Reginal Thomas
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Reginal Thomas in reginal thomas,

Chesapeake Fires Its Natural Gas Vehicle Team

Chesapeake Energy Corp. (NYSE:CHK) has fired all the members of its natural gas vehicle team in what is being called a "corporate reorganization". The seven person team was responsible for developing more markets for gas usage. They suppose to prove natural gas can be used for cars and even commissioned the famous Organ County Choppers team to build them a motorcycle that ran on natural gas. But with a new CEO who has his own vision for how the company should be run things are sure to shake up way more at the company, 2,000 jobs are expected to by lost in the whole "reconstructing".

To take this a step future I wonder what this all means for Chesapeake's involvement in fracking.