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  • Chesapeake Energy: As Takeover Rumors Swirl, Here Are A Few Things To Keep In Mind  [View article]
    Gee! Has anybody noticed that the price of NG is rising?
    Oct 20, 2013. 11:38 PM | Likes Like |Link to Comment
  • The NYT tells the fascinating story of how frenetic bankers like Ralph Eads III raised way too much money to finance the shale gas production dreams of those like his frat brother Aubrey McClendon (CHK). "Quit drilling," pleaded T. Boone Pickens to his fellow EXCO (XCO) board members as gas prices plunged. It made sense, but there was a problem: The terms of the EXCO's financing and leasing agreements required the company to continue.  [View news story]
    Welcome to Adam Smith 102: Risking Private Capital! Arising from the ashes of squandered private money as reported by the New York Times we may indeed witness a 21st century phoenix, a reindustrialization of the U.S. characterized by abundant, relatively cheap energy fueling capital intensive manufacturing that results in higher, well-paid employment, greater national wealth, energy independence and a balance of payments surplus supported by exports of petroleum and petrochemical products, including, of course, LNG.
    Oct 22, 2012. 01:18 AM | 1 Like Like |Link to Comment
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