Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk management, emerging market economic development, and market risk assessment. His… Of course, the parallel between the two had tacitly existed much earlier. It was usually calculated in “BTU equivalences,” meaning that the convenience of moving from gas to oil (or vice versa) was summarized by how much heat energy each could generate (measured in British Thermal Units – BTUs). That both energy resources happened to be drilled in essentially the same way and, even more so, tended to be found together only accentuated the equivalence. Given these factors, market prices often changed in lockstep. But over the past two decades, the traditional assumptions underlying this connection have been predicated on a factor that’s quickly going away… Which is why I now see oil and gas prices diverging. Here’s who the “winner” will be… Oil […]