Monday, April 20, 2009

From Russia, To Mexico, To California...

Tree Hugger had a post last week in which it mused about the "Pickens Plan" becoming the "Putin Plan." Appropriately titled, "From Russia, With LNG," it notes that Gazprom is set to begin exporting LNG to Shell's LNG facility in Mexico, whence it will be pumped into Southern California.

This seems like a "win-win," as it gives California access to LNG and maintains an unobstructed view for Malibu celebrities.

Meanwhile, the Wall Street Journal today notes that "natural-gas prices have drifted to levels last seen in 2002."