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• Summit's CO2 project may cater to EOR efforts after all
  CO2 pipeline developer Summit...
  CO2 pipeline developer Summit Carbon Solutions is leaving the door open for the potential use of its CO2 in enhanced oil recovery, contradicting previous pledges that its project won't be used for such purposes. Summit CEO Lee Blank defended the consistency of the company's messaging, saying, "The front-end goal of this company is the ethanol industry and the sequestration of carbon, and it will be that until the market tells us to do anything different."
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• US midstream firms bet big on gas infrastructure
  Despite the downturn in natural gas prices and surplus storage levels,...
  Despite the downturn in natural gas prices and surplus storage levels, US midstream companies have allocated more than $10 billion to upgrade and expand their gas infrastructure this year, according to East Daley Analytics. Analysts say the investments reflect the industry's confidence in long-term demand for gas infrastructure, driven by the ongoing expansion of the liquefied natural gas export market.
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• ☕️What Else is Brewing Tuesday Morning
  Biden’s budget would hike taxes on the rich, and corporations. The...
  Biden’s budget would hike taxes on the rich, and corporations. The president submitted a $7.3 trillion budget to Congress that would raise taxes on billionaires and businesses to put more cash into social programs, including Social Security and Medicare. But, like all presidential budgets, it’s got about as much chance of getting passed by Congress as a bill guaranteeing each American a pet unicorn, so it’s mostly a statement of Biden’s priorities—the 2024 budget is still being hashed out.
  
  Reddit will be targeting a valuation of nearly $6.5 billion and looking to raise ~$750 million in its upcoming IPO.
  
  Airbnb banned indoor security cameras in all listings, so now you’ll only have to worry about the cleaning fees.
  
  Telegram’s founder told the Financial Times that the encrypted messaging app has 900 million users and is making “hundreds of millions” off advertising, which should make the company profitable next year.
  
  Elon Musk, who is suing to force OpenAI to make its tech open source, said his competing company, xAI, will make the code for its chatbot, Grok, public this week.
  
  The Oscars drew 19.5 million viewers, with the Barbenheimer hype helping to make it the most viewed awards show since 2020.
  
  The House is scheduled to vote tomorrow on legislation that would effectively ban TikTok in the US.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for April delivery ...
  Benchmark U.S. crude oil for April delivery fell 8 cents to $77.93 per barrel Monday. Brent crude for May delivery rose 13 cents to $82.21 per barrel.
  
  Wholesale gasoline for April delivery rose 5 cents to $2.58 a gallon. April heating oil rose 1 cent to $2.65 a gallon. April natural gas fell 5 cents to $1.76 per 1,000 cubic feet.
  
  
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• Dow ekes out gain ahead of critical inflation data due this week
  U.S. stocks saw a mixed finish Monday, as investors awaited key inflation...
  U.S. stocks saw a mixed finish Monday, as investors awaited key inflation readings due this week that may help decide the timing of any interest-rate cuts by the Federal Reserve.
  
  The Dow Jones Industrial Average DJIA gained 46.97 points, or 0.1%, to end at 38,769.66.
  
  The S&P 500 SPX fell 5.75 points, or 0.1%, to finish at 5,117.94.
  
  The Nasdaq Composite COMP declined 65.84 points, or 0.4%, to close at 16,019.27.
  
  The Dow fell 0.9% last week for back-to-back weekly declines, while the S&P 500 lost 0.3% and the Nasdaq Composite dropped 1.2%.
  
  The S&P 500 has gained 7% this year and 33% over the last 52 weeks.
  
  
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