The russian businessman Mikhail Khodorkovsky is released from jail. And this Canadian Team has struggled with a stutter all his life. I i its my its my way to co come come communicate. But youll see what happens when he gets behind a mic. The lists of countries that will attend peace talks on syria has been unveiled. The Un Special Envoy says 26 countries including saudi arabia has been invited but iran remains the sticking point. Lets go to james bays who joins us live from geneva. James this is the list, but its not the final list, i understand. No, there is still discussion taking place. We had the meeting taking place here inning geneva, the last preparatory meeting. They are insisting that the peace talks are taking place on january 22nd. There is no stopping them, but most of the unresolved issues were not sorted out at this meeting. As you say they announced a list of 26 countries, but there is one country that is still under debate. This is what the ambassador had to say. Trans
Host our conversation continues, looking at cushing oklahoma, and the role it plays in the oil industry. We want to go up to new york now, where Daniel Yergin is joining us. He is the author of both the quest, and the prize. You have been to cushing oklahoma. How would you describe it . Guest you see all of the tanks, and it is quiet, and you have the oil moving at the stately rate of four miles per hour. It is very calm, yet you realize it is one of the notable points in the oil industry, and we see on the reports of what the oil price was, it all goes back to cushing, which has been a great gathering point, really, for about a century now. Host why does it all go back to cushing . Guest there was an oil field discovered there before the First World War and it was called the queen of the oil fields, and at one point it provided 22 of the u. S. Total oil, and a lot of the oil produced by the u. S. Army in europe was made in cushing oklahoma, and the oil system was old, but the Pipeline
And the black cold rush was on. Well talk with industry folks as well as Energy Experts about the history in the oil industry as well as its role today. But before we go south to oklahoma well get your take on the countrys Overall Energy policy this morning. What would you change . Here, overall in the federal government about its Energy Policy . The numbers are on the bottom f your screen. Let me begin with information from the Energy Information agency here in washington on how much energy is consumed in the United States. This is based on 2012 figures. Take a look here of how energy is consumed. What type of energies. You can starts dialing in now. Another chart here. Take a look at sources of u. S. Electricity generation based on 2012 figures. Renewable makes up about 12 of our electricity, nuclear 19 , natural gas 30 , and coal about 37 . And then of course weve all heard the stories about production in the United States. Heres one from reuters that came out the beginning of octob
Latin america and south america. So its all about building an infrastructure to connect the production to the consumption. The Pipeline Transportation is the most efficient and costeffective way to do that long run. Host with all that laying on the table at me turn to viewers. Her couple of tweets, one from jody who says there is a whole new industry for renewable nonpolluting forms of energy. Why are we scrapping the oil energy and we need or oil, more more gas and more more gas in more things to burn again. Thats what makes this economy grow. Democratic grow. Democratic caller you are up next. Go ahead. Caller good morning. Hearing about how the oil is getting around and they willes on line in logan county are getting oil and gas and i know they are building some Gas Collection pipelines. Wheres the gas going around the country . Guest in a similar process we typically talk casually about oil or natural Gas Production but in reality a lot of it is mixed production. At the time really
Export to all around the world . Welcome back. We are live in cushing, oklahoma this morning for todays washington journal. Dubbed thems the pipeline capitol of the world. There are more than 300 storage tanks there that dot the land with the capacity to store oil reaching 80 Million Barrels. We are live from enbridges tank farm in cushing joined by Russell Evans, an Energy Economist at Oklahoma Citys University Business school. Lets begin with the history of cushing in the oil industry. How did it all start . Going all the way back to the start of cushing, were sitting here today in really indian territory. And at the time that the territory was opened for homesteaders, a gentleman William Little established his 160 acre homestead here in the cushing area. And recognized that it was sufficiently far from the nearest city and set aside 80 acres to develop a town. The petition was granted and named after the private assistance of the post master general at the time. And so was the start