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Gas lines in the 1970s. back in 1973, when the u.s. endured its first oil embargo, oil accounted for almost half of the energy consumption in the world, now it accounts for 35 percent. during the same period, however, the united states has increased its dependence on foreign oil. in 1972 the u.s. imported 18 percent of its oil, today, we import 55 percent of our oil and the projections show, jane, in the year 2028, if we don't radically reshape our energy picture that figure will stand at 70 percent. jane: pretty stark. james rosen in d.c. for us, thank you james. >> thank you. jon: president ...

One way of making their bill little closer to the balance sheet. so once -- if they didn't take away that tax subsidy might to the have gotten back the result they fwranlted the cbo. my question to you james is what happens to those retirees if you're a retiree with at&t or john deere or caterpillar or any other company who may now make a similar announcement in the coming weeks what is likely to happen to you. >> let me first put everybody's mind at ease about that. the fact that the companies are taking the charge on their financial statement means that they intend at least for now to be con...