Welcome to the long-time making edition of Natural Gas Daily!

Natural gas producers have gone through a much tougher period than oil producers. First, natural gas prices fell from $7/MMBtu average in the pre-2008 era, then prices averaged $3.50+/MMBtu between 2010 and 2014, and now, recently, where prices averaged sub $2/MMBtu for the first 6 months of 2020.

So, is it hard to believe that no one thinks an incoming supply led deficit will be sustained?

But as we wrote in an article a month ago titled, “Natural Gas Market Deficit Over Winter May Exceed 5 Bcf/D This Coming Cold Season.” Irrespective of the weather outlook over the winter, the bear case still has natural gas storage falling to the 5-year average due to the incoming supply deficit.

And it’s easy to understand why this is the case. Consider the following chart illustration:

Source: EIA, HFI Research Estimate

As you can see above, excluding other demand variables like power burn, residential/commercial, and industrial, you can see that the structural increase in US natural gas exports via LNG and Mexico will increase ~2 Bcf/d y-o-y.

On the supply side, we will have decreased ~9 Bcf/d y-o-y by the end of 2020.

This mismatch in supply and demand is why we said that this winter’s supply deficit could be as large at ~5+ Bcf/d, which would essentially eliminate the importance of weather and skew the natural gas market to the upside. This is also another reason why you see the winter contracts trading so high even before winter starts and despite bloated storage.

Source: CME

What we have going in the natural gas market is a really long-time in the making. Natural gas is the most evident market of the stupendous outspending by US shale producers. There’s no OPEC+ to intervene, and

11-Year-Old Making Masks for Healthcare Workers Surprised With Money for New Sewing Machine

Holli Morgan was presented with a $1,200 check for a new sewing machine and YouTube channel

A young girl was gifted a sizeable check to purchase a new sewing machine and equipment after making 1,200 masks for health care workers fighting the coronavirus outbreak.

Holli Morgan, an 11-year-old girl from Stone Mountain, Georgia, has made hundreds of protective facial coverings for those on the pandemic’s frontlines, according to WGCL. She initially started with a goal of sewing 500 masks, but was motivated to surpass that mark once she reached it.

“I’m going to be honest, I was relieved because I thought — good we can stop,” Holli’s mother, April McMillian, told the news station of her daughter making her first 500 masks.

“She said, ‘No mommy, I’m going to make 1,200,’ ” McMillian recalled. “I’m like, ‘You wanna do what?’ “

Holli told WGCL that seeing how much her church helps those in need encouraged her to continue making the masks.

“Every time we pass by the church, we see somebody sitting asking for food or money,” Holli said.

RELATED: Where to Shop the Stylish Face Masks Celebrities Keep Wearing — Including Ariana Grande’s Disposable Option

PEOPLE Holli Morgan

With this latest round, Holli said she is focusing on giving them to the homeless and people who couldn’t otherwise afford them.

“It makes me feel good,” she said of her selfless work.

Holli’s ambition, of course, has left a powerful impression on those who know her.

“At a young age, she is aware that she can still make a difference for humanity,” Kerwin Lee, senior pastor at Berean Christian Church in Stone Mountain, told the station.

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Welcome to Personal Finance Insider, a bimonthly newsletter that connects you with the stories, strategies, and tips you need to be better with money.

PFI Newsletter Decision Making 4x3

Alyssa Powell/Business Insider

Here’s what: My hack for making simple money decisions

It took me years to admit I have decision paralysis.

That is to say, it can be really difficult for me to make even the simplest decisions in my personal life, from what to get for dinner to what soap scent to buy. I’ll often ask someone else to choose for me or just abandon the task at hand.

I used to tell myself I was being thoughtful or methodical, but it’s really just a self-imposed burden — especially when it comes to money. Somewhat miraculously, I’ve managed to hack my own decision-making system so my finances won’t suffer the same fate as my wardrobe (clothes shopping is my decision muscle’s worst enemy). The key is automation.

I make one initial decision — like how much to save and how often — and then I set the rest on autopilot. That means twice a month, every month, my 401(k) gets a little boost, as does my high-yield savings account. I don’t have to obsess over how much I should be saving or whether it’s the right time to invest, it’s just happening. And since that money is taken out of my pay first, deciding how much I should be spending monthly is a nonstarter. What’s left over after savings is my spending money, and a good chunk of that goes toward automatic subscriptions, bills, and memberships, again removing the need to continually weigh my options.

But I’ll admit my system has one potentially fatal flaw. Up until now, I’ve always checked in on these decisions ad hoc — Should I increase my 401(k) deferral

More coverage for virtual doctors’ visits. Expanded mental health benefits. Access to on-site health clinics.

a book on a table

© Shutterstock

As employees sign up for job-based coverage for 2021, they’ll find the coronavirus pandemic has changed some of the benefits that their companies are providing, experts said.


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And they’ll also see their premiums and out-of-pocket costs increase about 5%, which is more than wages and inflation have been rising, according to the Business Group on Health, which surveys large employers.

This bump comes on top of a 4% increase in premiums this year, according to the Kaiser Family Foundation’s annual employer health benefits survey. In 2020, the average annual premiums hit nearly $7,500 for single coverage and $21,500 for family coverage. Deductibles stayed roughly the same at about $1,650 for a single person.

One of the biggest changes for 2021 will be a growth in the number and types of virtual care options, said Steve Wojcik, the group’s vice president of public policy. Employers had long offered telehealth, but few of their staffers actually used it.

The pandemic changed all that. Utilization soared as Americans sought medical care from the safety of their homes.

Some 53% of large employers will offer more virtual care options next year, the group found. And they are extending the services to weight management, prenatal care and management of chronic diseases, including diabetes and cardiovascular disease.

Coronavirus, as well as the accompanying economic upheaval, has also greatly affected many Americans’ mental health. Companies plan to bolster their support and make employees more aware of the offerings available to them, said Mark Hope, senior director at Willis Towers Watson.

Some 45% of large employers are planning to work with their insurers to expand mental health provider networks, according to the Business Group on Health report.

Some 91%

Dow ended sharply lower Tuesday after President Donald Trump told his team to halt negotiations with Democrats on a fiscal stimulus package. Trump then reversed course in a tweet, sending Dow futures higher on Wednesday.

In the last episode of Mad Money, Jim Cramer asked if small businesses cab hold on until after the election? The airlines? Restaurants? With stimulus talks up in the air, Cramer looks at where we can turn to.

TheStreet’s Katherine Ross and Cramer discuss Google rebranding to G-suite, AMC reopening, and the accessibility of a potential coronavirus medicine.

Google Stock: Buy or Sell? 

Google  (GOOGL) – Get Report announced on Tuesday that the G Suite brand will be replaced by Google Workspace as the new name for its package of business tools. The rebranding comes in parallel with the Google features such as having a video chat display at the corner of a document-editing window.

Cramer said that Google stock is so far off from its high, it’s only up 10% for the year. No matter what they do seems like its snakebite. 

AMC Entertainment Stock: Buy or Sell?

AMC Entertainment  (AMC) – Get Report said Tuesday that it will keep most of its global theaters operating, and plans to increase openings in New York and California, ahead of key movie releases in the final months of the year.

The world’s biggest cinema chain said some 80% of its U.S. theaters remain open, with a higher percentage in Europe under its Oden Cinemas Group brand.

Cramer said maybe there is room for one theater and there may be a lot of people who feel that there is nothing to fear from COVID-19 if you can crush it, but if you can’t crush the virus then there is a fear.