this is unacceptable. >> i want to play a clip from a recent interview with bill loveless by shell oilo. president marvin odum. >> we should be honest about the fact is real. >> the oil industry often, generally speaking, and if the administration of roping off all access to oil and gas offshore oilwaters, and your company has been able to get this rather large project from the demonstration proved >> i think it is the recognition of how strategically important alaska is to the u.s. and u.s. energy security. if you go to the government estimates, we're talking about 25 billion barrels plus, potentially in this part of the arctic. that could be oil for the u.s., energy security for the u.s., as well as the jobs and economic benefits that go along with it. i think what we see in the administration is the recognition this is a strategic resource. and if we can do the right way, is to be developed. >> that was the shell oil president marvin odum rita >> precisely the point, if we can do it the right way. i will tell you where we are. drilling is moving forward. the first thing it requires

the bad shell oil last week the obama administration gave the green light to oil companies like shell to start oil drilling in the arctic but if the company causes an oil spill they have no idea what to do about it when asked about the possibility of an oil spill in the arctic shell so that their plan would be to end counter there were ninety five percent of the oil in open water before it could wash ashore but they have no plan on how to actually collect and control the oil spill once they encounter it in fact a spokesman for shell oil said we never made claims about the percent we could actually recover because conditions vary of course if you think shell would have come up with methods to prevent or at least control oil spills especially since the gulf disaster but they clearly have. and a very very ugly mike mel's own since the supreme court's ruling on obama. kara last thursday conservatives across the nation if they weighed in on that decision. that includes mike mills own the founder of the merrimack tea party merrimack new hampshire own posted his take on the decision on faceb

shell oil has bet billions and billions that there is a bonanza of oil there.ns it, who can own the oil underneath it. this is an incredibly harsh place, though, to operate. there are huge risks. it's amazingly expensive. miguel marquez went to far northern alaska. it's a major series for us which begins tonight to see if all this adds up. >> reporter: it is a massive gamble. if it pays, shell oil will reap the benefit of being the first to establish a new market for oil in one of the harshest climates on earth. >> we will be drilling these wells like they are the most complex, most difficult wells we've drilled in company history. >> reporter: the plan to sink two exploration wells into arctic waters. one in the beufort sea, the other in the chukchi. at least 26 billion barrels of black gold. enough to supply 10% of america's energy needs. >> if shell really hits something this summer, then i think things will heat up more. >> reporter: it's going to be a gold rush for oil? >> it will be an undersea gold rush for oil. >> reporter: but some of the native people

if it pays, shell oil will reap the benefit of being the first to establish a new market for oil in one earth. >> we will be drilling these wells like they are the most complex, most difficult wells we've drilled in company history. >> reporter: the plan to sink two exploration wells into arctic waters. one in the beufort sea, the other in the chukchi. at least 26 billion barrels of black gold. enough to supply 10% of america's energy needs. >> if shell really hits something this summer, then i think things will heat up more. >> reporter: it's going to be a gold rush for oil? >> it will be an undersea gold rush for oil. >> reporter: but some of the native people who live here fear in the oil starts to flow their way of life could be threatened. >> our subsistence for the winter, it all come from the ocean, the fish and the whale. it's going to ruin our ocean. >> reporter: this woman has lived in this tiny eskimo community her entire life. she's doing what she's done for years. preparing a seal skin to be made into winter boots or mutlooks as they call them here. >> when you're 79 years

when shell oil drills exploratory wells this summer off alaska's north slope, potentially u.s. gain that will test shell's technical abities, above all ice will be one of the biggest challenges. >> we do recognize, we're going to be working in ice. and our assets are developed to work in ice. >> reporter: drilling the exploratory wells in the bove arrest and chucky seas. the rigs can float free in the event of an emergency. this is america's last frontier in the world. and shell finds what it thinks it will under the ocean this summer, it will cause a gold rush of gold rush for oil for decades to come. that will mean permanent production wells. they'll be heavy and very big. fully enclosed, cement and steel structures so workers could survive year-round. hover crafts over ice. as tons of ice crushes in, it would run up the side and curl back on itself. but it's now that people here worry about. >> they have to promise me that there won't be no spill. >> reporter: along with the oil rigs, shell has 15 vessels dedicated to clean-up if there is a spill. the problems, say people he

team he's a good leader the montra good to see kids are we've made a peaceful campaign against the shell oil company. the fuel the dictator son my child and trumped up. in those individuals god we michael matz i did you can be a son a comment too much my father will be me people have sacrificed risking their lives to put the truth for the generations to understand. that we've got to be like us are we on the faucet after i get. all these molecules you want to pass that you can't we're not twenty which we've got. that's very hard to see nonviolence is distributional. if they're treated with you know we have elections and we don't have political for people you don't listen then in large generational conferences well i'll buy those tried nonviolence maybe we should try violence how do you bring people in whom without we weighed the government as look if i did force people. it's all a bit. of a battle but when one speaks of genocide one chance of a wonder or darvell or allusion never speaks of the congo. or the united nations' senate that there be a conflict in the world since world war two. lang

. >> shell oil co. is trying to drill where no one has before, a small town and alaska. here is what some residents think about it. >> this is the mir. he and his town holding out against the inevitable. 65 percent of their diet comes from what they can hunt and gather and to their primary source of life, wales. >> it reads as and shelters us. it gives an identity of who we are as a people. >> these eskimos have hunted just about anything seen on land for 2000 years. is not as walruses seals and whales. >> these ads are geared the favor. they'll have about one week to collect them. to collect of the brave steep cliffs. it is a delicate cycle. >> we live a cycled live where we heard different animal the different times. >> this is the fear, even if oil spill offshore currents will bring it home. >> look at the gulf of mexico and the exxon valdez. anything can happen. >> for the outside world there is little trust. >> i can feel that this is going to happen. it's i can feel it. it is kind of scary. >> a global struggle for oil and a tiny place and its way of life, and the

michelle is trying to drill in alaska-- shell oil this is an. help. >> we have been haunting wail for several of years. >> they are holding out against seemingly, the inevitable. these shores are guarded. 67 percent of their diet comes from their primary source of life, whaling. >> it has shelters us, feeding us. it gives us an identity of who we are as a people. >> his people, eskimos have hunted everything. and they've scratched out an existence for 2000 years. >> but it is not just walruses and wheels that point hope people rely on it is these birds. they come here by the hundreds of thousands and lay these incredibly beautiful and decorative a state each look like an easter egg. these are a yearly favorite. the only a one week to collect. and they will brave steep cliffs. it is a delicate cycle. >> we are on a different cycle where behind different animals at different times we know when they're going to be here. >> even if there is a small oil spill it would disrupt the fragile economic balance. >> we are taking a look at the gulf of mexico

annoy and goes await a minute i would rather live next to them than shell oil. >>reporter: ever green has been operating at 50% capacity since the 2011 explosion. it's preparing to reopen the other half. watch dog group wants to shut it down and it may happen without action from the state. memo sent to employees last thursday from the ceo says evergreen is going through extremely difficult financial times. the company has been working diligently to bring the plant up to compliance. and the california department of toxic substances control says it will not comment tonight on whether or not it will shut down evergreen oil. reporting live in newark, abc 7 news. >> all right thanks allen. >> 0breaking news in tron coul could, canada where 19 people shot at out door barbecue 2 dead. gunfire erupted during the crowded block pert and witness say it started when a fight broke out no. word on exact motive for the shooting. >>> well former cal running back lynch faces driving under the influence charges. he was arrested by the highway patrol in oakland saturday night. lin

. >>> a coalition of conservation groups filed a lawsuit over shell oil's spill response plan for itsrilling in the arctic. shell plans to start its exploratory drilling in the arctic this summer. the suit names the federal bureau of safety and enforcement which approved the oil spill plans.

annoy and goes await a minute i would rather live next to them than shell oil. >>reporter: ever green has been operating at 50% capacity since the 2011 explosion. it's preparing to reopen the other half. watch dog group wants to shut it down and it may happen without action from the state. memo sent to employees last thursday from the ceo says evergreen is going through extremely difficult financial times. the company has been working diligently to bring the plant up to compliance. and the california department of toxic substances control says it will not comment tonight on whether or not it will shut down evergreen oil. reporting live in newark, abc 7 news. >> all right thanks allen. >> 0breaking news in tron coul could, canada where 19 people shot at out door barbecue 2 dead. gunfire erupted during the crowded block pert and witness say it started when a fight broke out no. word on exact motive for the shooting. >>> well former cal running back lynch faces driving under the influence charges. he was arrested by the highway patrol in oakland saturday night. lin

. >>> a coalition of conservation groups filed a lawsuit over shell oil's spill response plan for its exploratory drilling in the arctic. shell plans to start its exploratory drilling in the arctic this summer. the suit names the federal bureau of safety and enforcement which approved the oil spill plans. those plans include having a flotilla of response vessels near any offshore drilling platform. one of the groups involved is green peace, which told us why they are participating. >> the oil spill from the exxon valdez is still coming up in the sand on beaches 23 years later. there's absolutely no world experience that tells us that we could address and clean up a spill in the unforgiving waters in the arctic. there's no reason to believe that this is a safe way for us to move forward. >> you know, make sure you tune into "outfront" next week for a special report, cold wars, in which we'll be taking a much closer look at drilling in the arctic and all that it does or might mean. it's been 341 days since the u.s. lost its top credit rating standard & poor's. what are we doing to get i

listen to the head of shell oil company that employs over 22,000 people in this country and strongly supports joining the law of the sea. marvin was unable to join us today, but he has submitted testimony for the record. in his full testimony, we place in the record as if right here in full. a short excerpt. if the united states were to become a party to the convention, it could participate in the internationally recognized process for claiming extended continental shelf and the rights over oil and gas which would provide legal certainty for accessing and developing those energy resources. without this clear claim, our company would not find investment conditions favorable. finally, we turn to manufacturing. as many of you know, rare earth minerals are critical to a large part of modern manufacturing. rare earth minerals are an essential component of communication systems and defense control systems and missile defense control technology and other weapons systems. it includes the breath of their scope of rare either mineral use and it's in electronics and in computers and cell phones

annoy and goes await a minute i would rather live next to them than shell oil.orter: ever green has been operating at 50% capacity since the 2011 explosion. it's preparing to reopen the other half. watch dog group wants to shut it down and it may happen without action from the state. memo sent to employees last thursday from the ceo says evergreen is going through extremely difficult financial times. the company has been working diligently to bring the plant up to compliance. and the california department of toxic substances control says it will not comment tonight on whether or not it will shut down evergreen oil. reporting live in newark, abc. >> all right thanks allen. >> 0breaking news in tron coul could, canada where 19 people shot at out door barbecue 2 dead. gunfire erupted during the crowded block pert and witness say it started when a fight broke out no. word on exact motive for the shooting. g back lynch faces driving under the influence charges. he was arrested by the highway patrol in oakland saturday night. link was booked at the santa rita jail and

, strategic and international strategies, and john hofmeister who was of course the president of shell oil company. so i can't think of a better and more distinguished group to sort of walk us through what some of the consequences are and where we agree and probably disagree about some of those consequences. so i'm actually going to jump right in here and i'm going to ask ed morse who said recently that this new age of abundance in north america beckons to make north america look like the new middle east. so maybe you can start us off with what your tour of the geopolitical horizon looks like when all this oil and gas comes online. >> yeah. i know you don't want any numbers, but i'm going to have to give some. it starts with the fact that the u.s. has a current deficit of 3% of gdp. our oil import bill is 5% of gdp. you can paint a bunch of different pictures, but one of them you can't avoid is if this happens the deficit will no longer be a significant issue. and as michael has argued in various places, as have others, the current account deficit and protection of the dollar has been one

one quick anecdote that you might appreciate, shell oil is moving hopefully to the arctic even as we speak, a few days ago they released two of the vessels from the seattle region and headed up to the arctic. they're in the fifth year of a permit. they have invested $4 billion, that's a "b," $4 billion and hopefully this summer they'll get the first permit for their first drill hole. so when we talk about investments we're talking about multibillion-dollar efforts here. so unless we have certainty and know who's got the right claim and who controls that area, our money will not go there, and i think marv odom made it quite clear in his statement. >> let me state for one minute, mr. chairman, on the issue of capital, what it takes, whether it's to dig up rare earth minerals or whether to go for oil and gas and whether it is to make other advances and the capital doesn't come if it isn't safe. money goes where it's safe and where it can be profitable and where it's protected and so when we're talking about certainty, we're talking about a form of protection that we know we can get the

shell says the new find as "no basis." environmental groups have kicked off a global week of action against the oil giant shell's looming oil drilling operation in the alaskan arctic. shell is set to begin exploratory drilling in the beaufort and chukchi seas later this summer. the activists across the world have begun holding protests at scholl sites in a bid to stop the drilling, forcing dozens to temporarily shut down. at a shell gas station in london, activists managed to place an animatronic polar bear on the station's roof. >> it will be the first big oil company this summer to stop -- drilling for oil in the arctic. the arctic is a unique and beautiful area of the plan agreed to drill for oil there would endanger the wildlife, the habitat of polar bears and other creatures as well as the 4 million people who live there. people all over the world are taking action like this and helping shell will listen in hoping scholl will make a decision not to go in draw for oil in the arctic. >> a un human rights investigator calling on u.s. to halt the executions of two mentally disabled death row prisoners in georgia and texas.

when shell oil drills exploratory wells off alaska's north slope this summer potential u.s. he game. a game that will test shell's technical abilities. above all, ice will be one of the biggest challenges. >> we recognize we'll be working in ice. our assets are developed to work in ice. >> reporter: drilling the wells will be two drilling rigs that have operated in ice before. each will be anchored to the sea floor by eight massive cables, the cable array can be severed, the rigs can float free in the event of an emergency. this is america's last frontier and one of the most pristine and fragile wilderness areas left in the world. if shell finds what it thinks it will under the ocean this summer it will cause a gold rush for oil for decades to come. that will mean permanent production wells. they will be heavy and very big, fully enclosed cement and and steel structures so workers can survive year round. hovercraft allow escape over ice. it would be concave so as tons of ice rushes in it would run up the side and curl back on itself. it's now that people worry. >> they have t

enter shell and its plan to prospect for oil offshore here.they find what they think is down here, it will spark a race to drill increasing the possibility of a spill. >> there is no world experience that tells us that we could address and clean up the spill in the unforgiving waters in the arctic. >> reporter: only about a third of the only was physically recovered in the deepwater horiz horizon. in the "exxon valdez" disaster, less than 10% of the oil was recovered. and cleaning up a spill in this hostile place would be a very tall order. the plan in shallow water, less than 200 feet, drilling wells up to 8,000 feet below the seabed, then lowering sophisticated equipment into the holes to determine just how much oil is down there. no plans to actually bring oil up. you think there's a gold mine under the arctic? >> we're enthused about what we see, but our enthusiasm is tempered until we drill. >> reporter: shell has equipped themselves with clean up processing ships, planes and helicopters just this case of a spill. the company has also wor

. >>> a coalition of conservation groups filed a lawsuit over shell oil's spill response plan for its exploratory drilling in the arctic. shell plans to start its exploratory drilling in the arctic this summer. the suit names the federal bureau of safety and enforcement which approved the oil spill plans. those plans include having a flotilla of response vessels near any offshore drilling platform. one of the groups involved is green peace, which told us why they are participating. >> the oil spill from the exxon valdez is still coming up in the sand on beaches 23 years later. there's absolutely no world experience that tells us that we could address and clean up a spill in the unforgiving waters in the arctic. there's no reason to believe that this is a safe way for us to move forward. >> you know, make sure you tune into "outfront" next week for a special report, cold wars, in which we'll be taking a much closer look at drilling in the arctic and all that it does or might mean. it's been 341 days since the u.s. lost its top credit rating standard & poor's. what are we doing to get i

the first new offshore drilling oil project approved by the government since the 2010 bp disaster in the gulf of mexico. shell20 billion, but there's a lot of challenges and risks. miguel marquez takes us in-depth on the fight for oil in the arctic. >> reporter: for millions of nesting birds, for seals, walruses, whales, and countless sea animals the arctic is the cradle of life. a short but intense summer with 24 hour sunshine. in the winter, another world, a place of subzero temperatures, ferocious winds and a frozen landscape, yet this harsh, but delicate place, is changing. look at this. from nasa, ice covering the north pole in 1980 compared to 2012. the north pole is melting. opening new opportunities. i am standing on an iceberg in the middle of the arctic. it must be several hundred tons and what's amazing, i can feel the entire structure move as the water comes underneath it. the eskimos have more than 100 words to describe ice and had it for a reason, ice, not only now in the summer, but certainly in the winter, is a way of life. >> reporter: that way of life headed for change. the arctic now open f

. >>> a shell oil ship is safely secure after breaking free and getting dangerously close to the alaskanrd said the ship slipped the anchor and began moving toward the aleutian islands. the coast guard says a soft seabed and strong winds caused the ship to break free. eventually they will head offshore for drilling duty. >>> a fire at a key supplier for the keystone oil pipeline project has caused $1.5 million in damage. it broke autothe the welspun plant. it was contained to a single room deep within the plant. plant officials say they do not know how long it will take to replace broken equipment and clean off the spoke damage to thousands of pipes. >> we got an estimate of $1.5 so far. every day they are out of business i'm sure that will be a larger amount. >> they are contracted to provide hundreds of miles of pipeline for the portion of the controversial project. it could carry heavy crude from alberto canada to the gulf coast. >>> this morning some republican lawmakers are calling on mitt romney to disclose more information about his finances. those calls from alabama governor robe

the discovery of shell oil and shell gas in the united states that particularly technology is simple technology. it can be replicated enormous shale deposits over the world. china has the biggest, probably. they have once again become an exporter. they export all of that. for the opec countries is not good at all. on the other hand if the commodities are going to be relatively concentrated, the perspectives of large commodity imports like india and china have -- [inaudible] because, i mean, what india and china had tons of trade effect -- [inaudible] with the rise in the commodity prices. it wouldn't be so bad. especially about india and i think there's a little bit of time on that. since we have bought out from india. maybe only 6%. look, you know, he's right in saying on the political scheme there's -- [inaudible] india did 8.4%. [inaudible] now you suddenly slipped down to 6.9%. i mean, what are the fundamentals that created the -- [inaudible] i don't think they can. again, it's dismissive in the book about india demographic diff dent. it is a sun that used to have a problem with

if it pays shell oil will reap the benefit of being the first to bloish a new market for oil in one ofh. >> we will be drilling them like they are the most complex, most difficult wells we drilled in company history. >> reporter: the plan to sink to exploration drills in arctic water. the wells won't bring up oil but designed to confirm what shell believes is down there, at least 26 billion barrels of black gold. enough to supply 20% of america's needs. >> if shell really hits something this summer then i think things will heat up this summer. >> it's going to be a gold rush. >> it will be a gold rush under sea. >> reporter: their way of life could be threatened. >> for the winter it comes from the ocean. the fish and the whale. it's going to ruin our ocean. >> reporter: abigail has lived in the tiny community her entire life. she is doing what she's done for years. preparing a seal skin to be made into winter boots. >> when you're 79 years old you don't look like a young lady but you have to keep working on these skins. >> reporter: she, like everyone else here, uses every bit of the

shell might spend $20 million before they get any oil from the arctic. >> that's the shocking thing. ey could spend 15, 20 years and $20 billion before shell ever sees a drop of oil. >> thank you. great reported. >> special, cold war, battle over arctic drilling, that avenue:00 eastern. [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdomi