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GAIA Host Collective
Consider Russia, Qatar, Bolivia, Australia, Malaysia, PPNG, Egypt, Oman, Algeria, Libya, Angola, Nigeria, Indonesia, Saudi Arabia to name a few more.
About 115000 Btu’s per gallon of gasoline--octane varies ($2.33 Nymex wholesale).
1 mcf of natural gas = 1020000 BTU's ($6-7 Nymex wholesale).
It appears like natural gas is currently about 4-5 times cheaper than gasoline in the U.S. in terms of BTU's per dollar.
In Germany retail gasoline was 2-3 times more expensive than in the United States.
It seems fuel switching in NG producers might reduce some of the oil panic.
Correction NG might be more than twice as cheap as gasoline
Note this fits the Westexas export substitution model.
1st oil (already) 2nd gas (starting now) 3rd coal (soon).