First Valero Refinery, Now Largest U.S. Gasoline Pipeline Damaged In Georgia Colonial Pipeline's Line 1, the largest U.S. gasoline pipeline running from Houston toward the East Coast, has halted operations after a third-party work crew damaged a section of the line in Georgia. Bloomberg reported that the line stopped shipping fuel after the damage occurred on Tuesday in Paulding County, Georgia. "...
First Valero Refinery, Now Largest U.S. Gasoline Pipeline Damaged In Georgia Colonial Pipeline's Line 1, the largest U.S. gasoline pipeline running from Houston toward the East Coast, has halted operations after a third-party work crew damaged a section of the line in Georgia. Bloomberg reported that the line stopped shipping fuel after the damage occurred on Tuesday in Paulding County, Georgia. " Line 1 is out of service while our team coordinates response and repair efforts ," Colonial said in a statement cited by the outlet. The outage hits a critical fuel artery that carries about 1.5 million barrels per day of gasoline from Houston to North Carolina, supplying an East Coast market that remains heavily dependent on pipeline deliveries due to limited local refining capacity. While the rest of Colonial's pipeline system remains operational, any prolonged shutdown risks further tightening fuel supplies at a time when the war in Iran has pushed the U.S. national average price for regular gasoline to the politically sensitive level of $4 per gallon. Let's remind readers that the 380,000-barrel-per-day Port Arthur, Texas, Valero refinery experienced an explosion last week at its 47,000-bpd unit 243 diesel hydrotreater. The good news is that the refinery has since restarted operations. First a refinery, now a pipeline. One has to wonder whether these "industrial accidents" are early signs of sabotage, particularly at a time when energy infrastructure is being destroyed across Russia, Ukraine, and the Middle East. Brookfield Infrastructure owned Colonial pipeline down Is it me or are we seeing tit for tat moves against energy infrastructure? First refineries, now a pipeline. pic.twitter.com/X0B6yyMs68 — Arthur Vandelay (@ArturoVandelayI) April 1, 2026 Certainly lots of questions here. Tyler Durden Wed, 04/01/2026 - 22:35
Malaysian Prime Minister Anwar Ibrahim called on enforcement agencies to step up action against what his government sees as false claims about fuel and electricity prices as it seeks to shore up public confidence amid a global energy crunch. The communications regulator has identified 96 posts of misleading content circulating on social media, he said. Anwar urged authorities, including police and...
Malaysian Prime Minister Anwar Ibrahim called on enforcement agencies to step up action against what his government sees as false claims about fuel and electricity prices as it seeks to shore up public confidence amid a global energy crunch. The communications regulator has identified 96 posts of misleading content circulating on social media, he said. Anwar urged authorities, including police and the Malaysian Communications and Multimedia Commission, to take action against those spreading what...
Workers manufacture components to fulfill orders on an automated production line in Changxing, Zhejiang province, on March 24, 2026. Photo: VCG In early 2026, China’s fixed-asset investment engineered a turnaround that caught many by surprise. Following seven months of stagnation, growth rebounded sharply in January and February, turning positive and rising 16.9 percentage points from December 202...
Workers manufacture components to fulfill orders on an automated production line in Changxing, Zhejiang province, on March 24, 2026. Photo: VCG In early 2026, China’s fixed-asset investment engineered a turnaround that caught many by surprise. Following seven months of stagnation, growth rebounded sharply in January and February, turning positive and rising 16.9 percentage points from December 2025. Adjusted for inflation, the actual investment growth rate jumped 16.2 percentage points to 4.4%. The critical question for global markets is whether this rare strong start is a statistical blip or the beginning of a sustained upward trajectory.
Getty Images Back in early January, I reiterated my buy rating on Credo Technology Group Holding Ltd ( CRDO ) for the third straight time. My bullishness was a result of growth being strong, margins seeing expansion, and a valuation that had also corrected. I viewed the risk/reward as compelling. However, as shown below, the stock has seen notable losses since then. Today, I will be providing an u...
Getty Images Back in early January, I reiterated my buy rating on Credo Technology Group Holding Ltd ( CRDO ) for the third straight time. My bullishness was a result of growth being strong, margins seeing expansion, and a valuation that had also corrected. I viewed the risk/reward as compelling. However, as shown below, the stock has seen notable losses since then. Today, I will be providing an updated analysis to see whether the bull thesis has been derailed or whether it's time for me to double down on my buy rating. Seeking Alpha In the analysis below, it is shown that Q3 financials remained robust. However, guidance for Q4 is slightly shaky and that raises some commoditization fears. That said, the main risk that investors are seemingly worrying about is the emergence of optical solutions. In this article, it is shown that the company has in fact turned this disruption risk into an opportunity and with the valuation having come down further since my previous update, I have decided to reiterate my buy rating on the stock. Growth Takes A Dip Data by YCharts We'll start today with a look at their top line numbers. For their FY2026 Q3 , Credo reported record revenues of $407 million, up 201.5% YoY. As shown above, this was the first significant growth slowdown we have seen in quite some time. While this can be a sign of slowing business momentum, a top line growth rate of over 200% is definitely not something investors should be complaining about. What we should take away from these numbers is the fact that business activity has stayed very strong as it seems that demand for Credo's connectivity solutions remains solid at this point. Lastly, they edged past analyst expectations as they beat by $15.42 million to show a decent amount of outperformance in third quarter. Margins Continue To Expand Seeking Alpha Beyond the top line numbers, it is encouraging to see that Credo's margins continue to head in the right direction. For non-GAAP gross margin there has been a r...
Speculation is rising that SpaceX, Elon Musk's space exploration company, will go public in the next few months in the biggest IPO ever. SpaceX plans to raise between $40 billion and $80 billion, far above the $25.6 billion Saudi Aramco raised in its 2019 public market debut. Furthermore, unlike other IPOs, where retail investor presentation can be as low as 5%, Musk and SpaceX are aggressively wo...
Speculation is rising that SpaceX, Elon Musk's space exploration company, will go public in the next few months in the biggest IPO ever. SpaceX plans to raise between $40 billion and $80 billion, far above the $25.6 billion Saudi Aramco raised in its 2019 public market debut. Furthermore, unlike other IPOs, where retail investor presentation can be as low as 5%, Musk and SpaceX are aggressively working to ensure that as much as 30% of the offering goes to small, everyday investors. SpaceX is even working with retail-facing platforms like E*TRADE and Morgan Stanley to ensure this happens. There's a very good reason Musk may want to ensure as many retail investors as possible participate in this IPO. If retail investors, especially those already holding shares in Musk's Tesla (NASDAQ: TSLA) decide to go "long and strong" on SpaceX stock as well, this could go a long way in enabling SpaceX to sustain, and add to, a multitrillion-dollar valuation. Continue reading