The CEO of the nation's largest natural gas producer had to involuntarily sell all of his stock this past week. The financial crisis has now obviously spread to the energy markets. Full Story »
Posted by Greg Boyle
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Good reporting on a seldom-discussed aspect of the current economic turmoil, namely the future affordability of natural gas. The story is sparked by a share sell-off by Chesapeake Energy's CEO, which followed close on the heels of an announcement of reduced 2009-2010 expenditures (and production). All of which leads to several disturbing questions on natural gas as a commodity. Will hedge fund managers short it? Will large buyers be able to pay for it when contracts come due? Most ... More »
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