"The hillside vineyards of New York's Finger Lakes region make money producing fine Rieslings and inviting tourists to sip white wine by the water's edge. Now winery owners are worried about the prospect of a grittier kind of economic development: gas drilling."
Fracking has brought economic boom times to some parts of the U.S. As the price of natural gas sinks, the question arises: what will happen when the boom is over?
President Obama, GOP contender Mitt Romney, and the U.S. news media moderators pointedly refused to mention climate change once during the series of four presidential debates.
"High-profile U.S. protesters against the Canadian oil sands are taking their activism north this week, as the battle over a pipeline that would send crude to Asia enters a critical regulatory stage."
"The Department of Energy has confirmed that its oldest double-shell tank is actively leaking radioactive and hazardous chemical waste from its inner shell."
"Solyndra, the solar panel maker that failed despite a $528 million federal loan, on Monday won court approval for its plan to repay creditors and end its politically charged bankruptcy, after a judge overruled objections by the U.S. government."
"NEW YORK -- Dozens of wells drilled this year across rural Ohio are quietly pumping out the answer to the U.S. energy industry's most loaded question: Is the Utica shale formation, touted as a potentially $500 billion frontier, a boom or a bust? Yet the answer is likely to remain concealed for some time."
The Texas-based energy company TXU was, under the Bush administration, supposed to be the cutting edge of a coal resurgence. The 2007 leveraged buyout of TXU is widely regarded to be one of the worst deals in private equity history. But the firms that led it -- KKR, TPG, and Goldman Sachs -- made money with big fees even as the company tumbled toward financial ruin.
"WASHINGTON -- The owner of a small nuclear reactor in Wisconsin said Monday that it would close the Kewaunee Power Station early next year because it was unable to find a buyer and the plant was no longer economically viable."
"SHIPPINGPORT, Pa. -- Chesapeake Energy has a permit to frack just one mile from the Beaver Valley Nuclear Power Station in Shippingport. Whether that is cause for alarm, experts can’t say."
