Shale Gas and Fracking
Chesapeake Energy and its CEO, Aubrey McClendon, have been the public face of the U.S. shale-gas revolution, which is as celebrated for its role in transforming energy geopolitics as it is feared for the potential environmental impacts of its key technology -- hydraulic fracturing, or 'fracking.' Now, allegations of scandal at Chesapeake, the nation's second-largest gas producer, draw new scrutiny to an industry leader.
Sasol Ltd., the biggest producer of liquid fuels from coal, said first-half profit rose 26 percent as a weaker rand countered a 5.3 billion-rand ($492 million) writedown in the value of its Canadian gas assets.
U.S. efforts to speed natural gas exports as a way to loosen Russia’s grip on European energy supplies may be thwarted by lengthy reviews and developer reluctance to proceed with multibillion-dollar projects.
Former Federal Reserve Chairman Ben S. Bernanke said the U.S. economy should continue to recover, and he expects the central bank will continue to provide support to growth until the labor market is fully healed.
InsideClimateNews.org -- As federal regulators continue investigating why tank cars on three trains carrying North Dakota crude oil have exploded in the past eight months, energy experts say part of the problem might be that some producers are deliberately leaving too much propane in their product, making the oil riskier to transport by rail.
BHP Billiton Ltd., the world’s biggest mining company, sees international development of shale- gas resources continuing to trail the production boom in the U.S. in part because of a lack of infrastructure.
Bloomberg Sustainability News
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