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Bureau of Reclamation Projects Lake Mead Will Fall Another 33 Feet by June 2028

New federal projections show Lake Mead dropping to levels not seen since Hoover Dam was built, with Lake Powell hovering right at its hydropower protection line. Both reservoirs sit near 24-27 percent capacity with no deal among the seven Colorado River Basin states to change course.

US Reimposes Full Naval Blockade on Iran After MOU Collapses, Ends Oil Waiver

CENTCOM restarted its blockade of Iranian ports on July 14 after President Trump ordered it back on, following the collapse of a June memorandum of understanding and fresh tanker attacks. Tehran used the ceasefire window to export roughly 80 million barrels of oil worth about $6 billion before the door slammed shut again.

Alberta and Ontario Pitch 'Northern Shield' Pipeline as Second Canadian Route to Bypass the US

Alberta Premier Danielle Smith and Ontario Premier Doug Ford have proposed a 3,300-kilometer pipeline to move western Canadian crude to Sarnia refineries without crossing US soil, adding a second bypass project alongside the west coast line Mark Carney locked down with British Columbia earlier this month. A feasibility study is due by the end of 2026, and none of this oil moves until the studies, permits, and financing actually land.

PNNL Scientists Extract Critical Minerals From Seawater as U.S. Looks to Break China's Rare Earth Grip

China controls 85-95% of the world's refined rare earth minerals, and Beijing has shown it's willing to use that as leverage. A U.S. government lab just built a reactor that pulls magnesium and potentially other critical minerals straight out of seawater, and if it scales, it could be one of the few real paths off China's supply chain.

US Oil and Gas Extraction Jobs Hit a Near-Record Low in June Even as Production Stays Near Record Highs

US oil and gas extraction employment fell to 114,500 in June 2026, the second-lowest June on record behind the 2021 pandemic bottom, according to Bureau of Labor Statistics data cited by OilPrice.com. Production isn't dropping. The industry just needs fewer people to pump the same or more oil, thanks to automation, consolidation, and a decade of investors demanding returns over headcount.

One Driver's 600-Mile EV Road Trip Had Almost No Charging Problems. That's the Anecdote, Not the Data.

A TechCrunch writer drove 600 miles from the U.S. to Montreal in an Audi e-tron and hit only one minor hiccup at the charger. It's a good sign for EV infrastructure, but one smooth trip doesn't settle whether public charging actually works for most people, most of the time.

Toronto Chokes Under Wildfire Smoke Again. Firefighters Say Some Blazes Are Meant to Burn.

Southern Ontario is under smoky skies again this week as Canadian wildfires burn, with Premier Doug Ford asking Ottawa for more help and some U.S. Republican lawmakers demanding Canada do more to stop smoke drifting south. Scientists and firefighters say the real problem isn't a lack of effort, it's that many fires in remote terrain can't be safely or usefully suppressed, and that climate patterns are making bad fire seasons more frequent.

Burnham Set to Back North Sea Oil Drilling Before He Even Takes Office Monday

Andy Burnham hasn't been sworn in yet, but Bloomberg reports his team already has the civil service drafting plans to greenlight the Rosebank and Jackdaw oil and gas fields. That's a direct break from Labour's 2024 manifesto, which promised no new licenses, and it sets up a fight with Ed Miliband before the new government even unpacks its boxes.

Central Oregon Lightning Siege Grows to 85-Plus Fires, Three Blazes Now Top 10,000 Acres Each

A single storm on July 15 dropped more than 2,000 lightning strikes on Central Oregon, sparking over 85 fires. Three of them, the Cove Creek, Hopkin, and Porcupine Ridge fires, have each grown past 10,000 acres, and California is sending five structure task forces to help.

Bangladesh's $12.65 Billion Russian-Built Nuclear Plant Is Set to Power Up in 2027

Bangladesh is betting big on nuclear power with a Russian-financed, Russian-built reactor complex at Rooppur, expected to supply 15% of the country's electricity once complete. It's part of a global shift where nuclear expansion is happening fastest in emerging economies, not rich ones, and that means dependence on China or Russia for the money and the technology.

First Three FireSat Wildfire-Detection Satellites Reach Orbit, Data Coming to California and Colorado This Year

Three satellites built to spot wildfires as small as 16 by 16 feet launched July 7 from Vandenberg Space Force Base, backed by $15 million from Google and $26 million from the Bezos Earth Fund. The tech is genuinely useful, but it's a supplement to firefighting, not a substitute for it, and the full 50-plus satellite network won't be up until the early 2030s.

Top Wall Street Commodities Strategist Says the Oil Glut Story Is Wrong

Jeff Currie, the veteran commodities strategist now at Carlyle, says the market's assumption of endless oil abundance is falling apart. Years of underinvestment in new supply, not a demand collapse, is the real story, and prices moved sharply higher as WTI and Brent both jumped over 4% in a single session.

Brussels Adds Details to Its Carbon Market Overhaul: Private Jets In, Cap Cuts Slower, €260 Billion in Revenue Under New Rules

The European Commission's proposed Emissions Trading System overhaul, previewed earlier this week, now includes the fine print: private jets get taxed for the first time, municipal waste gets added, and 50% of ETS revenue must go back into decarbonizing industry. Ten member states including Poland and Italy already object, while climate advocates say the slower emissions-cap decline guts the EU's most effective climate tool.

China Hunts for LNG Deals That Skip the Strait of Hormuz Entirely

Beijing is pushing for long-term liquefied natural gas contracts routed away from the Strait of Hormuz, a hedge against Middle East supply risk that's building alongside a U.S.-backed Iraq-Syria pipeline meant to bypass the same chokepoint. China isn't waiting on Washington or Tehran to sort out shipping lanes — it's buying insurance.

Colombia's Election Winner De la Espriella Set to Reverse Petro's Fossil Fuel Exit Plan

Abelardo de la Espriella beat Iván Cepeda by roughly 1 percentage point in Colombia's June 21 presidential election and takes office August 7. He's campaigned on ramping up oil and gas production and hardline crime policy, reversing outgoing President Gustavo Petro's push to wind down fossil fuels.

Iraq Builds Pipeline Escape Routes Around Hormuz While Drones Keep Hitting Basra

Iraq is racing to build oil pipelines through Syria and Turkey to bypass the Strait of Hormuz, with Chevron, U.S. firm TI Capital, and Qatar's UCC Holding involved in the planning. Washington is backing the effort, but the projects remain years from operational and drones are already hitting Basra's port infrastructure.

Strait of Hormuz Traffic Near Standstill on Day 7 of US-Iran Strikes, Oil Hits Monthly High

US strikes on Iran have entered a seventh straight day, and Persian Gulf shipping has dropped to its lowest level in over a month. Brent crude is sitting around $77-$78 a barrel, and analysts warn prices could spike far higher if the Strait of Hormuz shutdown drags on.

India Moves to Tighten Vehicle Emission Rules to Cut Oil Imports

India is proposing stricter vehicle emission standards aimed at cutting oil consumption and reducing reliance on imported crude, according to OilPrice.com. The move signals New Delhi is serious about energy security, even if it means higher costs for automakers and consumers in the short term.

FERC Chairman Says PJM Grid May Be 'Too Big to Function' After Latest Capacity Auction Falls 7 GW Short

PJM's newest capacity auction cleared nearly 7 GW below its reliability target and attracted only about 500 MW of new supply, prompting FERC Chairman Laura Swett to say the nation's largest grid operator might have grown too big to manage. FERC holds a technical conference July 23 to dig into PJM's governance, but any real fix for the 13-state grid is still months to years out.

NOAA Puts El Niño Odds at 81% for This Winter, Ski Resorts and Farmers Should Take Note Now

NOAA's July 16 update shows the Pacific warming faster than expected, with a strong El Niño winter now favored at 81% odds, up from 60% in June. That means a fairly predictable playbook: wet in the south, dry and warm in the north, and real risk for rice and palm oil crops in Southeast Asia.