Again, The Weather Channel Hyped The Story In Atlanta -- January 29, 2019

Weather Channel says the weather did not turn out as badly as predicted for the southeast. But that doesn't mean that it's not gong to be really, really cold tomorrow. Also not nearly as much snow as they predicted for Maryland or Boston. But their marketing was great. They had me watching.

ISO New England: burning 3% coal. Spiking to $175/MWh.

Oil? Another build. Up another 2.098 million bbls. 2,098,000 bbls. I love the precision. 450 million bbls in storage and the API has the increase "accurate" to a thousand bbls (1,000 / 450 million = 0.000002222, or 0. 00002%. But note this: the whopping build of over 2 million bbls was way less than the forecast which was up to almost 8 million bbls. We'll see the EIA data tomorrow; EIA and API data often diverge widely, and not necessarily in a good way.

WTI: up 2.46%; up $1.28; trading at $53.27.

PG&E: