The North American natural gas supply glut is persistent and will eventually force the market to equilibrate the oil-to-gas price ratio from 45:1 back to its historical 6:1 ratio based on energy content, through engine switching and new demand discovery.
forecastpending
Speaker
DoombergEvidence Quote
“when we first wrote about it the ratio of the price of oil in barrels divided by the price of natural gas in million BTUs was 45 and on an energy content basis it should really be six”
Created: 8/10/2026, 4:34:54 PM
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