As Chesapeake was expanding at breakneck speed, natural gas prices were near $20 per million British thermal units, the benchmark for natural gas trading. But frackers like Chesapeake flooded the market with cheap natural gas, sending prices to well under $2.
The capitalists lose out, the consumer wins, cheap energy as well. Well, suppose they’ve got to think it a bad thing for it certainly goes against everything they believe about markets and capitalism, doesn’t it?