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Wholesale gasoline prices have jumped by more than 50% over the past ten months to their highest levels in more than three years as rising crude oil prices and increasing motor fuel demands boost prices. By far the largest cost component that goes into producing a gallon of gasoline is the input cost of crude […]
Connecticut is joining New York, Rhode Island, and Massachusetts in welcoming offshore wind projects to increase their renewable energy production. The Constitution Wind Project, one of many offshore wind projects proposed to the state, would supply power to 100,000 homes and help reduce the state’s reliance on natural gas for electricity generation. Eversource Energy and a […]
What happened? In October 2017, Vistra Energy announced that it would be retiring over 4,000 MW of generation capacity before the summer of 2018. The retirements represented ~5% of ERCOT’s total generation capacity and have significantly reduced the projected reserve margin for the summer 2018 planning period. In the latest Capacity, Demand, and Reserves report […]
Penalty charges for deviating from expected natural gas consumption come primarily from two sources with distinct and separate circumstances. The first way to incur additional charges is to use more (or less) than the contracted and nominated amount of natural gas, which is referred to as a swing tolerance penalty, or just “swing.” Swing charges […]
Equities and the Economy: • Stocks move higher on prospects of tax bill passing. • All three major indexes close at records. U.S. equities have been moving up or down the last few weeks following the prospects of the tax reform bill passing. On Thursday Senators Rubio and Corker had concerns about the bill and […]
Equities and the Economy: • Dow ends 5 session advance. • Equities moving on tax bill news. The Dow broke its 5 session, 4 record high advance yesterday closing down 77 points at 24,509. The S&P 500 fell 11 points, 0.41%, to 2,652 and posting its largest daily percentage drop since November 15th. Don’t panic […]
Equities and the Economy: • Dow closes at record high. • Fed raises interest rates. As almost universally expected, the Fed raised the overnight lending interest rate (Fed funds rate) a ¼% yesterday marking its 3rd rise in 2017 to 1.5%. The increase was baked into the markets and the equity action was choppy yesterday. […]
Equities and the Economy: • More records. • U.S. wholesale inflation near 6 year high. The Dow and S&P 500 closed at record highs for a 4th consecutive session yesterday. The Dow posted a healthy gain of 119 points, 0.5%, finishing at 24,505 and the S&P rose 4 points, 0.2%, ending at 2,664. The rotation […]
Equities and the Economy: • More record highs. • Busy week for central banks. Investors shrugged off the news of a terrorism incident in New York City and took both the Dow and S&P 500 to new record highs yesterday. The Dow rose 57 points to 24,386 and the S&P gained 8 points to 2,660. […]
Equities and the Economy: • Dow and S&P close at record high. • November jobs report strong. U.S. stocks closed higher on Friday with the Dow logging a hefty 118 point gain to 24,329 and the S&P 500 adding 15 points to 2,652. Both are new record highs. The Nasdaq rose 27 points to 6,841 […]
