Notes From All Over -- March 29, 2022

Temperature in Boston at noon? Freezing. 32°F. 

Link here to ISO NE.

• at noon, demand is down to an amazingly low 12,691 MW;
• unfortunately, the price of electricity is now climbing, after an earlier mid-morning reversal;
• electricity now at the sixth decile, trending toward $110 / MW. Later: moved from <$110 at noon to >$130 in Boston early afternoon;
  
• oil contribution has dropped from a max of 3% to only 1%, now 
• the interesting thing, coal is back on the chart, albeit barely
  

Oil stocks:

• lesson learned: priced right when penciling in $100-WTI

WTI: back to $102.80 after causing early morning heart attacks and strokes among perma-Perman bulls.

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Energy Transition is Dead

Link here. 

This happened faster than expected. 

Translation: Greater oil production is compatible with energy transition [if it means I'm more likely to keep my job after the mid-term elections.] 

EPA chief just saw this chart -- cost of batteries, link here: