Whether you’re a dark meat, white meat, or tofurkey connoisseur, we wish you a bountiful Thanksgiving week. We also want to acknowledge the endless gratitude we have for our remarkable customers, incredible staffers, dedicated brokers, and the entire Marathon Energy family. Thank you!
Why so crude? Crude oil prices fell slightly last week but remained steady on Monday, trading just under $58 a barrel. The market continued to wait on news regarding a trade agreement between the U.S and China, as Chinese Vice Premier Liu He invited top American trade negotiators to a new round of face-to-face talks in Beijing. OPEC also has a meeting next week to discuss an extension of oil production cuts into mid-2020 which have provided a floor for oil prices. U.S. government data showed a slightly lower than expected build in weekly crude stockpiles, though this did little to impact prices. The Baker Hughes oil rig count fell last week, going from 674 to 671 and indicating decreased domestic production.
Up And Down! Arctic weather in much of the U.S. in November lifted prices for natural gas to their highest level since March, but ample U.S. supplies of the heating fuel have put the commodity on track for a loss for the month. – MarketWatch
Cooking Good! As Thanksgiving nears, households across the nation are firing up their stoves, cooktops, and ovens to prepare their feasts. According to data from EIA’s Residential Energy Consumption Survey (RECS), electricity is the most common fuel used for cooking, with 74.9 million households (63%) using electricity in a stove, cooktop, or oven.
Invisibility Cloak! CNET got its hands on early prototypes of Hyperstealth’s Quantum Stealth “invisibility cloak” material designed for military use. Watch how it works, how it’s made, and what it could mean for the military and the world at large. – CNET
Canstruction Time! Marathon Energy is proud to be participating in this year’s Festival of Lights Canstruction® Competition taking place at the Erie County Fairgrounds. This contest uses canned goods to construct 3D sculptures and then all of the canned goods are donated to The Food Bank of Western New York. This year’s theme for the competition is “Winter Holiday Movies.” Marathon Energy has partnered with students from Buffalo State University to help us design our display and complete the build. Our movie? Elf! This Canstruction project is going to require 6,424 cans, all of which will go to help feed people in need.
Stay tuned for pictures of the final product. Having fun while helping a worthy cause. A true win-win for the holidays.
And remember, if you or your company are involved in helping your community, please let us know by emailing us here. After all, Marathon Cares.
Listen to our very own Chris Donnellan on NYC Real Estate Podcast, hosted by Mark Levine. Chris discusses a plethora of relevant topics, and delves into the truths of how Marathon Energy services complement property owners and managers—those with firm gas and firm oil, as well as the many buildings that still have to prepare and comply with interruptible needs, which become extremely relevant heading into the winter season.