the international energy agency-- better known as as the i-e-a predicts demand for coal could come close to outpacing oil in the next few years. global demand for coal is expected to bump up by 2.6% per year through 2017. strong demand is expected in china and india in the next 5 years. while the surge in coal exported from the u.s. to europe-- should peak soon. toyota confirms it will have to pay a record $17.35 million fine. it's being levied against the car giant because it delayed recalling nearly 150,000 lexus rx models due to unintended acceleration problems. the impact on toyota's image may be blunted given that it's in a race with arch rival honda to see which company will be hit with more safety recalls in 2012. morgan stanley will pay $5million penalty over facebook's ipo. regulators in massachusetts are fining the brokerage firm for allegedly disclosing facebook's revenue shortfall to analysts -- but not the general public. according to reports.. morgan stanley alerted analysts a week before facebook ipo-ed on the nasdaq. one of the latest deals on wall street has the media in

. >> reporter: the good news comes on the heels of a game-changing headline from the internal energy agency. they predict the u.s. will be energy independent by 2030. and become the world's largest exporter of oil, surpassing counties like saudi arabia, venezuela, nigeria and even iran. solar, wind and a backyard oil boom has changed the global landscape, and the landscape on our own backyards. we saw it first-hand in kansas. new technologies unearthing previously untapped oil reserves there and across the u.s. the effects already being felt well beyond the gas pump. >> this unconventional revolution in oil and natural gas is already having a big impact on the united states. it has created something like 1.7 million jobs in the last few years. >> reporter: and consider this. the economists at moody's tell us, if gas prices drop another 50 cents this year, it will create another 350,000 jobs by this time next year. and in the next few months, pending no major disruptions, we could seal our grocery bills and the cost of medicines, many of them made out of petroleum, come down, too. >> sharyn

unrestricted access to the pipeline i had a chance to discuss this issue with the head of the international energy agency earlier this week i think it's absolutely necessary that the issue of seoul stand you know in russia's interest in a single market who wants to be a big player on this market so that means that you have to learn to to play according to the rules but of course i'm not a negotiator and so it depends on the negotiations between russia and to. the e.u. and most independent analysts we speak to also seem to think that regardless of how different the positions may be of the valid. points that both sides might have they will have to come to some kind of an agreement especially considering that they have a couple of years to do it while the consortium members are busy laying down the pipes another show they're reporting from gas from headquarters in moscow now finally credit suisse one of the foreign pioneers of the russian stock market is now shutting down its investment banking operations in russia the bank will be dismissing fourteen experts as part of the move and that's its biggest cut s

the international energy agency warns that coal is on track to be the world's chief energy source by 2017 mainly because of china. what's an environmentalist to do about all this of. we asked bob deans of the natural resources defense council at the top of the hour. stay tuned. and let's go back to nicole for a check on microsoft right now. of course that's stuart's favorite stock. what's it doing? >> that's right, he always discloses that he owns some shares. well, if he were to be watching right this moment he'd be disappointed because the stock here is down nearly 1%. the biggest loser in the dow jones industrials and the experts have been watching the shopping this holiday season, are not seeing the shoppers really buying windows 8, the latest microsoft software and saying while the parking lots have been full in the malls and such and apple store is bustling and people are leaving with packages, while people are intrigued with microsoft 8 they're not really getting in there and buying the new computers. so weak pc sales are hurting microsoft overall and windows 8 is just not bri

might deliver on that prediction last month from the international energy agency, calling for the u.s. to surpass saudi arabia as the world's largest oil producer by 2020. here's one good thing to come from the destruction of hurricane sandy-- verizon customers will be getting faster, and more, telecom services. the company said today it is replacing damaged copper wires with fiber optic cable. that upgrade from older, slower copper allows verizon to offer more digital services, including bundling phone, internet and cable tv. and it means an increase in revenues for verizon. tom, that was the message from verizon's c.e.o., speaking at an investor conference today. but it didn't do much for the stock. verizon shares fell, like many of its fellow dow components trading here on the big board. >> tom: let's get going with tonight's "market focus." with no big economic data for cues, stocks finished a lackluster day in negative territory. the s&p 500 struggled to find a clear direction and spent most of the session in the red. it ended with a small loss of two tenths of 1%. trading volume

>>reporter: good news comes on the heel of gym changing head lane from the international energy agency. they predict the u.s. will be energy independent by 2030. and become the world largest expor exporter of oil surpassing country lake saudi arabia, venzuela, even iran. solar. win. back yard oil boom has changed the global landscape and the landscape in our own back yard. we saw it firsthand in kansas. new technology unearth untapped oil reserve there and across the u.s. the affects already being felt well beyond the gas pump. >> this unconventional revolution in oil and natural gas is already having a big impact on the united states. it is creating something like 1.7 million jobs in the last few years. >>reporter: analyst with moody say for every 50 cents the gas drops this year that creates 350,000 jobs this time next year. that's abc news, new york. >> strike that has paralyze crab fishing off northern california will enter seventh day tomorrow. negotiations to end the dispute over pricing broke off this evening at fisherman wharf without an agreement crab boat owners held several

the international energy agency is increasing its global oil demand are forecast next year, saying demand will rise by $865,000 barrels to 90.5 million barrels per day. >>> mississippi taxpayers getting burned. the state has given $22 million in support to six green energy companies since 2010. but new analysis by the associated press says, they have created less than 500 jobs. not so good. >>> solar city is postponing its ipo the solar installer was supposed to price yesterday and make its public debut today. details for the delay have not been closed. solar city was seeking to raise $151 million. >>> the fed cracking up the stimulus, cranking up the stimulus knob to full blast. it is dropping $45 billion a more a month on u.s. treasurys. inflation and ballooning balance sheets be damned! i can't keep track anymore of all the it tried to jolt the economy into recovery with very little to show for it i might add. is it time to call in the fed busters to stop ben bernanke from messing with our economy? i like that. joining me nariman bear verb, ihs chief economist and steve moore from the

the international energy agency estimates their exports of oil have been cut in half, you know, frombout 2.3 to 2.5 million barrels down to 1.3 and, i wonder, you know, why did they think that they have an accurate count of what's being exported? i mean they could be doing all kinds of things under the table. do we have any idea how much oil they're really selling, do you think? >> well, that's a good question. we had some experience watching iraq get around sanctions about 12 years ago and it really did increase quite a bit. iraq managed to smuggle a lot of oil out through its northern territories through syria, et cetera. i wouldn't be surprised if iran is trying to do the same thing. of course most of the traffic along the persian gulf we can watch pretty carefully. we have a lot of rennaissance capability there. they could still get some out in small boats. theyould get some out to the north or through afghanistan. but of course the areas to their north and east are not very prosperous or not very good trade routes for a lot of oil. so my guess you'r right to have that concern bu

the international energy agency tells us we have five years until the widow to avoid irreversible climate change closes. the science tells us we have five years maximum. you are seeing -- saying, give us 10. the most stark a trailer your generation's responsibility to ours is that you call this ambition. where is the courage in these rooms? now is not the time for incremental actions. in the long run, these will be seen as the defining moments of an era in which narrow self interests prevailed over science, reason, and compassion. there is real ambition in this room, but it is being dismissed as a radical, deemed not politically possible. stand with africa. long-term thinking is not radical. what is radical is to completely alter the planet's climate to betray the future of my generation and to condemn millions to death by climate change. what is radical is to write off the fact that change is within our reach. 2011 was the year in which the sun and jordy found their voice, the year when the bottom shook the top. 2011 was the year when the radical became reality. common but differentiated

. >>> the international energy agency predicts that the u.s. orld's largest oil producer by 2020. much of the current energy boom comes from the increasing use of a process known as hydraulic fracturing or more common name fracking. in which oil and natural gas are extracted by shooting huge quantities of water, sand and chemicals into the ground at high speed to break up shale rock formations. in his state of the union address in january president obama haled the economic benefits warning of potential safety risks. >> we have a supply of natural gas that can last america nearly 100 years. [ applause ] and my administration will take every possible action to safely develop this energy. >> although burning natural gas releases only half as much carbon emissions as coal or petroleum many remain concerned about fracking harmful effects on the water supply, air equality and live stock. the cause has found a number of prominent spokes people. >> people understand that fracking is not safe and no matter what the gas and oil industry tells them, they'r

israel to quickly open its nuclear facilities to international and inspectors from the international atomic energy agency the resolution was passed with one hundred seventy four in favor a six against and six abstentions and essentially it's calling on israel to join the non proliferation of nuclear treaty not as of yet it is off all countries who do have nuclear arms but who are not recognized by those from on proliferate proliferation treaty these resolutions of the united nations are not legally binding but they are important because they reflect world opinion and they certainly carry political weight so this is something that will make tel aviv sit up and take notice what we've witnessed ever since the palestinians went to the united nations last week and were recognized with increased status is a strong reaction from the israeli government the israeli prime minister netanyahu or not that he was approving some three thousand new sic knowhow in this essentially an area known as the one which is in these two men the west bank and it does mean that these two areas will be cut off from each other the int

but iranians don't believe the international atomic energy agency really has any fear about the party in sight and that it is basically american pressure that forces the agency to take such steps because it's very western oriented organization it's not a democratic body most countries in the world meaning the nonaligned movement in fact support the rand position. but the reason why the iranians have not allowed them to enter is because they've already done so twice before part sheen is a military complex the iranians have a military industry now if. in the past when iran information be passed them on to western countries and eventually we have iranian scientists assassinated because of this information if we've done that in the past why should the iranians trust them to a not pass on this information to the united states about you and defense capabilities and b. what is the end game. coming on the russian president lashes out at the american prison system. following a u.s. decision to sanction russian officials linked to alleged rights violations in a high profile corruption case. and

well first of all the iranians don't believe that the international atomic energy agency really has any fears about the party in sight and that it is basically american pressure along with the pressure of its allies that forces the agency to take such steps because it's a very western oriented organization it's not a democratic body most countries in the world meaning the nonaligned movement in fact supporting iran's position. but the reason why the iranians have not allowed them to enter is because they've already done so twice before and if on every occasion the iranians allow them to carry out their mission and iran gets nothing in response then there is no real partnership here well certainly it's a tough situation for iran but again when you have a situation where the international community is firm on these suspicions and iran which continues to maintain that it's not developing its nuclear program for military purposes why not just give into this one request let them in and smooth things over so that the country can get what it wants back in return. one again is that it's not the

know moment el baradei who was completely dumbfounded by the west when he was at the international atomic energy agency over the iran situation they want those kinds of people in whereas mr morsi is much more complex figure this is really. serious and western reporting if you forget about egypt as long as morsi signed a deal with the i.m.f. you know the central bank the i.m.f. the you get these are the real things in the shadows that are really about the future of egypt and the people of egypt north and. whether you were never treated in the streets of cairo or alexandria so you know that openness may continue maybe there is the need for. a unified government brings something. unique. spin. and i certainly don't want to sort of undermine or under play the importance of the economic situation on the ground which as you say the people really should be focusing on more than the political but look at the end of the day if we focus for more on the issue of democratic party in egypt the islamists at the helm were a result of supposedly democratic elections i mean shouldn't shouldn't their policies in that se

there's solar, which according to the international energy agency is the fastest growing because theels are dropping at 7% a year. it pushes the price down 40% in the past year. a all of this is encouraging. because of the costs aren't included in gas and coal, the only way to be competitive is through subsidies like the renewable energy tax credit. continuity and the availability of the renewable tax credit ensured steady growth in wind power. conversely in 1999, 2001 and 2003 wrecked havoc in the years that followed. the faite the clean energy lies in the hands of lawmakers which is a scary place to be. we have the executive director of the solar electric life fund, and vice president of the development and renewable energy systems america and a leading developer of wind projects and a next generation project fellow at the center for international security and law at the university of texas austin. >> wow. >> and dave roberts staff writer on energy politics. he's back at the table. let's start with the subsidy issues. with renewable and olind dra is is an iconic thing like these ar

energy, port, shipping, and ship building sectors. it's part of the ongoing u.s. effort to push iran to abandon its nuclear efforts. haven't worked. today iran's ambassador to the international atomic energy agencyd that any attack on its nuclear facilities could spark iran to kick out the inspectors and withdraw from the nonproliferation treaty. meantime, a senior iranian cleric today claimed that the recent war between israel and hamas in gaza was a direct victory for iran. hamas militants in gaza fired hundreds of rockets into israel. including iranian made if a jerry five mills that tel aviv. hamas leaders have publicly thanked iran for its assistance. secretary of state clinton is working to chart a path forward for the israelis and palestinians one day after the voted to recognize the nonmember state. secretary clinton meeting with officials including the israeli defense minister and palestinian prime minister. the white house says only face-to-face negotiations will lead to a lasting peace. meantime just after the u.n. vote, israel approved construction of new housing in the west bank in ears jerusalem. palestinian leaders said that would not return to the peace talks unless and until isr

he is the former head of the international atomic energy agency and a nobel peace prize winner. . >> ifill: thank you for joinings us. you called egypt to reject the -- what's recan to how it turned out? >> it is going to pass but it's a sad day in my view for egypt because it is going to institutionalize stability, very polarizing charter, defines a lot of the basic human value like treatment woman of religion, freedom of expression, so i'm not sure that this is the way forward. however, we would have to take it from there and i think that we treat that constitution try to get another assembly to work, that is not polarizing but establish a consensus among the two divided fraction of the society. right now we have educated middle class on one camp and the so-called islamists and majority of the illiterate part on the other side. that's not the way we expected after the uprising. we need a charter that unifies people that not talking about controversial issues like role, freedom of expression, freedom of religion, freedom of worship but talk about science, technology, health care, th

. >> the former head of the international energy agency says he's willing for a dialogue with president -- your government cancels the amendments to the current constitution, granting president morsi extensive powers and postpones the referendum on the proposed new constitution. that referendum is supposed to take place december 15th. will you meet those conditions? >> well, the question is, will we accept -- the answer is yes. morsi has started a national dialogue before three or four weeks ago, and today he announced for another invitation -- conditions is imposing the will -- >> these conditions that mohammed has put forward are unacceptable? >> everything could be discussed on the table, but not conditions. >> he says -- what about, are you open at least to postponing the referendum on the c constituti constitution? moving from december 15th? >> if we are returning back to the will of the people. why should we be -- we can change the constitution, if there is the will of the people to change it. and today it was announced that if there is a need for amendments we can elect a new par

begin to establish an international mechanism for dealing with disputes in the context of international energy agency which china is not a member of but should be, or an independent one. this is an energy issue, not -- we will not be able to get to the root of it. >> i am going to gather some others but have your mike, this is an important point because the distinction between what you said that this could be a fight over an earnest issue, an asset, versus a fight over strategic lines and the perception of power, that is an important distinction. this gentleman in the far back and then louisa. >> i just want to -- >> brevity will get gold stars. >> china economy, more oil intensive than europe, and oil coming to the middle east before that and a dozen chinese from libya, the question i would raise is the need for china to stabilize resources of oil and energy resources and the same kind of ambition to sustain that with the geopolitical force as we have, is that going to lead to conflict we are talking about? >> yes, sir. >> what about canada? may be a quick comment on the resource issue, i take issue

you've got see the i comment international energy agency also do gas prices will rise. this is the government that likes to make evidence-based policy. so why won't they look at the evidence on this? >> first of all, i'm glad she welcomes the broadband for brighton. what i was young energy is we are increasing investment in renewable energy. we sent a letter to control framework out to 2020, a longer timeframe than any government before us has done. that will increase the investment renewable energy she wants to see but i think it's also fair that britain has a mix of energy sources. gas is part of that. gases more, of course than the coal-fired generation business being phased out. what we want to do is have a proper mix and you'll begin to keep those down well at the same time allowing investment into new energy infrastructure. >> david ruffley spent we are facing a challenge saying two heads are better than one. [laughter] that applies economic policy. [laughter] >> i'm not sure they will be such -- after the shadow chancellor's reply. the point i would say is that w

we're also looking at the latest report from the international energy agency which may have more of an impact where oil prices are going in this session. they're looking for slightly demand in 2013. and they're pointing to china for the reason. we're anticipating we'll get the report from the energy department at 10:30 a.m. on oil supplies. the expectation is for a slight decline in food supplies. but we did see a major build in the industry report, if that is confirmed we could see these gains short-lived. back to you. >> all right. thank you very much, sharon epperson. we've got a little extra from jamie dimon. but before we get to that -- >> a quick talker on urban outfitters. this morning "usa today" had their new holiday catalog which features a bunch of profane products. there is, for instance, a photo album that says -- basically uses the "f" bomb, drops the "f" bomb and said it was blanking awesome. a candle that spellings ospells out the "f" worth in black. and let's reminisce. a lot of discussion -- one marketing expert said it's brilliant, explosive, short-term marketing tha

in fact, a recent international energy agency analysis found that without new policies, 2/3 of the cost-effective energy efficiency gains that could be made will remain unrealized through 2035. this bill includes a number of noncontroversial technical fixes to appliance energy efficiency standards for water heaters, walk-in freezers, deli -- deli counter style refrigerators and certain types of air conditioners. the bill also includes improvements to the process by which the department of energy updates its energy efficiency standards. in addition there are a few sensible provisions to promote industrial energy efficiency and the efficiency of federal government buildings. this bill will not produce large energy savings but it's a worth while package of consensus improvements. the package is based on provisions that recently passed the senate by unanimous consent. both industry and energy efficiency advocates support the bill. this is a bill that has a very good chance of becoming law this month. but we need to do much, much more. the beginning of a new congress provides us an opportunity to work

international atomic energy agency are asking for access to the suspect parshan military site southeast they are making progress there. more meetings expected to take place in mid-january. >>> a hearsay brought the remains of jenni rivera to a mort wear in long beach, california, last night. fans lined up outside to pay their respects. the remains were identified through dna testing. the spanish singer and possibly six other people were killed when a private plane crashed in mexico. the company that owns the jet is a defendant in two other lawsuits. could be a year before we have the results. >>> and police say 23-year-old nicholas wieme, taking pictures on a hotel's famous onion shaped rooftop dome, when he became wedged in the chimney it took firefighters hours to get him, but he was pronounced dead 45 minutes after they were able to free him. >> awful. >>> not exactly political statesmanship. a political fight turned into a brawl. pushing, shoving, punches. it started after members of the opposition party accused two of their members of planning to defect to the ruling party. i guess

from the pace of its nuclear development cited by international atomic energy agency to its refusal to open to inspectors, where it is suspected of conducting weapon as asian tests. i have seen the handiwork of the terrorist sponsoring country of iran. i was there during the war with hezbollah as iranian and syrian made missiles slammed into neighborhoods, slammed into the porch, at one point they even targeted the hospital there. in that hospital i saw 600 civilian victims of these missiles, iranian made and syrian made and that inventory of iranian supplied weapons continues to increase arithmetically as hezbollah expands its delivery capability. those of us who have seen the consequence of that kind of carnage can only contemplate the consequences if it happens that this terrorist sponsoring genocide threatening regime ends up with the world's most destructive weapons. we know that the president has said not on my watch but we have to see the administration backed with the urgency that this threat demands. we cannot have opposition to the latest sanctions effort. we can't have this

its international obligations from the pace of its nuclear development cited by the international atomic energy agency to its refusal to open to inspectors where it is suspected of conducting weapon nizzation tests. i have seen the handy work of the terrorists sponsoring country of iran, because i was in iran in 2006 during the war with hezbollah, as iranian and syrian-made missiles slammed into neighborhoods, slammed into the port. one point, they even targeted the hospital there. in that hospital, i saw 600 civilian victims of these missiles. iranian-made and sirenian-made and that inventory of iranian-supplied weapons continues to increase as hezbollah expands its delivery capability. those of us who have seen the consequence of that kind of carnage can only contemplate the consequences if it happens that this terrorist sponsoring, genocide-threatening regime ends up with the world's most destructive weapon. we know that the president has said, not on my watch, but we have to see the administration act with the urgency that this threat demands. we cannot have opposition is to the latest sanctions e

its international obligations from the pace of its nuclear development cited by the international atomic energy agencyo its refusal to open parchan to iaea inspectors where it is suspected of conducting weaponization tests. i have seen the handiwork of the terrorist-sponsoring country of iran because i was in haifa in 2006 during the war with hezbollah as iranian and syrian-made missiles slammed into neighborhoods in haifa, slammed into the port. at one point they even targeted the hospital there. in that hospital i saw 600 civilian victims of these missiles, iranian-made and syrian-made and that inventory of iranian supplied weapons continues to increase arithmeticly as hezbollah expands its delivery capability. those of us who have seen the consequence of that kind of carnage can only contemplate the consequences if it happens that this terrorist sponsoring, genocide-threatening regime, ends up with the world's most destructive weapon. we know that the president has said, not on my watch, but we have to see the administration act with the urgency that this threat demands. we can not have opposition