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Fracking

Pre-Holiday stock action: Nothing to see here, folks

WASHINGTON, July 3, 2017 – While the media had a weekend-long hissy fit over President Trump’s CNN-trashing WWE Smackdown parody .gif video, Wall Street ignored all the noise and hit the irrational exuberance button again, but on low volume. The Dow closed up 129.64 points to stand at 21,479, after hitting another all-time high of ...

Latest Einhorn short attack is aimed at hapless frackers

WASHINGTON, May 4, 2015 – Tuesday stock market action looks to be flat to slightly negative as Wall Street continues to grapple with fear of the unknown. The Fed is trying to ease the U.S. into a post-QE mode; Q1 corporate earnings—with the exception of Apple (symbol: AAPL)—have generally been unimpressive as another “earnings season” ...

Newtonian physics: Oil heads back down, Wall Street follows

WASHINGTON, February 4, 2015 – You win some, you lose some in this yo-yo 2015 stock market. The HFTs are having fun Wednesday driving stocks down or shorting them after yesterday’s massive rally. Like Newtonian physics, what goes up in this market is bound to go down. The reason: looks like oil inventories are up ...

Environmental groups have lost the war against fracking

CHICAGO, June 11, 2014 — Hydraulic fracturing, or fracking, a technique to remove natural gas and oil from shale formations, has been under withering assault from environmental groups for much of the last decade. Fracking has been blamed for contamination of drinking water, air pollution, earthquakes, water shortages, global warming, radiation discharge, and even cancer. ...