As chairman and CEO of Chesapeake Energy Corp, Aubrey McClendon has been a powerhouse in the vast U.S. natural gas market, directing the company's multibillion dollar energy-trading operation and setting output targets for America's second-largest producer.
Chesapeake Energy Corp will find an independent, non-executive chairman to replace current Chairman Aubrey McClendon, who will retain his position as chief executive of the natural gas producer, the company said on Tuesday.
The worst is over, for now. Gasoline prices are starting to fall.
Aubrey McClendon, the CEO of Chesapeake Energy Corp, has borrowed as much as $1.1 billion over the last three years against his stake in thousands of company wells - a move that analysts, academics and attorneys who reviewed loan documents say raises the potential for conflicts of interest.
For Americans unhappy about the runup in gas prices since December, summer may bring some relief at the pump, thanks to falling oil prices.
The U.S. natural gas market is bursting at the seams.
As gas prices reach record highs across many parts of the country, Americans have been blaming oil companies. But as much as they are disliked, the oil and gas industry is also an indispensable part of many states and an asset to their local economies. 24/7 Wall St.