Gregor Macdonald researches the energy sector.
From the .pdf available here.
When natural gas is trading at $4.00 and oil is trading at $92.00, the price discount offered by natural gas for an equivalent amount of btu is as much as 75%.
Yes, that’s right.
Instead of obtaining oil’s 5.8 million btu for $92, one can obtain 5.8 million btu in natural gas for $23.
The economic opportunity to perform the same amount of useful labor, at 50-75% off the oil price, is not a potentiality that any economist, analyst, or policy maker can afford to ignore.
BitTooth explains how LNG tankers currently supply 23 countries.