James Hamilton looks at why oil and gas prices are rising even as production climbs: "It makes...

|By:, SA News Editor

James Hamilton looks at why oil and gas prices are rising even as production climbs: "It makes no economic sense to add gallons of ethane or propane to gallons of crude oil to try to summarize global oil supply. But growth of natural gas liquids has been a key factor in the reported increases in world oil supply... But if you’re waiting for it to lower the price you pay for gasoline at the pump, you may have to wait a while longer.”