America Has A Gigantic Energy Price Advantage Over Europe

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, March 21, 2013 America Has A Gigantic Energy Price Advantage Over Europe The unseasonably chilly weather in the eastern U.S. has sent natural gas prices on a tear. However, the U.S. natgas prices are nowhere near as high as prices in Europe. And it's all attributable to the American energy boom. "North America is experiencing an energy revolution thanks to the technological advances that are opening up vast supplies of shale gas," write the analysts at Societe Generale.  "The abundance of cheap, relatively clean energy is a positive supply shock that can increase production and reduce costs. The payoff for consumers, manufacturers and exporters should persist for years to come." SocGen uses U.K. natgas prices as a proxy for what Europe has to pay. It seems U.S. consumers of natgas have little to complain about. Read » Also On Money Game Today: 5 Smart Insights For Financial Advisors North America Can't Be A Net Energy Exporter Without Canada's Controversial Oil Sands Advertisement CHART OF THE DAY: The Gigantic Shadow Economy That's Making It So Hard To Bail Out Cyprus CHART OF THE DAY: The Most Outrageous Reason Why A Company Would Raise Its Dividend CHART OF THE DAY: The Famous Shiller PE Ratio Is Predicting Positive Returns Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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