OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens

Big Oil Backs Mazama's $135 Million Bet On Superhot Geothermal Mazama Energy announced $135 million in new capital with an oversubscribed Series B that included ConocoPhillips and Shell Ventures. With Devon Energy initially backing Fervo in 2023, a pattern is emerging with oil and gas veterans placing their bets in the geothermal industry.  Some of the techniques developed by the O&G industry are translating well to geothermal projects. Horizontal drilling, well completions, and underground reservoir expertise are finding new purpose in an industry that is far more politically neutral than the...

Canada's Wildfire Management Failures Choke Millions Of Americans With Toxic Smoke Canada's wildfire management policies are once again falling short, as toxic smoke plumes blanket much of the northeastern US and drive air pollution to dangerously high levels.  Another wave of dense wildfire smoke is forecast to reach New York and New England on Thursday afternoon and evening before it surges into the Mid-Atlantic on Thursday night. Thick, unhealthy smoke is expected in D.C. on Friday, with some reaching Virginia and North Carolina. pic.twitter.com/ZDqDEYAgQq — Ben Noll (@BenNollWeather) July 16, 2026 WILDFIRE SMOKE...

Rebound In Used Luxury Watches Continues During the COVID-era flood of free money, from stimulus checks to the Federal Reserve's zero-interest-rate policy, luxury watch prices skyrocketed to the moon. But once that liquidity boom faded and interest rates were pushed sharply higher to rein in the inflation monster fueled by helicopter money, the secondary luxury market slid into a multi-year correction. Over the last year and a half, however, that downturn appears to have bottomed out (see here and here), with prices continuing to rebound. The Bloomberg Subdial Watch Index, which...