Tuesday, October 21, 2008

Chesapeake Energy's Bad Karma

About the same time that Chesapeake Energy, despite loud protests, began to run over a neighborhood in East Fort Worth in order to bulldoze a large area of the Tandy Hills native prairie, the stock market's financial woes wiped out the CEO of Chesapeake Energy, Aubrey McClendon, who had unwisely been buying up huge amounts of his own company stock and then got burned when margin calls forced him to sell.

Chesapeake Energy is now in trouble. Not for any environmental misdeeds, Chesapeake's troubles come from the current collapse of natural gas prices. You mess with Mother Nature and you get Bad Karma I always say. Well, actually this is the first time I've said that, but I've thought it before.

Regarding Chesapeake Energy's destruction in the Tandy Hills zone and the running roughshod over the Tandy Hills Neighborhood, particularly Scott Avenue, it with long-posted "No Trucks" signs, is now being pummelled by Chesapeake trucks, which lead Don Young to send out an email this morning, with photos of what's going on on Scott Avenue and a bit of poetry under the title...

How to rape a neighborhood. Part TWO

Take a quiet, narrow neighborhood street zoned, Residential.

Mix in a melting pot of multi-ethnic, low income children and working people.

Throw in an irreplaceable, endangered native prairie filled with wildlife.

Add the largest producer of natural gas in the USA.

Threaten the residents with eminent domain lawsuits and a pipeline full of un-odorized natural gas.

Blend in a corrupt mayor, and a spineless city council and staff whose "hands are tied" and hand out drilling permits like Halloween candy.

Wait for the protests to subside.

Strike with all the force of a city ordinance written by the CEO's of Chesapeake, XTO, Devon and Quicksilver.

Don't worry.

People will get used to it.

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