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• Gas-fired Power Generation Sets New Records Over Summer EIA
  Gas-fired power plant usage continued trending...
  
  
  Gas-fired power plant usage continued trending upward during the hot summer months, at times accounting for half of U.S. electricity generation, according to an analysis released by the U.S. Energy Information Administration on Oct. 8.
  
  Nine of the ten highest days in U.S. gas-fired power generation history occurred from June to August, according to the EIA. On Aug. 2, gas-fired power added 7.1 million megawatt-hours (MWh) to the U.S. power grid, a record. 
  
  Overall, U.S. electricity generation rose 3% from 2023, with gas-fired power rising 3% as well. Several factors encouraged power companies to rely on natural gas. Prices for natural gas remained low, utilities continued to move away from coal usage, summer temperatures remained high, and many utilities have grown their gas-fired capacities. 
  
  
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• 🌀Hurricane Milton to hit Florida tonight as millions told to flee
  The strongest storm in the Gulf of Mexico since 2005 is expected to ...
  The strongest storm in the Gulf of Mexico since 2005 is expected to make landfall tonight in the Tampa Bay area, where experts warn the storm surge could reach 15 feet. Nearly 6 million Floridians across 11 counties in coastal and low-lying areas are under mandatory or voluntary evacuation orders. More than 1,500 flights have been canceled as of Tuesday. Milton, still a Category 5 as of this morning, is likely to weaken into a Category 3 before it lands, but experts warn it will have devastating effects. Tampa Mayor Jane Castor said that debris left from Hurricane Helene two weeks ago could be picked up by Milton and used as a “weapon.”
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• ☕️What Else is Brewing Wedensday Morning
  TikTok sued by 14 states for being intentionally addictive to...
  TikTok sued by 14 states for being intentionally addictive to kids. A bipartisan group of more than a dozen attorneys general filed separate lawsuits against TikTok yesterday, alleging that the popular social media company harmed young people’s mental health by getting them hooked on the app’s addictive algorithm and infinite scroll design. A TikTok spokesperson called the allegations “inaccurate and misleading” and said the company is committed to protecting teens. The lawsuits are the latest in an avalanche of legal trouble for TikTok, following a federal lawsuit and a proposed bill that could see it banned in the US. Dozens of states filed a similar lawsuit against Instagram owner Meta last year.
  
  McDonald’s sued several major meat producers, alleging that they conspired to limit their supplies and jack up prices.
  
  Kamala Harris announced a plan to broaden Medicare to cover home healthcare for the first time in an effort to help the “sandwich generation” of Americans who are taking care of both their children and their parents.
  
  WeightWatchers said it will offer cheaper copycat versions of Novo Nordisk’s weight loss drug, Wegovy.
  
  A new book by Watergate journalist Bob Woodward alleges that Donald Trump secretly sent Vladimir Putin Covid-19 test machines for the Russian’s personal use at a time when they were rare in the US.
  
  Home Depot ordered all of its corporate employees, including senior management, to work one eight-hour retail shift every quarter so they could “truly understand the challenges and opportunities our store associates face every day.”
  
  Mega Millions tickets will cost more next year—$5 instead of $2—in a move that will also lead to bigger prizes.
  
  The New York Jets fired head coach Robert Saleh, ensuring another season of misery.
  
  
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• Crude prices slide over 4% on possible Hezbollah-Israel ceasefire
  Oil prices dropped over 4% on Tuesday, with Brent settling...

  Oil prices dropped over 4% on Tuesday, with Brent settling at $77.18 and WTI at $73.57 per barrel, primarily driven by news of a potential ceasefire between Hezbollah and Israel. The market remained volatile as conflicting reports emerged. While Hezbollah indicated openness to negotiations, tensions escalated with Israel making new incursions into southern Lebanon and warning residents away from specific buildings in Beirut's suburbs. Analysts noted the market's high sensitivity to headlines, with prices finding some support from concerns about possible attacks on Iranian oil infrastructure.

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• Chevron’s Texas Haynesville May Fetch $1B from Tokyo Gas
  Chevron holds more than 70,000 net acres in Panola County, Texas, but had only...
  
  
  Chevron holds more than 70,000 net acres in Panola County, Texas, but had only five Haynesville wells on the acreage at year-end 2023. TG Natural Resources is reportedly in talks to buy Chevron Corp.'s more than 70,000 of primarily undeveloped Haynesville acres in Panola County, Texas, for up to $1 billion.
  
  
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