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To understand where the oil market is headed and how investors might hope to take advantage, one would do well to take a look at what Chevron (NYSE:CVX) said in its investor-day presentation earlier this month. First off, it helps to understand how the energy sector works. In massively oversimplified terms, some energy companies find and produce oil for sale, and others provide equipment and services to those oil producers. If the price of oil goes up significantly, the companies that find and produce oil are incentivized to increase investment in expanding production capacity. And that isn’t difficult for them to afford because the oil they are currently producing and selling is more and more profitable as the price of oil rises, which drives cash flows and facilitates expanding credit using in-ground reserves as collateral. ....
HOUSTON, Texas (KTRK) It s been a month since the historic winter storm hit Texas, and many Houston families are still without water and waiting for their home to get the repairs it needs. Volunteers with Be The Solution in east Houston loaded their cars Saturday morning to make home deliveries of water and food to senior citizens, who would otherwise go without. I think this drive is a lesson learned from past drives that have happened post the winter freeze , said Alim Adatia with Ismaili Council For The Southwestern U.S. We realized, and so did the members of Be The Solution, that essentially the seniors need the food brought to them. ....
Energy Sector Assisting Texas Relief Efforts Following February Freeze Following the devastating winter storm Uri last month that left millions of Texans without electricity for days and billions in damages, utilities and oil and gas producers, along with other industries, have stepped up to assist with relief efforts. The damage and economic losses from the winter storms in February could reach $155 billion across the country. Damages in Texas alone have been estimated at $50 billion-plus. In reaction, energy companies with operations in Texas have donated millions. Houston-based Reliant Energy is donating $50,000 to the Houston branch of Rebuilding Together, a nonprofit focused on repairing homes, to direct support to at-risk seniors and military veteran homeowners to repair weather damage. ....
As the city of Houston leaders continue the fight to keep COVID-19 under control while trying to recover from a historic winter storm, Mayor Sylvester Turner says though help is underway, there's still a long way to go. ....
Dave from Dallas, TX Hey, Mr. O: So, we finish plumb last, but have the 11 th-hardest strength of schedule. I get it, but this isn t parity and isn t fair. How can the process be changed to make it fair? Thanks. The NFL isn t going to dramatically change the scheduling system, nor should it. That s because the system actually is about as fair as can be imagined. All teams in a division play six games – home and away – against teams from their own division, the same four opponents from a rotating division in their conference and the same four opponents from a rotating division in the other conference. The variances in the schedule come in the other two opponents, with all teams playing two teams in their conference that finished in the same spot in their respective divisions the previous season. As for the 17th game that appears likely beginning in 2021, each team is expected to play a team from the other conference based on division finish the previous season. I ca ....