operating safely and protectively in the north sea subject to a different set of regulators and notn the gulf? that caused us to look closely at the degree of oversight, the quality of regulation and the capacity of the regulators will also follow. estimate the time of the gentleman has expired. >> mr. rivera from florida. >> thank you, mr. chairman, gentlemen, for being here today. commissioner gramm, senator gramm has a floridian and are you still living in the leaks, miami lakes? west of palmetto? i'm right there with you down the road, so as my distinguished constituent -- [laughter] as my distinguished constituent, i know we share a great concern for the economy and the environment of the state of florida. one of the recommendations that you make in your report addresses the need for greater international scrutiny, international standards. as a representative from four south florida i'm concerned about the development of the coast of florida on the oil development off the coast of florida and off the coast of cuba in particular. as you know there are a number of companies inclu

in the north sea, warming water has driven commercially important fish such as cod, farther north toder and deeper waters. in turn, more exotic, warmer-water fish have pushed into the range being vacated. the northward shift of the boundary coincides with a rise in temperature of nearly 2 degrees in north sea waters between 1977 and 2001. if the trend continues, atlantic cod will no longer be able to live in the north sea by 2080. the heavy pressure our industrialized society puts on earth drives climate change. whole ecosystems are modified, forcing species to fight for survival in different surroundings. if we understand the rapid changes our activities force the natural world to respond to,

in the north sea and in europe it is one. that needs an explanation and points for problem. i think it points to a system- wide problem. sir? >> as early as last week jack girard, the president of the american petroleum institute said that he felt the american people believed macondo was an isolated incident. as you know, there is significant resistance on the part of industry to create the safety institute europe called for. on the government side, congress last year tried to pass an oil spill legislation that contained a lot of the things you a call for. that legislation went nowhere. what are you when to do to make sure your report, as the row as it is come is not ignored by congress and industry? >> well, we're want to make a lot of noise. we're testifying on the 26 and january in the morning. -- 26 of january in the morning. we suggest there will be more attention to the kind of thing we have suggested, a more detailed research. we do not say really what we do not know here. we know this is a systemic problem given the pervasiveness of the contractors, the right manager

operating safely and protectively in the north sea subject to a different set of regulators and not in the gulf? that caused us to look closely at the degree of oversight, the quality of regulation and the capacity of the regulators will also follow. estimate the time of the gentleman has expired. >> mr. rivera from florida. >> thank you, mr. chairman, gentlemen, for being here today. commissioner gramm, senator gramm has a floridian and are you still living in the leaks, miami lakes? west of palmetto? i'm right there with you down the road, so as my distinguished constituent -- [laughter] as my distinguished constituent, i know we share a great concern for the economy and the environment of the state of florida. one of the recommendations that you make in your report addresses the need for greater international scrutiny, international standards. as a representative from four south florida i'm concerned about the development of the coast of florida on the oil development off the coast of florida and off the coast of cuba in particular. as you know there are a number of companies inc

there is the capacity and the barges have no way of reaching the ports of the north sea. real transport is also not an option. the capacity is limited and there are too many containers back debt. every day spent waiting costs the skipper's money. they have no choice other than to sit it out and wait till the capsized taker is salvaged and the river can be reopened. lufthsa h results and -- resolved a 10 months' pay dispute. both sides aren't accepting a proposal prepared by the mediator in the dispute. -- both sides are accepting a proposal prepared by the mediator. there will be given improved working conditions and include more stable work schedules and better regulated breaks and rest periods. but attendance will receive a one-off payment of 1000 terrace. -- flight attendants will receive a one-off payment of 1000. >> aristide's return comes days after john pajean-claude duvalir returned. duvalier ridding supporters from his hotel in port-au- prince. he said he had come back to help the haitian people. less the 48 hours after his return, the 39-year-old was led away by

north seas oil deposits and b.p. is going to take on the initial challenge of trying to explore that b.p. when we spoke. yes today said that they were very confident about so if you will but initially that's. what we've agreed is the. complete exploration license obligations that are in the los and is not for the three books. there is we expect there to be in the neighborhood of a billion dollars the first billion dollars will be financed by b.p. and that will be paid out of the proceeds from an exploration development. artie's tom barton thank you. and european stocks fell on wednesday as losses for a semi holding a weight on the technology sector in the wake of the firm's results in contrast shares of pearson saw a six per cent after the media group lifted its guidance energy stocks were on the rise in london with faster energy up one percent after losses seen in the prior session while b.p. rose point seven percent. and in russia russian stocks are higher this hour both the r.t.s. and my sex are trading up on the

. ♪ >> the north sea island is home to many of market -- up market hotels.s is one of the three restaurants at the hotel. it seats 20 guests. this is the man in charge of the kitchen, sebastian zier. he is preparing a king crab canape. it is a bite sized appetizer. >> the basis is classic french.. there is the influence of southern germany where i am from. the result is a creative style with french roots. >> dishes like this variation on veal are extremely popular. the 33-year-old chef developed his passion for innovative cooking while working with a star chef. he spent three years under his wing at his restaurant. ♪ the exclusive ingredients are an integral part of his philosophy. that seems to have impressed the restaurant critic. he has gotten a michelin star. >> we never imagined getting so many awards. the entire team was delighted. we keep up the pressure for the coming year so that we can keep developing and improving. ♪ >> e coax questors once a week in person from a local -- he gets oysters' once a week in person from a local farmer. the types of oy

plastic granules ok what i fear is the efforts placed the contents of a full moon in the southern north sea so if you translate it to you with the size that this is will be the efforts in the stomach. so in that case there's no need to discuss whether there's a little bit for you we have created this is not l.c. . according to the united nations plastic is now part of the diet of half the species of cib it's. thanks to the use of plastics we protect the planet and we protect the climate evolution is well if you would have to replace the best of packaging by all the material then you would have to multiply the weight of the begetting by four the price of the packaging by two and the amount of waste by one point six. drifting plastic. marcus and his friend joe assailing the mid pacific are sitting on thousands of slightly leaky bottles. marcus's plan has already worked. his exploit is being followed by millions of people on the internet. it can affect some policy. some policy to help curb the exploitation of. a sympathetic chemicals that we had to use to our advantage short term advantage but

most of them are from the north sea, a place which has a more punishing environment in the gulf of mexico, yet has a dramatically different record in terms of fatalities. we believe that some of the experience they are, ironically the same companies that are operating in the polls are operating under those standards in the north sea. so it is not a mystery or a new set of standards to those companies themselves. and as i said in my report, i am learned that if we do not, if were cameras and if we have an enhanced likelihood of an event similar to the macondo, that we are all going to be pointed out as to why we were unable to recognize why we were unwilling to act in the public interest. >> do you agree? >> i do agree. i would add this is a very dynamic industry, which has transformed over the last 25 years estimate from shallow buttered deepwater which is a much more high-risk environment. it has not adapted its own to either prevent or respond to a problem of this support. i'll play one of the things -- well, it is free assuring that the rle adam hasner restrict good regulations to gove

look to the north sea oil giants ross nafta m.v.p. seal a multi-billion dollar deal to extract the untapped riches of the arctic together. and russian lawmakers approved a key nuclear arms reduction deal with washington ratified before the end of the month after a counterbalancing changes made by the u.s. senate to the new start treaty. this is actually going to live from moscow i am here on marina joshie welcome to the program the report on the causes of the plane crash in western russia which killed president lech kaczynski last april has caused outrage in poland warsaw has launched its own probe in an attempt to prove some of the way weiss with russia the interstate aviation committee found the polish crew bad weather and pressure to land were to blame for the tragedy and he said now it has more. for the first time the last seconds are heard before a polish president lech kaczynski plane crashed down all on board. no no no no no. the crew ignored warnings from the aircraft's automated system to pull up and advice from air traffic c

as for europe today a little bit of rain moves in to central sections, slides in from the north sea. it will be pulling in cooler air along with it. we'll see that rain start changing over into an icy mix, a slushy mix that is. then more into snow as we head into the latter part of this week. that snow area will gradually spread in towards parts of the balksians as well as eastern europe. western russia, baltic states and finland still looking at a mix of rain and snow today. here's a look at highs for you. zero in stockholm. we're looking sat 5 in berlin. 6 degrees in paris so getting a little bit cooler again today. then 11 degrees for madrid. so that is a look at your weather for now. and here is your three-day outlook. ♪ >>> once again, the headlines this hour. chinese president hu jintao has arrived in washington and will meet with u.s. president barack obama on wednesday. the focus of the meeting will be on whether the two nations can narrow their differences in areas such as appreciation of the chinese yuan and security issues. he was welcomed by vice president joe biden at an

we are a developer on the north sea. we have completed projects there, among others.ave been involved in this waterfront for about 40 years. i am here today to encourage you to accept these terms. we have been working in support of the port and the mayor's office of economic development to help attract the america's cup to this venue. i have to commend the mayor's economic development team for doing an amazing job of scrambling to get this together so quickly, and for the port, who has come up with some terrific contributions to this effort. it is a great team. we have been private-public partners with them over the past 11 years. we think this is the big one. our mission is to reconnect the city with its waterfront. the america's cup represents probably the greatest opportunity to complete the development of the nebraska waterfront that we are ever going to get. -- of the north east waterfront that we're ever go to get. >> my name is andrew waters. i am representing future business prospects. i would like to participate in the america's cup. i want to qualify my stat

in the north sea and in europe, it is 1%. that needs an explanation. it points to a problem. i think it points to a system- wide problem. >> as early as last week, jack girard, the president of the american petroleum institute, said that he felt that the american people believe that the mcconnell was an isolated incident. as you know, there is significant resistance on the part of industry to creating the kind of safety systems that you call for. on the government side, congress, last year, tried to pass an oil spill legislation that contained a lot of the things that you have called for. that legislation went nowhere. what will you do to make sure that your report, as thorough as it is, is not ignored by both congress and industry? >> we will make a lot of noise. we are testifying before senator bingaman on the 26 of january in the morning and doug hastings in the afternoon. we expect there will be more tension to the kind of thing that we suggested, which really is a very detailed research. we do not say really what we do not know here. we do know that this is a systemic pr

reserves like china russia are on the one hand and on the other you've got sluggish growers with north sea levels of debt for example the european union and the united states the slogan for this year's shared norms for the new reality tries to find common ground between the two sides and the first four sessions today all try to learn from the experience of those upstart the first four sessions of dedicated to emerging markets that's china russia india and also brazil in particular president medvedev of russia goes on to give a speech where the priority is expected to be welcoming investors and promising them their shareholdings all entirely safe of course that comes on the background of the holocaust trial at the moment and other issues which are of raise some doubts in the west over the safety of investments in russia which really had a full say that in order to transform russia to a knowledge based economy over the coming years from a resource based one it really needs foreign expertise and for that it needs to guarantee foreign to foreign investments. that there will there reporting fro

north sea and with the risks that it presents which we talked about at the beginning of our discussion to be doing so and with the company that has a lot of offshore experience relevant technology. is super and i think that's evident from the comments also prime minister putin who obviously wasn't on and funny but had seen the c.e.o. or leader. i don't think anybody should underestimate the impact that this project and this alliance will have and the positive sense for the development of the russian offshore industry another good example is brazil and what the acceleration of fuel some of the offshore pre-sold opportunities there is doing for the construction business the oilfield services business and all the other auxiliary businesses transportation logistics etc that supply these massive projects. hopefully we get off to a good start with this first one and it can be a catalyst to develop it along the lines into the scale that we see in brazil so it's peter ryan vice president ross next spotlight will be back shortly right after the break so stay with us we'll continue in less than

gives them access to a huge hydrocarbon province with potential resources equivalent to the north sea at a very competitive price and for russia i think it helps with furthering the objective of integration that the leadership has of russian oil companies into the international system. and it also perhaps signals the start of renewed. a period when foreign companies can again invest in the russian oil and gas sector now r t m k b p russia's shareholders said earlier today that they welcome the deal however there's reports that they would also may want to participate in a joint venture could it claim that all b.p. ventures in russia should be done. it could under the terms of the tiering k p p joint venture each partner has to offer the other the opportunity to participate in every in every piece of business that they are involved in in russia. but i think that they are that's the russian partners of b.p. in team k b p will be happy to c.p.p. shoulder the expense and cost and risk of exploration and i think this issue will arise only if they make a significant discovery so do you see a

ministers believe that you could just keep drilling and pumping oil from the north sea and it just replenishes itself magically that there is no bottom to the end of that ball and it's unexpected they unexpectedly ran out of oil in america in the seventy's they are expectedly run out of oil in kuwait in the bergenfield over the phone expectedly run out of oil and cancer in mexico the world unexpectedly hit peak oil in two thousand and seven along with big credit and it's all very unexpected unless you've got a fifth grade education that is go belly productive all and you can predict that it's going to get worse from this final brief headline regarding this a consequence of the increase in oil imports sterling falls after u.k. trade gap widens to record so the u.k. trade gap widens because of the increase in oil imports thus causing the sterling to fall thus causing naturally the price of oil which is priced in dollars to be more costly to the u.k. well george soros it's nineteen ninety three a time to kill the pound sterling all right stacey newman thanks so much for being oh it was a report t

it's about one hundred twenty five thousand square kilometers about the size of the earth the ukase north sea oil exploration area it's called a global and optics to two to partnership what it really means is that exploration there's a lot of oil there it's estimated that is about a fifth of the world's oil reserves are on. the arctic. explorers here people from this deal from b.p. of course no record they might be able to start drilling in five to seven years other experts say that's a bit over confident it could be as many as twenty years before they could actually get drilling but the deal is very much of mutual benefit to both both sides rosneft needs be the project to some specifically its advanced drilling technology and b.p. needs rosner after its gulf oil of mexico oil spill last april it needs to generate new revenue in the future so both sides looking for a positive outcome in the coming years from the steel. arches tom barton thank you . and that's all business news for this hour but you can always find more stories on our web site that's r t dot com slash business stay with us.

in the north sea and in europe, it's one. that needs an explanation, and it points to a problem. i think it points to a system-wide problem. sir? >> thank you, gary with plats. as early as last week, president of the american petroleum institute, said he felt the american people believe that macondo was an isolated incident, and as you know there's resistance on the part of industry in creating the safety institute you called for, and on the government side, congress last year tried to pass an oil spill regulation that could handle the things you call for. that legislation went nowhere. what are you going to do to make sure your report is not ignored by congress and industry? >> well, we're going to make a lot of noise. we're testifying before senator bingman on the 26th of january in the morning and in the afternoon. we expect that there will be more attention i think to the kind of thing that we've suggested which really is a very detailed research, and i think carefully thought through set of findings and recommendations and well-documented. we don't say what we don't know. we

in the north sea and in europe it is one. that needs an explanation and points for problem. i think it points to a system- wide problem. sir? >> as early as last week jack girard, the president of the american petroleum institute said that he felt the american people believed macondo was an isolated incident. as you know, there is significant resistance on the part of industry to create the safety institute europe called for. on the government side, congress last year tried to pass an oil spill legislation that contained a lot of the things you a call for. that legislation went nowhere. what are you when to do to make sure your report, as the row as it is come is not ignored by congress and industry? >> well, we're want to make a lot of noise. we're testifying on the 26 and january in the morning. -- 26 of january in the morning. we suggest there will be more attention to the kind of thing we have suggested, a more detailed research. we do not say really what we do not know here. we know this is a systemic problem given the pervasiveness of the contractors, the right manager

most of them are from the north sea, a place which has a more punishing environment in the gulf of mexico, yet has a dramatically different record in terms of fatalities. we believe that some of the experience they are, ironically the same companies that are operating in the polls are operating under those standards in the north sea. so it is not a mystery or a new set of standards to those companies themselves. and as i said in my report, i am learned that if we do not, if were cameras and if we have an enhanced likelihood of an event similar to the macondo, that we are all going to be pointed out as to why we were unable to recognize why we were unwilling to act in the public interest. >> do you agree? >> i do agree. i would add this is a very dynamic industry, which has transformed over the last 25 years estimate from shallow buttered deepwater which is a much more high-risk environment. it has not adapted its own to either prevent or respond to a problem of this support. i'll play one of the things -- well, it is free assuring that the rle adam hasner restrict good regulations to gove

there is the capacity and the barges have no way of reaching the ports of the north sea. real transport is also not an option. the capacity is limited and there are too many containers back debt. every day spent waiting costs the skipper's money. they have no choice other than to sit it out and wait till the capsized taker is salvaged and the river can be reopened. lufthansa has results and -- resolved a 10 months' pay dispute. both sides aren't accepting a proposal prepared by the mediator in the dispute. -- both sides are accepting a proposal prepared by the mediator. there will be given improved working conditions and include more stable work schedules and better regulated breaks and rest periods. but attendance will receive a one-off payment of 1000 terrace. -- flight attendants will receive a one-off payment of 1000. >> aristide's return comes days after john pajean-claude duvalir returned. duvalier ridding supporters from his hotel in port-au- prince. he said he had come back to help the haitian people. less the 48 hours after his return, the 39-year-old was led awa

write quite a lot in thi book about the gulf of mexico and make a point of including places like the north sea and the bay of r biscayne and the river and the gulf of guinea that we perhaps might think aren't part of the atlantic but the gulf is. i don't know that i could write a separate book about it but believe you me i've done, i hope, a fairly decent service to the ocean in this f book. thank you very much. [applause] >> this event was part of the 2010 miami book fair international. to find out more, visit miamibookfair.com. >> visit booktv.org to watch any of the programs you see here online. type the author or book title in the search bar on the upper left side of the page and click search. you can also share anything you see on booktv.org easily by clicking share on the upper left side of the page and selecting the format. booktv streams live online for 48 hours every weekend with top nonfiction books and authors. booktv.org. >> this is booktv's coverage of the 61st annual national book awards in new york city and now we're joined by megan stack, who is a finalist in the nonfiction cat

the scaling in the gulf of mexico are vastly greater than in the north sea. the economy of the gulf states are closely tied to the offshore industry. the gulf account for more than 25% of domestic oil production and approximately 12% of domestic gas production. one of the problems we are addressing and that cannot be avoided is this, how will government and industry make the fundamental reform is necessary to improve the safety and environmental protection in this mass of industry while allowing for the continuity of operations and production? to illustrate the problem, consider this. united kingdom offshore production, which is at a much smaller level than in the gulf, dropped off substantially toward two -- for two years following their incident. we want to improve the safety of children in the gulf of mexico, particularly -- said the of drilling in the gulf of mexico, particularly in the -- particularly deep water drilling. let me be specific about what we have done and what we plan to do in the future. we have undertaken the most aggressive reform of offs

in the north sea and in europe it is one. that needs an explanation and points for problem. i think it points to a system- wide problem. sir? >> as early as last week jack girard, the president of the american petroleum institute said that he felt the american people believed macondo was an isolated incident. as you know, there is significant resistance on the part of industry to create the safety institute europe called for. on the government side, congress last year tried to pass an oil spill legislation that contained a lot of the things you a call for. that legislation went nowhere. what are you when to do to make sure your report, as the row as it is come is not ignored by congress and industry? >> well, we're want to make a lot of noise. we're testifying on the 26 and january in the morning. -- 26 of january in the morning. we suggest there will be more attention to the kind of thing we have suggested, a more detailed research. we do not say really what we do not know here. we know this is a systemic problem given the pervasiveness of the contractors, the right manager

in the north sea and in europe it is one. that needs an explanation and points for problem. i think it points to a system- wide problem. sir? >> as early as last week jack girard, the president of the american petroleum institute said that he felt the american people believed macondo was an isolated incident. as you know, there is significant resistance on the part of industry to create the safety institute europe called for. on the government side, congress last year tried to pass an oil spill legislation that contained a lot of the things you a call for. that legislation went nowhere. what are you when to do to make sure your report, as the row as it is come is not ignored by congress and industry? >> well, we're want to make a lot of noise. we're testifying on the 26 and january in the morning. -- 26 of january in the morning. we suggest there will be more attention to the kind of thing we have suggested, a more detailed research. we do not say really what we do not know here. we know this is a systemic problem given the pervasiveness of the contractors, the right manager

and seventy percent of the first line of the north stream gas pipeline which will connect russia and germany across the baltic sea bed has been laid that's according to. the north stream aging project manager for germany eight hundred fifty kilometers of pipes have already been laid out of a total of twelve hundred kilometers the plan for the offshore pipeline is to build two parallel legs each with capacity of twenty seven and a half billion cubic metres per year with the first gas delivery scheduled for late two thousand and eleven when finished it will be the longest subsidy pipeline in the world. and global car production has generally seen a rebound from the recent economic downturn this accelerating growth however should see some historical changes on the global as well as the russian auto market but has the story. just ten years ago the production in the developing countries accounted for just twenty percent of global output twenty eleven is expected to reach parity russia is one of the principal drivers of that trend it's projected to supply six percent of the global market in the coming twelve months and

today's deal focuses on this sea north of that where estimates suggest there could be 5 billion tonsf oil and 10 trillion cubic meters of gas. >> the arctic is considered to be a major undeveloped province. bp has got a prime position in the early stages of developing that region. if they geologists' are correct, this could be one of the deals of the century. >> last year bp had a year to forget. the deep water horizon disaster has left it with billions of dollars of potential liability is and doors closing in its face. bp has had its problems in russia. in 2008 they experienced an orchestrated campaign of harassment after it fell out with its business partners. now russian state control will take a 5% share of bp. bp has been investing for more than two decades. two years ago that seemed to be turning sour. today's announcement appears to confirm the vital relationship with russia is back on track. >> good to have you with us on "bbc world news." a pakistani government minister tells us he will keep on opposing the death penalty despite threats to kill him. a group of health experts

the north struck at sea again shelling the south korean island near the north. two construction workers died the first south korean civilians killed in a military attack in more than 50 years. the attack brought a humiliated south korea and a wildly unpredictable north closer to armed conflict than at any time since the korean war. the horror of the moment is still fresh to the hundreds of villagers who fled to temporary government provided housing on the mainland. >> i saw the shell passing over my head. it fell in front of me. the fear that i felt was just so tremendous. it is still so vivid to me. the elderly people who lived through the korean war, they went through that. now our children have to live through the fear. >> warner: did the south korean military come to your defense? >> no. iten rages me to think that. i really thought the government would react immediately, would retaliate immediately. >> warner: after nearly 15 minutes the south korean military did fire back. but to inconclusive effect. >> the government's own assessment of it was it didn't w