there are a bunch of reasons shale came back. one big reason is the permian basin which i don't have to defined you guys, no secret oil was in the permian which had its first boom a century ago but they thought it was mostly tapped out until entrepreneurs began to phrack around 2010. the former chief executive of pioneer said the permian could hold 7 billion barrels of oil second only to saudi arabia's legendary scott warfield, technology also a second reason, technology will dramatically reduce the cost of fracking reshaping the financial firms so companies can make money even with low oil prices. and this isn't happening yet. 's companies are losing money. it wasn't just the rediscovery of the permian that helped restart the oil bill and the most important factor that started boom in the first place, it came back because wall street was there and he pointed out that in 2017 american fracking companies raised $60 billion in debt, 30% since 2016. i'm not smart enough to see how well this ends. one of the humbling realizations in

as interest res rise this is as good as it gets for the american shale boom perps. centered around an industry loaded with debt. those stories and more tonight on nightlyusiness report for this thursday, october the 11th. >>> and good evening, eryone. and welcome. there is only one way to describe todayug . and there is only one way to describe the past two days, ally ugly. the selling was widespread. the volume heavy, the marketcoas gripped by fears of rapidly rising interest rates, g possibbal economic slowdown and high tech valuations. and accordingo one tallies in now the worst start to a fourth quarter since 2008. the dow jones industrial average shed 545 points. to. 250 the s&p dropped and nasdaq dropped. the bob pisani at the new yor stock exchange tells us what's behind the selling and what's gettinhit. >> wall street's streep selloff bled over today with the dow tumbling. ending down about 500. moving between gains and losses in choppy trading. but rates continue to be the main driver overall. the markets looked to the holdingil steady u 2:30 eastern time w

we are unleashing the power of pennsylvania shale, and clean beautiful pennsylvania coal. beautiful, beautiful, clean

traffic light monitoring system works right now think of it as the government's dangerous scale for shale gas extraction anything i have a nor point five on the richter scale is classed as a red light event and means an immediate suspension to drilling so drill now once the red light event to be anything starting from two. two point zero on the richter scale environmentalist on so sure where could reduce fracking at the moment it's a worrying situation and it seems to be going very slowly and cautiously as they should. if you if you then over ground all terrain that's already been historically weakened significantly by a historic coal extract conses consequences could be very devastating. and that effectively covers the entire bottom fill you hold of the for king licenses in this country knows where the real problem is. the fracking fam has reasons to be hopeful though over the summer the u.k.'s energy minister said that the current monitoring system is cautious and could be adjusted up puts but the government came to prove that its policy of supporting shale gas extraction is bearing fru

adjusted op woods where the government came to prove that its policy of supporting shale gas extraction is bearing fruit a change in the safety threshold could mean christmas coming early for the fracking frustrated by delays. incredible pictures coming out of a northern italian region following devastating floods which leave almost a dozen dead we've got much more this wednesday morning here from r.t. h.q. coming in moments. in twenty four to you know bloody revolution to correct the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it just a lawyer here i mean you are liz put video of me in the. school and you go to the former ukrainian president recalls the events of twenty four. of those who took part in this today over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. lawmakers manufacture consent to stick to the public will. when the ruling classes protect themselves. in the final merry go round be the one percent. we can all

what happens when a company's just been given the right to start shale gas extraction but tiny earthquakes keep getting in the way that's the situation in lancashire in the north of england where energy company quote driller after months of legal wrangling and protests. started commercial exploratory fracking two weeks ago since then there have already been two so-called microseismic events microseismic enough to hold drilling. a boss of course driller has the government should just relax the rules and allow the company doing the fracking to frack on even after larger tremors because all the reports of seismic activity are scaring people it may well be that we have reached that time not only for the u.k. show gas industry but also to address the concerns of local people who are becoming increasingly worried by reporting of tiny movements in the earth which occur thousands of times across the u.k. every day as if they were harmful so here's how the traffic light monitoring system works right now think of it as the government's danger scale for shale gas extraction anything i've a nor point

the energy firm cuadrilla has resumed the process of fracking for shale gas in lancashire. uk since 2011 when the process was linked to two small earthquakes near blackpool. the controversial work involves pumping liquid underground at high pressure to fracture rocks and release natural gas. dozens of protestors gathered near the site as the work got underway today, as our correspondent danny savage reports. waving placards, embedding arms into lumps of concrete. refusing to come down from scaffolding on top of a van, which they chained themselves to. the fracking may have started again but the protests have not stopped. we have to stop using fossil fuels and we need to stop now. i am an old granny, right, but i have to be here because it is going to affect our grandchildren and we have to stop it. pamela sloane taught geography locally for more than 40 years and has spent many days here. kids in lancashire are now adults and they know that global warming, climate change is real and this is part of it and we have to keep fossil fuels in the ground. within this site, deep un

sit—down protests in lancashire as fracking for shale gas begins again for the first time in seven yearse duchess of sussex is expecting her first child in spring next year. kensington palace said she and prince harry were delighted to share their news. hello and welcome to our look ahead to what the papers will be

williston is sitting atop one of the largest shale oil fields in the nation company's rest tracepoint this new energy resource period thirty two miles below the first surface oil soon flows freely and news spreads the wildfire for the ones left behind by the crisis of two thousand and eight relisted seems like their last chance for you in life with an unemployment rate of zero percent and wages it three or four times more than the national average the promise of prosperity and desperate times is too great to ignore cheered by a common hope thousands of men and women throw themselves once again into a desperate rush towards the mythical american tree and at any cost. history repeats itself in the midst of his new book no doubt the most impressive in u.s. history. they need there's more work out here than they got able to do it. i don't believe. i. still believe there's a dream where you take it you still believe. it's like gold rush is very very similar to a gold rush. palmer is fresh out of cincinnati in two thousand and twelve after being unemployed for months he hears about the boom

cautious and could be adjusted puts but the government came to prove that its policy of supporting shalegas extraction is bearing fruit and changing the safety threshold could mean christmas coming early for the fracking frustrated by delays. now if you're a lover of luxury cars look away now hundreds of things have been destroyed by fire in the northern italian port city of savannah. it seems those cars were awaiting export to new owner when seawater flooded the storage area they're being kept in made those batteries short circuiting explode then you get the fire it leaves been hit by those huge deadly storms the last few days it's caused widespread flood flooding and damage and this is another example of it although rather unexpected has to be said because the weather was looking so far this afternoon twenty six minutes past five or so much more of our c dot com we've got the latest news about the struggle journalist on there as well from check it out for no moscow it's kevin i would say thanks for watching. what politicians do listen to them. they put themselves on the line they did a

of exploratory drilling for shale gas there are twelve tremors this week alone and bear in mind there's only been a week of drilling so far so not the best start to the government's shale gas revolution here in the u.k. but ministers are determined to crack on with it so much so it's been revealed by the guardian that the government's energy minister claire perry held a private meeting with energy firms earlier this month which she failed to record on the government's transparency register and thanks to a freedom of information request the guardian found out that at that meeting she said that the government hopes to create a u.k. model for shale gas extraction which can be exported all around the world but given this latest seismic incident in lancashire one might argue that that model needs a bit of improving. we asked the department for business energy and industrial strategy for comment on the ministers meeting it told us that the meeting was a presentation to industry unions and community groups are in a vent and therefore not disclosed as a ministerial meeting there is want to stre

model for shale gas extraction which can be exported all around the world but given this latest seismic incident in lancashire one might argue that that model needs a bit of are improving. we asked the u.k. government for comment on the minister's meeting it told us that it was a presentation to industry groups at an event and for not disclosed as a ministerial meeting it goes on to stress that the u.k.'s energy minister has always been clear about the need to maintain a high regulatory standards. for a king campaign team louise rather retold us that she's not convinced by the government's assurances what clip kerry will have been discussing i would imagine with industry was how smooth she could make all of them if she eases planning restrictions you know weird kind of point with the size of this point by and she was talking about raising that level so that they could cause a lot. of having to shut down you know we are this is an industry that's got off to a very bad start seven years ago and has yet to redeem itself and when they talk about exporting our expertise what. it would take d

they wa nt to of shale gas under this ground.izzy and that is correct and whether they could carry out fracking on a commercial scale here. if they did want to do that, they would need to seek further licences. they say that everything is said, but that will not convince protesters, who say that the cost of the environment is too great. the headlines on bbc news... kensington palace say the duchess of sussexis kensington palace say the duchess of sussex is expecting a baby in the spring of next year. jeremy hunt insists a deal can still be struck over brexit, though he admits there are outstanding issues. and fracking for shale gas is due to resume in the uk for the first time since the process was linked to small earthquakes near blackpool seven small earthquakes near blackpool seve n yea rs small earthquakes near blackpool seven years ago. in sport, scotland manager alex mcleish said he is determined to turn things around after they lost 3-1 at turn things around after they lost 3—1 at hampden park to portugal in a friendly. 60

the energy firm, cuadrilla has begun fracking for shale gas in lancashire again.d two small earthquakes near blackpool. the work involves pumping liquid underground at high pressure to fracture rocks and release natural gas. dozens of protestors gathered near the site as the work got under way. danny savage is there for us. danny? it interesting that ministers have declared this as green gb week, and the government says it is seeking guidance on how to achieve a zero emissions economy in waste doing it yea rs emissions economy in waste doing it years to come, but there is new way of the developing a fossil fuel is being developed here lancashire. in contrast, the company says there is huge demand for natural gas, it powers our boilers at home, and there will be demand for decades to come, but the protest is here today who were blocking the gate behind me until a few moments ago see the fracking here in lancashire is sending out the wrong message. waving placards, embedding arms into lumps of concrete, refusing to come down from scaffolding on top of a van which th

fracking for shale gas could begin in the uk for the first time today. ground breaking approach to surgery — scientists say they're close to working out a sat nav for the brain. the value of dyslexic skills. we chat to a former dragon about why those with dyslexia are uniquely suited to business, but a new report says they're being overlooked. the pressure intensifies on scotland manager alex mcleish as they lose to portugal — it's their sixth defeat in eight games. imac is the national motor mode —— museum. ——i am at. lots of cloud and outbreaks of rain. if anything truly nice in the forecast? join me here on breakfast. it's monday october the 15th. our top story — it's the start of a crucial week for brexit negotiations with theresa may set to face her cabinet and european leaders in brussels after a day of dramatic, but disappointing negotiations yesterday. the government insists that the uk can still make progress in the divorce talks despite serious unresolved issues — including the irish border. our political correspondent leila nathoo is in westmi

they don't want the shale.re's a lot of hypocrisy going around. >> dana: one last point on the arms deal. it is about money. we get the money in the jobs but it's about something else. if a country is buying arms from us, that means our -- they are dependent on us for parts and all the of the things. we get a benefit out of it because it means were the dominant player in the region. do we want someone like saudi arabia to buy weapons from china or russia and become dependent on them rather than us? no. that would be foolish. >> juan: i think we have some standing in terms of our morals. >> greg: morals are overrated. >> kennedy: they need us more than we need them and we need to behave accordingly. >> juan: a debate raging over calling protesters mobster that's ahead right here on "the five" ." (engine roaring) (horn honking) okay, okay, okay... (clatter) ( ♪ ) feeling unsure? oh... (nervous yelp) what if you had some help? introducing the new 2019 ford edge with the confidence of ford co-pilot360 (tm) technolo

next week the controversial process of horizontal shale fracking is due to start for the first time inried out in britain before. but protestors have now sought a last minute injunction to try to stop the fracking getting underway at the major site near preston in lancashire. our north of england correspondent, judith moritz, is there for us toninght. deep in the heart of the lancashire countryside, there is a new feature on the landscape. pipeline and pumps... and a huddle of engineers and geologists. this is a fracking site and it is the first time the energy company has allowed cameras to see the machinery here. two years ago, this was just a farmer's field, now the equipment is in and the company said they are ready to start fracking within days. and it could make an impact far beyond here cause the kind of shale that is suitable for fracking extends across the whole of the north of england. the company says it has the potential to power the uk for decades. as they are fracturing this, it makes noises at the fractures open. upstairs in the monitoring room, computers show the wells

the energy firm cuadrilla is hoping to begin tracking fish shale gas later today. —— fracking for shaled the process has been tried since it was linked to two small earthquakes near blackpool seven yea rs earthquakes near blackpool seven years ago. richard lister reports. this drilling rig in rural lancashire is now the front line for fracking in the uk. after years of debate, delays and demonstrations, worked at the cuadrilla plant has now restarted. but the protesters haven't stopped. they blocked the road next to the site this morning. the atmosphere was subdued. those here believe that fracking is a danger to those living nearby, and the wider environment. danger to those living nearby, and the wider environmentlj danger to those living nearby, and the wider environment. i feel quite angry that they are forcing this is. we don't want it. there is no social license. we just want them to go away. we really don't need it. it is harmful to the climate, harmful to health and harmful to the land. harmful to the climate, harmful to health and harmful to the landm is just pointless. health

shale production. states typically is quite a significant swing producer. put an upside cap on prices. if you are a betting man, there's a strong evidence for price stability around that $70 mark. demand is still very strong. we've got supply-side concerns. and we just don't know what is going to happen with trump on a day-to-day basis. u.s. inventories have been climbing. almost at that five-year average now. what are the implications that there's a gap between wti and brent? >> we do see that cap opening up on occasion. the united states is in a sound position because of the domestic shale industry. if prices ease off, we can see that production level drop off significantly. typically u.s. shale producers have a higher net cost production than the opec producers. in the past it has been as high as $80 a barrel plus. they are generating a reasonable margin now. if oil prices drop, margins can be cramped. some of the production can be sidelined once again. haidi: whether it is brent or wti, we are seeing oil prices on an uptrend. this chart on the bloomberg

the energy firm quadrilla has begun fracking for shale gas in lancashire for the first time since 2011the process was linked with earthquakes near blackpool. it is controversial work involving pumping liquid underground at high pressure to fracture rocks and release natural gas. protesters gathered near the site as work got under way. waving placards, embedding arms into lumps of concrete. refusing to come down from scaffolding on top of a van, which they chained themselves to. the fracking may have started again but the protests have not stopped. we have to stop using fossil fuels and we need to stop now. i am an old granny, right, but i have to be here because it is going to affect our grandchildren and we have to stop it. pamela sloane taught geography locally for more than a0 years and has spent many days here. kids in lancashire are now adults and they know that global warming, climate change is real and this is part of it and we have to keep fossil fuels in the ground. within this site, deep underground, drilling and pumping for gas is now under way. fracking here involves drilli

what happens when a company's just been given the right to start shale gas extraction but tiny earthquakeskeep getting in the way that's the situation in lancashire in the north of england where energy company quadrillion after months of legal wrangling and protests. started commercial exploratory fracking two weeks ago since then there have already been to microseismic events microseismic enough to halt drilling. u.k. shell gas industry but also to address the concerns of local people who are becoming increasingly worried by reporting of tiny movements in the us which is thousands of times across the u.k. every day as if they were harmful so here's how the traffic light monitoring system works right now think of it as the government's danger scale for shell gas extraction anything over nor point five on the richter scale is classed as a red light event and means an immediate suspension to drilling so for drilling wants the red light event to be anything starting from two point zero on the richter scale environmentalists aren't so sure where quite true is for a king at the moment it's a wo

s shale revolution and ministers are nevertheless determined to crack on with it so much so that it's been revealed in the guardian that the energy minister here in the u.k. can. perry she had a meeting with fracking earlier this month which she failed to record on the transparency register where she apparently told fracking firms that the government hopes to create a u.k. model for shale gas extraction which can be exported all around the world but given this latest seismic incident it looks like that model could use a bit of improving defrocking campaigner louise rather a fall into the government's corporation with the fracking industry deeply concerning. what claire perry will have been discussing i would imagine with industry was how smooth she could make it for them if she eases planning restrictions and. have worked with the regulators to make it a lot simpler i mean she was talking about you know were to kind of point with the size of this point by and she was talking about raising that level so that they could cause a lot more seismicity for having to shut down you know we are

s shale revolution and ministers are nevertheless determined to crack on with it so much so that it's been revealed in the guardian that the energy minister here in the u.k. can. perry she had a meeting with fracking earlier this month which she failed to record on the transparency register where she apparently told fracking that the government hopes to create a u.k. model for shale gas extraction which can be exported all around the world but given this latest seismic incident it looks like that model could use a bit of improving what we asked the department for business and their g. and industrial strategy for comint it told us that the meeting was a presentation to industry unions and community groups and snow events and therefore not disclosed ministerial meeting it also stressed that the u.k.'s energy minister has always been absolutely clear about the need to maintain high regulatory standards but campaign tina louise rothery is deeply concerned by the government's approach to fracking. what claire perry will have been discussing i would imagine with industry was how smooth she

british shale gas company cuadrilla confirms it has begun hydraulic fracking for natural gas at its siter the next three years, according to the latest research from the ey item club. it says a no—deal brexit could dent growth even further. if the forecaster‘s prediction turns out to be accurate, 2018 would be the worst year of growth for the uk economy since the financial crisis. accessories chain claire's is reported to be considering closing some of its uk stores. the press association said the high street chain was talking to restructuring firms about "a number of options". the chain has more than 370 stores in the uk, according to its most recent accounts. a spokeswoman for claire's said closing underperforming stores was "part of normal business practice". sears, once the biggest retailer in the world, has filed for bankruptcy. the firm has been closing stores and selling properties as it struggled with debts of more than £45 billion. the company has suffered, along with many other traditional retailers, from rising online competition from firms such as amazon. in its heydey the fi

s shale revolution and ministers are nevertheless determined to crack on with it so much so that it's been revealed in the guardian that the energy minister here in the u.k. can. perry she had a meeting with fracking firms earlier this month which she failed to record on the transparency register where she apparently told fracking that the government hopes to create a u.k. model for shale gas extraction which can be exported all around the world but given this latest seismic incident it looks like that model could use a bit of improving. joining us now is tina louise. campaign one member of free lancaster thanks for joining us tina good to have you on the program. the locals concerns about these tremors being felt i mean do you know anyone that has actually felt these traumas or maybe of you experienced them yourself. the tremors that we're currently having i believe has been seventeen so far and not felt tremors we don't feel them above ground but it doesn't mean that there is nothing dangerous happening as a result of those tremors first star it's highly indicative of what we can ex

the energy firm, cuadrilla has begun fracking for shale gas in lancashire. blackpool seven years ago. richard lister reports. this drilling rig in rural lancashire is now the front line forfracking in the uk. after years of debate, delays and demonstrations, work at the cuadrilla plans has restarted but the protesters haven't stopped. they have blocked the road next to the site this morning, the atmosphere though, was subdued. those here believe fracking is a danger to those living nearby and for the wider environment. i feel quite angry that they are forcing this on us. we don't want it, there is no social license, we want them to go away. we don't need it. it is harmful to the climate, harmful to health and the land. it is pointless. fracking involves drilling vertically and then horizontally before pumping water, sand and chemicals at high pressure into shale rock, which has gas trapped inside it. when the rock fractures, the gas is released and brought to the surface. it is a technique perfected in the united states and now accounts for two thirds of us

energy firm cuadrilla has resumed the process of fracking for shale gas in lancashire.o small earthquakes near blackpool. the controversial work involves pumping liquid underground at high pressure to fracture rocks and release natural gas. dozens of protestors gathered near the site as the work got underway today, as correspondent danny savage reports. waving placards, embedding arms into lumps of concrete. refusing to come down from scaffolding on top of a van, which they chained themselves to. the fracking may have started again but the protests have not stopped. we have to stop using fossil fuels and we need to stop now. i am an old granny, right, but i have to be here because it is going to affect our grandchildren and we have to stop it. pamela sloane taught geography locally for more than a0 years and has spent many days here. kids in lancashire are now adults and they know that global warming, climate change is real and this is part of it and we've got to keep these fossil fuels in the ground. within this site, deep underground, drilling and pumping for gas is n

fracking for shale gas will not begin today after bad weather caused delays.uadrilla has drilled two wells at its site in lancashire, and will try to start again on monday. the company was given the go ahead to start fracking after a failed legal challenge. campaigner bob dennett took his fight to the high court but lost the case. it will be the first instance of fracking in the uk since 2011 when it was linked with earthquakes. let's go now to linsey smith, who joins us from the preston new road site. it is pretty windy there, no great surprise that they have had to call it off. it is, as you say, though whether it is the only thing that stopped fracking commencing today and there will be many attempts to stop it over recent years and weather permitting it shall go ahead on monday. if we take a few steps back, fracking is the process of forcing a liquid underground at high speed, high pressure, to break the shale rock underneath the earth's service, and in doing that it releases gases and oil that can be harnessed as fossil fuels. they have been many attempts

the energy firm, cuadrilla, has resumed the process of fracking for shale gas in lancashire.place in the uk since 2011 when the process was linked to two small earthquakes near blackpool. the controversial work involves pumping liquid underground at high pressure to fracture rocks and release natural gas. dozens of protestors gathered near the site as the work got underway today, as our correspondent, danny savage, reports. waving placards, embedding arms into lumps of concrete. refusing to come down from scaffolding on top of a van, which they chained themselves to. the fracking may have started again but the protests have not stopped. we have to stop using fossil fuels and we need to stop now. i am an old granny, right, but i have to be here because it is going to affect our grandchildren and we have to stop it. pamela taught geography locally for more than a0 years and has spent many days here. kids in lancashire are now adults and they know that global warming, climate change is real and this is part of it and we have to keep fossil fuels in the ground. within this site,

the energy firm, cuadrilla, has started fracking for shale gas in lancashire.round at high pressure to fracture rocks and release natural gas. it's the first time the controversial process has been tried, since it was linked to two small earthquakes near blackpool seven years ago. our correspondent richard lister has the latest. this drilling rig in rural lancashire is now the front line for fracking in the uk. after years of debate, delays and demonstrations, work at the cuadrilla plans has restarted but the protesters haven't stopped. they blocked the road next to the site this morning, the atmosphere was subdued. those here believe fracking is a danger to those living nearby and for the wider environment. i feel quite angry that they are forcing this on us. there is no social license, we want them to go away. we don't need it. it is harmful to the climate, harmful to health and the land. it is pointless. fracking involves drilling vertically and then horizontally before pumping water, sand and chemicals at high pressure into shale rock, which has gas trapped

a key area to watch. , talking about execution of shale in the u.s.ting worse in some capacity. so we are overestimating how much shale oil can produce in the u.s.. david: is this drilling new wells? alix: a bunch of things. one is a parent-child well. that is actually causing execution issues. david: i have seen that on your graphics. hasbro, fornow, that will bring in brooke sutherland. >> they are our their earnings reporting and missed big. the stock down and the culprit is the fallout from toys "r" us. this is a bit of a surprise because analysts expected the impact from this to be waning and that we would stop hearing so much about toys "r" us being a negative for hasbro and mattel sales. but this quarter they saw a big drop in u.s. and canada. they say they are making a lot of process that progress. they admit they are behind the ball when it comes to international sales. a 24% drop. europe they are having a difficulty adapting to changing consumer behavior. you have the influx of online sales of toys and a shift in preference. kids want more g