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Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success

At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)

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May 16 • 6:41 PM EDT • Politics • energymixweekender.substack.com
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The buzz on oil prices hitting Redding auto-lube shops. Dunkin' time

This in the Buzz. The surge in oil prices are impacting local oil change businesses. An update on Dunkin's opening day and a job fair is planned.

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May 16 • 10:00 AM EDT • Business • redding.com
UAE says its decision to leave OPEC was a strategic economic move, not a political one

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.

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May 16 • 9:13 AM EDT • Politics • cnbc.com
Humans in The Andes Have Evolved a Strange Digestive Superpower

Boil 'em, mash 'em, stick 'em in a stew...

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May 16 • 8:00 AM EDT • Technology • yahoo.com
Humans in The Andes Have Evolved a Strange Digestive Superpower

Boil 'em, mash 'em, stick 'em in a stew...

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May 16 • 8:00 AM EDT • Technology • sciencealert.com
(LETTERS) Business council spending,  Wyoming judicial retention system and state politics

Oil City News publishes letters, cartoons and opinions as a public service. The content does not necessarily reflect the opinions of Oil City News or its

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May 15 • 7:38 PM EDT • Business • oilcity.news
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(LETTERS) Business council spending,  Wyoming judicial retention system and state politics

Oil City News publishes letters, cartoons and opinions as a public service. The content does not necessarily reflect the opinions of Oil City News or its

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May 15 • 7:38 PM EDT • Politics • oilcity.news
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Exclusive: At Samsung, the global AI boom spurred a looming strike and deep divisions

A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom?

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May 15 • 6:14 AM EDT • Business • reuters.com
CIA chief makes historic trip to Cuba as US blockade chokes island's energy supplies

The U.S. has been restricting oil shipments to Cuba since January, plunging the country into blackouts lasting days at a time.

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May 15 • 3:16 AM EDT • Politics • cnbc.com
Pierre LeBrun Reveals Oilers' Coaching Plans After Kris Knoblauch's Firing

The Oilers exited the 2026 playoffs after a first-round loss following back-to-back trips to the finals.

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May 14 • 11:42 AM EDT • Sports • sports.yahoo.com
Oilers fire Kris Knoblauch after seeking permission from Golden Knights to interview Bruce Cassidy
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May 14 • 10:46 AM EDT • Sports • sports.yahoo.com
Oilers reportedly fire Kris Knoblauch after seeking permission from Golden Knights to interview Bruce Cassidy
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May 14 • 9:46 AM EDT • Sports • sports.yahoo.com
Is Beef Tallow Healthier Than Seed Oils? Cardiologists Weigh In

In TODAY.com’s Expert Tip of the Day, cardiologists weigh in on whether beef tallow is a healthier alternative to seed oils.

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May 14 • 8:00 AM EDT • Health • today.com
The Real Brokerage, Genesco, and Sphere Entertainment Shares Plummet, What You Need To Know

A number of stocks fell in the afternoon session after Brent crude surged, erasing the brief oil relief from the previous week as consumer sentiment hit a record low, sparking concerns that shoppers will cut back on non-essential spending.

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May 14 • 7:16 AM EDT • Entertainment • finance.yahoo.com
Venezuela embarks on $150 billion restructuring of debt amid political turmoil

Venezuelan officials said they wanted to “free the country from the burden of accumulated debt.”

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May 14 • 6:53 AM EDT • Politics • cnbc.com
UK Growth Surge Under Threat From Iran War, Political Turmoil

The UK kicked off the year with a burst of economic growth that is now at risk from the fallout from the Iran war and the prospect of a new prime minister.

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May 14 • 2:04 AM EDT • Politics • bloomberg.com
New Mexico politicians grapple with oil windfall from Iran war that's both 'awesome' and awkward

A global oil bottleneck in the Strait of Hormuz has created a financial windfall on the other side of the world in New Mexico that is both enviable and politically sensitive in a Democratic-dominated state.

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May 14 • 12:03 AM EDT • Politics • wsls.com
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Midcoast sports complex now under construction has been a 'vision for several years'

The owners of Maritime Energy fuel and heating oil company, based in Rockland, are developing a 63,000-square-foot sports center in Thomaston.

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May 13 • 12:16 PM EDT • Sports • mainebiz.biz
UK bond market on edge amid political turmoil

Political instability, fears of drawn-out Labour leadership campaign, and possibility of Reform government all blamed for jump in UK borrowing costs

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May 13 • 2:39 AM EDT • Politics • theguardian.com
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UK bond market on edge amid political turmoil

Political instability, fears of drawn-out Labour leadership campaign, and possibility of Reform government all blamed for jump in UK borrowing costs

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May 13 • 2:39 AM EDT • Business • theguardian.com
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Scientists discover a mysterious silicone pollutant that may be everywhere

Researchers have uncovered unexpectedly high levels of silicone-based pollutants called methylsiloxanes floating through the atmosphere across cities, rural regions, and even forests. Much of the pollution appears to come from vehicle emissions, likely linked to engine oil additives that survive combustion and escape into the air. Scientists say humans may inhale more of these compounds daily than other notorious pollutants like PFAS or microplastics.

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May 12 • 8:00 PM EDT • Science • sciencedaily.com
Colorado legislators abandon proposal targeting natural gas initiative

Colorado lawmakers pulled back plans to counter a proposed constitutional amendment guaranteeing the right of consumers to use natural gas. The bill’s backers said the legislation would not have significantly affected the initiative’s impact, even as debate intensifies among environmental groups, the oil and gas industry and policymakers. The bill — initially planned by House […]

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May 12 • 5:39 PM EDT • Politics • coloradopolitics.com
NMSU Leyendecker Science Center to host first field day of the season

Water, biochar, soil health and more will be discussed during the first field day of the year, hosted by New Mexico State University’s Agricultural Experiment Station. The Leyendecker Science...

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May 12 • 4:35 PM EDT • Science • newsroom.nmsu.edu
Trump says Iran truce on ‘life support,’ seeks gas tax pause

The breakdown in negotiations sent oil prices higher

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May 12 • 2:16 PM EDT • Politics • theweek.com
FDA chief plans to resign amid agency turmoil

The ouster of Makary is the latest shake-up at the Department of Health and Human Services, with some officials selected by Health Secretary Robert F. Kennedy Jr. being swapped out for more conventional choices.

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May 12 • 1:07 PM EDT • Health • washingtonpost.com
Can spreading basaltic volcanic rock dust improve crops and the health of Florida’s soils?

UF researchers are testing volcanic rock dust to improve soil health across the state’s sandy and organic farmlands.

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May 12 • 9:27 AM EDT • Health • news.ufl.edu
Another Gift To The World From CERN: Their Entire Set Of KiCad Libraries

As the foremost boffins of Europe toil deep underneath the border between Switzerland and France in their never-ending quest to truly understand the fabric of the Universe, they rely on a vast amou…

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May 12 • 4:00 AM EDT • Technology • hackaday.com
Scientists say this algae could remove microplastics from drinking water

Researchers created a special kind of algae that can grab microscopic plastic pollution out of water almost like a magnet. The algae produce limonene, an orange-scented oil that helps them bind to water-repelling microplastics, forming easy-to-remove clumps. As a bonus, the algae also clean wastewater while growing.

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May 11 • 8:00 PM EDT • Science • sciencedaily.com
Donells Candies, GW Mechanical win Casper Chamber business awards

CASPER, Wyo. — The Casper Area Chamber of Commerce celebrated its 123rd year of supporting local industry May 6 by honoring the people and businesses

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May 11 • 7:45 PM EDT • Business • oilcity.news
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Soil science reimagined: from farmland to the final frontier

Soil science is undergoing a profound transformation, evolving from its traditional focus on agriculture to a multidimensional discipline addressing some of the most urgent challenges of our time. A new perspective calls for expanding the boundaries of soil science to include nontraditional domains—such as climate regulation, urban resilience, forensic investigations, cultural heritage protection, and extraterrestrial exploration. The study proposes a systems-based framework that recognizes so

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May 11 • 7:30 PM EDT • Science • newswise.com
Trump seeks to pause federal gas tax as prices soar amid Iran conflict

Congress would have to approve the proposal, and passing the savings on to drivers, rather than oil companies, would be difficult to enforce.

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May 11 • 2:26 PM EDT • Politics • washingtonpost.com
The Real Brokerage, Genesco, and Sphere Entertainment Shares Plummet, What You Need To Know

What Happened? A number of stocks fell in the afternoon session after Brent crude surged, erasing the brief oil relief from the previous week as consumer sen...

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May 11 • 1:50 PM EDT • Entertainment • stockstory.org
Biofuels Are Big Business Again. Three Ways To Ride It.

High oil prices and favorable blending rules are lifting demand for ethanol and other biofuels. Three stocks that can keep moving up.

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May 11 • 5:55 AM EDT • Business • barrons.com
Business - Crude oil prices rise as Trump calls Iran's offer 'totally unacceptable'
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May 11 • 5:54 AM EDT • Business • france24.com
UK ‘to lose 163,000 jobs in 2026’ amid Iran war fallout, as oil price jumps again

Rolling coverage of the latest economic and financial news

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May 11 • 2:17 AM EDT • Business • theguardian.com
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Trump rejects Iran peace bid, sending oil prices surging

"I don’t like it — TOTALLY UNACCEPTABLE," Trump wrote on Truth Social, without giving further detail.

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May 11 • 1:14 AM EDT • Politics • tvpworld.com
Trump Rejects Iran’s Response to U.S. Proposal as Oil Prices Surge

Pezeshkian responded defiantly, saying Iran would “never bow down to the enemy” and would continue defending its national interests.

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May 11 • 12:44 AM EDT • Politics • politicstoday.org
Valkyries home opener brings excited fans, big business to Thrive City

Thousands of fans packed Chase Center for the Golden State Valkyries’ second-season home opener. Local businesses also saw a major boost from the game day excitement.

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May 10 • 11:16 PM EDT • Business • ktvu.com
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Thailand’s Thaksin Shinawatra Is Out of Prison. What Will He Do Now?

Mr. Thaksin has long been a foil to Thailand’s conservative establishment. He still holds significant influence, with his political party a member of the governing coalition.

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May 10 • 9:07 PM EDT • Politics • nytimes.com
Share futures ease, dollar gains as Gulf talks teeter

Share futures slipped and the dollar ​climbed in Asia on Monday on signs that talks between the United States and Iran ‌were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.

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May 10 • 6:57 PM EDT • Business • reuters.com
Oil jumps as US and Iran fail to reach agreement on peace proposal

Oil prices jumped $3 ​a barrel on ‌Monday as the United States ​and Iran failed ​to agree to a ⁠peace proposal ​drafted by ​Washington while the Strait of Hormuz remained ​largely closed, ​keeping global energy supply ‌tight.

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May 10 • 6:08 PM EDT • Business • reuters.com
How Nebraska’s ‘Blue Dot’ Roiled a Democratic House Primary

A speck of blue on an otherwise red area in some presidential elections, the dot is now dividing candidates in a key midterm contest.

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May 10 • 4:06 PM EDT • Politics • nytimes.com
For many, Mom is the greatest gardener we’ve ever known

Technology has its advantages, but something valuable is lost in the soil.

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May 10 • 12:15 PM EDT • Entertainment • cincinnati.com
California Politics 360 Full Episode | Uncertainty amid rise in gas prices

This week, Energy Commissioner Siva Gunda told lawmakers that the state has enough oil and gas supply for the next six weeks.

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May 10 • 11:25 AM EDT • Politics • kcra.com
Saudi oil giant Aramco sees Q1 profits rise 25% by shifting exports to its East-West Pipeline

Aramco, the world’s largest oil company, reports a 25% jump in first-quarter profits.

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May 10 • 11:10 AM EDT • Business • seattletimes.com
Science 4 Everyone: How much rain do we need to properly moisturize soil?

While the D.C. area did get some rain over the past few days, did it improve the amount of moisture in the soil? Storm Team4 meteorologist and science teacher Ryan Miller checks it out in Arlington, Virginia.

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May 10 • 10:59 AM EDT • Science • nbcwashington.com
Natrona County health and food inspections (5/1/26–5/7/26)

CASPER, Wyo. — The Casper-Natrona County Health Department inspects restaurants, grocery stores, convenience stores, mobile food units, commissaries and

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May 10 • 10:00 AM EDT • Health • oilcity.news
Alex and Ani founder embroiled in family dispute. What she alleges

Carolyn Rafaelian alleges that sister Rebecca Rafaelian Caruolo and her company Air & Anchor are misappropriating the business their father started.

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May 9 • 1:31 PM EDT • Business • providencejournal.com
Business Lookahead: Trump on Tour

STORY: From Trump's trip to China, to a slew of new U.S. data releases, these are the stories to watch in business and finance in the coming week. :: Trump goes to Beijing U.S. President Donald Trump visits Beijing on Thursday and Friday.It will be his first visit to China in eight years.He'll try to lock in the trade truce agreed to in October in South Korea, and avoid a rerun of the tit-for-tat tariff battle that he set off a year ago.Fresh trade data should offer a reality check on whether a protectionist White House has managed to dent Americans' appetite for Chinese-made goods.:: Saudi Aramco posts resultsThe world's biggest exporter of crude oil, Saudi Aramco, reports first-quarter results on Sunday.The numbers are expected to show the pain from the more than two-month-old Iran war.This comes as efforts to end the conflict appeared to stall after the U.S. and Iran traded fire in recent days, with some of the biggest flare-ups in fighting in and around the Strait of Hormuz since a ceasefire began a month ago.:: U.S. economic dataA bunch of new data should give a clearer view of inflation in the U.S.Tuesday's April consumer price index is expected to rise 0.6% according to a Reuters poll.Prices at the pump are likely to loom large in the numbers.Producer price data for April on Wednesday is another inflation checkpoint after the Fed’s last meeting exposed a more hawkish tilt among some policymakers who are increasingly uneasy about price pressures.And retail sales figures on Thursday should show whether higher gas prices and other costs are starting to bite into household spending.

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May 9 • 12:49 PM EDT • Business • finance.yahoo.com
Review: Morgan Wallen opens Indianapolis run with sprawling set

Wallen’s stop marked the first concert at Lucas Oil since Billy Joel and Sting. Takeaways from his first of two Indianapolis outings:

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May 9 • 10:04 AM EDT • Entertainment • indystar.com
‘A year of resistance’: Cuba’s private sector faces Trump’s oil blockade

US oil blockade on Cuba is a significant blow to small family firms struggling with power outages and fuel shortages.

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May 9 • 9:18 AM EDT • Business • aljazeera.com
White House prepares to replace FDA leader Marty Makary amid agency turmoil

FDA Commissioner Marty Makary has faced criticism over his leadership of the agency that oversees vaccine and drug approvals.

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May 8 • 3:11 PM EDT • Health • washingtonpost.com
Fact check: Trump posts wildly deceptive chart on oil prices

Oil prices are higher now than they were when President Donald Trump returned to the White House in January 2025. But Trump posted a wildly deceptive chart on Friday that wrongly suggests oil prices are lower than they were upon predecessor Joe Biden’s departure.

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May 8 • 2:49 PM EDT • Politics • cnn.com
Oilers D-man Evan Bouchard ‘upset’ over Norris Trophy snub

Edmonton Oilers‘ Evan Bouchard did not hide his frustration after being left off the NHL’s 2025–26 Norris Trophy finalist list, despite producing one of the best offensive seasons by a defenseman in recent league history. The NHL announced Rasmus Dahlin,…

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May 8 • 6:00 AM EDT • Sports • sports.yahoo.com
Trump's Truth Social lays bare narrow obsessions of an extremely online president

The bulk of the president's social media posts don't make news. But taken together they show what's on his mind as he leads the nation through war and domestic turmoil.

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May 8 • 5:00 AM EDT • Politics • npr.org
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Oil back over $100 as US-Iran ceasefire comes under pressure; UK house prices drop

Rolling coverage of the latest economic and financial news

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May 8 • 2:18 AM EDT • Business • theguardian.com
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Energy shock to accelerate transition: EU-Asean Business Council

Chris Humphrey of EU-Asean Business Council says businesses are withholding investments and waiting for more clarity amid geopolitical tensions. He added that ASEAN firms believe oil shocks from the ongoing Middle East tensions could speed up the shift to green energy.

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May 8 • 12:40 AM EDT • Business • cnbc.com
Steel beams headed underground in SD for ‘largest science experiment ever attempted on U.S. soil’

Crews are taking the next step for the Deep Underground Neutrino Experiment within a former gold mine at Lead.

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May 7 • 5:52 PM EDT • Science • southdakotasearchlight.com
Science diplomacy lessons from a North Korean volcano

Mount Paektu, a mythic, active volcano on the border between North Korea and China, is almost the epitome of a scientific challenge that crosses political lines. In 946 CE, it erupted in one of the five biggest volcanic events of the past 10,000 years, kicking up huge quantities of ash and sending destructive mud flows down river channels for hundreds of kilometres. Should this happen again, the entire region, including easternmost Russia, South Korea and even Japan could be hit. “It’s definitely got the potential to be big,” said James Hammond, a professor of geophysics at Birkbeck, University of London. An eruption on the scale of 946 would have “huge regional impact.” For the past 15 years, Hammond has helped lead a groundbreaking collaboration with North Korean scientists to study the volcano, navigating scientific sanctions, tough export controls on scientific equipment and a long, pandemic-enforced exodus from the country. Although he seems more at home on far-flung research expeditions – before speaking to Science|Business, Hammond was camping out on a Greenland ice sheet – he has also advised the European Commission on its changing science diplomacy strategy. His long experience with North Korea has made Hammond sceptical of blanket bans on science collaboration, no matter the country.This is a live question in Europe, where in the wake of Russia’s 2022 invasion of Ukraine, institutional ties with Russian universities were almost entirely severed, although some scientists fear this could undermine our understanding of climate change’s impact on the Arctic. Here, Hammond tells the story of the Mount Paektu mission and the policy lessons he takes from it. Ominous rumblingsThe genesis of Hammond’s collaboration came in 2002, when Mount Paektu began to rumble ominously. Earthquake activity picked up and the volcano began to emit unusual gases. North Korean scientists took notice. “People felt we need to know more about this volcano,” said Hammond. In 2011, North Korean vulcanologists put out a request for international expertise to help them learn more. At the time, Hammond and his collaborator, Clive Oppenheimer, were working on a vulcanology project in another sanctioned country, Eritrea, and so decided to answer the call. Within a month, they had flown into Pyongyang. “It was pretty incredible,” recalls Hammond (left). “We were made to feel like honoured guests, and invited to official celebrations.” The scientific opportunity was huge. Paektu is unusually positioned, a thousand kilometres from where tectonic plates rub against each other in the Pacific. “It was an incredibly interesting volcano, but not much research had been done, at least not in the international community,” he said. “There was so much we felt we could do. And we had these partners that were super keen to engage.”The mission received an unusual visitor in the form of volcano-obsessed filmmaker Werner Herzog, who accompanied Hammond and Oppenheimer while directing his 2016 film Into the Inferno about volcanos across the world. Four days into the trip, the German director delivered a long speech about reunification to his North Korean hosts, recalls Hammond. “He got to the heart of the Koreans and how they felt, and how they thought, in a way that I'm not sure I ever will,” he said. UN sanctionsHowever, Hammond realised he’d been “naïve” about how difficult it would be to collaborate with North Korea, which was sanctioned far more heavily than Eritrea. “We didn’t fully appreciate the all-encompassing nature of restrictions,” he said. In 2016, as tensions escalated over Pyongyang’s nuclear tests, a United Nations resolution banned all joint scientific work with North Korea. However, the UN sanctions did allow countries to request carve outs, and the UK successfully requested an exemption for Hammond’s work. Related articlesEU pushes for joint science diplomacy, but care needed to avoid gridlock, experts sayRussia severs its last ties with German scienceAnchor Greenlanders in Arctic climate research, experts tell EU ahead of policy updateExport controls have also delayed Hammond’s work. In one case, it took 18 months to get approval from the UK government to take seismometers, which measure earthquakes, to North Korea. “It was frustrating,” he said. “But they didn’t just say no.” However, one instrument, called an induction coil, used to measure how the earth conducts electricity, was blocked entirely because it can in theory be used to detect submarines. Karaoke bondingSince the collaboration started in 2011, Hammond has visited the country around 15 times, although the pandemic closed off North Korea for more than five years. A trip last November was Hammond’s first since the outbreak. Despite this lengthy interlude, Hammond has deep bonds in the country. The North Korean scientists Hammond works with are somewhat isolated, as they struggle to access the latest research papers and travel to international conferences. That said, they are “excellent geophysicists” and are “very well trained in the field,” he said. Over karaoke and chats about their families, “we’ve made friendships, for sure,” he said. The authorities have to sign-off things like the placement of seismometers, for example, but Hammond said these requests have been approved. “Everything that we've asked for within a scientific context has been delivered.”Scientific backchannels? These kind of personal links between scientists across political lines are one purported benefit of science diplomacy. During the Cold War, some historians argue, scientific contact between the US and Soviet Union laid a groundwork of trust for other cooperation, such as on arms control. Hammond agrees that backchannel contacts to North Korean geophysicists are hardly likely to defuse a military crisis on the Korean peninsula, but the simple fact of the scientific collaboration makes contacts between diplomats that little bit easier. “It creates opportunities to understand each other a little bit better,” he said. “When maybe you have those more difficult discussions as diplomats, it's coming from a slightly better place.” Cutting tiesDrawing lessons from the Mount Paektu mission for today’s links with Russian science isn’t simple. The analogy is far from exact, Hammond said, “because one is essentially a Cold War, versus a pretty hot war in the case of Russia.” But Hammond’s broader argument is that the challenges we face, such as climate change, pandemics, biodiversity loss, pollution and so on, have globalised in an unprecedented way, making blanket shutdowns in collaboration with any country unwise.He’s somewhat critical of the UN scientific sanctions imposed on North Korea in 2016, even though they did allow for exceptions. “I think a blanket halt to some of these things, when we face big global challenges [. . .] that’s quite a risky thing to do,” he said.Institutional endorsement?European academics are still by and large free to work individually with Russian counterparts. However, official, institutional partnerships have largely ended. Shortly following the full-scale invasion of Ukraine in 2022, Russian university rectors wrote a public letter endorsing the war, meaning European universities fear official collaboration could also be seen as a kind of endorsement. Hammond acknowledges there is a risk of legitimising regimes, and state-controlled universities, through scientific cooperation. “That’s the trade off you have to make,” he said. Strategic projectsWith Russia, instead of giving a green light to restart all Arctic science, a middle ground might be firing up a few carefully selected “strategic” projects, said Hammond. After all, European countries are still collaborating with Russia on the International Thermonuclear Experimental Reactor, an experimental nuclear fusion plant in the south of France. However, even if Europe did try to revive Arctic science with Russia, there’s no guarantee Russian scientists would play ball. A series of high-profile arrests of physicists in Russia accused of sharing their findings with the outside world has made collaboration fraught. Even before the invasion of 2022, “the Russian regime made it increasingly difficult, and this sort of discouraged people,” Dag Rune Olsen, rector of the Arctic University of Norway, told Science|Business last year.

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May 7 • 8:00 AM EDT • Science • sciencebusiness.net
As federal scientists faced turmoil, the Devils Hole pupfish reached a crisis point

The Devils hole pupfish lives in just one spot in Death Valley. Wildlife officials have managed this iconic fish for decades, and last spring, just as the Trump administration was laying off all kinds of scientists, the wild population of this fish plummeted to only 20 individuals. Officials then took an irrevocable step.

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May 7 • 6:00 AM EDT • Science • npr.org
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What’s behind the secessionist movement in the Canadian province Alberta?

Oil-rich western province could see independence referendum as soon as October, but complicated process remains ahead.

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May 6 • 5:05 PM EDT • Politics • aljazeera.com
Carrollton businesses under boil water notice after pressure drop, city officials say
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May 6 • 4:42 PM EDT • Business • wfaa.com
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BioShock, game prices, GTA, the disappearing NFL deal and more: An interview with Take Two CEO Strauss Zelnick

In 20 years of covering the video game beat, I’d probably not spoken more than 20 words with Take Two chairman Strauss Zelnick, who’s been running the company behind NBA 2K, Grand Theft Auto, BioShock and Red Dead Redemption for, you guessed it, nearly 20 years. Last week, though, ahead of a panel I was hosting at the iicon event in Las Vegas, I had about 20 minutes to interview Zelnick. I could ask one question for each year, I joked, as we settled into our seats on opposite sides of a conference table. Take Two’s longtime head of corporate communications, Alan Lewis, was seated at Zelnick’s side. I didn’t quite conduct our chat that way, but we wound up going through a lot, including… The state of BioShock The ramifications of the rising costs of game development The fate of Take Two’s recent multi-game deal with the NFL Some hints about Take Two’s mobile plans Whether Zelnick’s answer to me about Civ VII was a good one The do’s and don’t’s of NBA 2K microtransactions Take Two’s take on the Switch 2 Oh, and GTA VI (Spoiler: if Zelnick had spilled the beans on the price of the game or a release date for a PC version or whether there will be a polka radio station, that would have been this article’s headline). Before all of that, I would learn what it’s like to interview Strauss Zelnick, who is confident, calm and focused on delivering precise answers. To wit, I thought I’d start our chat with something fun, a bit insidery but maybe safe for him to share. The team at Take Two’s Rockstar label delays their games a lot, I noted. Of course, those delays, however painful, tend to be worth it. So, I was wondering how Zelnick finds out about them. Take the most recent postponement back in November 2025, when Rockstar said that GTA VI would not hit its May 26, 2026 release date (just 20 days from now!) and would instead come out on November 19, 2026. Was that news delivered via a call? An email? How does it work? “I work super closely with my team,” Zelnick said. “It's a very thin team at Take Two. The entire senior management team is six executives who sit in one hallway and share two assistants. And then, basically, there are two people who head up each of our labels.” They meet weekly to discuss their business, he said. So no one emails him about a delay? Nothing like that? Zelnick craned his neck to look at my left hand. He asked if I was married. I am, I said. “Does your partner email you to give you information?” he asked. Fair enough. I didn’t get the sense Zelnick was going to read me the minutes of the management meeting where the GTA VI delay was discussed. Slight pivot, maybe I could get some personality insights about one of the most successful gaming execs of the last 20 years, before getting to my big list of questions about specific Take Two games, franchises and policies. I asked: How do you deal with delay news like that? Go for a run? Meditate? “I tend to default to being very calm,” he said. “I’m not a person who freaks out easily.” He noted that he has a daughter with special needs due to an illness, and he shared that that situation had gotten him worked up. It was a personal, family emergency. “But, you know, business is not that,” he said. “I have no trouble distinguishing between, like, a business challenge and an emergency.” He turned to his left to ask Lewis, his colleague of 17 years, a question. “Have you ever seen me freak out?” “Never,” Lewis replied. “You’ve seen me upset,” Zelnick told Lewis. “Have you seen me raise my voice? Maybe how many times? Be honest, because we might as well be.”

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May 6 • 1:58 PM EDT • Technology • gamefile.news
Lawmakers break ground on Wyoming Business Council reform effort

by Dustin Bleizeffer, WyoFile The Wyoming Business Council survived a Freedom Caucus-led effort to dismantle it earlier this year. Now, lawmakers are

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May 6 • 8:53 AM EDT • Business • oilcity.news
Opinion: Politics has come to work, once an apolitical space

A colleague recently emailed me a picture of a seemingly political gesture that was roiling her office and asked me what I thought. The picture was of a 10-by-3-inch sticker,

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May 6 • 8:00 AM EDT • Politics • yakimaherald.com
Oil prices retreat and global stocks hit record highs after Trump hails ‘great progress’ on Iran deal

US president pauses ‘Project Freedom’ to work on ‘final agreement’ with Tehran; stocks also ride high on AI euphoria

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May 6 • 2:35 AM EDT • Business • theguardian.com
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Winning science fair project in Vietnam beset by misconduct allegations as major high school competition looms

Comparison provided by Van Tu Duong A science competition for middle and high school students in Vietnam is embroiled in controversy as its winners head to next week’s Regeneron International Scien…

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May 5 • 6:16 PM EDT • Science • retractionwatch.com
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Where Did The Myth That Oil Is Made Of Dinosaurs Come From? Probably Chicago In 1933

When we first encountered oil we thought it might be a mineral deposit, which was incorrect, but absolutely nobody was suggesting it was dinosaur juice.

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May 5 • 11:27 AM EDT • Science • iflscience.com
California’s political climate is what led us to this oil uncertainty

'Why not take some, or all, of the high-speed rail money and build out the green infrastructure California needs? Or create a climate where California produces and refines the oil it needs? Because we have the oil,' writes an L.A. Times reader.

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May 5 • 10:30 AM EDT • Politics • latimes.com
SecureFood School: Transforming Food System Risk Science into Real-World Education

Strengthening food system resilience requires not only technological innovation, but also an improved societal understanding of food system dynamics and risks.

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May 5 • 8:00 AM EDT • Science • food-safety.com
Romanian Government Collapses, Sowing Doubts Over Fiscal Reforms

Romania’s minority government collapsed after losing a no-confidence vote, throwing the country into renewed political turmoil and potentially stalling reforms needed to narrow the widest budget shortfall in the European Union.

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May 5 • 7:23 AM EDT • Politics • bloomberg.com
ENTERTAINMENT: Indigenous-Centered ‘Dark Winds’ Adds Depth to the Crime TV Genre

There are moments of both literal and emotional darkness, including night scenes and times of human turmoil and tragedy. But the series is usually sun-baked and starkly beautiful…

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May 5 • 7:06 AM EDT • Entertainment • pagosadailypost.com
Vinnie Jones Leads Netflix’s Biggest UK Sports Slate Yet

Jones anchors a campaign celebrating the stories behind Untold UK, The Rest Is Football, and more.

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May 5 • 7:00 AM EDT • Sports • netflix.com
Which pond do Ducks swim best in?

The Anaheim Ducks beat the Edmonton Oilers 4-2 in their first round NHL playoff series. Where should fans watch the second round series?

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May 4 • 10:17 PM EDT • Sports • thepanthernewspaper.org
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U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies

China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.

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May 4 • 1:11 PM EDT • Politics • nytimes.com
Fox Sports launches 'Miracle' World Cup ad campaign featuring USMNT

The U.S. men's national team may need a miracle to win the World Cup on home soil this summer. Fox Sports asks: What if it actually happens?

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May 4 • 8:03 AM EDT • Sports • usatoday.com
Why the UAE’s OPEC exit matters for oil markets
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May 4 • 7:09 AM EDT • Business • cnn.com
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Trump has targeted universities and science. But RIT is thriving

“I don't want to diminish the turmoil that we've all had to live through in the last year, and the consequences of that,” says the university's VP of research. But really? For RIT it's been a non-event.

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May 4 • 5:05 AM EDT • Science • wxxinews.org
The obvious solution to the global oil shock finally makes sense

If oil is in such short supply, why can’t we simply drill more of it?

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May 4 • 5:00 AM EDT • Business • cnn.com
An Aluminum Crisis Is Roiling the Auto Industry

America’s top-selling vehicle, the Ford F-150, bears the brunt of metal-supply-chain woes.

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May 3 • 8:00 PM EDT • Business • wsj.com
The World Cup’s toughest opponent: New Jersey

FIFA got what it wanted from dictators and oil sheikhs. Elected politicians in the Garden State are proving harder to please.

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May 3 • 2:01 PM EDT • Politics • politico.com
OPEC Plus, in Symbolic Gesture, to Increase Oil Production

The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.

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May 3 • 10:45 AM EDT • Business • nytimes.com
Natrona County health and food inspections (4/24/26–4/30/26)

CASPER, Wyo. — The Casper-Natrona County Health Department inspects restaurants, grocery stores, convenience stores, mobile food units, commissaries and

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May 3 • 10:00 AM EDT • Health • oilcity.news
China blocks US sanctions against five ‘teapot’ refineries

Ministry of Commerce says sanctions against refineries accused of importing Iranian oil violate international law.

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May 3 • 2:57 AM EDT • Business • aljazeera.com
‘Water‑sowing’: When science and ancestral knowledge join forces to fight drought in the Venezuelan Andes

This ancestral practice combines reforestation, soil conservation, and the protection of frailejones — the tall, fuzzy Andean plants that harvest water — to capture fog and rain, recharge aquifers, and ensure the flow of rivers

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May 3 • 12:00 AM EDT • Science • english.elpais.com
Rising oil prices cause political headache for Trump administration
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May 2 • 6:47 PM EDT • Politics • cbsnews.com
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Connor McDavid sends clear message on Oilers future amid rumors

Connor McDavid addressed growing speculation about his future with the Edmonton Oilers, delivering a clear message after the team’s early NHL playoff exit. Rumors picked up following McDavid’s blunt assessment of the Oilers’ season, especially since last year he chose…

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May 2 • 3:13 PM EDT • Sports • sports.yahoo.com
'We had to spoil the party'

Birmingham boss Chris Davies spoke to BBC Radio WM after the 1-1 draw at Portsmouth

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May 2 • 11:01 AM EDT • Sports • sports.yahoo.com
Trump is running out of options to contain gas price backlash

The rising cost of oil is becoming a major political concern for the White House, as the stalemate between President Donald Trump and Iran drags on.

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May 2 • 6:00 AM EDT • Politics • washingtonpost.com
Event With Links to Oil Industry Teaches Judges "Healthy Skepticism" of Climate Science

As congressional Republicans accuse climate scholars and lawyers of colluding to influence the judiciary, a symposium hosted by a center funded by the fossil fuel industry educates judges about free-market views of climate science.

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May 2 • 5:00 AM EDT • Science • propublica.org
Iran deadlock: is Trump now ‘stuck’?

The president may be ‘trying to look relaxed’, but upcoming midterms and rising oil prices are ramping up pressure

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May 2 • 2:10 AM EDT • Politics • theweek.com
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LeBron James didn't need a legacy series, but the dysfunctional Rockets were the perfect foil for one

The Lakers were undermanned, but James got everything out of his supporting cast

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May 2 • 12:18 AM EDT • Sports • cbssports.com
Business Lookahead: Eyeing oil, US jobs, and European earnings

STORY: From high oil prices and the conflict in the Middle East to U.S. jobs data and corporate earnings, here’s what you need to watch in business and finance in the week ahead.:: Crude and currencyOil prices briefly topped $120 a barrel this week to hit their highest level since 2022 as the war with Iran enters a third month.While the U.S. and Iran face pressure to end a conflict that has shut the Strait of Hormuz, the world watches anxiously as the biggest-ever disruption to energy supplies unfolds.For each week the Strait is closed, keeping oil elevated, the greater the economic risks via higher inflation or weak growth or, for some, both. Oil importer Japan just intervened to prop up a yen that has been weakened by the conflict.A new month is now underway and some traders will be mindful of that old adage, "Sell in May and go away.":: Jobs gyrationsAs the U.S. economy grapples with fallout from the Middle East war, Wall Street's radar turns to Friday's April monthly payrolls report.The U.S. economy likely created 73,000 new jobs, economists polled by Reuters forecast. In March, payrolls increased by 178,000, the most since December 2024, but that followed a sharp decline in February.The U.S. employment data comes amid signs of hawkishness at the Federal Reserve, as Donald Trump pick Kevin Warsh prepares to take over as chair with the U.S. president keen on rate cuts.:: Starmer’s statusThursday's local elections in Britain, usually a non-event for investors, could move markets in a big way, with opinion polls pointing to a heavy defeat for Prime Minister Keir Starmer's Labour Party.A heavy defeat could spark more widespread demands for his dismissal among his own lawmakers and stoke expectations of a successor more willing to run looser budgets. That would bring more bad news for British bonds.::European earningsIt's a big week for European earnings with Shell and Commerzbank among those reporting.On aggregate, profits are expected to grow 3.2% in Q1, according to LSEG I/B/E/S. Under the surface, it's a little bit more complicated. Growth is expected to be driven by just three sectors: financials, tech and energy. The latter is seen as the biggest beneficiary of the Iran war due to higher oil and gas prices.But if the war, and energy surge, persist, the overall outlook for Europe's earnings could turn.

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May 1 • 5:33 PM EDT • Business • finance.yahoo.com
Price war: Apple's 1TB M5 MacBook Pro with 24GB RAM plunges to $1,699

Apple retailers are embroiled in a MacBook Pro price war this weekend, offering a $200 discount on the 1TB M5 14-inch model with an upgrade to 24GB of memory.

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May 1 • 12:14 PM EDT • Technology • appleinsider.com
Spirit Airlines prepares to cease operations amid financial struggles and high oil prices

Company had struggled to increase post-pandemic demand before war in Iran pushed up jet fuel costs

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May 1 • 11:38 AM EDT • Business • theguardian.com
Oilers have an unbelievable Trent Frederic $30 million contract problem

Edmonton is in a wild spot here.

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May 1 • 8:36 AM EDT • Sports • sports.yahoo.com
Pickleball and protests: How a Trump visit is roiling the world's largest retirement community

Politics have become an increasingly thorny issue in the Villages, the world's largest retirement community.

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May 1 • 4:38 AM EDT • Politics • bbc.com
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Oilers' season comes to screeching halt against Ducks

The reigning back-to-back Western Conference champions fall in six games to the Ducks and they leave with questions heading into the summer.

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May 1 • 3:42 AM EDT • Sports • sports.yahoo.com
Round Two Game 1 Schedule for Hurricanes vs. Flyers Announced

Following the Anaheim Ducks’ advancement to Round Two of the Stanley Cup Playoffs after defeating the Edmonton Oilers 5-2 in […]

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May 1 • 2:41 AM EDT • Sports • sports.yahoo.com
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‘Public health time bomb’: How France allowed cadmium to poison its crops and soil

French residents are three to four times more likely to register unsafe levels of cadmium in their bodies than their European counterparts, ingesting dangerous amounts of the carcinogenic metal through…

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May 1 • 1:18 AM EDT • Health • france24.com