For those that follow energy markets it is often easy to lose sight of the timescale off which the major companies in the sector make their decisions. We tend to follow the daily gyrations of oil and natural gas and base our decisions on those movements. Large, integrated, multi-national firms, on the other hand, have learned that most of the time those short-term moves are irrelevant, and base their decisions on their outlook for decades ahead. That means that while energy stocks of all kinds respond to short-term moves in the price of oil, drops…