what we're really talking about here is a certain form of cracking it's necessary to produce gas from shale formations in producing gas and shell formations in the relatively new process then here in the u.s. it's now being picked up in a couple of countries abroad in some countries it's currently under moratorium. grants for example south africa. there are many places where it's under moratorium temporarily for example. so different entities different countries different provinces and different countries are treating the issue in different ways because many of them are concerned that a proper science hasn't been done especially with regards to waste disposal well it seems like we've just leapt into a technology without considering the long term consequences not unlike the nuclear experiment nuclear power thirty forty years ago. a good analogy corn ethanol another one said i always see people science and very often you have to. withdraw there you go thank you so much for being with us are my pleasure thank you very much oil and natural gas drilling companies love running television commerci

he took credit for the shale gas revolution he had nothing to do with and asked for new policies to quote the wealth around. we thought he meant it then and now he's admitting it. "the new york times" offered a bit more positive assessment, as you might imagine, writing, mr. obama has become steadily more assertive but he will have to push harder. the state of the union was a chance to do that and he did not squander it. mr. obama deserves some of the credit for that. but has a lot more to do with the unrelenning tough times and efforts of occupy wall street and other protests. what americans want now is strong political leadership. at the editorial from "the new york times." the president's address, of course, drew immediate fire from the republican candidates fighting for a chance to challenge mr. obama in november. in a statement, newt gingrich said the speech was more evidence that the president suffers a, quote, food stamp economy to a paycheck economy. he favors food stamp economy to a paycheck economy. mitt romney also zeroed in on an economic argument in an interview with nbc's br

our experience with shale gas, our experience with natural gas, shows us the payoff on the public investments't always come right away. some technologies don't pan out. some companies fail, but i will not walk away from the promise of clean energy. [ applause ] >>ly not walk away from workers like brian. [ applause ] >> i will not wind, solar are a battery, i will not seed it to china or gearm because we refuse to make the commitment here. it's time to end the taxpayer giveaways to an industry that rarely has been more profitable and double down on a clean energy industry that never has been more promising. have clean energy tax rates, create jobs. [ applause ] >> we can also spur energy innovation with new incentives. the differences in this chamber may be too deep to pass a comprehensive plan for climate change but there is no reason why congress shouldn't at least set a clean energy standard that creates a market for innovation. so far you haven't acted. well well, tonight i will. i'm directing my flogs allow the development of clean energy on enough public land to power three million home

our experience with shale gas, our experience with natural gas, shows us the payoff on the public investments't always come right away. some technologies don't pan out. some companies fail, but i will not walk away from the promise of clean energy. [ applause ] >>ly not walk away from workers like brian. [ applause ] >> i will not wind, solar are a battery, i will not seed it to china or gearm because we refuse to make the commitment here. it's time to end the taxpayer giveaways to an industry that rarely has been more profitable and double down on a clean energy industry that never has been more promising. have clean energy tax rates, create jobs. [ applause ] >> we can also spur energy innovation with new incentives. the differences in this chamber may be too deep to pass a comprehensive plan for climate change but there is no reason why congress shouldn't at least set a clean energy standard that creates a market for innovation. so far you haven't acted. well well, tonight i will. i'm directing my flogs allow the development of clean energy on enough public land to power three million home

the course of thirty years, that helped develop the technologies to extract all this natural gas out of shale rock -- reminding us that government support is critical in helping businesses get new energy ideas off the ground. [applause] what's true for natural gas is true for clean energy. in three years, our partnership with the private sector has already positioned america to be the world's leading manufacturer of high-tech batteries. because of federal investments, renewable energy use has nearly doubled. and thousands of americans have jobs because of it. when bryan ritterby was laid off from his job making furniture, he said he worried that at 55, no one would give him a second chance. but he found work at energetx, a wind turbine manufacturer in michigan. before the recession, the factory only made luxury yachts. today, it's hiring workers like bryan, who said, "i'm proud to be working in the industry of the future." our experience with shale gas shows us that the payoffs on these public investments don't always come right away. some technologies don't pan out. some companies fail. but

our experience with shale gas, our experience with natural gas, shows us that the payoffs on these public investments don't always come right away. some technologies don't pan out. some companies fail. but i will not walk away from the promise of clean energy. i will not walk away from workers like bryan. i will not cede the wind or solar or battery industry to china or germany because we refuse to make the same commitment here. we've subsidized oil companies for a century. that's long enough. it's time to end the taxpayer giveaways to an industry that rarely has been more profitable and double down on a clean energy industry that never has been more promising. pass clean energy tax credits. create these jobs. we can also spur energy innovation with new incentives. the differences in this chamber may be too deep right now to pass a comprehensive plan to fight climate change but there's no reason why congress shouldn't at least set a clean energy standard that creates a market for innovation. so far, you haven't acted. well, tonight, i will. i'm directing my administration to allow the dev

president obama highlighted shale gas and the opportunities it presents in his recent jobs report. e believe that the come up industry in particular stands to gain as they use high amounts of natural gas in the feedstock but also for fuel of power but also the feedstock. there have been a tremendous number of investments announce along the gulf coast and also along the marcellus region. we estimate that about 17,000 new high-paying petrochemical manufacturing jobs can be created from the use of this additional and an additional 80,000 in direct supplier jobs and 85,000 jobs associated with a household spending so it total of 182,000 american jobs generated by taking advantage of the ethane in the ground to reduce value-added chemical products. thank you. >> it has want to quickly introduce myself. you will see in the materials that we are kicking off a partnership with the council for joint publication of articles, webinars and best practice sharing. really to particularly focus on economic growth in the most distressed areas of your cities. a few quick facts. they are and what we c

saturday thousands of citizens participated in organized protests against plans for the exploration of shale gas by the u.s. companies chevron these protests came just days after it was learned that fracking caused earthquakes in ohio and it's been widely proven the fracking subjects' both the environment and citizens to poisonous chemicals group that organized the protests fracking free ball garia was assured by the ball gary in parliament that legislation imposing a moratorium on fracking would be considered a big applause was out for the citizens of bulgaria for standing up to american corporate greed and for fighting to protect their environment the bad georgia republican state senator kip smith smith was arrested for dui on friday morning at the feeling of sobriety test why is this of note because kip smith is the same georgia state senator who introduced georgia house bill four six four which requires random drug testing of states citizens getting assistance from public welfare programs the same sort of legislation has proven to be a complete waste of taxpayer money in florida as only two

over the course of 30 years that helped develop the technologies to extract all this natural gas out of shale rock. reminding us that government support is critical in helping businesses get new energy ideas off the ground. now, what's true for natural gas is just as true for clean energy. in three years our partnership with the private sector has positioned america to be the world's leader manufacturer of high-tech batteries. because of federal investments, renewable energy use has nearly doubled. and thousands of americans have jobs because of it. when brian ritterby was laid off from his job making furniture. he said he worried at 55 no one would give him a chance but he found work at a wind turbine manufacturer in michigan called energetics. before the recession, the factory only made luxury yachts. today it's hiring workers like brian who said i'm proud to be working in the industry of the future our experience with shale gas, our experience with natural gas shows us that the payoffs on these public investments don't always come right away. some technologies don't pan out some companies

over the course of 30 years that helped develop the technologies to extract all this natural gas out of shale rock. reminding us that government support is critical in helping businesses get new energy ideas off the ground. now, what's true for natural gas is just as true for clean energy. in three years our partnership with the private sector has positioned america to be the world's leader manufacturer of high-tech batteries. because of federal investments, renewable energy use has nearly doubled. and thousands of americans have jobs because of it. when brian ritterby was laid off from his job making furniture. he said he worried at 55 no one would give him a chance but he found work at a wind turbine manufacturer in michigan called energetics. before the recession, the factory only made luxury yachts. today it's hiring workers like brian who said i'm proud to be working in the industry of the future our experience with shale gas, our experience with natural gas shows us that the payoffs on these public investments don't always come right away. some technologies don't pan out some companies

japanese companies which are trying to find newer sources of energy, such as liquefied natural gas and shale oil and gas. so we're going to focus on mitsubishi, some trading companies in japan, and others among the sectors, but also let's not forget the banking sector as continued issues regarding eurozone debt problems continue to hangover markets there, and also authorities are trying to grapple with bank capitalization problems and banks' exposure to levels of high debt. we're seeing bond yields still high in early 2012. ai? >> speaking of which, ramin, the euro hit an 11 year low against the yen. how are the currencies trading? >> that's another major focus. we have been following that a long time. euro yen, 98.75-80. it hit fresh lows in new york trading time. it backed off a little from that. 98.77-78, well below that 100 euro yen level. dollar holding relatively steady there, but ai, as we were talking, markets may hold steady ahead of unemployment numbers in the u.s., but let's not forget also, there's an overall fear hanging over markets there about possible down grades of eurozone

. >> what about shale gas? >> the value-added tax in most european countries, on all exchange of goods, and services, except financial services. why? >> minister, you have been very adamant that you're not expecting a greek default. many people in the marketplace expect greece to default. what's wrong with a greece default? what's the worst-case scenario? >> we are prepared. but we are working to avoid a greek default. >> but you can't categorically say greece will not default? >> i cannot say greece will go for it. that would be a major disaster. and i think i'm convinced we are working for it. >> the next big deadline to watch, march 22nd. in fact, greece faces a major bond payout on that date. the eu commissioner would not rule out an agreement as late as late february. we are looking at bull actions for the long term, for the eurozone. but of course, the markets, investors, we want to see change in the short term. tell me how you see the greece recovery, or default playing out. >> i know more or less how th

our experience with shale gas, our experience with natural gas, shows us the payoff on the public investments't always come right away. some technologies don't pan out. some companies fail, but i will not walk away from the promise of clean energy. [ applause ] >>ly not walk away from workers like brian. [ applause ] >> i will not wind, solar are a battery, i will not seed it to china or gearm because we refuse to make the commitment here. it's time to end the taxpayer giveaways to an industry that rarely has been more profitable and double down on a clean energy industry that never has been more promising. have clean energy tax rates, create jobs. [ applause ] >> we can also spur energy innovation with new incentives. the differences in this chamber may be too deep to pass a comprehensive plan for climate change but there is no reason why congress shouldn't at least set a clean energy standard that creates a market for innovation. so far you haven't acted. well well, tonight i will. i'm directing my flogs allow the development of clean energy on enough public land to power three million home

do that, to have domestic suainability from the discovery of whether the use of natural gas-- >> shale gas and -- >> the discovery. they know it's there. they've never been able to extract it with some kind of cost efficiency. >> well, you know, i have my ears perked up more and more when i think about this, and i follow stuff that some of the real experts are saying and it seems to me this is a big story for the u.s. the next few years. >> rose: i do, too, a great story. >> if that's not enough, on top of that, there's this sort of pessimistic view, the whole product... improsecute was a myth and a figment of imagination, that it appeared to be the case because of finance and that's broken. one of the fascinating things is the data stillhows u.s product services is pretty strong, despite the problems in housing and finance. and at the end of the day, and according to my bric philosophy, long-term growth is all about the number of people that work and the productivity. so if the u.s. productivity numbers are coming through, the housing market proem, which was vast is towards the end of it

we could go to dirtier fossil fuels like tarsands from canada, venezuela and coal and shale gas, that's more c02. how much c02 can we put up there? so what do we do? we need a new economic vision. we need a new economic game plan. it has to be comprehensive. it has to be compelling. it has to be deliverable. it has to move as quickly in the developing world as it is developed world. it has to get us off carbon in less than 40 years. so the question we need to ask, how did the great american revolutions occur? because that will give us a little roadmap for the kind of economic vision and game plan we have to set out for ourselves. the great economic revolutions in history occur when two things happen. first, when we humans change the way we organize the energy of this planet, and we've had various energy regimes through history. new energy regimes make possible more complex civilizations because that new energy flow allows to us annihilate time and space, bring more people together, differentiate skills, intergrate them in bigger commercial units so we can engage in social life in more c

our experience with shale gas, our experience with natural gas, shows that the payoffs on some of these investments don't always come right away. some technologies don't pan out. some companies fail. but i will not walk away from the promise of clean energy. i will not walk away from workers like bryan. [ applause ] i will not seed, the wind, or solar, or battery energy to china or germany because we refuse to make the commitment here. we subsidized oil companies for a century. that's long enough. it's time to end the taxpayer giveaways to an industry that rarely has been more profitable and double down on a clean air industry that has never been more promising. create these jobs. [ cheers and applause ] we can also spur energy innovation with new incentives. the differences in this chamber may be too deep right now to pass a comprehensive plan to fight climate change. but there's no reason why congress shouldn't at least set a clean energy standard that creates a market for innovation. so far, you have an action. well, tonight, i will. i'm directing my administration to allow the devel

transition jury briefly i know we are short for time and talk about the tremendous opportunity that shale gas has brought to the chemical industry and affecting sector in the country as a whole. president obama highlighted the gas and opportunities that have presented history in the jobs report. the chemical industry in particular stands to gain as they view high amounts of natural gas also for the fuel and power and the stock. given a tremendous number of investments announced along the gulf coast to capitalize on the new natural gas and supplies. we estimate about 17,000 new high-paying petrochemical manufacturing jobs can be created from use of this additional ethane and additional 80,000 indirect supplier jobs and 85,000 jobs associated with the household spending. so it will 182,000 american jobs generated by taking advantage of the methane in the ground to produce a value added products. thank you. >> i want to quickly introduce myself and we are kicking off a partnership with the council for the joint publication of articles. really particularly focused on economic growth in the core,

our experience with shale gas and natural gas, shows us that the payoff from this public investments don't always come right away. some technologies don't pan out. some companies fail. but i will not walk away from the promise of clean energy. applause -- [applause] i will not walk away from workers like bryan. i will not cede the wind or solar or battery industry to china or germany because we refuse to make the same commitment here. we have subsidized oil companies for a century. that's long enough. it's find to end the giveaways to an industry that rarely has been more profitable and double down on a clean energy industry that never has been more promising. pass clean energy tax credits, create these jobs. [applause] we can also spur energy innovation with new incentives. the differences in this chamber may be too deep right now to pass a comprehensive plan to fight climate change. but there's no reason why congress shouldn't at least set a clean energy standard that creates a market for innovation. so far you haven't acted. well, tonight i will. i'm directing my administration to

over the course of 30 years, that helped develop the technologies to extract all this natural gas out of shale rock, reminding us government support is healthy in helping businesses get ideas off the ground. what's true for natural gas is just as true for clean energy. in three years, our partnership with the private sector has already positioned america to be the world's leading manufacturer of high-tech batteries, because of federal investments, renewable energy use has nearly doubled. thousands of americans have jobs because of it. when brian ritterby was laid off from his job making furniture, he said he worried that at 55, no one would give him a second chance. but he found work at energetics, the wind turbine manufacturer in michigan. before the recession, the factory only made luxury yachts. today, it's hiring workers like bryan that said i'm proud to be working in the energy of the future. our experience with shale and natural gas show us the payoffs on these investments don't always come off right away, some technologies don't pan out. some companies fail. i will not walk away from th

we have talked about rocking, thinking about shale gas. there are ways to build those centers. by the way, we can get, we can get other people's money, not only can we get talent, this may seem strange, china, for example, has a lot the morning. they need to develop this for their own development. it's not just a pride or a control. they have to do it energy efficient investment to be able to grow without melting the place. it's an imperative. what we've been suggesting is why don't you spend some of that money in the u.s.? spend the money in the u.s. to get the technology invented. so i think if we could build those sorts of areas we could not only attract the talent, but also the money. but we need to get moving on it. >> i want to switch the policy, because i think between the two panels that we have already had and in looking up with the advanced manufacturing partnership has put out, there really is sort of a common suite, a policy, that we need to undertake year. we've already mentioned on this panel, you know, trade, ip, immigration, skilling. we can easily add infrastru

our experience with shale gas, our experience with natural gas, shows us that the payoffs on these publicnvestments don't always come right away. some technologies don't pan out, some companies fail. but i will not walk away from the promise of clean energy. [applause] i will not walk away from workers like bryan. [applause] i will not cede the wind or solar or battery industry to china or germany because we refuse to make the same commitment here. we've subsidized oil companies for a century. that's long enough. it's time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. [applause] pass clean energy tax credits. create these jobs. we can also spur energy innovation with new incentives. the differences in this chamber may be too deep right now to pass a comprehensive plan to fight climate change. but there's no reason why congress shouldn't at least set a clean energy standard that creates a market for innovation. so far, you haven't acted. well, tonight, i will. [applause] i'm

the course of thirty years, that helped develop the technologies to extract all this natural gas out of shale rock -- reminding us that government support is critical in helping businesses get new energy ideas off the ground. [applause] what's true for natural gas is true for clean energy. in three years, our partnership with the private sector has already positioned america to be the world's leading manufacturer of high-tech batteries. because of federal investments, renewable energy use has nearly doubled. and thousands of americans have jobs because of it. when bryan ritterby was laid off from his job making furniture, he said he worried that at 55, no one would give him a second chance. but he found work at energetx, a wind turbine manufacturer in michigan. before the recession, the factory only made luxury yachts. today, it's hiring workers like bryan, who said, "i'm proud to be working in the industry of the future." our experience with shale gas shows us that the payoffs on these public investments don't always come right away. some technologies don't pan out. some companies fail. but

pennsylvania ii busy drilling for natural gas in the marcellus shale region. to obtain much more natural gas. but its also raising environmental concerns which is the reason maryland hasn't permitted similar drilling.now leaders in two western maryland counties are urging governor o'malley to quickly approve safe drilling. it could be two years before maryland makes a final decision. 3 the big ravens playoff game may be sunday but fans were already out in full force thanks to the ravens caravan. janice park is streaming live at power plant live downtown where the caravan just wrapped up. this ravens caravan went on 18 stops..cheerleaders..ooffcc staff... getting everyone even more pumped for sundays a game. they finally ended here at luckie s tavern. at bill batemans in glen burnie the ravens caravan meant great business and barely any room to stand. cheeeleaders began signing autographs tt dedicated fans starting at 7 am and didn t stop until well past 10 o clock tonight "i'm just so excited, i'm ready, i want them to do it, they're going to do for me, ray ri