Did you change your clocks back? You know, the ones that don’t auto adjust, like your stove, the microwave, or your car. Maybe you’re still subtracting the hour in your head? We’re right there with ya. Daylight Saving Time ended abruptly at 2am on Sunday morning, throwing most of us swiftly backwards by an hour—Arizona (with the exception of the Navajo Nation) and Hawaii, plus a few other U.S. territories, are the only places in the U.S. that do not observe DST.
For those early-risers who appreciate a few rays of sunshine with their coffee, the time change is a welcome adjustment. However, daylight will continue to wane until the Winter Solstice on Saturday, December 21st.
The good news is our jolt of positive energy is here to brighten your week, all year long.
Why so crude? Crude oil prices fell slightly last week but rose on Monday, trading around $56.50 a barrel. Investors were hopeful that a trade deal between Washington and Beijing would occur after both sides said progress had been made in their protracted economic disputes. A better than expected U.S. jobs report also helped to boost the market. Finally, speculation that further production cuts from OPEC and Russia were in the works contributed to a bullish environment surrounding crude oil. The Baker Hughes oil rig count fell last week, going from 696 to 691 and indicating decreased domestic production.
Winter Is Coming, Again! A natural gas futures surged last week with the move driven by colder-trending weather data. Spot prices remained under pressure late in the week despite forecasts calling for more cold in the Midwest and Northeast over the weekend. – Yahoo Finance
That’s Quality Power! Electric power quality involves voltage, frequency, and waveform. Good power quality can be defined as a steady supply voltage that stays within the prescribed range, steady a.c. frequency close to the rated value, and smooth voltage curve waveform (resembles a sine wave). Without the proper power, an electrical device (or load) may malfunction, fail prematurely or not operate at all. There are many ways in which electric power can be of poor quality and many more causes of such poor quality power. – Wikipedia
Google Is Buying Fitbit for $2.1 Billion
Google has just announced that it’s buying wearable company Fitbit for $2.1 billion. In a blog post announcing the news, Google SVP of devices and services Rick Osterloh said that the Fitbit purchase is “an opportunity to invest even more in Wear OS as well as introduce Made by Google wearable devices into the market.” – The Verge
Last week Marathon Energy was honored to be recognized as a 2019 Economic Champion for contributions toward the economic development of the CenterState New York region.
As a company, we are committed to helping the communities we serve in a variety of ways. Thank you, CenterState CEO for recognizing Marathon Energy’s contributions. We are so grateful for the award.