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The Great Convergence: North American Natural Gas and the Looming Shift in Global Energy Economics

blog.gorozen.com · 1,914 words · saved by 1 readers

By clicking “Accept” below, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. You can find out more about this in our Cookie Policy and Privacy Policy. The article below is an excerpt from our Q3 2023 commentary. North American natural gas is the cheapest energy molecule on the planet by as much as 75%. Over the next twelve months, we believe this discount could close entirely, boosting US gas prices as much as four-fold. As we go to print, Henry Hub gas costs $3.00 per mcf while European and Asian gas is $14 and $16.50 respectively. One barrel of oil contains between six and eight mmbtu, so dividing oil by the midpoint of seven generates its energy-equivalent price of $10 per mcf. Today’s discount is nothing new; North American gas has traded 60-80% below world prices for nearly a decade with good reason. The shale gas revolution tilted the North American natural gas market in structural surplus. Sin

The Great Convergence: North American Natural Gas and the Looming Shift in Global Energy Economics The Great Convergence: North American Natural Gas and the Looming Shift in Global Energy Economics 01/19/2024 The article below is an excerpt from our Q3 2023 commentary. North American natural gas is the cheapest energy molecule on the planet by as much as 75%. Over the next twelve months, we believe this discount could close entirely, boosting US gas prices as much as four-fold. As we go to print, Henry Hub gas costs $3.00 per mcf while European and Asian gas is $14 and $16.50 respectively. One

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