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All About Energy

What do falling rig counts mean for your electricity bill?

JB Sowyrda Jul 11, 2016 8:43:12 AM
0

Forecasting energy prices is
always a tricky business, given the many variables at play. But sometimes a data point flashes like a neon sign that says: Watch what this means for your electricity bills.

 


Such is the case today with drilling ‘rig counts’ – the number of rigs used to actively explore for natural gas. This year, rig counts dropped to an all-time low in the United States, according to data collected since 1940.

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