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• Ford expects a $19.5 billion hit from pulling back on EVs
  The automaker said yesterday that its strategy shift away from electric...
  The automaker said yesterday that its strategy shift away from electric vehicles and toward hybrids will reduce its profit in the near-term. The decision to put its EV plans into reverse means Ford will stop producing an all-electric version of its signature F-150 Lightning pickup truck and instead offer it as an extended-range EV with a gas-powered generator that can recharge its battery. Ford CEO Jim Farley said the move away from EVs would ultimately “create a stronger, more resilient and more profitable Ford.” Its EV business had already cost Ford $13 billion since 2023, per the Wall Street Journal. The retreat from EVs puts US automakers out of step with Chinese competitors that are shaking up the industry by selling cheap electric models.
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• ☕️What Else is Brewing Tuesday Morning
  Zillow may be getting an Alphabet-sized competitor. There...
  Zillow may be getting an Alphabet-sized competitor. There are few areas of online search that Google doesn’t dominate, but real estate listings is one of them…for now. The search giant appears to be testing displaying its own real estate listings at the top of search results, and that news sent Zillow’s stock down more than 9% yesterday, like the price of a house where they’ve just discovered cracks in the foundation. Still, analysts were quick to point out that a little (massive) competition might not be so bad for Zillow, which isn’t very dependent on organic search traffic for its pageviews.
  
  President Trump slapped the BBC with a $10 billion defamation lawsuit over a documentary he alleges was deceptively edited to harm his electoral chances.
  
  Australia is planning to tighten its already strict gun laws in response to the terrorist attack targeting a Bondi Beach Hanukkah celebration that killed at least 15 people.
  
  Police released new video footage as the hunt for the shooter who killed two people at Brown University on Sunday continued.
  
  US authorities say they foiled a plot to bomb business sites in Southern California on New Year’s Eve with four arrests of members of an anti-capitalist group.
  
  The Louvre was forced to temporarily close yesterday when its staff went on strike, in part to protest declining conditions at the museum—including those that enabled a recent jewel heist.
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• DAILY OIL PRICE: December 15, 2025
  Crude Oil: 56.82   (-0.62)....
  
  
  • Crude Oil: 56.82   (-0.62).
  
  
  • Nymex MTD AVG: 58.6100.
  
  
  • Natural Gas: 4.012   (-0.101).
  
  
  • Gasoline: 1.7323   (-0.0198).
  
  
  • Spreads: January/February (+0.15)     February/March (+0.11).
  
  
  • Plains WTI Posting: 53.30   (-0.62).
  
  

  
  Source: Odessa American
  
  
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• Stock Market Closing Report - Monday, December 15, 2025
  U.S. stocks finished slightly lower on Monday as artificial...

  U.S. stocks finished slightly lower on Monday as artificial intelligence stocks extended their recent slide, with investors continuing to rotate away from high-flying tech names ahead of a critical week of delayed economic data.

  
  S&P 500: lost 0.16% to settle at 6,816.51 after beginning the session in positive territory
  
  Dow Jones Industrial Average: slipped 41.49 points (-0.09%) to finish at 48,416.56
  
  Nasdaq Composite: fell 0.59% to 23,057.41
  

  Market Drivers: Certain AI stocks bogged down the broader market during Monday's session, with shares of Broadcom and Oracle—two names that led a rotation away from AI last week—declining more than 5% and more than 2%, respectively. Others like Microsoft also suffered some losses.

  
  

  The market wiped out an initial 0.5% gain and moved lower after the opening bell, with megacap tech serving as a source of weakness. Small cap names lagged, with the Russell 2000 trailing the S&P 600.

  
  

  Sector Performance: Investors moved instead to areas more sensitive to the economy, such as consumer discretionary and industrials. They also loaded up on health-care shares. Energy was the lagging sector as both crude and natural gas continued to slide, while biopharma and managed care names mainly traded higher.

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• BP begins production at Atlantis expansion in US Gulf
  BP's Atlantis Drill Center 1 expansion in the US Gulf of America has...
  BP's Atlantis Drill Center 1 expansion in the US Gulf of America has achieved first oil two months early. The project, BP's seventh major upstream development to come online this year, adds two new wells tied back to existing infrastructure and is expected to deliver about 15,000 barrels of oil equivalent per day at peak from the Atlantis platform, which can handle about 200,000 bpd of oil and 180 MMcf/d of gas.
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