Why I Joined Monetary Metals

Globalstar Soars On Amazon Buyout Report Amid Satellite Constellation Race Globalstar shares surged 12% in premarket trading in New York... ...marking their biggest jump in nearly five months, after the Financial Times reported overnight that Amazon is in talks to acquire the satellite operator, a move that would certainly intensify the race to build satellite constellations.  The FT cited people familiar with the Amazon-Globalstar talks and said both sides are still negotiating over "some of the complexities," including the fact that Apple owns a 20% stake in the satellite communications company, which...

First Valero Refinery, Now Largest U.S. Gasoline Pipeline Damaged In Georgia Colonial Pipeline's Line 1, the largest U.S. gasoline pipeline running from Houston toward the East Coast, has halted operations after a third-party work crew damaged a section of the line in Georgia. Bloomberg reported that the line stopped shipping fuel after the damage occurred on Tuesday in Paulding County, Georgia. "Line 1 is out of service while our team coordinates response and repair efforts," Colonial said in a statement cited by the outlet. The outage hits a critical fuel artery that...

Mexico's "Energy Sovereignty" Dos Bocas Oil Refinery Hit By Major Fire One of Mexico's largest refineries, with a processing capacity of 340,000 barrels per day, appears to have suffered a fire in its coke storage area, marking the second incident in less than a month. The Dos Bocas refinery, built by Pemex in the southeastern state of Tabasco, is the crown jewel of Mexico's push to reduce dependence on imported gasoline and diesel, especially from U.S. exporters in the Gulf of America. It cost about $21 billion to build and was...