I'm watching the City of Austin press conference:

Judge Andy Brown says today's ice storm made roads incredibly dangerous, so please stay home if possible.

.@austinenergy : we are starting to get more power and are prioritizing turning on the power for people who have been without power the longest. if we can sustain this level, we can do true rotating blackouts
.@austinenergy : we have crews out in the community trying to fix things, but they are having people screaming at them and throwing things at them. Jacquie Sargent asks that people let them do their jobs and not harass them.
.@AustinWater : we ask that you DO NOT drip your faucets, stop using laundry machines, dishwashers, and if you know how to take care of a burst pipe please do.
City Manager Spencer Cronk: We know this is frustrating and I'm sorry this is happening. We have shelters open.

(Here is a list of the various shelters, some are for warming, some are for staying the night

https://t.co/wOKkumvdok)
.@MayorAdler : I know people are scared, frustrated and confused. 5 mill people in TX without power is a huge failure of the grid and the management of power in the state. We weren't ready for a sustained storm like this, but we need to be
@MayorAdler .@MayorAdler : we might not get power back on until things thaw, which isn't until Friday.

Today we need to talk about water. We are using 300 million gallons on water, which is more than we've ever seen. We need to not use major appliances and not run water.
@MayorAdler .@MayorAdler : we know we told you to drip faucets, and that was the right advice before today. Now, we are asking you to shift gears and conserve water.

We are also calling for volunteers. The city's website has a form you can fill out if you are able to help
@MayorAdler .@MayorAdler : if you have power, act like you don't. if you got power back on, don't count on it staying long term.
@MayorAdler Q AND TIME. now we get to the good stuff
@MayorAdler Q: Why were other power companies in central TX able to do rotating blackouts and Austin Energy couldn't?

A: Austin has more areas that include hospitals and critical areas, that needed power to stay on. We maxed out and had no ability to rotate because nobody could be cut
@MayorAdler Q: what can Austin Energy customers expect in terms of their upcoming bill?

A: I can't give you what the impact is right now because we buy energy from @ERCOT_ISO. But there will be impacts.
@MayorAdler @ERCOT_ISO Q: why can't shutdowns be more granular, like block by block?

A: we have to shut off large blocks of power and can't shut off meters one by one. We don't have technology to do that.
@MayorAdler @ERCOT_ISO .@AustinWater : we are having water main breaks. it's hard to see them because of the snow and the ice is preventing us from traveling as fast as we need.

One main break was in Circle C, which is why SW Austin is struggling with water today.
@MayorAdler @ERCOT_ISO @AustinWater How to boil water without electricity:

@AustinWater : If you have gas you can boil that way. But if you have an electric stove, you'll need bottled water or other liquids to do this.
That's all folks.

More from Government

🧵⬇️1. Fb is LifeLog, LifeLog is Darpa, and DARPA is a Enterprise Run by CIA... Well... Past President... Big Tech, Big Pharma, MSM, HOLLYWOOD, DC...

Past Presidents....Zuckerberg, Gates...
All C_A... the Family business.... The company...


2. Past Presidents....Zuckerberg, Gates...
All C_A... the Family business.... The company...The Farm.... all C_A assets... most of them related by blood, business, or marriage...


3. "The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists. The American mind simply has not come to a realization of the evil which has been introduced into our midst." - J. Edgar Hoover


4. diff. names & faces.... Monsters that lurk in the Shadows. Swamp, Deep State, Establishment, Globalist Elite Cabal...

Shall we go back...How far back...


5. I know these monsters... it's when I try to explain them to others is when I run into a problem.This is why I'm better at retweeting and compiling. I never know where to start... Everytime I try to thread, i end up w/ a messy monstrous web.I'm better at helping others thread.
Typically excellent piece from @dsquareddigest The exponential insight is especially neat. Think of it a little like fishing...today you can’t export oysters to the EU (because you simply aren’t allowed to), tomorrow you don’t have a fish exporting business (to the EU).


The extremely small minority of people who known anything about this who think that Brexit will be good for the City make a number of arguments which I shall address in turn...

1. They need us more than we need them. This is a variant of the German carmakers argument. And we know how that went...Business will follow the profit opportunity and if that has moved then so will the business...

And what do we mean by us / we. We’re not talking about massed ranks of Euro investing / trading etc blue blooded British institutions.

Au contraire. We’re talking about the London based subs of US, Asian and indeed European capital markets players...As soon as they think the profit opportunity has moved then so will they...it’s a market innit...

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.