Shale Gas Won't Reignite U.S. Economy

Gregory Meyer Financial Times April 15, 2012

One million British thermal units is a lot of energy. It can warm the average American home for almost three winter days or get a car from New York to Baltimore.

This week, the price of a million Btus of natural gas tumbled below $2 for the first time in a decade. This astonishingly cheap energy price has important implications. But don’t expect gas to become rocket fuel for the US economy.