Big Oil sees energy bonanza ahead

DOHA, Qatar(CNNMoney) -- Just three years after fears of an energy supply shortage, executives of the world's leading oil companies now foresee a bonanza of oil and natural gas on the horizon.
In 2008, concern that a rapidly developing world was eating through all its energy supplies helped push prices to record levels, with oil hitting $147 a barrel and natural gas topping $15 per million cubic feet.

The relatively new ability to liquefy natural gas so it can be sent around the world on massive ships. Previously, natural gas had to be transported by pipeline, which made it hard to get it from places where it's abundant, such as here in Qatar, to consuming markets in Asia and elsewhere.

http://money.cnn.com/2011/12/06/news/economy/oil_gas_supply/index.htm?hpt=hp_t1