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Theo Sabo, 5, died after being left inside their car for hours on a 106 Farenheit day in Peoria, Arizona on Sunday.

Libya Threatens Force Majeure As Oil Guards Shut Fields

By Julianne Geiger, of OilPrice.com

Libya’s National Oil Corporation is threatening to declare force majeure after members of the security force assigned to protect the country’s oil infrastructure shut a pipeline valve and halted production at two fields.

Production has stopped completely at the Hamada and Tahara oilfields and at a pumping station after members of the Petroleum Facilities Guard closed a valve on the main Hamada-Zawiya crude pipeline, NOC said Tuesday.

The shutdown could spread.

The Petroleum Facilities Guard said it would impose partial production cuts for one week at several additional fields, including Wafa, Al-Khamsa and El Feel. A full shutdown would follow if its demands are not met.

The Guard wants to be transferred financially and administratively from Libya’s defense ministry to the National Oil Corporation and has called for a timetable to complete the move.

NOC said it could declare force majeure if the closed valve is not reopened or if similar shutdowns hit other oilfields.

Libya has been here before. Political groups, armed factions and workers have repeatedly used oilfields, pipelines and terminals as leverage since the 2011 uprising that toppled Muammar Gaddafi.

The latest disruption lands just as Libya is trying to push production much higher.

Output has climbed to roughly 1.4 million barrels per day, its highest level in more than a decade. NOC is targeting 1.6 million bpd by the end of 2026 and 2 million bpd by the early 2030s.

Getting there could require $36 billion to $40 billion in foreign investment, according to NOC Chairman Masoud Suleman.

International companies have already started moving back in. Libya signed exploration and production-sharing agreements this year with Repsol, Turkish Petroleum, Eni, QatarEnergy and MOL following its first major licensing round in 17 years. BP, Shell, Exxon and Chevron have also been pursuing a return.

NOC received a $2 billion allocation under Libya’s 2026 budget to support its production plans.

The problem is much older than the investment push: fields capable of producing more oil are still vulnerable to whoever controls the valve.

Tyler Durden Tue, 09/15/2026 - 20:05

The A-listers aren't taking any chances when it comes to feeling safe in their new Ohio mansion.

The A-listers aren't taking any chances when it comes to feeling safe in their new Ohio mansion.

Without its oil revenues, an Iranian financial crisis is imminent — so Tehran, through its terror proxies, seeks to open a new front in the energy war.

Ricard, the 300-pound fullback who embodies John Harbaugh’s ideal of physicality as well as Giants nostalgia for the smashmouth 1980s, could be well on his way to developing a cult following as a fan favorite.

"It's Fashion Week, not a fight club...You don't put your hands on someone," the singer said.

"It's Fashion Week, not a fight club...You don't put your hands on someone," the singer said.

The ad regulator said it had "zero-tolerance" for ads promoting AI tools that could sexualise or objectify women.

Stay-At-Home Subsidies Won't Produce A Baby Boom

Authored by Thomas Savidge via The Daily Economy,

Over Labor Day weekend, amidst Americans' attempts to enjoy the waning days of summer, The New York Times published an article titled "Trump Officials Draft Plan to Pay At-Home Parents, Using Funds for Working Ones." Per the story, the administration's proposal would use funds from the Child Care and Development Fund (CCDF), which subsidizes daycare for working parents, to pay stay-at-home parents for their at-home childcare.

My family could potentially qualify for the payment, but my wife and I understand that this program could jeopardize our children's future. While families may find these cash transfers helpful in the short-term, the cost of these transfers could exacerbate the US's already fiscally unstable situation.

What This Proposal Could Look Like

According to the Times article, the Trump administration is drafting a rule that would let some married households use CCDF funds to support a parent caring for their child at home. The other spouse would have to work at least 35 hours per week, and benefits would still be income-limited. Eligibility and payment terms would depend on final policy.

The CCDF currently funds "center-based childcare providers" (daycares) as well as family childcare providers and in-home childcare, so long as these providers are licensed and meet state and local requirements applicable for professional caregivers. The proposed change would make a qualifying child's own parent eligible to receive the same support.

Outside of these scant details, little is known about the proposal. A similar policy was, however, proposed in a Heritage Foundation report last January. Instead of using CCDF funds, the report proposes a separate Home Childcare Equalization credit. The hypothetical tax credit would add up to $2,000 per eligible child under five to Heritage's proposed Family and Marriage credit. Marriage and earned income would be required, and benefits received through the CCDF (as well as the child and dependent care tax credit) would reduce the proposed credits dollar for dollar.

Heritage estimates that its two credits together would cost about $188.7 billion over ten years, and proposes other spending cuts to offset part of the cost. The new proposal will have its own budget consequences. Redirecting existing funds and creating additional benefits require different fiscal assessments.

Greater Parental Choice, But Minimal Impact On Fertility

Care provided by a parent has an economic cost even when no bill arrives. When one parent stays home, that parent likely gives up earnings as well as career advancement. For most, the trade-off is worthwhile. Interviews of highly educated mothers who choose to be stay-at-home parents to many children found these women "see maternity as a high-risk and high-reward endeavor, an ambitious-but-potentially-thrilling life project." Furthermore, research on mothers' wellbeing strengthens the case for parental choice. A study of more than 2,000 mothers linked better wellbeing to employment arrangements that matched mothers' preferences. A separate longitudinal study found elevated depressive symptoms among unemployed mothers only when they wanted paid work. Offering greater choice for parents among existing funds may provide a silver lining: parents will be better able to pursue the career-family dynamic that best suits their needs and goals.

That silver lining, however, must be taken into context. While not stated explicitly, this CCDF proposal is part of the administration's broader efforts to combat declining birthrates. In May, the White House grouped support for stay-at-home parents with fertility benefits, the Child Tax Credits, and Trump Accounts. An IVF announcement last February explicitly cited declining fertility and the goal of "more babies and expanding American families." That broader demographic ambition makes the likely impact on fertility relevant, even if the forthcoming CCDF proposal does not mention it.

Claims that this change (or other fiscal stimulus programs) can usher in a baby boom deserve skepticism. An OECD review finds that cash benefits and tax incentives generally produce modest, sometimes temporary fertility increases. As my colleague Jeff Degner and I noted last January, the Heritage report rightfully admits: "While other nations have tried to reverse declining birthrates through financially generous family policies, none has succeeded in restoring fertility to replacement levels. This demonstrates that government spending alone does not ensure demographic success."

The evidence does not establish whether this proposal would increase fertility. Even if it did produce a temporary increase in births, that could partly reflect families having children sooner without increasing their eventual family size.

Greater choice can be assessed on its own merits; lawmakers should not count on a large fertility response to justify the expense.

The Best Inheritance? Fiscal Discipline And Prosperity

Broader eligibility does not automatically require more federal spending, but, with a fixed budget, more applicants could mean greater competition for smaller benefits. Families excluded from parental care payments could press for inclusion, while existing recipients seek protection from funding reductions. Lawmakers often find it easier to increase spending than to choose among competing claims.

Funding decisions about this proposal take place against a federal debt burden that has already passed $40 trillion. In its February outlook, the Congressional Budget Office projected that debt held by the public would rise from 101 percent of gross domestic product in 2026 to 120 percent by 2036. Existing commitments already put borrowing costs on an unsustainable path.

Persistent borrowing can absorb savings that would otherwise finance private investment, weakening the growth that supports future wages. CBO's analysis of delayed debt stabilization finds that waiting to adjust increases the eventual shock and imposes greater burdens on younger generations. Those consequences belong in any discussion of helping children.

What really matters for family stability is sustained spending restraint that reduces deficits and makes room for lasting tax relief. Parents, my wife and I included, could keep more of what we earn and decide how to use it. Fiscal discipline must accompany the promises of lower taxes. Additionally, tackling inflation, the most corrosive anti-family force of all, can help make life more affordable.

Any CCDF reform should explain its funding limit and provide a workable transition for current recipients. Those standards should apply to the benefits my household may receive as firmly as to programs serving other Americans.

My wife and I would rather Washington make difficult spending choices while we can help bear the adjustment. Our children will live with the consequences of our choices now long after any parental care payments end. Lasting prosperity is the inheritance most worthy of preserving.

Tyler Durden Tue, 09/15/2026 - 19:15

Kremlev, 43 is best known as head of the controversial International Boxing Association -- a position he has held since 2020 -- which was stripped of its recognition and banned from the Paris 2024 Olympics over allegations of corruption.

You could do a lot worse than the Golden State -- for a change.

Tarik Skubal is feeling right at home these days in Los Angeles

Largest US Power Grid Faces Dire Crisis By 2030 If Data Center Load Growth Continues

By 2030, the PJM Interconnection, the largest US electrical grid in the US serving 67 million people in 13 northeast states, is likely to face a “loss of load expectation,” or LOLE -  a key reliability metric used by power system planners to measure the expected number of hours or days per year that a power grid's electricity generation will fail to meet customer demand - between six and 100 times worse than the grid operator’s planning criterion, mainly due to the addition of large-load data centers, according to a study commissioned by the Pennsylvania Public Utility Commission.

The PUC and the firms that produced the report - Synapse Energy Economics, Mondre Energy and Aspen Technologies - characterized it as an independent analysis aimed at developing load projections and evaluating resource adequacy under a set of likely possible futures, according to UtillityDive.

In models covering 2027 through 2030, both a reference scenario and a high-load, low-supply scenario show PJM’s planning criteria for resource adequacy not being met. Only under a scenario with no new data centers is the region able to meet PJM’s target LOLE of 0.1, the report said.

PJM’s standard is designed to limit potential electricity shortages “to approximately one event every 10 years,” said a PUC release about the report. 

In the study’s reference scenario, which relies on PJM’s 2026 load forecast, the modeled 2030 LOLE is 0.59, “or nearly six times worse than the PJM planning criterion,” it said.

In a “worst-case future” of higher-than-expected load additions and constrained resource deployment, the modeled LOLE is 13.20 — “over 100 times worse than PJM’s planning criterion,” indicating an expectation of “more than 13 days with loss of load events per year.”

“As in the Reference scenario, these reliability issues are largely due to surging data center additions,” the study said.

“This analysis sends a clear warning: electricity demand and supply are moving out of balance, and the status quo is not sustainable,” PUC Chairman Steve DeFrank said in a statement. “We need urgent action at PJM and a broader Pennsylvania energy strategy that makes sure our supply of electricity keeps pace with demand.”

PJM, in a statement to CBS affiliate WJAC, acknowledged that new data center loads are growing faster than supply.

“PJM has taken a number of actions to both increase electricity supply and manage new demand in line with the Ratepayer Protection Pledge taken by data center developers to shield residential customers and other ratepayers from bearing reliability risks or cost increases associated with data center development,” said Jeff Shields, PJM’s senior manager of external communications.

The reference scenario anticipates Pennsylvania remaining a net energy exporter, but sees its exports “decrease from about 91 TWh in 2025 to about 69 TWh by 2035 and 38 TWh by 2040,” the report said.

In the high-load, low-supply scenario, Pennsylvania becomes a net importer of 5 TWh by 2040. 

An aerial view of the construction of an Amazon Web Services data center on Aug. 26, 2026, in Sterling, Va, located in the PJM Interconnection, the largest grid in the U.S. and an epicenter of data center construction

“Because this scenario has a large amount of unmet load in 2031 and later years, it is likely that some amount of this 2035 and 2040 load will be unmet, as there will not be enough regional generation to meet PJM-wide load requirements,” the report says.

Last month, Pennsylvania Gov. Josh Shapiro, D, issued an executive order that the state will offer preferential permitting to data center projects with peak demand of more than 25 MW if they commit to certain requirements, including sourcing their electricity from new power supplies.

The PUC also voted unanimously Thursday to approve two motions concerning data center development and ratemaking. One of the motions directs PUC staff to propose updates to the state’s rules for emergency curtailment, and to organize a technical conference on cost allocation for data centers.

The report notes that PJM and the U.S. Department of Energy “have implemented several initiatives, policies, and programs to address growing concerns about PJM’s resource adequacy,” including interconnection queue reform and reliability backstop procurement. 

“PJM and its stakeholders are also currently discussing additional initiatives such as load forecasting improvements,” the report said. “DOE has also committed to keeping some coal-fired power plants online beyond their retirement date, in an effort to maintain resource supply in the region.”

Tyler Durden Tue, 09/15/2026 - 18:50

In August, sources confirmed to Page Six that the duo would be moving back to the UK for “an extended period” at the end of the month.

In August, sources confirmed to Page Six that the duo would be moving back to the UK for “an extended period” at the end of the month.

People were really waiting all day for Sunday night.

Anthropic's CEO Dario Amodei says he has found an outside team that can regulate AI and make sure it doesn’t destroy the world — and it just so happens to have deep ties to his old housemate and the woke Effective Altruism movement.

The High-Speed Rail Authority paid for consultant travel to questionable destinations that appeared unrelated to state business.

The 59-year-old woman – who has not been formally identified by police – was discovered face-down on the sofa around 9:30 a.m. inside the apartment on 79th Street near Third Avenue in Bay Ridge, according to cops and law enforcement sources.