February 2016, Vol. 243, No. 2

Features

In the News: Heating Oil Prices May Rise Slightly with Exports

An impending flood of U.S. shale gas into the global market stands to lower the price of the heating fuel in Asia by almost 5% while marginally raising costs to customers at home, a study commissioned by the U.S. Energy Department shows. Exports of 20 Bcf of U.S. gas by 2025 may cut prices in the Asia-Pacific market by 73 cents per million Btu while increasing U.S. prices by 15 cents, according to the study authored by Oxford Economics and the Center for Energy Studies at Rice University. Despite the climb in domestic prices, the shipments would be “marginally positive” for the U.S. economy because of bigger profits and more spending on production of the fuel, the report said. “As exports

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