Article
Largest US Power Grid On Verge Of Cracking Due To Historic Heat Dome
Largest US Power Grid On Verge Of Cracking Due To Historic Heat Dome
Summary:
PJM Grid Mix Now Dominated By NatGas, Nuclear, Coal
Washington, DC Temps Expected To Push Into Low Triple Digits
PJM Warns Power Demand Could Test 2006 Record High
PJM Declares Emergency To Reduce Blackout Risk
PJM Grid May Test 2006 RecordĀ
Cooling demand across PJM Interconnection's operating area will surge today and into late week as tens of millions of households and businesses crank up air conditioners to stay cool under the emerging heat dome.
The spike in power demand is...
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šTechnical BackdropĀ ā Coiling Below The Record
Here is where the quiet-index story gets interesting for traders. The S&P 500 closed the week at 7,457.69, and that put it right on top of its 50-day moving average near 7,464. Call it dead flat against the line. The index still sits about 6.8% above its rising 200-day average near 6,985, so the primary uptrend remains fully intact, and it is roughly 2% below the June...
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California Ex-Police Official Tops State Payroll With $1.2 Million Payday
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Iran Announces Fuel Rationing As Brent Tops War Highs, After Trump Rejects Tehran's Latest Offer
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Summary
Brent crude briefly reaches $119/barrel -Ā Iran war high.
CENTCOM reportedly preparing forĀ "short wave of strikes" on Iran in order to potentially break the Hormuz impasse & force Tehran back to the negotiating table. Trump rejects Iran proposal as it won't give up nuclear program.
Trump recently met this week with oil and gas executives at the White House to address energy fallout, and as oil pushes higher: Axios.
Trump warns Iran to "get their act together" and to...
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