Australia seen a decade away from large-scale shale production

Australian shale explorers may be a decade away from producing oil and gas on a large scale because of obstacles ranging from a lack of drilling equipment to higher labor and infrastructure costs, Wood Mackenzie Ltd. said.
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Oil falls to near $92 after sharp 2-week selloff

Oil prices fell to near $92 a barrel Friday in Asia, extending a sharp two-week selloff as the latest twists in Europe's debt crisis added to a gloomy economic outlook.
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They Finally (!!) Made a Movie Based On Battleship…

Battleship
Universal Pictures
131 minutes

At first glance, Battleship seems like the most inexcusable, wretched pile of flabby urethra to crawl out of the movie industry in eons.

For starters, the film has been attracting a year-long volley of unfiltered rage for being such a blatant, self-satirizing model of product placement and cross promotion: The movie is openly advertised as an adaptation of the Milton Bradley board game of the same title. The board game. As in, the thing you and your childhood buddies played on the floor of your parents' living room, in the days before you knew what paintball or a spliff was.

This thing, right here:

And unlike games like Clue or even Space Hulk, the sea-battle guessing game never bore any tangible plot. It was just you and your prepubescent cohorts shouting out combinations of letters and numbers. It's not a toy that in any way begs to be whored out to Hollywood script-doctors eager to capitalize on nostalgia and commercial familiarity. As sage-wisdom doler Rob Delaney opined earlier this month, "It isn't okay that there's a movie 'based on' Battleship starring Rihanna. That is a thing that is not okay." 

Everything seemed to be teed up for king-sized failure—disposable escapism that amounted to little more than Battle: Los Angeles, but with 80% less dry land. Or Transformers, absent the irrepressible charms and sly wit of actress Megan Fox.

But here's the dirty little secret about Battleship: It's actually a ragingly dumb good time, that also happens to be the most enjoyably patriotic thing in theaters today.

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Remember Stuxnet? Why the US is Still Vulnerable

This story first appeared on the ProPublica website.

Last week, the Department of Homeland Security revealed a rash of cyber attacks on natural gas pipeline companies. Just as with previous cyber attacks on infrastructure, there was no known physical damage. But security experts worry it may only be a matter of time.

Efforts to protect pipelines and other critical systems have been halting despite broad agreement that they're vulnerable to viruses like Stuxnet—the mysterious worm that caused havoc to Iran's nuclear program two years ago.

The Frankenstein-like virus infected a type of industrial controller that is ubiquitous—used around the world on everything from pipelines to the electric grid.

Experts say manufacturers haven't fixed security flaws in these essential but obscure devices.

Why hasn't more been done? Here's why Stuxnet remains a top national security risk.

Q. What is Stuxnet, anyway?

Stuxnet first made headlines when it burrowed into computers that controlled uranium centrifuges in Iran's renegade nuclear program. Its self-replicating computer code is usually transmitted on flash drives anyone can stick into a computer. Once activated, the virus made Iran's centrifuges spin out of control while making technicians think everything was working normally—think of a scene in a bank heist movie where the robbers loop old security camera footage while they sneak into the vault.

Q. Who created it?

Whoever knows the answer to this isn't telling—but if cybersecurity researchers, the Iranian government and vocal Internet users are to be believed, the two prime suspects are the US and Israeli governments.

Q. How does it work?

Stuxnet seeks out little gray computers called programmable logic controllers, or PLCs. The size and shape of a carton of cigarettes, PLCs are used in industrial settings from pretzel factories to nuclear power plants. Unfortunately, security researchers say the password requirements for the devices are often weak, creating openings that Stuxnet (or other viruses) can exploit. Siemens made the PLCs that ran Iran's centrifuges; other makers include Modicon and Allen Bradley. Once introduced via computers running Microsoft Windows, Stuxnet looks for a PLC it can control.

Q. How big is the problem?

Millions of PLCs are in use all over the world, and Siemens is one of the top five vendors.

Q. After Iran, did Siemens fix its devices?

Siemens released a software tool for users to detect and remove the Stuxnet virus, and encourages its customers to install fixes Microsoft put out for its Windows system soon after the Iran attack became public (most PLCs are programmed from computers running Windows.) It is also planning to release a new piece of hardware for its PLCs, called a communications processor, to make them more secure—though it's unclear whether the new processor will fix the specific problems Stuxnet exploited. Meanwhile, the firm acknowledges its PLCs remain vulnerable— in a statement to ProPublica, Siemens said it was impossible to guard against every possible attack.

Q. Is Siemens alone?

Logic controllers made by other companies also have flaws, as researchers from NSS labs, a security research firm, have pointed out. Researchers at a consulting firm called Digital Bond drew more attention to the problem earlier this year when they released code targeting commonly used PLCs using some of Stuxnet's techniques. A key vulnerability is password strength—PLCs connected to corporate networks or the Internet are frequently left wide open, Digital Bond CEO Dale Peterson says.

Q. What makes these systems so tough to protect?

Like any computer product, industrial control systems have bugs that programmers can't foresee. Government officials and security researchers say critical systems should never be connected to the Internet—though they frequently are. But having Internet access is convenient and saves money for companies that operate water, power, transit and other systems.

Q. Is cost an issue?

System manufacturers are reluctant to patch older versions of their products, government and private sector researchers said. Utility companies and other operators don't want to shell out money to replace systems that seem to be working fine. Dan Auerbach of the Electronic Frontier Foundation, formerly a security engineer at Google, says the pressure on tech companies to quickly release products sometimes trumps security. "There's an incentive problem," he said.

Q. What's the government doing?

The Department of Energy and the Department of Homeland Security's Computer Emergency Readiness Team, or CERT, work with infrastructure owners, operators and vendors to prevent and respond to cyber threats. Researchers at government-funded labs also assess threats and recommend fixes. But government agencies cannot—and do not attempt to—compel systems vendors to fix bugs.

The only national cybersecurity regulation is a set of eight standards approved by the Federal Energy Regulatory Commission—but these only apply to producers of high-voltage electricity. A Department of Energy audit last year concluded the standards were weak and not well implemented.

Q. So is Congress weighing in?

Cybersecurity has been a much-debated issue. Leading bills, including the Cyber Intelligence Sharing and Protection Act, would enable government and the private sector to share more threat information. But while CISPA and other bills give the Department of Homeland Security and other agencies more power to monitor problems, they all take voluntary approaches.

"Some of my colleagues have said nothing will change until something really bad happens," said Peterson, whose consulting firm exposed vulnerabilities. "I'm hoping that's not true."

Q. What does the Obama administration want?

The White House has called for legislation that encourages private companies to notify government agencies after they've faced cyber intrusions, and recommends private companies secure their own systems against hackers. But the White House stops short of calling for mandatory cybersecurity standards for the private sector.

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Lizz Winstead Has an Opinion on That!

Photo: Mindy TuckerPhoto: Mindy TuckerPolitical satirist Lizz Winstead was shouting at the TV long before it was cool. In 1991, watching CNN's coverage of the first night of Desert Storm on a bad blind date, she looked around the rapt sports bar in horror and had an epiphany: "Are they reporting on a war, or are they trying to sell me it?" Thus began an obsession with "breaking down the media breakdown" that eventually led her to cocreate The Daily Show.

In her new essay collection Lizz Free or Die, Winstead tracks her evolution from the perpetually "unladylike" youngest daughter of a large Catholic family in Minnesota to a comedian who found "a way to use humor to speak truth to power." She writes of getting knocked up by her hockey player boyfriend in high school, spending a fortune on her dogs' waste problems, and saying goodbye to her dying father with understated insight and, of course, humor—reminding us of its value as an antidote to both political and personal hardship.

These days, Winstead is busy touring the nation doing stand-up shows to benefit Planned Parenthood and gearing up for general election season. ("It is my favorite time to be out on the road," she says.) I caught up with Winstead to talk about our lazy media, uterus-related legislation, and that time she got replaced by Jerry Springer.

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A Link Between Energy, The Greek Debt Crisis, JP Morgan’s Losses, And A Fire Hydrant

About three seconds before my son ran head first into a fire hydrant on Monday night, I was talking to a friend who was asking exactly what JP Morgan had done to lose $2 billion. Both this event and the escalating farce in Greece have been dictating both the mood and movement in financial markets [...]
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More Chesapeake investors raising concerns

The New York City Comptroller on Thursday joined a list of investors who have expressed serious concern about embattled Chesapeake Energy Corp. CEO Aubrey McClendon and his leadership style during a week when the company’s market value has fallen more than $1 billion. The comptroller, John Liu, sent a letter to shareholders on behalf of [...]
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Drudge goes birther

Currently leading the popular right-wing website with close ties to the Romney campaign:

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Info About Fracking Concerns Limited in Pennsylvania

Pennsylvanians say that the state is ignoring their health complaints that they believed could be related to natural gas extraction. Residents say they have a hard time reaching state offices when they are seeking information or trying to register concerns, and the state hasn't done a good job of tracking health issues, according to the Associated Press:

"Everybody kind of just passed the buck," said Sheri Makepeace, a northwestern Pennsylvania resident who said that starting last year she tried calling the Department of Health and other agencies over fears that nearby drilling created health problems. "I've talked to so many different people and have gotten so many different stories."

This story follows up on one from last month in which the Pennsylvania Department of Health reported that it had received just 30 health complaints related to natural gas extraction in the state. After that article came out, residents pointed out that it's actually really difficult to report things to the health department. The recorded message at the phone number listed for health information and referral in the department doesn't list gas-related issues as one of the menu options, or anything remotely close.

As one researcher working on this topic told me, she called that number numerous times and "never reached a human." She either got a busy signal, she said, or was asked to leave a message. It made one wonder how many complaints the department is actually recording and addressing.

This latest story also comes after doctors and environmental activists in the state have raised concerns about a new law that they argue limits what doctors can do with information related to natural gas extraction. The law, passed in February, allows doctors to access information about the chemicals used in hydraulic fracturing in order to treat patients who may have been exposed. But the law also puts limits on how the doctors can use and share that information, requiring them to sign a non-disclousre agreement about whatever information they obtain. Opponents argue that this hampers doctors' ability to study how many people are seeking treatment and to what they might have been exposed, closing down yet another avenue for information. 

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Senators Introduce ‘Ex-Patriot Act’ In Response To Facebook Founder’s Tax Avoidance

Facebook co-founder Eduardo Saverin renounced his American citizenship ahead of Facebook’s initial public offering, a move that will save him about $67 million in taxes. Today, Sens. Chuck Schumer (D-NY) and Bob Casey (D-PA) introduced the “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” Act — or Ex-Patriot Act — to prevent this sort of tax avoidance. Under the bill, former citizens “will be subject to 30% capital gains tax on future U.S. investments no matter where they live.” Of course, Saverin could have bigger problems, as he may not be able to reenter the U.S. on account of his decision. And Saverin is certainly not the only person connected to Facebook who is planning on avoiding taxes.

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