The January gas futures contract is currently trading at $3.48, $0.06 higher than it settled yesterday. By comparison, the 12 month strip is trading at $3.69/MMBtu and this year's winter strip (Jan 12 - Mar 12) is trading at $3.51/MMBtu.

Exxon Declares Natural Gas King

According to projections from Exxon Mobil Corp., natural gas is expected to replace coal as the leading fuel for generating electricity in the United States by 2025.

Natural Gas is also expected to become the world's number two overall fuel source by 2025.

"Enough is Enough"

Dimock, Pennsylvania has been the center of the fracking debate for quite some time. Now, many residents are standing up against the controversy that has engulfed their small town.

"We are proud to live in Dimock. While the anti-gas minority has torn apart our community, tarnishing its reputation and beauty, and making our home sound like a wasteland, we know what is true. Our water is clean and our community is ready to get back on its feet, back to the facts, and back to production. As tests from the Pennsylvania Department of Environmental Protection have shown time and again, which was confirmed again last week, our water is safe."

Storage

Working gas in storage was 3,831 Bcf as of Friday, December 2, 2011, according to EIA estimates. This represents another net decline of 20 Bcf from the previous week. Stocks are still 102 Bcf higher than last year at this time and 307 Bcf above the 5-year average of 3,524 Bcf.

Weather

Many parts of Western New York and Northwestern Pennsylvania are expected to receive 2-4" of lake effect snow over the next 48 hours.

 Temperatures are expected to remain relatively moderate over the next week, considering the time of year. There are no severe weather advisories at this time.