Crude Oil
Long Tailed Fish Swimming East
Markets adjust. There are perhaps few better examples of that adage than the crude oil and natural gas markets. One way of looking at how these two markets adjust is through the rotary rig count. Baker Hughes keeps track of the number of active drilling rigs in the US (and also internationally). Since July 1987,…
Read MoreCrude Oil and Natural Gas Move to Different Hemispheres
On December 16, 2011, we looked at the relationship between natural gas and crude oil prices (see “Crude Oil and Natural Gas Get a Divorce” here). We looked at how historically, on an energy equivalent basis ($/mmBtu), crude oil (West Texas Intermediate at Cushing, Oklahoma) traded at about a 50% premium to natural gas at…
Read MoreCrude Oil and Natural Gas Get a Divorce
As discussed previously on this blog, natural gas and electricity prices in the wholesale markets have declined precipitously (click here for more information). What is more obvious, certainly at the gasoline pump, is that crude oil prices, unlike natural gas prices, have been on an upward trend. The above graphs show (i) the monthly average…
Read MoreIs There a Shortage of Energy?
I was recently asked to review a draft of a book in which there was reference to “…rising energy demand, global climate change and limited energy supplies…” Are energy supplies limited? The short answer is “no.” There is no shortage of energy in the universe and energy supplies are not limited. This is more than…
Read MoreWelcome
Welcome to Avalon’s energy blog. Get the latest news and information in the energy sector from an expert in the industry. Our blog will discuss ways to save, new technologies and the latest in legislation for both commercial and residential.
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