only one in this room that was born and raised in north dakota, in a town -- there's a town called williston where a mcdonald's franchise is paying $20 an hour for counter help to compete with unskilled labor in the oil fields, which is earning $80,000 a year. >> well, let's move to the area of transaction taxes. i dare say that you if you took a poll of americans, the one place where you probably see a consensus, a large consensus of people saying, yes, raise the taxes would be on wall street in general and on transactions. there's a feeling out there that high volume transactions are creating instability in the world's splash crashes and all of that. i want you, starting with you, cameron, president of a high frequency trading firm, say why that's a bad idea. >> i think actually the story that don just told about the energy industry is pretty instructive. we talked about an industry where there's lots of innovation from independent firms coming in and innovating new ways to drill for natural gas. and in a lot of ways that's what's happened in the trading industries, in the market, the capi

the boon in production and some of these basins is, i'm going to show you an animated map of the williston basin and the development of the backen formation. and you can see the production history building on the lower left corner of that graph. as you can see, quite an increase in the number of wells, over a relatively few number of years. thank you very much, doug, for the presentation. our second speaker tonight is dennis riser, hydrologist in pennsylvania since 19 8. he is currently working on projects to estimate ground water recharge rates, model groundwater surface water interactions and sample baseline water quality of streams and wells of marcellus shale gas development in pennsylvania. dennis received a master's degree from indiana university, bachelor's degree from miami university. and dennis tonight will discuss some of the major water availability and quality challenges associated with natural gas development with a focus on the marcellus shale in pennsylvania. >> thank you, dave. i would like to talk about water issues tonight associated with marcellus shale. and doug ended

the most commonly known one is the williston basin of north dakota and montana. and that's illustrated here at about our mean estimate is about 3.64 billion barrels of oil which is a substantial oil resource. we still have not completed all of our assessments, and so this map will be updated over the next year. i want to just turn briefly to this map from the energy information administration to show that shale basins or shale formations occur throughout the united states. not everywhere, but looking at a map like this in combination with our resources estimates gives planners and policymakers an idea of where future production might occur in addition to the ongoing production that we have right now and be able to predict where infrastructure might need to be built, for example, or where impacts might need to be mitigated. i want to just leave you with this worldwide look. talked about resources within the united states. those are undiscovered resources. there's another category of natural gas which is stuff we've already found. so far i've just been talking abou

we did have a patas monkey running around the williston area last year. same monkey or not. i've got to get with my investigators to see if anybody has reported a missing monkey. >> all right. >> are you missing a monkey? might want to call them. >> wildlife officials are asking everyone to stay away from the monkey, however. large crowds could spook him and make him harder to catch. and there's always a possibility he could have rabies as well. if you see him, don't touch him, feed him. just call. >> i think my eyesight is bad enough, i couldn't see it in the video, him swinging through the trees. we'll trust the video was right. >> oh, yeah. i saw it. >> okay. thank you. >>> still ahead this morning, is freedom in george zimmerman's immediate future? he'll be back in court for a bond hearing today. we'll talk 0 a former florida state attorney about his possibility and his chances of release. you're watching "early start." >>> welcome back to "early start." we now know the i'd ties of two secret service supervisors who were forced from their job in the w

we need to look at the example of williston, north dakota, which has brought its oil production from 200,000 barrels to 600,000 barrels in less than a year's period of time. indeed, america could perhaps become an energy exporter. not only would that be an economic boom, but the national security advantage of it will be an unbelievable change in the world stability today. . fourth and final, we need to have tax simplification. how many americans within the sound of my voice fill out their own tax return? more and more people are turning to accountants and lawyers to figure out what the heck we owe uncle sam every april 15. when you pay an accountant $300, $400, $500, or even $1,000, to figure out what you owe uncle sam, that's a tax in itself. we need a tax system that's certain, that's clear, that's concise and fair so everybody understands it and everybody pays their fair share. indeed tax simplification would help turn the economy around. mr. speaker, i yield back the balance of my time but in my opinion democrats and republicans have the moment right now to change the economic di

change in boom of production and some of these basins is, i will show you an animated map of the williston basin and the development of the box information. you can see the production on the lower corner of that draft. -- graph. as you can see, quite an increase in the number of roles in a relatively few number of years. thank you for the presentation. he is currently working on projects that estimate ground water recharger its common ground surface water interactions, and sample baseline water quality in streams and wells in some areas of shale gas development in pennsylvania. dennis received a master's degree from indiana masses -- university. he will discuss some of the major water availability and quality challenges associated with natural gas development with a focus on the shale lands philadelphia. ->> thank you. i would like to talk about some water issues 29 associated with the marcellus shale. doug ended at showing the gas boom in north dakota and montana. some of the things happening here in pennsylvania where i am from. this map shows that in the last five years, there have been