What Energy Crisis?

January 9, 2012 Global Macro Monitor

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.

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