The North American Shift from Natural Gas to Oil
With natural gas currently trading at a ten-year low, more and more companies are shifting their corporate strategies to liquid oil.
With natural gas currently trading at a ten-year low, more and more companies are shifting their corporate strategies to liquid oil.
Chief Economist David Rosenberg of Gluskin Sheff and Associates Inc. believes market fundamentals support oil at $85-$95 a barrel, a view shared by Richard D. Soultanian of NUS Consulting Group, commenting that “The market is pricing in a lot of risk and a lot of fear right now”.
The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
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