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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Raymond Duray who wrote (24589)7/17/2003 6:41:36 PM
From: Tommaso  Read Replies (2) of 206084
 
Just doing BTU figures in my head 6 to 1 seems about right, but that does not take into account refining costs.

Also the therms per unit of gas varies.

So 8 to 1 may be a better yardstick.

On the other hand, you can't drive many vehicles on NG, so oil is more valuable apart from its simple BTU content.

I assume somebody has referenced the big article in the WSJ (front page today) on LNG.
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