Locator: 48618B.
IRA: IRS has clarified rules on inherited IRAs. Link here. Bottom line: beneficiaries will see need for much larger distributions in 2025 -- and that comes after an incredible 2024 -- stock market probably pushed some IRAs up 20 - 30% y/y -- inherited IRAs will have appreciated significantly -- EOY 2024 basis will result in huge distribution requirement and great news for government/IRS.
Pre-market trading suggests tech could have an incredible day. What's up? Apple news -- iPhone sales soar in China.
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Back to the Bakken
WTI: $70.40.
Sunday, October 20, 2024: 37 for the month; 37 for the quarter, 551 for the year
40266, conf, Silver Hill Energy, CO 158-92-7-6-1MBH,
None.
Friday, October 18, 2024: 36 for the month; 36 for the quarter, 550 for the year
26027, conf, Grayson Mill, Moberg Federal 149-95-29-32-11H
26025, conf, Grayson Mill,, Moberg Federal 149-95-29-32-4H,
22198, conf, Grayson Mill, Moberg Federal 149-95-29-32-3H,
RBN Energy: carbon-capture projects reach major milestones, but not all the news is good.
Progress in the carbon-capture industry can be slow, given the extended permitting process for sequestration wells, uncertain long-term outlook and skepticism about the real-world effectiveness in reducing carbon dioxide (CO2) emissions. The past several weeks have been a better-than-usual period for advocates of carbon capture and sequestration (CCS), with significant milestones reached for a trio of important projects under development, but not all the news was positive. In today’s RBN blog, we’ll look at what’s happening with a handful of key CCS projects.
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