The bottom line is this bill is likely to bring higher prices and no increase in energy supplies, which is the real problem.

The picture is not rosy that California will increase as an incremental supplier.

The people who trade crude as a commodity know all this. The traders who move the New York futures prices are nervous about Iran.

Energy, as usual, it's carrying on forward.

Large energy users are going to be saddled with a disproportionate share of the program costs. And we already pay the highest electric rates in the West.

You're seeing a modest extension of the gains of this week, with areas that saw some selling recently, like energy, sort of bouncing back.