A Volatile Day In The Energy Markets -- August 22, 2022

WTI: $90.67. Recovered after Saudi suggesting cutting back production to maintain prices above a floor.

Natural gas: $9.777. Simply a matter of time.

Note: now that I "understand" the Jones Act, I'm in favor of retaining it. There are plenty of workarounds.

News items:

• Javier Blas has been on vacation; returns:
  

• the Jones Act:

• more Jone Act:
  

• SPR release:

• actual release data:
  

• Saudi: we may have to raise prices to bring stability to the market. This reversed the 4% slide in crude oil today.
  

Investors:

• piss-poor planning;