Article
Canada Just Unleashed Its Fastest-Growing Oil Boom In A Decade
Canada Just Unleashed Its Fastest-Growing Oil Boom In A Decade
Who says price isn't a rationing mechanism?
Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heavy oil field that allows producers to capitalize on rising crude prices far more quickly, according to Bloomberg.
The surge in activity has been significant. Alberta approved 1,764 drilling licenses between Jan. 1 and June 12, the busiest start to a year since 2014. Roughly one-fifth of those permits were for Clearwater wells, marking the...
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Apr 20, 2026 / Tyler Durden
UK PM Starmer Faces "Judgment Day" Over Epstein Pal Mandelson's Appointment
UK PM Starmer Faces "Judgment Day" Over Epstein Pal Mandelson's Appointment
UK Prime Minister Keir Starmer is preparing for a showdown with the senior official he fired over the appointment of Peter Mandelson as US ambassador, as calls for the prime minister to resign grow.
The controversy stems from Starmer's decision to appoint veteran Labour politician Peter Mandelson (Lord Mandelson) as Britain's ambassador to the United States in late 2024/early 2025, despite Mandelson's well-known past associations with the late convicted sex offender Jeffrey Epstein.
The scandal has escalated dramatically in recent days due...
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Jun 16, 2026 / Tyler Durden
Yum Unloads Pizza Hut Chain As Private Equity Takes On Turnaround Challenge
Yum Unloads Pizza Hut Chain As Private Equity Takes On Turnaround Challenge
Yum! Brands agreed to sell its iconic Pizza Hut chain for $2.7 billion following a strategic review, separating the struggling pizza brand from its broader restaurant portfolio, which includes KFC, Taco Bell, and The Habit Burger Grill.
LongRange Capital will acquire Pizza Hut's business outside China for $1.5 billion, while Yum China will buy the China business for $1.2 billion. Both transactions are expected to close in the third quarter.
The Stamford, Connecticut-based private equity firm typically invests in...
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Mar 27, 2026 / Tyler Durden
Trump Signs Memo Directing DHS To Pay TSA Agents; First Paychecks Could Arrive Monday
Trump Signs Memo Directing DHS To Pay TSA Agents; First Paychecks Could Arrive Monday
Summary:
Reuters says 50,000 TSA agents could be paid as early as Monday
Trump officially puts out a presidential memorandum instructing DHS to pay TSA agents
House Speaker Mike Johnson agreed to put a short-term DHS funding package on the floor
The resolution would fund all of DHS, including ICE and CBP
It would replace the Senate-passed bill on the House floor
Chuck Schumer says it's 'DOA'
Trump Puts Out Order Instructing DHS to Pay TSA Agents
President Trump wrote in a presidential memorandum...
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