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• The shutdown is over, but some effects will linger
  After the longest shutdown in history, the House ...
  After the longest shutdown in history, the House passed a bill last night to fund the government through Jan. 30, and President Trump signed it, reopening the federal government, which had been shut since Oct. 1.
  
  The deal to resume government functions came together after eight Democratic senators broke ranks, allowing Republicans to pass a funding bill without extending the enhanced healthcare subsidies Democrats were fighting for. The package also included reinstatement of federal workers who were laid off during the shutdown and a controversial provision allowing some Republican senators to sue over investigations related to Jan. 6, 2021. Six Democrats also voted with Republicans in the House.
  
  ✈The FAA started cutting flights to ease pressure on temporarily unpaid air traffic controllers last week, causing travel disruptions that peaked on Sunday with nearly 3,000 flight cancellations and 11,000 delays. With the shutdown over, the FAA said the cuts would remain at 6% this week, rather than rising to 10% as planned, and will be lifted once it is safe to do so.
  
  However, National Air Traffic Controllers Association President Nick Daniels said earlier this week that it took over two months for staffing levels to rebound after the last shutdown ended in 2019.
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• ☕️What Else is Brewing Thursday Morning
  Toyota opens US battery plant. The Japanese automaker...
  Toyota opens US battery plant. The Japanese automaker declared its $14 billion North Carolina battery-making facility open yesterday, pledging an additional $10 billion investment in US manufacturing over the next five years as it hits the gas on its strategy to sell hybrid cars. While competitors shifted their focus to full EVs, Toyota bet on hybrids, a move that has proven lucrative as hybrid use ticks up and EV interest wanes. The new factory is Toyota’s 11th US manufacturing facility, but its first battery production site outside Japan. The plant will let it step up hybrid production, supplying hybrids and EVs with batteries while saving on shipping and tariff costs.
  
  Anthropic is the latest AI company to spend big to set up infrastructure. It plans to shell out $50 billion, starting with data centers in Texas and New York.
  
  US Treasury Secretary Scott Bessent said agricultural tariff cuts that apply to coffee, bananas, and other things that can’t be grown in the States are coming soon.
  
  President Trump urged Israel’s president to pardon its Prime Minister Benjamin Netanyahu, a political ally who has been accused of corruption.
  
  European budget airline Ryanair ditched paper boarding passes in favor of app-only travel documents.
  
  Skims, Kim Kardashian’s shapewear company that sells a fake hair micro thong, was valued at $5 billion in a recent funding round.
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• DAILY OIL PRICE: November 12, 2025
  Crude Oil: 58.49   (-2.55)....
  
  
  • Crude Oil: 58.49   (-2.55).
  
  
  • Nymex MTD AVG: 60.1258.
  
  
  • Natural Gas: 4.533   (-0.032).
  
  
  • Gasoline: 1.9554   (-0.0566).
  
  
  • Spreads: December/January (0.00)     January/February (+0.07).
  
  
  • Plains WTI Posting: 54.97   (-2.55).
  
  

  
  Source: Odessa American
  
  
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• Dow closes above 48,000 for first time ever, while tech pullback hurts Nasdaq
  The Dow Jones Industrial Average ended above 48,000 for...

  The Dow Jones Industrial Average ended above 48,000 for the first time on Wednesday as investors moved into non-technology trades and awaited a vote in the House of Representatives that may end the government shutdown.

  
  

  The Dow rose 326.86 points, or 0.7%, to finish at a record closing high of 48,254.82, based on preliminary data. The blue-chip's biggest gainers were UnitedHealth Group Inc. and Goldman Sachs Group.

  
  

  The S&P 500 rose just 4.31 points, or less than 0.1%, to end at 6,850.92.

  
  

  The Nasdaq Composite fell 61.84 points, or 0.3%, to end at 23,406.46.

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• IEA revises long-term growth view for oil and gas
  The International Energy Agency's latest annual World Energy Outlook...
  The International Energy Agency's latest annual World Energy Outlook features a Current Policies Scenario for the first time since 2019, marking a reversal in the agency's recent downbeat view on fossil fuels. The CPS predicts oil consumption will climb by 13% to 113 million barrels per day in 2050, contrasting with the IEA's Stated Policies Scenario, which sees oil demand peaking around 2030 and averaging 96.9 million bpd in 2050. The agency also lifted its long-term natural gas demand outlook and forecast a 50% increase in global LNG export capacity by 2030, but warned about oversupply risks.
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