The Ryder Cup tees off on Friday: If the UNGA isn’t...
The Ryder Cup tees off on Friday: If the UNGA isn’t your thing but you still want to see Americans and Europeans taking swings at each other, you’re in luck. The world’s top golfers are headed to Bethpage Black on Long Island this weekend for the Ryder Cup. The biennial competition turns golf into a team sport that pits Americans against Europeans, with bragging rights on the line.
A cyberattack hit major European airports, including Heathrow, and disrupted flights beginning late Friday.
The Trump administration is expected to announce a relationship between autism risk and Tylenol usage, according to the Washington Post.
A civil trial this week will determine if Amazon Prime is too hard to unsubscribe from.
Nippon Steel can’t shut down an Illinois plant after President Trump invoked the golden share.
State Land Office has second-best oil and gas auction ever this month, pulls in $117 million
The State Land Office has had its second-best...
The State Land Office has had its second-best auction ever of oil and gas leases this month, capping what State Land Commissioner Stephanie Garcia Richard described as a “three-month haul.”
One tract in Eddy County sold for $175,000 per acre, breaking the office’s previous record of $132,552 per acre — which set a nationwide record in August.
The bucks don’t stop there; eight of the 11 leases auctioned this month were leased under a higher royalty rate, thanks to a bill adopted by the New Mexico Legislature earlier this year. The legislation increased the rate to a maximum 25% for prime tracts, up from 20%.
At this month’s auction, the office brought in $117 million in one-time bonus payments, which are paid for the right to obtain a lease of state land.
In July, the monthly auction brought in $56 million in bonus payments, then the highest ever. That record was soon broken at the next month’s auction, which brought in $256 million in payments.
Trader bets on oil below $50 due to supply concerns
A trader has placed a significant bet that Brent crude will fall below...
A trader has placed a significant bet that Brent crude will fall below $50 per barrel by year-end, anticipating a global supply surplus. The trader purchased put options equivalent to 10 million barrels, banking on a 25% price drop. The move aligns with forecasts from Macquarie Group and other analysts predicting a 3 million bpd surplus in the coming months.
Study: Soaring gas turbine prices strain project plans
A new report from GridLab, Energy Futures Group, Component Reliability...
A new report from GridLab, Energy Futures Group, Component Reliability Consultants and Halcyon found that US gas turbine projects scheduled for 2030 or 2031 are consistently reporting costs above $2,000 per kilowatt, up to 75% higher than near-term prices. Researchers attribute this increase to a mix of surging demand, supply chain issues and higher costs for materials and labor. The study cautions that these pressures are unlikely to ease soon, leading to longer project timelines, higher utility bills and planning risks if outdated cost assumptions remain in use.
Senate fails to pass government shutdown-averting bill
Majority-holding House Republicans passed a bill yesterday to fund the...
Majority-holding House Republicans passed a bill yesterday to fund the government through much of November, but it failed to clear the Senate, where it needed 60 votes. The government’s chances of keeping the lights on are now slim, since Congress is in recess until after Oct. 1, when its current funding runs out. Democrats refused to support the GOP plan to keep federal funding at roughly the same level with an emergency $88 million to bolster security for government officials in the wake of the Charlie Kirk assassination. The party put forward its own bill—which also failed—to fund the government until Oct. 31, but with $326 million in security funds, an extension of Obamacare subsidies scheduled to expire at the end of the year, and a rollback of Medicaid cuts enacted by the recent Republican-backed budget.
