and one of the more dynamic people in washington government, robert atkinson, who heads the information technology and innovation foundation. i want to begin by looking at this problem of what people say about oil. seeing very high oil prices. $5 for gasoline in many places. and suddenly politicians are saying, there is plenty of oil, it is all the government's fault we do not have it. guy caruso, is there plenty of oil? >> potentially, yes, but it is not that simple. there is a lot of up-front investment required. there is adoption of new technology, innovating with that technology. >> talking about new technology with oil -- oil is in the ground. what is this new technology? >> two things. one, the seismic benefits from all of the gains we have made in the i.t. world. >> information technology, finding the oil, mapping the ground. >> secondly, the latest adaption of technology that has been around a long time is drilling techniques, going from a vertical for -- to much more use of horizontal -- exactly. >> how many directions in one? >> as much as 8. >> what is fracking? >> hydro frac

and one of the more dynamic people in washington government, robert atkinson, who heads the information technology and innovation foundation. i want to begin by looking at this problem of what people say about oil. seeing very high oil prices. $5 for gasoline in many places. and suddenly politicians are saying, there is plenty of oil, it is all the government's fault we do not have it. guy caruso, is there plenty of oil? >> potentially, yes, but it is not that simple. there is a lot of up-front investment required. there is adoption of new technology, innovating with that technology. >> talking about new technology with oil -- oil is in the ground. what is this new technology? >> two things. one, the seismic work that benefits from all of the gains we have made in the i.t. world. >> information technology, finding the oil, mapping the ground. >> secondly, the latest adaption of technology that has been around a long time is drilling techniques, going from a vertical for -- to much more use of horizontal -- exactly. >> how many directions in one? >> as much as 8. >> what is fracking? >>