Chesapeake Energy CEO Says Increased Use of Natural Gas Would Benefit Environment and Economy, an Industrial Info News Alert

Wednesday, June 17, 2009 5:52 AM

(Source: MARKETWIRE) tracking

Researched by Industrial Info Resources (Sugar Land, Texas) -- At Chesapeake Energy's (NYSE:CHK) (Oklahoma City, Oklahoma) recent shareholder's meeting, Chairman and CEO Aubrey McClendon suggested that the increased use of natural gas would be a way to help the U.S. stop indirectly funding nations that are "declared enemies" and would benefit the environment as well. McClendon said the lack of availability of natural-gas-powered cars in the U.S. is "the most frustrating part of my existence today" and pointed out that General Motors (PINKSHEETS:GMGMQ) (Detroit, Michigan) manufactures 12 car models throughout the world that come off of the assembly line ready to run on natural gas, yet there are no such models in the U.S.

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