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By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
Independent voices from the The Washington Times Communities
Topic - Chesapeake Energy Corp.
Oil companies from China, Norway, Japan and other nations are investing billions of dollars in U.S. shale projects so they can learn how to extract oil and gas from bedrock and use those technologies to tap into the large and mostly undeveloped shale deposits outside the U.S.
Just weeks after taking a stake in Chesapeake Energy Corp., activist shareholder Carl Icahn has helped orchestrate a shake-up at the nation's second-biggest natural-gas producer.
The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years.
Natural gas prices fell Thursday after spring-like weather blanketed much of the country, raising expectations that demand will remain weak. At the same time, supplies have stayed well above year-ago levels.
Faced with decade-low natural gas prices that have made some drilling operations unprofitable, Chesapeake Energy Corp. said Monday it will drastically cut drilling and production of the fuel in the U.S.
Some insist Marcellus Shale natural gas is a huge economic boom for America, while others are certain it's an environmental catastrophe.