Flagging global demand is having a measurable effect on the price. But unless the price falls below $80/barrel, it isn’t likely to have a big effect on the U.S. energy industry, Robert Thummel, managing director at Tortoise Capital Advisors, said this morning on the MoneyBeat show. So long as prices are within a range between $80 and $100 a barrel, he said, the industry can continue profitable at its current pace. If the price were to fall under $80, he said, then producers would likely respond by cutting back on production. Copyright 2014 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For […]