OklahomaMinerals.com

Snippets

• ☕️What Else is Brewing Saturday Morning
  Executive order targets state AI laws. President Trump ...
  Executive order targets state AI laws. President Trump signed an executive order on Thursday that seeks to block AI regulation by individual states, saying it would create a single federal regulatory framework and keep the US at the forefront of the tech. The order authorizes the attorney general to sue over state AI restrictions and tells federal regulators to withhold funds for projects like broadband from states with such laws. The move was controversial, as Republicans had opted against including clauses barring state-level AI rules in recent legislation. And it may not even deter states from moving ahead with their rules, especially because the order is likely to face a court challenge.
  
  New photographs from the estate of the late disgraced financier Jeffrey Epstein were released by House Democrats yesterday, including some that feature President Trump, former President Bill Clinton, and Andrew Mountbatten-Windsor (formerly Prince Andrew).
  
  A historic preservation group sued President Trump, claiming that the demolition of the East Wing of the White House required Congressional review and any construction should be halted.
  
  Iran arrested Nobel Peace Laureate Narges Mohammadi, her supporters said. The activist had been on medical furlough from prison.
  
  The UK’s King Charles III said his cancer treatments would be reduced next year thanks to effective treatment and early diagnosis.
  
  Republican state lawmakers in Indiana rejected a redistricting plan backed by President Trump on Thursday, making it the first red state to buck the president’s push for new electoral maps that favor the GOP.
  
  Bank of America has finally bounced back from the 2008 financial crisis—the bank’s stock rose above its 2006 high yesterday, according to the Wall Street Journal.
  Read More
• DAILY OIL PRICE: December 12, 2025
  Crude Oil: 57.44   (-0.16)....
  
  
  • Crude Oil: 57.44   (-0.16).
  
  
  • Nymex MTD AVG: 58.7379.
  
  
  • Natural Gas: 4.113   (-0.118).
  
  
  • Gasoline: 1.7521   (-0.0077).
  
  
  • Spreads: January/February (+0.20)     February/March (+0.16).
  
  
  • Plains WTI Posting: 53.92   (-0.16)
  
  

  
  Source: Odessa American
  
  
  Read More
• Stock Market Closing Report - Friday, December 12, 2025
  U.S. stocks pulled back sharply on Friday as a rotation...

  U.S. stocks pulled back sharply on Friday as a rotation out of high-flying technology stocks accelerated, with investors reassessing AI valuations following disappointing earnings from Broadcom and continued weakness from Oracle.

  
  🔴 Dow Jones Industrial Average: slipped 0.5%.
  
  🔴 S&P 500: dropped roughly 1%, one day after surging above the 6,900 level for the first time.
  
  🔴 Nasdaq Composite: fell 1.6%, continuing a tech slump.
  
  Weekly Performance: Friday's moves cemented a brutal week for tech stocks in particular, with the Nasdaq down 1.6% and the S&P 500 down 1% for the week. The Dow bucked the trend, rising 1% for the week.
  

  Market Drivers: The selloff was driven by growing concerns about AI overvaluation and margin compression. Broadcom dropped 11%, even after the company beat fourth-quarter expectations and gave a strong forecast, saying artificial intelligence chip sales look to double. Analysts attributed the decline to concerns about margin compression.

  
  

  Oracle was on track for a 12% drop, extending Thursday's losses as investors continued to worry about aggressive AI spending that hasn't yet translated to clear returns.

  Read More
• Geothermal startup Fervo raises $462M
  Fervo Energy has secured $462 million in a funding round that includes...
  Fervo Energy has secured $462 million in a funding round that includes participation from Google. The funding will help Fervo continue development of a 500-megawatt power plant in Utah and begin development of additional projects to meet rising energy demand from data centers. Fervo's enhanced geothermal technology, which uses techniques from the oil and natural gas industry, has reduced well-drilling times and costs.
  Read More
• Lake Charles LNG project on track for early 2026 FID
  Energy Transfer expects to reach a final investment decision on its 18.18-million-short-ton-per-...
  Energy Transfer expects to reach a final investment decision on its 18.18-million-short-ton-per-year Lake Charles LNG project in Louisiana early next year after locking in enough long-term sales agreements to advance the development, Lake Charles LNG Vice President Amy Chen Davis said at a Houston conference. Davis said she remains confident in long-term LNG fundamentals, noting that lower prices often stimulate additional demand.
  Read More

• Prev
• Next