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To: upanddown who wrote (102364)	7/12/2011 1:43:36 PM
From: Biomaven	Read Replies (1) \| Respond to of 118717

We have discovered enormous quantities of NG reserves in the last ten years in this country but while the rest of the world is increasing NG vehicles at a 30% annual rate, we creep along doing virtually nothing. Actually CHK is trying to do something: Chesapeake Energy Corporation (NYSE: CHK) Unveils Bold Plan to Transform U.S. Transportation Fuels Market and Reduce OPEC Oil Imports POSTED Tue, 2011-07-12 07:14 \| POSTED BY newsroom In an effort to help break OPEC’s 38-year stranglehold on the U.S. economy and to lower energy costs to American consumers, enhance national security, stimulate economic growth, create hundreds of thousands of high-paying jobs and improve the environment, Chesapeake Energy Corporation (NYSE:CHK) unveiled its plan for an achievable, scalable and affordable pathway toward a transportation future that runs on America’s own abundant supplies of natural gas and oil from deep shale and other unconventional formations. Central to this private-sector initiative to stimulate world-class technological innovation and stronger economic growth is the creation of a $1.0 billion venture capital fund, Chesapeake NG Ventures Corporation (CNGV), dedicated to identifying and investing in companies and technologies that will replace the use of gasoline and diesel derived primarily from OPEC oil with domestic oil, natural gas and natural gas-to-liquids (GTL) fuels. Rest of story at: cdtv.net