the shale gas first of all we know the story about the u.s. for a large and rather unexpected volumes of shale gas have come to the market where. we are now as an industry looking very hard at what could be the possibilities elsewhere in the world and what i'm hearing. about europe in that respect is that yes there are in geological trying certain possibilities it is not yet quite clear how complicated some of the production will be in europe it could be quite different from the us and our number of environmentalists who surround shale gas. which may also delays some of its development particularly in europe which is more densely populated than most places. and we dare for have to wait and see about the general view is that we will do not expect significant volumes of shale gas to come to the market in europe until at least twenty twenty five or beyond. there maybe some production in some parts of europe before that but that would not really impact the south stream project at all and alan g. well let's wait and see it is true that we have more

and our number of environmental issues around shale gas. which may also delaying some of its development particularly in europe which is more densely populated than most places. and we care for have to wait and see about the general view is that we would not it's. backed significant volumes of shale gas to complete the market in europe until at least twenty twenty five or beyond. there may be some production in some parts of europe before that but that would not really impact the south stream project at all and alan g. well let's wait and see it is true we have more elenchi receiving terminals now in europe than we had let's say five or ten years ago that's good news that gives the market more options more flexibility. but we also have to wait and see how much of that liquefied natural gas is actually coming to europe and much of that will be behind on pricing so we'll have to wait and see i think a large modern pipeline system such as self-esteem is definitely proven to be very competitive that's always been the case in the history of the

more believes that in the west case will be always in a position to produce the local gas from the shale resource but from other side the cost of extraction of the shell gas in the majority of the reserve places where you think if you cry would mean that it wouldn't carry through come people with local service for their faith but otherwise paul is a quality over there is the resources of the shale gas in europe and will. also in the words we give for the things that went with racial population situation as well as the situation with the water supply there it would be quite clear that in europe expectations of the shale gas boom is a politically and realistic and even the as the united states of canada it's a growing income for me. but i went for principle for the believe that the showgirls will take it complimentary or all. use a gift for it and for the development of the gifts and view of the recent tragic events in japan it should be as a bare cops resource. of course that is was with a positive influence on. the interest of the guests well let's talk about china now where you're very

the quality of their is resources of the shale gas in europe and also no worse big difference when. population. the situation with the water supply. will be quite clear is that in europe expectations of the shale gas boom is absolutely on the early stage and even these united. it's a growing problem for me just for the environmental consequences for we believe that show growth will take it complimentary of all the things against water. for the development of the gas and you are the only. actually as a. resource of course to use force there was a positive for influence over the interest of the guests who let's talk about china now where you're very very close to a deal you've actually agreed on a formula however prices are still not agreed upon and there's a deadline given by mr eager search and hopefully before the economic forum how is this negotiation going to happen with one side wanting higher prices the other lower prices who's going to be the tie breaker and nature of. the. market. rules will reduce their risk for more than forty or forty years. the price. of the price. of a d

in addition, these are sandstone and shale. they have been uplifted and faulted and put into the position they are in today. on the cliff face, you can see the bedding of the shale. there are vertical cracks that filled the water and plans is growing. -- and plants are growing. the cumulative effect of the fresh cut with the debris sitting on the ledge, luckily we have a chance there to protect us from rocks going on the street. >> this is one type of rock salt and we will look at a few others. what will we see? >> i think it would be appropriate. we have been talking about rock salt. there is instability that occurs at telegraph hill. this was more in the earth flow and debris flow kind of movement. this moves downhill as a result of the rations from the earthquake. that is where we are headed next. >> here we are on the next stop of our landslide for parent though this is the lagoon ouna a area. this is different from where we all were just add on telegraph hill. this is a whole different concept. tell us what we have to. we

rising demand will have to be met by exploiting shale deposits, pockets of oil and gas locked inside rock formations. germany is rich in shale deposits, but drilling also involves environmental risk because of the dangerous chemicals used to extract the product. it could seep into ground water. environmental groups in germany and the u.s. have vowed to resist efforts to develop shale reserves. >> i am still thinking about that lunch with warren buffett. i hope the stake is good. >> germany is a step closer to getting rid of nuclear energy. the cabinet signed off on a package of bills that will make germany the europe's largest economy that is nuclear-free by% 2022. a power grid will bring renewable energy to homes everywhere in the country. >>c many conservative colleagues used to criticize his negative view of nuclear power. that change with the fukushima disaster. germany plans to exit nuclear power within a decade. >> we are creating a national consensus out of the decades-old issue of nuclear power. >> germany's social democrats have already signaled their approval. the greens ar

the quality of the resources of the shale gas in europe. also no less big difference and when to use the. population. situation as a water supply. it will be quite clear that in europe expectations of the show. is absolutely on the early stick and even the united states. it's a growing concern from just for the better mental consequences for the relieve the shogun take a complimentary role. in the gear from article. for the development of the gas and view of the real. resource of course to do sort of there was a political for influence from over we interest of the guests well let's talk about china now where you're very very close to a deal you've actually agreed on a formula however prices are still not agreed upon and there's a deadline given by mr eager search in june tenth hopefully before the economic forum how is this negotiation going to happen with one side wanting higher prices the other lower prices who's going to be the tiebreaker and. the nature of the. market. rules will reduce their risk for more than forty or forty years. of

is a quality over there is a resources of the shale gas in europe and also. big difference in the went with. population separation. separation was the water supply. will be quite clear in europe expectations for the show. is absolutely on the early stick and even if the united states and. it's a growing trend sort of. for the betterment of consequences for the relieve that will take complementary role. in the gas market. for the development of the gas and you have the real. actually there's a better cops resource of course to get you sort of there was a wealth of positive influence on. interest of the guests well let's talk about china now where you're very very close to a deal you've actually agreed on a formula however prices are still not agreed upon and there's a deadline given by history or search and june tenth hopefully before the economic forum how is this negotiation going to happen with one side wanting higher prices the other lower prices who's going to be the tie breaker but that's the nature of the. market. rules. for more than forty or forty yea

the quality over there is resources of the shale gas in europe and also in the earth we differ when to use racial. population. separation with their water supply where it will be quite clear that in europe expectations of the shale gas boom is absolutely on the realistic and even the united states of. it's a growing demand for this for the betterment of consequences for relieve the break complimentary role. in the gas market. for the development of the gas and view of the. actually there's a backup's resource of course to get you sort of there was worth of will have a positive influence over. the interest of the guests well let's talk about china now where you're very very close to a deal you've actually agreed on a formula however prices are still not agreed upon and there's a guideline given by history or search in june tenth hopefully before the economic forum how is this negotiation going to happen with one side wanting higher prices the other lower prices who's going to be the tie breaker and what the nature of. the. market. rules will reduce their risk from was over forty or fort

underlies the quality of the resources of the shale gas in europe. also in the us big difference in the rent we just leave the. population the separation of the situation with the water supply. it will be quite clear that in europe expectations of the shale gas boom is a politically on the realistic and even these united states of canada it's a growing trend for me. but i whimper principle to relieve the bake compliment that all. we would get for it and for the development of the gas and view of the recent project in japan actually has a better cops or resource. costly and sort of there with a positive for influence over what of interest was a guess well let's talk about china now where you're very very close to deal you've actually agreed on a formula however prices are still not agreed upon and there's a deadline given by history or search in june tenth hopefully before the economic forum how is this negotiation going to happen with one side wanting higher prices the other lower prices who's going to be the tiebreaker and what. the. market. rules w

it will be quite clear is that in europe expectation of the shale gas boom is a politically on the early stick and even the as the united states of canada it's a broad imprint thirty or thirty. years later when for relieve the show go through break it complimentary or. use a gift for food and for the development of the guests in view of the recent tragic events in japan actually as a black ops resource. of course the source there was a positive influence on the overall interest of the gas well let's talk about china now where you're very very close to a deal you've actually agreed on a formula however prices are still not agreed upon and there's a guideline given by mr eager search in june tenth hopefully before the economic forum how is this negotiation going to happen with one side wanting higher prices the other lower prices who's going to be the tie breaker and but that's the nature of. the. market. rules will reduce their risk for more than forty or forty years. the price. the price. in different parts of the world is a little bit different but the most important is that we have a p

but the extraction of shale gas could boost global natural gas resources by 40%.ing for ways to lessen their reliance on imported oil and gas. poland has announced a major investment in shale gas to break free of dependence on russia. and their efforts were backed by president obama during his visit there last weekend. >> shale gas is an important opportunity. it has to be developed in a environmentally secure and sensitive way. what we want to do is to be able to share our expertise and technology with poland in a fully transparent and accountable way. >> now, last month an energy committee for britain's house of commons found that there was no evidence that the deck 'nique of fracing was unsafe. the chairman dismissed fears as hot air. chris? >> cbs' charlie d'agata in london for us this morning. thank you. good to see you. >> stay with us. we'll be right back.,,,,,, we spend a lot of time together. well mainly in traffic. i'm serious. we've been together, what, a super long time. true. and at first it was all business, you know, i'd take him here, i'd take him

martin o'malley announced a study of more salus alis shale rseilles' list drilling. there are concerns about unintended consequences, including contamination of water. gov. martin o'malley wants to ensure safety first. state lottery officials reported a hollywood casino in. phil brought in more than $9,600,000 -- the casino in perryville brought in more than $9,600,000. >> and now, your 11 insta- weather plus forecast with chief meteorologist tom tasselmyer. >> the sixth of june in baltimore, and normal high temperatures are riding around the 80-degree mark. but on this sixth day of june, we pushed past that a bit. 86 at b.w.i. marshall and 87 at the inner harbor. not feeling too terrible when the humidity levels stay in check. that will all evolve into a classic mid-atlantic heat wave in the next few days. record high for today, 99 degrees in 1925. the record low, 46 in 1997. the pollen count, high to moderate for tree and grass pollen. a very high amount of mauled in the atmosphere, 1628. -- mold in the atmosphere, 1628. we will continue to have clear skies tonight

it is predominantly sandstone and shale. it was the shape of a dome. it was dome shaped. because san francisco was growing, because they needed the dike, that allowed miners to come in and open quarries. and they blasted. they had no concern about environmental issues, no concern about how they would leave the quality of the rock. as a result, they opened up fractures in the rocke. even today, we are paying for their mining negligence. we read it just last year where 455 vallejo, there was a rockslide that affected properties on broadway and montgomery. at rock slide occurred because of blasting that occurred back in the turn-of-the-century that left the rock week. 100 years later, the weak rock cannot stand there anymore and it fell. this slide is a long sansome street, where the city chose to protect sansome street and the cars, and they built this catchment wall. the sole purpose of this wall is to catch rocked that falls from private property. >> and every year or two, we get a call saying that rocks have fallen down the road and spilled over. this is the famous slide

that was primarily from the shale. one good american can lead, and we must not squander our advantages. [applause] estimates are that we have a 100-year supply of natural gas through the shale and other sources if we do not over regulate it. and that is a pretty big "if." there is so much natural gas now that some of the companies have applied to export it from the u.s. just a few years ago we were importing it and now we can actually export it. do you know what that does for the trade deficit? it helps, and it is good for america. [applause] the benefits of the shale production should not be understated. they reduce our independence -- our dependence on foreign energy sources and provide high-paying jobs in areas where we have such high unemployment. and also, they have the honor -- the ability to increase the use of natural gas not just for electricity, but for the transportation sector. in addition to maintaining regulation for onshore resources, we must do the same thing for our offshore resources. history shows th

. >> stephen: it breaks up like shale deposits and that relayses -- >> it relayses the natural gas. >rrect, you're got it one of the things i like about this is that during the bush administration, vice president cheney's energy task force made sure that the gas companies did not have to reveal what the chemicals were that were being pumped into the ground. now it's been reported that some of the things like kerosene, benzene, uria, taluine, how many of those can i feed myed to em ever-- toddler? (laughter) it's perfectly safe, right? (cheers and applause) >> you would an becausing your kids if did you so let's just put that away. when people talk about chemicals they're really talking about water quality, in legitimately everybody is worried about water quality. there is no question about it. but the fact of the matter is, lisa jackson, the epa administrator acknowledging that we have been losing this process since the late 40s. there have been over a million wells dug that have been frakked and there is not a single case with those million wells that any of that material has ever po

contain what appeared to be the remains of a mayan leader surrounded by potty -- pottery, jaidon and shale it has not been well investigated here. the city was growing and all the strunths of the city were modified. it is difficult to identify the original occupation, the original dynasty of the city. >> the chamber has been untouched for thousands of years. it is located in an ancient city in southeast mexico. the mayans flourished between the third and the 10th century. "bbc news." >> in argentina the adopted heirs to the country's main media group have given d.n.a. samples. the tests were ordered earlier this month. they said they wanted to put an end to what they called the harassment of themselves and their adoptive mother. >> you're watching "bbc news." our main headlines. in syria at least 15 people have been killed in the latest mass protests calling for the removal of president bashar al-assad. the u.s. has refused to authorize military operations in libya. let's get more now on the protests in syria. i have been speaking to a 47-year-old mother of two from a city where there were

. >> woodruff: tom bearden reports on a controversial method of extracting natural gas from shale rock. . >> some people here in western colorado believe a national gas production technique called f >> brown: ray suarez examines allegations of war crimes committed by the sri lankan government near the end of the country's 25-year-long civil war. >> woodruff: and we continue our collaboration with "the economist" magazine to highlight the art of filmmaking. tonight, letting kids be kids in a skating park in war-torn afghanistan. >> there's nothing like watching an afghan woman go down a ramp for the first time. she's achieved something that she never thought she would. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: >> i mean, where would we be without small businesses? >> we need small businesses. >> they're the ones that help drive growth. >> like electricians, mechanics, carpenters. >> they strengthen our communities. >> every year, chevron spends billions with small businesses. that goes right to the heart of local communiti

firm canaccord upgraded shares and boosted its price target to $85 thanks to cabot's production of shale natural gas in pennsylvania. we mentioned earlier exxon's announcement it found two major deep water oil discoveries in the gulf of mexico. shares were up 1% on strong volume. exxon was among the strongest dow industrial component. other gainers inside the dow were among the highest dividend verizon gained 1.5%. johnson & johnson stock was up 1%. were among the highest dividend payers as investors seek some safety. speaking of yields, the interest rate on the 10-year government bond fell back below 3%. bonds have rallied this month as stocks have weakened. no doubt about it. investors continue pouring money into bonds. how much money? take a look. $3.1 billion were taken in by bond mutual funds in the past week, according to the investment company institute. at the same time, investors pulled just over $1 billion out of u.s. stock mutual funds. after the close tonight, semiconductor maker texas instruments cut its second- quarter outlook. shares were down about 2% before that announce

marathon oil will pay $3.5 billion for land in a south texas shale oil area. the seller is a joint venture which includes private equity firm k.k.r. marathon shares fell almost 3%. meantime, sealed air dropped almost 7% after announcing a $2.9 billion deal to by a private cleaning products company. the market didn't like the price. finally, american airlines picked up its lawsuit against its former business unit sabre holdings. the two had been negotiating over how american airline tickets are distributed and sold. meantime, after the close, an illinois court ordered american to put its ticket information back on travel website orbitz. orbitz shares heading lower since december when american pulled its flights off orbitz. continuing this downtrend. after tonight's ruling, orbitz stock shot up to over $3 per share. one to watch tomorrow. and that's tonight's "market focus." >> tom: the health care sector has been a port in the recent stock selling storm. our street critique guest is hillary kraemer, editor of game changer stocks. always nice to see you. health