Thursday, July 12, 2012

If peak oil has peaked, why the race for gas? Asians pumping billions into Canada gas, not even sure it will be allowed to pipe through BC

The Race for Energy Resources Just Got Hotter  |  Peak Oil News and Message Boards: "That level of demand from a part of the world fairly short on supply means high prices. LNG in Asia is currently worth between $17 and $18 per million British Thermal Units (MMBtu) – six to seven times the price of natural gas in North America."

'via Blog this'

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