“The industry can cope with $4 gas. The industry can’t grow or sustain production with $4 gas…We at Chesapeake think that price has to be three times the finding costs, and that translates to $6 to $9 in the next 12 months.”

One thought on “Aubrey McClendon, Chesapeake CEO”

  1. Every time I read anything about the price of natural gas, I can’t help but remember Alan Greenspan saying, about 5 years ago at some Congressional hearing as I recall, how those who invested in LNG facilities to bring imported gas into the US, were going to reap above average return on their investment. Were potential investors lucky that building permits for LNG sites were hard to get or what!
    I guess keeping the Fed interest rate at 1% , and thereby helping to facilitate the housing bubble that may yet collapse the world’s financial system, wasn’t his only mistake. Maby his team of PhDs didn’t tell him about shale gas, or the extent of the housing fraud that was going on. Greenspan and Tony Blair should get together and form, ‘The Club of Perfect Retirement Timers’.

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