Not long ago, the domestic supply of natural gas was so limited that facilities were constructed in U.S. ports to import natural gas. However, fracking changed the supply situation. Now, the United States produces more natural gas than it can use. As a result, prices have plummeted to approximately $4 per thousand cubic feet.
In 2012, during the worst of the glut, the Henry Hub price dropped below $2 per thousand cubic feet. The spot price for gas is set in the New York futures market, based on trades at a Louisiana collection center known as the Henry Hub. Comparatively, the industry is generally profitable when gas is sold between $4 and $6.
Domestic natural gas: From boom to overkill
Fukushima's Invisible Crisis: Don't expect coverage on the evening news
On July 22, one day after Prime Minister Shinzo Abe’s pro-nuclear Liberal Democratic Party won control of Japan’s upper house of Parliament, the Tokyo Electric Power Company (TEPCO) revealed that contaminated groundwater from its Fukushima Daiichi Nuclear Power Plant was leaking into the Pacific Ocean.
The head of the Soma-Futaba Fisheries Cooperative, Hiroyuki Sato, complained to the local paper, Fukushima Minpo, “TEPCO is saying that the pollution will stay inside the harbor, but the harbor is connected to the ocean, and the tide flows in and out. You can’t say there won’t be any impact. We want them to take action immediately.” The National Federation of Fisheries Cooperative Associations called the
Snowden suspected of bypassing electronic logs
The U.S. government's efforts to determine which highly classified materials leaker Edward Snowden took from the National Security Agency have been frustrated by Snowden's sophisticated efforts to cover his digital trail by deleting or bypassing electronic logs, government officials told The Associated Press. Such logs would have showed what information Snowden viewed or downloaded.
The government's forensic investigation is wrestling with Snowden's apparent ability to defeat safeguards established to monitor and deter people looking at information without proper permission, said the officials, who spoke on condition of anonymity because they weren't authorized to discuss the sensitive developments publicly.
50 years later, thousands retrace March on Washington
Fifty years after the Rev. Martin Luther King Jr. offered a transcendent vision of racial harmony for America's future with his "I Have a Dream" speech, tens of thousands gathered where he spoke Saturday to hear leaders tell them that while much has been attained, much remains unfinished.
"Dreams are for those who won't accept reality as it is, so they dream of what is not there and make it possible," the Rev. Al Sharpton, an event organizer, told throngs that pulsated with enthusiasm in response, laughing, cheering, nodding and clapping.
Bob Alexander: Happy Anniversary To Us!
Two years ago today, August 22nd, we moved to Beautiful British Columbia. I’m only going to say this one more time as I can imagine everyone is getting awfully tired of hearing it:
Every Single Day I read at least one news item, oftentimes more, from The States that makes me very happy and relieved we don’t live in the U.S. anymore.
And …
Every Single Day I have a moment, some days a couple of moments, when I am grateful we now live in Canada.
Radioactive groundwater at Fukushima nears Pacific
Deep beneath Fukushima's crippled nuclear power station, a massive underground reservoir of contaminated water that began spilling from the plant's reactors after the 2011 earthquake and tsunami has been creeping slowly toward the Pacific.
Now, 2 1/2 years later, experts fear it is about to reach the ocean and greatly worsen what is fast becoming a new crisis at Fukushima: the inability to contain vast quantities of radioactive water.
Lebanon: Twin bombing kills 27 and wounds 352 in Tripoli
27 people have been killed and 352 wounded when two bombs exploded within minutes of each other outside separate mosques in Lebanon’s northern city of Tripoli on Friday, state news and private television networks reported.
One of the bombs exploded near the Taqwa mosque as worshippers spilled out of the religious center following Friday prayers. Minutes later a second explosion struck the Salam mosque in the Mina area near the waterfront.
9/11 trial lawyer: CIA had its finger on Guantánamo’s mute button
Mystery solved, if there was any doubt: It was the CIA that hit the mute button in the war court earlier this year when a defense lawyer for the accused 9/11 mastermind began talking about the CIA’s secret overseas prisons, the lawyer said Monday.
The Jan. 28 episode so embarrassed Army Col. James Pohl, the judge in the Sept. 11 terror case, that he ordered the kill switch unplugged, an order the agency apparently honored because no outside entity has censored the court since.
Texas drought: frack the water + frack the climate = “dear God help us”
The state of Texas is in a state of pain.
We almost have to invent a new word to convey the sense of a drought this devastating: 98% of the state is experiencing drought, with areas of “severe” and “exceptional” drought.
Farmers and ranchers are selling their herds. Yet in some towns, the fracking industry is being allowed to use 50% of the water. You can call Texas Governor Rick Perry to ask him why: (512) 463-2000.
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