Oil and natural gas prices have continued to slide throughout 2015. An unseasonably warm start to the winter and elevated inventories have pushed natural gas prices to one of the lowest levels on record. Oil prices aren’t yet near their inflation adjusted low, but oil is now trading in the range that prevailed during much of the 1980s and 1990s. Low energy prices are nothing to cheer about if you are an oil or gas company or one of their employees, but lower gas, home heating, and electricity bills should, over time, help lift the consumer economy.
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Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.