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.