Sunday, December 11, 2011

Who is Aubrey McClendon?

"FORBES estimates McClendon's personal fortune exceeds $1.2 billion, including his 2.5% personal stake in nearly every Chesapeake well, real estate and 19% of the NBA's Oklahoma City Thunder, which he helped move from Seattle to his hometown amid much acrimony. He is without a doubt the most admired--and feared--man in the U.S. oil patch."
--http://www.forbes.com/forbes/2011/1024/feature-aubrey-mcclendon-hero-energy-chesapeake-risk-christopher-helman.html



"We have a three-pronged approach. First, we will create huge new supplies of oil and natural gas liquids in the United States, as much as 50%. Our company will be part of that not all of it. Second, we will create what is called a natural gas highway for America. we will start with heavy trucks. We think within 3 years we will be able to rely on a coast-to-coast border-to-border network, grid if you will. We will begin to convert from trucks that use diesel, primarily foreign oil, to something running on American natural gas. The third thing is our investment in Sundrop fuels, which is a company that has developed a proprietary way to combine two great American resources, which is biomass and natural gas together, to create the only affordable scalable, green gasoline that our country has ever seen. I think you take those three things together, you have an immediate solution to the problem of imported oil and a moribond economy, and you have an intermediate solution through natural gas fuel and infrastructure and finally, the longer term green gas as well.

What do you think these initiatives will do for employment?

At a minimum, I think they can create a million jobs over the next few years. I look at our own company, we have create 2000 jobs over the last six months alone, just through expanding our business in natural gas and oil production as well. And these are not low wage jobs. These are good solid jobs that should have salaries in the range of 50-75-100,thousand dollars, white collar and blue collar jobs."

==================
 "Yes, it’s really true: America’s future energy needs can be supplied 100% from home-grown energy resources.  Production of unconventional oil and shale natural gas from 32 of our 50 states now provides fuel sources of revolutionary abundance, allowing us in the years ahead to stand tall again without the weight of exporting trillions of dollars to the world’s oil producers.
This new energy supply revolution in the U.S. is so enormous that American manufacturers now enjoy natural gas costs that are the envy of the world.  Since 2008, the abundant supply of natural gas has dropped the price of natural gas by 67%, providing a national economic stimulus of $250 million per day.  This domestic energy cost advantage is already attracting industrial facilities back into the U.S.; witness the almost weekly announcements of new jobs in the American chemical industry, for example.  In the next few years, rising production of American natural gas can spark a 21st century American manufacturing renaissance, producing jobs that will help revitalize America."
--http://www.forbes.com/sites/christopherhelman/2011/10/03/chesapeake-energys-mcclendon-how-america-can-get-its-swagger-back/

No comments:

Post a Comment