of the senate finance committee, good to be with you this morning. there are various sides to every story. our next guest says big oil desperately needs to retain those tax breaks and subsidies. jack girard is the president and ceo of the american petroleum institute, a national trade association that represents the oil companies. he joins us live from washington this morning. thank you, ali. this is obviously a complex issue. it s start with the basics. you have companies, member companies that drill for oil in a hole in west texas. the simplest way to drill for oil. many who drill offshore and in complicated parts of the world and in canada, at what point across the board is it profitable to drill for oil? what price per barrel is the minimum these companies need to be profitable? it depends on the particular resource you re talking about. it varies across the globe and in part of the united states as well.
that s the long and short of what the proposal does. what does the net effect be on jobs and gas prices according to your member companies? if you look at costs of production around the world, our companies operate in a global environment. every day they make decisions, long-term decisions as to where they re going to invest that resource. if you increase the cost in the united states, you re discouraging investment in the united states to produce america s oil and natural gas by americans for americans. so it s very important that we try to remain as competitive as we can. right. your member companies all get more revenue overseas than they do in the united states or they get more of their revenue here in the united states? . it varies from company to company. obviously they re structured a little differently. some are solely u.s. based. others operate in a global environment. it is a complicated issue, jack. thanks for joining us to give us
future attacks on the u.s. turns out his compound was much more than a hiding place. bin laden was communicating back and forth with al qaeda operatives. barbara starr has been working her sources. she s live at the pentagon. a clearer picture just how much control he had over the organization. reporter: well, good morning, indeed. u.s. officials who are familiar with the material that the s.e.a.l.s grabbed on their way out of that compound tell us this diary, journal, last week they called it the al qaeda playbook. a journal of his writing of what he wanted to have happen. they are telling us that they do see evidence that bin laden was communicating with his al qaeda affiliates, his operatives on the outside. they were getting those communications, communicating back to him. so far no evidence of a specific plot. you know, time, date, place. nothing that they can really put their finger on that they could go and disrupt at this point, but the journal talks about some th
that. we, as an industry, through our associations, are committed to spend millions of dollars and other research elements through lessons learned in the gulf to make that better. how do we improve the issue of disbursements? how do we improve the issue of containment? the list goes on. we recognize that responsibility and take that seriously. bair ready, how are you sure it will work? being ready, how are you sure it will work? there is risk in everything we do. what we need to do is manage that risk to make it highly improbable that those accidents will never happen again. that is what we are doing with contemning technology, with 70 practices, and the new regulatory regime. with safety practices, and the real tory regime. we re doing everything and the new regulatory regime. we re doing everything we can. thank you. we are back with our reporters. let me begin with where we left off with jack girard. you re asking can another spill be contained? i heard there
to the development of computer models like to be used in real time as hurricanes approach land and study the impact of historical hurricanes to produce actual measurements that were taken during the storm and study future scenarios for reasons i will discuss below. the computer model that we have developed is called adcirc, which stands for advanced circulation. it has been used to study hurricanes for over a decade and music was used extensively in katrina as part of the interagency task force study. predictive stimulation can fall into three categories, forecast, forensic studies, and teacher scenarios. in for christmas, our model uses supercomputers such as the ranger computer to generate a high resolution forecasting that within one hour. for a storm approaching texas or louisiana, the information is transmitted which is responsible for emergency response evacuation, search and rescue and other operations. in forensic mode, it is used to measure historical hurricanes. w