Holy Come Back! According to Merriam-Webster, the term come back means “to return to life or vitality.” Um, yeah. That pretty much describes the Kansas City Chief’s victory in Super Bowl LIV last night. The total combined yardage of the Chief’s final three touchdown drives of the game was a staggering 190 and was more than the 175 total yards they had up to that point in the game. Kansas City’s win marked the end of a 50-year Super Bowl drought for the Chiefs.
While we’re talking numbers, it’s worth pointing out the Chief’s had to overcome a double-digit deficit to secure a win for the third time this postseason. And lastly, quarterback Patrick Mahomes made history by becoming the youngest player in NFL history to win Super Bowl MVP honors.
We’re just glad that Super Bowl lived up to its name. Speaking of expectations, here’s this week’s Jolt.
Why So Crude? Crude oil prices continued to slide last week and were down again on Monday, trading around $50 a barrel. The coronavirus remained a significant factor in reducing crude oil demand in China and creating a bearish attitude among investors. Nearly every major Chinese industry experienced lost output, with Morgan Stanley projecting a 75,000 barrel a day drop in China’s 2020 oil demand growth if the virus keeps escalating. WTI crude fell nearly 16% on the month, its worst performance since May 2019. The Baker Hughes oil rig count decreased last week, going from 676 to 675 and indicating reduced domestic production.
Where’s Winter? Natural gas futures closed lower last week, but higher on Friday. The selling pressure throughout the week represented the headwinds from the weak winter weather season. – Yahoo Finance
Trash To Electricity? Australia’s landfills are reaching capacity, forcing leaders there to find new solutions — ones that involve turning waste into electricity. – Forbes
Super Tech! Tech giants did not disappoint when it came to commercials during the Super Bowl. In case you missed it, check out Tech Radar’s list of best and worst. – Tech Radar
Making A Difference! Marathon’s own Lauren Henophy created a foundation in her brother’s name, The Jeremy P. Kearns Foundation, after his tragic death working as a lineman. The foundation is dedicated to assisting IBEW families struck by tragedies and continuing education in aviation and line work. For more information about this foundation or to attend upcoming events click here.
Remember, if you or your company are involved in helping your community, please let us know by emailing us here. After all, Marathon Cares.