natural gas to some extent. reasons. for some time if you're substituting natural gas for coal you're doing a good thing from the point of view of climate change. coal is the problem with respect to electricity generation. oil is 96% of the problem with respect to transportation and those two systems are separate. now, why is this important? it's important because those who have led much of our public discussion have tried to pull -- either they don't understand those two simple things themselves or they have done everything they possibly can to pull the wool over people's eyes because they know foreign oil is unpopular. none of us likes the idea of shipping large amounts of money off to saudi arabia. we borrow a billion dollars a day when oil is $80. when it gets up closer to 150, which it nearly hit two years ago we borrow $2 billion a day just to import oil. and it goes for some pretty ugly purposes. for example tom friedman has a great chapter in his book called fill er up with dictator. a number of academic

israel has now discovered natural gas resources. after all of these years. so trying to get a piece of this right is culturally important here. >> let me just add one thing. there is one problem with fracturing that can be avoided if you know what you're doing. i come from oklahoma, and there have been 4 million natural gas wells drilled, many in oklahoma. i grew up camping and fishing and hunting on land that had a natural gas exploration going on at all of the time. the offer -- aqua for widgetaquif -- the aquifers, you can go at one or two miles, and this is what is revolutionary, and it takes about 3 million or 4 million gallons per well. they always treated with some added sand, fine grained sand, and that lets the natural gas out. there are at least two or three technologies for cleaning that water up, not completely but enough that you can use it to frack another well. half the size of as ballroom, they might have 8 wells, one going down this way, one going down that way, so if you can clean up that water and used it again, clean it up and use it agai

. >> i find the spread between crude oil and natural gas is remarkable. we're in a position to switch over to fueling our cars with natural gas creates thi huge despairity in price. in fact, natural gas is trading on the equivalent baze of a quarter of the price of crude, and creating interesting opportunities, particularly in the oil sands facilities in northern alberta where their output is crude oil, and their input cost in natural gas. >> tom: and you like the exchange traded fund. ticker eny off the reenlt high, but even at $22 a share it had a nice rally from the fall wha. do you see ahead for it? >> well, as long as the spread between crude oil and natural gas stays wide, which i believe it will -- because again these two commodities are not economic substitutes, then these facilities should be able to make a decent living here as again output crude, input natural gas. >> tom: and you like industrials. you'll playing xli. again it has come off the reenlt highs. give us 20 seconds. >> sure. here as big believers in the emerging growth story, we like

. >> the first thing is natural gas. what do you know about natural gas? flammable. it goes, boom. it's important to shut this off. we use it for cooking, eating and hot water. there were 40,000 people that called pg and e about their gas. that means they call turned off their gas? did they need to do that? when do you have to? when there is a problem. how long did you think it takes pg and e to get out and turn it back on? 45,000 people. days weeks, may be a month. who has seen this in the streets. a lot of muck is in there is it's full of dirt and weeds you turn it to the right to tighten it and left to loosen it. your home work you have to look at your house, pop open the lid, look in there see what's going on in there it's not nice and clean like this. who has seen this around their house? everybody. each meter has a shut off. you want to find out where your gas meter is. you can keep track of your usage but you will know how to shut it off. here's the shut off. i have some tools up here, you can look at these. any hardware store has these. they fit on this and it allows you to

with natural gas. in 2010 the overall u.s. natural gas production increased while prices were generally stable. we expect the trend to continue although natural gas prices can be volatile often due to weather-related events. the current u.s. natural gas market reflects the tremendous growth in the shale gas production which more than doubled between 2008 and 2010 and 2010 represented 22% of the total natural gas production in the united states. u.s. proved reserves of natural gas grew by over 63% in the last decade and have now reached the highest level since 1971. the eia sees considerable potential for the continued growth in the shale gas production with shale gas to supply nearly half of the u.s. natural gas production by2035. the eia's annual energy outlook preference case which assumes the continuance of current laws and regulations and the increase in the natural gas production over the next 25 years with u.s. net imports of natural gas expected to fall from 11% of the consumption in 2010 to onl

department of energy predicted japan will increase imports of liquified natural gas to meet its energy demands. northern oil and gas added more than 5%. it drills for energy in the rocky mountains. driller nabors industries was up 5%. explorer oceaneering international gained 4%. while the market anticipates better demand for natural gas, it continues punishing shares of uranium miner cameco. the stock dropped another 5% today and has plunged 26% since the japanese earthquake and tsunami. the stock has lost more than a third of its value since its high in the middle of last month. some household tech names were finding buyers. hewlett packard was the best performing dow industrial stock with this 3% gain today. the stock remains well below its february high when it was knocked down by worries over about slower computer sales growth. helping shares today was a credit suisse report rating shares an outperform. that same report also pointed to apple and data storage company e.m.c. as technology leaders. both shares rallied. wireless chip maker qualcomm bounced back some after yesterday's

and natural gas so hopefully abuse will put things up and it will be good morning instead of having natural gas markets appraise for the next you know three four years now it might only be for about a year and a half which is good for natural gas producers like gasper a. japanese yen is the highest level against the u.s. dollar since the end of world war two climbed as high as seventy six and a quarter in u.s. trading on wednesday when it since fall and back and trading at around seventy nine per dollar market watchers blame the stronger yen on the repatriation of foreign currency by japanese insurance firms he while g seven finance ministers will meet on the discuss how to deal with the global market volatility analysts expect ministers to give japan the go ahead to intervene in currency markets and steady earlier this week japan's central bank injected two hundred eighty four billion dollars in order to stabilize the country's financial markets which have been hit by a massive selloff similar to now. there's actually some rebounding in the nikkei today to raise greek gains on contradictin

for this reason i will address natural gas and oil separately starting with natural gas. in 2010 overall u.s. natural gas production increased while prices were generally stable. we expect these trends to continue although natural gas prices can be volatile often due to weather related events. the current u.s. natural gas marker reflects the tremendous growth in shale gas production was more than doubled between 2008 and 2010 and in 2010 represented 22% of total natural gas production in the united states. u.s. approved reserve of natural gas grew by over 63% in the last decade and have now reached the highest level since 1971. eia sees considerable potential for continued growth in shale gas production in shale gas projected his eye nearly half of u.s. natural gas production by 2035. eia's 2011 annual energy outlook reference case which assumes the continuance of current laws and regulations, projects a continued increase in natural gas production over the next 25 years. with u.s. net imports of natural gas expected to fall from 11% of consumption and 2010 to only about

with natural gas. in 2010 the overall u.s. natural gas production increased while prices were generally stable. we expect the trend to continue although natural gas prices can volatile often due to weather-related events. the current u.s. natural gas market reflects the tremendous growth in the shale gas production which more than doubled between 2008 and 2010 and 2010 represeted 22% of the total natural gas production in the united states. u.s. proved reserves of natura gas grew by over 63% in the last decade and have now reached the highest level since 11. the eia sees considerable potential for thecontinued growth in the shale gas production with shale gas to supply nearly half of the u.s. natural gas production by 2035. the eia's annual energy outlook preference case which assumes the continuance of current laws and regulations and the increase in the natural gas production over the next 25 years with u.s. net imports of natural gas expected to fall from 11% of the consumption in 2010 to only about

natural gas to some extent. reasons. for some time if you're substituting natural gas for coal you're doing a good thing from the point of view of climate change. coal is the problem with respect to electricity generation. oil is 96% of the problem with respect to transportation and those two systems are separate. now, why is this important? it's important because those who have led much of our public discussion have tried to pull -- either they don't understand those two simple things themselves or they have done everything they possibly can to pull the wool over people's eyes because they know foreign oil is unpopular. none of us likes the idea of shipping large amounts of money off to saudi arabia. we borrow a billion dollars a day when oil is $80. when it gets up closer to 150, which it nearly hit two years ago we borrow $2 billion a day just to import oil. and it goes for some pretty ugly purposes. for example tom friedman has a great chapter in his book called fill er up with dictator. a number of academic

natural gas -- as you all know, natural gas is a -- we are growing our natural gas reserves.e believe it is possible to safely and responsibly extract natural gas. the u.s. government remains committed to that. electricity -- the president has spoken before about electricity. we have roughly 40% of our electricity in clean energy if you consider nuclear, when, solar. the president announced in the state of the union that by 2035 we will expect 8% of our energy to come from other sources. this unleashes a lot of the capital sitting on the sidelines for lack of certainty that could be invested in america to create jobs. these are many of the things we are doing today. despite my message, we feel the pain that all americans feel on the price of gasoline today. as the president stressed, this is not a short-term fix. we will be increasing the production of oil in the united states, but there is a global plan put forward that will require concentrated efforts for years to come. ultimately, what this is about is diversifying our supply of energy from oil into many other different s

get the natural gas out. to test it you want to turn it an eighth of a turn and turn it back to the way it it was. notice the little thing? that's going straight with the flow of the pipe that means it's open. if it's across that means you turned off the gas. the eighth of a turn you didn't turn it off you just moved it. these are in better shape. if you can get to this valve, safely, the building's collapsed on it you can't get to it you have to use the one in the street. pg and e put all the meters outside the houses in a lot of the neighborhoods, these are pretty easy to get to. they are easy to find. if you can find the little round circle in the sidewalk. if you look directly at the house you will find this meter and this shut off on the ground floor. in is a closeup of the shut off. in is the wrench i recommend you you use it for other things. they are cheap and they will work. this is great because you can use it somewhere else if you have to. an adjustable open end wrench. a diagram are off/on. shut o

and natural gas so hopefully these will firm things our police will be more and stead of having natural gas markets to press for the next you know three four years now it might only be for about a year announce which is good for natural gas producers like us from. the japanese yen is its highest level against the us dollar since the end of world war two hundred seventy six and a quarter in u.s. trading on wednesday but it's since fall and back it is currently trading at around seventy nine dollars market watchers blame the stronger. relation of assets in foreign currency by japanese insurance firms meanwhile g seven finance ministers will meet on to discuss how to deal with global markets for the city as expect ministers to give the go ahead to intervene in currency markets to steady the earlier this week japan's central bank injected two hundred eighty four billion dollars in order to stabilize the country's financial markets which have been hit by a massive south so you look at these markets now the nikkei raised some of the post great gains as saw on wednesday and closed down one poi

>>rob: for natural gas is a good thing, for nuclear power it's a good thing.uel efficiency on trucks is a great idea, if we were to spend money, but fuel- efficient who vehicles it would cut down on. we do need to cut down on the foreign oil and we have plenty of natural gas. we have in the united states basically what amounts to, we are the saudi arabia of natural gas. >>pam >>rob: truck gases in safe places, if you need oil you have to go 8 mi. under the ocean or in to the middle east. natural gas will never be a great investment because with plenty of it and it's easy to get. >>catherine: the kirov, he will be back if your e-mail. we will be back after this. >>catherine: the latest on the nuclear threat, more fear about the spreading radiation in the waters off japan's nuclear power plant. that is leading to concern about contaminated seafood. " we sent radioactive particles are unlikely to build up significantly and fish. if people are still afraid. it's already been hit with contamination of milk, vegetables and water. not surprisingly, japanese officials

natural gas. t. boone pickens had it about two-thirds right. i don't think we want to bother with natural gas for the family car. you need an infrastructure gigantic, natural gas at every filling station but for fleet vehicles like buses, interstate trucking, put natural gas at interstate truck stops, easy conversion for big vehicles. that's part of the portfolio. no single solutions but part. third, improve efficiency on internal combustion engines, including particularly anything you incentivize to be fit onto existing vehicles. electronic valves, for example, can shut off when cruising. they have got that on some oem cars. if you've got a v-8 and cruising on four sicylinders. fourth and finally biofuels. david and i will talk about these. basically i think that ethanol from corn is only about 15% better than gasoline from the point of climate change emissions. ethanol from sugar cane, so much more efficient produces about 40% better. ethanol from biomass, cellulose, prairie grass and the likes, is about 80% better. some other ancillary issue

with natural gas. in 2010 the overall u.s. natural gas production increased while prices were generally stable. we expect the trend to continue although natural gas prices can be volatile often due to weather-related events. the current u.s. natural gas market reflects the tremendous growth in the shale gas production which more than doubled between 2008 and 2010 and 2010 represented 22% of the total natural gas production in the united states. u.s. proved reserves of natural gas grew by over 63% in the last decade and have now reached the highest level since 1971. the eia sees considerable potential for the continued growth in the shale gas production with shale gas to supply nearly half of the u.s. natural gas production by 2035. the eia's annual energy outlook preference case which assumes the continuance of current laws and regulations and the increase in the natural gas production over the next 25 years with u.s. net imports of natural gas expected to fall from 11% of the consumption in 2010 to on

one of the regular twitter followers that said natural gas in homes makes tap water flammable. you can see there, this is a lighter used and the gas that came. is that common? guest: i don't know if it's common. the complicated thing is the gas industry will often say with basis sometimes. not with bases other times that they were not the direct cause of that sort of gas migration. their drilling and the gas that came from the well is not the exact gas that has seeped into the drinking water well or up to the person's tap. in a place like pennsylvania where there are abandoned gas wells, there's gas permeating. sometimes other wells leak. that's why it becomes complicated for average residents to pin the blame on individual companies because there are factors in between. the caller is quite right. it's a real challenge. many who have had their well water contaminated are confronted with the requirement that they have taken a baseline test before the contamination occurred. from the latest he had decision of business week pointing out that obama's business team will point out don

we have a, natural gas sides periodically and we have new areas that grow and start flourishing.we have pipeline bottlenecks and storage bottlenecks and we can't get it out to the markets that we have an accumulation of inventory and one in one part of the country right now and it is contributing to the disparity between our domestic price and internationally traded price of crude, so to the extent that provides an indication to investors that perhaps there is money to be made by building additional oil pipeline and storage terminals and other capacity, they will get there as long as they can get it permitted and enter the market in a way that they feel will work timing wise. >> and all that would be based on the assumption that would be less than the world market prices and therefore benefiting american consumers. is that correct? >> well, they would take advantage of arbitrage to make the investment work. so when you have a disparity in a price signal like this, a low price in a producing area relative to higher prices and markets, that allows you to actually finance the struct

we will look for natural gas or hybrid vehicles.hey do not want to make it too high because they will price themselves out of the market. host: your thoughts on the situation in libya and the middle east and how that is impacting oil and gas prices. guest: it's the instability of what is happening. we get all little energy and oil from libya. it is mostly western europe. that is why i do not want many u.s. resources there. we are glad to help our allies but i am glad the president has turned it over to nato. i really do not want u.s. soldiers on libyan soil. we do not have that interest there, except to support our friends to help us. host: a democrat in bethesda, md. joins us. you're talking with gene green of texas. caller: i often hear people about national oil for domestic coal. but when it comes out of the ground, it is in the corporate oil that goes on the market? and it is subject to speculation that every other barrel of oil is subject to. guest: if we produce a barrel of oil in my back yard, you'll want that same price on t

energy supplies as a gastro will deliver an additional two hundred thousand tonnes of liquefied natural gas in april and may or we're now developing ways to increase supply capacity the difficulty is that most of the gas we currently deliver is already distributed through existing contracts so we will have to hold talks with our partners through view some of the contracts because of. the price for light sweet crude has retreated below one hundred dollars per barrel on fears of a drop in demand in japan but chris we first of all see believes the price of black gold will not show significant downturn at the moment change the situation in the middle east remaining unstable. the main driver in the oil market right now is still the middle east in focus in the middle east and the threat of supply disruption and particularly i think what helped the oil price from falling last friday and over the weekend is this news in the rest spreading to saudi arabia eastern province and they just want production ration so the threat of destruction in the middle east is still the dominant factor and that's help

reported earlier, part of president obama's latest energy plan is focused on expanding the use of natural gas. that has tonight's "street critique" guest drilling for stock ideas. she's hilary kramer, editor of gamechangerstocks.com. nice to see you. your focus is using nat gas to power vehicles. the choice here is clean energy fuels, and interesting choice because the share price was up big today on the heels of the president's talk. what price are you buying clne? >> well, clne i've been watching, it more of a target price, that would be $20 a share. the stock is only down 11, but now that it looks like legislation could come through that backs natural powered gas vehicle, which is first on the list of priorities, i could see clean energy getting up there. >> tom: so you'd like to buy shares at $20? >> i would like to buy shares up to $20. right now i do not own clean energy. but it an important play, and williams, wnb, also ways to play natural gas powered vehicles. >> tom: back to one of your earliest picks before the holiday season last year, bonita sent us its comment, please update you

the president mentioned the natural gas we can produce from shale rock.the challenge is to get the regulation correctly so that the exploitation of that resource could be environmentally safe. when we look forward on domestic production, we have a lot of potential. we could actually see u.s. production rising again now that the moratorium has been listed offshore and we have rising oil production on shore again from their shale rock play and also we have a potential to produce oil shale which we haven't... we're the saudi arabia of oil shale. and prices are very high now so that potential all becomes commercial. what i don't like when i hear people in this debate is that we're misleading the american people about how much we can do with clean energy and what time scale. we definitely need the move to clean energy, but when people talk about the future of clean energy, it would be like president kennedy talking about the space race and saying that we're going to spend $30 million to get there instead of several billion. in the end, in this country, the deb

natural gas refinery.is in chiba, japan, it's on the east coast of the country. >> we watched those pictures intensify over the last few hours. it was a different story a few hours ago with things getting worse. it is going to be days if not weeks or months before the full extent of the damage there becomes clear from this massive earthquake and this 13-foot tsunami that has really hammered the northeastern part of the country. earlier today we heard from japan's prime minister who was updating the nation on relief efforts and the extent of the damage. take a listen. >> translator: to the people of japan, you have probably already seen on television and heard over radio that at 1446 today an earthquake hit of 8.4 on the magnitude scale, centered around the shores offshore sanduku and a very strong earthquake. in the tohoku region mainly over a wide area, damage has been inflicted. i offer my deepest sympathy to the people who have suffered the disaster. regarding our nuclear power facilities, some of the n

to make the energy actually safer more secure because it's going to be creating a new liquefied natural gas plants in the north of russia actually will be the most northern most plants in the world therefore the technology will be developed over the years so the launch which is planned for twenty sixteen will provide some new opportunities to actually create this kind of businesses liquefied natural gas plants around the world in locations where they were not created before so therefore it's important for the technology of this process for this industry and it's also very important for russia because nobody circle established itself as an international global player. has been achieved many thanks for that update and i will be hearing more from you in the business bulletin coming up in just around fifteen minutes time. ok let's get a rush and now we're coming up in just a few moments our plane saltine visit the central russian city of yacht us lovell's stay with us to find out why this cultural hub stopped in the line. of concrete in the skies a russian fighter jet passes a flight test with

natural gas is abundantly plentiful. i like natural gas. it's a terrific thing. it's 50% as dirty as coal, but it is less dirty and it is cheaper, and so power plants are going to that. now, i'm trying to figure out in my mind, madam chairwoman, how does that help west virginiaians? how does that help west virginian coal miners and operators? if people are make up their mind -- and i have had the president of american electric power tell me this directly, of course we'll switch to natural gas. he said, i would use banana peels if they could reduce heat. but they don't stay with coal out of loyalty. they have to deal with certainty. here we create permanent punting about what the landscape is going to be for energy use and the making of electric power in our country. and, again, may i please bring up once again, madam president, that this bill has no chance of becoming law. the mcconnell-inhofe bill has no chance of becoming law. so why -- why do they do did? they have to know that. i don't think it'll pass in here. certainly isn't going to pass the white house. i

to impose regulations, withdraw permits, shut off access to lands that contain valuable oil and natural gas deposits. in addition, the e.p.a. is currently regulating domestic energy resources for greenhouse gas emissions under the clean air act. we will, we can no longer afford organizations such as the e.p.a. claiming authority to cut off our access to resources because of arbitrary rules based on unsound science. these backdoor climate regulations could increase the cost of gasoline and electricity by 50%. these policies work to promote our dependence on foreign oil, and they do nothing to reduce the cost for ordinary americans. 10 billion barrels in anwr up in alaska mean that drilling -- means that not drilling is not an option. anwr is roughly the size of south carolina, but drilling in anwr will only be about the size of mccarran airport in the city of las vegas. so about 2,000 acres out of the size of south carolina. if you had a map here, it literally would be a dot on a huge map. that's how tiny of an area that we have to disturb to get this 10 billion barrels of oil out of anwr. w

additional energy supplies as a gastro will deliver an additional two hundred thousand tons of liquefied natural gas in april and may we're now developing ways to increase supply capacity the difficulty is that most of the gas we currently deliver is already distributed through existing contracts so we will have to hold talks with our partners to review some of the contracts because what you and chris we've heard or else it says despite the overall damage energy shortages could extend the economic setback across japan. short term it's obviously going to be a very severe shock and you can see from the pictures there is clearly a lot of damage a lot of disruption and particularly the warnings of power shortages that i've seen extends to consequences across the broader part of the country and that's where the real effect when pete people are sort of hold a fire waiting to see what happens next particularly waiting to see if there's any follow up ready for the revenge or need to ration the nuclear power plants but in terms of the sequence well it's you know short term reaction will be very negative rebu

natural gas burns with one-third of the pollutants as petroleum gas. it is ludicrous for people to have a knee-jerk reactions, just like sealing off the gulf. we have enough natural gas sitting out there to provide our country. it is just -- they make decisions -- just like the use of ethanol. it is immoral to burn a food product in a vehicle when you have people starving. i did not care what side of the aisle you said on, -- i don't care what side of the aisle you sit on, but let us look at cost of production, what can be assessed, and quit some of the feel-good politics. host: it all right, a couple of headlines about deciduous and in libya. here is "washington post." gaddafi forces retake key oil port. that is "the washington post" this morning. "wall street journal" says rebels lose ground in libya. two headlines this morning about the situation in libya. back to your phone calls and whether or not there's a be a temporary halt in the united states for nuclear power. let us go to ann, a democrat in california. go ahead. caller: yes. my response is

or it can be replaced by as it might turn if there's energy sources renewable energy sources or natural gas which we would like to see. in order to support the japanese financial system the country's central bank says it's injecting one hundred eighteen billion dollars into the markets no chris we've also believes notch more will be needed which will inevitably weaken being it. japan has the world's second largest financial reserves they're also going to have to pump in considerably more money in terms of whether it's tax breaks or direct grants or direct funding where everyway did eventually do its there will be a lot more money pumped into the japanese economy and i say that there should be enough money to rebuild and to create future growth but it will almost inevitably lead to weaker yen is that extra cash comes into the system. look at the markets the asian reaction first the situation in japan the nikkei closed down more than six percent on monday or the two year low as investors expect if you have great consumer army to take a toll on the economy japanese carmakers electronics also c

project aims to start producing liquefied natural gas in two thousand and sixteen in five years and the project needs about twenty billion dollars of in mass investment now. the project is designed to reach output of fifteen million metric tons a year and the number text c.e.o. said that the company will soon seek other partners but never tag will remain the main partner in the project that's now listen to what the c.e.o. of nova tech because sun has had to say. we are considering bringing in several other foreign partners into the amal project they will be able to get up to forty nine percent we're now negotiating with a number of possible partners and we expect to make a final decision by the end of the year however to towel will stay as the majority shareholder in the project. most analysts agree that is great that to tell was paid and that to tell us participation will compliment the implementation of the project. show thank you very much for this indeed to all correspondent of course watching on the deal between french total and russian over tech you're up to date now join me in le

and particularly in the eastern half of the country and pennsylvania. >> there are more than 210 natural gaseline gas pipeline systems made of cast and, steel and plastic which snake underground throughout the lower 48 states. 21,000 miles of it through heavily populated area. a dangerous combination say watchdog groups. >> cast iron pipes will fail and the law envisioned that these things would be replaced over time. here we are more than a century later. we still have these things in the ground and they are kind of a ticking time-bomb. >> reporter: by law private and public pipeline operators are required to conduct leak surveys which continue to be one of the most important ways to ensure the safety of the line. >> the pipe broke in allan town was 80-year-old and made of cast iron, experts say age isn't the only factor in determining the age of a pipe, adding old lines don't necessarily mean imminent disaster. >> other factors include the leak history of the pipe, the composition, population, density around the pipes, the geography, the road traffic patterns. >> federal pipeline regulator

feet of natural gas every year. if we went after the marleau se ulous shale formation where they have 20 trillion feet of natural gas, we could more than double our production of natural gas almost immediately. and we could use that natural gas to move our trucks. i had some leaders in the natural gas industry come to see us. they told me if we converted our 18 wheelers to transport goods and services across this country and food, if we just converted those to natural gas, we could cut our dependency on foreign oil by 50%. that one thing. yet we're not drilling for that natural gas because the scradmrgs will not give the permits and move to utilize those resources that we have. the obama administration for whatever reason, i don't know if it's intentional or just because of ignorance, but they're not using our resources and they're not exploring for our resources. it makes me wonder sometimes if the environmental extremists in this country don't want us to go back to horse an buggy and using wood to heat our houses.