porth good to be with you max all right richard heinberg markets around the world are once again volatile and once again credit is the vapid rating tell us how energy plays into the chaotic peak debt scenario where you know economic activity alternately depends on energy and raw materials we tend to forget that we think money makes the world go round but but really when you get right down to it it's it's energy and raw materials so we've benefited from extraordinarily cheap concentrated energy sources for many decades really since the start of the industrial revolution but we've been extracting them using the low hanging fruit principle so even though there's still lots of oil coal and natural gas left in the ground. we're going toward lower and lower grade resources all the time that means more and more investment capital is needed in exploration and production. and that means the cost is increasing that's one of the main reasons that oil is one hundred dollars a barrel today instead of twenty dollars which is what was being forecast a decade ago. so there has real impacts all through th

and attempts at retail on the streets of porth smith which is a liberal part of new hampshire he gotgroup democratic activists part of an organization that actually said they were going to go there to demonstrate against him. bachmann we have reached a point where some of her misstatements and video sin crazies video sin crazies. >> she was in south carolina today to capitalize on the big win at the iowa straw poll. by capitalize cash in. put the money in the bank. working on bundling operation to wrack in big bucks. she, too, has had whether it's gas prices at $2 which is going to be a hard promise to keep or some the anizations that her security has been too rough on reporters and actually kept her away from the peeps on some occasions. >> laura: we have seen the reports wearing big knee on t-shirts with security on them. i'm not sure that's that big of a story. come on, carl. you can take rough stuff. >> has nothing to do with her quality to be president, either. >> laura: exactly. talking about surrogates for obama who is already out there. the president is vacationing. arne dunc