Oil, natural gas
on January 12, 2015 in Oil No Comments
The narrowing spread between West Texas and Brent leads me to suspect US production is slowing:
Also seems natural gas prices should be going up as shale drilling slows? Less drilling means less natural gas byproduct means tighter supplies, no?
Slowing oil production just means more imports at the same price, but we don’t import nat gas, so slowing production means shortage?