Subtitle:
Natural gas can — and should — play a role in a shift to cleaner, lower-carbon energy sources, but there’s no free lunch with this energy source.
Natural gas has been in the news a lot recently.
On the economics side, we are seeing a fascinating divergence of petroleum and natural gas prices. For decades, oil and gas prices have tracked pretty closely — natural gas prices rising and falling as international political events boosted or depressed oil prices. Today, for the first time, as oil prices are surging, natural gas prices are still falling. In the last few weeks, natural gas prices have fallen to historic lows, compared with oil.
Read More...