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Tuesday, December 12, 2017

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 --
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

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