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• Deepwater Production Set to Reach Astronomical Heights by 2030
  Global deepwater oil and gas production is expected to increase...
  Global deepwater oil and gas production is expected to increase by 60% between 2022 and 2030, according to new projections by Wood Mackenzie.  Deepwater is the fastest-growing area of upstream oil and gas, according to the consultancy firm known as WoodMac.
  
  “We are seeing growth in production in Brazil, Guyana, potentially Suriname and Namibia,” Marcelo de Assis, director of upstream research for Wood Mackenzie, told Hart Energy. “Only a few companies have resources and knowledge for developments this huge and only a few countries have the combined conditions of the right reserves and well productivity to justify it.”
  
  At year-end, WoodMac expects deepwater production to hit 10.4 million boe/d, up from 300,000 boe/d in 1990. By 2030, that figure is forecast to reach 17 million boe/d.
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• ☕️What Else is Brewing This Thursday Morning
  The EU warned Elon Musk yesterday that Twitter could be banned in Europe unless it follows the ...
  The EU warned Elon Musk yesterday that Twitter could be banned in Europe unless it follows the strict content moderation rules imposed by a new law.
  
  A new wave of layoffs began yesterday, with DoorDash cutting 1,250 corporate workers, CNN starting to trim its staff, and crypto exchange Kraken shedding 1,100 employees.
  
  Amazon said it had its biggest holiday shopping weekend ever from Thanksgiving through Cyber Monday. Independent sellers on the platform racked up more than $1 billion in sales.
  
  Christine McVie, the singer-songwriter behind many Fleetwood Mac hits, died yesterday at 79.
  
  
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• Government averts rail strike; mandates unions accept a tentative agreement
  With a potentially economically devastating nationwide rail strike looming in early December, the US...
  With a potentially economically devastating nationwide rail strike looming in early December, the US House yesterday passed a resolution that would force rail worker unions to accept a tentative agreement with management and make any strikes illegal.
  
  In a 290–137 bipartisan vote, the House approved the resolution just a day after President Biden urged congressional leaders to avert a strike. A second resolution that passed with support from just three Republicans would grant rail workers seven days of paid sick leave (a major sticking point in the negotiations).
  
  The vote marks the first time Congress has flexed its power to block a national rail strike since the 1990s. Back then, President Biden was one of six senators to oppose the bill that ended a 1992 rail strike, arguing against government interference in labor.
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• November Stock Market Summary
  November is in the books, and…the stock market isn’t a total disaster anymore? Stocks...
  November is in the books, and…the stock market isn’t a total disaster anymore? Stocks ended up higher for the second straight month, the first time they’ve gone back-to-back in the green since 2021. Yesterday’s rally was fueled by Jerome Powell, who made it clear he’s willing to start slowing down rate hikes as soon as the next Fed meeting. Meanwhile, Biogen got a boost from the news that its experimental Alzheimer's drug slowed cognitive decline.
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• Fusion power is 'approaching' reality thanks to a magnetic field breakthrough
  Fusion power may be a more realistic prospect than you think. As Motherboard reports, researchers at the Energy Department's Lawrence Livermore National Laboratory have discovered that a new magnetic field setup more than tripled the energy output of the fusion reaction hotspot in experiments, "approaching" the level required for self-sustaining ignition in plasmas. The field was particularly effective at trapping heat within the hotspot, boosting the energy yield.
  
  The notion of using magnets to heat the fuel isn't new. University of Rochester scientists found they could use magnetism to their advantage in 2012. The Lawrence Livermore study was far more effective, however, producing 40 percent heat and more than three times the energy.
  
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