Highways, plumbing, electricity in the wall, nitrogen fixing fertilizers, vaccines, clean water available with the turn of another near home. When all these things appear what is undeniable and really apparent immediately thereafter is a wave of improvement and wellbeing for people. Vast portions of the population start getting better, also all kinds of things are opened up. I was certain now was going to happen with digital networking, but it is not exactly the way things went. Starting around the turn of the century i started to notice a pattern that was really bothering me which is that my friends who worked in the industries that were most affected by digital networking first, and im thinking of musicians and journalists and photographers, were not finding the world of new opportunity that i had for so long anticipated would appear. Instead i ended up almost every week having to be part of a fundraiser to help somebody get a crucial operation in needed and they did not have insuran
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
To miss expect ages. And concern over emerging market volatility takes center sage at the World Economic forum in dalia. Philippines looks poised to ride out the storm for now. A very good morning to you. We kick off with the ia global report for august. Global supply down by 570,000 barrels a day because of rising tension over syria and a mere total cut in libyan production which sent oil futures higher. Global supply, they say, is estimated to just over 91 Million Barrels a day. With both opec and nonopec nations registering declines. The russian proposal on syria tries to gain traction. The agency, a little bit more positive about supply increases in the fourth quarter. Antwaan house, the editor of the world Market Report will be on european closing bell tonight at 7 35 cet. Brent currently trading at 111. 67. We did briefly spark up to 116 a barrel when we thought a strike was imminent. So more on that during the program and later today. As the eu announces new plans to scrap cross