The *NEW* Frank Coluccio Technology Forum Message Board

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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: Frank A. Coluccio who wrote (31869)	12/3/2009 6:31:08 PM
From: axial	Read Replies (2) of 46821

An energy answer in the shale below? 'The first time Chesapeake Energy tried to buy mineral rights from Diana Whitmore, a 74-year-old retired real estate broker in southern New York, it offered her $125 for every acre of land plus a 12 percent royalty on whatever natural gas it extracts. Nearly two years later, she's still holding out. Along with hundreds of other landowners, she has joined a coalition that is negotiating with nine oil and gas companies. The latest offers in the area are running as high as $5,500 an acre with 20 percent royalties... "If you're a property owner, it's amazing," he said. "Even some of the ones who are members of these organizations that are supposedly against it -- when it comes time to get a check on their property, suddenly they're all for getting the check."' washingtonpost.com ~~~ There it is: partial relief from lack of preparation on energy and immediate financial benefit, clean water be damned. Neighbor against neighbor: a global story in microcosm. Is there any doubt about the outcome? Jim

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