The dramatic drop in the price of natural gas as a result of the U.S. fracking boom may doom the profitability of future coal-burning power plants. It is just one example of how imperfect information about the future makes energy markets uncertain and risky.
"U.S. regulators have rejected claims by oil and gas companies that a requirement to disclose payments to foreign governments is so big of a burden that it outweighs a broader goal of choking off corruption in countries where they operate."
"PARIS, Texas -- The developer of the disputed Keystone XL oil pipeline, planned to carry oil from Canadian tar sands to Texas Gulf Coast refineries, may condemn land across a northeast Texas farm for the pipeline's right of way, a judge ruled Wednesday."
"President Obama promotes wind energy in Iowa while Mitt Romney defends the coal industry before a group of miners in Ohio."
"In southern Illinois, farmer Jim Unverfehrt steered his pickup beside a corn crop already lost, then hopped out to search for the soybeans he planted six weeks earlier."
"RANJIT NAGAR, India -- When the United Nations wanted to help slow climate change, it established what seemed a sensible system. Greenhouse gases were rated based on their power to warm the atmosphere. The more dangerous the gas, the more that manufacturers in developing nations would be compensated as they reduced their emissions. But where the United Nations envisioned environmental reform, some manufacturers of gases used in air-conditioning and refrigeration saw a lucrative business opportunity."
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