Chesapeake Energy CEO Aubrey McClendon resigned his post as chairman Tuesday, and will end his participation in a hugely lucrative and highly questionable investment deal 18 months early. But if you think that means he's turning over a new leaf, let's drill a little deeper ...
With less than one week until winter is officially over, Americans are celebrating the end of the season with an extra "spring" in their steps. What's got them feeling so happy? Two words: fatter wallets, thanks to warmer temperatures and lower heating costs.
The energy situation is looking pretty grim for much of the world. But here in North America? We're sitting pretty. Thanks to a boom in natural gas production from shale, and oil production from Canada's tar sands, North America will become an energy exporter over the coming decades.
Feeling the earth move under one's feet can be unsettling, even in places where it's a natural and fairly common occurrence. But far more disconcerting is when major tremors in places unaccustomed to earthquakes can be traced to human causes like fracking.
The oil industry giants are embracing alternative technologies -- including biofuels, geothermal and solar. Right now, renewable sources provide only a tiny fraction of the profits they derive from oil and gas, but they'll have a real impact on the revenues of majors like BP, Exxon Mobil and Chevron in the not-so-distant future.
The former chief executive of Bear Stearns recently had a chance to share his thoughts on the federal government's bailout of Wall Street, banking reform and the controversial books about the downfall of his old firm.
