What energy crisis? And why doesn’t our electricity bill come down with the price of natural gas?
The BTU equivalent price of a barrel of crude oil relative to natural gas is now around $16.60 versus the $100 where crude oil trades today. That is one heck of an arb and will be the “Next Big Thing” if the discrepancy lasts. Nattie has to be a buy in here.
(click here if chart is not observable)