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• 3 Oil & Gas Royalty Trusts With Exceptionally High Yields
  Oil and gas trusts are among the highest-yielding stocks in the stock market, making them attractive...
  Oil and gas trusts are among the highest-yielding stocks in the stock market, making them attractive candidates for income investors. On the other hand, in contrast to the well-known oil majors, such as Exxon Mobil (XOM) and Chevron (CVX) , they offer a different distribution every month, which is highly volatile due to the gyrations of the prices of oil and gas.
  
  Stocks quotes in this article: XOM, CVX, SBR, PBT, HGTXU
  
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• Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back
  Brace for a spike in US gas prices next year due to refinery disruptions and amid renewed energy demand...
  Brace for a spike in US gas prices next year due to refinery disruptions and amid renewed energy demand from China as the Asian nation reopens its economy, according to GasBuddy.
  
  "2023 is not going to be a cakewalk for motorists. It could be expensive," said Patrick De Haan, head of petroleum analysis at the firm, which tracks fuel costs, in its 2023 fuel outlook.
  
  The national average price of gas at the pump could top around $4 a gallon in most major US cities as early as May next year, De Haan said, from $3.18 on Friday. Cities in the West Coast state of California, such as San Francisco and Los Angeles, could see gas prices approach nearly $7 a gallon in the summer of 2023, according to GasBuddy.
  
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• Stocks close lower ahead of holiday, cap worst year since 2008
  U.S. stocks polished off their worst year since 2008 with a loss...
  U.S. stocks polished off their worst year since 2008 with a loss on Friday, bringing the year-to-date decline for the S&P 500 to 19.4%, its largest calendar-year drop since 2008, Dow Jones Market Data show. The same holds true for the Dow Jones Industrial Average, which shed 8.8% this year, and the Nasdaq Composite, which lost 33.1%. On Friday, as stocks pared their losses heading into the close on the last session of the year, the S&P 500 SPX fell 9.78 points, or 0.2%, to finish at 3,839.50, while the Nasdaq Composite COMP fell 11.61 points, or 0.1%, to 10,466.48, and the Dow DJIA fell 73.55 points, or 0.2%, to 33,147.25. 2022 also marked the fourth-worst year for the S&P 500 since its inception in 1957. The only years where stocks fared worse were 2002, 1974 and 2008, according to DJMD. As previously high-flying mega-cap technology stocks and other interest-rate sensitive assets crumbled, value stocks outperformed this year, sending the Dow to its biggest calendar-year outperformance vs. the Nasdaq since 2000. The blue-chip gauge also recorded its biggest outperformance vs. the S&P 500 since the index’s creation. Energy stocks were a lone bright spot, as the S&P 500 energy sector recorded its best year on record with a 59% gain.
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• U.S. natgas drops to 9-month low despite large storage draw
  U.S. natural gas futures dropped to a nine-month low on Friday, as February gas futures NGc1...
  U.S. natural gas futures dropped to a nine-month low on Friday, as February gas futures NGc1 slipped 10.5 cents, to $4.454 per million British thermal units by 11:17 a.m. ET the lowest level since mid-March on forecasts for warmer weather over the next two weeks, despite a bigger than expected storage draw.
  
  Prices stayed negative on Thursday, even after a federal report showed a much bigger-than-usual storage draw last week as a winter storm that swept across large parts of the country raised heating demand.
  
  The U.S. Energy Information Administration (EIA) said utilities pulled 213 billion cubic feet (bcf) of gas from storage during the week ended Dec. 23, exceeding the 201 bcf decline analysts forecast in a Reuters poll, compared with a decrease of 125 bcf in the same week last year and a five-year (2017-2021) average decline of 106 bcf.
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• 2022: Lake Mead sinks to its lowest level since 1937
  The water level at Lake Mead, America’s largest reservoir, sank in July to its lowest level...
  The water level at Lake Mead, America’s largest reservoir, sank in July to its lowest level since it was first filled in 1937. The reason? A megadrought that gave the Southwest US its driest 22 years in the last 1,200 or so. The water dipped so low in Lake Mead that at least six corpses have been found, including one that’s probably from a 1980s mob hit. And it wasn’t just Lake Mead. Diminishing water levels across the globe this year threatened economies, stalled the transport of goods, and uncovered archeological surprises.
  
  
  
  A sign marking the top of Lake Mead, now far away from the shoreline
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