Tag Archives: btu
T. Boone Pickens Bails on Natural Gas
In a recent interview with Marketplace, oil tycoon T. Boone Pickens made headlines when he labelled natural gas as a “disaster.” Pickens who has been a staunch advocate for increasing America’s energy independence and domestic production of energy, has been working tirelessly to boost America’s natural gas industry through the promotion of his energy strategy, [...]
The Great BTU Race
The world’s major central banks — including the Bank of Japan (BOJ), the European Central Bank (ECB), and the Federal Reserve — appear to have finally won a major battle in the deflationary war that broke out five years ago in 2007. While the ultimate victor is yet to be determined, it now seems likely [...]
Accounting for America’s Energy and GDP
There are complexities associated with the calculation of US energy expenditures against its GDP. The above chart only records domestic consumption of energy. But you see, the United States is a country that does not bear the full cost of the externalities associated with its total consumption of goods. This leads most economists to an [...]
Prices for A Million BTU by Source
The price differential for a million btu is blowing out once again, between Global oil and North American natural gas. The extraordinary discount has persisted for some years. But today, with West Texas Intermediate (WTIC) oil above $100 and Brent oil above $110, the spread has reached new highs. The energy content of natural gas [...]