Showing posts with label oil prices. Show all posts
Showing posts with label oil prices. Show all posts

Thursday, June 25, 2026

News roundup, 25 June 2026

- Oil prices have dropped back to the prewar baseline following the memorandum of understanding signed between the US and Iran that has led to a resumption in traffic through the Strait of Hormuz. Wholesale prices of fertilizer are coming down as well, though many farmers say they have yet to see any real relief at the retail level.

- At least 164 people were killed and 971 injured after two earthquakes struck within a minute of each other in the Venezuelan capital Caracas.

- The Red River Co-op has plans for a badly needed downtown grocery store at Portage Place. The 22,500 ft2 facility is expected to open in 2029.

- Winnipeg city councillor Janice Lukes, who represents the suburban Waverley West ward, has announced that she is not running again in this fall's election. Folks on the r/Winnipeg subreddit are mostly rejoicing, though some warn that you should be careful what you wish for. As one person says, "I wasn't a fan, but progressives/urbanists may need to face up to the fact that she was possibly the best we were going to get out of Waverley West." River Heights-Fort Garry councillor John Orlikow isn't running again either; to date Transcona councillor Russ Wyatt has not ruled out running again despite facing sexual assault charges.

- Calgary's chamber of commerce has released a report concluding that secession could cost Alberta's economy $62 billion a year. They also surveyed their members; as this was a self-selecting survey it isn't definitive, but among those who responded more than 75% thought that the very discussion around separation was negatively affecting the province's economy.

- The heatwave in Europe continues, with temperatures hitting the low forties in parts of France yesterday. Even in the normally moderate UK, the town of Gosport recorded a temperature of 36.1°C, and it could get even hotter today.

- A mosque in Regina that got approval from the city to play their call to prayer from a speaker atop the building over the noon hour is getting threats from members of the public. I'd bet you donuts to dinars that the people doing this do not make similar threats to churches that ring bells.

Thursday, June 4, 2026

News roundup, 4 June 2026

- Far-right extremists rioted in Southampton, England on Tuesday over the death of a young man last year. The family of the victim, Henry Nowak, had asked for his death not to be politicized, but given the circumstances (he'd been stabbed to death by a Sikh man, and police initially suspected that he had instigated the fight) Nigel Farage couldn't pass up the opportunity to do so. Farage claimed that there was "two tier policing" in the UK, and that the killing was a result of "mass immigration" (despite the fact that the killer was born and raised in the country). Foreign agitators, including Elon Musk, have been quick to add fuel to the fire, and Farage's brownshirts responded as you'd expect. Farage seems unapologetic about the matter, but then his kind don't believe in backing down.

- The continued closure of the Strait of Hormuz as a result of the US/Israel attack on Iran has so far not led to quite as dramatic a spike in oil prices as some had feared, as countries around the world have relied on oil reserves. This is set to change, though, as these reserves are rapidly depleting with no sign of an end of the war. Prices of over $150 per barrel are expected in the coming weeks. Airlines are downplaying the situation; Air Canada and Lufthansa have both made statements to the effect that there is absolutely no risk of a shortage that could strand passengers. Of course they have to say that or people might be reluctant to buy flights to faraway destinations.

- The US House of Representatives has passed a resolution to end the Iran war.  Four Republicans voted with the Democrats on the resolution. The vote had been scheduled to be held two weeks ago but was delayed by Republican leaders, presumably in the hope of bullying their party's dissidents into opposing the resolution. Of course it would also have to pass the Senate, and would inevitably be vetoed by the Mango Mussolini if it got that far; the Democrats presumably hope that it will give them ammunition to call the war illegal in this fall's election campaign.

- The Manitoba Progressive Conservative Party has blocked Wally Daudrich from running in the constituency of Turtle Mountain after incumbent Doyle Piwniuk announced that he will not be running in the next election. The party has not given a reason, but presumably they consider his hardcore positions to be a liability in suburban Winnipeg, where the party has to do well in order to have a chance of winning an election.

- Pride Winnipeg has caused a stir by prohibiting military personnel from marching in uniform in the upcoming Pride parade. The organization says that this was based on "community feedback", saying that the community was "hurting" due to conflicts around the world. Many LGBT* veterans are understandably less than pleased with the decision, however.

Thursday, April 30, 2026

News roundup, 30 April 2026

- The price of oil has reached its highest level since 2022 following reports that the US is considering new attacks on Iran and that the country's ports could be blockaded for months.

- The United Arab Emirates has announced that they will be withdrawing from OPEC as of tomorrow. While this will probably not have an immediate impact on oil prices (UAE oil still has to pass through the Strait of Hormuz) it will be perceived as a win for Trump, who has railed against OPEC for a long time.

- Several human rights organizations, including Amnesty International, have issued travel advisories for the US in the leadup to the World Cup.

- Buying a business jet to fly himself around in is far from the worst thing Doug Ford has done in terms of actual impacts on Ontario and its people (just consider all the measures he's taken against sensible urbanist policies by municipal governments, for instance), but it seems to be the one thing that could cause problems for his reelection - his party is now in a statistical tie with the Liberals according to a recent poll. That said, the jet purchase was bad enough, especially given that the aircraft wouldn't have been able to use small airports anyway.

- Bell Canada is opening a data centre in the Centreport complex in Rosser, Manitoba, just outside Winnipeg. While this is in keeping with an announcement last fall from the premier that more data centres would be built to support "sovereign AI", many are questioning whether this is the best use of the 5.5 MW of electricity it requires (enough to power thousands of homes).

- Former Mount Royal University professor Frances Widdowson, who has come under fire for her, er, "alternative" understanding of the residential school system, was escorted off the University of Lethbridge campus and fined $600 for trespassing. Widdowson had been the subject of a trespass notice by the university since February when she attempted to hold an unsanctioned event on campus that drew a large number of protesters.

Wednesday, April 29, 2026

News roundup, 29 April 2026

- Former FBI director James Comey has been charged with threatening the life of the president with a picture he briefly posted to Instagram last year. The image showed several seashells arranged to read "86 47"; apparently in some circles "eighty-six" is slang for "eject" or "remove". Comey says he took the picture after seeing the arrangement on a beach; he says removed it upon hearing that some interpreted it as a call for violence.

- Reform UK leader Nigel Farage received a gift of £5 million from a crypto billionaire in 2024; subsequently he reversed his decision not to run in the general election that year. The donor, Christopher Harborne, also donated £9 million to Farage's party last year, the largest single donation to a party by a living person in British history; this is despite the fact that he is based in Thailand. On the other side of the world, Australia's wealthiest person, mining magnate Gina Rinehart, has donated an aircraft as well as $2 million to Pauline Hanson's One Nation party.

- California is holding a referendum on a one time 5% levy on the net worth of billionaires. The measure was proposed as a way to make up for the loss of federal healthcare money; the billionaires are pulling out all the stops to defeat the initiative.

- Higher oil prices resulting from the war in Iran mean that Canada's recent fiscal update, which was prepared before the latest developments, likely underestimates Canada's revenue, meaning a substantial windfall for the government.

- Former South Korean president Yoon Suk Yeol has been sentenced to seven years in prison for resisting arrest and obstruction of justice; this is related to his attempt to impose martial law in 2024. This is largely academic as he has already received a life sentence for rebellion in connection to the matter.

- Five correctional officers were injured in a confrontation with a single inmate at a prison in Cumberland County, Nova Scotia. The president of the officers' union says that the use of drones to smuggle drugs and weapons into prisons has made their job more dangerous; among the measures they're calling for is the jamming of cellphone signals on the premises to make it harder to coordinate such smuggling.

- A 17 year old boy has been charged with animal cruelty after allegedly intentionally running over several sleeping geese in a parking lot. This happened at night, however his vehicle was identified from security video.

- An Indian man dug up his sister's remains and brought them to a bank in order to prove that she was dead in order to close her account.