A maverick in the energy industry, died in a fiery single-car crash Wednesday, less than 24 hours after he was indicted by a federal grand jury for conspiring to rig bids for oil and natural gas leases.
Aubrey McLendon built Chesapeake Energy into the second largest shale company in the U.S. and was a major player in reducing America’s dependence on foreign oil.
The investigation into what happened in the crash will take two weeks the police said.
The agriculture giant Monsanto has cut its earnings and cash flow targets for 2016, citing concerns about the global economy.
The company, which does everything from producing seeds for farmers to developing pesticides, said numerous factors were affecting the business.
Those include foreign currencies and lower commodity prices.
Exxon is interested in acquisitions while oil prices are low, but CEO Rex Tillerson says sellers have unrealistic price expectations.
He said the Texas based oil giant is in financial position to pursue acquisitions or change its spending plans depending on what happens to the oil market.
The U.S. Energy Information Administration is projecting solar will be the country’s fastest-growing source of energy this year.
California is expected to produce half of the solar generated in 2016.
Solar still only makes up a small part of u-s energy, with coal and natural gas the largest.