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Calgary Herald
16 hours ago
- Business
- Calgary Herald
Varcoe: Oil prices 'to spike higher' as conflict in Middle East casts shadow over G7 energy security talks
Article content Energy markets will also be closely watching to see any signs of potential disruption to Iranian oil supplies, as the country exports about 1.5 million barrels per day. Article content 'Until you really get time to look at the end game here, prices are likely to rise. I don't see it going above $100, but I wouldn't rule it out entirely,' Robert Johnston, senior director of research at the Center on Global Energy Policy at Columbia University, said Sunday. Article content 'The G7 was going to be more focused on Russia, and the U.S. trade agenda and other priorities. They will have to deal with the oil side now.' Article content Analysts say events will make the G7 countries look more intently at how to ensure there's ample access to energy if something disrupts the flow of oil or LNG exports from the countries in the Middle East. Article content Article content 'Even after the Russian invasion, we have not taken energy security seriously — as seriously as we need to,' said Richard Masson, an executive fellow with the University of Calgary's School of Public Policy. Article content 'It's just one more indication that the world is a dangerous place and energy security matters.' Article content Article content Even if Israel and Iran end hostilities within a few weeks, Tehran is unlikely to be a 'reliable supplier of oil to the world for a long time' and it may be difficult for oil shipping firms to obtain insurance to move oil through the Strait of Hormuz, said Masson, a former vice-president of risk management for Nexen Energy. Article content Heading into the summit, U.S. President Donald Trump frequently called on his domestic oil and gas industry to 'drill, baby, drill' and promoted the idea of energy dominance. Article content However, a U.S. EIA report last week — issued before the latest conflict — projected American oil production will dip slightly next year from record levels of 13.5 million bpd, due to expectations of excess supply and weakening prices. Article content Article content The tricky part for the G7 will be to find common ground between the group on what energy security is and how to best reach it, because the idea 'means different things to different people,' said Robert Johnston, incoming director of energy and natural resources at the U of C's School of Public Policy. Article content 'Can Carney put together a common view between the U.S., which sort of sees more supply growth as the answer to the energy security question, versus the Europeans, and to some extent, Canada and Japan, that want supply growth, but also more decarbonization?' he said. Article content And the biggest potential risk the markets will look for in the coming days is a possible attack on tanker traffic in the Strait of Hormuz, damage to Iranian oil-exporting infrastructure, or an attack of onshore oil facilities, such as refining and petrochemical infrastructure in the region, Johnston added.
Yahoo
4 days ago
- Sport
- Yahoo
Pick 6 Carryover Of $30K On Friday At Aqueduct
Pick 6 Carryover Of $30K On Friday At Aqueduct originally appeared on Paulick Report. Friday's card at Belmont at the Big A will be bolstered by a Pick 6 carryover of $30,568 after the multi-race wager went unsolved on Thursday's eight-race program. The $1 Pick 6 at Aqueduct Racetrack in Ozone Park, N.Y. returned $299.50 to bettors who selected 5-of-6 winners correctly. Thursday's Pick 6 sequence kicked off in Race 3 with Rodeo Star [No. 1, $17.80] upsetting a one-turn mile claiming race with Luis Rivera, Jr. aboard for trainer Robert Johnston. Advertisement Trainer Rick Dutrow, Jr. sent out the next winner with the Irad Ortiz, Jr.-piloted Eric From Miami [No. 1, $4.90*], who captured a 1 1/8-mile claimer, in Race 4. One race later, the New York-bred Spoken Bluntly [No. 9, $11.60] won a six-furlong starter optional claiming race against open company on the outer turf with Kendrick Carmouche in the irons for trainer Bruce Levine, in Race 5. In Race 6, a seven-furlong starter allowance race, the Steven Schauer-conditioned Street View [No. 2, $5.60*] scored under Manny Franco. In Race 7, a 1 1/16-mile state-bred allowance on the inner turf, Trail of Gold [No. 7, $10] prevailed in a photo finish for Irad Ortiz, Jr. and trainer David Donk. With 2-of-6 horses covered in the Race 8 finale, the James Ryerson-trained and Hall of Famer Javier Castellano-piloted Quiet Confidence [No. 12, $8.60] came out on top in the six-furlong starter optional claimer on the outer turf. Friday's Pick 6 will begin in Race 4 at approximately 2:35 p.m. Eastern. First post for the nine-race card is 1:10 p.m. America's Day at the Races will present live coverage and analysis of the Belmont at the Big A spring/summer meet on the networks of FOX Sports. For the broadcast schedule and channel finder, visit This story was originally reported by Paulick Report on Jun 12, 2025, where it first appeared.

Yahoo
24-05-2025
- Politics
- Yahoo
Majority of PENNCREST candidates look ready to advance
In an unofficial count Tuesday night, it seemed a majority of the eight cross-filed candidates for PENNCREST School Board will be on ballots come November. Based on Crawford County's precinct data, Tim Brown, Dani Schmidt, Robert Johnston Jr. and Amber Wright are ahead to be on the Democratic ballot, while Wright, Matt Warren, Kathi Despenes and Fred Bryant were the top candidates for the Republican ballot. Venango County election results were not available as of press time to determine the outcome. Current board President Johnston said his main priority moving forward is balancing the budget. 'We're the closest we've ever been in the eight years I've been on the board,' he said, mentioning that he wants to do it without a tax increase. PENNCREST residents saw a 4-mill tax increase last year, and the current preliminary budget has a deficit just over $525,000. On the Republican ballot, Warren said he wants to balance the budget without increasing taxes and to improve the quality of education. He believes his background gave him a leg up to get on the ballot. 'I have 18 years of business experience and I think I have good business sense and also have common sense,' he said. Also on the Republican ballot and focused on academic achievement is Despenes. She said she's tried to interact with the community as much as possible and hear what's important to them and how that measures up to her strong values. She wants to focus on transparency regarding the budget to let tax payers know where their money is going and hopes to continue test scores improvement. 'I hope I can improve the district if elected in the fall, help others and help work with whoever is elected to the board,' she said. All other leading candidates did not respond immediately for comment. The leading vote count for Crawford County precincts as of Tuesday night for the Republican ballot was Wright, 1,415; Warren, 1,376; Despenes, 1,361; and Bryant, 1,243. The Democratic ballot showed Schmidt, 786; Brown, 760; Johnston Jr., 612; and Wright, 342. Official results will be certified once all provisional ballots and other ballots that must be counted by hand are completed. The final computations, after a five-day posting period in which there are no objections or challenges, will be made official with the final signing by the Crawford County Board of Elections.


Belfast Telegraph
02-05-2025
- Business
- Belfast Telegraph
Evangelical Presbyterian Church hits out at Belfast pilot scheme extending Sunday trading hours
The Evangelical Presbyterian Church has hit out at a pilot scheme extending Sunday trading hours in Belfast. On Thursday evening, Belfast City Council agreed plans for the scheme, which will allow shops to open from 10am on Sundays during the six-week pilot period. An amendment to the plans asking for the issue to go back to committee, supported by the DUP, SDLP, Green Party, UUP and TUV failed. The plans were backed by Sinn Fein and Alliance. As things stand, larger shops in Belfast can only open from 1pm to 6pm, while smaller stores have more flexibility. Reverend Robert Johnston of the Evangelical Presbyterian Church said members were 'concerned and saddened' by the pilot plans. 'Those who support this further extension of Sunday opening argue that it will revitalise the heart of the city on Sundays, with a particular focus on tourism,' he said. 'While we are supportive of the idea of revitalising our capital city, there are ways of doing this which do not involve extending the opening hours of shops on a Sunday. 'Some politicians and trade unionists have expressed concern for the rights – or lack of rights – of shop workers, including the right to have a family life. We understand that shops in several European countries are closed on Sundays for this very reason.' Retail NI has recommended that the council set up a 'Sunday morning working group', made up of business representatives, trade unions and others 'to agree an inclusive way forward and a plan for the summer months.' The body's chief executive Glyn Roberts said: 'The remit of this group should be wider than just the City Centre and include all parts of the city in a new plan for Sunday morning.' 'To completely deregulate Sunday trading and create another normal shopping day shows a poverty of ambition and ideas for the city. 'It is an idea that belongs to the past and not to a modern progressive 21st century city. 'We need new thinking to animate Sunday mornings and offer shoppers and visitors something different. 'This proposal will provide large multinationals with even more trading time, directly at the expense of small independent retailers who use trading time on Sunday mornings to sustain their business.'