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The same dynamic is playing out in other tight oil plays, most notably in the Eagle Ford in southern Texas. The chemical energy in the gasoline is converted to heat energy, which provides pressure on the pistons. A utility that can get itself a big wind or solar farm at with a fixed rate low interest loan today can probably make out like a bandit when gas prices triple in a few years- ten to twenty at the most- by backing off on buying gas.

Pages: 168

Publisher: Edward Elgar Pub (October 31, 2012)

ISBN: 1781007284

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