chevron has an agreement, a production-sharing agreement in western ukraine for unconventional gas. and in a sense, i suppose if ukraine were to stablize you could see these projects moving forward. russia state oil company rosneft has been very supportive of the development of unconventional oil resources in russia and it has team up with exxonmobil. in may it teamed up with bp on a pilot project in the volga, urals, exxonmobil is in siberia. u.s. energy information estimated that russia's technically recoverable shale resources are 75 billion barrels of oil. the largest in the world, the u.s. ranks second. so in a sense, there's this energy competition between the u.s. and russia but for russia energy is also a lifeline for its economy. now that bring us backs to one of the subjects of today. given its proximity to russia, the e.u. has developed direct oil and gas pipeline links to its eastern neighbor. the level of russian dependence varies by countries in the e.u. but if you see which countries are most dependent on russian gas, it would be germany number one, is the largest impo

and it is striking that in the united states they have something like 100,000 unconventional gas wells dug where in the whole of europe it's something like 100. we have about three quarters as much gas across the eu as in america. i don't want us to miss out on this. it could help deliver more energy prices help keep our economy and industry competitive and vital for the future of our country. >> parliament might be about to close down for is summer but even that won't stop people having babies getting injured and needing routine and emergency care. so in the light of the forth coming report at the hospital, can we have a word with his friend and make sure the treasury is going to fund in full the changes to health services that the university hospital has to provide and which has to provide no extra cost to the health of people? >> i certainly take into account what the honorable lady says. i'm following the situation very closely and regularly advised about it. changes do need to take place. this inspection taking place is absolutely vital. i think the important thing is with where w

we have about three quarters as much unconventional gas across the eu as there is in america. i don't want us to miss out on this. it could help to deliver more competitive energy prices, helped to keep our economy competitive and our industry competitive, and i think it's vital for the future of our country. >> parliament might be about to close down for the summer, but can i tell the prime minister that even that won't stop people having babies, getting injured and needing routine and emergency care on the nhs? so in light of the forthcoming -- [inaudible] make sure the treasury is going to summon the changes for health services across the north the university hospitals has to provide and which has to provide no extra cost to the health of people? >> i certainly take into account what the honorable lady says. i'm following the situation very closely and readily advise about it. changes to need to take place. this inspection is taking place is why. i think the important thing is where we have problems is not to try and hid-but you probably ads them. actually today a report, 1

chevron has an agreement, a production-sharing agreement in western ukraine for unconventional gas. and in a sense, i suppose if ukraine were to stablize you could see these projects moving forward. russia state oil company rosneft has been very supportive of the development of unconventional oil resources in russia and it has team up with exxonmobil. in may it teamed up with bp on a pilot project in the volga, urals, exxonmobil is in siberia. u.s. energy information estimated that russia's technically recoverable shale resources are 75 billion barrels of oil. the largest in the world, the u.s. ranks second. so in a sense, there's this energy competition between the u.s. and russia but for russia energy is also a lifeline for its economy. now that bring us backs to one of the subjects of today. given its proximity to russia, the e.u. has developed direct oil and gas pipeline links to its eastern neighbor. the level of russian dependence varies by countries in the e.u. but if you see which countries are most dependent on russian gas, it would be germany number one, is the largest impo

chevron has an agreement of production sharing in western ukraine for unconventional gas. and in a sense i suppose if ukraine were to stabilize coming you could see these projects moving forward. the state oil company has been very supportive about the development of unconventional oil resources and it has teamed up with exxon mobil and other pilot project in exxon mobil and west siberia but the u.s. energy information administration has estimated that they are technically recoverable in the 75 billion barrels of oil the largest in the world. there is an energy competition between the u.s. and russia that for russia energy is also a lifeline for its economy. that brings us back to one of the subjects today given its proximity, the eu has developed direct oil and gas pipeline links to its eastern neighbor. the level of russian dependence varies by countries in the eu but if you see which countries are most dependent on russian gas it would be germany number one as the largest importer. there's austria and the countries of eastern central europe are very dependent on russian

economic growth and we should not hold ourselves back from new source us of energy ncluding unconventional gas. it is strikes that they have 100,000 gas wells in the united states. where in europe there is 100. we have a quarter of it that is in america. it could help to deliver more competitive energy prices. it will help to keep our economy competitive and our industry competitive and i think it's vital for the future of our country. >> jane worley. and emergency career on the nhl. , can i light of this have a word with him and make sure that the treasury is going to fund the changes to health services that the university hospital is going to provide and which has to provide at no extra cost to the people? >> i certainly take into account what the honorable lady says. i'm following the progress closely. changes do need to take place. it's absolutely vital. where we have problems is to properly address them. and today bruce kio is reporting a year on from his report when he took 11 hospitals and what his report will show is that all 11 of those are making improvement. we need to make sure we

gas -- >> your name, affiliation. >> my name's mariah blake, i'm with mother jones. pop a gating unconventional natural gas production in other countries, and i'm wondering what has been done on this front so far, whether the united states is stepping up these efforts in light of the cry ice in concern crisis in crimea, and there was also, i believe he said not enough was being done on this front, what more would he like to see be done on this front. >> okay. great. why don't we just go from here down to carlos. is that, does that work for you, jan? >> yeah, although we don't -- i think most of them are for carlos. >> defer from one ambassador to another. >> okay, on storage, you're correct, ukraine has 30 billion meters of capacity. that is gas which is within ukraine's ownership. whether there are specific entities within ukraine who own portions of that gas is not completely clear. that's one of the things that still needs to be confirmed. but one of the things that has been a great step forward is that the european union maintains a system for realtime reporting of gas stores of gas movemen

the government's capacity to manage the implementation of production sharing contracts for unconventional gas exploration and development. to address energy efficiency, usaid's programs is designed to enhance the program resulting from the poor use of energy resources in ukrainian municipalities. fortunately, flows of gas through ukraine to europe have not been impacted yet. russia and ukraine have both promised not to disrupt transit and the short-term impact of this cutoff has been relatively small in europe, but that is because it's not in the gas-intensive heating season, and because we've just gone through a relatively mild winter, so stocks are unseasonably high. it's critical that countries use these summer months to aggressively increase their supplies. we're working with the department of energy as they coordinate an effort to assist the most vulnerable central and southeastern european countries to assess contingency plans in case of a shut off. mr. chairman, the lack of immediate alarm in europe cannot lead us or the eu to become passive in addressing a long-term solution. while th

their natural gas production levels can be much higher if they use new technologies and a modern way of doing it and work on the unconventional side. if we put together a regulatory framework that understands how to do the shale gas exploration in a safe, secure manner, we can bring in the foreign direct investment into that, grow it and at the end of the day have additional gas sources of their own to contribute to the new reverse flows and new energy diversification to do elsewhere. in addition to bringing other forms of energy so that the system is more resilient. so for that i agree it's hard to do it all at once. you have to be careful about it. i think that's what we're trying to do. >> mr. yee, talk to me about how europe thinks and talking about this issue. you know, we're encouraged by developments like the third energy package which recognizes the immense problem allowing gasprom to control the transmission. for every step faurds there's step backwards. there's some openly opposing and the way they're conducting their business, a country like germany who just this week announced that they're moving forward or passed

know there's been a boon in natural gas production in the united states only largely to the unconventional gas strategies of horizontal drilling better known as fracking this is produced a lot of natural gas in north america and natural gas companies would like to export their product all over the world of particularly to asia and with the geopolitical situation in. the ukraine also to europe. however current u.s. law restricts natural gas exports which which has to be cool and targeted to will fight natural gas so the natural gas lobby which has been gaining strength over the years has been and embarking on an all out lobbying bonanza to win applications to export natural gas now this is a big issue not only because it would raise gas prices here natural gas prices here in the united states but it would cement the role of fracking providing a permanent incentive for more fracking and of course that leads to other ramifications methane leaks and other causes of global warming oh would result from this you know not to mention the pollution of water supplies and they are destruction of neighborh

that is where 75% of unconventional gas and liquids are.pportunity, where they are doubling down, or they are hoping to do deals in the future -- where they are hoping to do deals in the future. he said he thinks it is probably too early to be calling it a recovery. that are some areas encouraging. we think europe as a whole has seen a bottom but it is early to call it a recovery. if you just stop the bleeding, is that really a recovery? how many jobs have we created? how many young people have we employed and given them a future going forward? >> of course, they also tried to get him to weigh in on the ecb meeting today and to weigh in on drug a little bit. he dared as most tentative. he thinks that david will do the right thing -- that draghi will do the right thing. >> why don't executives comment on draghi or the ecb? >> maybe they do behind the scenes, not publicly. >> why? >> perhaps they do not feel it is their expertise. >> they may get some political blowback. inhe licking his wounds terms of losing out -- losing out on the ahlstro

their natural gas production levels can be much higher if they use new technologies and a modern way of doing it and work on the unconventional side. if we put together a regulatory framework that understands how to do the shale gas exploration in a safe, secure manner, we can bring in the foreign direct investment into that, grow it and at the end of the day have additional gas sources of their own to contribute to the new reverse flows and new energy diversification to do elsewhere. in addition to bringing other forms of energy so that the system is more resilient. so for that i agree it's hard to do it all at once. you have to be careful about it. i think that's what we're trying to do. >> mr. yee, talk to me about how europe thinks and talking about this issue. you know, we're encouraged by developments like the third energy package which recognizes the immense problem allowing gasprom to control the transmission. for every step faurds there's step backwards. there's some openly opposing and the way they're conducting their business, a country like germany who just this week announced that they're moving forward or passed

any country that's interested in doing it and we have a program at the state department, the unconventional gas technical expertise program that specifically putts together that framework for countries interested. >> you know, to the best of your knowledge, the company that is went in and subsequently left, did they leave because the oil and gas resources weren't there? too expensive to leave or corruption or some combination? >> it was not the issue of corruption but the resource. >> okay. can you speak to me a little bit of spot pricing versus oil indexing pricing and the affect it has on the situation in europe in terms of gas? >> europe buys its gas by pipeline from some of their suppliers. and they can buy l & g and bring in as liquefied natural gas through other ports. they have long-term contracts and there are spot prices. the long-term contracts that they have with russia, for instance, been renegotiated a couple of years ago. some of them are coming up for renewal. the price in europe has traditionally been relatively high. it's come down over the last couple of years. part of that is

ten times less efficient than saudi crude the gas printing these factories could provide power to three thousand households every day. is an unconventional source of energy like shale gas the latest technologies are required to to extract thirty eight. oil. has heard senator if you're interested in c.d.o. why did you finish your. third section. so what i'm going to do now is the hot water structure so this is after mining trucks and shovels have done all their work all of the deposits gone through the crusher to bring it down to that size then they add hot water and start mixing it because they need to add air to make sure that all of that bitch and starts to float away that's when to do right now the heat is important because naturally it's very thick and heavy as i mentioned so this is fiction in that room temperature. so what they have to do though is they have to dilute it this is done with what's called not so so once the bishop has been diluted it's very thin very runny it's kind of like this and that's a little bit of human will then go through a series of centrifuges and settling plates listlessly hero you know the tool that you

gas markets. we talked a little bit earlier about, you know, how the unconventional oil and gas successes we have had in both u.s. and canada. certainly our part of this story and then now we're going to hear how the mexican oil and gas reform may fit into that north american picture and certainly we will -- we're going to hear about it from some of the most knowledgeable people i can think of. we're going to start with jesus and then we'll follow right without delay to pedro and then ed. and then we'll have plenty of time for questions and answers from the audience. >> thank you very much. i would try to sort of lay the ground for the discussion that we will have later on. for some of you, some of the things i may present may be your knowledge, but it's basic for all of hem to know the essence of the reform and proceeded into the exchange of points of view. let me see if -- it's this one? all right, first in terms of this causing energy issues in north america, really it was very difficult and many friends and i did discuss about this or tried to discuss about this for years. it was really basic

gas market. we talked a little bit earlier unconventional oil and gas successes we have had in canada are part ofthe story. now, we will hear how the mexican oil and gas reforms fit into that north american picture. and, certainly, we will hear about it from some of the people who are most knowledgeable. we will start with jesus. and, then, we will go right, without delay to pedro, then ed. then, we will have plenty of time for questions and answers from the audience. >> thank you very much. i will try to lay the ground for any discussion for later on. for some of you, you may already have knowledge. it is important to know what is the essence of the reforms and the exchange. if somebody -- ok. all right -- first, in terms of discussing energy issues with the north america, it really is very difficult. room haveds in the discussed this. for tried to disk us this for years. basically, it is an empty discussion. an impossibility to discuss the interaction with energy. they are very significant. and any kind of policy for the future -- mexico could not. basically, it hadto discuss -- had no space to

chamber of commerce and published by i.h.s., concluded that the unconventional gas development supported over $900,000 jobs in recent years. the u.s. department of energy, however, recently changed the process in which it reviews and approves liquefies natural gas export projects to nonfree trade agreement countries. d.o.e. is release agnew report that explores the lifecycle greenhouse gas effects, according to d.o.e. the report will be used to, quote, inform its endigses, end quote, regarding greenhouse gas emissions of u.s. l.n.g. exports, for use of power generation in europe and asia, with this new report d.o.e. is compromising with intervening environmental groups who want the criteria and scope of the quote public interest, to include lifecycle greenhouse gas emission impacts. while d.o.e. claims that impacts are not reasonably foreseeable at this time, by acknowledging special interest environmental group requests for expanded cope g review, beyond the l and facility, -- l.n.g. opens the door. they already go through extensive environmental impact analysis during the project. the

gas markets. we talked a little bit earlier about, you know, how the unconventional oil and gas perspective we've had in the u.s. and canada, certainly part of this story and now we're going to hear how the mexican oil and gas reforms, they fit into that north american picture. and certainly we're going to about it from some of the most knowledgeable people i can think of, and we're going to start with jesus and then we will follow without delay to pedro and then ed, and will have plenty of time for questions and answers from the audience. >> i would like to also lay the ground for the discussion we will have later on. for some of you, some the things i would will present maybe knows but it may be basic for all of us to know what is the essence of the reform and then proceeding into the exchange. [inaudible] >> do i use this one, or what? okay. this is easy. all right. first, in terms of discussing energy issues in north america, really was very difficult. many friends in this room and i discussed or tried to discuss about these four years. it was basically an empty discussion to it was a dramati

gas markets. we talked a little bit earlier about, you know, how the unconventional oil and gas successes we have had in both u.s. and canada. certainly our part of this story and then now we're going to hear how the mexican oil and gas reform may fit into that north american picture and certainly we will -- we're going to hear about it from some of the most knowledgeable people i can think of. we're going to start with jesus and then we'll follow right without delay to pedro and then ed. and then we'll have plenty of time for questions and answers from the audience. >> thank you very much. >> thank you very much for coming, jesus. >> i would like to sort of lay the ground for the discussion that we'll have later on. for some of you, some of the things i'm going to present may be your knowledge, but it's basic for all of them to know the essence of the reform and proceeded into the exchange of points of view. let me see if somebody -- it's this one? oh, okay. okay. this is ease city. this is ease zer than this. all right. first in terms of discussing energy issues in north america really was very

we begin with an unconventional process for extracting natural gas from shale, a dense rock formation two miles underground. it's being touted as the hope of the future, the answer to our energy problems. and if you're sitting on top of it, you may become a new american phenomenon: a shaleionaire. and yet, as we all know, exploring for energy has safety risks. but as we first reported in the fall of 2010, that can get lost in all the excitement. what's increasingly evident is that shale gas is overwhelmingly abundant right here in the usa. >> in the last few years, we've discovered the equivalent of two saudi arabias of oil in the form of natural gas in the united states. not one but two. >> we have twice as much natural gas in this country-- is that what you're saying-- than they have oil in saudi arabia? >> i'm trying to very clearly say exactly that. >> aubrey mcclendon is the ceo of chesapeake energy, one of the largest independent gas producers in the country. he's on a mission to get us off foreign oil and dirty coal. gas has nearly half the carbon emissions of coal and no mercu

the white house says the president stressed the need for unconventional cease-fire in ga gaza. >>> andnetanyahu took to u.s. tv to say it is taking all the necessary steps to eliminate the threat. >> this week's totals, we just got this arsenal and will be stuck in five or six while we are there we can bring it along. >> martin, i've got to talk over the weekend that as far as the israelis are concerned they have lost confidence in john kerry and that perhaps we need to see somebody else pushing for negotiation here. what are your thoughts and what you are hearing there? >> reporter: this would be a huge disappointment expressing the media in john kerry's attempt to rain a cease-fire. there was a very sharp ffrgs from the israeli prime minister last night israel time. and that has resulted in an effective cease-fire. but there must be an immediate situation and that's the situation today. so actually things are all quiet now inside gaza and inside of israel. there was one rocketed fired but israel came back. that was proposed right in the begin. so now almost three weeks later of fight

you would need to develop or derail in the deep shale orhe arctic, for shale gas, and sort of some of the more unconventionalf. it does not mean a whole lot to the eu, some 300 50 million euros worth of exports per year, but why the europeans like it is it is minimally painful to them. is really no other place, they think, for the russians to get that, so they would not be able to ramp up their production without the technology. >> what does this mean for the defense industries? >> so we also have a weapons embargo. the french were looking to sell two warships to the russians, and they can go ahead with that, but any more sales are banned, and they cannot sell their 3 billion euros worth of weapons per year to eastern europe. pact in thee warsaw eastern european countries. russia will no longer be able to provide that, so it is a bit of an opportunity. >> ryan, what is the bigger picture at this point? is it assumed that russia will retaliate? >> i think that is a very subject. we have heard from the russians that they are going to ban american poultry exports, and they are looking at sanctions with country

through the development of our domestic energy resources, namely the expansion of unconventional resources such as shale gas and oil. through remarkable innovation, the u.s. has been able to access oil and gas from shell formations previously inaccessible or uneconomical to produce. as a result, we have quickly moved from energy dependence and weaker footing to energy abundance and strategy -- strategic leverage. at a time the economy has not recovered at an acceptable pace, gas production in a particular area, such as the shale in pennsylvania, provide a key source of economic relief and job creation. as a result of the marcellus, pennsylvanians and americans across the country are benefiting from lower heating costs. businesses are able to produce goods more efficiently. and manufacturers are looking to relocate to the united states to create products, support economic expansion, and grow jobs that were previously headed overseas. mr. speaker, if we are to sustain the same level of growth and expansion, policymakers must make smart choices for the future so we support rather than hinder this opportunity.