October 22, 2012

Natural Gas Glut - Winners and Losers

A Chesapeake Energy drill rig. A natural gas glut and price plunge have hurt gas exploration companies and their investors. 

Fascinating article on the financing of the Natural Gas Glut - Winners and Losers [NY Times]

However, the only losers mentioned in this article are the investors and gas drilling companies. 

No mention of the environmental toll incurred by this glut or the impact on the clean energy industry. 

Not so shocking that Wall Street created another boom - bubble - bust cycle where the bankers profit while their customers lose their shirts. 

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