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Obama Calls on Energy Companies to Disclose the Ingredients of Fracking Fluid

President Obama during the State of the Union address Tuesday night said his administration would require energy companies working in shale gas plays in his country to disclose the ingredients of hydraulic fracturing fluid. That’s becoming something of a common practice in the United States, a country described by Texas oil magnate T. Boone Pickens as the Saudi Arabia of natural gas. Yet, advocacy groups complain the chemicals in so-called fracking fluid threaten the environment. State regulators, and most of the energy companies, counter that…

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The Benefit of the Doubt Market

It is already January 24, and the S&P 500 has seen a grand total of two down days so far in 2012. Are we on the eve of one of the great bull markets of all time? Is it off to the races once again?

I follow dozens of fundamental and trading research services and the number that are flashing warning lights right now is close to an all-time high. For example, the AAII sentiment survey now shows that 46% of investors believe that the stock market will be high in six months, well above the 39% historic average. It has only been higher…

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Peace Pipeline May Finally Have its Day

Indian and Pakistani officials this week are debating issues related to a natural gas pipeline planned from Turkmenistan. Pakistan’s energy minister left Monday for India to hold talks on the pipeline, which is the favorite of Washington. But Pakistan is running out of options to address energy shortages and explorers working on natural gas in Turkmenistan said the market wasn’t ripe yet for major energy developments. Iran, meanwhile, says its section of a gas pipeline from the South Pars gas field is ready to go, and with Islamabad growing…

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Something’s Fishy in Tripoli

Way back in early 2011, members of the U.N. Security Council had no problem getting a resolution through that authorized military force in Libya ostensibly to protect civilians from attacks by forces loyal to strongman Moammar Gadhafi. The year before, lawmakers on both sides of the Atlantic were bickering over who did what and why in terms of the cancer-stricken Lockerbie bomber. This Scottish decision to release him, depending on which U.S. lawmaker you spoke with, was tied to a BP deal to drill for oil in Libya. Despite fractures in the new…

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Outrage over Dams Being Built as Part of India’s Hydro Energy Scheme

In demonstrations barely reported in the media, peasants and students in the North-eastern Indian state of Assam are fighting together against a proposed gargantuan network of dams across the upper reaches of its rivers in Arunachal Pradesh, one of the world’s six most seismically active regions. The movement has gathered impressive momentum against a project that threatens devastating environmental, demographic and socio-economic impact.

The anxiety and disquiet among the downstream dwellers created over the construction of mega…

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