scfranklin94

Natural Gas: Clean Fuel with a Dirty Little Secret

Basically why Aubrey McClendon and Pickens are pushing so hard for NG to become a transportation fuel, is that the new shale plays will outstrip current demand for the rest of the next decade. CHK is about the most skillful hedger of all of the producers, but when it comes time to put on hedges for next summer, the price may be in $6 - $7 range; thereby locking in a huge disparity vs. crude.