Betting billions on liquefied natural gas

An estimated $30 billion a year is pouring into developing liquefied natural gas.

Despite concerns over the safety and the cost of importing it, analysts say the fuel will make up a larger and larger share of America’s energy mix and may help prevent seasonal natural gas price spikes.

Talbot says the growth rate for natural gas reserves for seven big publicly traded oil companies is running at about 4 percent, while the growth in their crude oil reserves is less than 1 percent.

CNN