gas. our title "importing energy, exporting jobs." can this be reversed? senator murkowski is on her way. she is in a very important meeting. we expect her momentarily. wyden,to thank senator my dear friend and former leader of this committee, for his leadership and support. continuingard to working with him and all members of the committee on both sides of the aisle. ago, membersecade of this committee attended numerous meetings in this room to consider the 2005 energy policy act. at that time, we discussed at length the need to import more liquefied natural gas to meet our growing energy demand. extraordinarily -- extraordinary and swift advances in technology, to locate, capture, and produce natural gas, this committee will discuss the opportunity to export america, andn support our allies in europe and budding democracies across the world. epacgeorge w. bush signed in 2005, the price of natural gas was averaging two dollars and $.50. why october, the price had risen to$13, and continue

shale gas. and the third thing is accelerate to connect with the global market gap. and encourage the european leaders to invest in the european markets. i think the european union could give credit support to build the networks and projects. and i think we should as we have encouraged for decades oil production here at home and overseas. the more supply coming from mexico or even our own exports we drive the price of oil down and russia's revenues are reduced and other countries have choices of supply. >> dr. chow? >> i don't agree with what my colleag colleagues say except in terms of timing. being honest about the economic impact we can make while not attending to more urgent matters like shoring up ukraine. i would emphasis the fact that our european allies are the ones with leverage over russia on oil and gas imports. not us. 80% of russia's oil and gas exports go to europe. they don't have many alternatives in the short to d medi medi medium term. a number of allies the president met today

natural gas exports. gaining momentum, both republicans and democrats voting for it, but, if somebody is voting against it? ceo of a company who says it's a terrible idea and could end up hurting us all. it leads us to our question for you. do you think we should begin to export natural gas in order to pressure russia and maybe do well by our natural gas producers? tweet us, fbnatb, your answers later this hour. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying t

it makes it expensive to remove and replace natural gas lines. nor on the gas lines. later - the tragedy that changed the work place. i'm talking about laws that keep you healthy on the job. coming up in "real money". >> america's energy boom is having a profound effect on the economy. millions of jobs are being created. we have more evidence from the census bureau, showing employment in the oil and gas industry is up 23% since 2007. the benefits are rippling beyond the oil field. >> juction workers, health care, food serve e a handful of 20,000 workers needed in north dakota, with the oil boom generating more jobs than they can field, state officials are teaming up with private industry though launch a recruitment campaign - the goal to lure the unemployed to the boom town with six figure salaries, far from unusual. with a nation producing 2.7 billion barrels of crude oil, the jobs extend beyond the plains. in the states where oil production is on the rise, so is the demand for workers, they are well paid. the median pay for oil and gas workers is about $56,000 compa

america's natural gas is.com nesticly produced so the u.s.not effected directly by prices in europe. but a sharp and sustained prize in energy prices in europe would raise the unlikely but scary possibility of europe's fragile economy being pushed back into recession that could deal a direct blow to u.s. companies, investors and consumers. calls for sanctions are increasing. sanctions worked against libya and iran, but russia is closely tied to europe through those pipelines that carry crucial natural gas, so while the idea may appeal to americans, they are a harder sell in europe. the european union gets a quarter of its natural gas supplies from russia and half of that is routed through ukraine's pipeline network. any disruption would hit germany which defends on the gas to run its factories, especially hard. and if prices of germany out put increases that would rock europe. russia could shut off supplies pre-emptively in response to the threat of sanctions or step things up militarily sending troops into eastern ukraine which is part of th

natural gas pricing, the cost of our natural gas is very important to our total cost structure.o that's the first issue. so making sure we have a long-term supply of reasonably priced gas at cost is very important to our steel mills. but also, as i mentioned, we consume a tremendous amount of natural gas right here at this dri facility. we consume here about 25 billion cubic feet of natural gas a year right here in louisiana. >> just in this. >> so having that arrangement with encana provides us security on our dri investment and provides us a guaranteed cost advantage. >> let's talk about the notion of security in terms of even domestic security. what are some of the countries we would have to deal with and be hostage to if it weren't for plants like this? >> well, dri, direct reduced iron, is a scrap substitute products. other products would include big iron and hbi. about half of the amount of pig iron that comes in to the united states to produce a critical product that we call steel, very important to our national defense, half of our dri comes from ukraine, comes from russ

export of natural gas? >> this resolution expedites the policy of the united states to be disappointed russians with -- or supply the ukrainians with a natural gas. as you know, this whole intervention by the russians in the region is based upon trying to control their energy. so, we are leading the russians know as the administration has already said that to supply them if we have the capability to supply them with natural gas. >> that is a little too complicated for me to understand. aren't we already exporting all of the natura natural gas weekeo other countries in the region are they preventing us from giving that? >> we are not. there are flareups in north dakota as we sit here today that are burning off enough natural gas to heat a million homes. we are not exporting all weekend. >> what makes you think that it's russian military intervention in ukraine that is causing the gas producers to burn off that excess? >> because, as they have done in the past, the russians use their economic stranglehold on

. >> gas leaks leveled 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. >>> "caught on camera: fireball." >>> 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 seawater. 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. >> ever

we've seen putin in the past try to limit natural gas to the ukraine people.s threatened to do it in mall dove va as well. this gives us a strength in terms of foreign policy. why i support this in terms of a free market perspective, it's not a silver bullet. there are things standing in the way from the jones act, to the keystones. there are other things we can be doing as well. >> rick, it's not going to happen overnight. we're not going to cure everything by immediately lifting export bans, et cetera. but the energy department now has 25 applications pending for liquefied natural gas export terminals. shouldn't they be green lit? >> yes, david. i'm really glad that you raised the point about the terminals. something that's confusing people and we need to straighten out, where the government can do something, and i agree with you that they should, is fast track these terminals to move these out to other countries. what the government can't do though, we have to always remember -- we all think the government stops the oil companies from drilling. right now ov

you may buy gas from an exxonmobil station, and even if you don't there is a good chance that the gas you do buy comes from exxonmobil. the relationship between america's second biggest company and the kremlin's own oil company is to say the least cosy. so are american oil titans attempting to influence american action or inaction in russia? that's something that my team has been looking into. we'll talk more about this tomorrow. i'll ali velshi. thanks for joining us. >> and you're in "the stream." what do you do when the dollar isn't enough? you create your own. how local communities are taking mounters into their own hands. lisa fletcher is out on vacation, and we have latoya, our senior producer joining us, rocking that red jacket. and speaking of money, there are other words for it. cheddar, bread.

you may buy gas from an exxonmobil station, and even if you don't there is a good chance that the gas you do buy comes from exxonmobil. the relationship between america's second biggest company and the kremlin's own oil company is to say the least cosy. so are american oil titans attempting to influence american action or inaction in russia? that's something that my team has been looking into. we'll talk more about this tomorrow. i'll ali velshi. thanks for joining us. >> unfortunately we didn't find any signs of life and didn't locate anyone alive. that's the disappointing part. >> the death toll climbs as the search effort becomes more bleak. friends and families affected by one of the deadliest mudslides come together for support. >> there may be clues in the search for malaysia airlines flight mh370. 100 new images from a french satellite. >> oh, god. oh, my d.

compared to natural gas is supply of natural gas growing an yuly at 3%.he energy for oil, a growth rate in the last few years of 1.2%. so again, coal has been by far the fastest growing fuel from the supply side. but coal is by far the cheapest fuel. the problem is that the supply side is -- we have seen the currencies of coal exporters actually providing down quickly since bernanke. so we have not seen yet a supply response to a lower prices and of course, emerging markets are not having their best time from the growth perspective and that is driving the prices lower. >> things have really changed in the last five years and now when we talk about energy output for use as an electricity or for heating, we are talking about the growth of natural gas. here in the united states, obviously. is that affecting or off setting the production in the united states? >> well, in the united states specifically, as you pointed out, we have substitution between coal and natural gas. we have a huge capacity at the power generational level. around 9 bcf a day of coal to g

does for gas.ince gas is the fundamental driver for electricity and for chemicals in these sorts of things, it is a very biggest advantage not to have domestic supplies of that are big enough to compete to allow gas to compete with itself. i say that because i don't know how that will work out in the long-term. right now, it is getting huge advantages to gas that gives the manufacturing base in advantage that is affecting europe's future at the moment. it is being disadvantaged by the cost of its energy. as to opec, opec is one of those things -- everyone has written the obituary of opec more often than i can remember. wishful thinking says we would like it to go away. indeed, one of the founding members is about to decouple its industry from control. i think the main point is for opec is not a well oiled machine but it certainly responds when things get tough for people whose livelihood is based on oil. from time to time, it comes into the frame to say enough is enough. that is very much in the ha

people said they smell gas. did you smell any gas? >> two big booms as already started running crazy outside. they said they saw them taking people away, at least 30 people or more in an ambulance. >> that's from people living in the area here. we don't know if there are people still underneath the brick obviously. i can say from my vantage point, i could still see members of the fire department, police officers going hand by hand, picking through debris. also, something that is very important, con ed and edison is here with the electric gas company. they are franticly using a gas ham more and pick to get to something. just above them, i can see members of the new york city police department and members of the mass transit, on new york city mass transit, on the railroad track for metro north, a major commuter artery. they have shut that down completely, as i'm looking at this building, it's like looking at my next-door neighbor here. i'm standing and i see smoke still pouring out of this building. i see a tower, ladder, number 13 and

that gas pipelines that now move gas west could be reversed to send gas east, but there in lies theroblem. where will you get the gas? >> europe produces only about a third of the gas it consumes, the rest is imported. from just over 25% in 2012 to 30% last year. >> my view is eastern and western europe should begin to develop their own natural gas resources including shale gas. >> reporter: but it could take years, a time line that has access rated calls year in the united states to loosen restrictions on u.s. exports of natural gas. >> reporter: currently 24 applications are under government review that would allow u.s. energy producers to export natural gas to countries to which the u.s. does not have a free trade agreement. but producers would be free to sell to the highest bidder, and that may not be europe. uncertain? >> it is good to consumers? it may lead to higher prices. but natural gas exports overall i think is a good thing. >> reporter: and some say it would send an important signal to moscow. >> it would begin to put pressure on the russians to not use gas in quite the

it makes it expensive to remove and replace natural gas lines. nor on the gas lines. later - the tragedy that changed the work place. i'm talking about laws that keep you healthy on the job. coming up in "real money". the stream is uniquely interactive television. we depend on you, >> you are one of the voices of this show. >> so join the conversation and make it your own. >> the stream. on al jazeera america and join the conversation online @ajamstream. >> al jazeera has a credibility in international news that's unparalleled. if we can connect america to the rest of the world, we can bring this kinda journalism back to cable news, we can make a real difference here. i'm josh rushing, i'm one of the hosts of fault lines on al jazeera america >> america's energy boom is having a profound effect on the economy. millions of jobs are being created. we have more evidence from the census bureau, showing employment in the oil and gas industry is up 23% since 2007. the benefits are rippling beyond the oil field. >> juction workers, health care, food serve e a handful of 20,0

it makes it expensive to remove and replace natural gas lines. nor on the gas lines. later - the tragedy that changed the work place. i'm talking about laws that keep you healthy on the job. coming up in "real money". >> on al jazeera america >> techknow our experts take you beyond the lab >> there's about five million points of data >> and explore the technology changing our world. only on al jazeera america the stream is uniquely interactive television. we depend on you, >> you are one of the voices of this show. >> so join the conversation and make it your own. >> the stream. on al jazeera america and join the conversation online @ajamstream. >> america's energy boom is having a profound effect on the economy. millions of jobs are being created. we have more evidence from the census bureau, showing employment in the oil and gas industry is up 23% since 2007. the benefits are rippling beyond the oil field. >> juction workers, health care, food serve e a handful of 20,000 workers needed in north dakota, with the oil boom generating more jobs than they can field, stat

natural gas supplies were so low that we would have to start importing natural gas from russia. and work began on terminals, on ports, to import natural gas from russia. now the situation has completely reversed. the u.s. is now the largest natural gas producer in the world. but these -- construction on these ports on these terminals to export natural gas has only just begun. so it would be impossible for the tow u.s. to export today or tomorrow. expected to be able to export natural gas abroad in 2016, 2017. some other ports are expected to export 2017, 2018. that work is underway, still very new. still we will definitely see those exports in the next few years. >> you can help me with this then. speaker of the house john boehner took the president to task for not expediting to ship natural gas to ukraine. but what i'm hearing you saying is that it's just not ready to happen right now. that there needs to be more work on the infrastructure to be able to do it. so even if there was the will to do it, there may not be the facilities and the infrastructure to do it in the short te

of shale gas.t is basically things watering e- rotting in the wtaeat r system. it's getting the information right. the industry has to say, again, we agree that we want good regulation and independent supervision. and we want to be held to account. >> the question that i think will affect everyone in the audience in a direct way, what is this oil boom in particular going to do to the price of oil? to can trigger cell phones call your brokers about whatever he has to say? . four basically took different scenarios. when you look at the variables in the scenarios, roll the dice and choose which one will be more important. that welar trend is need more energy, primarily driven by developments in china and india. and other developing countries. and the balance between that demand and the price of the fuels that produce it, traditional wells are cheap. fracking is much more expensive. a bet on ao make price, i would hedge it heavily. >> but you're not willing to name a number? barrel.to $120 a >> i spend

talk to the economy minister in kiev and go inside venezuela where toilet paper is tough to find but gass free. a multi million dollar commonty that falls out of the sky every day and i'm alley velshi and this is "real money." ♪ this is "real money," you are the most important part of the show so join our live conversation for the next half hour on twitter at ali velshi, facebook at "real money" and escalating tension over ukraine may in many ways echo the colder ra but it's important to remember that times have changed and tough for the west to intervene in the crisis because of the global economy and an example is the idea of imposing sanctions on russia and it worked against libya and iran but russia is closely tied to europe through pipelines that carry crucial natural gas and it may appear to americans they are a much harder sell in europe. here is why. >> the european union gets a quarter of the gas supply from russia and half after that is rooted through ukraine pipeline network. any disruption to supplies would hit powerhouse germany which depends on gas to run the factories espe

unique pipelines to be able to get the gas out if it's gas you're talking about. you need the right regulatory structure. you need the right legal structure as to who owns the gas and oil itself below property owner on the surface. these things existed in the united states. it remains to be seen whether they will be developed in other countries so that they can replicate what's been done here. >> where else is it, john, and how likely is it -- chime in here, too, but how likely is it also that other countries will replicate what we are doing in this regard to? >> i think one of the interesting things about the u.s. revolution in this area is that it was conducted not by exxon or bp or shell or chevron, but by a lot of countries -- some of you may know the names but most people wouldn't. very small companies indeed. the reason for that is that they have local skills. local skills and local relationship skills, embodied in a set of people who are called landman, local negotiators. all of whom were probably fight off by the big companies when the big companies though

this time russia may have a disincentive to use natural gas or gas from the world's largest natural gasa weapon because it might not be that effect is. -- effective. that is why we are hearing about them loaning ukraine the cash so they can continue to pay their bills. >> a calm dissent over markets speech.esident putin's is there a sense the calm will last? >> that's a good question. there is in the sense that many people here in ukraine have written off crimea. they believe that the russians and putin will control crimea for exactly as long as they want , and what president putin indicated yesterday in his first comments since this crisis began was that while he has no intention of standing down from the position he has taken and that troops are likely to remain in crimea, he has no intention of escalating things and send tens of thousands of troops into eastern ukraine, at least if you take him at his word at yesterday's press conference, so people have relaxed a little bit here, which allows them to focus on the large financial crisis, which really needs to be at the forefront right

russia has turned off the gas twice in the last decade in the first gas war. not everybody is convinced that the russians are up to that. >> for how long will they be able to be in this situation. ukraine.o the what will happen to the economy? >> they are celebrating back in their homes. the gas is still flowing. it is still an invisible threat. let's more on the latest, go to where ryan chilcote is standing by. what are the chances that they turn off the gas? >> they have not done it yet. that the gas is flowing through the ukraine as usual. withdraw have done is the discount that offer the ukraine on the gas supplies and that was part of a deal with yanukovych. he was ousted the week before last. that has gone away and he says that the ukraine owes them a couple billion dollars and wants to be paid. look, i think the biggest episode in the gas war was back and the curtailing of gas caused supply issues in europe as far as germany. things have really changed and there is an abundance of gas. the feeling is that if there was a curtailing of the gas, that may h

my family uses gas to supply. i have no idea about the place to go. a bill to keep the news about government is concentrated the chair. many members have made them go to church the light. i want it russian commanders to keep more potent for changing inequality. in college and thinking chilling. now what to make african cricket the plan should be mentioned the school to get caught silicon the oakley teardrop like collar workers hundred and sixty three dollars seems acceptable air conditioning in the city center is open for the time i can read that even though our government has made many efforts to improve the cost of polluting factories and power plants which are the main cause of aids there the content. in eighteen fourteen point three cubic. i can be confirmed i'm delighted. we should be more interesting. ancient nation. we can chat about cycling and and when they go on maybe around five hundred to eight hundred people applied to death by the call she still kept the pinnacle of what it was a bit the effect that are not in a negative way. but that it

largest consumer of gas. it's not in this senator's interest to promote a policy where the prices would skyrocket and put consumers at a disadvantage. we have industrial consumers, residential consumers, but the facts are, and i think the case has been made overwhelmingly by a variety of different reports that opening up markets increases domestic supply, not close it down, increase it, of gas and natural gas, and it also will help to create jobs at home and abroad, and the price, as you all said, louisiana -- the u.s., north dakota production, texas, oklahoma, colorado, will always have an advantage because we're the source of the product. now, yes, does thought have to go into it? is it the silver bullet? no, but it's part of, i think, the equation of how to create jobs at home, promote america's strengths abroad. the three questions i have, and we're not going it take the time, but i'll ask you all to submit them in writing for the committee. one other thing that we export, and alaska's proud of this, loui

nor does strain creates a gas pipeline to find posse train and send gas directly into your eyes you see that ad is also the pound sounds came as well though i don't often and take asset to southern europe that is in planning out the mayan a number of studies at europe's largest natural gas supply now. hamilton is keen to keep it that way but still will not halt the forecast of ninety at travels through ukraine. suddenly it is indeed the rocks is knowing your tent astronaut against concrete. you rocked one small ukraine were nailed to be privy to the texts and gas discount that was the day she says nelson and ninety two countries. khan on sentencing ask the year of weekly train as each has a country full and to supply does not want a conch is accused of many had been lost by a call about imposing sanctions on russia despite your desire to diversify away from the reliance on russian gas logs to a gas pump supplant the eu reap a record amount what team is a course of the developments in ukraine including shocking revelation of this life is in kiev. one whole advisors metal running the coun

the white house has always played a very careful walk with natural gas.ke to say they're in favor of it, again, because it resonates with americans, but their environmental base hates gas. they hate fracking. they have threatened to have repercussions if the white house embraces this. so harry reid did block that vote. i think the real test of whether or not these democrats mean what they say is whether or not they insist that their leadership move ahead on this. >> and it's a good illustration of how green energy politics and the focus on renewables has hurt western european independence energy security and made it more vulnerable to supplies from the soviet union. good lesson for us. >>> we have to take one more break when we come back, our hits an misses of the week. >>> time now for hits and misses of the week. bret. >> this is a hit for our colleague and beloved friend dorothy bewenowitz. the city bike program is running into serious financial trouble, in part because of the hard winter and the mismanaged finances. i like the city bike program but it

germany depends on the gas to run its factories especially hard. and if the cost of german factory output increases because of a sustained increase in natural gas prices or production were to fall because of a shortage, that would rock europe, and ripple across the globe. disruption to russian gas supplies could happen in one of two ways. russia could shut off supplies preemptively, or russia could step things up mill tailor. sending minimum tearily -- militarily. >> crimea which is the primary area of the train which is affected isn't really on the transit route. however, to the east of ukraine, a lot of russian speakers there. if the kremlin seeks to broaden, we could see fireworks in terms of energy prices here in europe. >> europe depends heavily on russian natural gas and through ukraine. europe has tried to diversify away from russian energy by investing in appliance to the cascaspian sea. but would eat up much of the potential supply. >> europe is still primarily pipeline gas market. because of the domestic supplies from these critical produ

but there's another part of natural gas that e.r.onth was talking about the consumption looking at our footprint and there's another part the leakage age of natural gas a molecule is 80 times more powerful in the emissions gas in the one hundred years if we are leaking one and a half percent something less than 2 percent of our natural gas that's equal or request greater than all the natural gas we're burning so a small amount of leakage we've retrofitted 4 hundred homes there our stimulus program and of those percent of them have gas leaks that were undetected by the property owner they're in a crawl space or whatever. those have are leaks we have to go after and that's not on the chart so we're finding new things >> pg&e has a plan around gas leaks. one of the requirements of every one of the home energy upgrades you need to have a gas leak test when you go into the building to find out what it is this is important we do this throughout the city. in addition >> when so pg&e when can he going into the homes they do a test for gas le

germany is the biggest importer of russian gas and oil. some of it comes from pipelines across the ukraine. russian supplies account for 36% of all german gas consumption. german leader, angela merkel has taken on a similar approach in moscow. in washington, president obama's actions are limited by congress. speaker of the house of representatives, john boehner, spoke with the standoff with russia wednesday. >> the majority is working on a bailout package, and working with them on a possible bill dealing with sanctions. they can strengthen the president's hand. >> reporter: the u.s. pledged $1 billion in energy subsidies to cash-strapped ukraine on tuesday, as it's economic situation worsened. >> the state treasury is empty, and due to unbelievable corruption in my country. we cannot collect the revenues in order to execute our social obligations. >> reporter: ukraine has issued short-term debt and interest rates as high as 15%. new government estimates it needs $35 billion in rescue loans over the next two years. >> with the first efforts

it's been reported that more than 2% of the gas leaks. duke university researchers drove around washington d.c. and found 6,000 natural gas leaks were out there, including 12 that could have caused explosions. in boston, 3600. six of which were dangerous. with all that going on, it's a miracle that we don't see more of these. >> we need to update the play book. we need to change your the laws and the regulations. all theuality companies should set aside money for improvement programs to go about replacing the lines. we need to leverage and adopt newer technology. we have censors that can detect gas from long distances. they have to be brought into the industry. >> i thought there was a wake-up call about all of this a few years ago with the gas explosion that killed eight, destroyed 37 homes. was there not enough of a reaction to that? >> i think that was a wake-up call. that was a 1950s pipeline with a single bad weld in it. my former agency came out saying you have to take a hard look at ageing infrastructure. because it's old doesn't m

to coal because gas is cleaner. report by the environmental protection agency said that u.s. power plantsva recently cut their total greenhouse gas emissions by more than 6%, mostly because so many have switched from coal to gas. brownstein believes natural gas is the fogsle fuel we should be using until we get our energy from renewable sources like wind or solar power. so they started to talk to the companies fracking for gas. the one that so many environmentalists see at enemy. >> in order to make change you have to take the time to learn their industry, learn their concerns and be able to talk with folks on their terms about what you see the problems are and also what you see the opportunities are to fix those problems. >> one of the oil and gas companies brownstein approached also saw an opportunity. paul goodfellow is a shell executive. >> it's having a rational conversation with people and looking at the facts think about how collectively we can raise the performance bar. i think it's a conversation we can do

sticking to ensure a knee injury gas appliance russia launched alternative gas transit routes to your left you'll see new places plain twelve. connex the eu and russia via the baltic sea and that south stream that is planned to be launched by the end of twenty fifty. most of that were planned to bypass ukraine which moscow has decided is an undeniable court there. i screamed states and other gets this speech could push him into the financial abyss. with the us is hatching a plan to substitute the russian gas or diesel into ukraine and europe not to do that what you do is preparing to boost its exports to post the white house needs to convince fuel companies to make less money out of europe and the term selling to asia amounting to millions of dollars. second that have to make a fight against medical scientists and then ship it sells rules of the moment is such a costly war he compared to a direct pipeline. haas russia's gas fulfills about that is the key is consumption. it's an amount equal to meet the course of war the us produces and that something good to make sports would hit amer

their environmental base hates gas. they hate fracking and they have threatened to have repercussions if the white house embraces this. harry reid did block that vote. the real test whether or not these democrats mean what they say is whether or not they insist their leadership move ahead on this. >> it's a good illustration how green energy politics and renewab renewables has hurt western energy dependence and made it more vulnerable to the supplies from the soviet union. we have to take one more break. hits and misses of the week. it's hard to describe, because you have a numbness, but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. once i started taking the lyrica the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your

check out natural gas. russian gas accounts for about one third of the gas imports. it matters.ou can see risk aversion spreading through the market. stronger.r, yen risk aversion across the board, guy. >> jon ferro, thank you very much. , what canommission start ups a digital economy do for europe's unemployment problem. we will talk about it when we come back. ♪ >> good morning, everybody. you are watching "the pulse." we are live from bloomberg's headquarters here in london. i am guy johnson these are the top headlines. u.s. secretary of state john kerry is traveling to the ukraine today. ukraine has mobilized its army. >> countries are going to assemble in sochi. 19th century behavior in the 21st century, there is no -- >> we have a problem with our feet. -- with our feed. government shows that output fell to an eight-month low. a private report indicates that the contraction is worse than last month. the paralympic gold medalist is about to appear in court. he is charged with premeditated murder. this story is has admitted to shooting or three times in the middle of the nig

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

disruption to russian gas supplies could happen in one of two ways. russia could shut off supplies preempt actively in response to the threat of sanctions or russia could step is it up militarily sending troops into eastern ukraine, which is part of the natural gas transit route to europe. >> crimea which is the primary area affected isn't on the transit route. however, the east of ukraine, a lot of russian speakers there. if the kremlin seeks to broaden this conflict into those regions, which are on the transit routes, then, you know, we could see fireworks in terms of energy prices here in europe. >> europe depends heavily on russian natural gas and on the infrastructure of pipes that brings it in from russia and through the ukraine. europe has tried to diversify away from russian energy by investing in pipelines to the caspian sea and north africa. growth in europe's demand for natural gas will eat up much of the new potential supply. >> europe is still primarily still a pipeline gas market because the domestic supplies from these critical producer

, oil and gas, apache. ids companies ready to go if this legislation in d.c. is fast track what they want? >> these companies are ready to start increasing production as soon as the demand is there. for power generation, the manufacturing renaissance, we are going to see in the united states and even in transportation. that is what is so exciting about the opportunity. we are not supply constrained. they are going to start meeting that. cheryl: what does that mean for americans in the sense of jobs? when we get a jobs report again a lot of upsetting data we got this morning, americans are not making much money, not getting the work they are trying to find, what will the energy industry do as far as job creation and what about revenue for the country? $6 billion in overall revenue for natural gas production. where will those numbers go? >> no question they increase. natural gas and the oil industry, the one segment of the economy that was growing throughout the recession will continue to do so and as you con

hits gas debt to russia is estimated at almost two billion dollars for last year's and this year's gas deliveries so far without cash he has may no longer be able to keep its energy industry going putting gas contracts with europe in danger now here is how it works a quarter of you were gas comes from russia ukraine and after numerous warnings russia says it will no longer offer ukraine discounted gas prices starting this april so what if you create fails to deliver on its gas trance a deal well we've been there before back in two thousand and six the pipes were turned off when ukraine did not pay in its gas obligations to russia leaving half of you were up and the cooled the winter of two thousand and eight and two thousand and nine brought in another freezing cold following the same reason than gas supplies were hold it again just as demand was at its peak seeking to ensure an injury to gas supplies russia watched alternative gas transit routes to europe well that's north stream operating since two thousand and twelve connects the and russia via the baltic sea and that south stream t

gas prom has stated that it is preparing to double the price that ukraine pays for its natural gas whichould crumple the country's already weak economy. now, we have a powerful tool to counter this pressure, one that is just waiting to be used and that's our own energy reserves. we must remove restrictions on the export of u.s. crude oil d natural gas into eastern europe. we have in fact a letter to the speaker of the house from the heads of state of poland, of the czech republic, of slovakia, of hung ari -- hungary, asking us. listen, at the end of the day, if we do this, we end the flaring of gas here in the united states because of the glut. we're able to help our balance of payments. we'll help reduce our deficits. it increases russia's deficit it's, frankly. it produces jobs here in the united states, but it comes at a time when vladimir putin has decisionmakers in eastern europe with respect to his power on monopoly over gas. lifting frankly these self-imposed sanctions on ourselves in terms of not exporting our excess gas, would not only boost the u.s. economy and create american