‘It’s all about connection,’ Statement Peace makes jewelry with sustainability in mind2 arrested for firing gun at birthday party in Pine Manor
NORTH NAPLES ‘It’s all about connection,’ Statement Peace makes jewelry with sustainability in mind The brand Statement Peace, once started inside founder Jessica Lee’s home, is now in 2,700 stores across the country
Pine Manor 2 arrested for firing gun at birthday party in Pine Manor A party ended with two people behind bars.
FORT MYERS Shooting investigation on busy Fort Myers street Police are conducting a shooting investigation that involves a traffic crash near Michigan Avenue and Dr. Martin Luther King Boulevard.
FGCU New FGCU athletic director Colin Hargis ready to build on department’s success New FGCU athletic director Colin Hargis talks about the department’s future amid the age of NIL and the transfer portal.
FORT MYERS More middle-aged women being treated for acne You probably thought you broke up with it after high school, but acne is rearing it’s ugly blackheads in adult women.
Lee County student ran up and hit teacher in head, report shows The report says a 13-year-old student ran up and smacked a teacher in the head because multiple classmates offered him money to do so.
NAPLES Collier Planning Commission continues discussion for apartments near Fiddler’s Creek The developer of Fiddler’s Creek wants to build hundreds of luxury apartments on a slice of a 600 acre-plus property known as section 29.
CAPE CORAL Fatigue sets in for third day of FEMA hearings Flying several hours to come to a FEMA code compliance hearing in Cape Coral is the reality for John Gasparini from Maryland.
Prescription drug shortages lead to higher prices There are currently more than 250 medications on the nation’s drug shortage list, according to the American Society of Health-System Pharmacists. The organization says 2023 marked the worst year for shortages in about a decade.
Mental health resources to help children Here are some resources to help you navigate the mental health system when it comes to help for children. Park Royal Park Royal does not have in-patient options for youth; however, the facility’s launched a new intensive outpatient program for 14 to 17-year-olds. It typically last several weeks or months, and offers three to five […]
NAPLES Video: FWC releases bobcat after rehab stint at Naples Zoo Wildlife officials released a bobcat back into the wild after recovering from a broken leg at Naples Zoo for eight weeks.
Single-member vs. at-large voting debate intensifies in Lee County Three members of Southwest Florida’s state Legislature delegation hosted a public forum May 1 at Lehigh Acres Municipal Services Improvement District, established by the state in 2015.
Unsolved: sawfish deaths rise during Florida Keys mystery More endangered smalltooth sawfish deaths were reported in the Florida Fish and Wildlife Conservation Commission’s weekly report.
Emails show beginnings, contradictions of South Seas resort amendment South Seas resort ownership group’s engineer proposed a land-use amendment for Lee County’s government at least six months before the first public discussions and at least seven weeks before the county’s official timeline began, emails between the resort’s representatives and county show.
ALVA SR 31: a dangerous road and persistent safety concern State Road 31 proves hazardous once again, with a recent fatal crash highlighting ongoing safety concerns. The road — particularly the stretch at the Lee/Charlotte county line — has seen numerous crashes, including Wednesday’s incident involving a 19-year-old who died after crashing with a car hauler. The Florida Highway Patrol has not released the victim’s […]
NORTH NAPLES ‘It’s all about connection,’ Statement Peace makes jewelry with sustainability in mind The brand Statement Peace, once started inside founder Jessica Lee’s home, is now in 2,700 stores across the country
Pine Manor 2 arrested for firing gun at birthday party in Pine Manor A party ended with two people behind bars.
FORT MYERS Shooting investigation on busy Fort Myers street Police are conducting a shooting investigation that involves a traffic crash near Michigan Avenue and Dr. Martin Luther King Boulevard.
FGCU New FGCU athletic director Colin Hargis ready to build on department’s success New FGCU athletic director Colin Hargis talks about the department’s future amid the age of NIL and the transfer portal.
FORT MYERS More middle-aged women being treated for acne You probably thought you broke up with it after high school, but acne is rearing it’s ugly blackheads in adult women.
Lee County student ran up and hit teacher in head, report shows The report says a 13-year-old student ran up and smacked a teacher in the head because multiple classmates offered him money to do so.
NAPLES Collier Planning Commission continues discussion for apartments near Fiddler’s Creek The developer of Fiddler’s Creek wants to build hundreds of luxury apartments on a slice of a 600 acre-plus property known as section 29.
CAPE CORAL Fatigue sets in for third day of FEMA hearings Flying several hours to come to a FEMA code compliance hearing in Cape Coral is the reality for John Gasparini from Maryland.
Prescription drug shortages lead to higher prices There are currently more than 250 medications on the nation’s drug shortage list, according to the American Society of Health-System Pharmacists. The organization says 2023 marked the worst year for shortages in about a decade.
Mental health resources to help children Here are some resources to help you navigate the mental health system when it comes to help for children. Park Royal Park Royal does not have in-patient options for youth; however, the facility’s launched a new intensive outpatient program for 14 to 17-year-olds. It typically last several weeks or months, and offers three to five […]
NAPLES Video: FWC releases bobcat after rehab stint at Naples Zoo Wildlife officials released a bobcat back into the wild after recovering from a broken leg at Naples Zoo for eight weeks.
Single-member vs. at-large voting debate intensifies in Lee County Three members of Southwest Florida’s state Legislature delegation hosted a public forum May 1 at Lehigh Acres Municipal Services Improvement District, established by the state in 2015.
Unsolved: sawfish deaths rise during Florida Keys mystery More endangered smalltooth sawfish deaths were reported in the Florida Fish and Wildlife Conservation Commission’s weekly report.
Emails show beginnings, contradictions of South Seas resort amendment South Seas resort ownership group’s engineer proposed a land-use amendment for Lee County’s government at least six months before the first public discussions and at least seven weeks before the county’s official timeline began, emails between the resort’s representatives and county show.
ALVA SR 31: a dangerous road and persistent safety concern State Road 31 proves hazardous once again, with a recent fatal crash highlighting ongoing safety concerns. The road — particularly the stretch at the Lee/Charlotte county line — has seen numerous crashes, including Wednesday’s incident involving a 19-year-old who died after crashing with a car hauler. The Florida Highway Patrol has not released the victim’s […]
FILE: Wawa Fort Myers gas station in August 2019. (Credit: WINK News/FILE) OPEC and its allies are once again being forced to consider dramatic action to avert a crash in oil prices. The Saudi Arabia-led cartel and Russia (collectively called “OPEC+”) are widely expected to announce in Vienna on Friday an agreement to extend production cuts designed to put a floor beneath prices. But a simple rollover of existing cuts by OPEC+ may not stanch a looming ocean of American oil expected to arrive next year. If OPEC+ fails to make these deeper production cuts, the world oil market will be oversupplied by about 800,000 barrels per day during the first half of 2020, according to consulting firm Rystad Energy. The ensuing supply glut would spark a “significant oil price correction,” driving Brent crude into the low $40s for a short period of time, Rystad predicted. That represents a plunge of about 30% from current levels of nearly $63 a barrel. “The outlook will be bleak if OPEC+ fails to agree on additional cuts,” Bjørnar Tonhaugen, head of oil market research at Rystad Energy, wrote in a note published on Tuesday. Oil traders expect OPEC+ will reach a deal to extend the production cuts by at least several months. The existing production cut agreement is due to expire in March. “Anything short of a rollover to June and the market should brace for some very bearish price action,” analysts at consulting firm FGE wrote in a report on Wednesday. Oil prices soared more than 3% on Wednesday on hopes for OPEC action. Iraq’s oil minister expressed support to extend the production agreement for all of 2020, according to Reuters. Record-setting non-OPEC output The restraint by OPEC and Russia has largely succeeded in supporting prices, though they remain well below the $70 level hit in October 2018. The problem is that non-OPEC nations, led by the United States, continue to ramp up production. Oil output from non-OPEC countries is expected to surge by a record 2.3 million barrels per day in 2020, according to Rystad. That would easily top the previous record of 1.96 million set in 1978. Not surprisingly, the US shale oil revolution is the biggest contributor to the coming gush of oil. US production is expected to climb by another 1.1 million barrels per day in 2020, Rystad said. But it’s not just about US shale oil. Norway and Brazil are also expected to add a combined 1 million barrels per day of oil production next year, according to Rystad. Canada and Guyana are poised for growth as well. Another headache for OPEC: Some of its members, including Nigeria and Iraq, have not adhered to the cartel’s production quotas. Those extra barrels are adding to the oversupply problem. Iraq has “basically ignored the OPEC production cut deal,” said Matt Smith, director of commodity research at ClipperData. Will Saudi make deeper cuts? Saudi Arabia, OPEC’s de facto leader, has shouldered the brunt of the production cuts. However, there are doubts about whether Saudi Arabia is willing to take even more aggressive steps when some of its fellow OPEC members are pumping more than they are supposed to. “It is very unlikely that the kingdom will formally agree to continue producing at this level unless other OPEC+ members formally commit to cutting deeper as well,” FGE wrote. Then again, Saudi Arabia can’t afford to let oil prices collapse either. The kingdom relies on oil revenue to pay for its massive domestic and military spending. Just to break even, Saudi Arabia needs oil prices of about $84 a barrel, according to the IMF. Lower prices would force Saudi Arabia to drain its shrinking pile of cash, borrow money or scale back dividends paid by Aramco, the national oil company. This uncertain backdrop has forced oil companies to strengthen their balance sheets by paying down debt and raising cash. No one wants a repeat of the wave of bankruptcies caused by the 2015-2016 oil crash. “We’ve decided to embrace volatility,” Ryan Lance, CEO of ConocoPhillips, told Bloomberg News on Wednesday. “We can’t predict where it’s going to go.”