When we spoke with T. Boone Pickens in October 2010, he was lobbying Congress to enact a plan to convert the nation's over-the-road trucks to natural gas and thereby lessen the nation's dependence on foreign oil. Prices were around $4.00 mmbtu then. The March 2012 contract settled at $2.425 and still no action. Mark Fisher, our February 2011 feature, says eventually the U.S. will have to wake up and use the natural resources it already has available. Here, we look at the top 10 natural gas producing countries and compare that to their consumption rates and proven reserves. Source is the CIA Factbook.
About the Author
Web Editor/Assistant Editor Michael McFarlin joined Futures in 2010, after graduating summa cum laude from Trinity International University, where he majored in English/Communication. With the launch of the new web platform, Michael serves as web editor for the site and will continue to work on the magazine, where he focuses on the Markets and Trading 101 features. He also served as a member of the Wisconsin National Guard from 2007 to 2010. mmcfarlin@futuresmag.com