“Answer: prices would dive, potentially to all the way to $0, because “the value of gas that cannot flow is essentially zero” note Wang and Zenker. They expect storage to top out at 4,150 bcf, which is essentially full, by the end of the injection season.” Wow.
“The Fed doesn’t expand the money supply by uniformly dropping cash from helicopters over the hapless masses. Rather, it directs capital transfers to the largest banks (whether by overpaying them for their financial assets or by lending to them on the cheap), minimizes their borrowing costs, and lowers their reserve requirements. All of these actions result in immediate handouts to the financial elite first, with the hope that they will subsequently unleash this fresh capital onto the unsuspecting markets, raising demand and prices wherever they do.”