Chesapeake Energy CEO on Shale Gas in U.S. (60 Minutes), Pros/Cons CHK

Chesapeake Energy's CEO Aubrey McClendon was featured 60 Minutes last night. He said the U.S. has two Saudi Arabia's worth of natural gas. Chesapeake Energy (CHK) is the biggest independent natural gas producer in the U.S.. Natural gas extracted from shale rock is making millionaires all over the country (shaleionaires). They extract gas by fracking the rock (hydraulic fracturing). There are cons to this practice though, like when gas leaks into the water supply. Related news: (Chevron bets on shale gas with $3.2 billion Atlas buy 11/9/2010).

Article: Energy: The Pros and Cons of Shale Gas Drilling

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