September 16th 2019


East Coasters were lucky enough to get a full moon on Friday the 13th, which has not happened since October 13, 2000, and won’t happen again until August 13, 2049. That’s quite a ways off. A full moon in September is also called a harvest moon, meaning it’s the full moon nearest to September 23, the autumnal equinox. We know, we’re full of facts.

We’re also anxious to see what happens to oil prices, following the attack on Saudi Arabia’s Abqaiq processing facility, one of the most important pieces of oil infrastructure on the planet, impacting 5.7 million barrels a day of output, or roughly half their production. Stay tuned.

Now for this week’s jolt.

Heating Oil

  • Prompt-month heating oil futures decreased 1.18% for the week ending Friday, 9/13, as prices fell $0.0225 per gallon.
  • On the New York Mercantile Exchange, crude futures for delivery in October closed at $54.85 per barrel on Friday, 9/13, down 0.54% for the day, and down 2.95% for the week.

Why so crude? Crude oil prices fell last week but rose sharply on Monday, trading near $63 a barrel. Investors reacted bullishly to news out of Saudi Arabia that key oil production facilities in the country had been targeted in missile attacks. The attacks disrupted some 5.7 million barrels per day of supply and created further concerns that tensions would escalate in the Middle East. President Trump indicated that the U.S. was prepared to retaliate pending confirmation from Saudi Arabia that Iranian weapons were used in the strike. The Baker Hughes oil rig count fell again last week, going from 738 to 733 and indicating decreased domestic production.

Natural Gas

  • Prompt-month natural gas futures increased $0.118 for the week ending Friday, 9/13, to settle at $2.614/Dth.
  • Overall supply decreased by 0.1 Bcf from the previous week. Total demand increased by 0.7 Bcf.
  • Natural gas exports in June 2019 were 359,526 million cubic feet, compared with 261,995 million cubic feet in June 2018. This is a 37.23% increase.
  • Net injections into storage totaled 78 Bcf, compared with the 5 year average net injections of 73 Bcf and last year’s net injections of 68 Bcf during the same week.
  • Working gas stocks total 3,019 Bcf, coming in 77 Bcf less than the five-year average and 393 Bcf more than last year at this time.

Abundance! This year has been another challenging one for America’s natural gas producers. They’ve discovered so much low-cost gas that they’ve unleashed a torrent of new production in recent years, which has pushed down prices. While those lower prices have spurred new demand, output in the country continues to outpace consumption. – The Motley Fool


  • Average peak prices in NYC increased last week, rising $1.71 to $26.24 per MWh.
  • Average peak prices in New Jersey’s PSE&G increased, rising $2.81 to $24.61 per MWh.
  • Average peak prices in Central NY’s Zone C decreased, falling $0.45 to $19.26 per MWh.
  • Calendar 2020 prices in NYC decreased $0.12 per MWh, and PSE&G prices increased $0.43 per MWh.
  • Calendar 2020 prices in Zone C decreased $0.36 per MWh.

Static, Explained! A new model shows how rubbing two objects together creates static electricity, the answer to a mystery that has confounded scientists for more than 2,500 years. – Futurity


Did you know that if FAMGA vanished, “nearly all of your electronic devices would either stop working or would disappear, the internet would become nothing short of mass chaos, nearly all e-commerce activity would halt, and your undying thirst to watch cat videos would forever go unquenched.”

  • FAMGA’s current value is $4,012,420,000,000.
  • Apple has sold over 1.3 billion iPhones since launch (2007).
  • With its $102 billion in cash, Google could buy 1.2 million Tesla Model Xs.
  • 26.7% of the world’s population uses Facebook.
  • There are two Android devices for every 7.5 people on the planet.
  • 95 million people have Amazon Prime memberships in the US.
  • There are now over 155 million Office 365 business users.