of those large suppliers along with exxon mobil and shell and chevron and the other large producers. the thing that's interesting in this particular case is that bp's share has increased since the blowout. and i believe that the government has done that before the e.p.a. shuts it down or temporarily shut them down, to keep bp viable in the u.s. so they could continue to pay the fines that are certainly going to come from the spill itself. >> john: that is a fashion nateing hypothesis. i want to ask you about it. what kind of message does it send to bp when the pentagon awards the company $2.5 billion the same year it spills a record amount of oil in the gulf. were they that hard up for cash to begin with? >> part of the challenge here, during the blowout at least for the government was to keep bp viable so they could pay the costs. at least bp viable in the united states. if you recall, there was a lot of talk during the early days of the blowout about how serious it was and whether bp could either stay afloat in america or stay

and extraction of shale gas with a matter of much information on how the gas is split between shell chevron and ukrainian companies it's classified and it is still not clear if it's going to be profitable plus the companies don't care how harmful it will be to the environment but political battles of size ecologists are the most concerned with a potential threat from the shale gas program they insist it could lead to a full blown catastrophe but whenever they speak out the pro-government media labels them as agents of gas brought. they usually add different cameco to extract more gas from the rocks and so the underground system which provides fresh drinking water is completely destroyed this water is a strategic ecological resource and when one spoil it the area becomes practically non-viable. even in the most optimistic scenario ukraine may see its own shale gas filling its pipes only in a decade from now a college official says they're not against shale gas in principle just a potential environmental impact from which extraction needs to be researched and the service before drilling begin

shell chevron printing company says its class it is still not clear if it's going to be profitable plus the companies don't keer the most harmful reach of the environment but political battles of fries ecologists are the most concerned with a potential threat from the shale gas program which could lead to a full blown script astra feet but whenever they speak out the pro-government media labels them as agents of gas. is a usually and different camels that extract more gas from the rocks and so the underground system which provides fresh drinking water is completely destroyed this water is a strategic ecological resource and one would spoil it the area becomes practically non-viable. even in the most optimistic scenario ukraine may see its own shale gas filling its pipes only in a decade from now ecologists insists they're not against shale gas and grain simple just that the potential environmental impact from its direction needs to be researched and assessed before drilling begins they have already sent a letter to the president the question is whether those at the top will be willing t

between shell chevron and ukrainian companies for this class it is still not clear if it's going to be profitable because the companies don't keer the most harmful it will be to the environment but political battles of the colleges are the most concerned with a potential threat from the shale gas program which could lead to a full blown defeat but whenever they speak out the pro-government media labels them as agents of. the same usually and different camera angles that extract more gas from the rocks and so the underground system which provides fresh drinking water is completely destroyed this water is a strategic ecological resource and when one spoil it the area becomes practically non-viable. but even in the most optimistic scenario ukraine may see its own shale gas filling its pipes only in a decade from now ecologists insists they're not against shale gas and grain simple just that the potential environmental impact from its extraction needs to be researched and assessed before drilling begins they have already sent a letter to the president the question is whether those at the t

more than four hundred billion dollars followed by petro china at over three hundred billion shell and chevron over two hundred analysts say the main reason for gas from plunging value is higher taxes the market also didn't like the company's increase in capital investment and its decision to give it i'm an adult a sailor resteal more room for a down side a pension to gas problem maybe buying. into the ukrainian transportation system and if this scenario he's materializing then there might be an additional don't say . that. i don't have gas last two years. is all that an approximate that will be done though so maybe different before gas so you can in your system is much much bigger and the same price got. you clean your customers the don't cite my being. bought all the upside analysts say gasper may become one of the most interesting dividend stories globally as the company is now changing its dividend policy market players say that they are betting on the gas boom as a huge infrastructure monopoly with high yielding doodles rather than the upstream production company that is doomed for zero f

more than four hundred billion dollars followed by petro china at over three hundred billion shell and chevron over two hundred analysts say the major reason for gas from plunging value is higher taxes the market also didn't like the company's increase in capital investment and decision to dividends and added a say the reseal more room for a downside but pension to gas problem may be buying. into the ukrainian transportation seized him and if this scenario he's materializing then there might be an additional don't say. that. he said don't have gas last two years. because all that in the proximity they'll be done dose of medication before gets so all you can in your system is much much bigger and the same price got. you clean your customers the don't say it might be. bought on the up side analysts say gazprom may become one of the most interesting dividend stories globally as the company is now changing its dividend policy market players say that they are betting on the gas boom as a huge infrastructure monopoly with high yielding doodles rather than the upstream production company that is doom

shell b.p. exxon chevron and others bought all eagle set gins incentives for all chris tracing such a trick or think goes a number of reasons behind why rosneft is looking eastward as you say he's already been west they've made some important strategic partnerships with the likes of exxon mobil and b.p. as we know but the bigger markets if you like the consumer markets for oil and gas to the east china and japan china particularly is a huge market for oil and gas and rosneft already has a supply deal in place we've seen p.c. the state owned chinese oil company and now it's looking to expand its partnership with other companies sign a pack that they've agreed to look at increasing the amount of oil they send to sign a pick. japan clearly is a huge market for oil and gas they don't have any resources of their own and i think rosneft is looking at ways to cement their relationships with these big customers is if they are all staffed as a company how close are these partnerships up to tapping into these gas reserves one hundred percent. critical for rosneft to do what they're doing with chinese and japa

yes, he could get the $85 billion the white house says by taking away energy loopholes, shell and exxons and chevronst, whatever deduction businessmen get writing off private jets. president says you can close loopholes and do modest cuts that gets you to $85, go away with the sequester, move on to the next crisis, which is funding the government. republicans say so we raise taxes as part of the fiscal cliff now you want us -- that's raising taxes, might be a less politically dicey raising taxes but it's raising taxes. you want us do it today. then the big question unsolved about the bigger deficit reduction issues and you're going to ask us to raise taxes a third time. no thanks, mr. president. that's the holy grail. entitlements is democrats' holy grail. we'll be back here every couple months talking about the crisises. >> jess, we talked about he's not interested in the spin or the blame game. he says he's interested in solving problems. we know, you know, very much this president that he is also very politically savvy. what do you make of the statement? >> reporter: well, it's part of the message

chevron. >> or $4.25 at shell. >> whatever the choice and gas station everyone is paying more at the pump.ver's and the bay area are paying almost 50¢ more per gallon than last month. >> since last week stations in oakland went from an average of $3.98 to $4.12. >> in san francisco a jump from $4.60 to $4.20. >> we are going to pay what ever they charge. because we're not going to give up driving. >> $20 to get me a quarter of a tank. i am not getting that anymore. i will be riding my bike soon. i cannot handle this. >> is a big adjustment. >> it is pretty uncomfortable feeling having to dump a lot of money into the tank. i wish i had a hybrid. >> nearly more than 50¢ it has gone up in two weeks. the question is what is going on?. >> aaa expecspeculates part of the reason is converting to winter blend for summer glenn. >> crude oil is higher. when is it expected to go down. right now there is no answer. >> alecia reid kron 4 news. >> the cost curve pistorius murder case when a tool for their with prosecutors making a final effort to keep the olympic athlete in jail. this comes after the le

shell numbers from yesterday. we think exxon will be growth challenged and probably have to face up to that to a certain extent today. chevronhe other hand, does have some growth in front of it. >> you talk about it's too early to get a reliable fill for estimates. just explain, you know, where we go then. >> well, we do see brent oil prices being relatively strong in 2013. you know, we really think that the current price in the environment is supported by fundamentals. but we also do look for continued weakness in refining, particularly in europe, and also to a certain extent in asia. and those factors are kind of offsetting each other. i think it is going to be a year where it's company specific in performance rather than something that's driven by a big macro trend. >> yeah. look, we're going to hear from bp, as well, thx week. and they're trying to, you know, close out the impact from the gulf oil spill. what do you make of what we'll hear from them? >> well, i think there's going to be likely little. i think that's its own set of news events that doesn't correspond to reporting. i think the one thing we'll want to get m