Proven Petroleum Reserves and the Myth of “Peak Oil”

Toxic Wildfire Smoke Plume From Canada Will Blanket DC To NYC Temperatures across the Mid-Atlantic and Northeast are set to rise on Wednesday, with highs approaching the upper 90s and the PJM power grid likely to see a sharp increase in electricity demand as air-conditioning use is set to climb through the afternoon. Cooler temperatures are expected to follow in the days ahead, but relief may be short-lived as wildfire smoke threatens to spread across the region by the end of the week, potentially degrading air quality. Meteorologist Ben Noll wrote in...

Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags "Triple Whammy" Quarter Lululemon Athletica shares crashed in premarket trading in New York after the athletic-apparel retailer slashed its full-year outlook again, suggesting that demand in the Americas is deteriorating as Alo and other rivals gain market share. The move also puts mounting pressure on its incoming chief executive to revive the struggling brand. Lululemon expects full-year revenue of between $10.35 billion and $10.50 billion, down sharply from its previous forecast of $11 billion to $11.15 billion and well below the Bloomberg...

Madison Air Pulls Off Biggest U.S. Industrial IPO Since 1999 As Data Center Cooling Theme Heats Up Madison Air Solutions surged 18% in its IPO on Thursday after raising $2.23 billion, pulling off the largest U.S. industrial IPO in nearly three decades. Shares closed at $31.75, signaling strong investor appetite for an industrial name tied to the AI infrastructure buildout. The Chicago-based company designs and manufactures ventilation, filtration, and cooling systems for data centers, semiconductor manufacturing facilities, life sciences buildings, and commercial buildings. Most importantly, investors care about MAIR because it...