North American has become the marginal provider to global coal, oil, and natural gas markets. Recovering oil activity and completion of pipelines out of Appalachia are driving looser oil and gas markets. WTI and Henry Hub indexes are being used globally for contractual pricing and hedging as LNG exports are entering a well-supplied global gas market. How could OPEC production restraints and the anticipated global LNG liquefaction excess change interfuel dynamics? How does the interfuel rivalry play out in Europe? Can coal cover for the current tight North American gas market? Has the United States become the global swing supplier for fossil fuels? Is there an Asian demand path that avoids a global LNG glut? Will US oil activity and associated gas production recover in 2017?