The Scoop – National temperatures were above normal last week with an average of 61 degrees Fahrenheit, which was 4 degrees above normal, pricing flat once again.
Strategy Advice – The EIA raised its price projections for ’18. Consumption growth prediction is 1.8% higher than ’17 mostly due to a colder winter assumption. Also, rising LNG exports due to Cove Point Maryland facility & Cheniere’s Sabine Pass 4th train being fully operational. This year is the year to lock up long term. (See Chart Below) The US will become 3rd in the world by 2020 behind only Australia & Qatar.