Natural Gas Fill Rate Hits A Milestone -- December 31, 2014

Natural gas fill rate: -26.  A dynamic link.

This is a big week in the "natural gas fill rate" sage. When you get to the dynamic link above, scroll down to the graph. Do you see what I see? Huge story.

The "blue line" (this year's/current data) finally edges its way into the low end of the five-year historical grey area. You have to go all the way back to mid-2013 / late-2013 to see this happen.

The question: are we entering into a quarter or two (three to six months) of low energy prices, or are we about to enter a decade of low energy prices?

Before you answer that question: remember, a lot of deep-sea oil projects begun back in the early days of the Obama administration are now just beginning to come on line. Also, remember, WB seems to be rather bearish when it comes to major integrated oil companies, but very bullish on See's Candy.

Yes, supply and demand will tend to balance things out. But things are truly pointing to a decade of low energy prices. As Hillary would phrase it: it's a "re-set."

It's hard for me to believe that cheap energy won't have huge effects on the global economy.

Disclaimer: I have no background or experience in "natural gas fill rate." Except for one number on this page (-26) and that has not been verified -- it comes from the Obama administration, everything else on this page is my interpretation of the data. And my opinion. This is not an investment site. Do not make any investment, financial, or relationship decisions based on the natural gas fill rate and what I wrote above, or for that matter, whatever I write on all the other pages of the blog. Caveat emptor.