The Energy And Market Page, Part 2, T+325 -- December 12, 2017

This burr must have really gotten under Richard Zeits' saddle -- see below.

Richard Zeits: EIA bashers should check their own numbers. Archived here if link breaks. Summary --

• empirical data does not support multiple recent allegations that the EIA's reporting or forecasts are "wrong"
• the wave of frivolous accusations against the EIA in the blogosphere preys on the least protected category of investors
• a competent, independent, bias-free EIA must be safeguarded

Drawdown of US crude oil inventories: API data -- huge drawdown --

• forecast: a drawdown of 4 million bbls
• actual: a drawdown of 7.382 million bbls
• EIA data will be out tomorrow

Spot electricity elsewhere:

• Australia:
• South Australia: is projected to spike to $600/MWh later today
• Victoria: is projected to spike to $600/MWh later today 
• New England: spiked to $150/MWh earlier today