Natural Gas Price Rise Has Been Stunning But There Is Still More To Go

In our OMF today, we talked about being cautiously optimistic on oil going forward. The main takeaway was that with where refining margins are, consumers are already paying for $180/bbl oil.

In the natural gas world and in the US, in particular, we are very far away from “demand destruction”. On a boe equivalent, natural gas trading at ~$9/MMBtu is only…