Liquid Natural Gas to rescue us from Peak Oil

Still, it will be surprising if LNG imports do not ultimately lower American gas prices below $5 per mBtu from today’s over $6. LNG is usually profitable at $3.50 (BG, a British firm, says it is profitable at $2.50), so there is plenty of incentive to invest in capacity at today’s prices

The future’s a gas

Aug 26th 2004
From The Economist print edition

Bloomberg News

Why worry about high oil prices, when a boom in natural gas may be on the way?

EVEN as headlines scream about $50 a barrel oil, energy firms and their investors are becoming increasingly excited about its likeliest replacement: not wind nor wave nor solar power, but gas