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Patrick McGarry's picture
Senior Director PCI

Patrick recently joined PCI as a Senior Director in May, 2019. He owns over 32 years of experience in commodity trading and owns an extensive record working closely with energy market...

  • Member since 2004
  • 111 items added with 40,541 views
  • May 19, 2022
  • 234 views

At some point, we are going to need to take the foot off the neck of the U.S. oil and gas producers.

The lack of CapEx spending is the best indication our gas and oil futures have zero confidence the current administration will not levy punitive actions in the future.

The impact of doubling natural gas prices will have a mildly alarming impact not only to residential bills, but also to credit and collateral requirements in the wholesale energy trading markets.

It's pretty simple. Increased demand and reduced supply equals higher prices.

Patrick McGarry's picture
Thank Patrick for the Post!
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