and then the utica came our way and we have dry utica.est wells on, 42 million cubic feet of gas a day. 97% gas, no liquid so it didn't have to be processed. so the big trunk lines love that gas. >> we went to chesapeake where they thought it was oil and it's more gas. >> it didn't have enough pressure for them. >> now let's talk about the idea that you may need to sell some more assets in order to be able to have enough money to fulfill this drilling program or maybe you do need to sell some stocks or bond. when you're putting up the numbers even though the cash flow is great, your eyes some people would say are bigger than are allowed but what's coming out of the ground. >> always had that problem. >> it's done well for people who got in. >> people have to remember i'm a former banker. nine years of banking. i know the finance world pretty well. with respect to asset sales we did about 600 million last year. i already got 130 million announcing over the next ten days and these are noncore canada, noncore kentucky, so we're really gettin

we were in utica shale, north dakota. you guys are there now? >> yes. we're starting to grow this. part of the snap-on base is technology. but also an understanding of the business. we understand automotive repair very well. we have guys that can tell you why a mechanic takes his rag out of his pocket with his right hand instead of his left. >> really? is it an algorithm or something? >> no. they understand the work. >> the customer. >> when we visit oil and gas sites we see people welding things together that nobody makes a tool for. we are making them and starting to build business there. >> i love the people at stanley, black & decker. they are terrific. they're not doing that. >> i love them, too. it's a different business. >> different. >> different business. >> retail based business. they are professionals. >> different business. we are based on criticality. the need for reliability. nothing can fail like in aerospace and mining. we're based in technology. take this thing here. this is a diagnostic unit. you plug it into a car and it give you what the car is saying in terms o

we have utica and marcellus shale. there is so much economic activity with oil and gas drilling, they can't find skilled welders. i was at company the other day, this guy in dave archer in marriott, ohio, paying some of his welders, master tig welders over $100,000 and still can't find enough welders. rejecting orders from customers. can't find enough people. we're trying to do everything we can to encourage more and more young people to go into these skilled trades. you mentioned, i look a little young. i do. i'm, state treasurer i get that a lot. a lot of people in political office have a variety of goals. my goal is i try to keep simple. by the time i'm 40, i hope to be shaving. [laughter] gerri: you're a pleasure, josh. thanks for coming on the show. that's funny. >> gerri, good to be on. this is good way to end my friday afternoon to have dinwer my wife. gerri: i love that. one more time. tell the people out there name of the company in marietta, ohio, that needs welders. >> pioneer pipe. gerri: pioneer pipe. if y

utica measurement of the person. -- you take a measurement of the person. then if you get past that you say, can this person pivot? because i've never seen an idea that starts at -- out at x and ends at x. it always ended some other letter. that is the real key. can the person pivot when they come up against a brick wall? >> has "the huffington post" changed? >> it has changed a lot. i had a very small vision to produce an alternative to drudge. we then institute of articles which is a very good move, and we did sports and whatever else. then it was time to sell. any was a good sale. i have not been in touch with it at all, but it has gotten very big. and sometimes the biggest not allow you to be as focused as you can when you're small. >> it is also global. >> and they have a lot of verticals. and it is still a great property, but for me, it does not have the passionate ones had when i was doing politics there. but it is still incredibly successful. arianna has done a great job. >> why did you pick her? >> she and invited me to a gathering at her house whi

well accessible to us to the greatest mission in utica long term potential seo is one of the fifteen thousand amputees in south sudan in your ideal buffet of all the way there and didn't want them sink in. you have to train local doctors and help them set up a lab. i think that one of the main goals of an impossible act is to empower people to appropriate technology into implemented themselves. cesar revere and we didn't want to create a dependency on people who understood to be one of its own success. so everything we try to do. we try to open source platform in the process for thinking so. people can continue to do it themselves there too the really critical step that is the same unit teach a man a fish. verses given to the touch. and sth. by doing that you create long term solution as opposed to short term beyond its reach. i also helped at least take heart it's tempting one get back to his passion graffiti when the time writer. the eye tracking system that allows patients to communicate any intent wednesday's draw again i guess technology for the sake of humanity could be at the

different than the way it's done in the utica shale in ohio. some similarities with the way it's done in texas in eagleford where they also drill for oil. the point is the way this is done, the technologies used, even the product we're going after and certainly the formations are different across the country. so when you put a one size -- a federal one-size-fits-all approach in place, it doesn't work. not only does it not do the job in terms of making sure you have the right kind of regulation, it holds up projects. it prevents job creation. it doesn't allow our economy to grow. it doesn't empower us to produce the energy that could be produced across this country with the right approach, with the right energy plan. as far as job creation, our state is now the fastest-growing state. we have the lowest unemployment and we have the fastest-growing economy. 7.6% in the most recent statistic versus 2.6% average for the other states. again, this is about creating a growing economy. it is about creating jobs. also i'm offering the domestic energy and

the oil producer has grown over the past five years to become a $1.5 billion market cap, both on uticacellis. >> are we over -- you're not going to say this. you're going to say the hype around shale isn't big enough. is it going to deliver in the time frame they're talking about or not? >> it's already doing it. look at the imports of crude oil in the united states. they were down over a million barrels a day just from increased production in plays like the bakken of north dakota and the permian of west texas. it's happening. >> how are you benefiting from this? the margin of cost of production and the cost of the fuel here, how fine is balance between the two at the moment? >> what's happened at our industry is that companies have moved from the conventional forms of finding oil and gas to the shale. there's about ten of them active in the united states. it's all due to horizontal drilling and fracture stimulation technology that we developed in the industry, allowing us to produce oil and gas from rocks we never thought was possible. all this technology is creating a huge increase i

utica, shell, north dakota, you guys are there now? >> part of the snap-on base is the technology and also understanding the business. so we understand automotive repair very well. we have guys at snap-on that can tell you why mechanicals take his rag out of his right hand instead of his left. so they really understand. they understand the job. they understand the work. so we're developing the work in oil and gas, so when we visit oil and gas sites we see a lot of people welding tools together to do a job which nobody makes a tool for. we are making those tools today and starting to build business there, too. >> look, i happen to love the people at stanley, they are terrific, you know, they are not doing that. >> i love them, too. it's a different business. >> it's different, right? retail business, what are they? professional business. >> different business. our business is based in criticality. and criticality, in other words, the need for reliability and repeatability so that nothing can fail. like an aerospace or mining, we are bas

look here in our state, we've become one of the leading oil and gas states in the utica and marcellusnia border. dave archer, he told me he's rejecting orders from customers every month because he can't find enough skilled welders. and at the same time he's paying some of his welders over $150,000. think about that. >> there was a front-page story "new york times" in the yesterday about the amount of kids not going to college anymore, not opting to go into college anymore. are we worried by focusing on these types of jobs we're losing our ability in the world to have the high information jobs, the science and technology jobs and we're sort of standing by and watching india take them or china take those jobs? >> i don't think it's mutually exclusive. i think we want more young people to go into hard sciences and engineering and important fields like that. at the same time, we want more young people to go into the welders and pipe fitters. it's this oversaturation of liberal arts degrees we need to be wary of and push more kids into the skilled trades. >> i agree. josh mandell, apprecia