Im David Shuster in for ali velshi, and this is real money. This is real money, and you are the most important part of the show. Tell us what is on your road by tweeting us and facebook. The north American Oil Boom is putting more pressure than ever on u. S. And canadian roads and railways. It is coming as we mark the one Year Anniversary of a rail accident in lacmegantic, quebec. 47 were killed and 30 buildings destroyed when the oil cargo on a train ignited. It was carrying fuel oil, which is more flammable than from conventional fields. Shale Oil Production increased and Canadas Oil Sands expants, pipeline construction is not keeping pace, naption in part to pub thanks in part to public process. We have to rely on other ways to move the oil. And north americas rail system is chosen. The transport of oil by rail jumped 13 come paired to last year. They transport 10 of americas oil output, or 8 hunds,000 barrels per day. All of that extra traffic has increased the likelihood of rail a
Im David Shuster in for ali velshi, and this is real money. This is real money, and you are the most important part of the show. Tell us what is on your road by tweeting us and facebook. The north American Oil Boom is putting more pressure than ever on u. S. And canadian roads and railways. It is coming as we mark the one Year Anniversary of a rail accident in lacmegantic, quebec. 47 were killed and 30 buildings destroyed when the oil cargo on a train ignited. It was carrying fuel oil, which is more flammable than from conventional fields. Shale Oil Production increased and Canadas Oil Sands expants, pipeline construction is not keeping pace, naption in part to pub thanks in part to public process. We have to rely on other ways to move the oil. And north americas rail system is chosen. The transport of oil by rail jumped 13 come paired to last year. They transport 10 of americas oil output, or 8 hunds,000 barrels per day. All of that extra traffic has increased the likelihood of rail a
The highs before ben bernanke and his de facto tightening. Heres a question for investors, is it possible that junk and bond rates has already anticipated the end of fed bond buying . And finally, has america become a parttime economy . Is every new job temporary . Fridays job report stronger than you think . All of those stories and much more coming up on the kudlow report beginning right now. We begin tonight with another setback for obama care. The department of health and Human Services says it will not even try to verify eligibility for insurance subsidies. Does that make them like the housing bubbles liar loans . Remember that . Last week we learned the employer mandate is waived. Now they cant verify the claims and theyre trying to get help from the nfl . Thats not happening either. And biggest question is the individual mandate the next to fall . Maybe obama care is just crumbling under its own weight. Lets talk about all of this. We have ron paul, executive director of familie
Pilot today, after having toxicology tests. They will check out the ship and they will revisit the environmental conditions on the bay yesterday at noon when the 751 oil tanker, you can see it right there, anchored between Treasure Island and alcatraz and sideswiped a tower of the bay bridge. Look where it sideswiped the tower, closest to the island on the San Francisco side. It damaged the hull. This is a doublehulled ship. But this is being described as close call by the environmental groups. The currents are moving fast and a lot of damage can happen when oil is on the water. Abc7 has come up with information on the bar pilot. He is 61yearold guy kleess with 30 years of maritime experience mostly on oil tappers for exxon and became a bar pilot in 2005 and in 2010 his license was put on hold because federal regulators denied a request for a medical wave. We do not have details on the medical condition. That will come out in the next few days and weeks as the investigation into his pe
Very slow traffic, westbound 80 involving an overturn. That is the most serious thing we have going on this morning. And further to the west, 80 westbound, it is lighter because everyone is budge bunched up, and as you make your way to the bay bridge, no delays and mass transit is showing no delays and it is a spare the air day. The San Francisco man accused of doubting his girlfriend on gasoline and setting her on fire is behind bars. Amy joins us live with how police took the man into custody. Amy . Kristen, the relatives of the victim can focus their attention on her and her recovery here at st. Francis. Before he was caught the victims relatives told me they were feeling very anxious about Dexter Oliver being on the run trying to help police give them any tips and stay in touch with the investigators. They were worried about their safety. Now they can feel relief. Police found him last night in oakland at 9 00 in a hotel. Officers say he surrendered peacefully. He is accused of set