Historically, oil prices have run at something around 6 to 1 versus natural gas prices, with the correlation reflecting their BTU equivalent.  So if oil prices were $30 then natural gas would be $5.  However in the past year there has been an increasing divergence of oil prices compared to natural gas prices. The current ratio is 11 to 1.  So is oil over priced? Or, is natural gas under priced?


See the graphs at www.oilandgasinvest.com