- Natural gas has been your worst nightmare of a commodity since its peak at $14 in 2008, then riding on crude’s coattails in its infamous run to $149/barrel. Since then, natural gas has cratered 80%, and is down 37% from its 2011 top.
- Gas prices are now 15% of the cost of oil on an equivalent BTU basis.
- So why aren’t we all driving natural gas powered cars by now? You can blame the heavy hand of government regulation. Energy is one of the most heavily regulated industries in the country. To use even a fraction of the gas we are producing, massive deregulation of the transportation, distribution, and sale of natural gas is required.
Sigh. We are getting dragged into wars because of oil and here is this stuff and the government won't let us use it.
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