Transatlantic energy prices show need for realignment

Ruud WeijermarsAlboran Energy Strategy Consultants andDelft University of TechnologyDelft, NetherlandsThe gap between North American and European oil and gas prices has widened to historic levels. Because the divergence affects the competitiveness of each continent, convergence of oil and gas prices would help restore an even playing field. This article analyzes reasons for the oil and gas price dichotomy and gives recommendations for a strategic realignment of the two western energy markets.Unrest in Middle East and North African (MENA) producing countries pushed up oil and gas prices in Europe much faster than in the US as traders worried about tightening supply and rising demand. US pr...

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