“Show me the incentive and I’ll show you the outcome.” ~ Charlie Munger

The energy community has been so focused on the conflict in the Strait of Hormuz that everyone is missing a bigger theme unfolding: the end of non-OPEC supply growth.

Please see the previous game plan articles:

Natural gas prices have been obliterated over the past week, as early November forecasts point to one of the warmest starts on record.