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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Natural Gas = Freedom

Chesapeake Energy president, Aubrey McLendon, presented the Michael T. Halbouty Lecture at the AAPG Annual Convention and Exhibition in New Orleans. McLendon founded Chesapeake (CHK) with $50,000 investment back in 1989 with partner Tom Ward. Shareholder Jan Fersing of Ft. Worth, Tx, created quite the stir when he harshly criticized McLendon's compensation package during the Q and A portion of the 2009 Annual Meeting of Shareholders. McLendon's passionate response got some media attention. More recently, he faced a hostile student crowd that started chanting "frac you! frac you!".

North America is now in a position of energy abundance but it will take a few more years for everybody to buy in. The solution to energy security is staring us in the face.

Click here to watch Shale Gas and America's Future.