NYISO: New Yorkers lashing out at ConEdison over soaring electricity bills.
Methinks New Yorkers are "lashing out" at the wrong folks. We've only been talking about this for years. Link to Leonard Hyman and William Tilles.
US crude oil / petroleum exports: new record high. Link here.
US crude oil demand hitting new records: link here.
US oil demand was 20.764 million bopd in December, 2021; represents a 9.4% y/y increase; (COVID effect); up 1.6% vs December, 2019; pre-Covid. So, we're hitting levels of demand greater than we saw pre-Covid, and this is highest December since 2006.
Crude oil closing prices:
- Brent: $100.99
- WTI: $95.73
- spread: $5.26
- just prior to the Ukraine incursion, the spread had narrowed to one dollar
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Musical Interlude
Emmylou Harris, Rodney Crowell, Roseanne Cash, and Albert Lee in session, 1983.
Wow, wow, wow. I just happened to run across these two videos, the first is two hours long and the second is one hour long. I have yet to get through both but they look like they are well worth exploring.
Apparently there are few videos of Albert Lee on YouTube; I don't know.
Part 1 of 2, posted November 14, 2020: https://www.youtube.com/watch?v=EFcq5FdAMr0&t=2390s.
Part 2 of 2, posted November 15, 2020: https://www.youtube.com/watch?v=nAh-vdzOy6Q.
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