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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: contangle who wrote (165038)3/5/2012 6:31:32 PM
From: KyrosL1 Recommendation  Read Replies (1) of 206169
 
re: oil at $ 106/bbl and NG at $ US 2.355/MMBtu

A cubic foot of NG has about 1MBtu. One thousand cu ft have 1MMBtu and are energy equivalent to 1/6 barrel of oil. So oil is (106/6)/2.355 = 7.5 times more expensive than NG on an energy equivalence basis.
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