While American and Saudi oilmen look warily at the prospect of an Iranian renaissance, plenty of others are all but banking on it. Europe, for example, has spent years trying to wean itself off reliance on Russian natural gas.
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Cheap Gas Is Killing Coal and Saving the Planet
[N]atural gas is beating coal in the race to the bottom of energy prices. Thanks to the U.S. shale boom and significant increases in LNG exports from countries like Qatar and Australia, natural gas is plentiful and, more importantly, cheap….enabl[ing] both China and India to move away from much dirtier coal.