industry, in the oil lobby and oil and osha complex.obert engler in his book, outlined that in the early '60s. that's part of the sustained history. president of the united states have largely accommodated these interests, and there are certain military interests that you point out are part of the questions. so my question is, you know, how can we respond to this? obama at least rhetorically has talked about expanding mass zahedi, high-speed rail, alternative energy. and it seems for different reasons that are think are largely ideological. we don't have the resources to act proactively. so, how, given these different structural forces you think we face intervention? what the gerald ford do about these? >> gerald ford had a problem because he had a short term in the white house. he was dealing with multiple crises. he turned to the saudis. as i said, the saudis right now are pumping more oil than they have in the past 30 years. i think there's probably been a series discussion with his of ministration about the need to help out the euro

oil diplomacy and oil dependency this morning the new york times published an op-ed on foreign oil dependency. the "wall street journal" published one on the importance of history studies in creating competitive dynamic work force. we seek to bridge to compelling in vital areas of public interest. it is a rare and wonderful thing for a historian to watch as events the world speculated about a generation ago finally come to pass more than three decades later. five years ago when i began my research into u.s. we will diplomacy in the 1970's i was puzzled by references made in documents from 1976 that read like something out of the financial thriller. there was talk of a sudden increase in oil prices triggering a global financial crisis. the bankruptcy of countries in southern europe and international debt default crisis, a recession in the united states, unemployment over 9 percent, and the possible collapse of big banks on wall street. thirty-five years later and here we are. global recession induced by soaring oil prices, the bankruptcy or near insolvency of countries in southern europe, bank

by less oil. wealth ok but i don't know if it's savings if you're going without it does that mean it may mean lower economic oh no but nobody's nobody even considering of trying to use to teach you cruisers really what we did use them i mean we used them in june and. we think that that present prevented a price spike at the time because it helped to supply the market we really sixty million barrels. thirty eight million barrels a day. it was from government strategic stocks twenty two million barrels was released by allowing companies to hold less stocks companies have a kind of like a bank has a reserve requirement companies sometimes are required by governments to hold stocks so release those we relax those requirements some countries did and other countries sold oil into the market out of their strategic stocks and that that release was very well received by the market more than thirty more than ninety seven percent of the thirty eight million barrels that was offered from strategic stocks was

there's nothing ethical about using tar sands oil versus saudi arabia oil. your thirst for tar sands and for the pipeline will undoubtedly mean the total devastation of the homeland, the water, the animals, the birds, the fish, and contribution to early deaths of my people, and undoubtedly the genocide of my people. we imminently and categorically reject the approval of this pipeline for very obvious reasons, and i want to challenge secretary clinton, president obama, who, i think, has an ethical and moral obligation prior to making this determination of an approval to visit the tar sands, to see the tar sands, to hear our people, and to listen to the many concerns and issues our people have, and so with that, i'm happy to be here with our indoing nows brothers and sisters from -- indigenous brothers and sisters from both sides of the border to oppose this pipeline. thank you. [applause] >> i'd like to call, please, mr. steven anderson, mr. george stanley, mr. randy thompson, ms. leslie fields please. >> retired general, united states army, senior stay tigs

every regulatory senate house the explosions of a directing president these witnesses represent the oil companies are clean or dirty six billion dollars or twenty dollars a barrel. and there she is. we call it our near neighbor neighbor. we are in a split. state's situation where we on the surface and someone else on some mineral rights and what happens in colorado and i think in most western states is the mineral rights. are dominant. long on mineral extraction goes back hundreds of years that says the mineral. has a right to extract that mineral and to a certain extent can extract it impact the surface without compensation. we have seventy acres here and i can't convince them that they need to drill some more two hundred feet from our. policy has been to drill drill drill drill some more era very strong industry they've got a tremendous amount of political influence and an awful lot of money. as a civil servant i spoke out. but it's difficult to do so because you feel constant you're risking your job and your family's future. if you say as i sat there and looked out my window into my

was higher back prior to nine hundred seventy then when we started importing more oil using oil from around the world and while that we got from elsewhere we're sort of we're not quite as well as they were we had ourselves and our road growth rate slowed down. after the one nine hundred seventy nine hundred eighty period and so we've been any lower. growth rate but the fact that we had while in there helping us keep the growth rate up has helped us to maintain our debt growth which has resulted in a combined high growth rate right now or certainly the g.d.p. has been bouncing around over the past twenty or thirty years they had a nice pop there during the reagan years but oil is certainly contingent on the growth of the debt bubble g.d.p. there is a relationship there so now that america occupies iraq libya they've sent troops to uganda with these oil reserves secured by the american empire with this enable this debt bubble perhaps to resume growing and maybe is just a way the u.s. will see its way back to growth where i don't see in the urban what terry approach surely has worked ve

i'll say it's a choice between canadian oil, saudi oil, venezuelan oil is a false choice. it is the posters because keystone xl is an export pipeline. we studied this issue and produce report a few weeks ago. i've submitted them into the process. the u.s. gulf coast at the forefront of the 60% increase in u.s. petroleum products, export since 2007. latin america and european markets need these on the coast coast refiners and the one providing it. in fact with u.s. gasoline demand set to decline over the long term, the refiners to receive keystone xl crude maximize from heavy saudi creeps are not of the tarzan type and will deliver. this means a keystone xl is serving growing global demand rather than u.s. domestic needs. it will therefore the oil delivered from canada will be as well as, not instead of other sources of heavy oil such as that from saudi arabia and venezuela. even if that weren't the case, canadian oil has not and cannot insulate america from the global oil market in the same that over the last few years. canada has been america's largest source of imported

ing the flow of -- staunching the flaw of oil? and then also i was wondering, are you surprised that congress to date has not passed any legislation -- [laughter] reflecting the lessons we've learned from deepwater horizon? are you surprised? >> >> guest: well, i think a lot has happened. you've had the reorganization of the regulation of the offshore oil industry. that's a big deal. you've had the, a much deeper understanding and coordination of it. i mean, it was one -- it was an accident that, you know, it was kind of the unthinkable, just thought it couldn't happen because, you know, we know how to do it. well, it did happen. and as a result of that, there are a lot of consequences. we have a new regulatory regime, we have -- >> host: which can be change with the the new administration. >> guest: yeah. but i don't -- i think the emphasis on safety, you know, they'll argue about timing, does the agency have enough people, in fact, has the agency been properly, does it need more funding? there are all those questions around it,

the rocky mountains are seeing and i'm pressing the boom in oil and gas drilling. montana wyoming colorado new mexico utah the boom is happening all over the country there's oil and gas operations and thirty two states right now but the rocky mountain states are really seeing the vast majority of the expansion. and it's overflowing into communities where people are seeing this right in their backyards . but i'll show you where they wanted to put this location one of the first places that they want to put it surprise you say we have three well out there you don't have in the city. split a state situation is when somebody who owns the surface of their land does not own the resources that are underneath their land for example oil and gas or other minerals a private person could own a house with land and the federal government or another private individual might on the resources under it the person who owns the oil and gas has rights to access that oil and gas which means that whoever owns the surface probably can't control what happens on their own property just one u

suits colorado matters colorado with the oil and gas wells drilling is making the recent spike in oil and gas drilling in colorado is heading. for they should about the effect of truly off your health. we'll. bring you the latest in science and technology from the realms. we've got this huge earth covered. with twenty five dead zones three hundred injured egypt's military rulers ordered an investigation into the deadliest riots in cairo's liberation and fierce clashes between christians and security forces. as european leaders work against the cold to try to save the you from economic disaster russia says it could help poultry eurozone economies by buying up dead but only up to brussels produces a clear strategy on how to exit the crisis. and the wall street activists increase the pressure of protests gathered pace cross the u. i sense red to other countries while demonstrators accuse police of bully boy tactics and making bread. of course our correspondents in new york have the latest on the protests in the big apple in our twitter feed see underscore combe but up next stop a debate

pay the prices they get the oil according to the latest. report i quote the world faces a dire future unless a complete change of course is made to deal with the huge problem of surging energy demand and quit what does the are you a suggests doing in the one to two avoids the future well i mean you're talking about a dire future in the in the event of surging demand for fossil fuels i mean energy is life as population increases economic activity increases and even though we all hope that our ability to use our energy efficiently improves over time we know that rising a rising population as long as that happens means there's going to be rising energy demand the key question is how we supply satisfy that demand right now our energy mix in all countries or almost all countries is heavily focused on fossil fuels and the concern there is that fossil fuels are first of all they're there are supplies limited nobody knows so when will run out but everybody knows that it's a fossil resource and therefore is limited in supply it took millions of year

to be greece rather than increase i mentioned oil there to what extent is or has oil supported the that bubble in america well i think it helped us have economic growth that was especially true prior to nine hundred seventy when it was our own supply that we were coming out on and our growth rate was higher back prior to nine hundred seventy then we started importing more oil using while from around the world the while that we have from elsewhere we're. sorta but not quite as well as they were we had ourselves and our growth growth rate slowed down after you know going one hundred seventy nine hundred eighty eight period and so we didn't have any lower g.d.p. growth rate but the fact that we had our oil in there helping us keep the growth rate up has helped us to maintain our bad growth which has resulted in a combined high growth rate right now at all certainly the g.d.p. is them bouncing around over the past twenty or thirty years they had a nice pop there during the reagan years but oil was certainly contingent on the growth of the debt bubble g.d.p. there is a relationship there so

oil is a mixture of these very heavy organics but it's a range from these kind of greasy very heavy oil we suffer from stuff which is quite those materials rapparee very quickly all those are potentially toxic but we don't know to what extent. many of them are dangerous ethylene for instance is converted in humans ethylene oxide and ethylene oxide is a car senator besides the drilling in their immediate neighborhood chris and steve ridgway wrecked leave downwind to what was becoming a major drilling field exposing them to even higher levels of airborne toxins. another source of possible exposure was a waste water treatment facility located across the river from their home. in one nine hundred ninety seven as chris's symptoms were getting worse a water well near the most baldies was blown out and contaminated by drilling. according to state records on september fifteenth one thousand nine hundred ninety seven barrett resources lost well control while drilling the burned clogged gas well the gas company told everybody not to drink the water and they actually started delivering water to us

today with cries for more domestic oil and gas production. energy companies have been aggressively leasing mineral rights so that they can drill beneath both private and public lands all over the rocky mountain west this industry has been expanding dramatically tens of thousands of new wells across the region in colorado alone we've got about thirty thousand wells and we expect another thirty thousand in the next five or six years for decades the oil and gas industry has lobbied to create a regulatory climate which has paved the way for the current drilling. that in two thousand after the bush cheney election there was a dramatic acceleration in drilling activity both had received large contributions from oil and gas interests and the vice president had been the chief executive of halliburton a major player in the drilling industry. the needs of our growing economy also means expanding our domestic production of oil and natural gas which are vital fuel for transportation electricity and manufacturing whatever. alternative sources and for cons

and oil. alternative energy sector is still unsufficient be developed so what's to be done to avoid that future without dramatically changing our way of living and maybe russia could help with that we're asking the deputy executive director of the international energy agency richard jones. the international energy agency says the world is entering the golden age of gas with production to rise by fifty percent in the next twenty years russia's going to sheeple were hundred and ten billion cubic meters of gas to europe through its south and north stream pipelines the construction of south stream is starting suit and stream will start operating in early november the trans underneath the baltic sea and delivers russian gas directly to western europe this is meant to improve european energy security and weaken its dependence on transit countries. mr jones was michelle thank you for having me thank you thank you very much for being for being here well. the international energy agency the i.a.e.a. ha

gas and oil administration. and so their. trade policy when we need a twenty first century policy the bush administration you know. they aren't sympathetic they're making very serious mistakes because they've talked to themselves and the energy companies and only themselves and the energy companies we don't know what other provisions may have special interest provisions that. when you're writing one of these bills in secret in two thousand and five the administration's energy bill passed with support from members of both political parties it provided the gas and oil industry. of dollars in subsidies tax breaks and research money sixty five percent of the current subsidies go to gas and oil and you have this imbalance we ought to have sixty five percent or more eighty percent ought to be going to alternative renewable technology to energy efficiency the energy bill makes practical reforms to the oil and gas permitting process to encourage new exploration after years of debate and division. congress passed a good bill. the. it

the oil croplands 25 miles of river by 42,000 of toxic crude oil. i took away three lessons that the department should heed in the decision on the pipeline. first, spills happen no matter how many precautions are taken. second, the impacts are much more devastating during extreme weather events such as flooding or droughts and wildfires as in texas and changing climate appears to be bringing more extreme weather. third come out of sight is not out of the ecosystem or unconnected to our health. i saw pastor were the top of the grass looked fine and on the stems below was residual oil, oil that was left from the flooding conditions and that will poison the land, please in the water and livestock for a very long time. last week we saw hundreds of americans travel to hearings to say no to this pipeline. these people were not paid, not around by transcanada. [applause] these were people -- >> please go ahead. >> these are people who took the time to understand this complicated project who are exposing the truth behind transcanada's it saturated claims, a

has taken a very militarized approach to it of standing oil sitting on oil china needs that oil is there are we headed toward a conflict there number one and number two is china's alternative energy approach as you as you are talking about here with wind and solar is that going to be able to leapfrog them you know beyond hydrocarbon steven lee well yeah i think it already is i mean solar right now is in many cases competitive with hydrocarbon and so is wind. and china is the one that can produce the lowest cost when the lowest cost solar is so yeah i think that they are leapfrogging to some extent you know there's a lot of work to be done that's why they're spending you know trillions literally trillions of dollars you know developing smart grids etc as far as the oriel that the u.s. may be sitting on right now that's not conventional oil that's non conventional oil and it really is not clear that we're going to be able to get significant and by significant i mean twenty or thirty. barrels a day from those that say shale deposits i mean we'll be lucky to get two or three million barrels

of oil per day. what we found out is that likely at its worst, this spill was 80,000 barrels a day and yet they had no capacity whatsoever to deal with it. they did not have ships ready to contain the oil. they did not have underwater vehicles ready to address the blowout. they didn't have boon to protect the sure. they didn't have skimmers to skim it up. not only that even though after the 1989 valdez disaster they had been committed to responsible for legally obligated to invest in research on what to do if they had an oil spill and prepare for it. they hadn't, none of them. we are using the exact same technology that utterly failed to clean up after valdez that only 14% of the oil was cleaned up. today in response to this. now to put this into scale what happened because they didn't know what to do in a spent three months walking around, well, that's not fair. they were trying very hard. they sat around it table and they were trying very very hard. there were engineers very hard at work or could t

colorado matters colorado with the oil and gas wells drilling is making the recent spike in oil and gas drilling in colorado is heading. for they should about the effect of truly off your health. lulu. this is artsy i'm so naive and i'm t. corporate molecules in new york made a fierce response from police as the protest rally makes its biggest push the end of. the occupy wall street movement gain support to across the world and tens of thousands letting loose their anger against big banks and the wealthy banker of. ukraine's former prime minister feels the strong arm of the more after being sentenced to seven years for a previous superpower but to some to cry a nation shot to democracy the noose is tightening still further as she faces even more charges also. and it must be over the seats because we. keep going to syria's president promises to meet protesters demands for the new constitution a multi-party and.

deputy executive director of the international energy agency to discuss the decrease of the planet's oil reserves and what it means for the future of mankind. hello again they're welcome to spotlight the interview share on our take i'm al green of in today my guest on the show richard. according to the international energy agency the surging and richard the one who will most likely lead the world to a dive. called reserves are running out faster than expected and the growing fuel consumption raises environmental concerns but this all the warnings people continue burning oil and oil and alternative energy sector is still unsufficient the developed so what's to be done to avoid that future without dramatically changing our way of living and maybe russia could help with that we're asking of the deputy executive director of the international energy agency richard jones. the international energy agency says the world is entering the golden age of gas with production to rise by fifty percent in the next twenty years russia is going to ship all were hundred and ten billion cubic meters of gas t

or oil spills or natural gas well from our dangerous. today's hearing will examine loopholes and several health and environmental protections that are exploited by the oil and gas industry as children we all learned about basic fairness and we know that it's not just not fair when someone gets to play by different rules than the rest of us but as we will learn today there is one set of environmental rules for the oil and gas industry and a different set of rules for the rest of america the federal government's got to be involved in that this isn't something that the states can do definitely because this chemical testing is expensive states don't have the money would you think it would be hard to find these chemicals if you waited for years to sample them definitely yes why does it you know why take so long to do the testing. because this is what you traditionally chest for are we not doing enough basic research and it is serious we are not there slipping through our safety net truly. there have been many attempts to create more balance b

that a glass of water left over there was like a little oil slick. in desperation chris and steve moved to grand junction colorado abandoning their home and a place that had been their dream. just. you know. four hundred forty thousand dollars and we just walked away from it. there are no official statistics tracking people who have moved away because of the effects of gas and oil development but in the two colorado communities profiled in this film the impact has been profound. there is a record of at least nine dry hollow families who formally complained about the drilling and they have moved away. some were afraid some were sick all were exhausted by their fight with the industry. chris and steve had seen the same thing in their neighborhood in rifle i think almost all of our neighbors. and all the people that occupy the houses now are all people who work for the world. and. there's a growing. on the part of people who live in the path of. living with this development has affected our lives in nearly every way imaginable we. have become activists.

turned them towards these oil and gas facilities and under infrared light. the volatile organic commissions were visible. they look pretty. moraz. and so one could see in this one for a great camera the amount of volatile organic carbon coming off these storage tanks . every well is thrilled into a straight and it has organic chemicals that oil is a mixture of these very heavy or again ics but it's a range from these kind of greasy very heavy oil we stuffed stuff which is quite those materials or at very very quickly all those are potentially toxic but we don't know to what extent. many of them are dangerous ethylene for instance is converted to humans ethylene oxide and ethylene oxide is of course senator besides the drilling in their immediate neighborhood chris and steve are you directly downwind to what was becoming a major drilling field exposing them to even higher levels of airborne toxins. another source of possible exposure was a waste water treatment facility located across the river from their home. in one nine hundred ninety seven as christmas sy