Reuters ~ Fri Nov 28, 2014 11:16am EST ~ VIENNA

Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.

Ali al-Naimi won the argument at Thursday's meeting, against the wishes of ministers from OPEC's poorer members such as Venezuela, Iran and Algeria which had wanted to cut production to reverse a rapid fall in oil prices.

http://cen.acs.org/articles/92/i27/Silurias-Oxidative-Coupling-Nears-Reality.html?h=567597735

Feedstock savings could drive use of the process in regions where natural gas is cheaper than oil

瞎摸象: 豈不廢話 ? 關鍵是 如何 Compare ? Hint: Gas : Crude what is the Conversion ratio ? 1,000 cubic feet : 1 barrel 1:8 ?

Natural gas cost about http://money.cnn.com/data/commodities/