concerns about big oil's influence in crafting u.s. energy policy will eventually lead congress' general accounting office to field an unprecedented lawsuit against the white house for access to energy task force records. >> john dingell who was chairman of the energy and commerce committee and i requested the gao to do an investigation because while we were sending letters to the vice president, we weren't getting responses. >> they said, no, these are presidential advisers. we don't have to divulge what they're doing, whereas if it had been cabinet agencies, they would have been forced to divulge who they were meeting with and what the e-mails were, what the topics were. >> did we talk to energy companies? absolutely. you'd have to be a damn fool to put together a comprehensive nationwide energy policy and not talk to them. >> in order for me to get good sound opinions, those who offer me or the vice president opinions must enough every word they say is not going to be put into the public record. >> the white house battles to keep secret mo

u.s. produced the most energy in july in 30 years. those factors turned and pressured energy stocks big time, especially oil and gas production names like southweste southwestern, chesapeake among the market's worst performers today. >>> a mixed report card on the health of the u.s. economy from the s&p ratings agency. its keeping the overall assessment of economic risks unchanged but says key risk factors subsided. the s&p projects total u.s. credit losses could decline by as much as $45 billion this year and home prices will continue to increase this year, as well. >>> house price gains are slowing, the national association of realtors says prices grew 4.4% in the second quarter. that's the slowest annual pace since 2012, while 12 out of 173 metro areas posted gains, only 19 markets saw double digit rises, that's half as many as in the first quarter. the total number of sales slackened, too, slower price gains, good news for buyers trying to break into the market. the most expensive market in the country, by the way, san jose, media

u.s. through the gulf of mexico. the energy information administration of the u.s. department of energy for is forecasting production from that period to decline over the next several years so if the u.s. sector is not doing that well i don't see any reason to suppose that the next a constructor is going to suddenly blossom now it's clear that natural resources are becoming a big issue as china and some other emerging markets they increase their oil consumption and in fact argentina for example although back to that they expropriated their oil resources so how do you see resource nationalism playing out in south america. well it's that's been the trend recently and i think we'll see more of that as as time goes on of course resource nationalism because those ways will really. the short term it increases. revenues to governments but it also tends to shut out international investment and access to expertise from. mostly u.s. based companies so. it's you know it makes the situation even even more complicated this is the situation we're seeing in iraq right now is sort o

u.s. invasion in two thousand and three iraq's kurdistan has seen a boom in energy production u.s. energy giants exxon mobil and chevron are among the many oil and gas firms large and small now drilling there seems that. the engagement of turkey in iraq this month the same ayatollah miss region has shown to be friendly with us into u.s. business but the oil rich kurdistan has long sought to break away from iraq it has now moved to sell crude independently from bogged down arguing that the central government doesn't give the region its fair share of oil revenue and leave the onslaught of the islamic state in the political turmoil in baghdad many kurds see an opportunity to finally carve out a homeland by exclusively supporting the kurdish region washington may fuel their cause but the kurdish region is functional the way we would like to see it and it is tolerant of other sects another religion in a way that you would like to see elsewhere so we do think that it's important to make sure that that space is protected the obama administration likes the way kurdistan functions but doesn'

an argue sees numbers getting food from farm to fork takes up nearly ten percent of the entire u.s. energy budget fifty percent of the u.s. land and get this eighty eighty percent of all consumed fresh water furthermore the economic impact of the waste is palpable according to u.s.d.a. every year americans waste forty eight billion dollars in meat poultry and fish thirty vegetables and twenty seven billion in dairy products but it doesn't have to be this way with the rising awareness of the harm that our food habits are causing some restaurants are taking it upon themselves to address the problem head on rather than rely on the consumer take for instance the amazing story of chicago restaurant called sandwich me in this restaurant hasn't taken out the trash in nearly two years thanks to practices like using fresh local produce handing out reasonable portion sizes and running unsustainable and jean the restaurant even repurpose as a reuse is everything from food scraps to frying oil the result has been nothing short of remarkable the entire. amount of waste that's produced since opening a b

first headline reads how fracking is blowing up balance sheets of oil and gas companies now the u.s. energy department e.i.a. that's the energy information agency looked at the data coming out from the oil and gas companies regarding fracking and this is from their own report you can look it up on the e.i.a. dot org dot gov actually and it says based on data compiled from quarterly reports for the year ending march thirty first two thousand and fourteen cash from operations for one hundred twenty seven major oil and natural gas companies totaled five hundred sixty eight billion dollars and major uses of cash totaled six hundred seven.

first headline reads how fracking is blowing up balance sheets of oil and gas companies now the u.s. energy department e.i.a. that's the energy information agency looked at the data coming out from the oil and gas companies regarding fracking and this is from their own report you can look it up on the e.i.a. dot org dot gov actually and it says big.

i hadn't realized how important coal remains in the u.s. energy picture until i traveled through west virginia and into kentucky for research on this book. coal remains an environmental question. when president obama issued new standards for coal burning a couple of weeks ago, the outcry was immediate. it was a bipartisan condemnation from congressmen and senators from both states. this is a passage from the chapter entitled "coal country." wood roe mosley, a morgan county miner, gestured toward a hillside. you ought to go up there, he told an interviewer in 1988. it looks good from our way, where you see. it looks good. but see what you see on the other side. there ain't nothing there. they anticipate even pushed no -- ain't even pushed no dirt over where they got the coal. mining companies efficiently exploit the rich coal seams lying near the surface. the miners put explosives to what they call the overburden, layers of soil and rock that cover the seams. earth-moving machines lop up the summits and dump the spoil in the upper reaches of the va

u.s. here is focusing on becoming energy independent. of course pipes will be an important piece of the infrastructure that moving crude around. a lot of people already believe they are already a safer alternative to rail and barge which are the other means of transportation out there. they're also potential better suited to move high volumes as well. one company could benefit from typeline expansion, the company working hard investing about 4.5 billion in safety tools, including what they call smart pigs. they run through devices, detect issues before they become problems. the company can remedy the issue with very much a lot of precision. other companies to watch in the space including el paso and kinder morgan. on average they pay a 5% defend yield, so that's always good for shareholders. this is actually an enbridge pipe next to us. smart pig came through here. it moves 2 million barrels of crude today. they detected an issue, they repaired it and we're ready to close this one up soon. guys, back to you. >> that's a big pipe. >> mass

you jump to the u.s., energy prices are at low levels. there is plenty of labor around.e seeing the buildings, -- big buildings, industrial buildings that would have been built in china three years ago, now being built in the u.s. because of the competitiveness and the market opportunity. we are seeing a shifting of demand from china to the u.s. the economic fundamentals in the u.s. are good. i am really bullish on the u.s. market. >> what about steel prices right now? whatare you predicting and about the pricing power that you have? where do you have the most pricing power? tough in steel to have pricing power because there is so much competition. material costs are coming off, as we have all seen. steel prices are coming off much more slowly. margins that are actually expanding. there are three reasons for that. one is the world can now accept record chinese exports and it does not affect price. the second one is that china produces profits and environmental performance overgrowth. they are holding their margins up. steel companies have benefited from owning their own

first headline reads how fracking is blowing up balance sheets of oil and gas companies now the u.s. energy department e.i.a. that's the energy information agency looked at the data coming out from the oil and gas companies regarding fracking and this is from their own report you can look it up on the e.i.a. dot org dot gov actually and it says based on data compiled from quarterly reports for the year ending march thirty first two thousand and fourteen cash from operations for one hundred twenty seven major oil and natural gas companies totaled five hundred sixty eight billion dollars and major uses of cash totaled six hundred seventy seven billion a difference of almost one hundred ten billion dollar yeah well we've been saying this for a couple of years about the fracking hoax essentially fracking is a hoax that's not an economically viable way to explore for energy the upfront costs are so enormous that the possibility of making a net profit from this business is zero it does so ever cause incalculable environmental damage it does in fact add to the indebtedness of the country whether i

. >>> the energy boom is about to enter a new phase, here's the problem. the u.s. is producing too much natural gas. fracking has created a gas glut. and that has sent prices plummeting. in interstate, gas, which is the red part of the graph there, was $8.60 per million british thermal units. btus, but as the shale ramped up, the blue part of the screen, the places cut in half. and if 24th stay low, it could stop producing, and one solution is to export natural gas, and some say that could make it worse. >> on a louisiana bayou near the texas border, the mosquitoes and the alligators mingle in a growing part of the energy sector, they're used to sharing the real estate with the chemical plants, but a new and very different type of projects is underway, and it's making this ballmy hamlet the center of the natural gas revolution, turning it's focus from importing to exporting. these terminals will liquefy the nation's natural gas and ship it out to europe and asia some time in 2014. it's the first of its kind in the lower 48, and the biggest sign yet that america as

starts importing coal in ernest, importing coal, even as the president's war on coal slashes jobs in u.s. energy production and cuts economic growth. in the background today, troubling new developments as terrorist group isis seizes seven oil fields in iraq. can this nation achieve energy independence and security? how can we do it? for more on this nick loris, with the heritage foundation. welcome, nick, good to see you. >> good to be here. gerri: all right, i i want to start with this imports surging, 44%. we're importing coal. we're the saudi arabia of coal, yet we're importing coal for use in our coal-fired electricity plants. how does this make sense? >> it doesn't really and we have about 500 years worth of coal here in the united states. if we could buy it elsewhere cheaper that's fine, that makes economic sense. when we have this conglomerate of regulations coming down on the industry artificially driving up cost and devoid of any environmental benefit it is not only affecting industry but us as energy consumers, driving up prices and hurting american families and businesses. >> i think

want to know how to ride the u.s. energy wave? look no further than the mid cap marvel. this is where we find mid caps that quietly crushed it out there. a drilling and pressure pump company whose stock is up 30% this year, but up 67% year-over-year. talking to the ceo in a fox business exclusive who is behind this rapidly growing success story. the company is patterson-uti energy. >>> walmart is warning on full year profit highlights massive challenges facing the big box retailer as it battles amazon and trying to get consumers to open their wallets. the question becomes should walmart be in your portfolio? is it a buy? a sell? a hold? two analysts with differing opinions are duking it out next. stay tuned. [ male announcer ] ours was the first modern airliner, revolutionary by every standard. and that became our passion. to always build something better, airplanes that fly cleaner and farther on less fuel. that redefine comfort and connect the world like never before. after all, you can't turn dreams into airplanes unless your passion for innovation is nonstop. ♪ . liz

energy? jackie deangelis looks at efforts to predict existing oil pipelines and make sure future products are secure. >> reporter: as the u.s. strives towards energy dependence, the debate to transport safely heats up, pipelines, how to make them more efficient and limit accidents. energy partners is one company leading the way, protecting the 50,000 miles of pipe using smart pigs, launched into pipes, they find stress, cracks and corrosion alerting the companies to issues before they arrive. >> smart tools are the primary source for being able to go in and understand what is going on with the pipeline. >> reporter: recent rail accidents and a barge accident in march that deposited nearly 170,000 gallons of crude into the houston ship channel are prompting industry experts to believe that pipelines are the safest way to move high volumes of crude. >> i think if you look at the safety record of crude oil pipelines versus alternates, pipelines come out, you know, on top. >> reporter: transcanachanc rai the debate. while the project would bring jobs to the u.s. and transport 8,000 barrels of crude a day, environmentalists worr

capacity to increase that somewhat and all of the major players including the international energy agency u.s. department of energy are or are forecasting the creases are less oil production or excuse me iraqi oil production really counting on that in order to make up for shortfalls from from other countries so it iraq definitely does matter and what we're saying right now of course with with isis upsetting the apple cart is that is of concern to all players and that's i think that's main reason why the u.s. has now changed direction and and committed weaponry airstrikes if not yet ground troops to to that region again richard what about russia that's a big topic political in today given economic sanctions in the conflict in ukraine and now american politicians want to undercut putin's greatest geopolitical asset oil and gas so can they do that. well yes to a certain degree we have to see this in context russian oil production which has been. mostly the top producer russia's been mostly top producer in the world for the last few years sometimes. for a month or two saudi arabia overtakes russi

part of a joint venture between the palestinian opened construction company, ccc, and the foreign u.s. energy trading firm, enron, back in 2003. ccc is the largest in the middle east, $5 billion, and builds infrastructure projects, including the largest mall in dubai. overseeing the construction of the power plant, he's director in gaza of the palestine generating company. his job is to separate business from politics and get things done, but as challenging as a place in gaza, he joins us now, and thank you for being with us. how do you contemplate rebuilding the power plant in this kind of atmosphere? i assume that you could not start doing the amount of work until there was a truce and things settled down. >> the situation, as you know it, is political, things are not clear, but we start a lot of our mission now, and we have a plan now in two stages. the first stage, to supply some of the power to gaza, because you know this power station is supplying to the city, and there are 700,000 people there. and we start immediately now. we are in touch with the international organization who promis

in 2013, only the u.s., represented by the blue lines in this u.s. energy information graphic produced more oil and natural gas than russia, represented by the green. russia is one of the top steel exporters across the globe, ranking in the upper five, according to the world steel association. then there's russia's arms export industry, which is second behind the u.s. so aren't president obama's remarks flat wrong? >> president obama doesn't mean literally that they have no viable economy, just that it's a type of economy that's vulnerable to sanctions. >> ceo of the commonwealth club, with an expertise in russia, dr. duffy says the president is highlighting the primitive nature of russia's economy. it's not centered on a high-tech world. it's oil heavy, likely making sanctions more effective. >> and in truth, the russian stock market was down by 11% last month. there is some impact of sanctions as well as other factors that are challenging their economy. >> speaking of which, the newest sanctions against russia target two big energy firms, a couple financi

senate. >> my name is john hammonds, senior director of the u.s. energy association, and i'd like to welcome you all here for this presentation. i'll give a short introduction, then i'll turn it over. unfortunately, our center screen was not working, as you saw, but these two side screams actually have better -- screens actually have better clarity, so you'll get a better picture. klaus lakner is the professor of physics in the school of engineering and applied sciences and the director of the center for sustainable energy at the earth institute at columbia university in new york city. his research interests include closing the carbon cycle by capturing carbon dioxide from the air, carbon sequestration, carbon footprinting, geoengineering, innovative energy systems and their scaling properties, the role of automation, robotics and mass manufacturing and down scaling infrastructure system ises and energy and environmental policy. klaus earned his ph.d. in theoretical particle physics in 1978 from hiding berg university. after a post dock at cal tech, he jo

this news drags out over the weekend and maybe accelerates next week, is still going to be the u.s. energy exploration and production names. look at the xop, the ieo. the two most popular etfs that own explorers and producers here stateside. those stocks do well when people worry about this time of headline risk. >> people going, treasury es. ten year yield, 231. low nest more than a year, since june of 2013. our topic at the outset here was supposed to be a tug-of-war between stocks and bonds. >> right. >> who's getting it right? stocks climbing a wall of worry. bonds have been going up. the ten year has been telling you that there's a lot of risk within this market. >> one of the quickest moves you could have made this year, acknowledge that you were wrong on the call of higher yields, which i did. that's worked incredibly well for me. 2.30 in a u.s. ten year thinking ahead now to jackson hole next week i don't think there's a way janet yellen comes out in as hawkish and some suggested. you have the commons today who previously was a dissenter appearing much more dovish than previous. cl

this creates the fourth biggest u.s. energy company.y are looking for growth amid the shale drilling industry. amazon is blocking a pre-orders of "captain america." they have experienced this with warner bros.. authorities have ordered mcdonald's to reveal their product sources. a shanghai supplier was caught labeling old meet as fresh. brands is also being required to list supplier information. >> let's go to the geopolitics of the moment. we absolutely stand behind iraq massoon, so says john kerry. richard haas is with the council on foreign relations. if i can have you walk through the president of iraq, does that mean we are not standing by the prime minister? >> it does. the problem is, we cannot insist or install who we want. this is an american vote of no-confidence. >> who will make that decision? >> in terms of the new prime minister, maliki will do everything he can to stay on. his backers have a lot of power. >> let me go to the money. that is south and east away from this turmoil. shiiteliki control the people to the south?