10-31-17

U.S. A note this morning from our Mid-Atlantic energy analyst friend:   We have written a few notes in the past year about the new arenas for potential gas-on-gas competition in markets that previously were potentially underserved. This is a normal capitalist result of easy money, large resource volumes, and relatively free regulatory constraints. We have identified the period 2016 to about 2023 as the period of infrastructure for the natural gas markets. With so many moving parts involved in the production, transportation, and end use of the resource being undertaking simultaneously, it [...]