It’s virtually inevitable. We have a tremendous over supply of natural gas and the liquids produced at the same time; butane, propane, ethane, and pentane. It’s only a matter of time before we flood the market.
The other factor being ignored is we used to import 25% of the world’s oil. No more! The oil produced along with the natural gas is moving us towards energy independence. That 25% left in the market has to be a drag on pricing. You only have to look at Venezuela to get a preview of what’s going to happen to other countries that rely on oil and/or gas to play a major role in financing government operations.
We’re on a roll. If Obama gets out of the way, it will happen faster. Even with his obstructions it will happen, just slower.
In the future Putin will be Kaputin.
You underestimate the power of Socialism.