April 13th 2020


One bright spot in all this: the Heroes Cheer. Every night, in cities around the world, healthcare workers and essential employees are being applauded as they go home, or change shifts. The debt of gratitude is real: from first responders to postal employees, transportation workers to grocery clerks, and far beyond.

We’ll be clapping hard for everyone tonight at 7pm EST, and all day every day. Take a look at the video below for a glimmer of hope and humanity in these trying times.

Now for this week’s Jolt.

Heating Oil

  • Prompt-month heating oil futures decreased P9.22% for the week ending Friday, 4/10, as prices fell $0.0988 per gallon.
  • On the New York Mercantile Exchange, crude futures for delivery in May closed at $22.75 per barrel on Friday, 4/10, down 13.50% for the day, and down 19.87% for the week.

Why So Crude? Crude oil prices fell last week but rose on Monday, trading around $23 a barrel. Prices were volatile last week as the OPEC+ alliance agreed to a 10 million-barrel-per-day output cut that would still only make up for a third of the demand estimated to have been lost in the coronavirus pandemic. The supply cut is scheduled to take place by June, with Russia and Saudi Arabia contributing more than half of the expected decrease in production. Though a step in the right direction, analysts said the demand loss was between 20 million and 30 million bpd. Further complicating matters was news that Mexico, a modest yet significant oil producer, opposed the supply cuts and was sticking to plans to boost their own production. The Baker Hughes oil rig count showed a sharp decrease in activity for the second straight week, going from 562 to 504 and indicating shrinking domestic production.

Natural Gas

  • Prompt-month natural gas futures increased $0.112 for the week ending Friday, 4/10, to settle at $1.733/Dth.
  • Overall supply decreased by 0.3 Bcf from the previous week. Total demand decreased by 6.2 Bcf.
  • Natural gas exports in January 2020 were 507,117 million cubic feet, compared with 364,787 million cubic feet in January 2019. This is a 39.02% increase.
  • Net injections into storage totaled 38 Bcf, compared with the 5 year average net injection of 6 Bcf and last year’s net injection of 25 Bcf during the same week.
  • Working gas stocks total 2,024 Bcf, coming in 324 Bcf more than the five-year average and 876 Bcf more than last year at this time.

Keep An Eye On It. Natural gas traders are going to be paying close attention to the response from natural gas traders this week now that OPEC+ has agreed to cut production by 9.7 million barrels until the end of June. – Yahoo Finance


  • Average peak prices in NYC decreased last week, falling $0.76 to $16.14 per MWh.
  • Average peak prices in Central NY’s Zone C decreased, falling $3.21 to $12.38 per MWh.
  • Average peak prices in New Jersey’s PSE&G decreased, falling $1.51 to $15.14 per MWh.
  • Average peak prices in New Jersey’s ACE decreased, falling $1.63 to $14.76 per MWh.
  • Average peak prices in Pennsylvania’s PPL decreased, falling $1.75 to $14.91 per MWh.
  • Average peak prices in Maryland’s BGE increased, rising $1.66 to $20.38 per MWh.
  • Calendar 2020 prices in NYC increased $1.20 per MWh, and Zone C prices increased $0.80 per MWh.
  • Calendar 2020 prices in PSE&G increased $0.80 per MWh, and ACE prices increased $0.71 per MWh.
  • Calendar 2020 prices in PPL increased $0.70 per MWh.

To Be Expected. New York has closed all nonessential businesses to battle the country’s worst outbreak of the coronavirus pandemic, and the resulting effects on electricity demand are becoming starkly apparent. – GTM


Apple And Google Teaming Up? Both tech giants are jointly working on a new smartphone-based integrated COVID-19 tracking system to be released as early as May. The new API could be crucial to opening the economy back up as soon as possible. – The Motley Fool

Positive Energy

❤️ Thank you for all of our readers who sent in positive stories! We love reading about positivity in our communities during this time. To submit your story, simply reply to this email.

“Since children celebrating birthdays aren’t able to have parties, a Facebook Events page has been set up for the community with lists of dates, times, and places to celebrate with a Birthday Parade for the child—simply driving by yelling Happy Birthday wishes! It’s heartwarming to see.”

Heroes Cheer: Check out the video below.