This has profound implications for equilibrium gas prices, including the idea that gas should sell for some fixed proportion to oil based on the Btu value of the two fuels.

FORBES: Shale Gas Means Flat Prices Till 2020

At best, the Obama administration's approach to U.S. domestic oil and gas production can be characterized as a strategy of ambivalence, an uneasy equilibrium between desire to lessen the role of fossil fuels and the reality of their necessity in a functioning U.S. economy.

WSJ: Nansen G. Saleri: Our Man-Made Energy Crisis