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Petrobras likely to miss government’s target on gas prices amid high extraction costs
According to insiders familiar with the matter, Petrobras, Brazil’s state oil giant, is likely to miss the government’s target of reducing natural gas prices by 40%. The main reason cited is the high cost of extracting gas from ultra-deep waters, which significantly exceeds the production expenses of onshore shale gas drillers in other countries. Petrobras […]
Michael Bloomberg becomes 2nd largest Harris donor behind George Soros: Report
Former New York City mayor and billionaire businessman Michael Bloomberg became the second-largest individual donor to Vice President Kamala Harris’ campaign after George Soros, following a reported $50 million donation to the main super PAC funding the vice president’s campaign. Bloomberg donated nearly $20 million over the summer to support President Biden’s re-election campaign, but […]