion --1.4 billion by 2020, that's according to the manhattan institute. and that's, you know, if they just pulled in the revenue that could be generated by fracking. california, 4.5 billion. what are the odds you think these states get on the band bandwagon? >> well, i'm not holding my breath for new york, melissa. the state has been dithering over the issue of fracturing now for a long time. what's more interesting,

we've got tons of oil and gas, in the wrong places.ou put the people to work on the pipeline, $60,000 is the minimum you pay. you'd put people to work all over this country. i emphasized that it can bring back manufacturing jobs which we need in this country. jobs are being exported to places that have higher energy costs than we do. that eliminates some of the edge these countries have in lower labor costs. no, i still don't think people understand how big this is. they don't understand how big the opportunity is. i know this because i couldn't believe the outpouring of incredible venom toward me. i mean, vicious @jimcramer on twitter for my embrace of these positions. hey, maybe some facts would help. 9.6 million full-time and part-time jobs are currently involved in the direct and indirect production of the oil and natural gas. that's about $580 billion in annual labor income and the sector itself is responsible for more than $1.1 trillion in value added. call it 8% of our gdp. these numbers are growing rapidly as more finds are ann

i hear the same thing about the oil and gas business. matter how much we find, it doesn't put that much to work. and the trade-off of increased use of fossil fuels just isn't worth it. let me see, how can i be polite and diplomatic about all these pessimistic judgments? they're lies. lies keeping the federal government from helping the cause of job creation instead of hindering it. the $1 towards the purchase of a house can produce another $6 in spending. fix up the yard, make it bigger, gussy up inside. instead, the government's indecision has made it very difficult to get a mortgage, which has kept housing from breaking out to the levels anywhere near where it used to be. remember what richard smith, the ceo of realogy, the largest realtor in the country just told us last night about the government's role, he said, and i quote, the only thing holding lending back is the extraordinarily difficult underwriting standards, end quote. and that's because the feds still haven't finalized the rules for bernananking yesterda under dodd/frank. t

it's not from that gas pump, it comes from under the ground, and without oil and gas leases, and drilling, and production, and completion, we're not going to have this, and this is going to weaken our country. [heidi mcintosh] people are coming to realize we're never going to drill our way into energy independence in this country. our resources are much, much too meager. [narrator] trucker bill hall of vernal feels his way of life is threatened by the failing economy. [bill hall] i personally, i don't want no severance package; i don't want any handouts from the government. i just want my job back, and to go to work, i can honestly say i speak for thousands of people. [ken salazar] i would say to that man that i understand his pain, and that we are doing things to develop our conventional fuel resources, but also that the future of our planet, the future for his own economic well being and that of his children and grandchildren will depend very much on how we sustain our treasured landscapes so that they can continue to be economic engines of our country. [kathleen sgamma] i think it's re

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

of oil and natural gas. is sewhere around 5% of the number of wells drilled every year would not be drilled a view to eliminate these tax preferences. of course, what does that mean in terms of how much oil and natural gas do we produce and what does that mean as a corollary in terms of the prices? speaking, you would see upward pressure on commodity prices. it would be more so for natural gas than for oil. host: we talked about the different tax breaks. break down a few of the major tax breaks. we can show on the screen the domestic manufacturing tax deduction, the depletion cost -- tell us what these things do. guest: we talked about intangible drilling costs. the second one that is the subject to oil and gas is something called percentage depletion. basically, this is a deduction in terms of how companies account for costs related to obtaining land and mineral rights. the big portion of these companies' business models is they have to go out at least from individuals or the government's land and mineral r

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

although natural gas is cleaner than coal which it often displaces.ou can doubt the industry all you want. just go ahead. you can doubt all you want on climate change for certain. i do. but don't doubt them on jobs. because of the massive amount of work and prep we have had to do for our visits to the balkan shale in north dakota with continental resources howard hamm and then they were dead right when they said that natural gas would break out in this spring, 2013. we did too much work on this thing. it's like empirical. we saw the difficulty of getting enough people to work in north dakota as we flew over it and couldn't believe the man camps we saw. the hardship in trying to get a hotel room near the utica shales. if people only knew or washington would embrace the oil and gas revolution, then these positions could be filled by those who are so desperate to get jobs but happen to live in the wrong places in a country where mobility has become an intrackable issue. we know that. we know that the natural gas is increasingly gaining here. as a surface

four hundred plus barrels of oil a couple million for gas and the oil and gas industry isn't alone if they list them it's going to make it more difficult. for the wind energy to develop it could change where. transmission lines go through which would increase the cost for transmission lines it would also hurt the farmer since the lambs these birds nest on would be protected the range of land that the lesser prairie chickens nest on has decreased eighty four percent from its historic range so with the support of all five governors the energy industry has hatched a conservation plan to protect the chicken population all while maintaining oil and gas output and that is good news for small game expert jim pittman who has monitored the chicken population for years but even he has issues with the data and the idea of listing the animal all together the effects of those other features like gold and secondary roads when turbans for those particular features when we have fairly sparse data or or it's nonexistent altogether and that fact has the energy industry crying foul so what is so importa

that's natural gas leaking out of there. >> last year, pg&e identified more than 32,000 natural gas leaks. >> yeah, it's leaking back here. you can see it. >> the fiscal report lists the number of leaks it fixed, but it doesn't show the amount of time it took to fix those leaks or if they met deadlines to make sure leaks don't become dangerous! the san bruno explosion and the investigation shows why we can no longer not only trust, trust and verify, they say. >> reporter: mark tony serves as president of turn, the nbc bay area investigative unit made several requests to pg&e to review records including the dates when leaks were identified and repaired. pg&e's response? it does not have the time or resources to respond to our requests. >>. >> when you hear them provide this kind of explanation, what's your gut reaction? >> completely absurd for pg&e to be claiming that they don't have the time to demonstrate their compliance with safety. >> pg&e's own records raise questions about how the company functions. take a look. noncompliance reports to the public utility's commission show that pg&

gas is going to be the place to be if you really want to gas up your portfolio in the future. > i am very glad we had you on the show today. a pleasure as always phil. take care. > > thank you. still ahead, why kraft is facing new backlash for a chemical in its mac and cheese. plus, enjoy a longer life without the added worry of retirement. tips on planning to live long and prosper are next. there is controversey over kraft's mac and cheese. today in chicago, protestors will deliver a petition of over 270,000 signatures to kraft foods' chicago headquarters. the beef? it's over the dye used in the product. two food bloggers started the "dump the dye" petition. they claim the chemical dye is a carcinogen. it's already been eliminated from products in england. kraft has said the company only uses colors that are approved by the fda. prepare to live longer. a new study shows one out of every four 65-year-olds will live past the age of 90! chris campbell of banker's life and casualty company joins us on set this morning. good morning to you! > > good morning angela. > do you think most pe

the same thing is happening with natural gas. of natural gas is a benefit to the consumer. price falls to two dollars a unit. the problem is, the cycles of price and drilling are very dicey. $2 ae price goes down to unit for natural gas, people will stop drilling and the price will go back up. there is some of the more international for people who may be global marketers, what the gas to go overseas. it is not good for consumers. on the one hand, this is being sold to consumers as it will be good and cheap. on the other hand, we are exporting as much as we can to keep the prices high. host: you are getting into a conflict cycle. i want to jump

here with me today is kirk johnson, to my left, vice president of gas transmissions from pacific gas and electric. next to him is don boland, executive director of california utilities emergency association. next to him is david brig, regional and local water system manager for the san francisco public utilities commission and finally but not least, romel an jell lus, manager for san francisco wireless. i have drafted several questions for our panel to answer and will hopefully have time at the end to take questions from the audience. before we start our panel discussion, i wanted it share with you what we are doing in san francisco to advance our lifeline's resilence we are the first major u.s. city to (inaudible) post katrina where he saw firsthand where a critical role these systems played in the city's recovery. i am honored to chair the council because i feel it's crucial that the public sector work side by side with our private sector partners to do everything we can today to ensure we will meet the needs of our residents in the days, weeks and years after a disaster. the objec

you could hear the gas seep out from the rounds. >> we are continuing to introduce tear gas into theying. some people were protesting. nothing you can really do. everyone was scared. and then i heard someone say there was a fire. and i literally just saw a wall of flame in front of me. i got as low to the floor as i could. and i could feel like a warm spot on the side of my face and all the hair was singing off. i looked up and the window was broken and i just instinctively went out the hole at that point. it's funny, my recollection is it's better to be shot than burned to death. >> we are seeing this man who has come out to surrender. he's moving toward the north end of the compound. >> i can tell you without hesitation, looking you straight in the eye, that the fbi's intent and desire and utmost effort was to resolve this thing peacefully. and in that effort, we failed. >> with camera crews from around the world rolling, mt. carmel is reduced to a smoldering pile of ashes. >> everything else is in flames. >> they didn't want him to come out. they wanted to kill him. there's not en

in rural pennsylvania they are drilling for gas. hydraulic fracturing bush's high pressure water into the rock to release valuable gas. opportunitiesht to the town. people made money it leasing to gas companies, and now the workers have arrived. business elite by 25%. >> it really improve my business. it brought a lot of people into the area. the people say, we have no idea what we are in store for. hopefully they are right. frakking creates dust and noise in the town in contrast to the beauty of the mountains. this bed-and-breakfast is led by eleanor, who has seen people cashing in by leasing their land. >> you are happy for your neighbor, but their good fortune ruin the hills,ano and the trees. >> it is time to spend a pay check from drilling for gas. >> once we get the pipeline done it is going to boost the economy. there is nothing here. >> it has brought more with the businesses and the people who rent have done very well. >> what has happened shows house tracking has the potential -- shows how frakking has the potential to red

after the water is pumped out, the gas and oil are released and collected. however, a growing number of people are alarmed by the potential damage to the environment from the chemically treated water. the state of wyoming has a booming shell gas industry, but reports are suggesting that it's affecting people's well water. one local, jeff, says his well has been emitting a chemical odor for a few years. >> it don't take out the hydrocarbons and glycols, alcohols, the things that are really nasty. >> reporter: he filters the water from his well but the filter turns black within three days. a study by the environment agency indicates fracking is responsible for the pollution because chemical used in fracking process were detected in the well water. the drilling company contends that the study is incomplete and rejects the notion fracking is related to water pollution. >>back to the 1950s, that indicate there are naturally occurring components like sulfates in the water that make it of poor quality. there are those people that, you know, believe that the impacts

. >> gas prices continue to fall but how long can you expect this to last? news at 6:30 starts right now. >> is there any potential for peace talks with north korea? that continues the to be the question. >> that is the question. a lot of people are wondering what the latest is. in the peninsula, richard is live with more. >> this is a tail of two different countries on the same peninsula. plan to nd chinese some it ements but for is just another weekend. secretary john kerry is suggesting there could be new talks with north korea if they back off on threats of launching a missile. >> we can fine ways to get this to a negotiating table. >> but a meeting of the korean's people party a steady stream of rhetoric. we'll make our military forces invincible. we have to prepare for all-out war against the u.s. if the north launches a missile it may be launched over japan. with the u.s. vowing to protect its allies the japanese are nervous. i'm worried about a launch and i don't know how accurate those missiles respect. life continues in seoul, in the south. family

breaks this the suv and the gas gas guzzlers ryne supreme, and that means the federal government cannot month debt consumer choice. they can't force people, at least yet, to buy these cars. they want to -- americans want cars that are practical, big, safe, have room, they don't want to make an anemic polite:statement driving around in has to little cars and even the big cars were panned by consumer reports. the cbo has gone after electric cars. but in the true fashion of government bureaucracy, it's not seen as a failure where they need to scale back. what they say is we need to do more. we didn't do enough to help them succeed. >> that is highly unlikely. thissed a, -- this administratin doesn't reverse course on men policies. do you think they'll reverse course and cut the sub diz for the volt, for example? >> i don't think they'll do that. they're going to double down and they thigh need to do nor. "the new york times" saying the electric car sales range from dismal to disappointing. the "washington post" thought if you build them they'll come, and it was an expensive myth. the guy w

underestimated the greenhouse gas emission impacts of what the pipeline will do in toward in terms of increasing tar sands oil production up in canada to bring it down to the united states one of the comments was from the e.p.a. hey that is basically the mystery of who should listen to their own e.p.a. with their i think when it comes to an environmental analysis obama should be listening to b.p.a. and not to the department of state did i want to go to new you in new york it's been three years since the b.p. oil spill. happened right around earth day as well we now have another spill being dealt with in arkansas all and we have as tyson mentioned the keystone construction underway what has been done since the first b.p. oil spill to make sure this sort of stuff doesn't happen again is that enough as we're building another pipeline of course i guess the b.p. oil spill was a it was a oil well underground it wasn't a pipeline but still the same sort of stuff are we doing enough to prevent these sort of disasters from happening again. well in short no very little has happened since the b.

why do we have more lower greenhouse gas fuels than anywhere in the world?fter the break, i'm trying to make more money. thank you, andrew. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. tens of thousands of dollars in hidden fees on their 401(k)s?! go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. none of them charge annual fees and all of them offer low cost investments. e-trade. less for us. more for you. ♪ >>> you don't get too many gifts in this market. but today i think you are actually being handed one on a silver platter. i'm talking about tupperware blandz -- brands. they have package products and beauty and personal care brands all over the world. for the last two months, tup has been if