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 NEXT PROMO!!Return to index of stories... |
A break down of why gas costs so much money. Plus, one-on-one with Boston news icon Natalie Jacobson coming up next. Why does gasoline cost so much? Plus, one-on-one with Boston news icon Natalie Jacobson up next. |
| Show # 1506 Return to index of stories... |
this program is 1:00 under at 25:46 |
| Preshow #1 Gas Return to index of stories... |
Feeling the pinch at the pumps. A break down of why gasoline costs so much money. |
| Preshow #2 RGGI Return to index of stories... |
A new program to clean up the air in the northeast and what it will mean for electricity bills. |
| Preshow #3 Natalie Return to index of stories... |
Boston T-V news icon Natalie Jacobson talks about the changing face of media and the impact on local news and journalism. |
| Hello/Intro Gas Price Return to index of stories... |
Hello, I'm Beth Carroll welcome to New Hampshire Outlook. No doubt you're feeling the pinch with gas prices soaring to new record highs. The national average has topped more than 3-dollars and 60-cents a gallon and the cost of gasoline is not much cheaper here in New Hampshire. Have you ever wondered what it is that determines the cost of gas? It's a complicated formula. Outlook's Adam Donovan learned what's causing the pain at the pump. |
| Gas Prices Return to index of stories... |
VIDEO: A car turns into a gas station from the point of view of the front seat. TRACK: Starting to fear pulling up to the pumps. You're not alone. Joe Encarnacao: "I fill up at about half full and it takes 40 dollars." Rory Smith: "52.75 today - that's an average fill up." Kim Seavey: "Sixty dollars." Chip Hawkins: "This truck? Probably 85. Another one, 110." TRACK: And if you think the guy who runs the gas station is doing any better. Think again. John, "I've been here twenty years and by far this is the toughest winter we've ever faced." TRACK: John Abbot owns and manages North Hampton Grocery. He says he has little control over what he charges for gasoline. John, "I got a load of fuel last night - I got pricing today. Tonight I'll change the price according to what we bought and I'll hold the price until the next time we buy. And then we'll do it all over again." TRACK: Abbot makes just a few cents for a gallon of gas - less than he does on a bottle of soda. John, "The gasoline is a few pennies, but the soda you're making 30 or 35 cents for example. Two to three times more." STANDUP: So if you're paying 3.50 a gallon - and the gas station's only making about a dime… where's the rest of your money going? Dr. Sammi: "The price of gasoline is determined by a number of different factors." TRACK: Dr. Massood Sammi is an international business professor at Southern New Hampshire University. He worked as a Senior Economist for OPEC for 8 years. He says the price of gasoline is fueled by three major factors. Dr. Sammi: "The most important one is the cost of crude, crude oil. That determines the basis for the gasoline prices." TRACK: Gas Factor number 1 - crude oil. Crude oil is used to make many different oil based products, including gasoline. Dr. Sammi: "As we know, over the last ten years the demand for oil has increased dramatically in the international oil market. Increasing demand by China, India, and some other emerging economies." TRACK: This increase in worldwide demand has led to record high trading prices of crude oil on Wall Street. These high prices get passed on to consumers. Sammi: "Then we have the refinery margin." TRACK: Gas Factor number 2 - the refining process. We can't simply pump crude oil into our cars and expect it to make them go - first the crude must be processed and turned into product. Sammi: "This shows how much product we get from refining a barrel of crude oil in terms of the gallons we get. We get 19.6 gallons of gasoline, 10 gallons of diesel fuel, 4 gallons of jet fuel and so on and so forth." TRACK: Most refineries are not configured to alter the amount of gasoline they produce from a barrel of crude. As a result, it is difficult to quickly increase supply. Sammi: "That's actually one of the bottlenecks right now for the products, including gasoline. And some people argue that that's the reason gasoline is going higher. As demand goes up supply is not catching up with it. So that pushes the price up. Because of the limitation of refinery capacity" Sammi: "And the rest is the taxes that are in the U.S." TRACK: Gas Factor number 3 - taxes. The gasoline tax in the U.S. varies by state… New Hampshire is on the low end at 36 cents per gallon between state and federal tax combined. Nationally, the average is about 50 cents. TRACK: So let's break it down. * CUE GRAPHIC * TRACK: Say gasoline is selling for $ 3.50 a gallon. * Crude oil costs will account for more than 60% of the price, at 2.20 * Refineries add another 15 %, at about 50 cents * State and federal taxes tack on another 50 cents * And the remaining 30 cents is used for distribution, marketing and retail sales. TRACK: The most recent rise in gas prices - can be directly attributed to increasing crude oil costs. In April of 2007 crude was trading on wall street for 60 dollars a barrel. Currently, it's hovering around a 120. Why is it so expensive all of a sudden? There are many possible reasons. Including America's weakening dollar. Dr. Sammi: "One of the issues is, is the price of oil going up because the price of crude is going up? Or because the dollar is going down. While in the Euro, the price of oil has remained constant." TRACK: Another reason crude prices are so high - could be oil trading itself. Many traders are purchasing crude with the hope of reselling it later at a higher price. Dr. Sammi: "So the future's market to some extent affects the price of crude oil." TRACK: And the most basic cause for the increase - the laws of supply and demand. Dr. Sammi: "There has not been much new oil supply coming to the market. There's argument that oil production has peaked and therefore over time the supply will be declining pushing the prices higher. So the tightness of the market is one factor that determines the crude prices." TRACK: Dr. Samii believes there is little that can be done to increase the world's supply of crude oil. Dr. Sammi: "All the major oil fields that can be discovered have been discovered. Gulf of Mexico type of field, North Sea type, Alaska type. The huge oil fields have been discovered. From now on the fields that we find are much smaller." TRACK: That means the oil we have left is probably the most expensive. Dr. Samii: "The moral of the story is this. I believe it's not that we're running out of oil and that we won't have it for the future. But the cost of incremental oil in the future will increase. Both in terms of finding oil fields, it's gonna be more hostile areas, getting it to the market is going to be more difficult. But there is plenty of oil available, it's nothing to lose sleep over. Except we have to think of the policies to deal with the increasing consumption." TRACK: Altering consumption could be the best way to reduce prices at the pump. For NH Outlook - I'm Adam Donovan |
| Tag Gas Prices Return to index of stories... |
To give you an idea of how much gasoline the United States consumes -- it was roughly 140 billion gallons last year. That's more than the next fifteen nations combined. |
| Next 1 Return to index of stories... |
Will reducing carbon in the atmosphere increase electricity bills at home? |
| Intro RGGI Return to index of stories... |
It's not only gas that's costing more, New Hampshire consumers will soon face higher electric bills thanks to a plan to reduce carbon dioxide coming from power plants. CO2 plays a dominant role in global warming. Nine states in the northeast are participating in the Regional Greenhouse Gas Initiative or RGGI. The New Hampshire legislature is debating whether to join RGGI and so far House Bill 1434 is getting bi-partisan support. RGGI is a complex initiative that's causing some confusion and doubt. Outlook's Phil Vaughn helps sort out what it means for New Hampshire consumers and electricity producers. |
| RGGI Return to index of stories... |
N1- Every time a light bulb lights, a toaster toasts or a computer computes - carbon dioxide is released into the atmosphere. This is a view of the United States from space. It takes a lot of energy to power all of the lights you see. By some estimates, every American pumps about 20 tons of the greenhouse gas CO2 into the atmosphere over the course of a year. N2- NH is now considering what nine other states in the northeast have already done - adopt into law a program known as RGGI. Kaen 108 - "It's the regional greenhouse gas initiative." Agent on duty sign outside real estate office N3- To understand what RGGI means, we take you to the agent on duty. Naida Kaen sells real estate in Durham. She's also a state lawmaker and sponsor of the RGGI Bill. Kaen 153 - "It's a cap and trade system which means that the region has agreed to reduce emissions from 50 megawatt or higher electrical generating plants to levels equal to 2005." N4- If NH joins the nine other RGGI states - Maine, Massachusetts, Vermont, Connecticut, Rhode Island, NY, NJ, Maryland and Delaware, the region will limit CO2 emissions from power plants to 188 million tons this coming year. Kaen 217 - "NH's portion is 8.6 million tons." N5- And in order for NH's three major power producers to emit those 8.6 million tons of CO2 they'll need to buy what's called allowances. Think of them as permits to release CO2 into the air. Murray 135 - "We'll be seeking to purchase the allowances we need to produce power." N6- Martin Murray handles media relations for Public Service of NH, the state's largest producer of electricity. This is the Schiller plant in Portsmouth. Here, they stoke energy producing boilers with both coal and wood chips. Each of them creates about 400,000 tons of CO2 every year. Shot of Murray with stacks in background Murray 1300 - "The three stacks on the left are hooked up to the coal boilers, ones been retired the one on the right is hooked up to the new wood boiler." N7- RGGI applies only to CO2 produced from fossil fuels. Schiller's wood chip boiler is exempt. At this one site, PSNH will need to buy allowances for the two coal boilers. Murray 349 - "Its envisioned that all the allowances will be pooled and put up for auction, no one will be given allowances." N8 - For every ton of CO2 that leaves a power producer's stacks, they'll need to buy one allowance. And because the region's power plants are allowed to pump out 188 million tons of CO2 per year, there will be 188 million allowances available. Electricity producers like PSNH will buy allowances through a regional auction. Murray 240 - "The way we expect it to work is after the first three years of RGGI we'll need to demonstrate that we have the allowances required. So for example if we emitted 5 million tons of carbon each year - at the end of the first three-year period we'd need 15 million allowances." N8b - And the millions of dollars electricity producers pay for those allowances will be passed on to consumers. Juvet 353 - "Our primary concern and the concern of the business community is what impact will this have on electricity rates." N10 - Dave Juvet is Vice President of NH's Business and Industry Association. The BIA supports RGGI. Its members, however, are concerned that the price per allowance could rise well above the projected starting bid of two dollars. Juvet 510 - "In the bill that passed the house any price above 12 per ton would be rebated back to energy users. Stand up - What's important to know is NH is on a regional power grid. NH consumers share electricity with other RGGI states and will have to share the costs for every power company in the region to buy allowances. Kaen 513 - "Whether we join the initiative or not our electricity rates are going to go up because the nine other states have done this." Murray 425 - Phil - "Does that worry you about the price? PSNH's primary concern is that we have the allowances we need to produce the power our customers depend on and that the price is fair for our customers." N11 - The money generated from the sale of allowances will go into a state Energy Efficiency Fund. Every state will have one. Scrubbing technology, which removes pollutants from smoke stacks, is not available for CO2. So electricity conservation is the only way to reduce emissions. The Energy Efficiency Fund will be available to consumers -- homeowners and businesses for energy efficiency programs. Kaen 1330ish - "Such as energy efficient windows, insulation and energy audits." N12 - A study conducted by University of NH's Ross Gittell predicts in the long term, RGGI will be good for the state's economy. ROSS CLIP Juvet 652 - "I think it will prompt energy efficiency - at least it better. So I think in the long term it will have benefits to the economy but it is important to note those are the long-term benefits and our concern is what is the short term impact?" N13 - In the short-term, NH's electricity bills will likely increase by 20 million dollars over the first year. For NH Outlook, I'm Phil Vaughn. |
| Tag RGGI Return to index of stories... |
The House passed the RGGI Bill in mid-March with a vote of 214 to 107. It's still in the public hearing stage on the Senate side. But as we mentioned it has bi-partisan support and it also has the backing of Governor Lynch. |
| Next 2 Return to index of stories... |
Longtime Boston broadcaster Natalie Jacobson on the impact of the Internet on local media. |
| Intro Natalie Return to index of stories... |
Natalie Jacobson was a familiar face to New England television viewers for more than 35 years. She was Boston's first female news anchor and when she said goodbye from the WCVB Channel 5 anchor desk last summer.she left behind a storied career. Jacobsen is also a 1965 graduate of UNH. In March, the veteran broadcaster returned to the Durham campus as a visiting journalist to share her experiences with students. I caught up with Jacobson between classes to get her reflections on the changing news industry and what she envisions for the future. |
| Natalie Jacobson Return to index of stories... |
SOT: Beth 05:35 You know, some have suggested that evening news shows are dying in the same way that newspapers are dying. The next generation of news viewers aren't getting their news from television… they are getting it from on-line. What does that portend? SOT: Natalie: 00:05:4806:29 You know, Beth, I think what you are going to see is an amalgam of all these mediums and I think you'll see it this year. I think you'll see what some of the things are on the internet you have the technical to watch it on your big flatscreen, which is going to change the way you shoot and program and so forth also. I think you see a coming together, also, of all the different mediums. Also, I have said to the kids here, the internet is in the same place as television was in the 60's… which is in it's infancy, meaning there are no rules. So you have the opportunity to write the script - to figure it out. And I think we will figure it out. |
| Tag Natalie Return to index of stories... |
In 1990, Natalie Jacobson was the commencement speaker at her alma mater the University of NH -- and was awarded an honorory doctorate degree in journalism. |
| Thanks/Goodbye Return to index of stories... |
That does it for us. Thanks for watching New Hampshire Outlook. I'm Beth Carroll. I'll see you next time. |
| Web Promo Return to index of stories... |
Did you have a reaction to any of the stories or interviews featured in this program? Did we miss anything or do you have suggestions for future Outlook espisodes? If so, we want to hear from you. Drop us an email at nhoutlook@nhptv.org. As always, you can find these stories and more online at nhptv.org/outlook. VERSION ONE: Connect with us online. New Hampshire Outlook is available online on demand at nhptv.org/outlook. We've been streaming our programs since Outlook premiered in September 2000. Whether you want to watch this show again, email it to a friend, search and watch past programs or get more information on thousands of stories and topics, you'll find it all at nhptv.org/outlook. VERSION TWO: Connect with us online. New Hampshire Outlook is available online on demand at nhptv.org/outlook. VERSION THREE: Connect with us online. New Hampshire Outlook is available online on demand at nhptv.org/outlook. Whether you want to watch this show again, email it to a friend, search and watch past programs or get more information on thousands of stories and topics, you'll find it all on our website. |
| key:ECONOMY Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 5/4/2008 HOST: Beth Carroll Length: 7:15 Feeling the pinch at the pumps.A break down of why gasoline costs so much money. A new program to clean up the air in the northeast and what it will mean for electricity bills. Boston TV news icon Natalie Jacobson talks about the changing face of media and the impact on local news and journalism. Hello, I'm Beth Carroll. Welcome to New Hampshire Outlook. No doubt you're feeling the pinch with gas prices soaring to new record highs. The national average has topped more than 3-dollars and 60-cents a gallon and the cost of gasoline is not much cheaper here in New Hampshire. Have you ever wondered what it is that determines the cost of gas? It's a complicated formula. Outlook's Adam Donovan learned what's causing the pain at the pump. PRODUCER/REPORTER: Adam Donovan NAME OF PARTICIPANTS: Joe Encarnacao\North Hampton, Chip Hawkins\Barrington, John Abbott\Owner North Hampton Grocery, Massood Samii, PhD\Southern New Hampshire University & Chair International Business Dept. |
| key:CONSUMER Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 5/4/2008 HOST: Beth Carroll Length: 7:15 Feeling the pinch at the pumps.A break down of why gasoline costs so much money. A new program to clean up the air in the northeast and what it will mean for electricity bills. Boston TV news icon Natalie Jacobson talks about the changing face of media and the impact on local news and journalism. Hello, I'm Beth Carroll. Welcome to New Hampshire Outlook. No doubt you're feeling the pinch with gas prices soaring to new record highs. The national average has topped more than 3-dollars and 60-cents a gallon and the cost of gasoline is not much cheaper here in New Hampshire. Have you ever wondered what it is that determines the cost of gas? It's a complicated formula. Outlook's Adam Donovan learned what's causing the pain at the pump. PRODUCER/REPORTER: Adam Donovan NAME OF PARTICIPANTS: Joe Encarnacao\North Hampton, Chip Hawkins\Barrington, John Abbott\Owner North Hampton Grocery, Massood Samii, PhD\Southern New Hampshire University & Chair International Business Dept. |
| Key:ENVIRONMENT Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 5/4/2008 HOST: Beth Carroll Length: 7:30 Feeling the pinch at the pumps.A break down of why gasoline costs so much money. A new program to clean up the air in the northeast and what it will mean for electricity bills.Boston T-V news icon Natalie Jacobson talks about the changing face of media and the impact on local news and journalism. It's not only gas that's costing more, New Hampshire consumers will soon face higher electric bills thanks to a plan to reduce carbon dioxide coming from power plants.CO2 plays a dominant role in global warming.Nine states in the northeast are participating in the Regional Greenhouse Gas Initiative or RGGI.The New Hampshire legislature is debating whether to join RGGI and so far House Bill 1434 is getting bi-partisan support. RGGI is a complex initiative that's causing some confusion and doubt. Outlook's Phil Vaughn helps sort out what it means for New Hampshire consumers and electricity producers. PRODUCER/REPORTER: Phil Vaughn NAME OF PARTICIPANTS: Martin Murray\PSNH Media Relations, Rep. Naida Kaen and Lee, Dave Juvet\B.I.A. Vice President, Ross Gittell Economics Professor, UNH |
| Key:STATE POLITICS/ GOVERNMENT Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 5/4/2008 HOST: Beth Carroll Length: 7:30 Feeling the pinch at the pumps.A break down of why gasoline costs so much money. A new program to clean up the air in the northeast and what it will mean for electricity bills.Boston T-V news icon Natalie Jacobson talks about the changing face of media and the impact on local news and journalism. It's not only gas that's costing more, New Hampshire consumers will soon face higher electric bills thanks to a plan to reduce carbon dioxide coming from power plants.CO2 plays a dominant role in global warming.Nine states in the northeast are participating in the Regional Greenhouse Gas Initiative or RGGI.The New Hampshire legislature is debating whether to join RGGI and so far House Bill 1434 is getting bi-partisan support. RGGI is a complex initiative that's causing some confusion and doubt. Outlook's Phil Vaughn helps sort out what it means for New Hampshire consumers and electricity producers. PRODUCER/REPORTER: Phil Vaughn NAME OF PARTICIPANTS: Martin Murray\PSNH Media Relations, Rep. Naida Kaen and Lee, Dave Juvet\B.I.A. Vice President, Ross Gittell Economics Professor, UNH |
| Key:MEDIA Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 5/4/2008 HOST: Beth Carroll Length: 8:00 Feeling the pinch at the pumps.A break down of why gasoline costs so much money. A new program to clean up the air in the northeast and what it will mean for electricity bills.Boston T-V news icon Natalie Jacobson talks about the changing face of media and the impact on local news and journalism. Natalie Jacobson was a familiar face to New England television viewers for more than 35 years.She was Boston's first female news anchor and when she said goodbye from the WCVB Channel 5 anchor desk last summer.she left behind a storied career.Jacobsen is also a 1965 graduate of UNH. In March, the veteran broadcaster returned to the Durham campus as a visiting journalist to share her experiences with students.I caught up with Jacobson between classes to get her reflections on the changing news industry and what she envisions for the future. PRODUCER/REPORTER: Beth Carroll NAME OF PARTICIPANTS: Natalie Jacobson\Journalist |
| Release Forms Return to index of stories... |
have 1 release form for gas prices participant |