Could a Natural Gas Cartel Emerge?
Source: Daily Green, Jim DiPeso (7/28/11)
"With oil, the results of global market reactions will soon show up at the corner gas station. Not so with natural gas."
The oil market is global, which is a root cause of the economic and geopolitical briar patches in which the oil-intense U.S. regularly finds itself. Bomb a pipeline in the Middle East, blow over an offshore rig in a hurricane, or run up fuel demand in China and the global market will react. The results will soon show up at the corner gas station.
Not so with natural gas, according to a MIT report examining prospects for natural gas. . .View full article