Pumpkin pie and Caribou soup:   Inauguration Alaska style!

There’s never been an Alaska inauguration like this: Noorvik welcomes Dunleavy
Kyle Hopkins, Anchorage Daily News, December 3, 2018

Picture a schoolhouse, smelling of pumpkin pie and caribou soup, surrounded by miles of frosted tundra. There has never been an inauguration ceremony for an Alaska governor quite like this. A former state senator and Republican, he becomes just the 12th person to hold the office. “Folks are really excited,” said high school basketball coach Mike Zibell, who grew up in this Inupiat village with Dunleavy’s wife, Rose. The governor-elect canceled plans to make the final leg of the journey by snowmachine and shortened the visit after Friday’s earthquake placed Southcentral Alaska in a state of emergency. Dunleavy was expected to take the oath of office by noon in front of up to 600 people. (The official village population is 669.) GCI Channel 1 will broadcast the event beginning at 10:30 a.m.

Our Take: Congratulations to Governor Dunleavy!   AKHEADLAMP looks forward to his administration and their commitment to responsible resource development.  

Shell to tie exec pay to new climate targets
Eoin O’Cinneide, Upstream Online, December 3, 2018

Shell is planning to tie executive remuneration to new short-term goals as part of its wider drive to tackle emissions from oil and gas activities. The Anglo-Dutch supermajor will from 2020 start setting goals for three- or five-year periods to reduce its net carbon footprint from energy products in its portfolio. These targets will be set every year for the next three or five years until 2050.

Canada’s Unprecedented Oil Cut Plan Boosts Crude, Stocks
Kevin Orland, Bloomberg, December 3, 2018

Alberta’s announcement that it will cut oil production next year to bolster prices sent crude soaring and boosted shares of Canadian producers. The unprecedented move by the country’s largest oil-producing province is aimed at easing the crisis in the nation’s energy industry. The plan announced on Sunday will lower production of raw crude and bitumen from Alberta by 325,000 barrels a day, or 8.7 percent, from January until excess oil in storage is drawn down. The reduction would then drop to 95,000 barrels a day until the end of next year at the latest.

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Iran Warns Oil Will Slump to $40 If OPEC Fails to Cut Production

Dow rises more than 100 points after Trump and Xi agree to pause the US-China trade war
Fred Imbert, John Melloy, CNBC, December 3, 2018

U.S. stocks rose on Monday after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day ceasefire in the trade war that has weighed heavily on global stock markets for most of 2018. The Dow Jones Industrial Average rose 148 points while the S&P 500 gained 0.6 percent. The Nasdaq Composite rose 1.1 percent. The consumer discretionary sector in the S&P 500 was the best performer, rising more than 2 percent. Amazon and Apple rose 4.6 percent and 1.9 percent, respectively. Stocks came off their highs in midmorning trading, however. At its high of the day, the Dow had risen nearly 442 points.