about 1.3 million acres in the utica shale. 1.3 billion of that 2 billion that we spent to acquire oil and gas rights have gone right in the pockets of local land owners in this area. and then you get a royalty. and the royalty is anywhere from 1/8 to 3/16 generally of all the oil and gas that we produce from here for the rest of time. >> i see movies telling me no, the story here is dirty fracking, the story is unhappy residents are, that they get the money but then you destroy them, you destroy their land. that's the story i read about. what's the matter with that story? it res naitsz. i see it. big box office success telling that story. >> other than it's 100% wrong. natural gas is the reason america has led the world in carbon reduction in the last four years. you read those crazy, you know, stories but the reality is, jim, that we've been fracking wells in this country since 1949 and our company has drilled 16,000 wells and used hydraulic fracturing on all of them. >> let's see your work. show us around. >> great. >> jim,

it sits on top of the utica deposit, rich with oil and natural gas, but how the oil and natural gas is retrieved is controversial, known as fracking, millions of gallons of pressurized water are mixed with chemicals and put into the drilled wells, fracturing the bedrock and releasing previously unrecoverable oil and gas. while the industry insists the process is safe, the environmentalists worry that it could contaminate the drinking water. the industry has come to symbolize the anti-fracking movement. >> the question really becomes in the long run whether the fracking itself, what they do with the disposal of the waste, what happens in the long run. >> reporter: despite the risks, many think it could be worth it. there could be a thousand wells drilled in the next two years, bringing tens of thousands of jobs to the area. the ripple effect with an eye on those jobs, the area high school is teaching welding for the first time in 20 years. at the local fall festival this year, the talk was more pipeline than pumpkin rolls. one family sold the drilling rights to the family's struggling e

remember, we talked to the ceo, aubrey mcclenden at the utica shale in ohio? i am a judge of mr. mcclenden. the most confident i heard him in multiple years. why? they have raised enough cash, and it can grow production by almost 20%. the newer conservative chesapeake. i think there will be more deals to announce to come in this quarter. i would be a buyer of kellogg on wednesday, but also of chesapeake on wednesday. i think those trades will work. friday morning, jim beam, beef. and our favorite is biago. and i care more about what beam has to say about the industry growth. beam says there is no slowdown, pick up biago, take some. last, but not least. chevron. this company preannounced numbers that nobody is too crazy, but they are far too often undervalued. if it's down going into the quarter and oil is strong the day before or we get a tight inventory number wednesday, pick up chevron. there might be a deep in the money call option. beyond earnings on friday, oh, boy, here is controversy. october nonfarm payroll report, remember, the thing under 8%, big hooplah. don't know if

remember, we talked to the ceo, aubrey mcclenden at the utica shale in ohio? i am a judge of mr. mcclenden. the most confidence i heard him in multiple years. why? they have raised enough cash, and it can grow production by almost 20%. the newer conservative chesapeake. i think there will be more deals to announce to come in this quarter. i would be a buyer of kellogg on wednesday, but also of chesapeake on wednesday. i think those trades will work. friday morning, jim beam, beef. and our favorite is biago. and i care more about what beam has to say about the industry growth. beam says there is no slowdown, pick up biago, take some. last, but not least. chevron. this company preannounced numbers that nobody is too crazy, but they are far too often undervalued. if it's down going into the quarter and oil is strong the day before or we get a tight inventory number wednesday, pick up chevron. there might be a deep in the money call option. beyond earnings on friday, oh, boy, here is controversy. october nonfarm payroll report, remember, the thing under 8%, big hooplah. don't known t

. ♪ >>> tonight i have the exclusive controversial ceo who started it all in ohio's utica shale.ime to stake your claim? stick around and find out. "mad money" is coming up next. >> selling against canada. >> lionsgate, lgf, buying that one out in march. >> i'm going to go with heather bellini's price target. do it at 675. >> i thought you were going to have a bellini after work. >> options action for options action followed by money in motion. right now cramer and aubrey. >> that's the sound of a market industry. that's the heat that forged america's backbone. that's the fire of american steel. reignited by the flurry of energy and development in pennsylvania and ohio. tonight "mad money" is in the heart of steel country to show you how the biggest oil and gas discoveries in a decade are putting a fire back under an industry left for dead. it's all heating up and we're reinvesting in america now! ♪

. >> and will it matter if we have utica turns out big.ore of the bonanza that we're looking for? >> that's a great point. the reason is because the renaissance here is actually in light oil volumes. and those light oil volumes need to get the market. so for our part what we're trying to do is move the volumes to the eastern markets, just east of chicago, certainly ultimately to the u.s. gulf coast on the eastern gulf. so that will help to address the price discounting that we see on the light oil side. >> who is going to help california? costco said they can't get enough refined product. we don't have pipe out there, do we? >> the likelihood of getting pipes in california is very low. >> separate country. >> all right. president and ceo of enbridge. you want to learn? you want to really understand this industry? they gave you a full day presentation and it is brilliant. thank you al monaco. great to see you, sir. >> thank you. >> i like this stock. >>> coming up, crossfire. there's a shootout on the street over the future of one big name

our first tweet comes from heffreyb, i'm a 24-year-old manager of a oil service company in the utica and tsco has become a small parts lifeline. it's what we call a voice of cramerica message where you the viewers clue us into things in your life, your experience that might not be on our radar, particularly mine. i never saw this kind of thing there. now i'm thinking regional tractor supplies to regional areas. second, i want to remind everyone that we are doing a special invest in america show from ohio on thursday. ohio. that's right. "mad money" hits the buckeye state just like all the presidential candidates, talking oil, unlike them, talking oil and the nat gas boom, talking jobs, and talking, yes, keeping the american dream alive. i am very excited about this. tractor supply. i got to tell you. this is a high growth company that does have terrific, terrific prices, and is in a lot of places where there is individual farms. in new jersey -- oh, i tweeted this @jimcramer. it's the garden state, for heaven's state. we have farms everywhere. there is a lot of farms in jersey. we ha

the utica observer dispatch newspaper reports the victim and her boyfriend had been tweeting back and forth about this -- his weekend visit the paper reports her last tweet early on saturday morning was just two words. should have known. investigators say a short time later she was dead. police say they picked up her boyfriend at a rest stop half way to canada. the use that newaper reports investigators say he admitted that he killed her. but he has since pleaded not guilty to murder in the second degree. muslims reportedly torched 10 buddhist terms after claiming a buddhist boy had posted a photo of a burned koran on facebook. our top story as we go around the world in 80 seconds. bang gle derby. though sands of protesters lit up dozens of homes along with those terms. according to a local newspaper, the boy says the photo was mistakenly tagged to his facebook account. cops made more than a 160 arrests. the government vows to rebuild the victims' homes. pakistan thousands of families are now in camps for the homeless after monsoon rains flooded much of the country. unicef officials s

not just ohio, but the entire region as they tap in to the utica reserve. that's the big nat gas field that's under eastern ohio, southeastern ohio, as well as western pennsylvania. >> how is this going to like change the states? i've got visions in my head of what colorado and texas and oklahoma look like 30 years ago where you just drive along and you see wells pop up. is that what now things are going to look like when driving on the ohio and pennsylvania turnpikes? >> reporter: well, you don't see the wells. it's different wells than the ones we're used to seeing where you see the rig going up and down as you drive through rural texas or oklahoma. you don't see the fracking wells because they are pressurized. but clearly, you go to southeastern ohio, chuck, you really notice that there is a change. you see a ton of the oil and nat gas delivery trucks driving around. a lot of construction trucks. especially in those rural towns, this is having a huge impact and one last thing, chuck. that's also coal country. you drive around down there -- i know you've

. >> some of the smaller midcap and e&p companies focused on the newer generation based is the utica,ermian basin, et cetera. certain values that allows us to take a greater risk. >> ironically, two of the areas, pennsylvania and ohio, that are the swing states in terms of this election, as many people think, are actually very big plays in terms of energy. you've got thoughts in terms of that. share with us your thoughts. >> it's interesting. over the last several years you've heard us talk about disruptive technology and the concept of what's really happening is carbon landscape is diversified. specifically in two key states, ohio and pennsylvania, you have respectively the utica and the marcellus shales. historically, where energy policy hasn't been a big deal or mattered all that much, in today's deal it becomes critical in the election because those states rely on future job growth that are tied to that technology. >> let me ask you about job growth. you invest in a lot of these companies, public and private. is it the federal administration or the private capital that's created t

reporter: around 4:00 a.m., about 100 miles away at a rest stop, police arrested whittemore, a student at uticaollege and standout hockey player who was featured in athlete of the week in 2010. according to the complaint, whittemore initially admitted to killing his girlfriend but didn't give a motive. on saturday, he pleaded not guilty to second-degree murder. >> she was so bubbly all the time and happy. she was just the best friend anyone could ask for. >> reporter: in a statement released by kogut's family, they describe her as a bright, beautiful young woman whose lovely and sweet demeanor was infectious. her funeral is scheduled to take place on thursday. whittemore is being held without bail. >>> now, to the incredible video at the center of a multimillion-dollar fraud trial. a man driving a supercar, swerving into a texas lagoon. the insurance company says he did it to collect the $2 million policy. but abc's john schriffen is here with more on what's developing. >> reporter: the reason this video has more than 3 million hits online is because of the car. it's so rare, experts say you ma

next is utica, mich., independent of voter. caller: good morning.hese super packs doing these ads, they don't have your best interests, they have their own agenda. a lot of them are just half truths. it is a big turn off. just as irritating is the phone solicitors with a tape-recorded and for their candidate. in michigan, when you vote for a primary, you have to either be republican or democrat. i am an independent so i voted on the republican ticket for the primary. i get messages for the republican party practically every day on my fun. it is so irritating. that is my comment. host: is that enough to sway your vote? would it discourage you from picking a candidate or party? caller: i believe based on the debates whether i will vote for somebody or not. are you talking about the fun part or the political ads? host: let's take both. caller: it does sway me. these people run the super pacs must think we are really -- really stupid running these after it and not telling the whole story. hanno they have an agenda. that is why they are spending -- i kno

>> we're doing very well with the development of the marcellus share and the utica natural gas here inlast five, six years we've drilled close to 6,000 wells, 2,800 are already currently producing, so it is growing jobs and going to grow future jobs. shell has decided to site, we believe they will site an ethylene cracker facility in western pennsylvania that will provide jobs in the short term and also in the long-term because the petrochemical industry we think is going to grow around it. and it's going to grow over into west virginia and over to my colleague, john kasich, in ohio. >> the president, tom, talks about how under his administration all this increase of drilling, the fact, has the federal government been your partner in this or have you had to overcome them in. >> we've had to do our own environmental enforcement. we've had difficulty with the epa in a number of different areas when it comes to business. obviously when it comes to coal, they've been very difficult with us. with the natural gas, we're much more on top of it than they are. they want to double check, triple

the state believes they are sitting on a potential gold mine, the marcellus shale and utica sale in theortheast corner of the state. romney is trying to tap into that. i have not dared the president speaks much about much of opposing coal. -- i have not heard the president's speech much about opposing coal. host: do the gas prices rising in california and other areas impact on voter turnout? guest: the president spoke about energy earlier this year at ohio state and gas prices were about to hit $4. the narrative at the time was the president wanted to get ahead of the spin. incumbents usually have a difficult time at winning reelection when the economy is not so good. in this entire election process, it's fine to look at the narrative of this bad economy. the fact that we have an inflationless that economy. that's got a long way to help democrats tried to hold . as we all know, with a bad dose of inflation, all of us would feel it. you go to the grocery store to try to buy milk and bread. it's not been the case in this election cycle. inflation is next to nothing. host: this is a map of

. >> utica shale. >> i don't mean to diverge, we want to get back to alcoa but i've been curious, thereeem to be two differing opinions here about are we really -- we may be drilling less but still active. >> we're drilling like mad for oil. the rig count is very, very low in this country and if you listen to haliburton and baker-hughes you'll come away shaking. tlls' tremendous offshore drilling, thank you, brazil, a differential between west texas and brent, so brent is terrific but we have an amazing glut in oil and we are burning off more natural gas in this country than we are using, which is extraordinary, if you go to a site, no oil company wants to tell you this, but they're sitting there, you see the flames. they're sitting there burning off natural gas because they have no place to put it. >> i assume you think nat. gas trucks, all of these stocks are fulcrom stocks? >> natural gas $3.50, get a colder winter i think it goes higher. there's not enough refineries being built. dow chemical can't build them all. way too much methane, it's not cows for you people telling me in the

and one of the reasons we're bucking trends, we have oil and gas, and in the marseles and the utica shaleich and the legislature are opening up lands for drilling which is essentially creating jobs throughout the state in some of the most depressed counties, despite regulations and despite headwinds from washington. >> clayton: right. you know, it's interesting as you look at the counties and certainly the electoral map and you look at the number of votes needed in certain counties and it looks like pundits have been able to nail down, what, five counties across the entire united states that are incredibly important, i think two or maybe even three of which wind up in ohio, cuyahoga county and franklin and why are they important to the election? >> i can talk personally about that i'm running for the u.s. senate and running a dead race and up in recent polls and talking to you right now from cuyahoga county one of the most populated and democratic and where i was born and raised it's a dog fight dead heat in this portion of the state in northeast, ohio. president obama was at our airport