By Steve Hargreaves updated 2:54 PM EST, Fri Dec 21, 2012 NEW YORK (CNNMoney) -- The Environmental Protection Agency released a progress report Friday that reiterated its support for increasing naturalMore >> The Environmental Protection Agency released a progress report Friday that reiterated its support for increasing natural gas development in the United States.
More >>By Andrew Stevens, CNN updated 1:41 AM EST, Fri Nov 23, 2012STORY HIGHLIGHTSHistorian Niall Ferguson says America could be set for a new economic boomSays production of natural gas and oil from shaleMore >> If there's been one consistent thread running through the U.S. economic story since 2008, it's been the steady drumbeat of gloom.
More >>By Mallika Kapur, CNN updated 10:51 PM EDT, Sun Sep 9, 2012STORY HIGHLIGHTSGuar beans bringing relative riches to Sri Ganganagar in northwest IndiaPrice has risen tenfold in the past year delivering bigMore >> Rajinder Kumar has a spring in his step and a big smile on his face these days.
More >>
CHATTANOOGA, Tenn. (AP) - New state rules for hydraulic fracturing of rock to release natural gas have come about as interest builds in tapping the Chattanooga Shale formation.
The Chattanooga Times Free Press reported a half-dozen drilling companies have looked at property leases and mineral rights in Hamilton County. A spokeswoman with the Tennessee Department of Environment and Conservation said no permits have been granted and none are pending locally for the so-called "fracking" method of drilling.
Industry officials say fracking does not endanger the water supply and say there is a lot of hysteria about the practice.
But UTC biology professor Henry Spratt was preparing Monday to speak to a Sierra Club meeting about his concerns. Spratt pointed to Pennsylvania, where he said some wells are so polluted they can catch fire.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
