Tuesday, April 22, 2008

Gas Price Headed to $12 - $14 /MMBTU

So says my favorite Okie - T. Boone Pickens.

Maybe high gas prices will drive Alaska and the North Slope Producers to get busy and start building the Alaska Gas Pipeline.

More on gas pricing by Wood Mackenzie.

Gas is still cheaper than oil. On a BTU basis gas at $21.87/MMBTU would be equal to $120/bbl oil.

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