Federal authorities say W-B man is a terrorist

This must be big news as I just heard it mentioned on FOXNEWS:

TL: Michael Curtis Reynolds says he's a patriot. Federal authorities say he's a terrorist.
The FBI believes that the unemployed Wilkes-Barre man tried to conspire with al-Qaeda to wreck the American economy. Agents say Reynolds plotted to blowup the Trans-Alaska Pipeline, a Pennsylvania pipeline, and a New Jersey refinery. The sensational allegations, disclosed in a federal transcript obtained by The Inquirer on Friday, reveal a convoluted plot that includes cyberspace intrigue, an elaborate FBI sting, and a clandestine money-drop on a deserted Idaho road.