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• Fracking is powering the geothermal revolution
  Hydraulic fracturing, traditionally used in oil and natural gas extraction,...
  Hydraulic fracturing, traditionally used in oil and natural gas extraction, is being harnessed to access geothermal energy through enhanced geothermal systems that provide continuous carbon-free power from underground heat. However, challenges such as lengthy permitting processes, high drilling costs and limited underground heat availability are preventing the technology from expanding fast enough to make a difference for the climate, highlighting the importance of government funding and streamlined regulatory frameworks.
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• ☕️What Else is Brewing Monday Morning
  Let the Paris Games begin: The opening ceremony for...
  Let the Paris Games begin: The opening ceremony for the Paris Olympics will take place on the Seine on Friday, with organizers hoping the nearly four-hour visual feast will spur enthusiasm for the Olympics, which hasn’t been seen in quite some time. While certain people on your social media timeline are sure to spend two weeks portraying themselves as die-hard trampoline fans, US ratings have been down for recent Olympics, which have taken place during the heart of a pandemic and at inconvenient hours for American viewers. Some performers for the ceremony have yet to be announced, but it will be hard to top Mr. Bean in London in 2012.
  
  At least two people have died in the US from a listeria outbreak connected to meat sliced at deli counters. The CDC says it is aware of 28 people who have been infected. Here’s what to do with your deli meat.
  
  It’s not just President Biden—why Covid cases are on the rise this summer.
  
  Xander Schauffele won the British Open, his second golf major of the year. American golfers have swept all four majors this year for the first time since 1982.
  
  The WNBA All-Stars beat Team USA 117–109 in the final tuneup game before the national team heads to Paris. In related “Oh no, what’s going on with our national basketball team” news, the US men’s team escaped with a one-point win over South Sudan, which entered the exhibition game as a 43-point underdog.
  
  Some overheated beverages on Southwest Airlines flights have been exploding mid-flight, causing injuries to nearly two dozen flight attendants.
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• Stock futures inch higher, but Biden’s withdrawal adds to uncertainty
  President Joe Biden has officially withdrawn from the presidential race, injecting even more uncertainty...
  President Joe Biden has officially withdrawn from the presidential race, injecting even more uncertainty into the outlook for markets at an increasingly critical juncture.
  
  The announcement landed shortly before 2 p.m. Eastern on Sunday, roughly four hours before U.S. equity futures opened at 6 p.m. Eastern. Biden’s decision followed days of mounting pressure from fellow Democrats, and reports late last week that he was considering stepping aside.
  
  Initial reaction across markets Sunday night saw bitcoin prices BTCUSD, 0.36% dive before rebounding. The price of the pioneering cryptocurrency was up 1% at more than $68,000, its highest level in more than a month. Stock futures also opened slightly higher, with futures tied to the S&P 500 ES00, 0.18% up 0.1% at 5,560, while Nasdaq-100 futures NQ00, 0.34% were up 0.2% at 19,732 and Dow Jones Industrial Average futures YM00, 0.10% up 8 points, or less than 0.1%, at 40,586.
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• Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal
  Occidental Petroleum expects to close its acquisition...
  
  
  Occidental Petroleum expects to close its acquisition of Permian producer CrownRock LP next month after clearing antitrust hurdles.
  
  The waiting period for the company’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, Occidental announced after markets closed on July 18.
  
  "We look forward to closing our transaction with CrownRock in August and welcoming their high-performing team into our organization," Occidental President and CEO Vicki Hollub said. “We are progressing with the divestiture program that we believe will ultimately high-grade our portfolio and optimize returns for our shareholders.”
  
  
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• US Drillers Add Oil, Gas Rigs for Second Time in Three Weeks
  U.S. energy firms added oil and natural gas rigs for the second time in three...

  U.S. energy firms added oil and natural gas rigs for the second time in three weeks, according to Energy Services firm Baker Hughes, in its closely followed report on July 19.

  
  

  The total number of oil and gas rigs, an early indicator of future output, rose by two to 586 in the week ending July 19, its highest level since late June.

  
  

  Despite this week's rig increase, Baker Hughes said the total count was still down 83 rigs, or 12%, below this time last year.

  
  

  Oil rigs fell by one to 477 this week, their lowest since December 2021, while gas rigs rose by three to 103, their highest since mid-May.

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