we'll see you soon. >> bye. >> john hofmeister.he other business headlines tonight, yelp, the review site is set to go public. the company filed for an ipo that will price on march 1st. it will offer more than 7 million shares. it would use the money to raise as much as $100 million. call it the italian job, police in italy seized $6 trillion in fake u.s. treasury bonds in switzerland. warrants have been issued for the arrest of eight people who are now accused of international fraud. the discovery coming after a year-long investigation between italian and swiss authorities. the cache of bonds was discovered in january, in three large trunks at a swiss trust company. >>> did jeremy lin strike again? madison square garden reached an agreement to return the channel to the cable system's lineup. msg has been off time warner cable when they refused a demand of 50% in subscriber fees. surging interest in knicks, rising star point guard jeremy lin for bringing the sides back to the table. >>> investors are getting ready for a very import

we had had john hofmeister. returning veterans from iraq and afghanistan to seize american energy independence. no one has a greater incentive than our returning veterans. and their capacity and skill and dangerous nature of energy. it's perfectly suited to the veteran community. take a listen to john hofmeister with us in texas last week. >> if we don't get our act together as americans, we're going to live off the 20th century system until it falls over and then we're going to be short of energy, out of jobs, out of money, and we're going to wonder what happened to us. we could do a whole lot if we could sit around the table as reasonable, practical people and develop a plan. >> and imagine if that plan included upgrades in efficiency and domestic resources. peter, very quickly. >> i've discussed this in depth with hofmeister. he's right on the ball. if we went on both paths, we could get things done. it would be fantastic for the economy. >> it goes directly to a few million jobs. you get last word. >> one of

we had john hofmeister who is working on creating energy independence.e met liz perez, who was an officer in the navy, who is running a business in san diego to this effect. what are your thoughts on the scalability of a defense energy project where we take american energy executives and american energy investors and partner them with veterans like yourself and so many others. we have millions returning over the next couple years to seize this next mission. >> not only are veterans returning, but the armed forces are going to scale down in the next few years. we'll have men and women power pool out there to draw from. these are disciplined, capable people. as the department of defense expands their use of renewable energy, they want to use 25% from renewable sources. this is not government dollars involved. if we can match up the business interest, what the government needs to do for security, and this enormously capable workforce, we'll be the country that leads the world into the next century. >> which clearly, should be our goal. >> absolutely. we wer

. >> and in d.c., we have the former boss at shell oil, john hofmeister.we would love for the two of you to join hands along with so many of our oil and energy executives who understand this business and our veterans who have incredible motivation around this issue and in general. so we can seize the energy independence that america has been demanding and not been able to achieve for far too long. that's the force for 30 million jobs. and that's a force for not only freedom, but safety. john, i want to start with you. what's the barrier to enrolling returning veterans to work with executives like yourself from the hydrocarbon business and executives in the green energy space to seize the efficiency and the transition that we're prepared to make in this country to seize our independence. what's the barrier? >> the barrier is just getting connected. how do we get inç touch with eh other? because there have been and will continue to be lots and lots of job requirements. the industry does a great job of skilling people, and in the houston area and other areas

. >>> joining me, john hofmeister, former ceo of shell oil.citizens for affordable energy which is really not at the moment affordable. i want to talk about gas prices. and first show our listeners where it is. right now the national average for gasoline is $3.67 a gallon. that's just the national average. there are many places where it's selling for $5 a gallon. so let's start out with some basic questions. how high is it going to go? >> well, my concern is that the crude oil price could hit $120, $130 a gallon. it's $109 today. that's up about $10 just in the last two weeks. and it's going to get worse, candy. because what has changed dramatically from before, and nobody talks about it, are the actual statistics of china's demand. ten years ago, 4 million barrels a day. last year, 9 million barrels a day. by 2015, 15 million barrels a day. >> so they're competing in the world market for oil, which naturally -- or will be -- which naturally drives up the price of oil. >> they have played their ace on us. what they have done, they have granted

. >> john hofmeister, we are out of time, fascinating conversation. thank you so much. >>> thanks in part to high fuel prices, southwest airlines is raising fares on most domestic flights by about $10 round trip. that increase is to cover operating costs, including the rising price of jet fuel. but they point out they don't charge fees for checked baggage. american and jetblue are considering similar increases. [ male announcer ] juice drink too watery? ♪ feel the power my young friend. mmm! [ male announcer ] for excellent fruit and veggie nutrition... v8 v-fusion, also refreshing plus tea. could've had a v8. it's this... the etrade pro platform. fast. beautiful. totally customizable. finds top performing stocks -- in three clicks. quickly scans the market for new trading ideas. it can even match options strategies to your goals and lets you see the potential risk and reward. and, it also comes with a dedicated elite service team. got it? get it. good. introducing new etrade pro elite. ♪ >>> good morning. i'm thomas roberts. no place like home, but w

conversation this friday with petty officer liz perez, veteran navy logistics specialist and john hofmeisterrmer chief executive of shell. next up here old texas versus new. how a little old music festival called south by southwest rocked this city and created not only identity that transcends the world now but a cradle of innovation for the community and the process. the 30 million jobs tour continues live from the live music capital of the world. plug your ears, nashville, after this. ♪ you and me and the big old tree ♪ ♪ side by side, one, two, three ♪ ♪ count the birds in the big old tree ♪ ♪ la la la [ male announcer ] the inspiring story of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. ♪ ♪ you and me and the big old tree side by side ♪ but if you take away the faces on the trees... take away the pixie dust. take away the singing animals, and the charming outfits. take away the sprites, and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing number of lower emissions planes... whi

from houston, texas is former ceo of shell oil and founder of citizens for affordable energy, john hofmeistert is probably -- probably can only get worse and here's why. we're the world's largest consuming nation but we now have a rival, called china. china's growth and demand for gasoline is in the millions and millions-plus barrel per day every day, going from 9 to 15 million barrels a day by 2015 because of the all of the uses of oil they have now adopted as a consumer society and we also face some of the most unpredictable, volatile, geopolitical situations, whether it is iran, iraq, sudan, you name it and there is no end in sight to the geopolitics, which worries people about oil and the united states of america, the largest consumer to adopt government policies to enable domestic production to increase and meet these conditions has been nil, nada, nothing and that is unfortunate for american consumers. >> dave: are there actions the obama administration could take to start lowering the price? >> yes. but it is almost too late. even if the president gets a second term. i said to senator

also former shell oil president john hofmeister on the price of gasoline.ally, at 4:00 p.m., on cbs "face the nation," bob schieffer talks with republican governor chris christie of new jersey and martin o'malley of maryland. re-airs begin at noon with nbc's "meet the press." finally, at 4:00 p.m., it is "face the nation." listen on your iphone or blackberry. or go online to c-spanradio.org. host: we are back for about 10 more minutes before we take you live to the energy winter meeting. we want to use this opportunity to hear from you. it is open phones. tell us what's on your mind. send us a tweet, @cspanwj. this is the front page of "the los angeles times." "afghan up or be allies -- that is the front page story of the "l.a. times." we had a reporter for "the washington post." the pittsburgh paper reprinted his story. two u.s. officers were slain yesterday. polls show mitt romney is ahead in the arizona and michigan. the primary for those states is tuesday. results get underway about 9:00 eastern time. we will have live coverage on c- span. from the "lan

john hofmeister, former president and ceo of u.s. le energy. john, always good to see you. >> thank you, carl. >> you've been pretty bullish on your forecast for gasoline. some are talking about an epic summer in terms of gas prices. what factors are in place that lead you to believe $5 is in the cards? >> what's really unprecedented, carl, is the fact that developing countries, especially china and india, have this insatiable need for more oil, and that has not been taken into account as we've thought about public policy in this country. so while we may be producing a bit more oil in this country, and while demand is down a bit, on a global basis i'm afraid we face a continuing onslaught of prices creeping ever higher. i hope i'm wrong in this. i'd love to be wrong, but we saw last year's record gasoline prices through the course of the year, and we're seeing the same phenomenon starting out this year, and i'm afraid it's just creeping up and creeping up, and in the meantime you have refineries closing on the east coast because they