In this episode of the Energy Desk, hosts discuss the pre-Christmas market rally, notably for natural gas, despite warmer-than-expected weather forecasts. They discuss the recent increase in natural gas prices, comparing the current January 25 contract to earlier periods. Factors such as LNG infrastructure delays, additional supply from the Corpus Christi area, and global demand shifts are examined. The hosts touch on the DOE's LNG review, highlighting potential economic and environmental impacts and the effects on U.S. consumers. They also explore global crude oil demand, particularly in China, and the implications of shifting production and export strategies. Additionally, the podcast covers NERC's long-term reliability assessment, focusing on increasing U.S. demand driven by industrial growth and population migration. The episode concludes with discussions on market liquidity around the holidays and anticipations for early 2025.