welcome secretary moniz. my first question is about the federal power act, under section 202 c d.o.e. you, can order a power plant to stay running during a grid crisis. following your order, the plant might squeak past the clean air permits, unfairly that plant can't be fined and sued by others for doing so. one regulator says go another says stop. that plant has to decide whether they want to acquiesce in a power shortage maybe rather a blackout, or breaking the permit a few days, maybe a few hours. i have a bipartisan bill with representative doyle and greene to fix this in the energy package we're working on. this is not about coming rough shod over environmental laws, we are talking days or hours in a crisis. the other week ferk and nerk endorsed our bill. your predecessor, secretary chu told me that he is quote, unquote very supportive of the idea. the bill has passed this committee three times now, the whole house twice. 112th 113th congress. my question is can i count on your support in the 114th congr

secretary moniz, thank you for joining us.ow about this june 30th deadline, is it a real deadline. >> well, we certainly want to meet it. we have lots of reasons to do so, including of course our subsequent interactions with the congress reporting to them. so we're pushing hard. we've had six technical meetings since then. we've had several political level meetings. secretary kerry and i were in geneva a couple weeks ago just prior to his unfortunate bike accident and we expect to be back soon to try to finish the deal. >> ifill: what's the deal, is it a deal to get a deal or a deal to button this whole thing up. >> oh no, we are aiming to complete the deal to see to it that we and our partners p five plus one will have a deal where we will have confidence that iran's program is peaceful. we will have the ability to determine quickly if it is not. and then take proper responses. >> ifill: let's walk through some of the outstanding issues. they are not minor ones. for instance iran is secretly still trying to work on its nuclea

moniz, who is no stranger to this committee. or to congress. so we appreciate him being with us so much. look forward to his opening statement. and then we'll have some questions relating to his testimony as well as other issues. and at this time, i'd like to recognize myself for five minutes for an opening statement. everyone is very much aware that this subcommittee and the congress has been working on a bipartisan energy bill for several months now. many people are even asking -- not surprisingly is there enough common ground between our efforts and the obama administration to enact meaningful energy legislation? and i do believe that this question was answered with a clear yes when the department of energy's first installment of its quad deny rennial energy review was released last april. this detailed study focuses on the infrastructure implications of america's new energy boom and many of its recommendations overlap with provision ss of our draft energy bill. and so we are excited that mr. moniz is here today so that we can explore the pe

welcome secretary moniz. my first question is about the federal power act, under section 202 c, d.o.e., you, can order a power plant to stay running during a grid crisis. following your order, the plant might squeak past the clean air permits, unfairly that plant can't be fined and sued by others for doing so. one regulator says go, another says stop. that plant has to decide whether they want to acquiesce in a power shortage, maybe rather a blackout, or breaking the permit a few days, maybe a few hours. i have a bipartisan bill with representative doyle and greene to fix this in the energy package we're working on. this is not about coming rough shod over environmental laws, we are talking days or hours in a crisis. the other week ferk and nerk endorsed our bill. your predecessor, secretary chu, told me that he is quote, unquote very supportive of the idea. the bill has passed this committee three times now, the whole house twice. 112th, 113th congress. my question is can i count on your support in the 114th

moniz here to the subdivision. welcome, mr. secretary. mr.commend you for the outstanding work you have been involved in on a myriad of issues all important to the american people. mr. chairman -- mr. secretary you might not accept this and you might not think this is not something you see but in my mind and mind of a number of my constituents you are indeed a superstar secretary. we're proud of your work on behalf of our nation. mr. secretary, from your leadership from the talks with iran to establishing the much needed minorities in energy initiative and overseeing the development of the comprehensive qer, among your more important accomplishments and i have no doubt that you will go down as one of the most significant and impressive energy secretaries of modern time. see, i'm a fan, mr. secretary. as you may be aware, i have a bill that i will soon be introducing that would amend the department of energy authorization act to replace a current requirement for biannual plan quad drenial energy review. it is my hope that this bill like its se

moniz, who is no stranger to committee or to congress.o we appreciate him being with us very much. we look forward to his opening statement and then we'll have some questions relating to his testimony as well as other issues. and at this time i'd like to recognize myself for five minutes for an opening statement. everyone is very much aware that this subcommittee and congress has been working on a bipartisan energy bill for several months now. many people are even asking not surprisingly is there enough common ground between our efforts and the obama administration to enact meaningful energy legislation. i do believe this question was answered with the a clear yes when the department of energy's first installed its quadrennial energy review was released last april. this detailed study focusing on the infrastructure implications of america's new energy boom and many of its recommendations overlap with provisions of our draft energy bill. so we are excited mr. moniz is here so we can explore the perspective of the department of energy as th

i would say secretary moniz is money. not superstar but money. now, you know what i'm going to -- i'm going to give you a chance to to show how much money you are. what you think i'm going to ask you right now speak what i don't know, but i'm covering my wallet. [laughter] >> door number one. >> you heard the chairman's opening statement. he talked about oil exports and, you, as you well know mr. secretary, back in the '70s we had the air of the opec embargo and this committee and the congress passed a lot of legislation to do with it most of which has been repealed. we have price controls on wellhead natural gas prices your we have price controls on crude oil. we had even retail price controls on gasoline. we limited what natural gas could be used for. that's all been repealed. the only thing that hasn't been repealed is a ban on crude oil exports. now the u.s. is number one in the world in oil production, over 10 million barrels a day. world uses somewhere around 94 95 million barrels a day. would you agree that if we were to let our domestic o

the world use s moniz moniz quadrennial. >> he has to be. >> what are redoing for him? >> the key has to be economic development and providing other opportunities. and i might just mention, mr. mckinley, i'm happy to say here that recently senator manchin asked me to come to west virginia and i would be happy to join him and you and come to west virginia and try to understand the situation and what we can do. >> i think the key issue, mr. martin, is whether or not in a country like ours that still imports 7 million barrels a day, the question would be whether that did or did not stimulate any appreciable additional production. that would be the issue in terms of global price. internally there wouldn't be an issue on how rents were shared between refiners and producers, but in terms of the economy wide, the real issue is whether there's more production and certainly in today's market it is hard to imagine that happening. in a future market -- >> i am not a harvard economics professor. >> nor am i. >> but i did go to graduate school, you want to talk about sharing of rent

moniz, thank you for her testimony. we appreciate it. i would like to join everyone. >> i'm having a hard time hearing you. >> generally not so hard to hear new yorkers talk. i will try to talk a little louder and not slur my words. i want to applaud your efforts and the efforts of everybody involved in producing the first record of the qer task force. it establishes a sensible blueprint, and make in our lecture. more resilient and to identify and improve vulnerabilities in our transmission and distribution system. as you know super storms know superstar and sandy slept through my district and the surrounding region in october 2012 knocking out power to over 8 million people and causing distribution problems. some new yorkers in my district waited more than two weeks and struggled the whole time to keep families safe and warm. as a result i'm focused on the ability of our energy transmission and distribution system to withstand future shocks and also recover quickly from any outage that might occur. could you please discuss how we are be

i hope secretary moniz will send someone to the discussion this afternoon. i want to talk about exports like my friend mr. barton did. one of the things you talked about is that one of the good reasons for the ability to have oil exports is because you have a better matching of the qualities of grades that are needed by the refineries and different gee graphical areas around the world. and you didn't go quite far enough, i don't think, because one of the things that happens when you have that better matching is you have economic efficiency and economic efficiency releases additional capital and that additional capital, based on my experience with 30 years in the business would go back into reinvestment which stimulates production. next time you're answering that question, if you go through the economic cycle i think it would be helpful. the next thing has to do with, i guess ride call it a safety valve question. as you know there are multiple versions of proposals for oil exports out there. and some of them include giving the president the authority -- the a

secretary rodis - - moniz and i seek your support over new construction that we need. your recognition of your support to the life extension program are critical to american national security and security of our allies and partners around the world. more broadly reseed the implementation of a congressional advisory panel on the august the report as a top priority that will enhance efforts:00 -- along the enterprise undersecretary moniz leadership we have taken steps to improve the operation and management of the nuclear security enterprise. one of the records set to begin fighting was to rebuild national leadership with an emphasis on strengthening regular communication with congressional leaders on policy elements to make up the nuclear security mission along with the team added been straighter will feed the implementation group to look for to working with you on this important issue your report will be critical to our success as they already observed delete -- deal he plays a central role to implement the threat reduction activity and our portfolio of work aimed at p

partner at the talks is ernest moniz. i talked to him about all of these obstacles just before we flew over here and blackout was imposed on all interviews and this is what he had to say. >> mr. secretary, there's been a lot of concern, even by some former advisers to this administration that the deal is not a good deal that inspections, for instance will not be possible for the u.n. inspectors to get to those military sites. can't iran hide what it is doing? >> well, of course the deal has to be judged on how it turns out. and clearly the article you refer to for example raises a set of concerns which are very much on our minds. we have every intention of emphasizing very strongly verification, transparency access to sites where there's reason to suspect activity that might go outside the bounds of the agreement. that's all what we have to negotiate in these next days. >> we thought that that was all negotiated back in march and april and this it was just technical things that were being worked out. is iran backing away

secretary rodis - - moniz and i seek your support over new construction that we need. your recognition of your support to the life extension program are critical to american national security and security of our allies and partners around the world. more broadly reseed the implementation of a congressional advisory panel on the august the report as a top priority that will enhance efforts:00 -- along the enterprise undersecretary moniz leadership we have taken steps to improve the operation and management of the nuclear security enterprise. one of the records set to begin fighting was to rebuild national leadership with an emphasis on strengthening regular communication with congressional leaders on policy elements to make up the nuclear security mission along with the team added been straighter will feed the implementation group to look for to working with you on this important issue your report will be critical to our success as they already observed delete -- deal he plays a central role to implement the threat reduction activity and our portfolio of work aimed at p

and you heard secretary moniz say the agencies are required to do it. ms. cassady, wouldn't the federal agency in charge of the environmental review be charged with the nepa review that satisfies eceq regulations in looking at the whole project? >> my understanding of the bill is that the nepa review only applies to the cross-border segment of the pipeline project or the transmission line, and so the federal approval only applies to that portion as well. therefore, nepa would only apply to that portion. there would be state by state reviews if it was passing through a state. in terms of federal review it just applies to the cross-border segment. that's my understanding of the legislation. >> well, shouldn't the cross-border -- so much of our nepa process is also done by other federal agencies and a party to it. for example, if you have a pipeline coming from texas and eagle ford to mexico, that cross-border pipeline, you know state law covers it on the property that's not federal but it may be crossing federal lands and the nepa process would come into play

tomorrow secretary kerry and secretary moniz are prepared to fly to vienna to begin the high-level negotiations required to try to move this deal across the finish line. the fact is, there are tough issues they have to work through. i think it still remains to be seen about whether they'll succeed. the president will only accept an agreement that will shut down every pathway iran has to developing a nuclear program. it will seek a commitment for iran to cooperate with the most intrusive set of inspections ever imposed. that will be required for an agreement. iran agreed to all of this in principle in april. the question is if they'll lock in the details here at the end of june. that's the open question now. if iran is not willing to live up to those commitments, we won't be able to get a deal. if iran will verify in a verifiable way, we could get a really important agreement. >> josh earnest, thanks for joining us. >>> as the hunt for two escaped killers reaches its 20th day, a guard is now the second prison employee charged in connection with the breakout. funerals are held for the first two c

and john kerry right now is there along with secretary of energy moniz, one of the top nuclear physicists in the world. they are deeply engaged in negotiations. my hope is that they can achieve an agreement, but my instructions to them have been extremely clear. the framework agreement that was established at luzon is one that, if implemented effectively and codified properly would, in fact achieve my goal which is iran not obtaining a nuclear weapon. there has been a lot of talk on the other side from the iranian negotiators about whether, in fact, they can abide by some of the terms that came up in luzon. if they cannot that's going to be a problem because i've said from the start, i will walk away from the negotiations if in fact, it's a bad deal. if we can't provide assurances that the pathways for iran obtaining a nuclear weapon are closed and if we can't verify that, if the inspections regime verification regime is inadequate then we're not going to get a deal. and we've been very clear to the iranian government about that. the good news is is that our p5plus1 partners in these nego

if he does come back with zarif, he is the counterpart to moniz, i think the glass is who half full han half empty. >> we like hearing it that way. we look forward for your show at noon eastern time tomorrow. developing news in taiwan. a massive fire at the water park left hundreds seriously injured. the water park is located in the northern city of new tie pay. most of them sustained burns on the lower parts of their bodies. kerry sanders has the developments. this is a horrific story. how did it happen? >> it's just so unexpected. it was a hot day, about 100 degrees, people went to the water park to cool down and have fun when the scene turned into a scene of disaster. around 1,000 people were partying at the popular water park when theatrical colored powder was thrown from the stage for dramatic effect. the powder caught fire and set off an explosion sending panicked crowds screaming and running and images captured on this amateur video. >> he says suddenly it was sprayed and there was sparks then fire on our bodies. rescue workers treated hundreds on the scene. the young victims wer

secretary of energy ernest moniz.ut whether iran ever could be counted on to uphold its end to a potential agreement. >> well, of course the deal has to be judged on how it turns out. and clearly the article you refer to for example, raise asset of concerns which are very much on our minds. we have every intention of emphasizing very strongly verification transparency access to sites where there's reason to suspect activity that might go outside the bounds of the agreement. that's all that we have to negotiate in these next days. >> my colleague nbc news chief foreign affairs correspondent andrea mitchell joins me live from vienna. andrea is also the anchor of "andrea mitchell reports" right here on msnbc. what kind of deadline could be in the worse and then talk about the major sticking points that will get through this? >> you bet. first of all, what they're talking about is days, perhaps a week, but not a long-term extension. all of them, all of the negotiators involved. and we've just been talking to say, that it

. >> thank you, that concludes the first panel that secretary moniz, thank you very much for your testimonyand answers to our questions. and we look forward to continuing to work with you on many pressing issues as we move forward. and thanks again for your leadership. and mr. rush will be notifying you of the formation of the fan club and we'll get together with you for that. >> so we'll have our meetingpwxxpÑtz relatively soon. >> and there will be a huge crowd there so --. >> on our second panel todaytq we have mr. rudolph dolzer, who flew all the way to the u.s. from bonn, germany, andb-dd appreciate him being here. we have mr. jason grumet and gerald president of upstream research and consulting. we have ms. allison cassady from the center for american progress. we have miss hammond who is professor of law at george washington university law school. and i'm going to call on my colleague mr. pitts of pennsylvania to introduce one of our witnesses as well. >> thank you mr. chairman. i'm pleased to introduce bit. mr. dolzer you came the distance. from bonn, germany and you were in the ger

so here's what secretary moniz said on february 12, 2015 about the effect of crude oil exports on u.so effect on gas prices. he said, "and the [eia's] conclusion was probably none to possibly minor decreases in domestic prices." so if you think about it, actually more american supply increases world supply of oil. and, indeed, gasoline is already sold around the world at a global price and so more supply, which is the chief component of oil, which is the chief component of gasoline, would actually increase the supply and even, according to a recovering lawyer, who is not an economist, on a supply-and-demand basis with static demand increasing the supplies is actually going to bring down the price. so -- and the energy secretary isn't the only one who believes that there will either be none or actually a downward price to consumers. several studied on this issue the government accountability office noted, and i quote "consumer fuel prices such as gasoline diesel, and jet fuel could decrease as a result of removing crude and oil export restrictions." so this is the government accountabi

and if there was a nightclub, it's going to become like a moniz monastery.nt way with bad guys. >> thank you for having me. >> thank you so much. 12 minutes before the top of the hour. very busy morning at "fox & friends." bullets fly outside police headquarters in dallas. police are now trying to get a gunman to surrender. and more suspects could be out there. all the breaking developments coming up. here at td ameritrade, they love innovating. and apparently, they also love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this. >>> we're back now with brass pro-shops they have a brand new fishing event this summer. >> joining us now bass pro shops is professional bull riding champion luke snyder teaching a child to fish foun

speaker last april secretary mow knees discussed the -- moniz discussed this as a renewable in address to the national hydropower association. in his remarks, the secretary stated, we have to pick up the covers off of this hidden renewable that's right in front of our eyes and continues to have significant potential. yet, despite this public praise for hydropower, the e.p.a. decided to push a plan that explicitly nedgets hydropower in favor of other sources such as wind and solar. additionally, the e.p.a.'s plan use us the year 2020. this would also negatively impact my home state and others in the northwest. in 2012, oregon and washington experienced unusually high levels of rainfall, unfortunately, unlike this year, which led to a sharp increase in hydropower production and therefore we used less energy from fossil fuel sources. as a result, the proposed rule seriously underestimates the amount of carbon used by my state which in reality is much higher than the e.p.a. 2012 baseline. because hydropower is not viewed as a renewable, we have to utilize impractical amounts of other renew

welcome, secretary moniz. my first question is about the federal power act. under section 202-c, doe, you, can order a power plant to stay running during a great crisis. in following your order the plant might squeak