NY Times Follows Big Gas Money Trail

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Posted October 22, 2012 by Jeff Prince in Blotch
(photo by rambergmedia)(photo by rambergmedia)

The New York Times dug deep and published an amazing investigative piece on the natural gas industry. The article examines the relationships between gas drillers and bankers as they created a boom.

The smart ones got in early and then cashed out early, leaving stockholders and others high and dry as over-drilling led to crashing prices.

The article devotes much ink to Chesapeake Energy CEO Aubrey McClendon and his frat-buddy turned high stakes banker Ralph Eads III.

 

 

 


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