Petroleum economist: Crude prices may mirror gas price woes

摘要

Current price levels for West Texas Intermediate (WTI) crude may be mirroring the decline curve that natural gas markets have been experiencing for the past five years. 'It's a realistic question to ask: Will crude prices post-2014 largely mirror gas markets post-2008?' Karr Ingham, petroleum economist with the Texas Alliance of Energy Producers, posed this question in the fall at Hart Energy's first Midstream Texas conference. 'Have we set ourselves up and been the victim of the industry's success that we can meet current demand without too much difficulty and a ramp-up in activity?'