This is real money, youre the most important part of the story. Tell me whats on your mind by tweeting ali velshi. Lets start with oil. We got another sign last week how dramatic fracking has transformed americas oil industry. North dakota produced a Million Barrels a day, safety and environmental concerns. Im not just talking about shipping oil by rail or barge. The latest federal data shows appliance in the u. S. Spill an average of 3. 4 million gallons of hazardous liquids every year. Including oil. And fear has families fighting pipelines. That run through areas that supply Drinking Water. Theyre talking about bringing a crude oil pipeline through a densely populated area. Were 30 miles from times square. 12 Million People live here. Reporter in towns throughout new york area, activists are banding together to fight against the pilgrim pipeline. The companys plan, building a pipeline from north dakota to new jersey. The proposed route will pass through a major water supply for millions for new york and new jersey. General plan tittle is the director of the new jersey sierra club. One of the concerns we have is if theres a leak or an explosion that it could jeopardize Drinking Water for more than a Million People in new jersey. Reporter though largely invisible, roughly 186,000 miles of pipeline carry hazardous liquids throughout the country. 17 run near drinking supplies. Now people are fighting back. By far the loudest outcry stems from the proposed keystone pipeline. Ranchers and vienlts environmentalists are worried that it will threaten the ogalalla aquifer. In april, the Company Opened a route passing within just two miles of the citys primary water supply. Its really an unknown danger in terms of how likely is there to be an extent . But accidents happen. To the best people, accidents happen. With more crude than existing appliance can handle, Oil Companies have turned to trains, barges and trucks, to get their goods to market, often with tragic consequences. Now, pipeline manufacturers are scrambling to catch up. Despite public protests, Companies Like pilgrim insist theirs are the safest method of transport. In an email to al jazeera, pilgrims spokesperson said, an efficient means to transport these products than the regions current dependence on river barges. The spill risk for barges is almost seven times greater than appliance. We always say how safe they are. Then ruptures or leaks the that go undetected for weeks sometimes guess what, thats not a mistake, its a disaster and a tragedy. Among the worst accidents, michigans kalamazoo river. 840,000 gallons of crude spilled into the water. Warned others not to drink their water. And in 2011, disaster hit families in montana. A ruptured pipeline there dumped 63,000 gallons of crude into their drinking supply, the pristine yellow stone river. Precautions to be taken for lines near waterways, many states do as well. And inspections are required every three years. But inspectors are calling on federal and state guidelines to do more. Without proper environmental review, without proper Public Notice or scrutiny, they are putting people at risk. Whether on the yellowstone or in missouri. We contacted these people who oversee fimsa, that reblghts the Design Construction and operation of oil appliance. It also conducts periodic inspections. In an email officials there said, quote, appliance are one of the safest ways to transport the high volumes of crude oil and other products that is right nation uses every day. Lets examine the detail a little more. Underground appliance are the safest options for the most part. Rather than transporting over surface, they are not accident free as people have pointed out but all of these accidents or leaks are when the pipes and the appliance have not been pliens havpipelines have not ben inspected properly or maintained properly. In any of these environmentally sensitive areas, they have areas where they can actually put cases around the carrying pipelines to protect them even more. They are more difficult to inspect but they are inspected more properly, a year at a time. To make sure they are safe. Putting a man on the moon decades ago, we can actually make pipelines that dont leak . Yes, we can. And again, its a matter of the construction. The handling of the pipes. The pipes have coatings on them to prevent croargs. But if you corrosion. But if you drop a load of pipes and damage that protection then youll have a problem. Also the welds, every time you connect a piece of pipe, you need to make sure those welds are done correctly. Thats where we should focus our energy is making sure everything we put into the grounden is going to meet regulations even before it goes into the ground. There are disputed studies indicating that certain oil, some of this oil that comes from north dakota, particularly the oil that comes from canada some is more corrosive as it goes through the pipes, the oil sands oil. Where do you stand on this . Ive heard studies on both sides. Well, no matter what your product youre pushing through a pipe. You can have corrosive products. And you design the pipe to handle those particular corrosive products. If you have something thats particularly corrosive you would have different coatings inside the pipes to handle that. Normally, one product is moved through a particularly type of pipeline and only certain products will move through that pipeline that actually meet the standards of the coatings that will protect it from corrosion. You know a lot of the issue around the xl pipeline is as mary said it goes around the oglala. This pilgrims pipeline goods through an aquifer, given the politics, it wasnt always there but given the fact that its there, why doesnt these Pipeline Companies route it around these areas . You know the shortest line is a Straight Line and its cheaper to maintain a Straight Line. Its also some of these areas you know youre going to have open woods, wooded areas and catchment areas that dont have a lot of population around there so theyre avoiding population by cutting through some of these areas. And you can also design it in ways where if there is a spill, it could be abated quickly so you could keep it out of the watershed. The oglala watershed aquifer has more threats to it from overproduction and from fertilizers and pesticides that are dropped all over the ag aquifer area. Thats the biggest risk to that aquifer, not appliance. And there are thousands of miles of pipelines that not pipelines. And there are thousands of miles of pipelines that cross that area 98. Don, thank you. If we are not limited, if it has a Stock Exchange we want to be had. Beware of the one trick pony. Ill now inroducing, the new al jazeea america mobile news app. Get our exclusive in depth, reporting when you want it. A global perspective wherever you are. The major headlines in context. Mashable says. Youll never miss the latest news they will continue looking for suvivors. The potential for Energy Production is huge. No noise, no clutter, just real reporting. The new Al Jazeera America mobile app, available for your apple and android mobile device. Download it now i think that al jazeera helps connect people in a way they havent been connected before. Its a new approach to journalism. This is an opportunity for americans to learn something. We need to know whats going on around the world. We need to know whats going on in our back yard and i think al jazeera does just that. Investor everie s are always looking for the next big thing. They search the world to the farthest reaches of the globe. Im talking about places the rest of us would consider way too risky to plant our money. These risky developing countries are known as Frontier Markets. They are one step riskier than the socalled emerging markets. Barry snowy has the story. Just as americas wild west once held the riches of pioneers, countries from vietnam to algiers, David Grayson scoured the globe searching for next big thing on the financial frontier. We look everywhere for investments. Were not interested in the political outlook, if it has an investment market we wanting to be there. As small as mauritius, population 1. 3 million. They lack behind u. S. , u. K. And japan, and they are behind emerging markets. But as emerging market economies like russia slow, investors are seeing strong returns in Frontier Markets. So far this year Frontier Markets are up 17. 7 , emerging markets are up 4. 6 and the s p 500 is up 5. 4 . Among the standouts, nigeria. Its market is up 93. 4 in the last two years. Investors are attracted to its growing population and growing industry. The market cap is roughly 140 billion compared to 3. 7 trillion in emerging markets and they carry risk. In 2011, Frontier Markets lost 18 and in 2008, they dropped 54 compared to the s p 500s 37 fall. There are also political risks. Take the case of argentina. There is the are risk that they will nationalize or take assets. The state will take assets from private investors or international companies. So risks like that are not necessarily common but more likely in Frontier Markets, compared to the emerging markets. When considering to invest in another. There are a lot of cases where you have subsidiaries of Multinational Companies listed in the local market whether it be nigeria, bangladesh or vietnam. Knowing you have the quality of management in europe for the u. S. David grayson says hes learned how to shrug off ominous headlines. Sierra leone is now on his list of promising economies with the stock market open only one day a week. We want to be prepared for the time the government decides they are actually going to start to privatize the companies and were ready to take investors in to show them the way. Its taking the chance on a possibility. Mary snowy, al jazeera. The index that measures them the Morgan Stanley capital market, qatar uae left. Emerging Market Status analysts say part of the reason Frontier Markets were doing so well is because qatar and uae had big gains in that market. Coauthor of the book winning in emerging markets, the road map for strategy and execution, he said these exotic funds are only for those with nerves are steel. You could have returns of minus 30 plus 50 minus 12 and so on, so forth. So it really is something for sophisticated investor or somebody who has a little bit of money to play with through a specialized agent. Bricks, brazil, india, china, how do you distinguish between an emerging market and a frontier market . Its a matter of degree. Think of an emerging market as an adolescent and a frontier market as a baby and adults, you and me, frontier market if it ever gets its institutions mature enough, will graduate to emerging markets and sometimes into developed markets. United states was at one point an emerging market in one sense. Its a question of degree and it takes time. It just takes a lot longer than most people think. One of the things you warn against is markets as hot as they are that are too concentrated as you call them, one trick ponies. Tell us about that. People often ask, how do you know when weather a frontier market is going to transition into an emerging market. There is a couple of signposts that i look for. Are you decentralizing power . If all of the powers are in the hands of a couple of croneies, thats a bad sign. That would be closer to a frontier market. If things get rooted in and the rule of law sets in, thats a good sign. Good sign post you can look for quite easily. The other is transitioning is as you said from a one trick pony which is an economy thats sector. If the economy is unable to diversify, and get more than one flower in a bouquet of offerings, its a bad strike, because markets could derail that in many ways. I was surprised to understand you thought myanmar is one of those emerging markets. The generals in myanmar are starting to withdraw. They are jock for power going on, ethnic tensions in old burma with myanmar, bangt and trying to deal with the roh rvetion nirvetiondra population. I know of investor cohorts that are going in from india, southeast asia, europe. Multinationals are starting to invest, consumer goods. When i look at it. I see the telltale signs, little signposts along that journey to begin institutional maturity. Thats far from saying my grandmother should invest in it. But its interesting to watch. Back. Thank you, ali, any time. Im going to take you to one city where theyre experiencing pedal to the metal growth. Thats up next. Al jazeeras Investigative Unit has tonights exclusive report. Stories that have impact. That make a difference. That open your world. This is what we do. America tonight next only on Al Jazeera America this, is what we do. Al Jazeera America. Al Jazeera America presents the system with Joe Berlinger new york city has stop and frisk some say these laws help serve and protect. We created the atmosphere that the policemans the bad guy. Others say these tactics are racist discrimination is wrong 99 percent of those arrested in Drug Free School zones. Were not near a school at all are they working . This time im gonna fight it. The system with Joe Burlinger only on Al Jazeera America sales of electric vehicles are still just a sliver of the roughly 16 million cars and trucks sold in the United States every year. Of all the vehicles registered in america electrics make up less than one half 1 . But in some area, sales are picking up speed. And it might not surprise you to learn that nine out of the ten sales of leks ar electricless ae west coast. Financial incentives are too generous. In the deep south a growing number of people are ditching their ga gas guzzlers and going electric. I dont have any maintenance on the cars. There isnt an oil change every 3,000 miles or anything like that. Denny commutes in the sprawling metropolis of atlanta. Earlier this year he bought this electric car, a nissan leaf. Whawhat does it cost to you charge this car a month . Its approximately 20 a month. The main Utility Company here Georgia Power offers a special offpeak rate for plugin charging. Thats 10 less than the national average. So roughly per year im saving approximately 4,000 a year on energy cost because im not purchasing gas. Less than 2 of the vehicles here on the roads here in atlanta are electric. But thats higher than average. You start to see charging stations in a parking lot like this near a grocery store. Thats no surprise to ryan whiteman. We are selling more and more i cant get enough of them. Over 50,000 leafs have been sold in the u. S. And 110,000 worldwide. The average sticker price, just over 30,000. But some georgia lawmakers are concerned by the rising costs of electric car subsidies and they want to phase out the tax credit. Georgia representative cuc martin is one of them. Chuck martin is one of them. There are times to boot strap a technology if that is for the greater good. But at some point where a subsidy on a two year lease makes it essentially free, i think that is too generous and not good policy. Atlanta city hall could not disagree more. One, the incentives absolutely help. And the second thing is that atlanta loves technology. And so here is an opportunity for us to really take advantage of it. It works for us. Youre seeing individuals reduce their overall operational cost. Reporter atlanta is second in sales only to San Francisco in the u. S. An electric car driver danny would like to see more public charging stations. He says this is only the beginning of a fastmoving trend. I think technology is going to get a lot better. There are other Car Companies besides nissan so theres going to be more competition. And i think the range range is y going to get better. Cheaper alternative as far as our energy cost. Tesla, chevy and bmw, ford and other car makers are going make similar ones. The question is, whether sales growth can continue accelerating even when opposition is putting on the brakes. Robert ray, al jazeera, atlanta. Tesla kerry elon musk is giving his idea for free. Vast array of Technology Patents available to the public, part of a bold move to speed up the emergence of electric vehicles. Electric cars becoming more mainstream regardless of what Company Makes him. Chris woodward, i asked him whats behind this. He thinks this will spur more interest in electric cars moreover. He doesnt think tesla is giving up much by giving up its patents. Its going okeep innovating, staying ahead of its patents. I believe that on elon musk. What is the problem . The chicken and the egg problem. You need to approach it on both ends. We need enough high mileage models out there where consumers will say wow, thats terrific. And we need more models that get more than 150 to 200 miles per charge. I would have thought at 3. 50 or 4 a gallon for gas that would be enough of a tipping point. But americans get used to this very easily. If oil price go up again, thats sometimes prompting people into it. The price of gas combined with incentives that are offered by given states or like we heard, atlanta. Every single time weve seen a big spike in the price of gas, electric vehicle sales and hybrid sales and plugin assets go right along with it. Whos got the edge on electric cars . Its kind of a threecar race. Tesla is making a mark , nissan leaf, and chevy voalt, whic vola plugin and a backup gasoline engine. As theres more infrastructure, fully electric vehicles will do better than the volt. The volt is the one you use if you want a hedge, you dont know if you want a charger and its got a gas engine. Most people believe thats the way its going to go. Theyre not believers, and chrysler said dont buy our 500 e fiat, because they lose money on every one they sell. Thank you for joining us. Thank you, ali. Several important reports will tell us how the market has been faring, if you are buying or selling a home or thinking of doing so any time soon youll want to know whats going on in your neighborhood. Thats on real money. Velshi. Thank you for joining us. See then police are having stones thrown at them by the protestors an unpopular uprising. These. Violations were part of a systematic tactics by Venezuelan Security forces brutal government crack downs the amount of anger here, you can see tensions between the two sides. Is venezuela on the brink . Fault lines Al Jazeera Americas ground breaking. We have to get out of here. Award winning investigative documentary series venezuela divided on Al Jazeera America [ music ] on america tonight, the faith. He said we have the find the thing in your life that caused your rape. And i just ran. At Bob Jones University one of the nations influential christian colleges, young women who say they were sexually assaulted find themselves under scrutiny. Sara hoy investigates the accusations against the accusers. Also we look at online cr
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