Largest U.S. Power Grid Declares Emergency Alert
Largest U.S. Power Grid Declares Emergency Alert | OilPrice.com
| WTI Crude •10 mins | 80.20 | +1.42 | +1.80% |
| Brent Crude •10 mins | 84.19 | +1.27 | +1.53% |
| Murban Crude •15 mins | 84.45 | -0.19 | -0.22% |
| Natural Gas •47 mins | 2.516 | -0.149 | -5.59% |
| Gasoline •13 mins | 2.939 | +0.031 | +1.08% |
| Louisiana Light •1 day | 81.51 | -0.70 | -0.85% |
Louisiana Light • 1 day 81.51 -0.70 -0.85% Bonny Light • 20 days 84.77 +0.58 +0.69% Opec Basket • 1 day 84.82 +0.18 +0.21% Mars US • 19 hours 79.63 -0.85 -1.06% Gasoline • 13 mins 2.939 +0.031 +1.08%
| Marine •20 days | 83.33 | -0.03 | -0.04% |
| Murban •20 days | 85.07 | -0.60 | -0.70% |
| Iran Heavy •20 days | 83.35 | +0.53 | +0.64% |
| Basra Light •604 days | 71.69 | -3.60 | -4.78% |
| Saharan Blend •20 days | 83.72 | +0.70 | +0.84% |
| Bonny Light •20 days | 84.77 | +0.58 | +0.69% |
Bonny Light • 20 days 84.77 +0.58 +0.69% Girassol • 20 days 86.07 +1.03 +1.21% Opec Basket • 1 day 84.82 +0.18 +0.21%
| Canadian Crude Index •57 days | 53.57 | -1.23 | -2.24% |
| Western Canadian Select •11 hours | 57.53 | -0.85 | -1.46% |
| Canadian Condensate •11 hours | 80.93 | -0.85 | -1.04% |
| Premium Synthetic •11 hours | 79.18 | -0.85 | -1.06% |
| Sweet Crude •11 hours | 76.33 | -0.85 | -1.10% |
| Peace Sour •11 hours | 73.03 | -0.85 | -1.15% |
Peace Sour • 11 hours 73.03 -0.85 -1.15% Light Sour Blend • 11 hours 74.33 -0.85 -1.13% Syncrude Sweet Premium • 11 hours 83.28 -0.85 -1.01% Central Alberta • 11 hours 72.63 -0.85 -1.16%
| Louisiana Light •1 day | 81.51 | -0.70 | -0.85% |
| Domestic Swt. @ Cushing •1 day | 76.11 | +0.00 | +0.00% |
| Giddings •1 day | 69.86 | +0.00 | +0.00% |
| ANS West Coast •2 days | 85.83 | +0.63 | +0.74% |
| West Texas Sour •1 day | 74.31 | +0.00 | +0.00% |
| Eagle Ford •1 day | 76.11 | +0.00 | +0.00% |
Eagle Ford • 1 day 76.11 +0.00 +0.00% Oklahoma Sweet • 1 day 75.25 -1.00 -1.31% Kansas Common • 1 day 69.00 -1.00 -1.43% Buena Vista • 2 days 83.83 +0.89 +1.07%
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A heat wave continues to blast the Midwest, Northeast, and South through the end of the work week, forcing the largest US grid operator to declare a level one emergency for Thursday as tens of millions of people crank up air conditioners to escape scorching temperatures as summer in the Northern Hemisphere peaks.
On Wednesday evening, PJM Interconnection LLC declared an Energy Emergency Alert Level 1 in 13 states that stretch from Illinois to New Jersey with over 65 million customers. PJM is concerned about maintaining adequate power reserves on Thursday as power demand is set to soar because of air conditioners. It expects demand to reach 153,286 megawatts as of 1700 ET and has about 186,000 megawatts of generating capacity.
The power mix of the grid shows natural gas, coal, and nuclear are doing most of the heavy lifting of 0600 ET. Power prices across the grid appear normal.
The surge in above-average temperatures for the Lower 48 is expected to peak on Friday and return to normal levels for this time of the year. According to Bloomberg data, 5-10-30-year average temperatures show the Northern Hemisphere summer has peaked.
By Zerohedge.com
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