The Market And Energy Page, Part 2, T+206 -- August 14, 2017

GEEE! Apparently Warren Buffett dumped his entire holdings of GE. Now it's time for him to dump Wells Fargo. Story here. GE is trading at a near-52-week low (August 15, 2017).

Eclipse keeping Portland weird. Platts is reporting:

Portland ULSD soared to its highest point in more than a year on weak local supply, a Midwest refinery disruption and the preternatural convergence of celestial bodies, market sources said Friday.

Market sources have tied the unusual ULSD demand in Portland to the 2017 solar eclipse. Oregon is in the path of the first total solar eclipse in 38 years to cross the continental US. Oregon officials estimate an influx of 1 million visitors to the state for several days surrounding the day of the eclipse, August 21. The Oregon office of Emergency Management has warned of "long lines for fuel."

Eclipse: the eclipse is going to be bigger than folks realize. One example: my son-in-law is flying the entire family to Atlanta, GA, from DFW. At Atlanta, they will rent an oversized SUV and take a 3-hour leisurely drive to Nashville to see the eclipse where it will be a "total" (100%) eclipse. Following the several hour event, they will return on a leisurely drive back to Atlanta, and then fly back to DFW.

Eclipse: the last such "US" eclipse was 38 years ago. I must have been about 29 years old. Thirty-eight years ago must have been around 1979. I was living and working in northern California.

Eclipse: from NASA --

The last total solar eclipse viewed from contiguous United States was on Feb. 26, 1979 whose path passed through the northwestern U.S. states of Washington, Oregon, Idaho, Montana, North Dakota, and Canadian provinces of Saskatchewan, Manitoba, Ontario and Quebec.

After the August 2017 total solar eclipse, the next annular solar eclipse that can be seen in the continental United States will be on October 14, 2023 which will be visible from Northern California to Florida. Following this, we will have a total solar eclipse on April 8, 2024 visible from Texas to Maine.

In 2024, I will be around 73 years old, only seven years from now.

*************************************

Until The Equinox

Equinoxe 4, Jean-Michel Jarre