Low-Price-Cure Paths? $40 Crude, $2 Natural Gas - A major driver for rising energy prices in 2026 may be a discounted nadir. It's a question of how deep this cycle will go and what bumps might be in the road. The 2025 WTI crude oil low at about $55 a barrel roughly matches the US break-even cost. Yet history shows sustained periods below breakevens are typically required to reverse supply excesses. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t8upibkijh90 {BI COMD} #crudeoil #naturalgas #energy @BBGIntelligence(Mike McGlone)