To the Point
Oil and Gas Boom Reshapes US Energy Landscape
America's boom in oil and natural gas may create jobs, but it's already bad news for the environment and could drastically set back efforts to cope with global warming.
By Warren Olney • • 50m ListenAmerica's boom in oil and natural gas is being compared to the tech boom of the 1990's, with the unexpected capacity to create new jobs and accelerate economic recovery. But it's already bad news for the environment and lifestyles in many places, and it could drastically set back efforts to cope with global warming. Also, the air war between Israel and Hamas continues, and BP has admitted to felony crimes resulting from the Gulf oil spill of 2010.
Banner image: Piceance Basin Natural Gas Operations in northwestern Colorado. Photo by EnergyTomorrow/flickr
In this episode
3 storiesAir War between Israel and Hamas Continues
Alarms sounded today in Tel Aviv, but incoming rockets from the Gaza Strip fell in open areas near the port city of Jaffa and another community. The Israeli Army has called up the reserves. Joel Greenberg is Jerusalem correspondent for the Washington Post .
Read the story7 minAmerica's Oil Boom: the Economy and the Environment
When the President and Mitt Romney talked about "energy independence" during the recent campaign, it had the sound of an unattainable promise. Now the International Energy Agency says the US will surpass Saudi Arabia's oil production in just five years and be "all but energy self-sufficient" soon after.
Read the story35 minBP's $4.5 Billion Payout for Oil Spill
Speaking of the risks as well as the benefits of oil production, the worst offshore spill in US history is back in the news.
Read the story8 min
