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Big Oil CEO Killed In Fiery Crash Less Than 24 Hours After Being Indicted
Aubrey McClendon, former chief executive of Chesapeake Energy Corporation, died in a fiery car crash on Wednesday — the day after being indicted on federal antitrust charges.
McClendon was known as either a pioneer of the U.S. shale oil industry boom — or derided as the King of Fracking — depending on whom you ask. But, Tuesday’s indictment was not the first time he’d had trouble with the law concerning his enormously profitable business practices.
McClendon had issued a statement prior to his death, reported by Zero Hedge, in which he vowed to fight the charges.
The cause of the crash seems “pretty cut and dry,” Oklahoma City Police Capt. Paco Balderrama said.
“He pretty much drove straight into the wall,” Balderrama said, according to NBC affiliate KFOR. “The information out there at the scene is that he went left of center, went through a grassy area right before colliding into the embankment. There was plenty of opportunity for him to correct and get back on the roadway and that didn’t occur.”
McClendon helped found Chesapeake Energy in 1989, and oversaw its rise to the country’s second-largest producer of natural gas — and an anchor of the Oklahoma City economy. He has been credited with helping to ignite the boom in U.S. production of shale gas through fracking and horizontal drilling …. http://www.msnbc.com
Source: http://luismmx.blogspot.com/2016/03/big-oil-ceo-killed-in-fiery-crash-less.html
