u utica, somewhat good, somewhat bad. how much is utica really worth on top of marcellus?ou look at marcellus, people have started to identify and really say where the sweet spots where. with the utica, they thought it was going to be the succeed coming of the eagleford shield down in texas. i think what we've ended up with in the utica is a narrow liquids window, but a very, very prolific dry gas area. >> do you think that natural gas has to go to 6 to be able to take care of the capital flows that you need? because you are levered. and that's worrisome to me, because natural gas comes back to 3, i know you're hedged on more than half for next year, but your capital program won't work if natural gas goes down a lot. >> yeah. i think if you look at our capital program, it's important to be able to bifurcate our drilling and completion capex, which drives the producing cash flows, versus the clothes we'as we're making, and those are one-time investments. >> are you going to have to borrow a lot of money? >> no, not necessarily. i think if you look at a company like cabot, t

after a decade on hiatus the operator of japan's crippled new tip out onto cushy iemma announced in utica tiny radioactive water on thursday. detectives said around one hundred tonnes of ore to escape from a tank and some towels for the rest of them. it was the most serious incident since our oldest when three hundred tonnes of contaminated water when the kids. south korean square in north korea on tuesday. to me credit if they hadn't seen for more than six decades it be known re unions for the past three years because of tensions between the two countries. millions of koreans separated from m bennett it's like a bolt from nineteen fifty to nineteen fifty three. that left a tendency to spit into. head on. sth. also the week of finance in ukraine. friday saw some political developments in tn. president kim cull on the main opposition leaders signed an agreement ends in resolving the crisis. it sent some plans for new elections limits to the president's powers and the formation of an interim government. it was the result of almost thirty hours of talks cricket by eu foreign ministers includ

for petrochemical products for plastics and this pipeline would ship natural gas liquids from the utica shale marcellus shale producing regions down to the gulf coast where they would go to refineries so you know the first point they're going to but i want to point out is that when you were just looking at that ad which talks about energy independence the thing about this pipeline the product that's being shipped i mean this is not for electricity generation this is for the petrochemical industry you know the american chemistry council predicts that over the next five years they're going to forty five percent increase in exports of this product so this is about connecting you know for industry to get this product to market to ship it to foreign markets so they're taking to the seacoast yeah that's part of it and a lot of these you know the petrochemical industry a lot of these refineries processing plants are based in the gulf coast so you know if companies could they would want to take this product and have it done in new jersey pennsylvania but the best facility down in the gulf coast

we serve pennsylvania and ohio, the marsalis and utica shale. we do a booming business in practice and. fracas and as you note is required for this hydraulic fracturing. good lord in his infinite wisdom, i should say in her infinite wisdom, decided to put most of the fracas and in this country up in wisconsin. the great thing about wisconsin, it's a great rail haul to pennsylvania. so when we see cars with stancu by can we look up in the heavens and say thank you. have you got any more for his? we all of a lot of chemicals for the fracking business, a lot of hype. were hauling more and more natural gas liquids, particularly coming out of the utica and then finally there's the crude business which has been a remarkable growth story for us. we went from handling, i don't know, three cars or whatever it was, no cars five years ago. lester norfolk southern alone hauled 75,000 carloads of crude. and we expect that business to continue to grow as well. crude will take me then to the last i wanted to talk about briefly, and that's regulation. i was in

york, the home of the utica club. fourth of july in winter. they have winter.nly 64 people who live in norway. has won the olympic gold medal 4 times. >> when you went down the luge were you scared? >> scared to death. >> do i get to tease our program at all? on "in the loop," we are talking with sallie krawcheck good the unspoken truth of gender equality, or lack thereof. it is going to be a great program. we got our makeup done together. you know, women can lose 60 hours a year getting their makeup done? >> i spent too much time there. >> that is a full work week. >> lost productivity. >> lost time that guys don't have to do. >> we go to make up together, uni. you are done in 2 minutes. >> an hour of hr violations with me at stephanie ruhle and sallie krawcheck. >> thank you so much. on the olympics, i have to admit , i complain every time and i love watching them. it's great. >> let's look at what is coming up on "surveillance." we will discuss how you turn -- turnaround puerto rico. that is without guest host, steve miller. ♪ >> this is "bloomberg surveilla

we serve pennsylvania and ohio, le, marsalis and utica sha we do and enormous business in fracturing sand. the good lord in her infinite wisdom decided to put most of sand in this country in wisconsin. the great thing about wisconsin, it is a great rail halt pennsylvania. when we see cars of sand go by, we look up to the heavens and say, thank you, have you got any more for us? for thea lot chemicals fracking business, a lot of pipe. we are hauling more and more andral gas liquid, then there is the crew to which is a remarkable growth story. we went from handling, i don't know, three cars or whatever it was, no cars, five years ago. last year norfolk southern alone hauled 75,000 carloads of crude. and we expect that business to continue to grow as well. crude will take me to the last thing i wanted to talk about briefly, and that is regulation. i was in a meeting, along with most of the other class one ,eo's, about four weeks ago now along with representatives from foxx, withecretary the administrators of the fr .r.a., to talk about the issues of handling crude oil. you have heard th

months ubrey mcclenlendoclendon american energy raised a good amount of money to buy more land in the uticaey've now raised $2.9 billion overall. they aujs ujuj ujnnounced seve 3 1/2% convertible subordinated notes. why do i mention this? it gives the overall valuation of the company that will be issuing shares to $5 billion from what had been $1 billion when we first brought you the story. some of that programs due to the big rise in the price of natural gas and for that let's check out the action in commodities and go to jackie. take it away. >> good morning, david. let's stick with the theme and talk about energy and nat gas. we are seeing selling pressure in the complex. nat gas after hitting a five-year high today coming back down slightly but still over that critical $6 mark. we're going to get the inventory numbers out for the week ended february 14th. traders are looking for a drawdown in supplies of about 250 billion cubic feet. to put it in context, that is higher than the five-year average of 118 billion cubic feet. we've been seeing a few consecutive weeks of these drawdowns so

made a lot of claims that utica would be big in ohio. well can it is!in a part of ohio that no one thought was there, bravo! bravo! >> all right my friend, you stay there. we'll get to rick santelli on consumer sentiment. >> 81.2 is the preliminary february read and exactly the same as our final january read, 81.2. and depending on whose expectations you are looking at, it's actually a little bit better than expectations even though it's a lateral move. so, the last bit of data for the week's in. yields are mostly unchanged. david faber, back to you and i hope you have a good three-day weekend. >> thanks so much, rick. appreciate that. and to you, my friend, you are going to take a little more than a three-day weekend. >> got to get some sun. got to get some sun. i'm wilting. >> it is time. >> the only guy that has sun is krar quintanilla. sochi is unbelievable and we're miserable. another day i have to wear my mucks. >> it's a good luck. >> thank you. >> all right, thanks, jim, enjoy. >>> simon, what do we got coming up the next hour? >> 9,000 flights