of natural gas has been entombed in maryland for 380 million years in a layer of rock called marcellus shale. the mining requires a horizontal drilling mixing water and chemicals to fracture the shale and getting the gas. people from pennsylvania came to warn of their experience. >> many families have lost access to clean water, fresh air, and are dealing with health problems. >> are you going to want to come to western maryland and go on vacation or spend a million dollars on a vacation home if you're going to wake up beside a gas plant or compressor station or a gas drill? >> let's hit the pause button and have a moratorium on fracking. let's get it done right if it can be done right and move forward from there. >> it said intercessor committee did not vote because they have a lot of pressing issues before them and read at a time. she considers herself one of the biggest environmentalists in the assembly and it calls claims that lobbyist influence her fictitious and insulting. she urged the delegates to get your story straight. however, have found funding to work on best practices and will

take the marcellus shale, in pennsylvania, hundreds of thousands of jobs and it's really amazing now, you know, environmentalists have a lot of sway with this administration, the atheists have a lot of sway with the administration and some of the signs you were talking about, the war on fracking, if you think that gasoline is expensive now. if there's a second term, be ready for 6, 7, 8, and that's the european way-- >> so we're totally fracked. >> and paying for pre-school with a sales tax, someone from the fors gang, not involving an incomplete. you know, here is an f. the top of the hour, and think that the democrats are through playing the blame game? think again. they're stepping up their blaming of president bush for >> no one could have fully repaired all the damage that he found in just four years. >> four years ago, a battered nation turned away from the failed policies of the past. show us how your economic policies differ from president bush. >> neil: does it get old, do you think, governor, we know bush and we know evil and all that. >> i'm so tired this have recession, th

take the marcellus shale, in pennsylvania, hundreds of thousands of jobs and it's really amazing now, know, environmentalists have a lot of sway with this administration, the atheists have a lot of sway with the administration and some of the signs you were talking about, the war on fracking, if you think that gasoline is expensive now. if there's a second term, be ready for 6, 7, 8, and that's the european way-- >> so we're totally fracked. >> and paying for pre-school with a sales tax, someone from the forbes gang, not involving an incomplete. you know, here is an f. the top of the hour, and think that the democrats are through playing the blame game? think again. they're stepping up their blaming of president bush for with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thinwork? oh, i like it! [ garth ] sven's small business earns 2% casback on every purche, every day! woo-hoo!!! so that ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses de

take the marcellus shale, in pennsylvania, hundreds of thousands of jobs and it's really amazing now,ironmentalists have a lot of sway with this administration, the atheists have a lot of sway with the administration and some of the signs you were talking about, the war on fracking, if you think that gasoline is expensive now. if there's a second term, be ready for 6, 7, 8, and that's the european way-- >> so we're totally fracked. >> and paying for pre-school with a sales tax, someone from the forbes gang, not involving an incomplete. you know, here is an f. the top of the hour, and think that the democrats are through playing the blame game? think again. they're stepping up their blaming of president bush for the economy now. so many here are saying that's bush league. is it? bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. yo

at the same time, there are key differences between what is going on here in the marcellus shale andrms of the geology. a lot of the gas is found in sichuan, which is obviously a seismic risk. >> that's a whole lot of questions. china believes it has half as much shale gas as we do. 36 trillion versus 24 trillion. but it's very early days. they've only drilled 63 wells. and of those, only three were with the horizontal drilling and fracturing technologies. so it really is wild west in the sense of being totally unexplored. the formations are different. the ones in the states are late paleozoic era. what that means is it's older. and therefore there's been more tectonic shifting of the rock formations themselves. so there's a good chance that as opposed to the nice, big, continuous reservoir that is we have here, you may have a series of smaller ones there. so that could be a problem because it's a lot harder to deal with the smaller quantity. second, they appear to be probably 1,000 feet buried deeper than they are here. that raises the cost of drilling because here it's generally be

it looks at a new study, marcellus shale likely seeping into pennsylvania drinking water.he fighting further stokes the red hot controversy over fracking in the marcellus shale, suggesting that drilling waste and chemicals could migrate in ways previously thought to be impossible. give us some perspective on how the obama administration is dealing with environmental concerns about fracking. guest: the epa is in the middle of a multi-year study, the preliminary results coming later this year, complete results next year. from that, what they learned from that will inform how they regulate fracking. the issue of whether the chemicals in the water and that fluid that breaks apart the rock that allows the fossil fuels to flow to the top, whether that is migrating to the ground water resources, as probably the central controversy. host: how big of a concern could this be? as you are explain to us, how natural gas is playing a big 's energymerica and portfolio, how much of a concern is if residents of pennsylvania don't want this happening? guest: there is a case in wyoming where

. >> pennsylvania, that marcellus shale is the prime example of that they're making over a billion dollar revenue for pennsylvania. 100,000 jobs plus every single year. it is an amazing, amazing thing absolutely. tracy: where do you buy the stock, charles? >> i buy it right here? breaks out at 51. first target is north of 55, possibly even $59 if willing to hold it. i like this a lot. on the downside, 45 is a key support point. if it pulls back there i start to reevaluate. not necessarily panic but we'll have to go back to the drawing board. ashley: sexy, very interesting. good stuff, charles, thank you very much. >> see you, guys. tracy: the vatican is stepping up efforts to fight financial crimes. that's right. believe it or not they have hired a swift anti-money laundering expert who help with the fight against money laundering and terrorist financing. for eight years he was head of lichenstein financial intelligence unit which analyzes information on suspect transactions. two months ago the vatican passed a european financial transparency test but it actually got poor grades for its f

ann shale, up in alaska with the offshore as well as anwr and national petroleum reserve and marcellus shale. we have learned one thing for sure. there is no scarcity of resource here in this country. technological breakthroughs allow us to access these resources in a safe and a reliable manner. this administration may talk a good game on oil production, but words and actions are entirely, entirely different. our problems result from a federal government that has actions and inactions that indefinitely delay if not prohibit in many cases access to our energy resources. mr. president, we are not running out of energy. what we're running out of are excuses for continued reliance on opec. a senator: mr. president? the presiding officer: the senator from wyoming. mr. barrasso: mr. president, just yesterday, the white house went out and applauded the fact that saudi arabia is creating more, producing more oil. the president goes to brazil and he tells the president of brazil, we want to be your number-one customer. this is at the same time that this white house is blocking american energy project

the marcellus in pennsylvania, plus texas. the bakken shaled once again, our oil policy remains the biggest threat to the national security. these remarkable finds made by chesapeake but also by others have made it possible for us to become energy self-sufficient in north america. that's important. not just the united states. if only washington would recognize the imperative using our plentiful natural gas of which chesapeake is the second largest producer as a surface fuel. that's the issue, surface fuel. because of their battle for oil supplies if we were simply to harness the energy the continental chesapeake eog oil and gas, range, so many others have found in the last three years? all washington has to do is announce it supports natural gas for a fuel of service vehicles and it'll switch the fleets including the post offices trucks to nat gas. that would cause the big oil companies to convert their gas stations to include liqueied natural gas to compressed natural gas which would allow us to cut back on our oil imports for trucks. they co

ann shale, up in alaska with the offshore as well as anwr and national petroleum reserve and marcellus shale. we have learned one thing for sure. there is no scarcity of resource here in this country. technological breakthroughs allow us to access these resources in a safe and a reliable manner. this administration may talk a good game on oil production, but words and actions are entirely, entirely different. our problems result from a federal government that has actions and inactions that indefinitely delay if not prohibit in many cases access to our energy resources. mr. president, we are not running out of energy. what we're running out of are excuses for continued reliance on opec. a senator: mr. president? the presiding officer: the senator from wyoming. mr. barrasso: mr. president, just yesterday, the white house went out and applauded the fact that saudi arabia is creating more, producing more oil. the president goes to brazil and he tells the president of brazil, we want to be your number-one customer. this is at the same time that this white house is blocking american energy project