Fracking: The next bubble?
This article was published in partnership with GlobalPossibilities.org.
Coal and nuclear power industries in the United States have seen better days. The main culprit, energy industry analysts say, is the low cost of domestic natural gas, coupled with carbon-reducing regulations imposed by the Environmental Protection Agency and the efforts of environmental groups.
Instead of paying the high costs to upgrade coal-fired plants and repair aged nuclear facilities to meet environmental regulations, power companies across the country have been making the switch to natural gas.