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This is what we are talking about. black sticky sand. it s soaked in oil. i picked this up almost five years ago when i travelled to alberta to see the oil sands for myself. reporter: one-third of the world s known oil deposits are right here in the dirt. so that s where we headed on our energy hunt, from new york to ft. mcmurray, alberta. this is it. we are literally walking on black gold. this is what we came here to see. this is oil sand. it s sand that s encased in water and oil. in fact, this is about 10% crude oil. large quantities of oil embedded in sand only occur in two places in the world, venezuela and canada. giant shovels scoop up 100 tons of oil-laden dirt at a time. hundreds of trucks move across the landscape all day and night ....
You know there will be a lot of press. there will be a lot of activity. very simply, you didn t build that, speaking of small businesses and entrepreneurs all across the country. and, actually last night, my wife was up all night long. did not sleep. she worked a full 24 hours. martha: there you have it. steve moore is senior economics writer for the wall street journal. steve, good morning. those, you didn t build that , four words that we re all going to look at the campaign no matter how it comes out as being a pivotal moment in all of this. i agree entirely with that, martha. you know mr. mcmurray has become a folk hero in virginia for his actions. and he speaks for a lot of small businesses. i travel around the country and i don t think that the white house completely gets it, how, insulted entrepreneurs and small business owners like mr. mcmurray feel towards that statement that president obama said, that ....
Here, we think $4 a gallon gasoline is ridiculous. but what could you do to, you know, lower the price of gas or lower the cost of home heating oil and to have an environmentally sound energy program, self-sustaining? okay. i d rather be president than secretary of energy. well, okay. i ll elect you president. what would you do? all right, you re president. i d get an energy policy for america. you re the only country in the world without an energy policy, and we use 25% of all the oil. we re insane. and we have resources in america that we could have an energy policy. could we be energy independent? i wouldn t want to be because i want to work with the canadians. but we workcanadians like they re the enemy sometimes. how s that? we can t bring in the keystone pipeline in the united states. this is over the life of the properties up at ft. mcmurray, but that s 250 billion barrels of oil that the united states ....
Energy exporter. am i correct? is that possible? well, you re going a little bit far. but you ve got it, though. but you want north america to stick together. so you want to work with the canadians. and the oil that you re talking about coming down through nebraska, if that pipeline doesn t work, that pipeline s going to go out of ft. mcmurray to china. that s going to china. so you lose the oil out of north america if that happens. so china s getting it instead of us? they will if we don t build that pipeline. we re going to build a pipeline. you watch, they ll build a pipeline. the president has to wait even talking about it is so insane because the canadians, america kind of looks at canada sort of like a subsidiary or a state to the north. and they re not. they re a sovereign country and they have great resources, and we should work closely with them. we have no policy with them to work with them. yeah. and they give us more oil than any place else in the worl ....
Speedway. and they battle it out. bush leading for 218 laps. and mcmurray takes the lead in the final lap and he had the clear path to take the checkered flag, however he s not in the chase at all. he s 17th when the chase began. jimmie johnson your point leader. a pre-stunt race went all wrong and turned into a fiery wreck. daredevil spanky spangler, his rv caught on fire and the good news, he s okay. that s amazing you look at that photo. spanky spangler? one of my favorite daredevils. and go to rick reichmuth. that picket right now, 15 feet in the air. don t question spanky spangler s fiery crash. don t question pictures on the internet. and the weather here is what ....