2014 has been officially designated as the warmest year on record and December 2014 was the warmest December on record as well. Increasing energy supplies have been offset by slower demand growth and weak winter demand for heating fuels. Inventories are building for many products and the cost of storage is increasing. Providing temporary relief to one product's storage problem has only resulted in the contango virus being spread to other commodities.
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Henry Hub Natural Gas Futures Curve Shape Histogram - Near a 2 Year Low at $(0.57)/mmbtu Contango
M2-M14 Henry Hub Natural Gas Futures Curve Shape – 2014 Trend
M2-M14 Henry Hub Natural Gas Futures Curve Shape – Recent Contango Trend
Ethane Futures Curve Shape Histogram - at a Slight Contango of $(0.01)/gal