That is two miles down and our water reserves and groundwater. We certainly believe our history of regulation in north dakota, not always perfect but we are well well aware but those challenges are and continue to build out the inspectors continued to make sure those wells are protecting the groundwater that we have. A lot of people would want to, the question implies that there is a huge Environmental Impact as a result of domestic drilling activity. A very short last question for me. Bill bill lacy legislation bill lacy legislation on the president s desk this year and will he sign at . I am hopeful the answer to both of those questions is yes. Addicting at . Why not . I predict yes. They can call me hopelessly optimistic. Senator, thank you very much. Thank you. Its been fun. [applause] i just had my hip replaced and is like the first day with big girl shoes so i need a little help. Thank you senator heitkamp. I would like to welcome the honorable ed markey. Senator markey is served
Failed. We ask, whether you support continued u. S. Military efforts in syria. If you do, give us a call. Tell us why. If not, give us a call. Also tell us why. You can catch up with us on social media, twitter, facebook or email. A good saturday morning to you. We are talking about the shift in strategy in syria, taking up headlines around the country today. Here is the front page of the financial times. U. S. Abandons project to create syrian rebels. Obamas options narrow in syria. The New York Times, the u. S. Ends effort, admission of failure, plan to provide weapons to groups fighting isis. The decision to scuttle a central piece of the strategy to confront extremists was made after mounting evidence of the Training Mission had resulted in no more than a handful of american coached fighters and comes amidst russias fourfold forceful entry into the syrian conflict, a move president Vladimir Putin we will be talking about it for the first 45 minutes of todays program. For more on th
Take us back 40 years ago and how we got here. Guest it is because critical commodities like oil pose unique National Security and economic challenges. The dynamics that created the ban 40 years ago are still relevant today. The fact of the matter is that it limits the ability to export u. S. Produced crude oil. What that does is ensures we have adequate supplies here at 9. 5. We still import Million Barrels of Petroleum Products every day. Even though we are producing record amounts of oil, we are still the largest importer of oil in the world. Would give huge profits to Oil Companies. Right now, the production discount, the production boom in the United States has resulted in a slight domestic price to scout for certain types of domestic produced oil. Right now, refiners are enjoying a discount and sharing that with in the form of water prices. What producers want is to export the discount overseas to china and india. That will raise gasoline prices for american drivers. Host do we c
Theres is a chance that prices could plummet to 20 a barrel and the probability of that happening is rising. The report was part of the reason why crude futures fell 3 today to settle at 44. 63 a barrel. Not everyone agrees with that scenario. Jackie has more from the new york exchange. The possible low . 20 a barrel. Lower for longer says the chance is increasingly likely as storage continues to fill. There is a lot of uncertainty. It could be u. S. Production. A 40 barrel, where our base case is set, is the level at which you see a drop in drilling. We saw it today for a drop in rig counts. If you dont bring Global Production down long enough, then youre like i to run into Storage Capacity constraints. Due to an increase in supply, the base case calls for 30 a barrel oil in a month. But some are skeptical. I think the oil will not go that much lower here. I think once we get to these levels, the market is susceptible to the up side. You will see an increase in consumption. You will s
A new report tonight say theres is a chance that prices could plummet to 20 a barrel and the probability of that happening is rising. The report was part of the reason why crude futures fell 3 today to settle at 44. 63 a barrel. Not everyone agrees with that scenario. Jackie has more from the new york exchange. The possible low . 20 a barrel. Lower for longer says the chance is increasingly likely as storage continues to fill. There is a lot of uncertainty. It could be u. S. Production. A 40 barrel, where our base case is set, is the level at which you see a drop in drilling. We saw it today for a drop in rig counts. If you dont bring Global Production down long enough, then youre like i to run into Storage Capacity constraints. Due to an increase in supply, the base case calls for 30 a barrel oil in a month. But some are skeptical. I think the oil will not go that much lower here. I think once we get to these levels, the market is susceptible to the up side. You will see an increase i