Crude Oil versus Natural Gas?
H There!
I just read an investment analysis which stated:
either natural gas is going up or oil is coming down.
The argument:
1. Historically, crude oil is 10X more expensive than natural gas.
2. Right now, crude oil is 17X more expensive than natural gas.
3. Oil contains 6X the btu energy of natural gas.
4. Given the physics involved, this 6X ratio never changes regardless
of market prices.
Therefore, either natural gas is going up or oil is coming down.
Or both!
What do you think? Is this analysis correct?
Many thanks in advance!
Ron
.
A little bit of both. But mainly I think oil is going down. Oil is a lot more speculative than natural gas. The demand for oil doesnt justify there current price and physical traders are playing the spot price off of the futures price.
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