Kennedy takes a look at the billionaires who have benefitted the most from the US oil industry, according to Forbes' recently released rich list.
South Africa has lifted a ban on the hydraulic fracturing, a controversial method for tapping natural gas reserves commonly known as "fracking," according to OilPrice.com. South Africa ranks among the top ten global owners of shale gas resources and some say fracking will help the country exploit these resources.
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.
Kinder Morgan purchased rival pipeline operator El Paso Corp for $21 billion, creating what will be by far the country's largest pipeline distributor of natural gas.
The Dow plummeted by more than 2 percent on Wednesday, losing about 279 points, after Moody's cut Greece's bond ratings
Drilling shale to capture oil and gas is a technology that China, which burns a lot of coal, is eager to learn. That's why it's a partner in a south Texas 'fracking' project.