August Energy Outlook - What Stops 40 Crude, 2 Gas? Deflation May Be Gaining Traction - Autocorrelation, elasticity and advancing technology are key forces working against energy prices, notably vs. the metals. Crude oil might need to do what's been normal since 2008 -- revert to 40 a barrel -- to curb rising supply surpluses. Natural gas appears priced for a second consecutive colder-than-normal-winter, despite global warming. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t07iqfgpwch3 {BI COMD} #crudeoil #naturalgas #energy @BBGIntelligence(Mike McGlone)