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☆ Miami Beach to spring breakers: Respect curfews and closed beaches, or go somewhere else
▼ + stars: | 2024-03-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Miami Beach has launched an ad campaign "breaking up" with spring break tourism. Last year, two people were fatally shot during spring break, leading Miami Beach to declare a state of emergency. Police made 573 arrests in Miami Beach last spring break, as well as confiscated over 100 guns, The Wall Street Journal reported. Though many travelers have already made plans — and may not have seen the ad campaign — the "breakup" could reduce disorder. Still, some commenters on YouTube and X noted that these restrictions may not stop spring break travelers from coming.

Persons: —, it's, Dan Gelber, Miami Beach Mayor Steven Meiner Organizations: Miami Beach, Service, YouTube, Police, Street Journal, Miami Beach's, Beach, Miami Beach Mayor Locations: Florida, Miami, Miami Beach

☆ US natgas prices drop 7% on record output, mild weather
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +3 min

Front-month gas futures for December delivery on the New York Mercantile Exchange fell 25.1 cents, or 7.1%, to settle at $3.264 per million British thermal units (mmBtu), their lowest close since Oct. 27. One bearish factor that has weighed on the futures market for most of this year has been lower spot or next-day prices at the Henry Hub benchmark in Louisiana. The spot market has traded below front-month futures for 176 out of 212 trading days so far this year, according to data from financial firm LSEG. That premium could encourage some speculators to leave gas in storage for longer in hopes of higher prices later in the winter. With seasonally colder weather coming, LSEG forecast U.S. gas demand in the Lower 48 states, including exports, would jump from 101.5 bcfd this week to 109.2 bcfd next week.

Persons: El, Gelber, LSEG, Scott DiSavino, Bernadette Baum, Josie Kao Organizations: El Nino, Associates, U.S . Energy Information Administration, New York Mercantile Exchange, Henry, Thomson Locations: Louisiana, contango, U.S

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. On its first day as the front-month, Brent futures for December delivery settled $1.49, or 1.6%, lower at $90.71 a barrel, or down about 5% from where the November contract expired on Friday. Analysts said some traders took profits after crude prices rose nearly 30% to 10-month highs in the third quarter. Higher interest rates along with a stronger dollar, which makes oil more expensive for holders of other currencies, could dent oil demand. A Reuters survey showed OPEC oil output rose for a second straight month in September despite cuts by Saudi Arabia.

Persons: Agustin Marcarian, Brent, Gelber, Edward Moya, Scott DiSavino, Paul Carsten, Yuka Obayashi, Emily Chow, Marguerita Choy, David Gregorio Our Organizations: REUTERS, U.S ., . West Texas, New York Mercantile, Intercontinental Exchanges, U.S . Commodity Futures Trading Commission, Associates, U.S, . Federal Reserve, World Bank, ING, Organization of, Petroleum, Reuters, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, U.S, Europe, Germany, Britain, China, Iraq, Saudi Arabia, OPEC, Russia, New York, London, Tokyo

NEW YORK (AP) — Pets provide joy and companionship, but costs can add up quickly, especially if you're a first-time owner and don't know what to expect. Once you get them home, pets need a bed, food, leashes and harnesses and grooming supplies, among other things. Gelber ended up paying a small fraction of those amounts because she had pet insurance, which she got knowing that French bulldogs are prone to getting sick. But Simon, who has had dogs for 25 years, has never gotten pet insurance and has not needed it during that time. Regardless of how much they have spent on their dogs, Chavez, Gelbert and Simon agree they don't regret having them in their lives.

Persons: it's, ”, Wendy Hauser, Melissa Chavez, Milo, “ I’ve, ” Chavez, Kerry O'Hara, Lauren Gelber, Gelber, Sharon Simon, Simon, Hauser, “, Maine coons, " Hauser, Chavez, I’m, “ Don’t, Gelbert, Charles Schwab Organizations: American Pet Products Association, American Society for, French bulldogs, bulldogs, Facebook, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: APPA, Marin , California, Europe, Salinas , California, Maine

☆ Most COVID deaths in Florida happened after vaccines were readily available: NYT
▼ + stars: | 2023-07-25 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Ron DeSantis was an early proponent of the COVID vaccine, urging the elderly to get the shot. A New York Times report this week suggests a spike in Florida Covid deaths in July 2021 could be related. Florida made up 14% of deaths between July and October 2021, despite representing less than 7% of the country, according to The Times. But local officials in Florida told The Times that DeSantis' public shift on vaccines was notable. But DeSantis' vaccine pivots are worth reckoning with, Dan Gelber, the Democratic mayor of Miami Beach, told The Times.

Persons: Ron DeSantis, DeSantis, —, Dr, Joseph Ladapo, Floridians, Alina Alonso, Dan Gelber, " Gelber Organizations: New York Times, Service, Times, Democratic, The Times, Republican, Florida, Palm, Miami Beach Locations: Florida, Wall, Silicon, Palm Beach County

Brent futures rose $1.13, or 1.4%, to settle at $79.63 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.60, or 2.2%, to settle at $75.75. Higher interest rates increase borrowing costs and can slow economic growth and reduce oil demand. Energy traders expect "the oil market will remain tight as Russian shipments drop and as China prepares to provide more support to households," said Edward Moya, senior market analyst at data and analytics firm OANDA. Looking ahead, the oil market is waiting for U.S. oil inventory data from the American Petroleum Institute (API), an industry group, on Tuesday and the EIA on Wednesday. Analysts in a Reuters poll forecast a 2.4-million barrel draw from U.S. crude stocks during the week ended July 14.

Persons: Edward Moya, Kristalina Georgieva, Gelber, Natalie Grover, Stephanie Kelly, Andrew Hayley, David Holmes, Jan Harvey, Jonathan Oatis Organizations: . Federal, U.S, West Texas, ING, Energy, Monetary, U.S . Energy Information Administration, American Petroleum Institute, Associates, World Meteorological Organization, Thomson Locations: China, U.S, Europe, Asia, London, New York, Beijing

NEW YORK, June 28 (Reuters) - Oil prices climbed about 3% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, offsetting worries that further interest rate hikes could slow economic growth and reduce global oil demand. U.S. West Texas Intermediate (WTI) crude rose $1.86, or 2.8%, to settle at $69.56, narrowing Brent's premium over WTI to its lowest since June 9. The U.S. Energy Information Administration (EIA) said crude inventories dropped by 9.6 million barrels in the week ended June 23, far exceeding the 1.8-million barrel draw analysts forecast in a Reuters poll and also much bigger than the 2.8 million barrel draw a year earlier. This report could be a bottom (for oil prices)," said Phil Flynn, an analyst at Price Futures Group. Investors remained cautious that interest rate hikes could slow economic growth and reduce oil demand.

Persons: Brent, Phil Flynn, Jerome Powell, Flynn, Powell, Christine Lagarde, Gelber, Shariq Khan, Alex Lawler, Mohi Narayan, Emma Rumney, Mark Potter, David Gregorio, Cynthia Osterman Organizations: YORK, . West Texas, U.S . Energy Information Administration, Price Futures Group, Investors, . Federal, European Central Bank, Associates, Organization of, Petroleum, Thomson Locations: WTI, Russia, Saudi, China, Bengaluru, London, New Delhi

U.S. West Texas Intermediate (WTI) crude rose $1.63, or 2.45%, to $69.33. The U.S. Energy Information Administration (EIA) said crude inventories dropped by 9.6 million barrels in the week ended June 23, far exceeding the 1.8-million barrel draw analysts forecast in a Reuters poll and also much bigger than the 2.8 million barrel draw a year earlier. This report could be a bottom (for oil prices)," said Phil Flynn, an analyst at Price Futures Group. Investors remained cautious that interest rate hikes could slow economic growth and reduce oil demand. Analysts at energy consulting firm Gelber and Associates said that decline in backwardation suggested "diminishing worries over potential supply shortages."

Persons: Brent, Phil Flynn, Jerome Powell, Flynn, Powell, Christine Lagarde, Gelber, backwardation, Shariq Khan, Alex Lawler, Mohi Narayan, Emma Rumney, Mark Potter, David Gregorio Our Organizations: YORK, . West Texas, U.S . Energy Information Administration, Price Futures Group, Investors, . Federal, European Central Bank, Associates, Organization of, Petroleum, Thomson Locations: WTI, Russia, OPEC, Saudi, China, Bengaluru, London, New Delhi

☆ U.S. dollar struggles, pound hits one-year high
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: +2 min

The dollar index, which measures the currency against six rivals, was slightly higher at 101.41, a better showing than the one-year low of 100.78 reached last month. Fed funds futures traders are now pricing for the fed funds rate to reach 4.993 in July, and remain below that all year. Sterling hit a more than one-year peak against the dollar on Monday, with the pound trading as high as $1.2668, its highest since April 2022, but slipped slightly below that, and was last seen at $1.2614. The pound remains in focus this week ahead of an expected Bank of England rate increase on Thursday, and has also been firming versus the euro. Meanwhile, U.S. inflation data due on Wednesday, could indicate whether the Fed must do more to rein in inflation.

☆ The President, the Soccer Hooligans and an Underworld ‘House of Horrors’
▼ + stars: | 2023-05-03 | by ( Robert F. Worth | ) www.nytimes.com time to read: +3 min

direction, and he chose not to.” Serwer speculated that Vucic has concluded the reforms required to join the E.U. The notion that Serbia can “balance” the West against Russia is largely a mirage, Bassuener said. One afternoon in Belgrade, I spent an hour talking to Boris Tadic, who served as Serbia’s president from 2004 until 2012, when he lost to Vucic’s party. Vucic, he said, had “helped put criminals in power” with the belief that he could control them. “What is the final outcome of your power if you’re going to destroy the foundations of society with hooligans and criminals?” he asked.

☆ Some of Florida's cities don't want spring breakers. With the state's economy booming, many don't need them.
▼ + stars: | 2023-04-01 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Miami Beach's mayor recently said officials "don't want spring break in our city." Spring break is among the reasons the state generates billions of dollars in tax revenue per year from tourism. But there are signs that booming population growth, which Florida's Office of Economic and Demographic Research has described as the state's "primary engine of economic growth," could help diversify the state's economy. The number of arrests in the city during spring break more than doubled in 1986 from the same period in 1985. While thousands of college students still frequent Fort Lauderdale during spring break, the city's current mayor, Dean Trantalis, described them as "very well behaved."

☆ Miami Beach Wants to Cancel Spring Break, Sets Curfew After Deadly Shootings
▼ + stars: | 2023-03-20 | by ( Gareth Vipers | ) www.wsj.com time to read: 1 min

A man was handcuffed after witnesses said he appeared to be brandishing a knife in Miami Beach, Fla., on Sunday. Authorities in Miami Beach, Fla., have said they no longer want spring breakers to visit the city after two fatal shootings involving partygoers over the weekend. Miami Beach Mayor Dan Gelber imposed a curfew on visitors Sunday night and said his administration would consider extending restrictions for the coming weekend.

Like Trump, Bush has experienced what it's like to watch a younger man overshadow him, a man he worked hard to support. Bush and Rubio were allies in Florida government, and Rubio was widely viewed as a Bush protége. There is nobody who can even come close to generating the excitement and enthusiasm as President Trump has and will do in 2024." In the end, Trump branding Bush as "low energy" wasn't the only thing standing between Bush and the nomination. "DeSantis is like the one person who has gotten more out of Trump than Trump has gotten out of them."

☆ US natgas plunges 15% on less cold forecasts, biggest drop in 8 months
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: +4 min

U.S. natural gas futures plunged by about 15% on Monday - its biggest one-day drop in over eight months —on forecasts for much less cold weather and heating demand than previously expected over the next two weeks. "This has translated to ... [gas] demand lost over the forecast period ... With the vast majority of that being [residential and commercial] demand," Gelber said. The gas market is used to huge price swings, which are usually related to changes in weather forecasts. When operating at full power, Freeport LNG, the second-biggest U.S. LNG export plant, can turn about 2.1 bcfd of gas into LNG for export. That compares with a monthly record of 12.9 bcfd in March 2022, before the Freeport LNG facility shut.

☆ U.S. natgas futures jump 7% in volatile week on cold forecasts
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +4 min

Freeport LNG submitted a draft Root Cause Failure Analysis to the Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) on Nov. 1, according to sources familiar with the filing. Freeport LNG, however, has not yet submitted a request to resume service. Prism Brilliance, Prism Diversity and Prism Courage were waiting off the coast from the plant, and Prism Agility was expected to arrive around Nov. 29. In what has already been an extremely volatile week, front-month gas futures rose 42.5 cents, or 7.1%, to settle at $6.400 per million British thermal units (mmBtu), the highest close since Oct. 14. With the coming of seasonally colder weather, Refinitiv projected average U.S. gas demand, including exports, would rise from 97.6 bcfd this week to 100.1 bcfd next week and 119.0 bcfd in two weeks.

☆ U.S. natgas futures drop 10% on profit-taking, mild forecasts
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +4 min

Nov 1 (Reuters) - U.S. natural gas futures dropped about 10% on Tuesday, following a 12% rise on Monday as traders took profits during a period of extreme volatility after the latest forecasts called for the weather to remain mild for the next two weeks. Analysts at energy consulting firm Gelber & Associates said the "early week surge in ... gas futures (saw) signs of exhaustion today as profit-takers pile on." Front-month gas futures fell 64.1 cents, or 10.1%, to settle at $5.714 per million British thermal units (mmBtu). Daily output was on track to drop about 4.5 bcfd to a preliminary five-month low of 95.7 bcfd on Tuesday. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

Oct 24 (Reuters) - U.S. natural gas futures jumped about 5% after sliding to a fresh seven-month low earlier in the session on a technical rebound and expectations demand would rise as liquefied natural gas (LNG) exports increase once export plants exit maintenance outages in coming weeks. Some traders expect Freeport will return to service in November while others believe the return will be delayed. Front-month gas futures rose 24.0 cents, or 4.8%, to settle at $5.199 per million British thermal units (mmBtu). During the first nine months of 2022, roughly 60%, or 6.3 bcfd, of U.S. LNG exports went to Europe, as shippers diverted cargoes from Asia to fetch higher prices. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

☆ U.S. natgas falls 4% to 3-mth low on mild weather, global price collapse
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +4 min

Oct 18 (Reuters) - U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next two weeks. U.S. gas prices have been declining for eight weeks as record domestic output and reduced liquefied natural gas (LNG) exports have allowed utilities to inject much more gas than usual into storage. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe. With milder weather coming, Refinitiv projected average U.S. gas demand, including exports, would fall from 101.0 bcfd this week to 95.9 bcfd next week. U.S. LNG exports, however, could start to rise this week if Cove Point returns to service as some traders expect.

☆ U.S. natgas jumps 4% on rising demand, renewed rail strike worries
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Nick OxfordSept 21 (Reuters) - U.S. natural gas futures jumped about 4% to a near one-week high on Wednesday, on forecasts for stronger U.S. gas demand this week than previously expected and renewed worries about a possible U.S. rail strike. A rail strike could boost demand for gas by threatening coal supplies to power plants. Gas prices rose despite expectations gas demand would decline next month when the Cove Point liquefied natural gas (LNG) plant in Maryland shuts for a couple weeks of maintenance in October. Global gas prices have soared due to supply disruptions and sanctions linked to Russia's Feb. 24 invasion of Ukraine. With the coming of cooler autumn weather, Refinitiv projected average U.S. gas demand, including exports, would slip from 92.3 bcfd this week to 89.8 bcfd next week.

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