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☆ Georgia will be first US state where pharmacies sell medical cannabis
▼ + stars: | 2023-10-20 | by ( Jen Christensen | ) edition.cnn.com time to read: +8 min

CNN —For the past year and a half, medical cannabis company CEO Gary Long has spent a lot of his time reassuring Georgia’s small-town mayors about what will soon be coming to their local pharmacy: medical marijuana. The Georgia Board of Pharmacy is currently processing applications from pharmacies around the state that want to sell low-dose THC products. National chains such as CVS and Walmart won’t be selling THC products in Georgia, but Long said 130 local pharmacies have already agreed to sell his product exclusively. Making medical cannabis so accessible in such a traditionally conservative Deep South state like Georgia caught some by surprise. Californians have been able to buy medical cannabis since 1996 and adults there got the right to use it recreationally in 2016.

Persons: Gary Long, that’s, ”, Long, Coke, Andrew Turnage, Jimmy Kimmel, “ I’ve, ” Long, Jonathan Marquess, ” Marquess, it’s, Jay Wexler, “, Brian Kemp, Marquess ’, Marquess, there’s, ” Turnage, Aaron Smith, ” Smith, Dr, Sanjay Gupta, Turnage, I’ve Organizations: CNN, Botanical Sciences, Georgia, of Pharmacy, CVS, Walmart, Medical Cannabis Commission, Georgia General Assembly, US Drug Enforcement, Boston University School of Law, Justice, Gov, Pharmacy, Georgia Pharmacy Association’s Academy of Independent Pharmacy, National Cannabis Industry Association, Get CNN, CNN Health Locations: Georgia, United States, Connecticut, Massachusetts

Renewables (and gas) have been substitutes for fossil fuels such as coal and oil enabling a significant reduction in greenhouse emissions. Renewables (and gas) have served as complements to other fossil fuels – ensuring energy remains affordable and reliable even as consumption increases significantly. EMISSIONS PEAK BUT NOT SOONEventually, China and India’s energy consumption will start to grow more slowly, at which point renewables will substitute for fossil fuels rather than just complement them. Even so, in 2022, fossil fuels accounted for 82% of primary energy consumption in China and 88% in India, including 70% of total electricity generation in China and 77% in India. Policymakers from OECD countries use the U.N. conference process and other diplomatic forums to press China and India to speed up their transition from fossil fuels to zero-emission alternatives.

Persons: Tingshu Wang, Barack Obama, John Kemp, Jonathan Oatis Organizations: Huawei, REUTERS, Organisation for Economic Cooperation, Development, OECD, Renewables, United Nations Population Division, ³, World Energy, Energy Institute, BP, Thomson, Reuters Locations: Shenmu, Yulin city, Shaanxi, China, India, North America, Europe, Chartbook, United States, Western Europe, U.S, Portugal, Switzerland

That's almost 40% of U.S. solar panel capacity, according to figures from the Solar Energy Industries Association. Political Cartoons View All 1211 ImagesIndustry jitters about a flood of cheap solar panels from overseas show how dependent on federal policy the solar industry remains. Even with that boost, solar industry leaders warn, factories will struggle to compete with a new spike in cheap Asian imports. They're again urging federal officials to investigate whether solar panels are being dumped at unfairly low prices. Politics envelops the solar industry.

Persons: That's, Qcells, “, Scott Moskowitz, Joe Biden’s, Donald Trump, They're, Mike Carr, Carr, Moskowitz, Kamala Harris, Brian Kemp, Democratic U.S . Sen, Jon Ossoff, ” Kemp, Ossoff, Georgia Democratic Sen, Raphael Warnock, ” Ossoff Organizations: Hanwha, Solar Energy Industries Association, Associated Press, Republican, U.S, Solar Energy Manufacturers, America Coalition, Qcells, Republican Gov, Democratic U.S ., Georgia Democratic Locations: Georgia, United States, Dalton, U.S, Asia, Cartersville, Washington, China, Taiwan . U.S, OPEC

Inventories reached 102 million barrels on Oct. 6, up from 85 million barrels a year earlier, according to data from the U.S. Energy Information Administration (“Weekly petroleum status report”, EIA, Oct. 12). Stocks were 13 million barrels (+15% or +1.18 standard deviations) above the prior seasonal average for 2015-2022 and just 1 million barrels below the all-time high of 103 million set in November 2015. Inventories ended winter 2022/23 around 10 million barrels (+22% or +0.98 standard deviations) above the seasonal average and the surplus has continued to swell despite strong exports. U.S. petroleum refineries also produced 59 million barrels of propane between January and July 2023, unchanged from the same period in 2013. Shipments to the Netherlands (25 million barrels), Singapore (18 million), Indonesia (17 million), Brazil (14 million), Belgium (14 million), Spain (14 million) and Chile (13 million) took the share to more than 80%.

Persons: Terry Wade, Stocks, John Kemp, Marguerita Choy Organizations: Apache Corp, REUTERS, U.S . Energy Information Administration, Thomson, Reuters Locations: West Texas, Mont Belvieu, Texas, U.S, Chartbook, East Asia, Latin America, Europe, Japan, Mexico, China, South Korea, Netherlands, Singapore, Indonesia, Brazil, Belgium, Spain, Chile, Asia, Saudi

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. As a result, the combined position was reduced to 483 million barrels (30th percentile for all weeks since 2013) down from 680 million barrels (64th percentile) on Sept. 19. Chartbook: Oil and gas positionsThe most recent week saw massive sales across the board, including Brent (-65 million barrels) and NYMEX and ICE WTI (-40 million), U.S. gasoline (-15 million), European gas oil (-13 million) and U.S. diesel (-7 million). Most of the adjustment came from liquidation of former bullish long positions (-122 million barrels) rather than initiation of new bearish short ones (+18 million). Net positions in Brent (20th percentile), U.S. gasoline (25th percentile) and European gas oil (28th percentile) were all well below their long-term averages.

Persons: Nick Oxford, Brent, Cushing, John Kemp Organizations: Midland , Texas U.S, REUTERS, OPEC, Investors, ICE Futures, U.S . Commodity Futures Trading Commission, Funds, ICE, U.S . diesel, Thomson, Reuters Locations: Midland , Texas, U.S, NYMEX, Brent , U.S, Brent

In turn, higher rates will dampen interest-sensitive expenditure and likely lead to slower growth in oil consumption in 2024. Services are less energy-intensive but more labour-intensive than manufacturing, so the sector’s inflation rate tends to be more persistent and a better indicator of the overall amount of inflationary pressure within the economy. Most rate traders anticipate the central bank will be forced to keep overnight rates higher for longer to squeeze persistent inflation out of the economy. In the short term, the renewed expansion of the U.S. manufacturing and service sectors is supporting oil consumption and prices. In the medium term, however, the higher-for-longer rates needed to bring inflation back to target will likely depress business activity and slow oil consumption growth in 2024.

Persons: Eduardo Munoz, John Kemp, Rod Nickel Organizations: Exxon, REUTERS, Institute, Supply, Federal Reserve, Treasury, Thomson, Reuters Locations: Newport , New Jersey, U.S, United States, Europe, Ukraine

European distillate inventories were 25 million barrels (-6% or -0.84 standard deviations) below the seasonal average at the end of September. Singapore distillate stocks averaged 3 million barrels (-23% or 1.30 standard deviations) below the seasonal average in September. Chartbook: Global distillate inventories and pricesPortfolio investors have been reducing their exposure to middle distillates since late August, which has likely anticipated, accelerated and amplified the retreat in prices and margins. But inventories are already tight; any expansion will cause them to deplete further, rapidly putting renewed upward pressure on prices. Related columns:- U.S. manufacturing rebound will stretch diesel supplies (October 5, 2023)- Funds grow bullish on crude, cautious on distillates (September 18, 2023)- Global diesel shortage boosts prices (September 13, 2023)- U.S. diesel prices surge anticipating a soft landing (August 11, 2023)John Kemp is a Reuters market analyst.

Persons: Eric Gaillard, John Kemp, Jane Merriman Organizations: REUTERS, ICE Futures, U.S . Commodity Futures Trading Commission, U.S . Energy Information Administration, Global, U.S, Thomson, Reuters Locations: Nice, France, Singapore, New York, United States, U.S, Europe, China

Fund managers sold a total of 57 million barrels over latest two weeks after having purchased 398 million barrels over the previous 12 weeks since the end of June. Hedge funds and other money managers sold the equivalent of 3 million barrels over the week ended Oct. 3. Fund managers have sold gasoline in each of the latest three weeks by a total of 22 million barrels since Sept. 12. As a result, the net position has been cut to 48 million barrels (42nd percentile) from 71 million (77th percentile). Funds held a net long position of just 9 billion cubic feet (32nd percentile since 2010) down from a recent high of 743 billion cubic feet (48th percentile) on July 11.

Persons: Cushing, Brent, John Kemp, Bernadette Baum Organizations: REUTERS, ICE, U.S, Henry Hub, U.S . Commodity Futures Trading Commission, Funds, Thomson, Reuters Locations: Cushing , Oklahoma, U.S, Israel, Chartbook, Brent, NYMEX, Louisiana, Pacific, United States

WASHINGTON (AP) — Republicans in Wisconsin are threatening to impeach a recently elected state Supreme Court justice and raised the possibility of doing the same to the state’s election director. A Georgia Republican called for impeaching the Fulton County prosecutor who brought racketeering charges against former President Donald Trump. None of the targets met the bar traditionally set for impeachment — credible allegations of committing a crime while in office. Over the past two years, Republicans also have sought to pry Democrats and nonpartisan executives from office through recalls, legislative maneuvers and forced removals, even when no allegations of wrongdoing have surfaced. They’re upset with her over a legal settlement as voting began in 2020 that eased some rules for mailed ballots during the COVID-19 pandemic beyond what state law permitted.

Persons: Donald Trump, Republicans didn’t, Joe Biden, It’s, ”, Melissa Agard, Janet Protasiewicz, Ben Wikler, “, Robin Vos, we’re, Vos, Larry Krasner, impeaching Krasner, Fani Willis, Georgia’s, Brian Kemp, Sen, Colton Moore, Kemp’s, Ken Paxton, Paxton, Ron DeSantis, DeSantis, They’re, Gavin Newsom, Newsom breezed, Brian Kalt, ” Richard Hasen, ” ___ Bauer, Brooke Schultz Organizations: WASHINGTON, — Republicans, Georgia Republican, Republicans, Pennsylvania House, Congress, Democrat, Republican, Court, GOP, state's Democratic Party, Philadelphia, Democratic, Trump, Republican Gov, Caucus, Texas, Representatives, Justice Department, North Carolina Republicans, Michigan State University, University of California, Associated Press Locations: Wisconsin, Georgia, Fulton, Pennsylvania, Philadelphia, Fulton County, Florida, California, Los Angeles, Madison , Wisconsin, Harrisburg , Pennsylvania

Pressure gauges, pipes and valves are pictured at an "Dashava" underground gas storage facility near Striy, Ukraine May 28, 2015. Gas prices remain elevated compared with the years before Russia’s invasion of Ukraine in February 2022. Warmer-than-normal temperatures combined with sharp reductions in industrial consumption and high prices to curb gas use by power generators and others left the region with extraordinarily high inventories. Having taken a lot of pain upfront in the form of eye-wateringly high prices during winter of 2022/23, Europe’s gas storage is much better positioned for the winter of 2023/24. Related columns:- Europe’s gas storage must peak early this autumn (September 8, 2023)- Europe's record gas inventories cap prices (August 8, 2023)- Europe’s gas prices stabilise as storage additions slow (June 8, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: Gleb Garanich, Stocks, John Kemp Organizations: REUTERS, European Union, Gas Infrastructure, Thomson, Reuters Locations: Striy, Ukraine, Europe, United Kingdom, Asia

ATLANTA (AP) — Georgia soon will become the first state in the nation to offer medical marijuana products at independent pharmacies, state officials said. It will likely take a few weeks before medical marijuana is available in pharmacies. Medical marijuana is only available to Georgians with approval from a physician to treat severe illnesses including seizures, terminal cancers, Parkinson’s disease and post-traumatic stress disorder. Low THC oil can contain no more than 5% THC, the compound that gives users a high. The Georgia Department of Public Health recently disclosed it had miscounted and inflated the number of registered medical marijuana patients.

Persons: ”, Gary Long, they’ve, Mindy Leech, Lee, Brian Kemp, “ We’re, Jonathan Marquess, Marquess, Andrew Turnage Organizations: ATLANTA, —, Georgia, of Pharmacy, Botanical Sciences, The Atlanta, “, Pharmacy, Georgia General Assembly, Georgia Department of Public Health, Georgia Pharmacy Association, CVS, Walgreens, Medical Cannabis Commission Locations: — Georgia, Newnan, Georgia, Atlanta

ATLANTA (AP) — Georgia's state taxes on gasoline and diesel will be suspended for another month after Gov. The suspension of the taxes, at 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel, had been scheduled to end next Thursday but will now run through at least Nov. 11. Georgia's governor can suspend the collection of taxes during an emergency as long as lawmakers approve it the next time they meet. That was the lowest price among the states and down 37 cents since Kemp suspended the taxes. Pump prices also include a federal tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel.

Persons: Brian Kemp, Kemp, we’ll, ” Kemp Organizations: ATLANTA, —, Gov, Republican, General, AAA Locations: Georgia

THE COLONY, Texas (AP) — Hyo Joo Kim took the first-round lead Thursday in The Ascendant LPGA, breaking away at Old American with a back-nine birdie run in a 7-under 64. “My putting hasn’t been good, so I hadn’t been able to hit low scores,” Kim said. She's a rookie on the LPGA Tour. “I hit good drives, good approaches; I putted really nicely. Maddie shot 74 and amateur Ellie had a 76 in her LPGA Tour debut.

Persons: — Hyo Joo Kim, Kim, Azahara Munoz, Sofia Garcia, Yu, Sang Hou, Sarah Kemp of, American Marina Alex, ” Kim, “, ” Garcia, She's, ” Alex, Celine Boutier birdied, Lexi Thompson, Thompson, Charley Hull, Arpichaya, Maddie, Ellie Szeryk, Ellie, ___ Organizations: Old, Sarah Kemp of Australia, Texas Tech, LPGA, Globe, Solheim, CME Globe, Games Locations: Texas, Spain, Paraguay, Taiwan, American, Las Vegas, Arkansas, Thailand, China, Dallas

Renewed manufacturing growth will boost industrial energy consumption, especially for diesel, but with inventories still low, prices are set to escalate rapidly, rekindling concerns about inflation. SOFT LANDING? The mid-cycle slowdown or “soft landing” of 1989/90 and the cycle-ending “hard landing” of 1990/91 are usually considered as one episode. Blinder has argued the Federal Reserve would have achieved a soft landing if oil prices had not spiked for unrelated reasons. Related columns:- Global diesel shortage boosts prices (September 13, 2023)- Prolonged U.S. manufacturing slowdown barely dents energy use (September 5, 2023)- U.S. diesel prices surge anticipating a soft landing (August 11, 2023)- U.S. manufacturing slowdown fails to rebuild diesel stocks (August 2, 2023)John Kemp is a Reuters market analyst.

Persons: Bing Guan, Alan Blinder, Blinder, Saddam Hussein’s, ”, Saddam Hussein, Alan Greenspan, John Kemp, Alexander Smith Organizations: Angeles Refinery, California Air Resources Board, Institute, Supply, Federal Reserve, Reserve, Global, U.S, Thomson, Reuters Locations: Angeles, California, Carson , California, U.S, Kuwait, Blinder, United States, Europe, China

Oil drilling and production growth has slowed in a delayed response to the sharp drop in oil prices since the middle of 2022. In turn, the largest U.S. shale producers have indicated they have no intention of raising output in response to the recent rise in prices. US GAS PRODUCTIONLike U.S. oil production, gas output has also continued to increase, a lagged response to high prices in 2022, but the subsequent slump in prices has been more severe and is causing a more pronounced slowdown in output growth. With no equivalent of Saudi Arabia, Russia and OPEC+ to accelerate the rebalancing, U.S. gas producers have experienced prices lower for longer than their oil counterparts. Related columns:- U.S. oil futures surge as Cushing stocks evaporate (September 28, 2023)- Saudi oil minister deflects blame for rising prices(September 19, 2023)- U.S. oil and gas output nears peak(September 1, 2023)- U.S. oil and gas output still rising in response to high prices last year(June 1, 2023)John Kemp is a Reuters market analyst.

Persons: Liz Hampton, Cushing, John Kemp, Mark Potter Organizations: REUTERS, U.S . Energy Information Administration, Thomson, Reuters Locations: Loco Hills, New Mexico, U.S, Gulf, Mexico, Saudi Arabia, Russia, OPEC, Saudi

ATLANTA (AP) — A political group linked to Georgia Gov. Kemp announced his plan to back lawsuit limits in August at a meeting of the Georgia Chamber of Commerce. Kemp also argues lawsuit limits could help lower costs for inflation-pinched households, in part by lowering Georgia's high auto insurance rates. Most of that came from a $3.75 million transfer from Kemp's gubernatorial campaign, but a number of large companies and trade associations, including some backing lawsuit limits, made $25,000 contributions. Kemp also is using the money to bolster some Republican state lawmakers in the upcoming 2024 elections, while seeking to defeat some Democrats.

Persons: Brian Kemp, Kemp, ” Cody Hall, Burt Jones, Jon Burns, Donald Trump Organizations: ATLANTA, Georgia Gov, Georgia Chamber of Commerce, Georgia General Assembly, Gov, Leadership Committee, gubernatorial, Republican Party, Senate Locations: Georgia, Georgians

Funds continued to purchase NYMEX and ICE WTI (+16 million barrels), reflecting the intensifying squeeze on crude inventories around the delivery point at Cushing in Oklahoma. WTI purchases have totalled 152 million barrels over the five most recent weeks and taken the net position to 286 million barrels (60th percentile for all weeks since 2013). But funds were net sellers of Brent in the most recent week (-22 million barrels) after buying in the three previous weeks (+63 million). Chartbook: Oil and gas positionsOn the product side, fund managers were significant sellers of U.S. gasoline (-13 million barrels) and European gas oil (-7 million), which was only partially offset by some small buying of U.S. diesel (+2 million). U.S. NATURAL GASInvestors became increasingly bearish on the outlook for U.S. gas prices despite progressive elimination of the large inventory surplus inherited from 2022.

Persons: Nick Oxford, Brent, Cushing, John Kemp, Jan Harvey Organizations: REUTERS, ICE Futures, U.S . Commodity Futures Trading Commission, Funds, ICE, U.S ., U.S, Investors, Henry Hub, Climate, Nino, Thomson, Reuters Locations: Cushing , Oklahoma, Cushing, Oklahoma, Brent, Louisiana, U.S, Pacific, Saudi

☆ Georgia Republicans suspend state senator who wants to impeach DA for indicting Trump
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: +3 min

Chandan Khanna | Afp | Getty ImagesGeorgia's Republican Senate Caucus is suspending a GOP state senator who attacked them for opposing his plan to impeach Fulton County District Attorney Fani Willis for indicting former President Donald Trump. The caucus announced Thursday that it was indefinitely suspending state Sen. Colton Moore of Trenton, who represents a district in Georgia's northwest corner. Brian Kemp and many elected Republicans, on the one hand, and grassroots Trump backers who have captured control of Georgia's Republican Party organization. Willis has charged Trump and 18 others, including the former state Republican Party chair, with crimes related to the effort. After Republican state Sens.

Persons: Chandan Khanna, Fani Willis, Donald Trump, Sen, Colton Moore, Moore, Georgia RINOs, I'm, Brian Kemp, Kemp, Willis, Trump, Bo Hatchett, Shelly Echols Organizations: Atlanta Young Republicans, Republican, Afp, Getty, Caucus, GOP, Fulton, Georgia Senate's, Republicans, Trump, Gov, Republican Party Locations: Atlanta , Georgia, Fulton County, Trenton, Georgia's, Georgia, Sens

☆ Trump is attacking electric vehicles. Automakers already bet their future on them
▼ + stars: | 2023-09-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Legacy automakers are pivoting to electric vehicles in response to expected strong consumer demand, tougher environmental regulations both from US states and foreign countries, and a push from Wall Street. Electric vehicles have outpaced growth of traditional internal combustion engine (ICE) cars in recent years. But automakers bucked Trump and agreed to meet tougher standards set by California rather than the Trump administration’s rules. At a Detroit battery plant Wednesday, Trump said America didn’t need what the factory produced“This plant, we just walked through this plant and the electric vehicles are gonna put [automakers] out of business,” Trump said. Trump’s proposals could undermine US companies’ EV investments and hand over control of an increasingly EV future to foreign manufacturers.

Persons: Donald Trump, Donald Trump’s, “ don’t, Trump, ’, ”, Barry Rabe, EVs, Brian Kemp, Ford, Rabe, Biden’s, Tesla, Jon McNeill, McNeill, ” McNeill, EVs Trump, bucked Trump, ” Trump, “, Biden, Rishi Sunak, Lisa Brankin Organizations: New, New York CNN, Detroit, Cox Automotive, Biden, Environmental Protection Agency, University of Michigan, Hyundai, Kia, EV upstarts, Republican Gov, Environmental Defense Fund, Nissan, Mercedes, Benz, Wall, Investors, ICE, General Motors, GM, Biden’s EV, Legacy, DVx Ventures, Tesla, Obama, Trump, America, ” Ford, Fiat, Peugeot Locations: New York, Georgia, South Carolina, Alabama, United States, California, Detroit, Michigan, China

☆ DNA remnants found in fossil of 6 million year old turtle
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +3 min

Researchers excavate the 6 million year old fossil remains of a sea turtle of the genus Lepidochelys near La Pina along the Caribbean coast of Panama in this handout photograph taken in 2015 and obtained by Reuters on September 28, 2023. Cadena said the only older vertebrate fossils than the newly described turtle to have been found with similar DNA remnants were of two dinosaurs - Tyrannosaurus, which lived about 66 million years ago, and Brachylophosaurus, which lived about 78 million years ago. Cadena said DNA remnants also have been reported in insects dating to tens of millions of years ago. The turtle is from the same genus - Lepidochelys - as two of the world's seven living species of sea turtles - the Kemp's ridley, the world's smallest sea turtle, and the olive ridley, Cadena said. "Each fossil, each fossil site has specific conditions of preservation that in some cases could have favored preservation of original biomolecular remains such as proteins and DNA," Cadena said.

Persons: Carlos de Gracia, today's Kemp's ridley, Edwin Cadena, Cadena, ridley, Kemp's ridley, Will Dunham, Elida Moreno, Rosalba O'Brien Organizations: Reuters, REUTERS Acquire, Universidad del Rosario, Smithsonian Tropical Research, Pacific, Thomson Locations: La Pina, Panama, Handout, Bogota, Gulf of Mexico, Washington

But the challenge facing Fulton County Judge Scott McAfee in Georgia is unlike any of the others. For one, he is the only judge so far to allow television cameras in the courtroom to broadcast hearings and any trials. And the trials will play out in a battleground state that Trump narrowly lost in 2020. But the experience of some judges who have been thrust into the public eye point to potential pitfalls and dangers ahead for the 34-year-old Georgia native. “Hopefully, you have a life outside the law,” Cahill said during his talk in Reno about handling high-profile cases.

Persons: Peter Cahill, Derek Chauvin, George Floyd, you’re, ”, Donald Trump, Scott McAfee, Rudy Giuliani, Mark Meadows, McAfee, Aileen Cannon, Reggie Walton, Lewis ” Scooter, Libby, Dick Cheney, Roger Clemens, “, Lance Ito, Simpson, Critics, Jay Leno ”, Elizabeth Scherer, Nikolas Cruz, Cruz, Scherer, Eric Davis, Tanya Chutkan, Ito, Judy, he's, Han Chung, Chung, Trump's, E, Susan Garsh, Aaron Hernandez, ” Garsh, Fani Willis, Trump, Willis, — Chutkan, Barack Obama, Juan Manuel Merchan, Merchan, Chutkan, Brian Kemp, Kemp, ” Cahill Organizations: ATLANTA, Minnesota, National Judicial College, New York, Trump White House, Trump, Georgia, Senior, Associated Press, Los Angeles Superior, Delaware, Systems, Fox News, American Bar Association, U.S, New Yorker, McAfee, Massachusetts, New England Patriots, AP, Patriots, University of Georgia, Republican, Federalist Society, Emory University, Georgia Aquarium Locations: Minneapolis, Reno , Nevada, Fulton, Georgia, U.S, Florida, Los, Parkland, Washington, Fulton County, Gwinnett County, Reno

☆ Georgia Gov. Brian Kemp, who has long been one of Trump's biggest political targets, says he'll back the ex-president should he win the GOP nomination
▼ + stars: | 2023-09-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Brian Kemp says he'll back Trump should the ex-president win the GOP nomination. Kemp told The Atlanta Journal-Constitution that Trump "would still be a lot better than Biden." AdvertisementAdvertisement"Despite all of that, despite all of his other trials and tribulations, he would still be a lot better than Biden," Kemp said of Trump. "And the people serving in the administration would be a lot better than than Joe Biden." Last month, Kemp alluded to his support for the eventual GOP nominee, writing on X that "2024 is too important for political games."

Persons: Brian Kemp, he'll, Trump, Trump's, Kemp, Biden, Donald Trump, Sen, David Perdue, Joe Biden's, Perdue, Joe Biden Organizations: Georgia Gov, GOP, Atlanta, Service, Republican, Trump, Republicans Locations: Georgia, Wall, Silicon

But comments from Ms. Reynolds and Mr. Kemp have reinforced his comments as an issue. A spokesman for Ms. Reynolds declined to comment. Abortion rights backers say such early bans amount to near total prohibition. Mr. Trump has long appeared uncomfortable discussing abortion in the context of Republican politics, as a former Democrat who once favored abortion rights. Many Republican voters seem willing to give Mr. Trump a pass on the issue because of his role in overturning Roe.

Persons: DeSantis, Reynolds, Kemp, Trump, Roe, Wade Organizations: Republican Locations: Iowa

LONDON, Sept 19 (Reuters) - Saudi Arabia’s oil minister denied the kingdom’s recent production cuts have been intended to boost prices, in remarks at the World Petroleum Congress in Calgary on Sept. 18. jacking up prices, it’s about making the decisions that are right when we have the data,” he said (“Saudi Arabia’s energy minister says oil cuts not about jacking up prices”, Financial Times, Sept. 18). Relative contributions from production cuts and faster economic growth are impossible to establish with any certainty. Even after the rise in crude prices, however, they remain moderate compared with periods of high prices in 2007-2008 and 2011-2014 once inflation is taken into account. Related columns:- Oil prices surge as stocks drain away from Cushing (Sept. 15, 2023)- Depleting U.S. crude stocks draw in hedge funds (Sept. 11, 2023)- Depleting U.S. crude inventories lift oil prices (Aug. 31, 2023)John Kemp is a Reuters market analyst.

Persons: “ It’s, ”, Prince Abdulaziz bin Salman, It’s, ‘, Brent, John Kemp, Jan Harvey Organizations: World Petroleum Congress, Financial, . Energy, Reuters, International Energy Agency, Thomson Locations: Saudi, Calgary, China, Europe, North America, Saudi Arabia, Russia, U.S, Cushing

Hedge funds and other money managers purchased the equivalent of 41 million barrels in the six most important petroleum futures and options contracts over the seven days ending on Sept. 12. The net position in all products had fallen to 155 million barrels (71st percentile) on Sept. 12 down from 177 million (80th percentile) on Aug. 15. Short positions in NYMEX WTI slumped to just 21 million barrels on Sept. 12, the lowest for more than a year since June 2022. U.S. NATURAL GASInvestors remain ambivalent about the outlook for U.S. gas prices – torn between depleting inventories and the prospect of a warmer-than-average winter driven by a strong El Niño. The prospect of reduced consumption and slower export growth is weighing on gas prices and has kept them range bound for the last three months.

Persons: Richard Carson, bullishness, NYMEX WTI, Investors, John Kemp, David Evans Organizations: Department of Energy, Strategic Petroleum Reserve, REUTERS, ICE, U.S . diesel, Fund, distillates, Thomson, Reuters Locations: Freeport , Texas, U.S, Saudi Arabia, Europe, China, distillates, Saudi, Cushing, Oklahoma, NYMEX, distillates ., East Asia, North America, Pacific

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