When looking at some of the key figures for oil and gas this week, we see that oil prices have hit the ceiling at $48, while the U.S. rig count keeps o on falling. (Click to enlarge) (Click to enlarge) Chart of the Week (Click to enlarge) • A decade ago Fed Chair Alan Greenspan warned of the financial pressure that would grow in the U.S. because of a shortage of natural gas and the resulting rise in imported gas. • But skyrocketing shale gas production caused the trajectory of imports to abruptly reverse course in 2007. Net imports continue to fall, hitting 2.6 billion cubic feet per day (Bcf/d) in 2015. That is roughly one-fifth of what the U.S. was importing ten years ago. • In the meantime, exports are growing, as demand from Mexico increased. Also, the first LNG export terminal came online this year. LNG is […]