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Swedish researchers have joined Danish colleagues in an attempt to establish Denmark's claims to parts of the Arctic region. The expedition follows the planting of a flag on the underwater Lomonosov Ridge by a Russian expedition last week. The expedition, led by Swedish icebreaker Oden, set off from Norway on Sunday. It is being led jointly by Martin Jakobsson of Stockholm University and Christian Marcussen of the Geological Survey of Denmark. The Danes claim that the ridge is on the same continental shelf as Greenland, which is a Danish territory. They hope that the expedition will prove the country's claim...

NEW YORK, July 10 (Reuters) - U.S. drivers have seen gasoline prices climb again after weeks ​of steady declines, as renewed fighting between the U.S. and Iran lifted crudeoilprices to their biggest weekly rise in eight weeks. Disruptions in the global refining ‌system and robust U.S. fuel exports further tightened supplies, and average pump prices rose 6 cents this week to $3.88 a gallon on Friday, AAA data showed. It was the biggest weekly increase since mid-May.

Boko Haram was a vehicle for Muslim political interests inside and outside Nigeria to destabilize the oil-rich country. By the end, even the Obama administration made it clear that Muhammadu Buhari, the Muslim ex-dictator who had seized power in a coup before being overthrown, was their choice. Simpson reports that Secretary of State John Kerry “made a mockery of the administration’s pretext by hinting in January meetings with both Jonathan and Buhari that the Obama administration might allow weapon sales after the election.” Now the election came out their way, but the weapons sales may be surplus to requirements. Boko...

The U.S. Treasury Department said Tuesday it will cancel its authorization of Iranian oil sales following a series of attacks on tankers in the Strait of Hormuz. The decision comes after Iran launched multiple attacks on tankers transiting the critical waterway this week, despite having promised safe passages to commercial ships under an interim deal to reopen Hormuz. The Trump administration had previously waived U.S. sanctions on Iranian oil as part of that agreement. The Office of Foreign Assets Control is ending the license that had allowed the production, delivery and sale of Iranian oil, which was set to run...

Cuba's state power operator UNE announced on Monday that the national electrical system had suffered a "total disconnection," plunging the island into darkness amid its worst economic crisis in decades, severe fuel shortages, and daily blackouts averaging 20 hours. Cuba's national power operator announced on Monday that the island's electrical system had suffered a complete collapse, triggering a nationwide blackout as technicians worked to restore service. The state-run company UNE said in a post on X that the National Electric Power System had gone down completely without immediate explanation. "A total disconnection of the National Electric Power System is occurring....

The Iran war exposed a long-simmering feud within the world’s most powerful oil cartel, boiling over this spring when it contended with the biggest oil supply shock in history. Now OPEC faces a fight for its existence. The Strait of Hormuz has started to reopen, and some OPEC nations are clamoring to ramp up oil production The ultimate decider will be Saudi Arabia Unlike Iraq and Kuwait, the Saudis don’t need production to ramp up . The country was able to keep its oil business afloat by bypassing the strait with pipelines that shipped oil to a port in Yanbu...

President Donald Trump's plan to reopen the Strait of Hormuz appears to be working, as transits show the strongest signs yet of returning to normal operations. Commercial shipping is steadily increasing under the 60-day U.S.-Iran ceasefire, easing fears of prolonged global oil supply disruptions and driving crude prices lower. New maritime data shows vessel traffic through the strategic waterway has more than quadrupled over the past week as shipping companies cautiously resume voyages through the Persian Gulf. According to maritime intelligence platform Signal, the number of traceable daily voyages entering and leaving the Gulf increased from just one or two...

President Trump shouldn’t waste time chasing a final Iran deal — and instead prepare Americans for resuming military operations by targeting Tehran’s economic lifeline, retired Lt. Gen. Keith Kellogg told The Post.“[We should be telling Americans] the fight’s not over. It’s going to take a day or two — buckle up,” Kellogg, a former Trump adviser, said in an interview Wednesday. “The American people are great about that … if they explain it to them, they’ll understand it.”Kellogg is skeptical of the ongoing 60-day US-Iran talks outlined in the memorandum of understanding signed by Trump and Iranian President Masoud Pezeshkian...

Russia’s top banker has called on Vladimir Putin to end the war in Ukraine, warning that the four-year-old conflict is dragging the country into economic collapse. German Gref, head of the state-controlled Sberbank, said ordinary Russians are increasingly feeling the economic effects of the war, which are being worsened by Ukrainian drone strikes on Russia’s oil refineries. “I think we are all worried about the same thing. I don’t believe there is anyone in this country whose primary concern is anything other than an end to military hostilities as soon as possible,” Gref told state TV on Tuesday, as reported...

SNIP China wants the fighting in Eastern Europe to stop right now. Beijing is issuing a clear, uncompromising command to both Russia and Ukraine. The message came directly from the United Nations floor. Sun Lei serves as China’s deputy representative, and he delivered his remarks during a recent Security Council gathering. The Moscow Times reported that China is firmly demanding an immediate return to the negotiating table. Beijing claims it wants to guide the political process. Lei held nothing back when addressing the packed room. “We strongly urge you to end the conflict as soon as possible. We also strongly...

A rare double earthquake ravaged Venezuela on Wednesday, killing at least 920 and injuring another 3,360, authorities said. Many more are feared dead. Thousands of people have been reported missing. Some of the heaviest damage and casualties were in La Guaira, a coastal region north of the capital, Caracas. Here’s what to know about the earthquakes and the search for survivors: The powerful 7.2- and 7.5-magnitude earthquakes struck 39 seconds apart along the San Sebastian fault on Venezuela’s northern coast, according to the U.S. Geological Survey. They were among the strongest in the South American nation in more than a...

HOUSTON/GEORGETOWN, May 30 (Reuters) - Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets. The war that caused one of the largest energy disruptions in history highlights the growing importance of countries including Guyana that offer political stability and geographically unrestricted access to their estimated ​11 billion barrels of oil reserves. This growing windfall from crude brings pressure from business owners and locals on the government to use...

Trump said in the post on Wednesday: "The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil. "Those prices are dropping like a rock! In other words, customers are being 'gouged.'" He added that he had ordered the Department of Justice (DOJ) to "immediately start looking into this".

A newly surfaced video shows Democrat U.S. Senate candidate James Talarico welcoming a climate activist organization to Texas and praising its work, a position that appears at odds with his campaign’s efforts to portray him as a supporter of the state’s energy industry. In a June 2024 video promoting the expansion of Third Act into Texas, Talarico thanked the group for coming to the Lone Star State and said he looked forward to working “alongside” the organization. “I’ve been fighting climate change my entire career,” Talarico said. Calling Texas “the front line in the fight to save democracy and our...

The Islamic Republic of Iran has announced that they have closed the Strait of Hormuz. The reality on the ground shows that ships continue to travel through the waterway unimpeded, with U.S. naval assets in the region confirming that the Strait is completely open.Despite the announced closure of the Strait of Hormuz by the Iranian Islamic Revolutionary Guard Corps-Navy (IRGC-N), vessel traffic appears to be continuing, with several vessels using both the Iranian and U.S. announced traffic separation schemes. pic.twitter.com/05fjVSSaYE— OSINTdefender (@sentdefender) June 20, 2026🚨 JUST NOW: Iran caught LYING that they "closed" the Strait of Hormuz againCENTCOM: "Commercial ship...

Tales of Deceptive PR, Chapter 26: About fifteen years ago, I worked in-house for a billionaire who had just bought his own private club in Tampa Bay. The bayside property had been in and out of bankruptcy, and the billionaire hoped to rebrand it as exclusive, ultra-elite, and high-end.The trouble was that the club had embarrassingly low, dirt-cheap membership rates because it was so desperate for members. It directly undercut our desired branding.So I had the club create a brand-spanking-new “international corporate” membership category that cost foreign businesses $1 million a year. Nobody ever paid for an “international corporate” membership,...

949 Comments Joe Biden bragged about killing the oil industry during an appearance on ‘Jay Leno’s Garage.’ In January 2025, in one of his last acts as president, Joe Biden permanently banned offshore drilling across 625 million acres of US ocean. This is after Biden blocked oil drilling on 10 million acres in Alaska in 2023. Joe Biden also canceled the Keystone XL pipeline his first day in office. President Trump overturned Biden’s ban on Arctic drilling, but he is facing legal hurdles. Biden boasted about his unprecedented power grab and attack on domestic drilling as he flew down the...

So, how are gas prices where you are?Two weeks ago in my part of S.E. Tennessee: $4.49 - $4.69/gal Today? I filled up at $3.29/gal as I'm going to my good friend Lazamataz's house in Georgia, and we're going to take in an Atlanta Braves v. San Francisco Giants game tomorrow in a Corporoate Suite.

The amount of oil in the US Strategic Petroleum Reserve plunged last week to the lowest level since 1983 as the Trump administration continues to deploy emergency oil to minimize the damage from the war with Iran. According to federal data released Monday, US officials released another 8.9 million barrels from the SPR last week alone. That leaves the US emergency oil reserve with 340.3 million barrels of crude, taking out the prior low set in July 2023 under President Joe Biden after Russia invaded Ukraine. The last time the SPR had less oil than today was July 1983, when...

The amount of oil in the US Strategic Petroleum Reserve plunged last week to the lowest level since 1983 as the Trump administration continues to deploy emergency oil to minimize the damage from the war with Iran. According to federal data released Monday, US officials released another 8.9 million barrels from the SPR last week alone. “The Strategic Petroleum Reserve releases, combined with releases by other governments and China reducing its exports, have prevented the Armageddon scenario of $150 oil from happening to date.” The emergency oil released since the war with Iran start will have to get replaced over...