A recovering economy helped U.S. chief executive officers weather crude’s surge past the $100 mark. At $110 a barrel, the pain would start to kick in. As oil traded at 29-month highs last week on concern that violence in Libya would further crimp Middle Eastern supplies, CEOs said they were waiting to see how much the price rises, and for how long.
Natural gas, the first-cousin to crude oil, is a combustible, gaseous fossil fuel often found in underground reservoirs and comprised of methane and other hydrocarbon compounds. It rarely attracts as much interest or headlines as petroleum, but in the last year or so, many have predicted that a new natural gas era may be dawning.
Heating oil vs Natural Gas…. Not the most top of mind issue going on these days as the news is more likely to produce a segment on the latest Charlie Sheen Twitter rant (BTW shameless plug, follow us on twitter at www.twitter.com/citypowerandgas or find us on Facebook) .
8:17 AM
City Power and Gas
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