Phil Flynn first walked onto the floor of the Chicago Board of Trade in the late 1970s to take a summer job as a runner. In the three decades since, he’s become a well-known energy commodities trader, often on the leading-edge of what’s happening with crude oil, gasoline, and natural gas. He recently spoke with reporter Erin Ailworth in Chicago about energy prices, the growing importance of natural gas, and how the financial crisis changed energy trading.
On the hot seat
Comments
It's rather amusing to read Mr. Flynn pejoratively postulating on the necessity of subsidizing clean energy for the next 50-100 years while concomitantly omitting the fact that the federal government has been doing just that for big oil for decades.
For those nieve to believe Fracking is the solution. i urge you to watch the movie "Gasland" Enough said.
Opposing fracking is simply a green tactic to justify billions of dollars of federal subsidies for wind and solar power. Renewable energy has a place in our energy mix but so does domestic natural gas produced with the fracking technology. Concerns about water contamination from fracking have been highly inflated and little real evidence has been offered. If there are environmental risks associated with fracking, the proper response is rational regulation, not prohibition, of a drilling technology that will create lots of jobs, improve our balance of payments and allow us to close down sulfur and CO2 belching coal-fired electric plants.
No thanks. I prefer clean drinking water.
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