Rising (oil-linked) gas prices – a message from shale gas

Rising (oil-linked) gas prices – a message from shale gas /William C. Ramsay. IFRI Edito Energie, 16 mars 2011

http://www.ifri.org/?page=detail-contribution&id=6484


One benefit that should flow soon from large new sources of shale gas that have been and will be unleashed into world markets – is the realization that gas prices linked to oil prices don’t make sense any more.  The counterintuitive announcements around Europe these days that gas prices to end users will have to go up – because gas prices are linked to oil prices through some outdated pricing concept – should bring gas consumers out onto European streets.  It means that every time another oil producer boils up in social turmoil because its population is fed up with the poor governance of its oil wealth and is out demonstrating on their streets – the price of oil goes up everywhere and so does the price of gas – if they are linked.  American gas prices don’t go up because oil does.  And in today’s market, LNG prices still only equate to $60 oil…



Citer ce billet
Danièle Revel (2011, 17 mars). Rising (oil-linked) gas prices – a message from shale gas. Veille énergie climat. Consulté le 18 avril 2024, à l’adresse https://doi.org/10.58079/o8sh

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