Critics are burning the billionaire owner of the Dallas Cowboys for “winning the award” with his natural gas prices amid a record winter storm that left jeans shaking and dying without heat or electricity.
Cowboys owner Jerry Jones is the majority shareholder in Comstock Resources Inc., a publicly traded shale drill operating in Texas and Louisiana. Investors summoned it at a conference call on fuel prices that sparked rising demand in the southern frigid.
“This week is like winning the award with some of these incredible prices,” Roland Burns, president and chief financial officer of Comstock, said Wednesday in the call, Bloomberg reported. “Frankly, we were able to sell at super premium prices for a material amount of production.”
These festivities surprised many at least insensitive people.
Jones is “doing what he’s always done: trying to make money,” Sports Illustrated writer Michael Rosenberg murmured.
Jones was pleased to enjoy a $ 325 million taxpayer grant for the AT&T stadium that hosts his team, Rosenberg said. “Now you see how Jones treats jeans in times of need. We can call it a betrayal. “
“It is impossible to organize a fair transaction when one party participates for love and the other participates for money,” Rosenberg added. “If all the clothes suddenly disappeared from the state, Jones would start selling Cowboys sweatshirts for $ 1,000 each.”
Robert Reich, who was President Bill Clinton’s labor secretary, noted that “billionaires who take advantage of human suffering are a feature, not a mistake, of our manipulated system.”
Comstock had already increased production in anticipation of rising natural gas prices. It is now grabbing “super premium prices” up to $ 179 per thousand cubic feet. The same natural gas from last quarter was sold for one average $ 2.40 per thousand cubic feet, National Public Radio reported.
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