shrewd crude report valuation, page-36

spawk, that's a relevant graph. Just remember in the US NO ONE expected supply to explode the way it did. The only LNG terminals that got built within the last five years were IMPORT terminals. Everyone was caught by surprise at how quickly supply got completely beyond any projected demand.

I'm not saying that will happen here. It's just worth storing that away as a relevant data point. I'm personally thrilled if NWE gets anything close to $8 for any gas they produce. I don't know enough to feel comfortable imagining them getting a better price than that.