“In mid-2008, in the United States, a gigajoule of gas was $13.38… Today, it's $2.93. Why? Because they had extensive shale gas discoveries across Texas, …”

The Rules of Investing · 5 shocking predictions for 2027 and beyond

Play from 33:13
33:13

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What was described

expanded shale-gas production across Texas, Louisiana and Pennsylvania, driving gas price down from $13.38 to $2.93 per gigajoule

$13.38 → $2.93 per gigajoule (2008 → today)

Said nearby on the same subject

“We capped the price of gas at $12 a gigajoule ... previously it was well over $60 a gigajoule.”
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Said on Australian Parliament: House of Representatives
Why it worked $12 per gigajoule (capped price), previously >$60 per gigajoule Share this moment
“‘Because the most expensive generating facility sets the power price, that’s usually a gas plant, so it keeps prices on the high side.’”
AT
Arnue Tan BNEF European Power Team
Switched On ·
Why it worked Share this moment
“‘When wind and solar have reached a saturation point, the next best thing is a gas plant… gas plants are affected by cost of gas and carbon, which leads prices up.’”
AT
Arnue Tan BNEF European Power Team
Switched On ·
Contrarian take Share this moment
“Half-price wings on Tuesday's deal is driving customers into stores, but chicken prices are at an all-time high. The more wings they sell at half price, the more money they lose.”
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Said on Business Wars

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