one of transcanada's port arthur texas customers. the rest of transcanada's customers include a french company, two canadian companies, and a multinational venture based in the netherlands. and it is not just a regular money making export opportunity that many of these companies are seeking. port arthur, texas, is a foreign trade zone. so when these refineries reexport the diesel and other fuels, they are maging using keystone oil they won't even have to pay united states taxes. hear that again. they will not have to pay united states taxes. left anyone think that trans america -- transcanada, rather, isn't in the reexport business. in december when i asked the president of transcanada whether he would agree to insure that the oil and refined fuels stay here in this country instead of reexporting them he said, no.

special privileges of transcanada. if this is not about a sole corporation's special privilege in spite of the fears of american citizens, then i don't though what a special privilege is. i yield back. >> the gentleman's time expired. the chair will recognize the gentleman from massachusetts, mr. mark for five minutes. >> thank you, mr. chairman. it's only to kind of point out that back in 2005 the supreme court brought down a case called kilo versus city of new london. and in that case, the supreme court upheld a local government's use of imminent domain to transfer land from one private owner to another to further economic development. now the majority's response was quick and furious. they publicly condemned the decision and brought a resolution to the floor expressing the grave disapproval of the house of representatives regarding the supreme court case. and every republican on this committee who was in congress then supported that resolution. so it's interesting to see that while the republicans believed that this

transcanada is a foreign corporation. they've been trying to strong arm american citizens along this proposed path of the pipeline. they're telling property owners, here's some money for the rights to go underneath your land. but if you don't accept this amount within a certain short period of time, we're going to initiate proceedings to condemn your land and take what we need through eminent domain. this is an imperious approach. it sounds unbelievable but it's true. i don't know whether the state of nebraska gave them this authority or not. i think that it will be interesting if the state of nebraska gave them authority for condemnation of land at the same time they're trying to figure out what the route is going to be in the state of nebraska. i have a copy of a letter that transcanada sent to mr. thompson on july 21, 2010 informing him that the proposed path will cross his property. in it transcanada offers him this money for these pieces of land and tells him if he doesn't accept within a month, "we will be forced to

so i tried to reach out to transcanada and ask them some clarifying information. i know yesterday here at opening statements, my good friend tim murphy, we sit on the steel caucus together, was touting the wonderful effects of jobs being created in our country in the steel industry, and i share that concern with tim. we've worked very hard to help u.s. steel manufacturers. so i reached out to the permit applicant, transcanada, and several other sources to try to get some clarifying information to find out where this 75% of steel used in the keystone pipeline directly outsourced from north america would be. unfortunately, the best answer i could get seems to be there is a single pipe manufacturer in little rock, arkansas that's providing most of the steel for this pipeline. now, the trouble with that is the manufacturer doesn't actually use u.s. or north american steel to make their pipes. in fact, the little rock plant very clearly told me that they make their pipe out of foreign steel. in fact, they have already imported 148 miles of ready made pipe from india. s

left anyone think that trans america -- transcanada, rather, isn't in the reexport business. in december when i asked the president of transcanada whether he would agree to insure that the oil and refined fuels stay here in this country instead of reexporting them he said, no. sitting right at that table. so that's the plan in this republican bill. sneak the pipeline into the country, refine the oil and then sneak the diesel fuel right back out of the country. yesterday the gentleman from nebraska said that tar sands oil could replace a million and a half or two mill dwrn baion bar oil a day. even if the keystone xl pipeline was going to transport more than 630,000 barrels of tar sands oil each day, the doe estimates it will transport the idea that all of the keystone oil will stay in this country under this bill is just a fantasy. make no mistake. this bill is not about energy security. it is not about jobs. it is about oil company properties, plain and simple. this bill just turns the united states into a middleman in a multinational oil deal between canada, south america,

transcanada is a foreign corporation. been trying to strong arm of american citizens along to propose the path of the pipeline. they're telling property owners, here is some money for the rights to go underneath your land. but if you do not accept this amount within a shortened time, we will initiate proceedings to condemn your land and take what we need through eminent domain. this is an imperious approach. it sounds unbelievable, but it is true. i don't know whether the state of nebraska give them this the 40 or not. -- i did not know if the state of nebraska gave them this authority or not. it would be interesting, but at the same time they're trying to figure out what the route will be in the state of nebraska. i have a copy of the letter that transcanada sent to mr. thompson on july 21, 2010, informing him the proposed path of the pipeline will cross his property. transcanada offers him money for easement to his land, and tells him if he does not accept within a month, "we will be forced to invoke the power of eminen

that's all we have to know about our relationship with his transcanada company. this oil is to be exported around the world, not to keep prices lower here in the united states. i yield back the balance of my time, mr. chairman. >> i might say all u.s. petroleum products today we are truly exporting less than 5%. at this time, -- >> been no one export for united states in 2011 was oil petroleum products. that was the number one export. >> we want to increase our exports do not a boil, not of we'll. that's not security. >> all of the members are gone. we still have a vote on the floor. so i'm going to release this panel, ms. gaffney-smith, thank you for being here. mr. pool, thank you for being here. we will recess or about i would say 35 or 40 minutes and then we'll come back and we will begin with panel two, thank you. we are in recess. [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> i will call veering back to order, and before i introduce the witnesses, as we were finishing up with the first panel that was a lot of back an

transcanada has been granted plenty of free passes and now they seek yet another. they want their political allies to free them from the tangled mess that they themselves helped to create. perhaps it's time for the free passes to come to an end. if the keystone xl truly has america, then it should be able to withstand a rigorous and comprehensive review that it deserves and has not gotten. if this type line is built, thousands of us in the heart lands will have to live and work next to it for the rest of our lives. and probably for the rest of my kids' and my grandkids' lives. they will cross our wear the ways and lakes and streams and only get riskier with the passage of time. short circuiting the review process would be an injustice and a gross injustice to all of us that have to live and work along the proposed path of this pipeline. we do not feel that a foreign corporation as any right to take our land for their private use and gain. we have no doubt that this project is in the national interest. we're seeing no evidence that this pipeline is anything other th

that's all we have to know about our relationship with this transcanada company. this oil is to be exported around the world. not to keep prices lower here in the united states. i yield back the balance of my time, mr. chairman. >> i might say of all the u.s. petroleum products they were currently exporting less than 5%. at this time -- >> the number one export for the united states in 2011 was oil petroleum products. that was the number one product of all products. >> we want to increase our exports. >> not of oil. not of oil. that's our security. >> all the member, gone. we still have a vote on the floor. so i'm going to release this panel. ms. gaffney-smith, thank you for being here. mr. pool, thank you for being here. we'll recess for about, i would say 35 or 40 minutes, and then we'll come back and we'll begin with panel two. thank you. we're in recess. >>> so about a 40-minute break in this hearing on the keystone xl pipeline this morning. the second panel happening in 40 minutes. members heading over to the house chamber for a series of votes onstreamlining

special privileges of transcanada.f this is not about a sole corporation special privilege, in spite of the fears of american citizens, and i don't know what a special privilege is. i yield back. >> the gentleman's time has expired. the chair would recognize the gentleman from massachusetts, mr. markey, for five minutes. >> thank you, mr. chairman, very much. and it's only two kind of point out that back in 2005, the supreme court brought down a case called kelo v. new londo london, and in that case the supreme court upheld the local governments use of eminent domain to transfer land from one private owner to another to further economic development. now, the majorities response was quick and furious. they publicly condemned the decision as a brought a resolution to the floor expressing the grave disapproval of the house of representatives regarding the supreme court case. and every republican on this committee who was in congress and supported that resolution. so it's interesting to see that while the republicans belie

to ask transcanada reasonable questions, like what route it plans to follow in nebraska. we want to know about the claims of jobs. the state department testified that we would get 5,000 to 6,000 temporary jobs. these jobs would be around for two years and transcanada said the jobs would be 100,000, that is looking at the lifetime of the pipeline for a hundred years. this is the republican jobs bill. 20,000 jobs they say, maybe 1 100,000 jobs, the state department did an analysis and they said 5,000 to 6,000 jobs for two years. i am glad we have excellent witnesses here today that will give us their views, two departments that will be excluded from giving their usual review of the project, that might change, and two gentlemen who have special insight at what this project will mean. thank you for this seven seconds beyond the time and i yield back whatever time i have left. >> thank you mr. waxman, today we have two panels of witnesses. those of you on the first panel, if you will come forward, that is ms. smith, who is chief regulatory for army corp of engineers and mr. mi

i have sent a letter to transcanada asking for this information. but i've yet to receive a response. i think members deserve this information. if there is in fact a u.s. steel maker out there that is making all or some of the steel for the keystone x.l. pipeline i think we have a right to know about it. mr. speaker, i reserve the balance of my time. the chair: the gentleman reserves. for what purpose does the gentleman from kentucky seek recognition? >> i seek recognition to oppose the amendment. the chair: the gentleman from kentucky is recognized for five minutes. >> i yield myself three minutes. the chair: the gentleman is recognized. >> first of all, i would like to say to the gentleman of pennsylvania that, who's a very hardworking member of the energy and commerce committee and provides great leadership, that we reluctantly oppose his amendment. mr. whitfield: his amendment is very simple and it is very direct. it simply says the permit will not be issued until the permit applicant certifying and -- certifies and provides documentation that a

thanks transcanada ceo russ girling.t up on "kudlow," get this. 3/4 of likely voters believe the nation's top earners should pay lower, not higher. thehill.com poll. the american people has spoken. why isn't our populist president listening? we'll debate, right after this. >>> according to a brand-new poll out from thehill.com, one of my favorite websites, and it's a straight-shooting down the middle poll, 3/4 of likely voters, 3/4 of likely voters believe the nation's top earners should pay lower, not higher tax rates. so americans have spoken. but the question is why isn't the white house listening? why do we want to still punish rich people, successful americans who own small businesses? let's bring in our special guests for a wee bit of a discussion. cnbc contributor jared bernstein, former chief economist to vice president joe biden and distinguished senator ron johnson, republican from with wisconsin. mr. johnson, welcome back. >> hello, larry. >> 70% in the poll say 30% or less. that's their tax rate. and presiden

thompson, the route that transcanada propose wod have gone through nebraska's sandhills. even if a new proposed route would avoid the sandhills, won't it still go through the ogala section? >> we don't know whether they're proposing a new route. that's a problem. from what i've heard and what initial proposals they were talking about it would still cross it. >> what is the risk if that happens? if there's a spill? >> absolutely there's a risk if that happens. >> what would happen to the water table? >> well, if i could quickly explain. our water table is so high that pipeline would actually be merged or submerged directly in the water in many places. >> wow. >> so if any type of leak, it's going to go into our wear the supply. >> wow. and what would the impact of that be? >> well, it could be from small to tremendous. i mean you got all kinds of small communities and like myself, i have livestock watering wells, i have irrigation wells that will be close to the pipeline. they become contaminated, that property is become virtually useless. >> and how do you feel about that

transcanada keystone pipeline filed applications in 2008. the keystone project would include a permanent -- permanent 50 foot right away along the lands in indiana and jim -- montana. they would like to surprise -- supply power. temporary rights for construction purposes comprise a few hundred additional acres this burst on the tracks of land and would be used for three years and then be claimed by keystone. if these applications have not been withdrawn. processing is on hold. the north american energy act appears to make the federal energy regulatory commission the sole federal agency responsible for the project. the bill also gives the commission permission to work with the facility four minutes. we are not clear on how the pipeline will be carried out on federal lands. what role the blm would have with regards to the pipeline. the departure from current law also precludes the blm from collecting rent related to the pipeline. thank you for the opportunity to testify. i am pleased to answer any questions. >> to you very much. at this time,

as i understand this amendment before us, they haven't gotten a straight answer from transcanada as to whether they're going to use american steel or not? they're not getting a straight answer or they're being misrepresented? why don't you think they're not misrepresenting other things? you don't want to give the government of the united states or whoever has permission of these pipe lines the accurate fact or know the truth before they sign off on it. instead the president says, don't bother us with this information. get the facts to approve it. we want this approved and we will blame the president if it's not approved. i just think the american people ought to see this as strictly political and unfortunate when americans want jobs and the republicans have not cooperated in getting us jobs, this is their jobs bill. this is the only proposal the republicans have for more jobs. they have two others. let the people who are the upper, upper income keep more o. i talked to a fellow who told me if i got another tax cut, i'm still not going to hire more people unless there's demands. and the

i'm not sure if the majority's going with something to show transcanada they are working r feverishly on their behalf for more campaign contributions even when they know the legislation would never ever become -- >> i think the gentleman's time and i want his words take down. >> -- where millions of -- >> move his words be stricken. >> -- is pouring into commercial supporting xl. >> gentleman's time expired. >> yield back the balance of my time. >> the gentleman made an accusation of saying that we're tied to campaign contributions. a, that's wrong, but that's against our rules. his words need to be taken down. >> we'll have the clerk review the transcript and then we will proceed at that point, and i would remind everyone that we do not need to be making accusations about what people are and are not doing as far as legal campaign finance laws and whatever. at this time i'd like to recognize the gentleman from michigan for five minutes, mr. upton, chairman of the floor committee. >> thank you, mr. chairman. i noticed we have a number of referees in the second row. welcome to the big h

our colleagues across the aisle keep saying that transcanada isn't getting any special consideration. but that's really what this bill is about. this is a bill that's just chuck full of exception. it applies to only one pipeline rather than pass a regulatory ear mark for keystone, mr. dingell's amendment codifies the executive order currently governing pipeline border crossings. so if this amendment were to be adopted, then all pipelines would have to play by the same rules. there wouldn't be one set of rules for keystone xl and one set of rules for everyone else. so i support it. again, i think it's sensible. it a much better way to go and i'd be happy to yield to mr. dingell. >> i'd be very appreciative. >> you know, the only thing the state department is really concerned with and with which they have expertise is in letting the permit go across the u.s./canadian border. that's the only area they have expertise in. they're going to have to be all manner of environmental decisions made about all manner of other questions, crossing rivers, crossing streams, going past national forest,

i also asked the chairman to invite the operator of the pipeline, transcanada. members on our side want to ask transcanada reasonable questions like what route it plans to follow in nebraska. we also want to know about these claims of jobs. the state department testified that we would get 5-6,000 temporary jobs if this pipeline is approved. these jobs would be around for two years. transcanada said it's going to be 20,000 jobs over 100,000, and where did they get the number 100,000? well, that's looking at the lifetime of the pipeline for 100 years. this is the republican jobs bill. 20,000 jobs, they say. maybe 100,000 jobs. yet the state department did an analysis, and they're saying 5-6,000 jobs for two years. i regret that koch and transcanada are not here today, and i ask the chairman to refrain from moving this bill until they are available to testify. i'm glad we have excellent witnesses here today who are going to give us their views. the department, two departments that are going to be excluded from giving their usual review of the project. that might ch

transcanada is a foreign corporation.hey have been trying to strong arm american citizens along this proposed, path of the pipeline. they are telling property owners here's some money for the rights to go underneath your land. but if you don't accept this about within a certain short period of time, we are going to initiate proceedings to condemn your land and take what we need through eminent domain. this is an imperious approach. it sounds unbelievable but it is true. i don't know whether the state of nebraska gave him this authority or not. i think that it would be interesting if the state of nebraska gave them authority for condemnation of land, at the same time they're trying to figure out what the route is going to be in the state of nebraska. i have a copy of the letter that transcanada sent to mr. thompson on july 21, 2010, informing him that the proposed path of their pipeline will cross his property. in it, transcanada offers this money for easement to his land, and tells him if he doesn't accept within a month,

now, what transcanada is doing is announcing -- >> because my time is limited, if i can, i mean, even the former president bill clinton says, embrace it. and we need to move forward with the keystone xl pipeline. >> he's a very smart man. but he unfortunately is not bound by the lawing and regulations any longer of the united states to make decisions that follow a certain procedure. and that's what we have to do. >> so is it a mistake for the former president to say embrace it? >> of course not. i think it's not a mistake for people -- this is america. people say they embrace it. people say they hate it. our job is to take a very clear-eyed look at what the facts are. there is no pending application -- >> did the white house ask you to delay the process? >> no. no. we were -- our job was to make a recommendation. >> here's where i have the problem. because in conversations that you and i have had and also in front of committees, you have led us to believe that it is something that the state department was going to approve. and it just seems a little fishy to me that at the height of t

the administration did invite transcanada to reapply but moved today from the senate energy and commerce committee saying they want to take it away from the president and grant an probable for the keystone xl pipeline. on the specific issue as raised by congressman john dingell, the amendment that would use the same process as former president good morning w. bush, it was an amendment which failed but literary, republican from nebraska, weighing in on this. >> i appreciate where the gentleman from michigan is coming from on the basis of this amendment. but the reality is this is an extraordinary situation because we have a presidenting that chose to deny this many permit. putting us in this position. the presidential permit as done by executive order of the rea r reaserrion in here, i agree the whole purpose of this bill is to move forward on the pipeline despite the president's effort to kill it. it is the president who said or let me back up. it is the state department who said they have enough information to make a decision. the volumes of binders sitting by mr. pitts is the environme

now a private company is funding that, the ceo of transcanada joins us with his proposal.ission to mars after the president slashed plans from his budget. we'll talk to an astronaut about whether or not this is possible now. road trip? ♪ ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ bill: got some breaking news from the hill, attorney general eric holder telephoning about the bp oil spill and moments ago he was asked whether or not the government is ready for trial and he suggests the government is ready for trial and ready to go against bp. let's listen to what he said moments ago. >> we are prepared to go to trial. we were ready to go to trial. i think this has been reported now, there has an week's delay and we'll see what happens during the course of that week. but we have a strong case. you're right to call it what it is. i think people have forgotten that. t

transcanada will proceed with a shorter, less controversial route.ay republicans pounced. >> we've got a handful of environmental groups, radical environmental groups who stood in the way of having a national energy policy, all of these years. it's just about time tham we have a national energy policy and do something the american people want us to do. enough of this. >> okay. joining me now, mark, is that how you leave a room when you're upset? ha, i'm done with this. >> did the president give the republicans an opening by saying i welcome this shorter version. he didn't say we still don't need to explore what would happen if this pipeline stretches the length it was originally proposed. >> i'm not sure the white house gave republicans anymore opening than they already have. this is pretty tough politics for the white house and pretty good politics for republicans. you end up having environmentalists which are against the project. you have unions for it. splitting two big democratic constituent groups. you're trying to see republicans raise it time

it's the shorter version of the contested transcanada pipeline and it avoids the environmentally sensitive nebraska. you may remember that was a key sticking point for the white house in partisan battle over the project. instead of starting in canada, this pipeline will go or would from curbing oklahoma to the texas gulf coast. at least for now. since that portion would not cross the border it doesn't need federal approval. here is the white house press secretary. >> the pipeline from pushing to pushing -- curbing to the golf could be important especially there are bottlenecks in cushes that prevent what is a glut of oil from getting to market. >> shepard: transcanada hopes to build the full 1700-mile pipeline something the white house says it could still support. remember, the president rejected it last month but accused republicans of playing politics by forcing a decision before there was time for a white house review. republicans say blocking the pipeline has cost jobs and increased u.s. dependence on foreign oil. we are learning about a new push from several different countries to exp

let's look at the place that really was ground zero for pushing back on transcanada. nebraska. decided to fight the pipeline. why? some obvious answers like the fact that the awe kwi fer would have been put at brave risk by this pipeline. but there's more. big oil staged a cue in nebraska and took over the government. they got the law changed so nebraska oil companies can do what only governments up to that point could do. take citizens land. the law of eminent domain says the government may take your property, but has to pay just compensation for it. in nebraska, big oil said we can do that. and they got the law changed so that an oil company can take your land. just because they need it. but a funny thing happened on the way to the gulf of mexico. nebraskaens got upset. people from opposite ends of the political spectrum, the strangest of strange political bedfellows got together and said, no. corporations cannot take our land or our government. this is important, folks. because nothing scares the lords of the status quo more than the idea of citizens and activists from oppos

. >> yesterday the department received a letter from transcanada indicating their intend to submit a new application for a pipeline which crosses the u.s./canadian border and ends at steel city, nebraska. you're right that under the laws of the united states, the state department is responsible for evaluating any request for such permits that do cross an international border. at this point i obviously cannot make any comment on a hypothetical application and permit and i do think that your concerns and the concerns of others about the pipeline both pro and con suggest that it's important that the process follow the laws and regulations because whatever the outcome it's likely to be controversial whichever way the decision is finally made. it is taking place within the context of u.s. gas and oil supplies increasing daumtically domestic and in fact we are now beginning to export domestic supplies and i believe that we have to continue to develop supplies everywhere. that's an absolutely critical component of our energy security going i think that when you look at the request here, the

transcanada says it would cost $2.3 billion and be completed next year.they have -othe project does not require presidential approval since it doesn't cross a u.s. border. >>> a texas rodeo turned into a tam peed. >> the problems this caused and what cattle with a they did -- the cattle hands did to get things under control. >>> can federal inmates be issued i pods that's being kicked around in one state close to maryland. we will tell you where coming up. >>> we made it up to 64 yesterday. but today, we won't do that. when will the 60s move back into the pictures? details coming up. >> reporter: we are check around for incidents or delays. following the accident on northbound route 2 and we will update you on that also. for now let's go up to new york for the latest business news. >>> good morning. topping america's money bank fees almost 10% of us switched banks last year and a third of those said it was because of the fees. customers don't feel they are getting good enough service to justify what the banks are charging them. who better than gordon geck

over there, i'm just assuming this because i have never been in the oil and gas business, but if transcanada is producing the oil are we saying that they're going to put it in this pipeline and then they're going to find some end user wherever it's going to be stored or whatever? my understanding is thathe port that oil to whoever is the highest bidder based on global market prices. i said this last week at the hearing, but unless something has changed drastically from last may, may drastically from last may, may 15th "dallas morning news," story by concern call, some 70% of contracts for future oil delivery are now bought by financial speculators, largely big investment banks and hedge fund who is never take control of the oil. they just flip the contract for a quick profit. only about 30% of oil contracts are bought by a purchaser that actually intends to use the oil such as an airline. that's according to commodity futures trading commission which regulates trade in those contracts. michael mcmasters, a professional wall street investor testified before congress repeatedly that speculator

but on the other hand, when we asked transcanada will you agree that the oil stays in the united states, they go oh, no. no, no, no, no. then you read all the other things that they're saying and it's pretty clear that we're going to be kind of a conduit, you know, coming right through the middle of north america to just pump that oil out into the rest of the world. now, what's the problem with that? well, the problem is that we don't control the price of oil with such a small amount of oil. let's just say it's 1 million or 2 million barrels of oil a day, going out into the global market. but farther united states, it wou wouldbe a lot of additional oil. why is that important? here's a big fact for you. last year, for the first time in 62 years, the united states was a net exporter of oil products. you understand that? in 2011, we were a net exporter of oil products. you want to hear something -- you want to hear a second issue? >> would the gentleman yield? >> let me finish. our number one export last year was oil products. so i think that's infuriating ordinary people who are looking

now just in the last two days, transcanada has made a move through a letter indicating their intent to submit a new application. at the same time, they're moving forward with parts of the pipeline like from oklahoma to texas that don't cross the border and don't need state department evaluation or decision. so i think we handled this, madam chairman, in a way that was commensurate with the law and regulations. i strongly believe we have to increase our energy security. i strongly support the creation of our new energy bureau. just last week we signed an important disagreement with mexico to encourage boundary exploration in the gulf of mexico, something that was legally in limbo. so we're committed to doing all that we can to help americans get the energy supplies we need. >> and now to syria if we can. >> now on to syria. well, you know, we are concerned. i think that it is an issue that deserves the attention of the international community. nun lug ar was in a permissive environment. it was after the soviet union had fallen, the new russian federation came into being. they welcomed o

when i ask the president of transcanada, the pipeline company from canada whether he will be willing to commit to keep the oil that passes through this pipeline in the united states, he says no. and why? because the oil companies and the refineries want to export the fuels to the highest bidders around the world leaving the american people with all of the environmental risk and little or none of the energy or economic benefit. so drill here, sell the, pay more, that's not the republican mantra. drill here, sell there, pay less. now they've morphed into what the oil and gas industry want and all e economic indicators point to the conclusion that our consumers will be harmed by that. d on the question of the totality of the economic benefits for our country, they are simultaneously proposing to kill the tax breaks for the wind industry which isow creating 85,000 jobs in our country in the face of the wind industry saying that they will have to lay off 40,000 people over the next year unless the production tax break for the wind industry stays on the books. so all of this is basically u

transcanada announced that it will build a pipeline that will stretch from oklahoma-texas the companyild a pipeline that ran from canada all the way to the gulf coast oppose a concern that it would hurt the environment proponents of the plan argue that would create thousands of jobs and bring down the cost of gasoline prices the latest proposal does not require federal approval because it is a domestic construction project in the medical watch a new study finds commonly prescribed sleeping pills are linked with a higher risk of death. researchers announced data on 34,000 people including more than 10,000 who were taking prescribed sleeping aids those aged between 18-132 doses a year or four and half times more likely to die than the code control group tested for those to took less than 18 doses per year were three and half times likelier to die details on how those people died were not disclosed and the authors stress that they found it not a cause more americans are heading to hospital emergency rooms for routine dental visits such as toothaches that could have been avoided with regu

last year, transcanada admitted that the pipeline will raise oil prices in the midwest. there is a debate about how much but it will not lower them. that to leads to national security as a reason why we need to go along with this pipeline. we have the general anderson, could you explain your experience? >> 31 years in the army. i served in the pentagon for two years as a chief would guess -- logistics officer. i was david petraeus' officer. >> you did not think this pipeline was in our national security interests. you said oil dependence threatens our national security. is this a controversial view? >> i do not think so. i am not sure if i would call myself a national security expert. i am an expert in the operational impact of our oil addiction in iraq and afghanistan. i do work in afghanistan curious i spent a lot of time over there with my private interest and i can tell you we have not changed it at all in 10 years. we are incredibly wasteful and inefficient. we do not have the renewable technology we need to save soldiers' lives. >> this is a different kind of oil.

. >> transcanada vies to buy 75% of the pipe from the u.s., but many of the material were brought years. >> it's already acquired all of the steel and iron it will use in the pipeline. >> for republicans, keystone is about jobs and energy. cutting edge issues in the election year, which is why they want to drop it in the president's lap, democrats desperately want to avoid. in washington, jim angle, fox news. >> bret: still ahead, is the obama administration waging war on religion as some claim? straight ahead, land. lots of land for free. we will tell you where. j nhñ xç@÷ 0@h@ >> bret: state senators in oklahoma have passed a statement that life begins at the moment of conception. the so-called personhood act was approved 34-8. it was sponsored by a republican but several democrats voted in favor of it as well. we brought you a lot of the stories about the tough housing market. tonight, we're going to tell you where you can get property for nothing. correspondent alicia acuna reports there is just one catch. >> ever since it started giving away land, the town of central city nebraska

. >> transcanada vies to buy 75% of the pipe from the u.s., but many of the material were brought yearsacquired all of the steel and iron it will use in the pipeline. >> for republicans, keystone is about jobs and energy. cutting edge issues in the election year, which is why they want to drop it in the president's lap, democrats desperately want to avoid. in washington, jim angle, fox news. >> bret: still ahead, is the obama administration waging war on religion as some claim? straight ahead, land. lots of land for free. we will tell you where. while some fiber ads use super models, metamucil uses super hard working psyllium fiber, which gels to remove unsexy waste and reduce cholesterol. taking psyllium fiber won't make you a model but you should feel a little more super. metamucil. down with cholesterol. it doesn't look risky. i mean, phil, does this look risky to you? nancy? fred? no. well it is. in a high-risk area, there's a 1-in-4 chance homes like us will flood. i'm glad i got flood insurance. fred, you should look into it. i'm a risk-taker. [ female announcer ] only flood insur

>> caller: hey, man, i seen it early this morning, transcanada pipeline, they're make another bid tout the pipeline out there. i want to get your opinion on that. do i buy, sell? what do i do here? >> good luck. here is the problem. i think the president got a lot of support for doing what he did. i'm a member of the sierra club. they're all over. they're backing him big-time. i don't know what has changed since then. the republicans aren't holding the gun to his head. this pipeline, i think it's doomed. if they do get it, it's because we get a change in washington. there you go. okay. let's go to weeks in georgia, weeks? >> caller: boo-yah, jim. what's going on with you, buddy? >> you know, we got that morning show. the new set that was fun. this show we're kicking some butt with these consumer names in oil. what is up with you? >> caller: nothing too much, man. just chilling here in atlanta, georgia. quick question. lnd, cheniere energy. blackstone, they needed some capital. do you feel like i should let it recede a little bit? >> now you got to let i come down, weeks. here is why.

transcanada says its pipeline's construction could be finished next year.ed the company's larger keystone plan which connected the line over the canadian border. the president said his administration did not have enough time to review that plan before an approaching deadline. the new proposal does not require presidential approval because it does not cross a u.s. border. >>> well, soon you will have a virtual set of eyes in the back of your head when you're driving. that's good because a real set of eyes in the back of your head might look a little goofy. federal safety regulators plan to announce this week that automakers will be required to install rear-view backup cameras in all passenger vehicles by 2014. the national highway traffic and safety administration says more than 17,000 people are injured every year by cars that back into them. the mandate is expected to cost carmakers nearly $3 billion a year. a final version of the rule will be sent to congress tomorrow. >>> and cash-strapped kodak company wants to cut retiree medical benefits. the company

. >> my uncle angelo wants your opinion on transcanada. >> the answer is 4% growth and i think you buyre. and you buy some more. greg in arkansas. good afternoon, jim cramer and big boo-yah to you, sir. >> love the razorbacks. >> one of my favorite teams, right? >> thank you, jim. i'd like your professional opinion on a company in my home state, tyson foods. >> they had a fabulous quarter. a lot of that was the feed cost going down. nobody cared. the commodity business and i'd love to recommend tyson, and i think it's a great company, and i think they'd do a fabulous job, and it reminds me of archer daniels, they're like airlines that they're such hard businesses and they will let you down even if they're well run, and that, ladies and gentlemen, is the conclusion of the lightning round! [ male announcer ] let's level the playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. ta

transcanada is building a $2.3 billion oil pipeline from oklahoma to texas after separating that proposal from the rejected keystone project. it's also submitting a new application for keystone with an alter route. and another day, another all-time high for apple shares. it's also $10 shares away from a $500 billion market cap. >> thanks for that, courtney reagan. let's get straight to the trading floor. bob to you first off. we started shaky this morning and then moved into the green, we're back below 13,000 -- actually sitting right on it as we speak. what is behind the changing mood down there on the floor? >> take a look at the s&p 500 on an intraday basis, mandy. you'll see what happens was we started turning around once the pending home numbers, you can see right around 10:00 eastern time when the pending home sales for january turned out, we turned around. then just about the close of the european markets we had of course the germans approving the greek bailout in their own parliament. a little less contentious than people thought. and in the last few weeks, if you ask me, it's all

. >> does the administration signaled transcanada that it was all right to go ahead with the oklahoma part of the pipeline? >> i do not have it here. but the president stated in january that this was something that potentially could go forward if it meets and clears the hurdles that needs to be cleared. this is the same thing. at domestic pipeline. most of the authority involved is local and state. the department of transportation and the army corps of engineers. but most of the permitting is because it does not cross an international border, done by local and state governments. >> so you're not surprised that transcanada is going ahead with that now? >> well, i would not know how to characterize their reaction to the use of the statement i put out welcoming iit, because there is an issue with a glut of domestically produced oil that is held up in cushing. the state of their refineries are in the gulf. building this pipeline is a very useful to getting that oil to market. >> i have got a couple for you. looking ahead to the dinner with iraq war veterans, there is a group asking for th