Recent upstream developments in North America have shaken the Magic 8-Ball that is the global energy market, and everyone is scrambling for a view of what will come next. Center for Energy Studies senior director Kenneth Medlock and research associate Keily Miller discuss the finding from "The Geopolitics of Natural Gas" conference at the Baker Institute that regional price differentials across natural gas markets would compress over the next few years. The punch line, they write, is that market deepening and growth in gas market liquidity will be transformative, and almost ironically, will be prompted by the international price differentials that exist today due to a lack of physical liquidity.
Read "Are Global Natural Gas Markets in a Period of Transition? The Magic 8-Ball Says..." in the Feb. 27, 2014, edition of the Forbes magazine blog.