U.S. consumers saved substantially on their heating bills this winter, as the country enjoyed its warmest winter ever.
But with the first day of spring just a few days away, not everyone is rejoicing.
“If you’re a consumer, it’s great. But if you’re the guy responsible for producing the stuff, it’s not. This is a rough time,” said Porter Bennett, a longtime analyst of U.S. energy markets.
In fact, Bennett’s firm, Ponderosa Energy, just put out a report whose title sums up the situation confronting oil and gas producers: “Winter of Discontent”. (Read more)
