CHK will never fly, till we can export LNG, another 2years, if then. Everybody thinks that fracking is the answer, it is, but by the time we are exporting, they will be fracking all over the world and the demand for our NG will drop. Look at latest 30 days news releases on CHK. Their direction now, unloading and stopping bunch of drilling rigs.
I agreed, American want to sell $2.00 cubic foot on the world market for $20. When that happens our consumer price will increase to that $20 also. Same reason Canada wants that pipeline to Texas Gulf Coast, not for the refinery capacity but to get their product to world market and America will longer be the only customer.