- Tight Gas & Oil
- Gas Hydrates
U.S. oil stocks are higher than at any time since 1930 and are expected to build even higher by April as WTI feels the pain.
A news report that said the company had hired a restructuring attorney sent the price of the stock tumbling, but Chesapeake countered it had no intention of filing for bankruptcy.
President Barack Obama is proposing to pay for clean energy investments by placing a $10 per barrel oil fee as the industry grapples with low prices. Congressional leaders said the plan is dead on arrival.