." >> i would love to find somebody to interview at halliburton. >> reporter: his film is critical of fracking. fluid is injected into rock, breaking it to release gas. the film focuses on fears about the water supply. >> whoa! jesus christ. >> reporter: "nightline" brought fox to arkansas because of all the new questions here about drilling and earthquakes. the voices here, he says, are like canaries in a coal mine. >> people are your first level of scientific data. you have to trust what people are saying on the ground as your first level of any investigation. >> reporter: in the gentle hills of the arkansas river valley, the treasured serenity has been shattered. >> the ground just romlls. >> reporter: for dirk and his neighbors, the shaking began last summer. >> and it's like a loud thunder clap and the house shakes at the exact same time. >> this has split and cracked here in the sheet rock. >> reporter: it seems like your house is kind of separating. >> yes, my whole house is kind of -- that's a good way to put it. >> reporter: susan showed us the cracked walls in her home. >> t

bp says it is halliburton's responsibility to pump the cement. halliburton says it is bp's responsibility to design the cement job. we need to make clear what entities are responsible for what the citizens and probably even more so identify one specific entity who was responsible for the overall operation. i would think that that would be the operator, but we need to make a clear. so that some of these decisions are not falling through the cracks and someone is in fact taking was possibility. poor communication, an example of that is the december 23, 20009 event in the north sea with near identical near miss on a transocean rig. transocean identified the problem there, very similar to those that led to the blowout in the gulf. but transocean did not adequately communicate those findings to its own personnel. it limited the distribution to the north sea, because that was where it occurred. but the lessons would have been useful for everyone, and rather than distributed broadly, tell everybody, you need to look at this, they simply put it in a data

the obama administration blamed not only bp, but trans ocean and halliburton as well.hey said that this was a huge bill. no one will pay that for us. so it will go through the courts. it may take years or decades. meanwhile, scientists cannot agree how much damage all of that oil has done in the gulf of mexico. most scientists say that it is not as severe as everyone first thought. some say it has gone altogether. still others say that it is lying on the bottom of the ocean floor. it could take years of study to find just how much damage it has done in the and. >> vp is still involved in the cleanup operation, is it? >> it is not for the moment. at its peak, there were 150,000 people involved in the operation. now it is down to two thousand people. i was down in louisiana where we found a fresh cleanup crews still finding tarballs, but the operation is down to a minimum. some people are not exactly sure who is in charge. the fishery and what the officers are involved. but it has been scaled down hugely. on the face of it, some parts of the gulf look healthy again it is

the last six months of all the sectors, and in there we've got sex son, chevron, slul berger, and halliburton. >> tom: you also liked some fixed income, but the picker here on this one, ead, a wells fargo advantaged income, focuses on junk bond, so ear getting the yield of almost 10%. does that concern you though, as europe is raising interest rates and elsewhere? >> no. the junk bond market should do the same as the s and p 500 stocks. and the reason is because we're in part of the economic cycle where the default rate is the lowest we've seen in many, many years. and it should continue unless we go into a recession if oil prices go to 130, that could be a problem, because it could be recessionary. >> tom: september 17 was the last time you were here. let's go through four four picks back then, the performance also showing double digit returns, beginning with the industrials, up almost 22%, the consumer discretionary fun moving up nicely as well. tech not the lag ard up only 15%, but the home builders, how about that, 23%. do you still like this quarter felt? >> oh, yes, i still do. >> tom:

rang up a seven point one billion dollars profit as the gulf coast is still oil and halliburton cashed in a five point three billion dollars profit as well as the national economy slowed down in the first three months are the world's largest oil corporations are doing better than ever started to seem like he's transnational corporations are parasites and don't care that when they do best america gets worse we're literally handing exxon mobil and the and the like the other companies billions in subsidies every year to screw us over at the gas pump and republicans in congress won't let us stop it that's why some democrats have seized the royal wedding theme to highlight the relationship between big oil and the republican party the democratic congressional campaign committee just launched a website to hype the political marriage if you choose john boehner dressed like the queen and reads please join special guest speaker john boehner and celebrating the sacred blastin union between the republican party and big send your wishes to the happy couple. for guitarist p.p. . for more on the marr

spearman despite the halliburton lippold you feel like to have enforcement powers? >> when there is in dillinger and we have enforcement powers under the safe water drinking act. >> thank you. >> again, think you for your testimony. let me point out that the epa has authority to act in certain areas. and obviously, if we think it's not adequate then we will look at taking action and senator kec is introduce legislation. but it seems to me that it's pretty clear is a relates to the waste water treatment facility issues on the fluid's returned to the surface it's my understanding there is still seven waste-water treatment facility plants taking today the fluids coming out of fracking, and what you're own agency already acknowledging that it presents a threat to human help i would hope would be the highest priority as you will get the appropriate role for the epa. i think senator udall's pond concerning the eisel issue is one also requires the epa to take a more definitive action and senator merkley has raised important issue also so i hope that you will good on tv to

and everyone on the left talks about all those dick cheney halliburton there's insider stuff we think gave dick cheney all those contracts when he was running however it was the clinton administration so you know this is a bipartisan game very much so tom you know i'm curious jeremy what quite your interest with regard to black his blackwater and erik prince what led you to write that book. well you know i started going to iraq in the one nine hundred ninety s. and really cut my teeth as a reporter working for democracy now and writing for common dreams and counterpunch and other independent websites and not getting paid for any of it but i was i was in iraq for a lot of the ninety's all the way into the early two thousand and just by chance one of the places that i had spent a lot of time during my time in iraq before the u.s. invasion was in the iraqi city of fallujah and i knew people there and i had interviewed people there because it was the site of one of the worst cases of civilian deaths caused by the u.s. bombing of iraq during the ninety one gulf war so i spent a lot of time

historically high first quarter profit of five point three billion dollars while the money because as halliburton claimed that today's financial times there is increased drilling in the united states they made most of that money in the u.s. so should the right back off its criticism that obama isn't doing enough and what really realize the real reason for surging gas prices is because of rampant speculation on wall street even conservatives are talking about speculation driving i think i mean no i don't think we should back off just because they were able to drill in some new places the united states and they more and more profit that doesn't mean there's drilling wherever i want to wash it all why is the price of every every oil company you the oil companies want to drill in places where they believe there's a lot of oil in the united states and off the coast united states where they were not permitted to do to do it why not let them do it why don't you have that one piece of the problem we're awash in oil we're awash in oil but we're also awash in a tremendous amount of demand for oil i mean th

talcum powder and said this is going to kill everybody and i was all prearranged stagecraft to get halliburton a bunch of contracts to murder people senselessly in iraq so now it's just a guy who are deciding to murder people's sense of sleep with inflation and they prearrange all these s. and p. ratings and they cook the books and the proof is on the dollar which is collapsing and they're going all slow and maybe if you had anything in us dollars prepare to lose it all it's all going to opus i'm so sorry anyway stacey never thanks so much for playing the cards the report take humans and i come back i'll be speaking with matt taibbi so don't go away. well i go back to the guys are in for a time now to go to new york and talk with the rolling stone journalist matt taibbi matt welcome back to the kaiser report are you doing next all right matt i want to talk to you about your piece the real housewives of wall street but first tell us what is healthy it's the term asset backed lending facility it's a bailout program that was created by the fed and it was ostensibly designed to help spur consumer

halliburton, who is the largest cementing company, and does this for everyone, went ahead and, despite the fact that there were three tests, went ahead and pumped the cement. quote bill riley when he asked the ceo of halliburton whether or not a burden on the pumps that cement for bp. i doubt it. they were doing their job, but somehow the fact that the cement, the slurry, was known not to be good, and they did it anyway, was indicative of something that is not right about the industry. also, transocean and b.p. did not have as i said an agreement for how they did well control, which is, i will say, the most important thing to do while you are drilling a well. so, whose fault was that? i would say both of them. some companies do have a far better safety regime, but they still operate on rigs that are leased and owned by other companies, and with a number of contractors, and do we know that they have a good safety case? i really don't think so. >> thank you. one of your comments, you said you did not feel like water that was driving curling risk, but you felt like killing risks right to

halliburton, who is the largest cementing company, and does this for everyone, went ahead and, despite the fact that there were three tests, went ahead and pumped the cement. quote bill riley when he asked the ceo of halliburton whether or not a burden on the pumps that cement for bp. i doubt it. they were doing their job, but somehow the fact that the cement, the slurry, was known not to be good, and they did it anyway, was indicative of something that is not right about the industry. also, transocean and b.p. did not have as i said an agreement for how they did well control, which is, i will say, the most important thing to do while you are drilling a well. so, whose fault was that? i would say both of them. some companies do have a far better safety regime, but they still operate on rigs that are leased and owned by other companies, and with a number of contractors, and do we know that they have a good safety case? i really don't think so. >> thank you. one of your comments, you said you did not feel like water that was driving curling risk, but you felt like killing risks right to

halliburton to handle the public workings. what happens if they fail.ill you guarantee they can save my house in a fire? san carlos is going to start talks with redwood city and if those negotiations fail, outsourcing can be brought back to the table. the fire department that works with belmont fire will decide officially this october. >> thank you . the san jose city city meet to get an update on labor negotiations to avoid lay offs of 600 city workers. they are expected to send out notices to workers warning them they could lose their yobs by the end of june. it involves police and libarians. last year 1713 positions were slashed and laid off to close a 118 million deficit. the city upons union employees to take a pay cut. >>antioc police are investigating the shooting death of a man trying to protect his female roommate. the woman tells police her ex-boyfriend showed up at 9:30. she left and called 911. while she was making the call she heard gunshots and they found the roommate dead when they arrived. neighbors say the man killed was a good person t

this is all halliburton problem.eople like dick cheney and their cronies, they spent -- a set all of this kind of thing up, they delight -- they delayed true progress for profit -- they delayed true progress for profit. they are getting less and less regulation put on them and they lobby for this constantly. meanwhile, the country is just being destroyed, environmentally. host: that was michael. we will pick up this conversation again here of around 8:15 a.m. eastern time. we're talking to two members of congress from the gulf coast region. we will continue to take your phone calls again. if you are interested in the commission hearings and investigations done on the gulf coast owes go, go to our website, c-span.org, and our video library. there is a link in the upper right-hand corner. you can go to that and view many of the thousands of hours that we did here on c-span covering that. we will continue the conversation a little bit later. coming up next, benjamin jealous, president and ceo of the naacp. we will be ri

bp says it is halliburton's responsibility to pump the cement. halliburton says it is bp's responsibility to design the cement job. we need to make clear what entities are responsible for what the citizens and probably even more so identify one specific entity who was responsible for the overall operation. i would think that that would be the operator, but we need to make a clear. so that some of these decisions are not falling through the cracks and someone is in fact taking was possibility. poor communication, an example of that is the december 23, 20009 event in the north sea with near identical near miss on a transocean rig. transocean identified the problem there, very similar to those that led to the blowout in the gulf. but transocean did not adequately communicate those findings to its own personnel. it limited the distribution to the north sea, because that was where it occurred. but the lessons would have been useful for everyone, and rather than distributed broadly, tell everybody, you need to look at this, they simply put it in a data

this so-called halliburton loophole eliminates the federal oversight that we would like to see on companies that inject chemicals into the ground in order to breach -- in order to get to the hard to reach natural gas. some states have adopted strong laws to restrictfracking. nots face it, water does recognize state boundaries. you may live in a state that has strong laws against this process but the state next door does not. your water and your family could be still at risk. the risk to humans is not limited to those live -- who live near the drilling site. during the process, the waste water that flows back to the service can also be highly contaminated. a recent investigation revealed that the waste water can and up and rivers and streams and even if it is taken to waste water treatment plants, the water often contains radioactive and toxic materials that the treatment facilities cannot remove. anyon't want to make mistakes in our representation. natural gas has its advantages. it is critical for our energy needs. natural gas is cheaper and cleaner than oil and important to domestic energ

spearman despite the halliburton lippold you feel like to have enforcement powers? >> when there is in dillinger and we have enforcement powers under the safe water drinking act. >> thank you. >> again, think you for your testimony. let me point out that the epa has authority to act in certain areas. and obviously, if we think it's not adequate then we will look at taking action and senator kec is introduce legislation. but it seems to me that it's pretty clear is a relates to the waste water treatment facility issues on the fluid's returned to the surface it's my understanding there is still seven waste-water treatment facility plants taking today the fluids coming out of fracking, and what you're own agency already acknowledging that it presents a threat to human help i would hope would be the highest priority as you will get the appropriate role for the epa. i think senator udall's pond concerning the eisel issue is one also requires the epa to take a more definitive action and senator merkley has raised important issue also so i hope that you will good on tv to

halliburton is a branch of the government basically. >> host: with a couple of minutes left and let'stalk quickly about what you do aside from writing politically incorrect guide to socialism. you are an editor at "national review," another conservative magazine in new york. you write a blog for "national review" called exchequer. which goes through many of these same ideas, on a minute by minute basis. and you're also a theater critic desperate i am a theater critic for the new karthoum. sometimes a professor at the king's college at the empire state those which is a lovely place. >> host: you and i have a common, a rare feature among conservative intellectuals which is that we have, we're interested in culture, pop culture, literature culture, theatrical culture. >> guest: it was an economics stuff like that. know what goes to war with the tax rate is 35% or 38%. but when i was a student at the university of texas i was appalled by the politicization of higher education system, in doctor nation that was going on there. the way that touched things i cared about. regard to music and l

i mean, ge is a bridge the federal government, halliburton is a branch of the federal government, basically. the state can get as big and expensive as it possibly can and will make them wealthy. >> host: we have a couple minutes left, and let's just talk quickly about what you do aside from writing politically incorrect guides to socialism. you are an editor of the "national review," the conservative magazine of new york. you write a blog for the "national review" called exchequer which goes through many of the same ideas on a minute by minute basis and you are also a theater critic. >> guest: on the criterium and sometimes a professor at king's college. it's a lovely place. >> host: so you and i have in common a rare feature among conservative intellectuals which is we are interested in culture, pop culture, liberal culture, theatrical. >> guest: i first got into the conservative activism was sent economics and stuff like that. no one goes to war over the tax-free is 35 or 48%, but when i was a student at the university of texas i was really appalled by the political season of the higher e

ge is a branch of the federal government and halliburton is a branch of the federal government.the state can get as big and expensive as it possibly can and they will be totally happy with that because that will make them happy. list we have got a couple of minutes left. let's talk quickly about what you do aside from writing politically incorrect guide to socialism. you are an editor at national review comic the conservative magazine in new york. you write a blog for the national review called exchequer, which goes through many of these same ideas albeit on another basis and you are also -- >> guest: sometimes i'm a professor at kings college and the empire state-building is a lovely place. >> host: you and i have in common a rare feature among conservative intellectuals which is that we were interested in the pop-culture and literally and -- later a culture. >> guest: no one goes to war over whether the texas 35% or 30% but when i was a student at the university of texas i was appalled by the politicization of the higher education system and the indoctrination going on there,

halliburton, k.b.r. not one contract got out of the white house. in fact, the owner made $4 billion in six months alone, on slaughtered soldiers. iraq war might have been a lie, but it didn't stop the neocons. they used homeland security as contracts for the good old boys. and let's see, war is great if you don't have to look at it or pay for it. china is helping with our demise. and while my sons are there fighting for so-called freedom we're fighting for corrupt dictators and karzai getting a million dollars from iran, and want our sons to die for him? he needs to be splattered in a crater. thank you, america. host: from the "baltimore sun" and the campaign trail. the doctrine across the u.s. can expect to pay. from new york this says the next time america is called on to act as global policemen, the world should expect a bill from uncle sam, donald trump says. asking about defense spending priorities. next a call from st. petersburg, florida. jim a republican. caller: hi. i've got a lot of points to make, so please don't cut me off. let's just t

the federal government, halliburton is a branch of the federal government basically. the state can get as big and expensive as it possibly can because a will make them wealthy. >> host: we have a couple of minutes left and let's just talk quickly about what you do aside from writing politically incorrect guide to socialism that you are and the conservative magazine if new york, you write a blog for the "national review" called exchequer which goes through many of the same ideas on the minute by minute basis and you are also a theater critic. >> guest: a professor sometimes at king's college. >> host: you have the feature of the intellectuals which is that we were interested in the culture and pop culture and literature and theatrical culture. >> guest: what first got me into the conservative activism was sent economics and stuff like that. i mean, no one goes to war over the tax rate is 35438%. but at the university of texas law was really appalled by the politicization of the high your education system and the indoctrination was going on, the way that touched things

errors and misjudgments by three companies, bp, halliburton, and transocean, played key roles in this tragedy, and that government regulation was not effective in preventing the disaster, and offshore drilling becomes even more complex and riskier. no one on the commission expects that offshore drilling will cease at all. we need a u.s. source of oil and gas, but we need to do this in a more safe and responsible manner. when we don't know that much about the geological and other conditions, it becomes very risky. we believe that it can be done safely. the commission recognizes that significant steps have been taken thus far by both government including michael bromwich in reorganizing his organization, the mms, into -- i will call it boem -- but more needs to be done. we need more research in all areas related to exploration, production, response, and containment, and i hope this committee will oversee that research and suggest what needs to be done. the industry needs to develop a far better culture of safety, and these are -- these recommendations are contained in the report. first

bp, transocean, and halliburton. that tells you something. the natural gas controversy right now is very similar to the controversy over mountaintop removal, coal mining, oilnd gas drilling. there are consequences to all of our sources of aossil fuel energy. it is the job of the federal government, specifically the epa, to understand what the consequences of are those activities and to ensure that the environment and people suspected in the process. that is the central part of their mission and it is a mission that the public supports. there are communities across the country who are enraged at what is happening in their communities because of that kind of oversight and safeguards are not assured. the most powerful voices we have right now about what the consequees of our energy appetites are. host: joe from west virginia on our democratic line. caller: i would like to ask the host is c-span could possibly do a show on a laptop removal. mountaintop removal is a devastating issue for the appellation -- appalachian mountain states. i am a retir

this so-called halliburton local elaine is he chemicals in the ground in order to reach to get to the heart to reach natural gas. some states as we've heard have adopted strong laws to reduce the risk to their residents but let's face it, water doesn't recognize the state boundaries and you may live in a state that has strong lobbies but if the next door doesn't come in your water and your families could still be at risk. the risks to humans isn't limited to those who live near e drilling sites and during assume the process could be highly contaminated. then a recent "new york times" investigation revealed the waste water cannon and rivers and streams and en if it's taken to the waste water treatment plant the water often contains radioactive toxic materials that the treatment facilities cannot remove. we don't want to make any mistakes in our representation here. natural gas has its advantages. and it's critical for the energy needs. natural gas, cheaper and cleaner than coal and important to invest in the energy source for the country but nothing, nothing is more important than the

bp, transocean, and halliburton. that tells you something.he natural gas controversy right now is very similar to the controversy over mountaintop removal, coal mining, oil and gas drilling. there are consequences to all of our sources of a fossil fuel energy. it is the job of the federal government, specifically the epa, to understand what the consequences of are those activities and to ensure that the environment and people suspected in the process. that is the central part of their mission and it is a mission that the public supports. there are communities across the country who are enraged at what is happening in their communities because of that kind of oversight and safeguards are not assured. the most powerful voices we have right now about what the consequences of our energy appetites are. host: joe from west virginia on our democratic line. caller: i would like to ask the host is c-span could possibly do a show on a laptop removal. mountaintop removal is a devastating issue for the appellation -- appalachian mountain states. i am a r

general electric and halliburton, these companies get tax dollars from americans who pay taxes. but i would like to know if this gentleman has read this book, because our middle class is collapsing. and the rich and the super rich and the billionaires want to get rid of the 20th century. have you read this book? >> i have not read the book, but i understand the issues very well. i think that a lot of people reflectively turn to protectionism when they see this sort of behavior going on. they want to penalize the companies here and penalize the companies overseas. the best way to get jobs back into the united states is to reduce taxes and reduce regulations. if you increase taxes -- let's say hypothetically to 100%, companies in the united states will go elsewhere. it's just obvious. they'll be able to exist and maintain their businesses in a much friendlier climate. so the best thing to do is to reduce taxes so you can drive capital, drive jobs, and drive companies in the united states. they don't want to move offshore. they're happy to get jobs in the most productive markets in

spearman despite the halliburton lippold you feel like to have enforcement powers? >> when there is in dillinger and we have enforcement powers under the safe water drinking act. >> thank you. >> again, think you for your testimony. let me point out that the epa has authority to act in certain areas. and obviously, if we think it's not adequate then we will look at taking action and senator kec is introduce legislation. but it seems to me that it's pretty clear is a relates to the waste water treatment fality issues on the fluid's returned to the surface it's my understandi tre is still seven waste-water treatment facility plants taking today the fluids coming out of fracking, and what you're own agency already acknowledging that it presents a threat to human help i would hope would be the highest priority as you will get the appropriate role for the epa. i think senator udall's pond concerning the eisel issue is one also requires the epa to take a more definitive action and senator merkley has raised important issue also so i hope that you will good on tv to respon

halliburton, k.b.r. not one contract got out of the white house. in fact, the owner made $4 billion in six months alone, on slaughtered soldiers. iraq war might have been a lie, but it didn't stop the neocons. they used homeland security as contracts for the good old boys. and let's see, war is great if you don't have to look at it or pay for it. china is helping with our demise. and while my sons are there fighting for so-called freedom we're fighting for corrupt dictators and karzai getting a million dollars from iran, and want our sons to die for him? he needs to be splattered in a crater. thank you, america. host: from the "baltimore sun" and the campaign trail. the doctrine across the u.s. can expect to pay. from new york this says the next time america is called on to act as global policemen, the world should expect a bill from uncle sam, donald trump says. asking about defense spending priorities. next a call from st. petersburg, florida. jim a republican. caller: hi. i've got a lot of points to make, so please don't cut me off. let's just t

general electric and halliburton, these companies get tax dollars from americans who pay taxes. but i would like to know if this gentleman has read this book, because our middle class is collapsing. and the rich and the super rich and the billionaires want to get rid of the 20th century. have you read this book? >> i have not read the book, but i understand the issues very well. i think that a lot of people reflectively turn to protectionism when they see this sort of behavior going on. they want to penalize the companies here and penalize the companies overseas. the best way to get jobs back into the united states is to reduce taxes and reduce regulations. if you increase taxes -- let's say hypothetically to 100%, companies in the united states will go elsewhere. it's just obvious. they'll be able to exist and maintain their businesses in a much friendlier climate. so the best thing to do is to reduce taxes so you can drive capital, drive jobs, and drive companies in the united states. they don't want to move offshore. they're happy to get jobs in the most productive markets in