Oil firms drilling in the Permian Basin are cautiously optimistic as the ongoing war props up West Texas Intermediate. Plus: The Japanese yen, the bond market, Colorado peaches, and a part-time court reporter.
Oil companies that drill in West Texas are seeing big wartime profits, but many are holding back on aggressive capital spending, wary of repeating the boom-bust cycles that followed the pandemic when prices collapsed after a drilling surge.
One of Colorado’s most productive peach farmers is preparing for the possibility that irrigation water may be turned off before the harvest is finished.