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Division: CNBC
LATEST CNBC PRESS RELEASES
- CNBC PRESENTS "MEETING OF THE MINDS: REBUILDING AMERICA" ON WEDNESDAY, DECEMBER 2ND AT 8PM ET
- CNBC PRESENTS "INSIDE THE MIND OF GOOGLE"
- CNBC CHECKERBOARD PROGRAMMING FOR THE WEEK OF NOVEMBER 30TH (ALL TIMES ARE ET)
- AMERICAN GREED - SEASON 4 (ALL TIMES ARE ET)
- CNBC'S "INSIDE THE MIND OF GOOGLE" TO PREMIERE ON DECEMBER 3RD (ALL TIMES ARE ET)
- CNBC EXCLUSIVE: CNBC TRANSCRIPT: CNBC'S MARIA BARTIROMO SPEAKS WITH STEVE SCHWARZMAN, BLACKSTONE GROUP CHAIRMAN, CEO & CO-FOUNDER, TODAY, TUESDAY, NOVEMBER 17TH ON CNBC'S "CLOSING BELL WITH MARIA BARTIROMO"
CNBC Press Releases
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BARTIROMO: INTERESTING. SO JUST TO EDUCATE OUR VIEWERS ON HOW IT IS DONE, HE IS SEPARATING THE OIL FROM THE GAS FROM THE WATER
PALIN: YEAH, CAUSE IT ALL COMES UP TOGETHER AND THEIR IN A BIG PLANT SOME OF YOUR PEOPLE WILL SEE HOW THIS OPERATION WORKS IN THERE, YOU KNOW WITH COMPUTERS AND WITH LEVERS AND WITH VALVES THEIR SEPARATING THE DIFFERENT SOURCES AND THEN THEY START FLOWING THEM THROUGH THE APPROPRIATE PIPES.
BARTIROMO: FASCINATING.
PALIN: YEAH, HE'S BEEN DOING THAT FOR 20 YEARS.
BARTIROMO: TELL ME ABOUT THE TECHNOLOGY. HOW HAS TECHNOLOGY CHANGED TO INCREASE THE FLOW OF OIL AND GAS AND MAKE THINGS MOVE ALONG THAT MUCH MORE EFFICIENTLY.
PALIN: IT IS AMAZING, THE TECHNOLOGY THAT'S CHANGED IN THE 20 YEARS THAT MY HUSBANDS WORKED UPON THE NORTH SLOPE ALSO. THE DIRECTIONAL DRILLING OF COURSE IS VERY SIGNIFICANT AND VERY IMPORTANT WHEN WE TALK ABOUT THE SMALLER AND SMALLER FOOTPRINT THAT THE OIL INDUSTRY NEEDS IN ORDER TO DEVELOP MORE AND PUMP MORE SOURCES OF ENERGY ALSO, YOU KNOW THE DRILL CAN GO DOWN AND IT CAN TAKE A DIRECTION WHEREVER IT NEEDS TO BE AND THAT'S CONTROLLED VIA COMPUTER UP OVERLAND AND IT CAN GO MILES NOW WITHOUT NEEDING TO DRILL OTHER WELL PADS. SETTING THOSE UP ON THE TUNDRA, NO YOU CAN HAVE ONE WELL PAD YOU CAN DRILL DOWN AND THEN TAKE ANY DIRECTION THAT YOU NEED TO FIND WITHIN THE ROCK, WITHIN THE SHELL, WHEREVER IT IS TO FIND THOSE SOURCES AND FLOW THEM.
BARTIROMO: THAT'S FASCINATING.
PALIN: IT IS FASCINATING, IT IS AMAZING AND I THINK AMERICANS DON'T REALIZE EITHER SOME OF THE TECHNOLOGY THAT CAN ALLOW FOR SAFE DEVELOPMENT, NOW SAFER AND MUCH SMALLER FOOTPRINT THAT IN THE PAST.
BARTIROMO: CAN YOU CHARACTERIZE WHAT IT WOULD MEAN FOR JOB CREATION IF WE WERE TO DRILL MORE?
PALIN: YEAH, OH, WE WOULD SEE THOUSANDS OF NEW JOBS AND THEN ON THE PERIPHERY, ALSO NOT JUST THE OIL AND GAS PRODUCTION JOBS THAT CAN RESULT FROM OPENING ANWR AND BUILDING A NATURAL GAS PIPELINE, BUT ALL THE SERVICE SECTOR JOBS ALSO, IT WOULD BE A TREMENDOUS BOOM TO AMERICA. NOT JUST TO THE STATE OF ALASKA, BUT TO OUR ENTIRE COUNTRY, YOU WOULD SEE HUGE PROGRESS AND YOU WOULD SEE ALSO MORE AND MORE, I BELIEVE OUR YOUNGSTERS, OUR STUDENTS, BEING INTERESTED IN BEING EDUCATED ON HOW THEY CAN SEIZE THESE OPPORTUNITIES THAT THESE OIL PRODUCTION JOBS CAN PRODUCE TO BECOME ENGINEERS, TO BECOME OIL AND GAS PRODUCTION OPERATORS, TO BECOME THE GEOLOGIST THAT WE NEED AND THEN ALSO ON THE PERIPHERY EVEN AROUND THAT TO GET A GOOD EDUCATION SO THAT THEY ARE NOT LEFT BEHIND. AND SOME OF THE OTHER JOBS TO THAT WILL RESULT FROM MORE PEOPLE COMING INTO THE AREA, MORE SERVICES NEEDED TO BE PROVIDED, SAY, MORE TEACHERS ARE GOING TO BE NEEDED IN THE AREA, MORE MEDICAL PROVIDERS. IT'S GOING TO BE WIN WIN FOR OUR NATION, IN TERMS OF EDUCATION, IN TERMS OF INFRASTRUCTURE THAT THIS WILL ALLOW TO BE BUILT, IN TERMS OF GOOD JOBS FOR AMERICANS.
BARTIROMO: AWAY FROM OIL AND GAS, WHAT IS THE SIGNIFICANCE OF THE OTHER RENEWABLE? HOW SIGNIFICANT ARE THE RENEWABLE PART OF THE STORY HERE IN ALASKA?
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