Fears over world economic recovery sent crude oil future prices sharply lower on June 22. The price fell a whopping $2.52 to sink to $67.50. Natural gas prices continue to hoover around the $4 level. On June 23, Natural gas for July delivery gained 1.1 cent to $3.94 per 1,000 cubic feet in early morning trading.

In other energy news:
Chesapeake Energy Corp. has laid off 50 employees from its corporate office in Oklahoma City. In the U. S., Chesapeake has about 8,300 employees. The stock price of the company fell off $1.59 to $19.36 on Monday, June 22. The recession rolls on this summer...