Oil Markets are From Mars, Natural Gas Markets are from Venus

Our favorite government agency, the U.S. Energy Information Administration, published a blog post yesterday to outline the differences between the oil markets and natural gas markets and how each market responds to world events vis-à-vis pricing. EIA says crude oil markets respond quickly and often dramatically to world events, but natural gas markets have tended to be driven by regional factors and have been less connected to the international market. Oil markets are from Mars, natgas markets are from Venus.

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