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Laura Rutledge announced Tuesday that she is leaving SEC Network's "SEC Nation" after more than a decade on the show.

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A viral post expressed shock at how crowded with vendors Hollywood Boulevard has become.

Boomer Esiason didn't mince words about Abdul Carter's criticism of Jaxson Dart.

Iraq's Oil Collapse Sparks Race For New Export Routes

Authored by Simon Watkins via OilPrice.com,

• Iraq's oil production has collapsed to just 1.39 million bpd after the Strait of Hormuz blockade stranded exports.

• Baghdad is urgently trying to revive northern export routes through Turkey, including the Kirkuk-Ceyhan system and a new Kirkuk-Nineveh pipeline.

• China is re-emerging as a major strategic player in Iraq's energy infrastructure, with Chinese firms heavily involved in Baghdad's new north-south pipeline expansion.

April was indeed the cruellest month for decades for Iraq's crude oil production, with an average of 1.389 million barrels per day (bpd) over the period. This compares to a monthly average of 3.47 million bpd from January 2002 to the end of March this year, and an average of over 4.1 million bpd in the three months leading up to the onset of the U.S./Israel-Iran War on 28 February. The last time oil production fell to the current level in the country was in the early 2000s, during and immediately following the 2003 U.S.-led invasion. Even for a diversified economy, this would spell bad news, but for Iraq, it is existential, with over 90% of its annual budget historically coming from oil and around 95% of that black gold having to pass through the still-blockaded Strait of Hormuz before it is monetised. The effective closure of that key export route meant that Iraq's domestic oil storage tanks quickly filled to maximum capacity, and because it has extremely limited options to transport its crude elsewhere, it has been forced to shut down production wells entirely. As disastrous as it is now, even worse may be to come soon, as these shutdowns can cause permanent damage to wells through a loss of reservoir pressure, water infiltration, and corrosion, among other factors. In Iraq's case, many of its biggest mature southern fields are highly susceptible to these problems. This is why the race has been on in Baghdad to secure other export options, most notably now, pipeline options in the north, but these bring their own sets of problems with them.

Historically, moving oil from the southern part of Iraq administered by the Federal Government of Iraq (FGI) in Baghdad was a largely redundant exercise, with little demand for it from Europe that was not already being filled by oil coming from the country's semi-autonomous northern region, presided over by the Kurdistan Regional Government (KRG). Instead, the onus of the FGI's export drive was to the East, especially to China - a route involving the Strait of Hormuz. This was also a pivotal means by which sanctioned Iranian crude oil could be surreptitiously transported to the same destination, rebranded as non-sanctioned Iraqi oil, with all elements involved in this mechanism analysed in full in my latest book on the new global oil market order. Aside from the ongoing conflicts with Washington that this continued practice brought with it for Baghdad, it also meant that the Federal Government could focus on measures aimed at stopping the KRG's oil exports to Europe via a pipeline running into the Turkish port of Ceyhan, thus pressuring its ability to generate financing independent of Baghdad. This was central to Baghdad's long-term objective to destroy the economic infrastructure of the Kurdistan region before rolling it into the remainder of a unified Iraq as just a regular administrative region. The idea was in line with the geopolitical ambitions of Baghdad's superpower sponsors, China and Russia, as also detailed thoroughly in my latest book. These objectives were outlined some time ago by a very senior member of the Russian administration to a senior source who works closely with Iran's Petroleum Ministry, and then exclusively relayed to OilPrice.com: "By keeping the West out of energy deals in Iraq, the end of Western hegemony in the Middle East will become the decisive chapter in the West's final demise." On the other hand, the U.S. and its allies wanted to bolster the independence of the Kurdistan region to act as leverage to extend their influence in the rest of Iraq to the south. Their objective was to have the Kurdistan region expel all Chinese, Russian, and Iranian companies from the region, and then to gradually push for the same to happen in the rest of Iraq.

The key lever Baghdad used to effect this plan to subsume the northern Kurdistan region was a deal struck in 2014, in which the FGI pledged to send the KRG money each month from Iraq's central government budget (17% at the time the deal was made) in exchange for the KRG pledging to send oil produced in its region (around 550,000 bpd at the time of the initial deal) to the FGI. The deal has never worked properly, with either Baghdad accusing Erbil of underdelivering oil (and selling it separately outside the terms of the agreement) or Erbil accusing Baghdad of underpaying from the budget - or both simultaneously. This, though, has caused a big problem for Baghdad since the outbreak of U.S./Israel-Iran War, in that the KRG had the only workable pipeline solution that would enable Baghdad to move its oil anywhere for monetisation through exports. Moreover, the supply/demand dynamics shifted so that European refiners grew desperate to secure any replacement barrels to compensate for those that had come through the Strait. To capitalise on this - but with no fully working pipeline itself, and disagreements with the KRG still simmering away - Baghdad has resorted in recent weeks to transporting oil to Turkey as and when it can through trucks overland.

Something is better than nothing, of course, but these volumes pale into insignificance when compared to those that could be achieved through a working pipeline, and it is this that Baghdad is aiming to get up and running as soon as possible. Not that long ago, the FGI had an oil pipeline that ran from the disputed, federally-controlled Kirkuk province adjacent to Iraq's Kurdistan region to the Turkish port of Ceyhan. It ran northwest from the Kirkuk K1 field through federal territory (the Salahaddin and Nineveh provinces, near Mosul) up to the border town of Fishkhabur. This "original" Kirkuk-Ceyhan Pipeline or Iraq-Turkey Pipeline (ITP) consisted of two pipes, which theoretically had a nameplate capacity of 1.6 million bpd combined and was split into 1.1 million bpd for the 46-inch (1,168-mm) diameter pipe and 500,000 bpd for the 40-inch (1,016-mm) line. This FGI-controlled pipeline's export capacity reached between 250,000 and 400,000 bpd when running normally, but even before the Islamic State entered the picture in 2014, the pipeline was subject to repeated and ongoing attacks by various Sunni militant groups operating in the region. Given its unreliability as an export option, the KRG constructed its own single side-track pipeline, from the Taq Taq field through Khurmala, which joins the Kirkuk-Ceyhan pipeline in the border town of Fishkhabur. This had a nameplate capacity of 700,000 bpd, which was then increased to 1 million bpd, although it has so far reached only 900,000 bpd.

With or without a peace deal between Iran and the U.S./Israel alliance, Baghdad is now pushing ahead with the Kirkuk-Nineveh pipeline as part of the Iraq-Turkey crude oil pipeline extending to Ceyhan Port on the Mediterranean Sea, which is independent of the KRG. The Kirkuk-to-Nineveh line is not a standalone project, but rather is the vital northern leg of the rehabilitated federal network, proving the physical pipe required to carry oil around the KRG's territory and deliver it directly to the Fishkhabur border terminal. The 350,000-bpd design capacity of this Kirkuk-to-Nineveh segment reflects the Oil Ministry's cautious, phased approach, as they cannot safely test the entire 1.6 million bpd nameplate capacity of the old system at once. Opening this 350,000-bpd pipeline allows Baghdad to easily handle the initial trial target of 150,000 to 250,000 bpd of Kirkuk crude next month. Moreover, once the southern Basra-to-Haditha corridor is built, it will plug into this newly opened Kirkuk-Nineveh-Fishkhabur line, creating a seamless, high-volume flow from the Persian Gulf to Turkey - at least, that is the idea.

However, just when the West thought that Iraq might be moving back into its own sphere of influence and away from China's, Beijing's hand has appeared again in this grand pipeline project. To obviate any future problems that might come in transporting oil from its massive southern fields out into the world, Baghdad is working to connect these directly to the northern network, and to achieve this, it has agreed to partner heavily with Chinese engineering firms. This will be part of the US$1.5 billion emergency infrastructure budget approved by former Iraqi Prime Minister Mohammad Shia al-Sudani that ties into the 2019 "Oil-for-Projects" agreement between Baghdad and Beijing, fully analysed in my latest book on the new global oil market order. Suffice it to say here that under this framework, Iraq sets aside 150,000 barrels of oil per day in an escrow account to serve as collateral for such work undertaken by Chinese entities. Indeed, Baghdad bypassed traditional open public bidding to directly invite specialised Chinese state companies to fast-track construction of the US$5 billion Basra-to-Haditha pipeline - the 700-kilometre mega-corridor designed to pump 2.5 million bpd from the south up toward the northern networks.

Tyler Durden Tue, 05/26/2026 - 17:00

Reuters Peddles Fake News After Defense Contractor Misuses Civilian Starlink Terminals

Reuters dropped another misleading article today - this time attempting to manufacture drama between the Pentagon and SpaceX over Starlink usage during the Iran conflict.

The story framed routine commercial contract discussions and terms-of-service enforcement as major "tensions" and growing Pentagon reliance giving Elon Musk undue leverage.

Reuters' version of events was that SpaceX used wartime urgency to raise the price of Starlink connections on U.S. drones from roughly $5,000 to $25,000 per terminal, forcing the Pentagon to pay up while exposing how dependent the military has become on Musk-controlled infrastructure.

The reality, according to Musk, is that the dispute centered on a more basic issue: a drone manufacturer or contractor allegedly used civilian Starlink terminals on military weapon systems, including drones, in violation of Starlink's commercial terms of service, when the proper government and defense product is Starshield. In other words, Reuters framed the episode as a price-gouging and leverage story, while SpaceX and the Pentagon framed it as a contract-compliance story involving the misuse of civilian satellite service for weapons applications.

Reuters article is false. They made improper use of the Starlink civilian system for military purposes. Direct violation of terms of service.

- Elon Musk (@elonmusk) May 26, 2026

Musk was clear in multiple posts that this is a longstanding policy. Commercial Starlink is not authorized for weapons applications and is shut down when discovered.

It is a violation of commercial Starlink terms of service to use the terminal for weapon systems. This applies to all users and is shut down when discovered.

There is a separate network called Starshield, which is operated by the US government. This is not under SpaceX control.

- Elon Musk (@elonmusk) March 1, 2026

The Pentagon also pushed back on the story.

The Fake News media has the story wrong, again. @SpaceX remains a strong and valued partner to the Department of War.

The claims in this article are simply not based in reality and do not reflect the close, effective collaboration between our teams. https://t.co/872Maa5FX2

- Sean Parnell (@SeanParnellASW) May 26, 2026

Pentagon officials have emphasized the strong partnership with SpaceX, which provides critical capabilities through its Starshield military variant. Starshield terminals are designed for secure government and defense use, connecting to both commercial and dedicated secure constellations.

The Reuters piece, of course, relied on anonymous sources and selectively presented pricing discussions while ignoring the core issue of contract compliance. Musk has consistently maintained that commercial Starlink terms prohibit weaponization, a point he has reiterated across multiple conflicts.

Tyler Durden Tue, 05/26/2026 - 16:40

Defending The Fourth Amendment To Protect Gun Owners

Authored by John Velleco via Gun Owners of America,

All gun owners fully understand the vital importance of preserving the Second Amendment. But right behind that Constitutional Amendment in importance is the need to uphold the Fourth Amendment’s protection against unreasonable searches and seizures.

After all, without robust Fourth Amendment rights, we will never have much of a Second Amendment right. For that reason, both Gun Owners of America and Gun Owners Foundation have regularly filed amicus briefs to guard against erosion of Fourth Amendment rights. We recently filed such an amicus brief in the U.S. Supreme Court, asking the High Court to ensure that law enforcement not abuse the investigative technique known as “knock and talk.”

As more and more states seek to ban more and more classes of previously legal firearms, gun confiscation has become an ever-greater threat. Historically, the Fourth Amendment’s protections have been greatest when applied to the home, which also happens to be where most guns are kept. The Supreme Court has discussed the right of a man to retreat into his own home and there be free from unreasonable governmental intrusion.

However, the courts have recognized that police have the right to “knock” on the door of your home, and “talk” to you - if you agree to speak. In Florida v. Jardines, 569 U.S. 1 (2013), the U.S. Supreme Court ruled that all visitors - including the police - have an “implicit license” to “[i] approach the home by the front path, [ii] knock promptly, [iii] wait briefly to be received, and then (absent invitation to linger longer) [iv] leave.” That rule seems entirely reasonable - but it is astonishing how police have come to abuse that “implicit license.”

In a recently decided case from North Carolina, State v. Reel, 297 N.C. App. 205 (N.C. Ct. App. 2024), the police broke every one of the rules, but the search was upheld. The officers suspected drug dealing was going on at a house, so they parked on a side street and crossed the defendant’s side yard - not the front yard. They followed a visitor to the front door, and when the defendant opened the door for the visitor, tried to force their way in behind her. The police never actually knocked. And, they never actually talked - except to demand the door be opened so they could rush in, claiming to have smelled marijuana. When the defendant refused and shut the door, another officer kicked in the door, searching for and seizing drugs. Thus, “knock and talk” was used as a pretext to conduct a warrantless search and seizure in a home. Nevertheless, North Carolina’s two highest courts approved.

GOA’s amicus brief urged the U.S. Supreme Court to impose a “bright-line” rule for law enforcement, so officers would know their limits, and judges would have a clear rule to enforce. We argue that since the “implied license” was based on the fact that any visitor - such as trick-or-treaters or girl scouts - to a house could “knock and talk,” the police could do the same. So we took that justification and suggested it be made the rule – a clear limitation on what the police could do. We proposed the rule to be:

The right of a police officer to conduct a “knock-and-talk” is no greater than a Girl Scout has to approach a house to sell cookies.

Since a Girl Scout cannot walk around your house to the back yard to the back door, neither can the police. Since a Girl Scout cannot come to your house in the middle of the night, neither can uninvited police. No peering through windows. No forcible entry. No hanging around without invitation from the occupant. No repeated trips back to harass the occupant. No surveillance devices. And, the occupant must have the right to refuse to talk, and to revoke the “implied license” for the police to remain and talk whenever he chooses.

The police have a tough enough job. Fuzzy rules of procedure not only jeopardizes the peoples’ liberties, but also law enforcement safety.

Gun owners must be especially vigilant where Fourth Amendment rights are concerned, because the threat of warrantless police sweeps to take guns from law-abiding citizens is not merely theoretical. Not long ago, Texas politician Beto O’Rourke boldly claimed: “Hell yes, we’re going to take your AR-15, your AK-47, and we’re not going to allow it to be used against your fellow Americans anymore.” And the anti-gunners seem to get far more militant every year. Thus, any weakening of the Fourth Amendment jeopardizes the Second Amendment.

GOA will always lead the fight to defend the “right to keep and bear arms,” as well as those other constitutional rights essential to protect guns, and that most definitely includes the Fourth Amendment.

John Velleco is the Executive Vice President of Gun Owners of America.

Tyler Durden Tue, 05/26/2026 - 16:20

These semi-precious stones might well be her good luck charm.

These semi-precious stones might well be her good luck charm.

Nine anonymous cryptocurrency wallets have been revealed to have a massive sway over who wins and loses some of Polymarket’s most contested prediction market bets – drawing blowback from a growing number of unhappy traders.  Polymarket’s third-party resolution mechanism over the past year has adjudicated nearly 2,000 financial contracts, including bets on war, elections and...

"I don't think it's healthy to be isolated as you get older," 72-year-old cinematographer David West says. "It's good to have a community."

Carlos Gauna, known on YouTube as The Malibu Artist, was out filming sharks in late April when the terrifying close encounter unfolded underwater.

The "Grey's Anatomy" alum is already a dad to two kids with his ex-wife, Aryn Drake-Lee.