- The Daily Trade
- Posts
- Georgia's Offshore Drilling Debate 🌊
Georgia's Offshore Drilling Debate 🌊
Ryan Serkes
June 16, 2025
The
Daily Trade
Hey Daily Traders,
The Bureau of Ocean Energy Management is considering offshore drilling leases along Georgia's coast, reopening a contentious debate. With a public comment deadline looming, this initiative has reignited concerns about potential environmental and economic impacts, drawing parallels to past disasters like the Deepwater Horizon spill.
In Ohio, former FirstEnergy executives are breaking their silence on the Ohio House Bill 6 bribery scandal. Their testimonies under immunity are shedding new light on the scandal's influence on energy policy and corporate practices, as ongoing investigations continue to unfold.
Here's what's happening today:
- 🌊 Offshore drilling threat resurfaces in Georgia
- ⚖️ Ex-FirstEnergy officials testify in bribery scandal
- 🔬 New Berea facility to inspire STEM careers
- 🎁 +10 more business & investing news stories you might like
- 📊 +4 technical analysis results
Question
Do you think the potential economic benefits of offshore drilling along Georgia's coastline outweigh the environmental risks and concerns raised by local communities and environmental groups?
Reply to this email with your answer
Market drops of 10% are something every investor faces, but most people don’t know how to turn them into a profit opportunity. Instead of simply watching your portfolio take a hit, what if you could learn to thrive during these market pullbacks? Mark Sebastian’s Weekly Profit Cycles system is designed to do just that. His strategy focuses on using those regular dips in the market to generate profits, helping you make the most of the down times. Whether the market is up or down, you can learn how to navigate market swings and make money when others are worrying.
Real Estate The Bureau of Ocean Energy Management is considering offshore drilling leases along the Georgia coast, reopening a controversial issue that has faced opposition from residents and lawmakers. The public has until Monday to comment on the proposal, which is part of a broader initiative to expand oil and gas production along the U.S. coastline. Despite a moratorium imposed in 2020, the potential for significant oil and gas resources has reignited the debate. Environmental groups and local officials argue that drilling could harm Georgia's coastal ecosystems and economy. The 2010 Deepwater Horizon spill is often cited as a cautionary tale. The initiative has sparked resolutions against drilling from multiple cities and state lawmakers, with bipartisan support. Coastal advocacy groups are urging citizens to voice their concerns before the deadline, highlighting the risks to tourism and marine life. Key Takeaway
|
Stock Market  Former FirstEnergy executives are testifying about their roles in the Ohio House Bill 6 bribery scandal, which involved a $60 million scheme to secure a bailout for nuclear plants. The testimony comes after key figures like Larry Householder and Matt Borges were sentenced for their involvement. The executives are speaking under immunity, shedding light on the inner workings of the scandal. The scandal has had far-reaching implications, leading to regulatory scrutiny and legal consequences for those involved. The testimonies are expected to reveal more about the bribery's impact on Ohio's energy policy and FirstEnergy's corporate practices. The hearings are part of ongoing investigations by the Public Utilities Commission of Ohio, which paused its probes to avoid interfering with federal investigations. Key Takeaway
|
Real Estate  A new STEM Exploration Center in Berea, Ohio, is set to revolutionize how students engage with science, technology, engineering, and math. The facility will feature industry-aligned exhibits, interactive experiences, and partnerships with regional companies to connect classroom learning with career opportunities. The project is the brainchild of Terry Malone, who aims to spark long-term interest in STEM fields. The center will offer hands-on learning opportunities and serve as a bridge between education and industry. It will include a tech-enabled Classroom Companion to bring industry experiences into schools. The initiative addresses the challenge of linking classroom lessons to real-world applications, aiming to inspire the next generation of STEM professionals. Key Takeaway
|
More Business & Investing news
- 📈 Consumer sentiment rises as inflation remains tame (Link)
- 🚨 ICE accused of using gas on delegation (Link)
- 🎮 Dave & Buster's promotes Les Lehner to CDO (Link)
- 🔍 Former hedge fund manager charged with insider trading (Link)
- 🛞 Goodyear and Bridgestone push for tax break (Link)
- 🏥 Jailed Missourians wait for mental health care (Link)
- 💰 Bitcoin Depot adds to Bitcoin treasury holdings (Link)
- 🏠 Home price growth expected to moderate (Link)
- 📰 Zacks Analyst Blog highlights top stocks (Link)
- 🇺🇸 Trump considers defense powers for rare-Earth projects (Link)
Today's Technical Analysis
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Hold |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Hold |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Hold | STOCH Hold |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Hold | ULTOSC Buy | STOCH Hold |
You might also like…
We’re always looking for opportunities to bring our readers more value so we’ve partnered with a handful of companies that we think you might enjoy.
If you have suggestions for companies we should partner with, let us know and we’ll reach out to them.
Do you have an idea for a new website or mobile app?
Under the leadership of tech entrepreneurs, Modern Launch develops software applications from scratch.
Are you looking for your next real estate investment?
Every day, Labrador scans the MLS and runs a cash-flow analysis on every property to deliver only the highest ROI opportunities.
Do you want to try the best wines?
Get weekly wine recommendations from top sommeliers at Pour Decisions.
Want to explore other newsletters?
Take a look at some of the other newsletters our readers love.
Thanks for Reading!
Have ideas to improve our newsletter? Let us know
Want to reach our readers? Become a sponsor
Was this email forwarded to you? Subscribe here
How would you rate today's newsletter?If there's anything I can do better, please reply to this email and let me know! |
Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
Disclaimers and Disclosures
The information contained in this newsletter is for informational and educational purposes only and is not intended to constitute investment advice or to address the individual financial circumstances or objectives of any subscriber. Nothing in this publication should be construed as a solicitation, offer, or recommendation to buy or sell any security, investment product, or financial instrument. All opinions expressed herein are solely those of the publisher and are subject to change without notice.
We strongly recommend that you consult with a qualified financial advisor, tax professional, or legal counsel before making any investment decisions. Investing involves risk, including the potential loss of principal. Past performance is not indicative of future results.
Some investment opportunities or companies featured in this newsletter may be presented through paid sponsorships or partnerships. If an opportunity is sponsored or we have a financial relationship with the issuer or promoter, we may or may not disclose this clearly. However, inclusion of any such opportunity does not constitute an endorsement or recommendation, and you should assume that we may have a financial interest in some of the opportunities discussed.
You should not rely solely on the information presented in this newsletter to make any investment decision. You are solely responsible for your own due diligence, investment decisions, and the evaluation of the risks involved. We are not liable for any losses or damages — direct, indirect, incidental, or consequential — arising from any reliance placed on the information in this newsletter, including but not limited to any investment or business decision you make based on such information.
Although we obtain information from sources we believe to be reliable, we do not warrant its accuracy, completeness, or timeliness. Any data, commentary, or analysis may be incomplete, outdated, or not reflect current market conditions, including after-hours trading, material news, or broader economic developments.
This newsletter and all of its content are the proprietary information and property of The Daily Trade and are licensed solely for the personal, individual use of each subscriber. Any unauthorized distribution, reproduction, forwarding, or quotation of the content herein is strictly prohibited.
By reading this newsletter, you agree to the above terms and acknowledge and accept the inherent risks of investing.