New York State Set to Allow Fracking

Frack it, the state is expected to say

The method of extracting natural gas from deep in the earth known as "fracking" has dramatically changed the U.S. energy industry, but as more wells are drilled, protests have continued.

The latest flashpoint is New York State, which has been a fracking holdout. CBS News has learned that New York is about to okay fracking, and will issue guidelines after Labor Day.