you are on with russell evans. go ahead. .aller: yes looking at the transportation cost, as you pointed out, there ofmore damage -- danger calamities through large calamity -- barge calamities than through pipelines. we have been studying the impact, and wea mandating what we can and what we cannot do without congressional approval. cost is moreation to bring that out of canada through a port, sale it down, bring it to louisiana and into a refinery, yet we have some people who are trying to help people that are unemployed, yet we are taxing them severely by keeping the price of crude up instead of bringing the pipelines in which would substantially reduce the cost of oil and other byproducts and reduce the tax that people have to pay at the pump. thepolitics, to me, is villain of all of this, and the epa, people with agendas. host: russell evans? guest: there is no doubt there is a gap in transportation cost. the transportation cost gap in the role of the epa -- on the transportation cost gap, it creates opportunit

host: russell evans, energy specialist with oklahoma university's business school. thank you for your time. guest: it is fantastic. a beautiful morning here in cushing, oklahoma. cold, solooks a little thank you for hanging with us. guest: thank you. host: next we will talk to brad shamla from enbridge, and he will take your questions about how pipeline infrastructure works -- how it is built, maintained and monitored, and first, a little more from our visit to pushing. we talked to brett anderson about the price of oil over the years. [video clip] i can remember it at three dollars a barrel. it was an interesting thing. it peaked at about $30 or $40 a thenl in 1981 or 1982, and it went down as recently as 1999 -- this is not what many people realize -- oil fell to less than $10 a barrel. 1999, just 13, 14 years ago. it was less than $10, and then $140, andd up to drifted back to around where it is today. producer, if it is $100 a barrel, he does not get $100, he has to pay the royalty, which isd to be 1/8, and now it 3/16, or 25%. it has to pay for expenses and for

you are on with russell evans. go ahead. .aller: yes looking at the transportation cost, as you pointed out, there ofmore damage -- danger calamities through large calamity -- barge calamities than through pipelines. we have been studying the impact, and wea mandating what we can and what we cannot do without congressional approval. cost is moreation to bring that out of canada through a port, sale it down, bring it to louisiana and into a refinery, yet we have some people who are trying to help people that are unemployed, yet we are taxing them severely by keeping the price of crude up instead of bringing the pipelines in which would substantially reduce the cost of oil and other byproducts and reduce the tax that people have to pay at the pump. thepolitics, to me, is villain of all of this, and the epa, people with agendas. host: russell evans? guest: there is no doubt there is a gap in transportation cost. the transportation cost gap in the role of the epa -- on the transportation cost gap, it creates opportunit

. >> our next guest here coming up from enbridge's terminal is russell evans with the oklahoma city university's school of business. we're going to be talking to him about the role cushing has played throughout its history in the oil industry and the overall energy sector as well. but first, here's president obama from last week. he was pitching the u.s. economy to foreign investors and he highlighted the energy sector of the u.s. economy as one of the bright spots. >> we have pursued an all of the above energy strategy and we are producing more traditional energy, more renewable energy than ever before, more natural gas than anyone in the world, and we have cut our carbon pollution in the process. so while the case for doing business with america has always been strong, we've made it stronger. and of course you will find no better workers than american workers. our productivity is rising. we have the world's best universities. its most innovative entrepreneurs. we have the strongest intellectual property protections to go along with a rule of law that matches up with anyone. and, thanks in part

. >> host: our next guests coming up from enbridge's terminal is russell evans with the oklahoma city school of business. we will be talking with him about the role that is played throughout the history and the oil industry and the overall energy sector but first here's president obama from last week. he was pitching the u.s. economy to foreign investors and he who highlighted the energy sector of the u.s. economy is one of the bright spots. >> be pursued in all of the above energy strategy and we are producing more traditional energy, more renewable energy than ever before, more natural gas than anyone in the world and we have cut our carbon pollution in the process. so while the case for doing business in america has ice been strong we have made it stronger. of course you will find no better workers than american workers. our productivity is rising. three of the world's best universities. the most innovative entrepreneurs. we have the strongest intellectual-property protections to go along with a rule of law that matches up with equity. and thanks in part to a new initiative focused