Shale gas drives oil / gas spread to a new record
(Cleantechblog) On January 13, 1994 the ratio(*) of the price of oil to the price of natural gas was 1.14.  Today it hit a record high over this period of 5.26.  Gas traded at $3.28 today, just 21% of the $15.38 / mmBtu it traded for on December 13, 2005. Â
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updated 10497 (Cleantech blog), inserted 11, updated 0, at 2012-05-30 10:08:28