When Victoria Switzer awoke on a cold night in March, her dog was staring out the window at the flame roaring from a natural-gas-drilling rig 2,000 feet behind her house. She remembers trees silhouetted in a demonic dance as the plume burned off gas that had been building up under her land.
By John Lippert July, 2010 (Bloomberg Markets) -- Natural gas trapped in bands of rock may deliver abundant energy and billions in profits. Companies and environmentalists are clashing as the world rushes to drill. When Victoria Switzer awoke on a cold night in March, her dog was staring out the window at the flame roaring from a natural- gas-drilling rig 2,000 feet behind her house. She remembers trees silhouetted in a demonic dance as the plume burned off gas that had been building up under her land. She discovered later that such flaring can occur when Cabot Oil & Gas Corp . and dozens more companies drill for gas trapped in shale rock. The deposits, stretching from Texas to New York, and as far away as Australia and China, represent what may be the biggest energy bonanza in decades -- one that Switzer, 57, recalls thinking the Earth isn’t surrendering without a fight, Bloomberg Markets reports in its July issue.
U.S. envoy George Mitchell returns to mediate a second round of Middle East talks this week after Israel said it is through making gestures and a Palestinian negotiator said he’s ready for the “endgame.”
Israel will not freeze construction in Jerusalem and won’t agree to pre-conditions for the start of peace talks, Prime Minister Benjamin Netanyahu said after U.S. Middle East envoy George Mitchell arrived in Israel today.
U.S. President Barack Obama is reviving Middle East shuttle diplomacy by dispatching envoy George Mitchell to the region next week, after direct talks between Israel and the Palestinians collapsed over Israel’s refusal to freeze settlement construction.
A remarkable thing happened in Silicon Valley during the past decade. Venture capitalists and entrepreneurs set their sights on clean energy as the Next Big Thing. They audaciously hoped to reinvent energy by harnessing the incredible innovation that had transformed information technology and biotechnology.
Middle East envoy George Mitchell said Israeli Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas agreed today to seek a “framework” accord as part of their peace talks.