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Frack or Freeze in the Dark

From Aubrey McClendon via the WSJ (google “Aubrey CcClendon: The Politically Incorrect CEO“):  “You want to go ban fracking for a year? Knock yourself out. It would be marvelous for our share price,” because the limit on supply would send gas prices soaring. “Essentially every well in the U.S. is fracked,” he continues, and therefore a ban on gas production would eliminate the energy on which utilities and their customers rely. “You’ll kill tens of thousands of people, freeze them out. You’ll starve them out. It’s completely unthinkable.”

The US natural decline rate is up to 32%:  Oil Drum

Meanwhile, the depressed natural gas strip does not believe any kind of fracking moratorium is coming:  CME Group