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• ☕️What Else is Brewing Saturday Morning
  John Bolton pleaded not guilty to mishandling classified information. Bolton—who...
  John Bolton pleaded not guilty to mishandling classified information. Bolton—who served as a national security advisor during President Trump’s first term before becoming one of his most vocal critics—appeared in court yesterday to plead not guilty to the government’s case accusing him of emailing classified information to his family and keeping sensitive documents in his home.
  
  The US took into custody two survivors from an attack on a boat it claims was transporting drugs off the coast of Venezuela.
  
  President Trump said his threatened additional 100% tariff on goods from China is “not sustainable,” and indicated that he still plans to meet with his Chinese counterpart, Xi Jinping, later this month.
  
  Former Rep. George Santos had his prison sentence commuted by President Trump. The Republican ex-lawmaker, who made headlines for telling lies, had been serving a more than seven-year sentence for financial crimes.
  
  Salesforce CEO Marc Benioff apologized yesterday following backlash to his remarks that President Trump should send the National Guard to San Francisco. The day before, VC giant Ron Conway resigned from the charitable Salesforce Foundation’s board over the comments.
  
  Tesla shareholders were urged to reject Elon Musk’s $1 trillion pay package by advisory firm ISS.
  
  Apple TV will be the place to watch cars go fast after Apple inked a five-year broadcast rights deal with F1. CNBC reports that Apple will pay $140 million per year.
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• DAILY OIL PRICE: October 17, 2025
  Crude Oil: 57.54   (+0.08)....
  
  
  • Crude Oil: 57.54   (+0.08).
  
  
  • Nymex MTD AVG: 59.7695.
  
  
  • Natural Gas: 3.008   (+0.070).
  
  
  • Gasoline: 1.8377   (+0.0260).
  
  
  • Spreads: November/December (+0.39)     December/January (+0.03).
  
  
  • Plains WTI Posting: 54.02   (+0.08).
  
  

  
  Source: Odessa American
  
  
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• U.S. stocks end higher
  U.S. stocks closed higher Friday, with all three major benchmarks booking weekly gains...

  U.S. stocks closed higher Friday, with all three major benchmarks booking weekly gains as investors shook off concerns about credit losses at regional banks and trade tensions.

  
  

  The Dow Jones Industrial Average increased 0.5%, while the S&P 500 gained 0.5% and the technology-heavy Nasdaq Composite climbed 0.5%, according to preliminary data from FactSet.

  
  

  For the week, the Dow rose 1.6%, the S&P 500 advanced 1.7%, and the Nasdaq gained 2.1%, according to preliminary data.

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• West Virginia Creates Well Plugging Fund
  West Virginia unveiled the ...

  West Virginia unveiled the Mountain State Plugging Fund on Thursday to retire roughly 20,000 old oil and gas wells over the coming decades. The privately financed fund aims to prevent groundwater contamination and methane leaks at no taxpayer cost.

  
  

  Diversified Energy will contribute $70 million over 20 years, projected to grow to $650 million through returns. The company agreed to retire at least 1,500 wells initially, then 250 annually. Costs range from $25,000 to over $50,000 per well. See well decommissioning practices training.

  
  

  Officials believe this is the first business-funded cleanup fund of its kind. Millions of abandoned wells nationwide leak methane and pollutants, with thousands orphaned by defunct companies.

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• Gulf of America turning into the star of US oil growth
  Slowing onshore production, technological advancements and favorable...
  Slowing onshore production, technological advancements and favorable policies are putting offshore drilling at the forefront of US oil production growth this year and next, analysts and industry leaders say. Chevron expects its Gulf of America output to increase by 50% in 2026 from two years earlier, while Talos Energy touts break-even prices as low as $35 per barrel. Companies are deploying next-generation high-pressure drilling systems that could unlock up to 5 billion barrels of previously unreachable crude.
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