Wed April 25, 2012
Here is an interesting article on the implications of cheap, available natural gas. Note the graphs showing teh decline in foreign imports. As the author says, ex oil, what do we care about the mid East.
And this suggests there is a much better chance that deflation has yet to run its course. We have noted that the nat gas to crude oil ratio is at an extreme. These trends suggest the price of oil will be coming down.