debir Wrote:
Dec 01, 2012 7:12 AM
price of natural gas in the US is roughly 75% cheaper than the intl price. Such a dramatic difference in price in the same commodity, energy, won't exist for long. Likewise, the huge discrepancy between the price of energy in the form of natural gas compared to energy in the form of oil won't last for long either. 2 things are happening, which'll cause prices for energy to equalize. 1st traders will find ways to export US natural gas, moving supplies into foreign countries where the price is higher. 2ndly, domestic consumers of energy will shift from using expensive sources, like diesel, coal, to vastly cheaper sources, like natural gas. That's exactly what's happening right now with the US's biggest energy consumers. They're making the