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Too low to ‘drill baby drill’: U.S. benchmark crude oil prices are hovering below the level oil executives say they need to drill new wells at a profit, spurring concerns that the country’s output could stagnate or even stall. Many place blame for the recent drop in oil prices on the Trump Administration’s trade wars. At the same time, the White House has been urging producers to drill more while the Organization of the Petroleum Exporting Countries is rolling back some production cuts. Read more from The Wall Street Journal.
Data center energy demand: CenterPoint Energy reported a fall in first-quarter profit on Thursday, but the U.S. utility raised its capital expenditure plan to meet expected demand from data centers used for artificial intelligence technologies. A winter storm in January across the Gulf Coast brought major cities like Houston and New Orleans to a near-standstill and broke records for the coldest day across the regions. Read more from Reuters.
Hold that table: A nascent industry for buying and selling restaurant reservations could meet its end soon in Louisiana. State lawmakers unanimously advanced a bill Thursday that forces such trading platforms to officially partner with the restaurants whose tables are going to the highest bidder. Read more from Louisiana Illuminator.
