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• ☕️What Else is Brewing Thursday Morning
   Trump’s absolute immunity claim comes to the Supreme Court. The...
   Trump’s absolute immunity claim comes to the Supreme Court. The high court will hear arguments today on Donald Trump’s legal team’s novel theory that a president has total immunity from federal prosecution for acts committed while in office. Though the case stems from a criminal proceeding accusing Trump of interfering with the 2020 presidential election, what the court decides will have major implications for the 2024 contest—both because of what the justices decide and what the timing of their decision may mean for Special Counsel Jack Smith’s election interference case against Trump.
  
  The US has reportedly opened a criminal probe into consulting giant McKinsey’s role in the opioid crisis.
  
  Business groups, including the US Chamber of Commerce, sued to block the FTC’s new rule banning noncompetes that make it harder for employees to change jobs.
  
  Arizona lawmakers voted to repeal the state’s recently reinstated 1864 ban on abortion after two failed attempts. A repeal of the 160-year-old law would leave a more recent 15-week ban in place.
  
  Boeing burned through $3.9 billion in the first quarter as it scrambled to deal with the fallout from the door plug blowout on an Alaska Airlines plane, but it squeaked out better earnings than anticipated.
  
  The Department of Transportation issued new rules requiring airlines to provide cash refunds instead of vouchers to passengers whose flights have been canceled or seriously delayed. Other new regulations forbid hiding bag check and cancellation fees as part of the Biden administration’s push to lessen what it considers junk fees.
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• BlackRock: Transition investment must hit $4T per year
  The world invested $1.8 trillion in the energy transition last year,...
  The world invested $1.8 trillion in the energy transition last year, but that figure needs to hit $4 trillion per year by 2035, according to BlackRock's latest Investment Institute Transition Scenario. The report emphasizes the importance of public-private partnerships, blended finance and stable policies like the Inflation Reduction Act. It also recognizes a large investment opportunity in the Asia-Pacific region.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery...
  Benchmark U.S. crude oil for June delivery fell 55 cents to $82.81 per barrel Wednesday. Brent crude for June delivery fell 40 cents to $88.02 per barrel.
  
  Wholesale gasoline for May delivery was unchanged at $2.73 a gallon. May heating oil fell by 3 cents to $2.55 a gallon. May natural gas fell 16 cents to $1.65 per 1,000 cubic feet.
  
  
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• S&P 500, Nasdaq eke out third straight day of gains in mixed trading session
  U.S. stocks finished mixed on Wednesday after swinging between slight...
  U.S. stocks finished mixed on Wednesday after swinging between slight gains and losses, with the S&P 500 and Nasdaq Composite managing to advance for a third straight day.
  
  The Dow Jones finished down by 42.77 points, or 0.1%, at 38,460.92, for its first decline in the past five trading sessions.
  
  The S&P 500 closed up by about 1 point at 5,071.63.
  
  The Nasdaq Composite ended up by 16.11 points, or 0.1%, at 15,712.75.
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• Biden’s war on natural gas didn’t stop record use last year in the US
  Despite the work of the Biden administration and environmentalists against...
  Despite the work of the Biden administration and environmentalists against the use of natural gas, the U.S. had a record use of it in 2023.
  
  The U.S. Energy Information Administration reported this week that in 2023, 89.1 billion cubic feet a day of natural gas was consumed in the U.S., the most on record. Since 2018, U.S. natural gas consumption has increased by an average of 4% annually.
  
  Monthly natural gas consumption set new records every month from March 2023 through November 2023. U.S. natural gas consumption has risen in the electric power sector as coal-fired electric-generating capacity has declined.
  
  Read More, on OK Energy Today
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