Tuesday, May 10, 2022

The S**t Will Hit The Fan In July, 2022 -- May 10, 2022

Warnings are coming in from everywhere:

  • Texas: rolling blackouts in Austin, May 9, 2022, extreme heat overwhelms grid;
  • California: governor says California doesn't have enough electricity to keep the lights on;
  • OPEC comments on space capacity: it ain't there;
  • OPEC falters: production coming in under quotas;
  • Russian's energy minister Novak spinning his story: production stabilizing; let's see what happens six months from now;
  • US equity markets: plunges

Spare capacity:


OPEC:


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