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Pennsylvania

JPZenger

(6,819 posts)

3. Industry was surprised by rapid drop in gas prices

Reply to tech3149 (Reply #2)

Fri Nov 8, 2013, 09:12 AM

Nov 2013

Parts of the gas industry were way over-leveraged - Chesapeake Energy in particular had ridiculous levels of debt. When retail natural gas prices fell, they had to sell off fracking fields at fire sale prices - including to the Chinese. The Chinese structured the deal so they got the technology too.

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Volume of natural gas production increasing faster than expected, even with fewer new wells [View all] JPZenger Nov 2013 OP

Since the way the taxes were structured Curmudgeoness Nov 2013 #1

Absolutely tech3149 Nov 2013 #2

Industry was surprised by rapid drop in gas prices JPZenger Nov 2013 #3

How could they not realize Curmudgeoness Nov 2013 #4

Not unexpected. happyslug Dec 2013 #5