Can America's vast shale oil and gas reserves – combined with fracking and drilling technlogies – drive the U.S. to complete energy independence? It looks doubtful, according to OilPrice.com and a report from Credit Suisse.
It's home-grown, plentiful, and touted as the best way to wean the US off Mideast oil. But there are limits to how far the US can tilt toward a natural gas economy.
Fracking – a modern method to extract oil and gas – may be contaminating drinking supplies in Wyoming. But EPA report on the impact of fracking is not conclusive.
Texas Gov. Rick Perry, in an address in Pennsylvania, says the energy sector could create jobs in plenty of states where there are resources, and vows to lead charge to clear regulatory hurdles.
Stock traders see the Dow fall 500 points before paring some of its losses. European stock traders endure biggest one-day decline in almost three years.
According to the US panel, 'fracking' to release gas deposits in shale can be done in an environmentally responsible way. The industry hailed the report as refuting shrill critics, but environmentalists decried 'advocacy-based science' by a panel tilted toward the industry.
Gas tax – or levy – gains momentum in Pennsylvania legislature. But governor opposes natural gas tax.
Fracking, or hydraulic fracturing, is a controversial process for extracting natural gas from shale. Critics of fracking question the environmental and health effects of pumping thousands of gallons of water and chemicals underground.