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:

• clearly the big story of the day, link here.
• global alarm, Bloomberg, link here

OPEC:

• Russia production: link to Julianne Geiger.
• OPEC falters: link here.