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  • oil and gas are pretty different industries;
  • there's a good reason gas is priced against oil: it's a direct substitute for many uses ( a BTU is a BTU);
  • the oil & gas industry is so powerful that most companies are better rated than banks and can borrow cheaper than banks do. If they use the financial structures we propose, there must be a reason.

I'll be able to post soon that paper I wrote  explaining how gas infrastructure is financed, and why it's a lot more complex than most pundits and observers seem to realise. I hope you will read it.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Nov 29th, 2007 at 01:17:58 AM EST
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