I read an article by Statoil in a trade publication today (Hydrocarbon Engineering).Basically, their analyst believes that low nat gas price (<$5/1000scf) will persist in North America until 2023. At that point, North America will have sufficient export capacity and prices will rise more towards world benchmarks.Considering the time, environmental and community opposition, and regulatory burdens associated with building any kind of energy infrastructure, it will be a long time before the pipelines and terminals exist to export North American gas en masse.So, those of us waiting for the turnaround point where higher prices send our stocks skyward might be waiting for longer than it is worth it.sf
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