20.11.2014 - Oil Price Drop Set to Spur Gas Price Rally, Perpetual CEO Says
Natural gas, which has dropped 38 percent in the past 10 years, is poised to gain as falling oil prices reduce production from wells that pump both fossil fuels, according to Perpetual Energy Inc. (PMT) “We needed to see oil prices roll over for gas to actually have its day or at least show some stronger pricing,” Sue Riddell Rose said in an interview at a FirstEnergy conference in Toronto. “The only growth basins that we’ve had in North America have actually been really where you’ve got liquids-rich gas and now with oil prices going down, prices of those commodities have really come off hard.”...................................Full Article: Source
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