Hydraulic fracturing wells have been producing a tremendous amount of natural gas — far more than the current demand. Above, a Cabot Oil & Gas natural gas drill at a fracking site in South Montrose, Pa.
The practice of hydraulic fracturing — pumping fluid into underground rock to push up natural gas — has its detractors, especially among environmentalists. But it's becoming clear that whatever its drawbacks, "fracking," as it's called, is producing a lot of gas — maybe too much gas.
Fracking was once a small part of the natural gas industry, a technique to get hard-to-reach deposits in underground shale. Then the technology improved, and the dinner bell rang. Everybody wanted in. Now there's so much gas on the market that the price is at a 10-year low.
After former Penn State coach Joe Paterno's death was announced Sunday, fans paid their respects at a Paterno statue on campus. Paterno exerted a rare amount of control in his decades coaching football, says Frank Deford.
Now that Joe Paterno has passed on from Happy Valley, we must ponder whether we will ever see his like again.
But please: I am now, you understand, talking about Coach Paterno. Let us, for the moment, put aside how the old citizen whose credo was "Success with Honor" acted with regard to pedophilia: so without sensitivity, so irresponsibly, so –– ultimately –– cold-bloodedly. That will sully Paterno's memory forever.
Americans who've been traveling abroad are all too often stunned by the size of their mobile phone bill. Even if they aren't actively using their phone, they can rack up hundreds, sometimes thousands, of dollars in charges — resulting in what consumer advocates call "bill shock."
Los Angeles resident Lisa French thought she was being careful when she took her smartphone on a trip to Japan.
"I was advised not to make any phone calls, as phone calls oversees are very, very expensive," she says.
When Waterbury, Vt., got walloped by the remnants of Hurricane Irene, the small town sustained an estimated $9 million in damages to personal property, and countless millions more in lost business revenue. Five months later, the waters have receded, but Waterbury's future remains uncertain.
On Main Street, a church bell still chimes every day, but daily life in Waterbury hasn't been the same since Irene.
"It's palpable," says Bill Shepeluk, Waterbury's municipal manager. "You can sense that it's not as vibrant as it was."
After tonight’s State of the Union Address, President Obama heads west to five states that will be key to his re-election next year. One of his first stops - Wednesday afternoon -- will be in the Phoenix area. In 2008, the president largely ignored the home turf of his opponent, John McCain. But as Peter O’Dowd reports, the political winds in this historically conservative state are swirling.
Call it volatility. Call it turmoil. Or just call it momentum. Whatever it is, President Obama, and a less famous guy named Mike Stauffer, want to build on it.