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Thanks to this flood of shale gas, the oil-to-gas ratio has risen to almost 17 on average.
FORBES: Oil-to-Gas Ratio Says Oil Will Hit $200 A Barrel
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For long-term investors, the oil-to-gas ratio is indicative of a paradigm shift in the markets.
FORBES: Oil-to-Gas Ratio Says Oil Will Hit $200 A Barrel
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So from a financial perspective, the oil-to-gas ratio is very different than in terms of energy.
FORBES: Oil-to-Gas Ratio Says Oil Will Hit $200 A Barrel
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We do believe, though, that the current trend will continue for years to come, with the oil-to-natural-gas ratio ranging between 15 and 20.
FORBES: Oil-to-Gas Ratio Says Oil Will Hit $200 A Barrel
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It is significant, then, that Shell relies on gas for 48% of its fossil fuel production by energy value, while the corresponding ratio at other giant oil companies is between 37% and 41%.
FORBES: Magazine Article
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It is significant, then, that Shell relies on gas for 45% of its fossil fuel production by energy value, while the corresponding ratio at other giant oil companies is between 37% and 41%.
FORBES: Shell Shocked