These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy. The relationship between crude oil (WTI) and natural gas (Henry Hub) prices has long been an essential one. These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy. Especially over the past decade, oil and gas are being produced by the same companies. Even the oil majors like Shell and ExxonMobil are increasingly positioning themselves as gas giants. They realize, of course, that gas is the centerpiece strategy around the world to cut greenhouse gas emissions, backup wind and solar, and provide reliable and affordable energy. As for the fundamentals, where oil is found natural gas is also found, and vice versa. “Associated gas” comes along as basically a “free” byproduct of crude extraction, with “associated oil” coming along with gas. […]