. The wells are most likely mainly natural gas, as they are very deep. All estimates are in barrels of oil equivalent. Oil tends to form closer to the surface, gas deeper. Therefore the discovery is likely to impact natural gas markets, not oil, if the gas exists in meaningful quantities. . The wells are most likely mainly natural gas, as they are very deep. All estimates are in barrels of oil equivalent. Oil tends to form closer to the surface, gas deeper. Therefore the discovery is likely to impact natural gas markets, not oil, if the gas exists in meaningful quantities.
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Point of information:
Natural would affect the market of oil if it was used to power
cars:
http://www.greencarcongress.com/natural_gas/index.html
Best,
Mike B)
Read "Penguins in Bondage": http://happystiletto.blogspot.com/
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