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Commentary by Jim Emberger; Telegraph Journal, Daily Gleaner, Times Transcript | March 11, 202
In a recent commentary in the Telegraph Journal, the Fraser Institute’s Alex Whalen suggested that the recent merger of gas company Chesapeake Energy and SWN could be a sign that New Brunswick should reconsider its moratorium on shale gas. He touted its economic potential.
That same day Reuters’ news reported: “Chesapeake Energy announced plans to cut production by 30 per cent in 2024 in response to a market that is “clearly oversupplied”. Chesapeake, which will become the country’s largest gas supplier after its merger with Southwestern Energy, is following others, including Comstock, Antero and EQT, announcing cuts to drilling or production plans.”