The Rising Influence of Rising Affluence

[DewDiligence]

Natural gas's dashing of hopes for a recovery has become a cruel cliché at this point—and continuing increases in production despite low prices suggest 2014 will bring more of the same.

From an investment standpoint, one has to distinguish between North American NG prices and NG prices elsewhere in the world, including LNG. The two oil-and-gas-production stocks I own—HES and RDS-A—have a relatively small proportion of their overall boe/d tied to the Henry Hub benchmark price.