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A late rally lifted the Dow and S&P 500 into positive territory for a seventh consecutive session to cap a very volatile month, erasing earlier declines that followed data recording that the US economy contracted for the first time in three years in the first quarter - Dow rose +142-points or +0.35%, recovering from an earlier slide of more than >780-points.  Verizon Communications Inc (up +2.58%) and Chevron Corp (down -2.33%)  were the best and worst performers respectively in the 30-stock index overnight

• A late rally lifted the Dow and S&P 500 into positive territory for a seventh consecutive session to cap a very volatile month, erasing earlier declines that followed data recording that the US economy contracted for the first time in three years in the first quarter - Dow rose +142-points or +0.35%, recovering from an earlier slide of more than >780-points. Verizon Communications Inc (up +2.58%) and Chevron Corp (down -2.33%) were the best and worst performers respectively in the 30-stock index overnight

US equity markets fell sharply, unwinding opening gains as President Trump said that tariffs against Mexico and Canada will go ahead as planned tonight AEST (and also signed an action to impose an additional 10% duty on China, according to an administration official), while investors also digested signs of a fresh spike in inflation pressures - Dow dropped -650-points or -1.48%. Nvidia Corp fell 8.81% to US$114.22 to be the worst performer in the 30-stock index overnight, with the stock falling into official correction territory after settling more than >20% below its record all-time closing high of US$149.43 set on 6 January. There were reports that Nvidia and Broadcom Inc (-6.05%) are testing Intel Corp's (-4.17%) chip manufacturing process. Separately, The Wall Street Journal reported on Sunday (2 March) that Chinese buyers were finding ways to buy Nvidia's chips despite President Trump's attempts to limit sales to Beijing. Elsewhere, Amazon.com Inc (down -3.42%), Caterpillar Inc (-3.46%) and Chevron Corp (-3.49%) all fell over >3%.

US equity markets fell sharply, unwinding opening gains as President Trump said that tariffs against Mexico and Canada will go ahead as planned tonight AEST (and also signed an action to impose an additional 10% duty on China, according to an administration official), while investors also digested signs of a fresh spike in inflation pressures - Dow dropped -650-points or -1.48%. Nvidia Corp fell 8.81% to US$114.22 to be the worst performer in the 30-stock index overnight, with the stock falling into official correction territory after settling more than >20% below its record all-time closing high of US$149.43 set on 6 January. There were reports that Nvidia and Broadcom Inc (-6.05%) are testing Intel Corp's (-4.17%) chip manufacturing process. Separately, The Wall Street Journal reported on Sunday (2 March) that Chinese buyers were finding ways to buy Nvidia's chips despite President Trump's attempts to limit sales to Beijing. Elsewhere, Amazon.com Inc (down -3.42%), Caterpillar Inc (-3.46%) and Chevron Corp (-3.49%) all fell over >3%.

An internal memo reviewed by POLITICO this week shows that the Environmental Protection Agency began partially lifting the Trump administration's spending freeze for some environmental programs after a court order this week, according to a memo reviewed by POLITICO. James Bikales breaks down which programs are and aren't disbursing funds, and how lawmakers are reacting. Plus, oil giant Chevron Corp. is in discussions with the Trump administration about the company's federal license to produce oil in Venezuela. James Bikales is a reporter for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is the managing producer for audio at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO.  Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Learn more about your ad choices. Visit megaphone.fm/adchoices

US equity mostly firmer top open a week punctuated by major global central bank meetings and inflation data - Dow fell -111-points or -0.25%, recording an eight straight session decline to book its longest stretch of daily losses since 2018. Unitedhealth Group Inc (down -4.22%), Verizon Communication Inc (-3.31%) and Chevron Corp (-2.93%) logged the sharpest falls in the 30-stock index overnight. Nvidia Corp lost -1.92% to US$131.46 and entered official correction territory (down over >10% from its 7 November all-time high of US$148.88). Honeywell International Inc (up +3.68%) was the leading Dow component overnight as the conglomerate issued an update on its portfolio review begun earlier this year, noting that it is considering spinning off its aerospace unit. Amazon.com Inc (+2.4%) and Boeing Co (+2.07%) both climbed over >25.

Today we had a unique and fascinating opportunity to visit with Miguel Galuccio, Chairman and CEO of Vista Energy, at Vista's offices in Neuquén, Argentina. Miguel is a highly accomplished energy entrepreneur and serves as an Independent Board Member at SLB and GridX in addition to his role at Vista. Prior to founding Vista, Miguel served as the Chairman and CEO of YPF from 2012 to 2016, in addition to several international positions at SLB, most recently serving as President of SLB Production Management. We were thrilled to hear Miguel's valuable insights into Argentina's energy potential and specifically into the growth we are seeing in the Vaca Muerta. In our conversation, we explore Vista's rapid growth and their technological and operational advancements, the benefits of Argentina's bipartisan political support for energy development, and the transformative economic impact of Vaca Muerta in shifting the country's energy trade balance from deficit to surplus. We discuss the critical role of free-market mechanisms in scaling production, leveraging lessons from U.S. shale, Vaca Muerta's potential as a cornerstone of Argentina's energy future, opportunities for collaboration between the US and Argentina in energy and economic development, and insights from Miguel's experience at YPF, notably the importance of efficiency, innovation, and team integration. Miguel shares background on the “One Team” model integrating Vista, SLB and Nabors teams to optimize operations and performance, key infrastructure developments including the development of the Vaca Muerta Sur pipeline, Vista's broader mission to serve Argentina and enhance lives, and strategies for reducing operational costs in Vaca Muerta without the scale of US shale operations. We also cover Vista's disciplined financial management, the company's commitment to being a long-term player, Vista's intriguing and exciting nature-based solutions business (website linked here), the importance of industry collaboration in driving future growth and innovation, and much more. For additional reading on Argentina, The Economist's article entitled “Javier Milei: “My contempt for the state is infinite” is linked here. Mike Bradley kicked us off by highlighting that the 10-year bond yield (4.2%) is at its lowest level since Trump was elected. Both the CPI & PPI reports will be released this week and will go a long way in determining what the FED does next week at its FOMC Rate Decision Meeting. On the broader equity market front, markets continue gravitating to new all-time highs but caution could be warranted due to current and unforeseen global political turmoil. The month of December is typically a good month for the S&P 500 with average monthly performance of ~1.5-2.0% over the past five years. On the crude oil market front, WTI continues to trade in a very tight trading band (~$68-$71/bbl) even with news of additional Mideast turmoil (Assad's fall in Syria) and rumors that China might pursue looser monetary policy in 2025. OPEC delayed their current production curtailments by another three months which was totally expected. He also noted that even with these OPEC curtailments in Q1, global oil supply will remain in surplus and oil prices are likely going to be capped unless Trump moves to sanction Iranian oil exports early in his Presidency. On the energy equity front, Energy was among the worst performing S&P sectors last week (down ~5%) as investors were putting the OPEC meeting in the rearview mirror and focusing on the continued global oil supply surplus. Investor sentiment currently favors natural gas over crude oil equities and that sentiment likely continues into early 2025. Chevron Corp. lowered their 2025 capex budget last week and this week ExxonMobil will be hosting their Annua

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the top news from around the world ahead of the trading session of December 6 -Yesterday, markets extended their recovery in a volatile session, gaining over 1% after a brief pause. Following a subdued start, a sudden surge in select heavyweight stocks mid-session lifted sentiment, although volatile swings in the final hour tempered momentum. Ultimately, the Nifty ended above 24,700, marking its highest closing level since October 21. Most sectors contributed to the rally, with IT, banking, and auto emerging as the top gainers. The IT index hit a record high, rising more than 2%, with Infosys and TCS leading the gains. -Market volatility was largely induced due to uncertainty around MPC's policy meet and the RBI's focus on liquidity measures following a dip in economic growth, which is going to be the key focus today as governor Shaktikanta Das is set to announce the policy outcome at 10 am today. -As of this morning, GIFT Nifty was higher, trading at a premium of more than 40 points from Nifty Futures Thursday close, indicating a start in the green for the Indian market. -Stocks to watch: Afcons Infrastructure, Nykaa, Cummins India, Dr Reddy's Laboratories, Ola Electric, Ramco Systems -The key thing to watch today will be the RBI policy outcome. A CNBC-TV18 poll of analysts expects RBI to hold rates whereas it could trim growth outlook. -Asian equities tracked a drop in US shares ahead of jobs data that may help shape the direction of the Federal Reserve's policy path later this month. Equities in Japan, Australia and futures in Hong Kong all fell, taking cues from the downbeat mood on Wall Street. The S&P 500 dropped 0.2% and the tech-heavy Nasdaq 100 slipped 0.3%, their first declines in five sessions. -In commodities, oil was mostly unchanged after OPEC+'s decision to push back the revival of shuttered production by another three months failed to lift sentiment. Meanwhile, Chevron Corp. said it plans to slow production growth in the biggest US oil field next year. Gold held its declines. -Bitcoin pulled back a record high with some traders already seeking to hedge against a deeper retreat after the original cryptocurrency surged to more than $100,000 for the first time. The digital asset held it losses after news that Donald Trump had named David Sacks as a White House czar for crypto and artificial intelligence. Tune in to Marketbuzz Podcast for more cues

Singapore shares opened in the red today, mirroring declines in the broader Asian region. In early trade, the benchmark Straits Times Index (STI) was down 0.4 per cent, at 3,807.9 points after 54.3 million securities changed hands in the broader market. In terms of companies to watch today, we have Sembcorp Industries, after the group's wholly owned subsidiary, Sembcorp Fuels, signed a 10-year sale-and-purchase agreement with oil major Chevron Corp for approximately 0.6 million tonnes of liquefied natural gas each year.  Elsewhere, from more on how Wall Street banks are predicting the biggest China rate cuts in a decade, to how Intel has named two chip veterans to its board amid its search for a new CEO – more international and corporate headlines remain in focus.  Also on deck – how Elon Musk's xAI raised US$6 billion in new capital based on new regulatory filings. On Market View, Money Matters' finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Assistant Dealing Manager from Moomoo Singapore.See omnystudio.com/listener for privacy information.

US equity markets settled little changed as investors digested a benign October inflation report - Dow added +47-points or +0.11%, unwinding an earlier rally of as much as +230-points. Amazon.com Inc (up +2.48%) and Chevron Corp (+2.21%) both gained over >2%. Boeing Co (down -3.58%) was the worst performer in the 30-stock index overnight.

US equity markets settled little changed as investors digested a benign October inflation report - Dow added +47-points or +0.11%, unwinding an earlier rally of as much as +230-points. Amazon.com Inc (up +2.48%) and Chevron Corp (+2.21%) both gained over >2%. Boeing Co (down -3.58%) was the worst performer in the 30-stock index overnight.

-Welcome back to CNBC-TV18's Marketbuzz Podcast. This is your host Kanishka Sarkar bringing you top developments ahead of today's trading session -Early exit polls in the extremely close U.S. presidential election appear to give an edge to Republican Donald Trump. Trump won eight states in the election while Kamala Harris captured three states and Washington, D.C., Edison Research projected. The early results were as anticipated, with the contest expected to come down to seven swing states. -Early results from Georgia, which narrowly voted for Democrats four years ago, could offer initial insight into how the two candidates are performing. Pennsylvania and parts of Michigan, both crucial battlegrounds, close at 8 p.m. local time. -Equities in Japan and Australia climbed. Chinese equities were mixed, with the CSI 300 Index of onshore shares edging higher in early trading while a gauge of the nation's Hong Kong-listed stocks down about 1%. -While results were still being collected and polls remained open in many key states, the ex-president's odds of election were climbing on betting markets and on national forecasting sites such as Decision Desk HQ. The Mexican peso and the Japanese yen dropped about 1%. -Back home, for a better part of Tuesday's trading session, Monday's lows were in danger of being taken out as the Nifty made a low of 23,842 on Tuesday. Then came the rebound. The Nifty Bank was the one that triggered the upmove with a sharp recovery from the lows. The financial services expiry, coupled with oversold setups on the charts led to a major short-covering move on the indices. By the end of Tuesday's session, the Nifty was back above 24,200 and the Nifty Bank, after a 1,000-point move, was back above 52,200, having traded briefly below the mark of 51,000 in intraday trading. -All eyes are now on the United States, where the outcome of the Presidential Elections, which is among the most closely contested ones in recent times, will be known in just a few hours from know. Polls continue to show both Donald Trump and Kamala Harris in a neck-to-neck fight. Sometime later today, there should ideally be a clearer picture as to who has emerged as the winner to be the next President of the US. -Wednesday's trading session will not only be the weekly expiry of the Nifty Bank, that led the reversal during Tuesday's trading session, it will also see earnings reactions from both Dr. Reddy's and Titan, the two Nifty constituents that reported results after market hours on Tuesday. Earnings reactions will also come from stocks like GAIL, Oil India, Mankind Pharma, Manappuram Finance, Waaree Renewables, JK Tyre, Berger Paints, Balmer Lawrie, among others. -While there are Nifty results like Tata Steel, Power Grid on Wednesday, broader market names like Delta Corp, Endurance Technologies, Power Grid, RITES, Rain Industries,  Sonata Software, JSPL, Shipping Corporation, among others will also be reporting results. -In terms of commodities, oil was steady after a five-day run of gains as the market monitored a tight US presidential election and Hurricane Rafael menaced production in the Gulf of Mexico. West Texas Intermediate traded near $72 a barrel after rising 0.7% on Tuesday, with Brent crude closing below $76. Rafael is threatening about 1.7 million barrels a day of output in the US gulf, and Chevron Corp. has shut some oil and gas facilities in the area. Gold was also steady as investors monitored a tight US election that could prove massively consequential for financial markets. -GIFTNifty was off highs this morning trading at a discount of nearly 60 pts from Nifty Futures Tuesday close tracking US polls outcome, indicating a start in the red for the Indian market. Tune in to the Marketbuzz Podcast for more cues

An "impressive" 500 million tons/year of capacity for carbon capture utilization and sequestration (CCUS) projects in the United States are on the drawing board, designed to trap emissions from natural gas and oil projects. Those ambitions, though, have been tempered by uncertainties that include permitting challenges and public opposition. NGI's Carolyn Davis, managing editor of news, discussed the status of the domestic CCUS sector with Enverus Intelligence Research's CCUS expert Graham Bain, who leads the subsurface group for the energy transition team. The supermajors – including ExxonMobil, Chevron Corp., Equinor SA and TotalEnergies SE – are bankrolling several big projects, mostly in Louisiana and Texas. As Bain explained, if all the U.S. projects now in the queue were to be sanctioned, it would require an overall investment of $73 billion, with nearly one-half poured into carbon technologies and nearly one-third into carbon dioxide pipelines. The challenges are big, but the opportunities are too, he explains.

US equity markets settled narrowly mixed after a morning session rally for the semiconductor sector, spurred by solid quarterly results from the world's largest contract chipmaker, lost some steam - Dow rose +161-points or +0.37% to 43,239.05 to book its 39th record closing high of the year. American Express Co (up +1.46%) and Chevron Corp (+1.66%) were the leading performers in the 30-stock index.

US equity markets settled narrowly mixed after a morning session rally for the semiconductor sector, spurred by solid quarterly results from the world's largest contract chipmaker, lost some steam - Dow rose +161-points or +0.37% to 43,239.05 to book its 39th record closing high of the year. American Express Co (up +1.46%) and Chevron Corp (+1.66%) were the leading performers in the 30-stock index.The broader S&P500 dipped -0.02%, with Utilities (down -0.93%) leading six of the eleven primary sectors lower. Energy (up +0.4%) sat atop the primary sector leaderboard. Expedia Group Inc gained +4.75% after the Financial Times reported Uber Technologies Inc (down -2.44%) was considering a bid to buy the online travel company.

The Rich Zeoli Show- Hour 3: 5:05pm- At one point during Tuesday night's Vice-Presidential debate, moderators Norah O'Donnell and Margaret Brennan attempted to “fact check” J.D. Vance with inaccurate information. Vance corrected the moderators and also noted that all parties had agreed to not issuing real-time fact checks—CBS quickly responded by muting his microphone. During MSNBC's post-debate coverage, host Nicolle Wallace said that it was “mansplaining” and sexist for Vance to correct the moderators despite the fact they had broken the rules and were using misleading information. 5:10pm- Even Mainstream Media Believes Vance Won Debate. The New York Times Editorial Board—which endorsed Kamala Harris earlier this week—said they believe J.D. Vance won Tuesday's Vice-Presidential debate. Similarly, CNN's Abby Phillip said Vance successfully landed “a bunch of punches” on Tim Walz. NBC's Kristen Welker said she received text messages from “panicked” Democrats following Walz's performance. 5:15pm- On Wednesday, Department of Justice appointed Special Counsel Jack Smith filed a 165-page claim that former President Donald Trump is not immune from prosecution and that his actions following the 2020 presidential election were “private criminal conduct.” 5:30pm- Rich breaks ANOTHER studio microphone. According to our tally, this is at least the 3rd time in 2024. Will engineering kick him out of the building? 5:40pm- Biden Admin Empowers Venezuelan Dictator. The Wall Street Journal Editorial Board writes: “Treasury hasn't revoked its 2022 general license for Chevron Corp. to export oil from Venezuela. Chevron's production is generating more than $100 million a month in income to the Maduro regime. We don't usually say this, but Mr. Biden might listen to Illinois Sen. Dick Durbin. The Democrat has drafted legislation that he says would ‘immediately halt investment by United States persons in the energy sector of Venezuela until the legitimate results of the July 28, 2024, election are respected.'” You can read the full article here: https://www.wsj.com/opinion/joe-biden-venezuela-election-nicolas-maduro-edmundo-gonzalez-urrutia-dick-durbin-oil-sanctions-bb4041ac?mod=opinion_lead_pos4

US equity markets declined as a major escalation of the conflict in the Middle East and the spectre of a large labour strike at ports on the U.S. East Coast and Gulf Coast weighed on investor sentiment - Dow fell -173-points or 0.41%, snapping a three session winning streak that had lifted the 30-stock index to record highs. Intel Corp (down -3.28%) was the worst performing Dow component overnight, while Microsoft Corp (-2.23%) and Walt Disney Co (-2.22%) both fell over >2%. Boeing Co rose +1.43% following a Bloomberg report that the aerospace and defence giant is working with advisers to explore its options to bolster cash reserves depleted by a machinists strike, including issuing at least US$10B in new shares. Chevron Corp (up +1.65%) was the leading Dow component, tracking the latest rise in crude prices

US equity markets mixed on Friday (27 September) albeit tamer inflation figures lifted the Dow to a fresh record peak and buoyed small capitalisation stocks - Dow added +138-points or +0.33% to 42,313, booking its 32nd record close of 2024. Chevron Corp +2.46%.

US equity markets mixed on Friday (27 September) albeit tamer inflation figures lifted the Dow to a fresh record peak and buoyed small capitalisation stocks - Dow added +138-points or +0.33% to 42,313, booking its 32nd record close of 2024. Chevron Corp +2.46%.

US equity markets settled with modest declines as investors digested a busy corporate earnings calendar and eyed second quarter results from the first of the so-called “Magnificent Seven” of large capitalisation technology stocks after the closing bell - Dow slipped -57-points or -0.14%. Walt Disney Co (down -.39%) was the worst performer in the 30-stock index, while McDonald's Corp (-2.12%), Nike Inc (-1.95%) and Chevron Corp (-1.85%) were also notable underperformers. Boeing Co (up +4.24%) was the best performing Dow component overnight after receiving an additional airplane order from Qatar Airways.

US equity markets settled with modest declines as investors digested a busy corporate earnings calendar and eyed second quarter results from the first of the so-called “Magnificent Seven” of large capitalisation technology stocks after the closing bell - Dow slipped -57-points or -0.14%. Walt Disney Co (down -.39%) was the worst performer in the 30-stock index, while McDonald's Corp (-2.12%), Nike Inc (-1.95%) and Chevron Corp (-1.85%) were also notable underperformers. Boeing Co (up +4.24%) was the best performing Dow component overnight after receiving an additional airplane order from Qatar Airways.

US equity markets retreated as last week's artificial intelligence (AI) and semiconductor sell-off continued amid some tentative signs of a change in market leadership - Dow rose +261-points or +0.67%, with Amgen Inc (up +3.24%),  Chevron Corp (+2.60%) and Goldman Sachs Group Inc (+2.65%) all gaining over >2.5%.  Apple Inc added +0.31% despite the iPhone maker being charged by the European Union for failing to comply with a new digital-competition law. Meanwhile, The Wall Street Journal reported that Apple has held discussions with Meta Platforms Inc (+0.83%) about potentially integrating Meta's generative AI model into Apple Intelligence, the company's AI strategy for iPhones, iPads, and Macs.

US equity markets retreated as last week's artificial intelligence (AI) and semiconductor sell-off continued amid some tentative signs of a change in market leadership - Dow rose +261-points or +0.67%, with Amgen Inc (up +3.24%), Chevron Corp (+2.60%) and Goldman Sachs Group Inc (+2.65%) all gaining over >2.5%. Apple Inc added +0.31% despite the iPhone maker being charged by the European Union for failing to comply with a new digital-competition law. Meanwhile, The Wall Street Journal reported that Apple has held discussions with Meta Platforms Inc (+0.83%) about potentially integrating Meta's generative AI model into Apple Intelligence, the company's AI strategy for iPhones, iPads, and Macs.

US equity markets mixed after resuming trading following the Juneteenth holiday, with semiconductor stocks weighing on the Nasdaq - Dow gained +300-points or +0.77%. Salesforce Inc (up +4.31%) and Chevron Corp (+2.2%) were the leading performers in the 30-stock index. Amazon.com Inc +1.8% as Anthropic, the OpenAI competitor it backs, unveiled a more advanced version of its Claude chatbot.

US equity markets mixed after resuming trading following the Juneteenth holiday, with semiconductor stocks weighing on the Nasdaq - Dow gained +300-points or +0.77%. Salesforce Inc (up +4.31%) and Chevron Corp (+2.2%) were the leading performers in the 30-stock index. Amazon.com Inc +1.8% as Anthropic, the OpenAI competitor it backs, unveiled a more advanced version of its Claude chatbot.

US equity markets edged higher in choppy trading following some soft manufacturing data and with traders eying the non-farm payrolls report at the end of the week - Dow fell -115-points or -0.30%. Chevron Corp dropped -2.98%, tracking crude prices lower. Heavy industry stalwarts Dow Inc (down -2.71%) and Caterpillar Inc (-2.12%) retreated following some weak manufacturing data.

US equity markets edged higher in choppy trading following some soft manufacturing data and with traders eying the non-farm payrolls report at the end of the week - Dow fell -115-points or -0.30%. Chevron Corp dropped -2.98%, tracking crude prices lower. Heavy industry stalwarts Dow Inc (down -2.71%) and Caterpillar Inc (-2.12%) retreated following some weak manufacturing data.

US equity markets resumed trading on a mixed note following the Memorial Day long weekend, although Nvidia Corp continued to power ahead and push the Nasdaq to fresh record highs - Dow fell -217-points or -0.55%, paring an earlier decline of over >300-points. Healthcare names led the 30-stock index lower, with Merck & Co down -2.63%, Amgen Inc -1.85% and Johnson & Johnson -1.76%. Just seven stocks in the Dow finished in positive territory.  Chevron Corp rose +0.82% after its US$53B acquisition of Hess Corporation (+0.44%) was approved by the target's shareholders.

US equity markets resumed trading on a mixed note following the Memorial Day long weekend, although Nvidia Corp continued to power ahead and push the Nasdaq to fresh record highs - Dow fell -217-points or -0.55%, paring an earlier decline of over >300-points. Healthcare names led the 30-stock index lower, with Merck & Co down -2.63%, Amgen Inc -1.85% and Johnson & Johnson -1.76%. Just seven stocks in the Dow finished in positive territory. Chevron Corp rose +0.82% after its US$53B acquisition of Hess Corporation (+0.44%) was approved by the target's shareholders.

Sintana Energy CEO Robert Bose joined Steve Darling from Proactive to detailed the outcomes of their exploration campaign in Namibia, highlighting the discovery of oil across multiple horizons in the Mopane wells, with one well testing at a flow rate of 14,000 barrels per day. The estimated reserves exceed 10 billion barrels, positioning Mopane among the largest oil discoveries globally in recent decades. Bose also discussed the enhanced visibility and investor interest following these discoveries, noting a rise in trading volumes and stock response. The company also revealed that Chevron Namibia Exploration, an affiliate of Chevron Corp., has entered into an agreement to join Petroleum Exploration License 82 (PEL 82). Under the agreement, Chevron assumes an 80% working interest and operatorship, while NAMCOR and Custos Energy each retain a 10% carried interest in PEL 82. Sintana, with an indirect 49% interest in Custos, maintains a strategic position within the license. Bose emphasized the expanding partnership with Chevron as a testament to the quality of Sintana's Namibian portfolio, highlighting the timeliness of the entry into PEL 82 and the portfolio's unmatched potential as Namibia emerges as a significant hydrocarbon province. Additionally, Sintana has entered into a definitive agreement with Crown Energy for the acquisition of up to 67% of Giraffe Energy and its 33% interest in Petroleum Exploration License 79 (PEL 79). This acquisition provides Sintana with an attractive entry into a high-impact license with substantial upside potential, further expanding its exposure to Namibia's Orange Basin, which is gaining recognition as a prominent hydrocarbon province. PEL 79 presents a unique opportunity for Sintana, as it is one of the last remaining licenses not operated by a private operator. The acquisition underscores Sintana's commitment to strategically positioning itself in promising exploration areas, poised for significant growth and value creation. #proactiveinvestors #sintanaenergyinc #tsxv #sei #otcqb #seusf #OilExploration, #NamibiaOil, #MopaniWell, #OilDiscovery, #EnergySector, #OffshoreDrilling, #OilReserves, #ChevronPartnership, #WalvisBasin, #OrangeBasin, #GiraffeEnergyAcquisition, #NamibianOil, #InvestorInterest, #StockMarket, #OilAndGasIndustry, #CorporateExpansion, #GlobalOilDiscoveries, #ResourceDevelopment, #StrategicPartnerships #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

US equity markets retreated, extending losses in the final hour of trading as wage growth data dealt another blow to the Federal Reserve in its fight against inflation ahead of the central bank concluding its two-day monetary policy meeting tomorrow morning AEST - Dow fell -570-points or -1.49%, the largest one-day percentage decline for the 30-stock index since March 22, 2023. Economic bellwether Caterpillar Inc dropped -4.35%, while Boeing Co (-3.26%), Chevron Corp (-3.04%) and Microsoft Corp (-3.21%) fell over >3%. Walmart Inc fell -1.48% after announcing it was abandoning its push into low-cost health centres amid mounting costs.

US equity markets retreated, extending losses in the final hour of trading as wage growth data dealt another blow to the Federal Reserve in its fight against inflation ahead of the central bank concluding its two-day monetary policy meeting tomorrow morning AEST - Dow fell -570-points or -1.49%, the largest one-day percentage decline for the 30-stock index since March 22, 2023. Economic bellwether Caterpillar Inc dropped -4.35%, while Boeing Co (-3.26%), Chevron Corp (-3.04%) and Microsoft Corp (-3.21%) fell over >3%. Walmart Inc fell -1.48% after announcing it was abandoning its push into low-cost health centres amid mounting costs.

US equity markets retreated after major U.S. bank results failed to impress, capping a week marked by market-moving inflation data, evolving expectations for U.S. Federal Reserve policy, and escalating geopolitical tensions - Dow shed -476-points or -1.24% after falling as much as -582-points or -1.51% earlier in the session. Chevron Corp -1.81% after Hess, which it has agreed to acquire, warned arbitration with ExxonMobil over Guyanese oilfield assets could push the acquisition into 2025.

US equity markets retreated after major U.S. bank results failed to impress, capping a week marked by market-moving inflation data, evolving expectations for U.S. Federal Reserve policy, and escalating geopolitical tensions - Dow shed -476-points or -1.24% after falling as much as -582-points or -1.51% earlier in the session. Chevron Corp -1.81% after Hess, which it has agreed to acquire, warned arbitration with ExxonMobil over Guyanese oilfield assets could push the acquisition into 2025.

US equity markets retreated following a stronger-than-expected March inflation report that prompted federal-funds futures markets to quickly price out rate cuts for the Federal Reserve's June and July monetary policy meetings - Dow shed -422points or -1.09%, with Home Depot Inc (down -3.00%) and Intel Corp (-2.95%) falling ~3%. Boeing Co fell -1.96% a day after the New York Times reported a whistleblower raised concerns about the safety of its Dreamliner 787s. On the positive side of the ledger,  Walmart Inc (up +1.39%) was the strongest performer in the 30-stock index, while Chevron Corp (+0.41%) logged a record closing high (US$162.67).

In this episode of the Energy News Beat Daily Standup, hosts Michael Tanner and Stuart Turley discuss significant headlines from Ceraweek and the energy sector. They highlight big oil executives pushing back against rapid energy transition calls, noting the challenges and uncertainties surrounding it. They also discuss the potential retirement of coal capacity in PJM without replacement, Biden administration's consideration of hastening coal power plant closures, Daniel Yergin's critique of the energy transition discourse, and ExxonMobil's stance on acquiring Hess amid a Chevron dispute. Additionally, they touch upon TotalEnergies' unexpected acquisition in the Eagle Ford Shale to support LNG terminal operations. Throughout, they analyze market trends, oil prices, and geopolitical impacts, emphasizing the complexities and dynamics within the energy landscape.Highlights of the Podcast00:00 - Intro01:56 - CERAWEEK-BIG OIL EXECUTIVES PUSH BACK AGAINST CALLS FOR FAST ENERGY TRANSITION04:44 - Up to 58 GW faces retirement in PJM by 2030 without replacement capacity in sight: market monitor06:45 - Biden officials mull quicker death for US coal power plants08:52 - Energy guru Daniel Yergin: «I'm sick of the energy transition discussion»10:53 - Markets Update12:54 - Oil rises to multi-month highs on Russian supply concerns14:34 - ExxonMobil has “no interest” in Hess purchase amidst Chevron dispute, CEO says17:01 - CERAWEEK: TotalEnergies to acquire upstream position in Eagle Ford Shale19:10 - OutroPlease see the links below or articles that we discuss in the podcast.CERAWEEK-BIG OIL EXECUTIVES PUSH BACK AGAINST CALLS FOR FAST ENERGY TRANSITIONMarch 19, 2024 Mariel AlumitHOUSTON, March 18 (Reuters) – Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost […]Up to 58 GW faces retirement in PJM by 2030 without replacement capacity in sight: market monitorMarch 19, 2024 Mariel AlumitAbout 24 GW to 58 GW of thermal resources — or 12% to 30% of the PJM Interconnection's installed capacity — are at risk of retiring by 2030 without a clear source of replacement generation, […]Biden officials mull quicker death for US coal power plantsMarch 19, 2024 Mariel AlumitU.S. coal-fired power plants could be forced to shut down two years sooner than envisioned under a Biden administration plan to stifle pollution from the electricity sector. The potential change being seriously considered now by […]Energy guru Daniel Yergin: «I'm sick of the energy transition discussion»March 19, 2024 Mariel AlumitAt the COP28 climate summit in Dubai, countries committed themselves for the first time to moving away from oil, gas and coal. According to the International Energy Agency, demand for fossil fuels is set to […]Oil rises to multi-month highs on Russian supply concernsMarch 19, 2024 Mariel AlumitNEW YORK, March 19 (Reuters) – Oil prices rose to multi-month highs for the second straight session on Tuesday as traders assessed how Ukraine's recent attacks on Russian refineries would affect global petroleum supplies. U.S. […]ExxonMobil has “no interest” in Hess purchase amidst Chevron dispute, CEO saysMarch 19, 2024 Mariel Alumit(Bloomberg) – The boss of Exxon Mobil Corp. said Monday that it has no interest in buying Hess Corp. outright, despite taking Chevron Corp. to arbitration over its proposed $52 billion merger with the other […]CERAWEEK: TotalEnergies to acquire upstream position in Eagle Ford ShaleMarch 19, 2024 Mariel AlumitGlobal energy company TotalEnergies is expanding in the US shale patch with an upstream acquisition in the Eagle Ford of South Texas, chairman and CEO Patrick Pouyanné said March 18. “We are willing to integrate […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

The Indiscriminate News Network: Unveiling the Energy ChessboardPower Plays in the Iraqi Oil ArenaWelcome, global citizens, to another riveting episode of The Indiscriminate News Network. I'm Jason, your geopolitical navigator, and today, we're diving into the high-stakes game of energy diplomacy. Buckle up, because this isn't your average oil spill.The White House PreludeJason: Picture this: the White House buzzes with anticipation. Prime Minister Mustafa al-Kadhimi, Iraq's seasoned chess player, steps onto the grand stage. His mission? To fortify Iraq's energy independence from Iran. And guess who's waiting in the wings? Five U.S. firms—Chevron Corp, Honeywell International Inc, Baker Hughes Co, General Electric Co, and Stellar Energy. They've inked agreements worth a staggering $8 billion with Iraq's ministers of oil and electricity.So, how does this energy ballet unfold?Segment 2: The Energy GambitJason: Let's decode the moves:Chevron Corp: Their playbook? Boost Iraq's oil production. Think pipelines, refineries, and black gold flowing like poetry.Honeywell International Inc: They're whispering smart grids, efficient power plants, and a dash of futuristic magic.Baker Hughes Co: Their drill bits? Like wands—tapping into Iraq's untapped reserves.General Electric Co: Picture turbines spinning, lighting up Baghdad's nights. They're the wizards of electricity.Stellar Energy: Their secret? Solar panels shimmering in the desert sun. Clean energy, meet ancient sands.But why Iraq? Because it's more than oil—it's a geopolitical chessboard.The Al-Kadhimi GambitPrime Minister al-Kadhimi strides into the White House, his pawns—oil prices, lockdowns, and protests—weighing heavy. His gambit? To reshape Iraq's destiny. And U.S. Energy Secretary Dan Brouillette? He's the oracle, predicting Iraq's energy future. His words echo: “Empowerment breeds expertise.”The Hidden MovesJason: But wait, there's more. Behind closed doors, whispers of national security dance with economic collaboration. Iraq's economy, battered by storms, seeks refuge. And these U.S. firms? They're not just selling widgets; they're weaving destiny.The Energy CheckmateSo, fellow strategists, watch the energy currents. Iraq's oil wells—once battlegrounds—are now bridges. And as al-Kadhimi leaves the White House, he carries more than contracts. He carries hope, sovereignty, and a nation's heartbeat.Until next time, this is Jason from The Indiscriminate News Network, signing off. Keep your eyes on the energy horizon, and may your moves be as calculated as a grandmaster's.-JasonTo Help Support this podcast use any of the links belowPay Pal DonationVenmo - @jason-Stclair-09262CashApp - $stclair316

This Day in Legal History: Racially-Integrated Bus Service Begins in MontgomeryOn this day in legal history, December 21st, we spotlight a pivotal moment in the civil rights movement: the start of racially-integrated bus service in Montgomery, Alabama. On December 21, 1956, a significant change unfolded in the streets of Montgomery as buses began operating under a new, integrated system. This historic shift came after enduring federal court rulings that conclusively terminated the practice of on-board segregation.The genesis of this transformative moment can be traced back to the courageous efforts of the African American community in Montgomery. Their resilience was epitomized in the Montgomery Bus Boycott, a protest sparked by Rosa Parks' refusal to give up her seat to a white passenger. This boycott, lasting over a year, was a strategic and peaceful defiance against segregation and racial injustice.Two key figures in this historic change were Rev. Dr. Martin Luther King Jr. and Rev. Ralph Abernathy. As prominent leaders of the bus boycott, they symbolized the relentless struggle for equality and justice. On that significant day, they were among the first to ride the buses under the newly implemented integrated service.The Montgomery Bus Boycott and the subsequent integration of the bus service marked a crucial victory in the civil rights movement. It not only challenged and changed segregation laws but also galvanized the fight for civil rights across the United States. This event is a testament to the power of collective action and the enduring pursuit of equality.The legacy of December 21, 1956, continues to resonate as a reminder of the long and ongoing journey towards racial equality. It stands as a beacon of hope and a symbol of the enduring spirit of resistance against injustice. Today, we remember and honor this monumental day in legal history, a day that forever changed the fabric of American society.The U.S. Supreme Court, reshaped by former President Donald Trump, is set to confront a series of cases that could significantly impact the 2024 presidential election. Central to these cases is Trump's role in the events leading up to the January 6, 2021, attack on the Capitol, where his supporters attempted to obstruct the certification of Joe Biden's victory. These cases mark the Supreme Court's most politically charged involvement in elections since the decisive 2000 ruling in favor of George W. Bush.Erwin Chemerinsky, dean of UC Berkeley Law School, highlights the unprecedented potential of the court to influence the upcoming election, particularly regarding Trump's ballot eligibility and the progression of his federal criminal prosecution. Amidst a conservative shift in American law, the court's approach to these cases is closely watched, especially after recent rulings on key issues like abortion and gun rights.A pivotal moment is Trump's vow to challenge a Colorado court ruling disqualifying him from the state's primary ballot. The outcome of this appeal could set a precedent for similar challenges in other states. Currently, Colorado is the only state among 32 to disqualify Trump based on the 14th Amendment, which prohibits those involved in insurrection from holding federal office. The Supreme Court's decision in the Colorado case could influence similar efforts nationwide, with Michigan, a politically critical state, also considering a related case.Leah Litman, a law professor at the University of Michigan, underscores the high stakes of these disputes for democracy, particularly in their implications for upholding the peaceful transition of power.The court is also entangled in criminal cases against Trump. Special Counsel Jack Smith has requested the court to rule on Trump's claim of immunity from prosecution for actions related to his 2020 election defeat. Additionally, the court will decide if obstruction charges related to the January 6 assault are applicable, which could affect Trump, who faces similar charges.Trump, facing four criminal prosecutions, has pleaded not guilty in all cases. His legal team may soon seek Supreme Court intervention in a defamation lawsuit by E. Jean Carroll. Despite the court's conservative leaning, experts like Stanford Law's Michael McConnell do not anticipate bias in favor of Trump, even though the legal issues are more nuanced than in post-election litigation.Trump legal clashes reach US Supreme Court as 2024 election nears | ReutersA U.S. federal judge has temporarily blocked a California law set to ban the carrying of guns in most public places from January 1. U.S. District Judge Cormac Carney, of the Central District of California, issued a preliminary injunction stating that the law would unconstitutionally deprive concealed carry permit holders of their Second Amendment right to carry a handgun in public for self-defense. He described the law as "sweeping" and "repugnant to the Second Amendment."California Attorney General Rob Bonta expressed intentions to appeal the decision, arguing that if the ruling stands, it would put communities at risk by allowing guns in areas frequented by families and children. Governor Gavin Newsom criticized the decision, voicing concerns about the proliferation of guns in sensitive areas like hospitals, libraries, and playgrounds.The law, signed in September, aimed to prohibit concealed firearms in 26 types of "sensitive places," including hospitals, playgrounds, and places of worship. Judge Carney's ruling pointed out that the law would turn almost every public place in California into a 'sensitive place,' effectively negating the Second Amendment rights for law-abiding citizens to defend themselves in public.The Second Amendment's interpretation has long been debated in the U.S., especially with gun violence being a leading cause of death among children since 2020. Judge Carney referenced recent Supreme Court rulings that have expanded gun rights, stating that individuals must be able to exercise their right to self-defense, including bearing arms responsibly.Chuck Michel, president of the California Rifle & Pistol Association, which filed the lawsuit, argued that the state's politicians are refusing to accept Supreme Court rulings that uphold gun carrying rights. Michel hailed the court's decision as a recognition of the state's overreach in gun control measures.US federal judge blocks California law barring guns in public | ReutersIn 2023, global mergers and acquisitions (M&A) activity dropped to its lowest point in a decade, influenced by high interest rates and economic slowdowns. The total M&A volume fell 18% to around $3 trillion, the lowest since 2013. Dealmakers attribute this decline to increased financing costs for acquisitions and economic uncertainties making price agreements challenging.Despite the downturn, experts foresee a rebound in M&A activity. In the United States, M&A volumes decreased by 8% to $1.42 trillion, while Europe and the Asia Pacific regions saw sharper declines. Private equity-led buyout volumes globally also fell by 38%. However, the fourth quarter of the year showed a 19% increase in deal volumes, mainly driven by significant transactions in the oil and gas industry, including Exxon Mobil's $60 billion acquisition of Pioneer Natural Resources and Chevron Corp's $53 billion purchase of Hess Corp.The report highlights the challenges in deal-making due to a tough antitrust environment and lengthy regulatory reviews, especially for cross-border deals. The uncertainty of regulatory regimes due to upcoming elections in the U.S. and India may also affect M&A activities. However, corporate buyers are expected to continue their strategic M&A planning.Shareholder activism is rising, potentially driving more M&A activity. M&A advisers are optimistic, noting a more robust pipeline of deals for 2024 compared to the previous year. This optimism is echoed by Jim Langston of Cleary Gottlieb Steen & Hamilton, who notes an acceleration in market confidence and active transaction dialogues.Dealmakers see rebound after global M&A volumes hit decade-low | ReutersNasdaq Inc.'s rules requiring listed companies to have diverse boards or explain their absence will take effect by December 31, following the Securities and Exchange Commission's (SEC) approval in 2021. These regulations, surviving a legal challenge from two conservative groups in the US Court of Appeals for the Fifth Circuit, are based on the premise that board diversity information is significant to investors.Companies must now include at least one board member who is a woman, belongs to an underrepresented minority, or identifies as LGBTQ+, or publicly explain non-compliance. Nasdaq's definition of underrepresented minorities includes various racial and ethnic groups. Exceptions are provided for newly listed companies and those with small boards.By the end of 2025, companies on Nasdaq's Global or Global Select market tiers must have at least two diverse directors—one being a woman and the other from an underrepresented minority or LGBTQ+ community. Smaller firms have until 2026 to meet this requirement. Companies with small public floats or revenues can satisfy this with two female directors, regardless of minority or LGBTQ+ status. Foreign companies and smaller boards have more lenient requirements.Since 2022, companies have disclosed board demographics using Nasdaq's diversity matrix. However, a Bloomberg Law analysis observed a decrease in boards with women and minority or LGBTQ+ directors from 2022 to 2023.The Fifth Circuit could still overturn these rules if the full court decides to review the decision by the three-judge panel, which was composed of judges appointed by Democratic presidents. The majority of judges on the full court are appointed by Republicans.Non-compliant companies will receive a grace period from Nasdaq's Listing Qualifications Department. Persistent non-compliance could lead to delisting, subject to an appeal to a Nasdaq hearings panel.Contested Nasdaq Board Diversity Rules Take Effect: Explained Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

In this episode of the Energy News Beat Daily Standup - Weekly Recap, hosts Michael Tanner and Stuart Turley discuss various topics from the energy sector. They cover issues such as the shadow fleet of old tankers, the COP 28 conference, the challenges of OPEC and OPEC+ members exceeding production quotas, and the energy investing hypocrisy of BlackRock and Bill Gates. They also touch on the potential grid reliability issues resulting from the shutdown of the Brandon Shores coal plant in Maryland and the geopolitical tensions around the U.S., German, Russo-Japanese connections. Other topics include Chevron's optimism and caution in the Venezuelan-Guyanese border dispute and a breakthrough in oil sands technology by Terry Etam that could triple value and reduce emissions. The hosts express concerns about the lack of investment in such promising technologies and advocate for a more comprehensive approach to energy solutions.Highlights of the Podcast00:00 – Intro01:40 - Russia's Shadow Fleet – 24 min Bloomberg Video – “Ships acquired by “We don't know who; and insured by who knows?”04:16 - We no longer need the Cop circus – technology and markets are already solving the climate crisis06:35 - Major grid operator warns legal agreement to shutter coal plant will devastate electric reliability11:16 - The Geopolitical Problem of the US—a German-Russo-Japanese Connection13:14 - Chevron CEO cautiously optimistic on Venezuelan-Guyanese border dispute, downplays military conflict risks17:00 - Bitumen beyond combustion: how to triple oil sands value, reduce emissions, and create an advanced material industry for 2% of a battery plant's subsidies20:00 - OutroPlease see the links below for articles that we discuss in the podcast.Russia's Shadow Fleet – 24 min Bloomberg Video – “Ships aquired by “We don't know who; and insured by who knows?”ENB Pub Note: Michael and I have talked about the “Shadow Fleet” for several years. Iran had been ahead of Russia in avoiding sanctions, but both have successfully made the United States irrelevant after the […]We no longer need the Cop circus – technology and markets are already solving the climate crisisENB Pug Note: The author from the Telegraph raises some interesting points about the COP Circus. I agree that the baton has been passed to big oil and that money is now available for green […]Major grid operator warns legal agreement to shutter coal plant will devastate electric reliabilityA major power grid operator that oversees electricity supplies across the mid-Atlantic repeated its warning that the looming shutdown of a coal-fired power plant in Baltimore will threaten the region's grid reliability and may have devastating impacts […]The Geopolitical Problem of the US—a German-Russo-Japanese ConnectionENB Pub Note: George McMillan III, ENB Contributor, and geopolitical energy expert, wrote this article. He was on an earlier podcast where we covered a fantastic global overview, and are tracking around the world in […]Chevron CEO cautiously optimistic on Venezuelan-Guyanese border dispute, downplays military conflict risks(Bloomberg) — The border dispute between Venezuela and Guyana is unlikely to escalate into a military conflict despite the growing hostile rhetoric between the South American nations, says Chevron Corp.'s top executive. “These things are […]Bitumen beyond combustion: how to triple oil sands value, reduce emissions, and create an advanced material industry for 2% of a battery plant's subsidiesWhat if some phenomenally large energy/materials breakthroughs were right here in front of us, vastly more accessible than experimental aspirations, but held back by an image problem? To help ponder that question, it is necessary […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

In this episode of the Energy News Beat Daily Standup, hosts, Michael Tanner and Stuart Turley discuss various energy-related topics. They cover the House passing a bill barring imports of Russian uranium for nuclear power, the Greens' reaction to the fossil fuel phaseout being dropped from the proposed climate deal, and the geopolitical concerns surrounding a German Russo Japanese connection. The hosts also touch on Chevron's CEO expressing cautious optimism on the Venezuelan-Guyana border dispute and its potential impact on the oil market. In the finance segment, they analyze the recent drop in oil prices, the API crude oil inventory estimates, and the overall market trends. The episode provides insights into the complex dynamics of the energy industry, geopolitical issues, and their financial Highlights of the Podcast00:00 – Intro02:47 - House passes bill barring imports of Russian uranium for nuclear power05:18 - Greens erupt as fossil fuel ‘phaseout' is dropped from proposed climate deal07:42 - The Geopolitical Problem of the US—a German-Russo-Japanese Connection10:06 - Chevron CEO cautiously optimistic on Venezuelan-Guyanese border dispute, downplays military conflict risks14:00 - Markets Update14:28 - Oil falls more than 3% on softening demand, oversupply concerns17:06 - OutroPlease see the links below for articles that we discuss in the podcast.House passes bill barring imports of Russian uranium for nuclear powerThe House on Monday passed legislation that would bar imports of Russian uranium for nuclear power plants. The measure was passed by a voice vote with bipartisan support. Ahead of the voice vote, Republican Rep. Cathy […]Greens erupt as fossil fuel ‘phaseout' is dropped from proposed climate dealDUBAI, United Arab Emirates — The prospect of a deal to end fossil fuels faded on Monday in the oil-rich United Arab Emirates, when organizers of the U.N. climate summit released a draft proposal that […]The Geopolitical Problem of the US—a German-Russo-Japanese ConnectionENB Pub Note: George McMillan III, ENB Contributor, and geopolitical energy expert, wrote this article. He was on an earlier podcast where we covered a fantastic global overview, and are tracking around the world in […]Chevron CEO cautiously optimistic on Venezuelan-Guyanese border dispute, downplays military conflict risks(Bloomberg) — The border dispute between Venezuela and Guyana is unlikely to escalate into a military conflict despite the growing hostile rhetoric between the South American nations, says Chevron Corp.'s top executive. “These things are […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

In this episode of the Energy News Beat Daily Standup - Weekly Recap, hosts Michael Tanner and Stuart Turley discuss key energy news topics. They cover the EPA's final rule for oil and natural gas operations, criticizing it for imposing onerous regulations that may harm the industry. The hosts highlight the hypocrisy of COP28, pointing out China's increasing carbon footprint and the inadequacy of the commitments made. They also discuss Chevron and Exxon opting out of funding the COP28 Methane Reduction Fund, applauding them for not wanting to contribute to a fund controlled by competitors. The podcast includes a humorous clip addressing the absurdity of blaming the oil and gas industry for the climate crisis, followed by Texas Commissioner Wayne Christian slamming Biden's methane rules for exacerbating inflation and making everyday items more expensive. Overall, the hosts express frustration with the current regulatory environment and advocate for a more balanced approach to energy policies.Highlights of the Podcast00:00 - Intro01:35 - EPA's Final Rule for Oil and Natural Gas Operations Will Sharply Reduce Methane and Other Harmful Pollution.06:45 - US commits to shutting down its coal plants during COP28 – US Consumers Thrown Out With The Bath Water09:15 - COP28 president claims there is ‘no science' behind calls to phase out fossil fuels – Guardian10:57 - Chevron, Exxon opt out of funding COP28 methane-reduction fund13:35 - Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity'15:18 - Loud fart sound erupts during John Kerry's speech at climate panel16:46 - Texas commissioner slams Biden's “onerous” methane rules that increase oil, gas prices18:58 - OutroPlease see the links below for articles that we discuss in the podcast.EPA's Final Rule for Oil and Natural Gas Operations Will Sharply Reduce Methane and Other Harmful Pollution.ENB Pub Note: We will review these regulations and report on the first-, second-, and third-order magnitude impacts. EPA has issued a final rule that will sharply reduce emissions of methane and other harmful air […]US commits to shutting down its coal plants during COP28 – US Consumers Thrown Out With The Bath WaterENB Pub Note: Make no mistakes; The Biden Administration has absolutely committed to blackouts and not taking care of the U.S. Citizens. China has increased it's carbon footprint 220% while the US lowered theirs 20% […]COP28 president claims there is ‘no science' behind calls to phase out fossil fuels – GuardianThe UAE's Sultan Ahmed Al Jaber reportedly says gradual cuts in oil, gas and coal use would ‘take the world back into caves' The president of the COP28 climate conference, Sultan Ahmed Al Jaber, has […]Chevron, Exxon opt out of funding COP28 methane-reduction fund(Bloomberg) — Six major oil companies each contributed tens of millions of dollars to a grant fund meant to help state-owned rivals cull the release of super-warming methane emissions, but Chevron Corp. and Exxon Mobil […]Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity'The chief executive of UAE-based energy firm Crescent Petroleum said Tuesday that blaming the oil and gas industry for the climate crisis “is like blaming farmers for obesity.” The burning of coal, oil and gas […]Loud fart sound erupts during John Kerry's speech at climate panelThe Biden administration's climate envoy was discussing US policy on coal power plants at the Climate Change Conference in Dubai on Sunday when Kerry may have unleashed a burst of wind energy. The former secretary […]Texas commissioner slams Biden's “onerous” methane rules that increase oil, gas pricesAUSTIN – Railroad Commissioner Wayne Christian issued a statement regarding new onerous methane rules proposed by the Biden administration's Environmental Protection Agency (EPA). “While costs for hard-working Americans are up nearly $11,000 this year everywhere from the […] Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

In this episode of the Energy News Beat Daily Standup, hosts Michael Tanner and Stuart Turley discuss various energy-related topics. They highlight Chevron and Exxon opting out of funding the Cop 28 Methane Reduction Fund, emphasizing the challenge of achieving significant contributions. The show covers the surge in copper prices due to risks and shortfalls in Panama mines, impacting the minerals market. The discussion also delves into the high repair costs of electric vehicles (EVs) compared to traditional cars, attributing it to the complexity of EVs and the scarcity of repair expertise. The hosts touch on Germany's economic struggles due to high energy costs and conclude with a graphic illustrating the challenges of the global energy transition, emphasizing the need for collaboration and realistic solutions.Highlights of the Podcast00:00 - Intro02:36 - Chevron, Exxon opt out of funding COP28 methane-reduction fund05:18 - Copper climbs to 11-week high on Panama mine risk, shortfall07:58 - Why Repairing Your EV Is So Expensive11:06 - Germany is the sick man of Europe – and the prognosis is grim13:20 - The Dangerous Futility of the Energy Transition in a Single Graphic16:26 - Markets Update19:40 - OutroPlease see the links below for articles that we discuss in the podcast.Chevron, Exxon opt out of funding COP28 methane-reduction fund(Bloomberg) — Six major oil companies each contributed tens of millions of dollars to a grant fund meant to help state-owned rivals cull the release of super-warming methane emissions, but Chevron Corp. and Exxon Mobil […]Copper climbs to 11-week high on Panama mine risk, shortfallCopper advanced to the highest level in 11 weeks on concerns over the looming shutdown of a large mine in Panama and amid expectations of a widening ore supply deficit in 2024. The Panama government has […]Why Repairing Your EV Is So ExpensiveElectric-vehicle owners are finding a surprising downside to their new wheels: They tend to be expensive to repair after a crash. When Scott MacFiggen's neighbor backed into his Rivian R1T pickup truck last summer, the […]Germany is the sick man of Europe – and the prognosis is grimFew countries are more aware than Germany of how important it is to keep public finances in order. But few countries have indulged in more creative accounting. As Germany's highest court ruled current spending plans […]The Dangerous Futility of the Energy Transition in a Single GraphicDuring the 1980s-2000s, the U.S. and Europe intentionally transferred their manufacturing and industrial sectors to China. Since 2015, we have been intentionally transferring our energy security to China. The chart below illustrates the utter futility […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

Happy Tuesday to our automotive community as we unpack GM's financial turbulence amidst the UAW strikes. We also dive into the alarming rise in subprime car loan delinquencies as well as Chevron's big move in acquiring Hess Corp.GM has pulled back its 2023 profit and EV production projections. The ongoing UAW strikes are costing the automaker a hefty $200 million each week this October.GM's Q3 net income dropped by 7.3%, standing at $3.06 billion, though revenues rose by 5.4% to reach $44.1 billion.UAW strikes have cost GM $800 million combined for Q3 and Q4 thus far.Amidst the cautious market environment, GM is reevaluating its EV strategy, prioritizing profit margins over strict sales volume targets.GM is stepping away from its aim to produce 400,000 EVs from 2022 to mid-2024. The new primary focus is to reach 1 million EVs by the end of 2025.Subprime borrowers are increasingly defaulting on auto loans, marking the highest delinquency rates in nearly 30 years. Economic challenges, including interest rate hikes and an uncertain job market, have made newer loans more burdensome for many, signaling distress in consumer spending patterns.September's delinquency rate for subprime auto loans hit 6.11%, the highest since 1994, as per Fitch Ratings.Factors like higher car prices, elevated borrowing costs, and Federal Reserve's stance on rates contribute to the issue.Repo rates are on the rise, with Cox Automotive projecting 1.5 million vehicle seizures this year.Borrowers face high interest rates based on credit scores, with some rates reaching 21.38% for used cars.Economic pressures have also led to challenges in the job market, with many struggling to meet auto loan payments.US oil producer Hess Corp, originally founded by Leon Hess, has been acquired by Chevron Corp in a deal spearheaded by Leon's son, John Hess. The all-stock transaction values Hess at $171 per share. Post-acquisition, John Hess, the longstanding CEO of Hess Corp, is slated to join Chevron's board and has expressed intentions to retain the family's stake in the company.Hess Corp's inception traces back to Leon Hess's buying a secondhand truck during the depression and delivering fuel oil during the depression. The company's current sale to Chevron values the Hess family's stake at approximately $5 billion.Once the deal is closed, John Hess, Leon Hess's son, who has held the CEO position at Hess since 1995, is expected to join the Chevron Board John Hess, alongside family trusts and members, holds 29.2 million shares in Hess Corp.Dividends for Hess shareholders will see a jump from the current $1.75 to $6.50 a share next year.Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

Chevron Corp. CEO Mike Wirth and Hess Corp. CEO John Hess discuss the $53 Billion deal to combine the two oil companies. They speak with Bloomberg's Alix Steel.See omnystudio.com/listener for privacy information.

Daily Standup Top Stories Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in ViewMarch 5, 2023 Allen SantosAs Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP Plc, made a startling admission: He thought that oil demand might never return to its pre-pandemic peak. But recently, Looney has […]Chevron boosts annual share buyback, hikes US spendingMarch 5, 2023 Allen SantosHOUSTON (Reuters) – Oil major Chevron Corp on Tuesday raised its share buyback program and reaffirmed its production guidance of more than 3% annual growth by 2027, while increasing spending in the United States. Chevron increased […]Opinion: BP's Beyond Petroleum rolls back climate ambitions, sends …March 5, 2023 Allen SantosBP, the former British Petroleum, desperately wants to be a good environmental citizen – but not just yet. Last month, the company rolled back its climate ambitions. Shareholders who love oil-soaked profits sent BP BP-N shares soaring. Shell SHEL-N, […]Russia set to Mothball Damaged Nord Stream Gas PipelinesMarch 4, 2023 Allen Santos​ Nord Stream pipelines ruptured by blasts in September Sources say both lines will be conserved to prevent degradation Investigation into blasts continuing Russian gas exports outside ex-USSR almost halved last year This content was […]Subsea7, Siem Offshore, and Kongsberg take aim at floating offshore wind – Will this impact more Whale deaths?March 3, 2023 Allen SantosENB Note: Will Whales be impacted? Home Offshore wind Subsea7, Siem Offshore, and Kongsberg take aim at floating offshore wind Subsea7, Siem Offshore, and Kongsberg Maritime have signed a Memorandum of Understanding to jointly look […]Power Shortages Coming Soon To America – A “Balanced Diet of Power” could stop the crisisMarch 4, 2023 Allen SantosA balanced diet of Power” could stop the crisis Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Existing power plants are projected to retire at a faster pace than installations of new units, […]Residents Told To Shelter In Place After Norfolk Southern Freight Train Derails In OhioMarch 5, 2023 Allen SantosAnother Norfolk Southern freight train has derailed in Ohio. “The Clark County Emergency Management Agency is asking residents within 1,000 feet of a train derailment at Ohio 41 near the Prime Ohio Business Park to […] Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsPopular Energy News Beat StoriesSubsea7, Siem Offshore, and Kongsberg take aim at floating offshore wind - Will this impact more Whale deaths?Daily Energy Standup Episode #59 -Gov Newsom is not an energy racist - He destroys fossil and renewable equally. Africa gets it in the drive-through, Alex Epstein gives us insight to Biden's energy policies.ENBEnergy DashboardENB PodcastENB Substack

The Biden administration is preparing to scale down sanctions on Venezuela's authoritarian regime to allow Chevron Corp to resume pumping oil there, paving the way for a potential reopening of U.S. and European markets to oil exports from Venezuela, according to people familiar with the proposal.But, why would the United States of America do this?Rumble - https://rumble.com/user/ownershipeconomy Podcast - https://jsk.transistor.fm ★ Support this podcast on Patreon ★

In the first hour of The Vince Coglianese Show, Vince speaks with Joe DiGenova about his thoughts on the breaking news that Federal Agents see chargeable tax and gun-related offenses committed by Hunter.  Vince speaks with Michael Bastasch, Editor in Chief of The Daily Caller News Foundation about Biden preparing to scale down sanctions on Venezuala's authoritarian regime to allow Chevron Corp. to resume pumping oil there. For more coverage on the issues that matter to you visit www.WMAL.com, download the WMAL app or tune in live on WMAL-FM 105.9 from 3-6pm.  To join the conversation, check us out on social media: @WMAL @VinceCoglianese See omnystudio.com/listener for privacy information.

Supreme Court Justice Samuel Alito spoke at Notre Dame in Rome and used that opportunity to mock people who disagree with the overturn of Roe V. Wade. Exxon Mobil Corp and Chevron Corp, the United States's two major oil companies made $1 billion in their last quarter. Trader Joe's employees have made the first push to unionize with a vote. Fox News's Greg Gutfeld promises a ‘real insurrection' if student loans are cut. Meta has just released a promo of Mark Zuckerberg and Neil DeGrasse Tyson hanging out virtually in space.Hosts: John Iadarola, Ramesh Srinivasan, Jessica Burbank***The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/joinSUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturksFACEBOOK: ☞ http://www.facebook.com/TheYoungTurksTWITTER: ☞ http://www.twitter.com/TheYoungTurksINSTAGRAM: ☞ http://www.instagram.com/TheYoungTurksTWITCH: ☞ http://www.twitch.com/tyt

The Battle for Ukraine's Mariupol. Rebekah Koffler, host of 'Censored But Not Silenced' and author of 'Putin's Playbook" joins the Daybreak Insider Podcast to discuss Putin's next moves and how Americans can protect themselves from disinformation. Nomination Hearings have begun for Judge Ketanji Brown Jackson. 500 workers at Chevron Corp. Refinery went on Strike.  See omnystudio.com/listener for privacy information.

Americans' trust of the media is absolutely in the gutter https://notthebee.com/article/americans-trust-of-the-media-is-completely-in-the-gutter-and-boy-you-just-hate-to-see-it And the Bee notes about the Gallup research:  “when political differences are accounted for, the results diverge sharply along party lines: Just 11% of Republicans trust the media, while 68% of Democrats do. But even the Democratic numbers have declined notably in recent years, as have those of Independents.” I can't help but to insert Club plug here. This is sort of self serving, but I cannot think of a better way to fight mainstream media, than by first joining a solid bible believing church, and secondly joining our club. Our goal here, and I hope we are doing a pretty good job of this, is to proclaim the Lordship of Christ over politics, produce quality news and commentary that you can trust, and build a network that surpass unprincipled legacy media like Fox News. So, go to FightLaughFeast.com to sign up and support our efforts.  Texas governor bans Covid-19 vaccine mandates by any employer in state https://apple.news/AbFpB3TM-RoeortH-jmAnHA Texas Gov. Greg Abbott on Monday issued an executive order banning all state entities, including private employers, from enforcing vaccine mandates, the latest escalation in the Republican's resistance to public health measures during the Covid-19 pandemic. The order states that "no entity in Texas" can enforce vaccination against anyone in the state who objects "for any reason of personal conscience, based on a religious belief, or for medical reasons, including prior recovery from COVID-19," according to a news release from the governor's office.  "The COVID-19 vaccine is safe, effective, and our best defense against the virus, but should remain voluntary and never forced," Abbott said in a statement.  Abbott also called on the Texas state Legislature to pass a law with the same effect. The executive order would be rescinded upon the passage of such legislation, the governor's office said.  Southwest, American among Texas businesses defying Abbott to comply with federal vaccine mandate https://www.statesman.com/story/business/2021/10/12/southwest-american-plan-ignore-abbott-comply-vaccine-mandate/8423456002/ Now according to the Satesman, there is a battle of the gods, and it looks like the federal god won: “Two of the national's largest airlines — Southwest Airlines and American Airlines — both based in Texas, said Tuesday they plan to follow looming federal guidelines and require that their employees are vaccinated against COVID-19, despite an order from Gov. Greg Abbott that attempts to block such mandates. Dallas-based Southwest Airlines last week ordered all of its estimated 55,000 employees to be vaccinated against COVID 19 by Dec. 8. That folowed a directive from President Joe Biden, who in September said all private companies with more than 100 workers must require employees to be vaccinated or conduct weekly tests for the coronavirus. Southwest said in a written statement Tuesday that the president's executive order “supersedes any state mandate or law,” saying the company is required to adhere to it despite Abbott's action “to remain compliant as a federal contractor.”” But listen to this. In the same article:  “Amber Gunst, CEO of the Austin Technology Council, said most companies in Texas are unlikely to follow the governor's mandate. Employers don't have the option to defy OSHA standards, both for legal reasons and for insurance-related concerns, she said. "When the federal government comes in with OSHA and they say, 'this is what we need to do in order to keep employees safe,' companies have to follow those rules in order to be in compliance with OSHA, so I don't really feel that most companies are going to look at the mandate that the governor created and want to adhere to that," Gunst said.  "Companies don't have an option to choose to not be in compliance with OSHA. They will have a very strict, and steep price to pay if they're not in compliance with OSHA." Gunst said she thinks most companies will see Abbott's order "as a nuisance that the governor has created." The question is a nuisance to who? Who is being the nuisance? Who is forcing people to vax?  The Wallstree Journal captures this gem:  https://www.wsj.com/articles/covid-19-vaccine-mandate-fight-between-texas-and-biden-has-companies-caught-in-the-middle-11634073605 “The Greater Houston Partnership, which represents some 900 companies including Exxon Mobil Corp., JPMorgan Chase & Co., Chevron Corp. and Accenture PLC, said Tuesday that Mr. Abbott's order would make it more difficult for Texas businesses to operate safely. The organization has been generally supportive of Mr. Biden's efforts to require vaccines for large employers.” Texas companies are showing more loyalty to the federal government, than to their state. We be tripp'n. Joe Biden's Vaccine Mandate Doesn't Exist. It's Just A Press Release https://thefederalist.com/2021/10/07/joe-bidens-vaccine-mandate-doesnt-exist-its-just-a-press-release/?s=04#.YV9Ab7sLmEY.twitter According to Joy Pullmann over at The Federalist: “Yes, we've heard all about Joe Biden's alleged vaccine mandate for private companies employing 100 or more people. It was all over the news even before he announced it on September 9. His announcement has jeopardized the employment of millions of Americans and increased worker shortages in critical domains such as health care. There's only one problem. It's all a mirage. Biden's so-called vaccine mandate doesn't exist — at least, not yet. So far, all we have is his press conference and other such made-for-media huff-puffing. No such rule even claiming to be legally binding has been issued yet. That's why nearly two dozen Republican attorneys general who have publicly voiced their opposition to the clearly unconstitutional and illegal mandate haven't yet filed suit against it, the Office of the Indiana Attorney General confirmed for me. There is no mandate to haul into court. And that may be part of the plan. According to several sources, so far it appears no such mandate has been sent to the White House's Office of Information and Regulatory Affairs yet for approval. The White House, the Occupational Safety and Health Administration (OSHA), and the Department of Labor haven't released any official guidance for the alleged mandate. There is no executive order. There's nothing but press statements. Despite what you may have been falsely led to believe by the media fantasy projection machine, press statements have exactly zero legal authority. To impose the public perception of a mandate, the Biden administration is following an unusual rule-making process it also employed earlier this year, called an emergency temporary standard (ETS). The spring ETS rule took nearly six months to issue. Meanwhile, companies are telling reporters their vaccine mandates will have at the latest December deadlines. (For those who can't calendar, that's four months after Biden's non-existent mandate was proclaimed. According to OSHA, an ETS takes up to six months to go into effect after the initial mandate is issued in the Federal Register — which, again, for the proclaimed 100-employee mandate hasn't happened yet.) Lawyers for big business were blunt about their love for this mandate mirage: “Everybody loves this cover,” Minneapolis employment lawyer Kate Bischoff told Bloomberg Law in September. “Many were already looking down the road at doing this, but the fact that they get to blame Biden is like manna from heaven.” Using the ETS procedure instead of normal federal rule-making processes both allows the Biden administration to push its demands faster and without any public input or requirement of responding to public input, which is normally required of even legally laughable federal rule-making like this one would be. That is part of why ETS rules have been overwhelmingly overturned in courts. Earlier this week, the Wall Street Journal published a letter from Bruce Atkinson making several excellent observations about the nonexistent mandate, including the following:” “The mandate's nonexistence shields the Biden administration from legal challenges that may ultimately restrict the Occupational Safety and Health Administration's authority. Yet the mandate is still effective at compelling industries and companies into compliance, as it leaves room for any eventual issuance to target noncompliant entities. This implied cudgel is particularly effective on industries and companies that are dependent on federal spending or the goodwill of federal regulators. The nonexistent mandate also allows so-inclined state and local governments and companies to issue their own mandates, seemingly in lockstep with Washington. The Biden White House has been well-served by presenting a nonexistent mandate as a done deal.” Guitar AD Have you always wanted to play guitar but didn't know where to start? Learning to play the guitar can be a lonely, confusing and expensive experience. But it doesn't have to be that way. Fight Laugh Feast member David Harsh has created a unique, online monthly membership, that has community, a clear success path, and it's super affordable. David has spent decades of touring, leading worship, and teaching guitar. He's helped thousands of guitar players discover their potential. You may have heard us talk about GuitarSuccess4U. Here's an update. Several of our listeners have joined this membership, and they are having a blast! Maybe it's time for you to hop on board! When you join this membership, you can learn at your own pace, from home, alongside a community of guitarists including worship leaders, hobbyists, retirees, stay-at-home moms and more. Through video lessons, worksheets, and weekly Zoom calls, David will take you step-by-step towards becoming the musician you were made to be. GuitarSuccess4U is only $29 a month – that's less than a dollar a day, and a fraction of the cost of guitar lessons. Learn more and join now at GuitarSuccess4U.com. That's “Guitar Success,” the number “4” and the letter “U,” dot com. Join today and get 5 instant bonuses to help accelerate your progress! Head on over to GuitarSuccess4U.com to start your guitar journey. That's Guitar Success, the number “4” and the letter “U,” dot com. A record 4.3 million workers quit their jobs in August, led by food and retail industries https://www.cnbc.com/2021/10/12/a-record-4point3-million-workers-quit-their-jobs-in-august-led-by-food-and-retail-industries.html According to CNBC: “Workers left their jobs at a record pace in August, with bar and restaurant employees as well as retail staff quitting in droves, the Labor Department reported Tuesday. Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to the department's Job Openings and Labor Turnover Survey. The rate, which is measured against total employment, is the highest in a data series that goes back to December 2000. Quits have been seen historically as a level of confidence from workers who feel they are secure in finding employment elsewhere, though labor dynamics have changed during Covid-19 crisis. Workers have left their jobs because of health concerns and child care issues unique to the pandemic's circumstances. A total of 892,000 workers in the food service and accommodation industries left their jobs, while 721,000 retail workers departed along with 534,000 in health care and social assistance. “As job openings and hires fell in August, the quits rate hit a new series high, surging along with the rise in Covid cases and likely growing concerns about working in the continuing pandemic,” said Elise Gould, senior economist at the Economic Policy Institute.” Now two questions for me arise out of this information. Why are these people quitting, and where are they going?  I could not dig up the answer for where these quitters went, and the best answer I could dig up for why they are quitting coming from the Business, Insider where they speculate:  https://www.businessinsider.com/over-4-million-workers-quit-record-labor-shortage-great-resignation-2021-10 “Workers are likely quitting over work conditions, pay, the virus, or contemplation of their lives.” Bottom line is the government has created a catawampus economy, and screws up all the incentives, this makes it hard to understand what is really going on here.  Pelosi signals big spending package will shrink to $2 trillion https://www.washingtonexaminer.com/news/congress/pelosi-signals-2-trillion-spending-bill Facing intractable opposition from party centrists, House Speaker Nancy Pelosi said Democrats will have to “make tighter decisions” on a massive social welfare spending package that is stalled in Congress. Pelosi, a California Democrat, acknowledged in a press conference Tuesday that the $3.5 trillion package planned by Democrats will have to shrink to about $2 trillion, telling reporters, “The fact is there are fewer dollars to spend, there are choices to be made, and the members have said let's get the results we need, but we will not diminish the transformative nature of what it is.” Pelosi, in a memo to Democrats late Monday, told them caucus members are calling for a spending package that will “do fewer things well so that we can still have a transformative impact on families in the workplace and responsibly address the climate crisis.” Pelosi and Senate Majority Leader Chuck Schumer, a New York Democrat, set an Oct. 31 deadline to advance the package. Tight race in Virginia gubernatorial showdown with three weeks until election https://www.foxnews.com/politics/virginia-gubernatorial-showdown-three-weeks-until-election Tuesday marks three weeks to go until Election Day in Virginia, and the top-of-the- ticket race remains an extremely close contest in one of just two states to hold gubernatorial elections in the year after a presidential contest. An average of the latest polls in the race indicates that former Democratic Gov. Terry McAuliffe – who's running for his old job – holds a slight, single-digit edge over Republican nominee Glenn Youngkin in a state that President Biden won by 10 points in last year's election and where Republicans haven't won a statewide contest in a dozen years.  The margin-of-error race in Virginia – a one-time key battleground but still competitive state which is seen as a key bellwether ahead of the 2022 midterm elections – has national Democrats on edge as they defend their razor-thin majorities in the House of Representatives and Senate in next year's contests. "Folks, the Virginia Governor's race is a big deal not just for the Commonwealth but for our country," Biden wrote to supporters in a fundraising email. And McAuliffe asked in a fundraising email last week, "Are we blowing this?" Virginia and New Jersey's elections for governor always grab outsized attention as they're the only states to hold such contests the year after the presidency's decided. And there's a long-running trend of voters in the commonwealth defeating the gubernatorial nominee of the party that controls the White House. McAuliffe broke with that tradition in 2013 with his election as governor. McAuliffe was unable to run for reelection in 2017 because Virginia governors are barred from serving two straight terms. And the McAuliffe campaign announced on Tuesday that the biggest name of all - former President Obama - will team up with the former governor on Oct. 23. Closing This is Gabriel Rench with Crosspolitic News. Support Rowdy Christian media by joining our club at fightlaughfeast.com, downloading our App, and head to our annual Fight Laugh Feast Conference next fall. With your partnership, together we will fight outdated and compromised media, engage news and politics with the gospel, and replace lies and darkness with truth and light. Go to fightlaughfeast.com to take all these actions. Have a great day. Lord bless