most of the time they lived there certainly after his studio 15 got up and going he never did any oil pa paintin paintings. the second work is actually from 1990 that was painted when he was sick and as many have you may know there's a historical tradition of artists cross-examine skulls when their contemplating their own death and my mother wouldn't allow this picture in the house. i choose this when he died and finally a drawing work on paper from 1991 which as you can see it's beginning to have some points of view from his very early work per everything also whether he had into someone else and the ideas were also there from the beginning to the end of his life. some of my favorite memories was the way he taught me to see. i'm unable to look at certain places or things without thinking of him. there used to be an appealing building in berkley he loved. you were aware of the bricks underneath. the color it was painted and the effect of the under color that was now the top. there's a place as you approach the bay bridge on the way to san francisco where you can see the water. he would c

. ♪ we are farmers bum - pa - dum, bum - bum - bum -bum ♪ >>> america producing more oil in part duechniques called fracking. >> it's a method of cracking the oil underground to release oil and gas. >> state officials took on fracking in california. california drivers know gas prices are unpredictable. the oim industry says it has the answer underneath what is called monterey shale. a large formation that stretches hundreds of miles. phone shallly 15.5 billion barrels of oil but a controversial drilling method may be needed. >> we can produce more oil domestically we have a more secure supply of energy and we should see a much less volatility in the marketplace. >> along with traditional drilling it's been going on in california for decades. which injects chemicals into the ground. >> it is not new. >> with expansion about to get underway regulators on the verge of writing new rules after months of hearings will answer how much public notice companies should give before work starts and who should be notified when accidents happen. >> the division is mandated to encourse wise developm

. ♪ we are farmers bum - pa - dum, bum - bum - bum -bum ♪ >> in 2005, another disaster on another oilby bp, a refinery in texas city, killed 15 oil workers and injured at least 170 others. in 2006, 60 minutes spent three months investigating that explosion. our late colleague ed bradley found evidence that bp ignored warning after warning that something terrible could happen there. >> the bp refinery in texas city extends over nearly two square miles on the outskirts of galveston. it's the third largest refinery in the u.s. on march 23, 2005, bp employees and contract workers began an especially dangerous procedure: restarting a unit that had been down for repairs. they began to fill a tower with gasoline. the tower overflowed, and the excess gas flowed into this backup unit, which then also overflowed and sent a geyser of gasoline into the air. pat nickerson, a 28-year veteran of the texas city refinery, was on the site that day, driving his truck to an office trailer. >> i looked down the road. and it looked like fumes, like on a real hot day, you see these heat waves coming up. and

. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ >>> welcome back to "power lunch." we're watching oil 10% so far this month. up about 13% so far this year. for more what's coming up next on "street signs," let's head on over to mandy. >> thanks so much. top of that hour and that time of the month. the latest fed minutes will be released top of the show. we all know of piloulty buildin houses and i went cronut hunting this morning. i spoke to the peel in the lines, some waiting to get their hand on the beautiful flaky pastry. lots of footage of what we saw. >> like a krois between a croissant and doughnut. >> a lot of imposters out there. >> these are the real keel. sounds very good to me. larry pope testing before the senate agricultural committee. senator chuck grassley is one of the makes we're gilling. welcome back, sir. are you troubled about their safety record? >> the answer to that is not just their record, chinese pork production generally because they just had an additive taken out of their feed for bigs because it was thought to make people sick and that raises issues. on th

pa - dum, bum - bum - bum -bum ♪ >>> welcome back. good wednesday morning to you. 5:54. scott mcgrew off all this week but we're happy to keep you informed of business headlines. oilces jumping to $105 per barrel. an industry report showed a bigger than expected drop in u.s. crude stockpiles last week. the government will release its own inventory data this morning. keep an eye on crude prices. they translate into higher prices at pump. average price of gas $3.48 per gallon. certainly higher here in california. about $3.97 per gallon. >>> a ground breaking ceremony held at the site of what will be samsung semiconductor's new home in san jose. that new and 1.1 million square foot facility built on the corner of north first street and tasman drive. an environmentally friendly research campus made up of two ten-story towers. the campus will have room for 2,000 workers and that is up from the company's current count of 370 employees. samsung semi curb owned by samsung electronics based in south korea. >>> harder to know when the ice cream man is in the neighborhood in one southern california city. the long beach city council has voted, listen, yeah, the city attorney

farmers bum - pa - dum, bum - bum - bum -bum ♪ >>> welcome back to our special coverage of "markets at all-time high." stocks have been red hot in july but it's nothing compared to the price of oileen melting down. bertha coombs is joining us. bertha? >> gold as of today, the weak dollar helping on gold. the dollar swooning on the comments by fed chairman ben bernanke that the fed was not ready to pull the trigger regarding interest rates. gold rallying for a fourth day, reaching almost $1400 an ounce. that's about a three-week high or so, even though it's down some 23% year to date. we are seeing some more interest coming back to gold that maybe was an inflection point, seeing some stability. silver has been the very big mover, back at $20 an ounce and up. about 7.5% week to date. crude had been on fire in terms of wti nymex crude, which is delivered at cushing, oklahoma. in the last two weeks we've seen big inventory drawdown but we saw some pretty good profit taking there in the wti. but gasoline resilient and resisting that downward pull. gasoline right now is at a three-month high. the futures prices back above $3. wholesale prices have really jumped over the last ten days