Billionaire Aubrey McClendon CEO of Chesapeake Energy, the nation's second-largest natural gas producer, is an evangelist for "fracking." Is the boom in natural gas a bubble that will go bust as the price of gas itself continues a dizzying fall?
"President Barack Obama on Sunday told a pro-Israel lobbying group that 'loose talk of war' was only serving to benefit Iran because it was driving up the price of oil."
"After one of the biggest environmental fights in decades, exploratory drilling is expected to begin in July off the state's north coast. The company has plans in case of a spill; opponents say normal operations will still release damaging chemicals."
"The help-wanted sign is out in Canton, Ohio, for Chesapeake Energy."
"The company that has led the charge in shale gas drilling is looking for truck drivers with licenses for hazardous materials, a purchasing coordinator for oil field equipment, a pipeline technician, a field safety coordinator, administrative assistants, troubleshooting electricians, a tax analyst and more.
"The Nuclear Energy Institute and the National Mining Association, Monday filed a federal lawsuit seeking to reverse the Obama administration's withdrawal of one million acres of public land in Arizona from uranium mining for 20 years."
"Two utility companies announced the closure of 10 aging U.S. power plants Wednesday, a move environmental groups hailed as a major victory even as critics warned it could raise the price of electricity."
Juliet Eilperin reports for the Washington Post February 29, 2012.
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"NASHUA, N.H. -- With his re-election fate increasingly tied to the price Americans are paying at the gas pump, President Obama asked Congress on Thursday to end $4 billion in subsidies for oil and gas companies and vowed to tackle the country’s long-term energy issues while shunning 'phony election-year promises about lower gas prices.'"
"The war of words between the Obama reelection campaign and billionaire conservative activists Charles and David Koch escalated Wednesday. The president's campaign manager, Jim Messina, sent a letter to Philip Ellender, Koch’s president for government and public affairs, disputing Ellender's claim that an organization partially backed by the brothers represented the interests of thousands of grassroots donors."
"Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-N.M.) will introduce legislation Thursday mandating that power companies generate a major portion of the country’s electricity from low-carbon energy sources."
"GRAND JUNCTION, Colo.—Chevron Corp. is giving up its experimental oil shale lease in northwest Colorado, saying it wants to free up its resources for other priorities."
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