As a guy who watches it pretty closely, I'm not seeing a rise in fundamentals.Oil and Gas demand is, literally, in free fall. European demand is down as much as 40%. In the US, the theme is, summer doesn't exist. US Gasoline consumption is down 5% from a number that was the lowest gas usage in 14 years. Also, considering price, natural gas consumption is falling.
Also, YOY natural gas consumption for electric generation fell 17%!! That's a HUGE number. Also, electricity consumption is falling.
But China demand is going up exponentially. "No pipeline" Obama just approved a LNG terminal in Maryland and they are working on another one in Freeport, Texas. The natural gas bounty is going to America's creditors.
The money goes to China, European luxury good makers (Patek Phillipe, Rothschild Bordeaux, Catier...) Panama and Bermuda "insurance" companies. It works the same way in Argentina when they get an IMF cash infusion. Withing four years all the money shows up in offshore accounts, Japanese electronic manufactures, and Europena luxury good makers and the banksters get to put their fingers into managing the economy. Its about power for the ruling elite. .