It seems like energy producers are finally taking the steps needed to create a bottom in natural gas. I’d suspect we are close but maybe not quite there yet as demand still needs to pick up a bit more. The fact that oil prices are so high and natural gas prices are so low seems very unjustified to me. Inventory levels are not low for oil and demand has not been increasing at a significant rate. I believe that there is a lot of investment money in oil just as there is in gold which is artificially inflating prices. It is now clear that radical new technology is reshaping the energy markets. To think that crude oil is the only options to power the world is just a fallacy that needs to be rectified. With China and Europe weakening the premium paid for oil seems likely to diminish over the next few years.
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