Natural Gas Windfall Is One Of The Most Important Economic Developments In The Last 60 Years
On an energy-equivalent basis, natural gas remains 87% cheaper than oil, equivalent to a price of $14 per barrel. Martin Neil Baily, senior fellow in Economic Studies at the Brookings Institution, and Philip Verleger, president of PKVerleger and visiting fellow at the Peterson Institute for International Economics, emphasize in their recent CNN article that America [...]