Drilling Issue News Today

>> everyone weekend is a structure week at this point. market, past presidents, you would have a rollout plan after the state of the union address. the speech would happen and the president would travel to six locations over two week to strike certain themes here. i havent heard that is what the president may be doing. he may be hamstrung he has this deadline of the next 10 days when there could be a government shutdown. >> i dont see travel plans the rest of the week. if there are, it hasnt bee...

Likely to see is an episode like we have seen many times before where the stock market tends to overreact but fortunately that doesnt have significant effects for the real economy. >> one of the reasons i wanted to talk to you about this specifically today is because there is this interesting juxtaposition of the president doing a -- whats going to be a big push on the issue of climate, theres a lot of really pointed politics on the issue of climate and energy particularly with the president not...

Likely to see is an episode like we have seen many times before where the stock market tends to overreact but fortunately that doesnt have significant effects for the real economy. >> one of the reasons i wanted to talk to you about this specifically today is because there is this interesting juxtaposition of the president doing a -- whats going to be a big push on the issue of climate, theres a lot of really pointed politics on the issue of climate and energy particularly with the president not...

Can set on fire? what if its also puddles on your property. this is a man in northeast pennsylvania collecting water from a puddle bubbling up near his house. hes able to light the fumes off the water on fire. state officials think a natural gas energy company drilling in the area may be responsible for stray gas get nothing to the ground water bubbling up there. heres what it looks like one county over. this is a geyser shooting methane infused water up into the air. thats right near three oil ...

>> thats important. the area may be responsible for >> but he shouldnt stop there? >> because those newspaper accounts who give four long stray gas getting into the noses for the ads, those are ground water bubbling up there. heres what it looks like one county over. this is a geyser shooting read by the elites, by people methane infused water up into the air. who watch cable tv. >> this could get in the main stream. thats located by three natural >> you have to get the president to refute it. >...

Are collecting on your property? this is a man in northeast pennsylvania collecting water from a puddle bubbling up near his house. and then hes able to light the fumes off that water on fire. state officials think a natural gas energy company drilling in the area may be responsible for stray gas getting into the groundwater thats bubbling up there. heres what it looks like one county over from there. this is a geyser shooting methane-infused water up into the air. thats located by three natural...

If the media is going to be soft or if youy -- or fuzzy, be hard on everyone. i remember the fear with president bush this would disrupt the economic, expansion and certainly imperil his re-election, apply the same tough standards today. i will say this, though, we are seeing some of that apply. but why think enough. not with the same sort of real checking the facts, the drilling issue, our indebtedness to the middle east issue, i dont think the weak dollar issue and now that is contributing we ...

Do you think that is reasonable? >> we did this a year and a half ago. we traded up to $147 a barrel, it was very quickly fell off into the table from 147. it wasnt sustained. it was a drilling issue and things going on. youre right. you put $120 barrel on the market for any period of time. that means somewhere around 4.25 gallon gasoline, that is a lot of money out of consumers pocket. that hundreds of billions of dollars that go directly shipped overseas to people that hate us. >> glenn: bring...

Do you think that is reasonable? >> we did this a year and a half ago. we traded up to $147 a barrel, it was very quickly fell off into the table from 147. it wasnt sustained. it was a drilling issue and things going on. youre right. you put $120 barrel on the market for any period of time. that means somewhere around 4.25 gallon gasoline, that is a lot of money out of consumers pocket. that hundreds of billions of dollars that go directly shipped overseas to people that hate us. >> glenn: bring...

Its easy to look at that oil well and say my god, you cant keep doing that. no one would want to keep doing that. certainly wish we didnt have to drill for oil at all. i think its a different conversation for a different day, but as it stands, it seems insane to prevent anybody from being able to work that lives there. >> if everyone in washington understood just half of what you just said, i dont think we would have this moratorium. >> well, lots of people have a point of view on this one. boy,...