Natural Gas Fill Rate -- January 15, 2015

Natural gas fill rate, a dynamic link: -236. The biggest drop this winter to date. All regions had a negative fill rate. What does a "-236" mean? At the link, scroll down to the graph: current fill rate is right at the middle of the historical average. This is quite incredible considering where the current rate was when the cold weather started.

I should have taken screen shots of the graphs on previous dates. The current fill rate was well below the five-year range when I started following this metric in mid-2014. Now, the EIA has "colored" in the five-year range, bringing that range all the way down to the current fill rate. One no longer can see just how great that gap was in mid- to late-2014.

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This Is A Very Important Day

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From Yahoo!Finance:

Stock futures on a roller coaster ride this morning because of something the Swiss did. Really. The Swiss National Bank (SNB) said they were abandoning the Franc -- Or "swissie" -- link to the euro. Analysts are still figuring out what this means on a global basis. The knee-jerk reaction was a 2% drop in U.S. stock futures before rebounding. If you think that's aggressive consider it in the context of a 30% spike in the price of a swissie.

I know nothing about global currency, but this suggests to me the Swiss think the Euro is either a) on the rocks; doomed; could fail; and/or, b) the euro, if it survives, it going to take a big, big hit with the problems in Greece.