|
|
|
|
|
by tanzam75
4595 days ago
|
|
That's temporary. The United States has huge quantities of gas, and cannot export it. Thus, the price of natural gas remains depressed. Everybody else is using expensive gas, so the price doesn't drop. If enough LNG export terminals get built, that advantage goes away. Our prices will go up, and their prices will go down. The oil refining industry demonstrates how bad things get in a capital-intensive industry when both the inputs and outputs are fungible. They had flush times, too, in the mid-2000s. That was also temporary. |
|