Crash

Former Chesapeake Energy Corp. CEO Aubrey McClendon, 56, who founded American Energy Partners LP in 2013, was killed in a car wreck Wednesday, according to Oklahoma authorities.

Aubrey McClendon, 56, the former chief and co-founder of Chesapeake Energy Corp., and an early leader of the shale revolution that transformed the energy industry, was killed instantly Wednesday in a single-car crash in Oklahoma City.

Once a high-flying global merchant power plant developer/operator tied to one of the top U.S. energy holding companies, Edison Mission Energy (EME) crash landed Monday with a Chapter 11 bankruptcy filing.

Computers are prone to viruses and sometimes crash, but Americans mostly like the computer industry. However, the yo-yo nature of gasoline prices is something they can’t abide, according to a recent Gallup poll that found the oil and gas industry and the federal government have the “least positive images” among Americans, just like they did a year ago.

With some interim, quick-fix measures to add peaking plant capacity and demand response programs on a crash basis, California should have more than adequate power supplies to meet expected peak demand next summer, energy officials were told last week. The assessment was provided by state energy officials during a joint meeting of the state’s major energy agencies in San Francisco.

Amid rising concern about a potential price crash this summer because there likely will be little if any capacity left for storage injections, the cash market may have hinted at what is in store by plummeting across the board Friday.

Two to three years after the crash of the wholesale energy marketers the results of a new Standard & Poor’s survey of today’s market participants are “troubling,” to the ratings agency, which found that not all had learned the lesson of sound risk management practices regarding liquidity. Some also harbor the mistaken belief that it can’t happen again.

Two to three years after the crash of the wholesale energy marketers the results of a new Standard & Poor’s survey of today’s market participants are “troubling,” to the ratings agency, which found that not all had learned the lesson of sound risk management practices regarding liquidity. Some also harbor the mistaken belief that it can’t happen again.

The generating capacity boom may have crash landed, but energy markets should begin to renew their interest in building as soon as 2007, according to a report by Energy Security Analysis Inc. (ESAI). However, the Wakefield MA-based analysts said actual market conditions to support cash flow needs for new generators may not return until 2009.