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The last time natural gas was this inexpensive, oil cost about $20 a barrel.
In 2008, a barrel of oil cost $147, more than twice today's price.
The likely benefits are no surprise — less foreign oil, cost savings, job creation, decreased pollution.
But the energy agency's estimates were made when oil cost just $25 a barrel.
The upgrading and refining facilities required to turn tar to oil cost billions of dollars, but the technology is tried and tested.
A barrel of oil cost $55 at the time of his speech; less than three months later, the price had jumped by 20percentt.
Similar(30)
Imported oil costs $109 a barrel.
Oil costs hurt Amtrak, too.
A litre of cooking oil costs Z$20bn.
Imported oil costs were up 80.2percentt since June 1999.
Today, crude oil costs more than $35 a barrel.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com