GKM

Oil and Natural Gas Will Decouple - Big Time

As John L. says the drive for more oil sands production will have a substantial impact on the use of natural gas. I would be particularly wary of some oil producers that are building oil sands production that uses nat gas and that have not hedged their exposure to that key input. Oil sands production for those processes makes sense when the ratio is 9:1 but not nearly so much when it is 6:1 or less (6:1 being a long term historical average for the gas to oil ratio). There are a few companies working with less nat gas intensive technologies and those are the ones you should seek out.

Down the road, perhaps methods for methane hydrate harvesting will be workable to supplement dwindling nat gas reserves.