It’s a Gas!

With the price of natural gas ($2.20/million BTUs) plumbing depths not seen in a decade, and the price of diesel fuel nearing an all-time high, Shell (and other large oil companies) are finally considering investing the necessary $10-$15 billion to build natural gas to diesel processing facilities in Louisiana. This potential investment shows that firms are starting to think about how to harness the vast natural gas discoveries made in the US.