News bites: Natural-gas profits expected to fall

Natural-gas drillers are taking a financial nosedive as low prices force the industry to shift to oil production, reports Bloomberg.

Higher fuel costs were likely to blame for the September jump in consumer prices, according to Bloomberg.

The Eagle Ford Shale formation in southern Texas has become a premier North American site for unconventionally extracted natural gas and oil, according to the Houston Chronicle.

Climate change is pushing the Corn Belt north, notes Bloomberg.

Iraq will spend $1.6 billion on wind and solar over three years to add 400 megawatts of electricity capacity to help reduce blackouts, says Reuters.