Solar Externality Leads To Temporary Coolling Trend -- The Market, Energy, And Political Page, T+24 -- November 30, 2018

One way to raise the price of oil: shut down the Trans-Alaska Pipeline. Of course, the greatest effect will be felt on the west coast where oil / gasoline prices are already much higher that those in the rest of the US. The pipeline is closed a precaution after a 7.0 magnitude earthquake. The pipeline moves an average of 500K bopd.

WTI after the pipeline shutdown announcement: drops 82 cents (1.6%); now trading at $50.63.

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How Many Times Have We Seen This Movie?

Wanting to know when funding runs out this time, I googled government funding runs out when -- this was the screenshot of the results, first page, first hits:

By the way, the answer: December 7, 2018, and other than Homeland Security not much else is affected. Clever how US Congress managed that.

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Externalities

And this is why the UN had to include this summary paragraph, the last paragraph in the IPCC Third Assessment Report, Chapter 14, Section 14.2.2.2:

“In sum, a strategy must recognize what is possible. In climate research and modelling, we should recognize that we are dealing with a coupled non-linear chaotic system, and therefore that the long-term prediction of future climate states is not possible.”

From earlier this year, a real externality, not an economic/man-made externality:

A huge "thank you" to a reader to introducing me to "externalities," a concept of which I was heretofore unfamiliar.