Potpourri -- Saturday Morning -- October 16, 2021

2021 MLB playoffs: link here.  

Even on Saturday, mid-morning: New Englanders are paying $60 / MWh. The rate should be "negative" or at least trending toward zero if the renewable story was working. Link here. 

But, holy mackerel: AOC's island went yellow. Link here. This is Saturday mid-morning! Rates should be trending toward $20, one could argue trending toward zero. At $50 it's outrageous, but at $70 on Long Island, it's inexplicable. Duollingo has not yet taught me the Spanish work for "outrageous" or "inexplicable," though I think the latter and Greta both come from the same root word. 

And no EV penetration.

Bitcoin: traded over $61,000 in overnight trading. 

CNP: not sure how I failed to post this. CNP raised its dividend from eighteen cents to seventeen cents. Record date: November 18, 2021; payable, December 9, 2021. 

CNP cut its dividend from 29 cents to 15 cents back in May, 2020, but since then has been announcing fairly frequent increases. Also, back in February, 2021, CNP exchanged its 53.7 percent ownership in Enable Midstream for 5.6% interest in Energy Transfer (ET) and $5 million in cash. 

This press release said it was an all-equity transaction: Energy Transfer will acquire Enable in an all-equity transaction valued at approximately $7.2 billion. Under the terms of the agreement, Enable common unitholders will receive 0.8595 ET common units for each Enable common unit.

Crude oil: assuming no "funny business" from the EIA adjustment next week, some expect a four million to six million bbl draw. Link here. 

Gasoline demand: I don't think I bothered to post the graph this week but for the record, gasoline demand crept up slightly week/week.

This WSJ writer is being played: did anyone see any proposals from the Biden administration following his "overture"? Link here to the WSJ.

Thank you, Bill Gates: the malaria vaccine. Link here to the WSJ. But is it really a vaccine?

Literature: women writers, contemporary, as in "living." Random link for a reason. 

PowerLine's week in pictures: link here.

Oksol's rule: without any special action (no lockdowns, no vaccinations), pandemics run their course in two years; with special action (global lockdowns; mandatory vaccinations), pandemics run their course in twenty-five months.