As of today, there are reports that oil price rises at $112 per barrel and will continue rising. Reasons for this escalating oil prices have been laid down. In fact, Oil investors have there own reasons why they are pressure to make oil price high. Because of the unstoppable rising oil price, studies are being conducted to shift on the use of natural gas. If this would materialize, natural gas might be used globally, as replacements of crude oil and other natural energy gas.
Consequently, the use of gas has been growing significantly faster than the use of oil, although not as fast as the use of coal, which is also reaching record proportions.
Gas has been the fuel of choice for investment in power generation over the past two decades in the developed world and in most emerging economies, also. Modern combined-cycle gas turbine plants are cheap and quick to build and create much less pollution than coal-fired electricity.
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