The Top Ten RBN Energy Prognostications for 2015 – Year of the Goat
Time to sober up. Not from excessive New Year’s Eve reveling, but instead from the past five years of euphoria in the shale oil and gas markets. In the past two months crude oil prices have come crashing to earth, sucking down NGL prices in the process. And lately even natural gas has succumbed to the malaise, falling below $3/MMbtu this week. Price relationships are out the window, as are drilling budgets. Over the next few months, these markets will be going through some of the most dynamic changes in years, with unpredictable consequences. Unpredictable? Nah. No mere market turmoil can dissuade RBN from sticking out our collective necks to peer into the crystal ball for a third year in a row for 2015 – Year of the Goat. Really. We did not make that up.
