08-30-2016, 11:51 AM
Oil goes boom bust in a sinusoidal fashion
NG production in the US is falling. Oil and gas projects have been cancelled and non US non OPEC production decline is accelerating. It is clear to anyone watching that the US sets the price with a supply demand curve and PNG is about the only place that can produce for less. They sold out at the bottom.
NG production in the US is falling. Oil and gas projects have been cancelled and non US non OPEC production decline is accelerating. It is clear to anyone watching that the US sets the price with a supply demand curve and PNG is about the only place that can produce for less. They sold out at the bottom.

