AECO has had some pretty cheap prices lately, not only due to the abundance of supply, but due to situations like wildfires and operational constraints with pipelines out west causing gas to back up in the area, or speculators anticipating these events. The situation is not over quite yet, just today there was news that the NOVA pipeline network will have a partial restriction of flows from July 18th to 27th.

This summer so far is on track to be the 3rd hottest on record. While this suggest an especially active hurricane season, know that ENSO conditions are currently neutral. If this holds, meteorologists say that it is the best chance for this upcoming winter to finally be a cooler one. In the nearer term, the rest of July is expected to be quite warm in the US, except out West.