Tuesday, December 23, 2008

End of cheap gas

Natural gas, not gasoline, which also is due for a price increase now that the election is over.

The era of cheap gas is coming to an end, Russia's Prime Minister Vladimir Putin has told ministers from the world's major gas-exporting countries.

Mr Putin said the cost of extracting gas was rising sharply, therefore "the era of cheap energy resources, of cheap gas, is of course coming to an end".
H/T Susie.

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