Economy & Business

"During Domestic Drilling Boom, Why Are Gas Prices Still High?"

"The drilling processes of hydraulic fracturing – or 'fracking' — and horizontal drilling have made it possible to access previously unreachable deposits of fossil fuels, creating a surge in domestic oil and natural gas production. So why are prices at the gas pump still relatively high? (Last week, the average national gas price was $3.68 per gallon.)"

Source: StateImpact Texas, 08/02/2013

EPA Staff Report Contradicts Agency's Agnosticism on Fracking

Here's more evidence of why documents should be leaked to reporters: a Powerpoint obtained by LA Times' Neela Banerjee shows EPA's Region 3 staff argued a year ago for continuing its investigation of fracking pollution around Dimock, PA — as EPA HQ announced it was ending its study of Dimock wells. Now there's an echo in Pavillion, WY.

Halliburton Admits Destroying Gulf Spill Evidence

Journalists who worried about a cover-up during the April 2010 blowout of BP's Deepwater Horizon drilling rig in the Gulf of Mexico got some vindication this month when Halliburton admitted to destroying evidence. The company agreed to pay $200,000 in fines and donate $55 million to the National Fish and Wildlife Foundation.

"U.S. Program To Save Fragile Land Shrinks in Size To 25-Year Low"

"The U.S. program that pays farmers to idle fragile cropland soon will protect the smallest amount of land in a quarter-century, the government said on Monday, the result of several years of sky-high commodity prices that have encouraged farmers to plant as much as possible."

Source: Reuters, 07/24/2013

"Davis-Besse Among 12 Plants at Risk, Says Analyst"

"OAK HARBOR, Ohio — Davis-Besse is identified in a new economic report as one of a dozen U.S. nuclear reactors most likely to be closed by their utilities before their licenses expire because of changing energy markets, including falling natural gas prices, rising costs of nuclear operations, repairs, and post-Fukushima retrofits."

Source: Toledo Blade, 07/19/2013

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