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17d06/29

Is Libya Quietly Becoming the Biggest Oil Prize the West Can’t Afford to Ignore?

At around the same time as OPEC raised its long-term oil demand forecast for the third consecutive year — now expecting global consumption to rise 19 million barrels per day (bpd), or 18%, by 2050 — Libya’s state-owned National Oil Corporation (NOC) announced that the country’s oil production is now at the highest level in 13 years. Its current 1.487 million bpd crude output is just a whisker away from the NOC’s short-term strategy of producing 1.5 million bpd of oil, which opens the way for the

◇ unclassifiedmiddle-east · russia · usa
17d06/29

US Supreme Court rejects Trump’s unprecedented bid to fire Fed governor Lisa Cook

The US Supreme Court refused on Monday to let President Donald Trump ⁠fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank’s cherished independence against an unprecedented challenge. The court, in a 5-4 ruling, blocked Trump’s bid to become the first president to remove a Fed official since Congress created the central bank in 1913. In his second term as president, ⁠Trump has tested the limits of presidential power in numerous other ways as well. Conservative...

◇ unclassifiedchina · asia · usa
17d06/29

Hong Kong cocaine haul hits 361kg in days after police raid another yacht

Hong Kong police have seized a second cache of suspected cocaine worth about HK$90 million (US$11.4 million) from a pleasure boat in Aberdeen, days after uncovering HK$180 million of the drug in another yacht at the site. Officers from the narcotics bureau on Sunday raided the six‑metre (20-foot) yacht moored near boats targeted in last week’s operation and found about 120kg of cocaine bricks on board. Together with the previous seizure of 241kg of cocaine in a yacht in Aberdeen Typhoon Shelter.

◇ unclassifiedchina · asia · usa
17d06/29

Renewable fuels seem to be picking up steam. Is the space oversaturated or prime for consolidation by the big boys?

Seems like the perfect storm for renewable fuels is finally here, bipartisan support, X15N RNG engine adoption, high/sticky diesel prices, the big boys like chevron, BP, Loves, all seem to want in. I like Opal fuels myself they make pretty solid profits and they should continue to grow for the foreseeable future… but I also see so many small renewable fuel producers, is the space oversaturated or are the big boys about to go on a shopping spree? submitted by /u/Fwhometeam [link] [comments]

Social◇ unclassifiedsocial-signal
17d06/29⚠ war-conflict · 3/5

Philippines Becomes World's Top Solar Panel Buyer

Philippines to the highest in the world since the Iran war began, according to customs data cited by Reuters. Amid soaring electricity prices and a supply crunch in fossil fuels, many Filipinos have opted to install rooftop solar panels over the past three months. The spending on solar panels in the Southeast Asian country, which has been one of the worst-hit Asian economies in the energy supply crisis triggered by the Middle East conflict, topped $407 million between March 1 and May 31, per Chi

◇ unclassifiedmiddle-east · russia · usa
17d06/29⚠ war-conflict · 3/5

Russia's Fuel Crisis Deepens as Putin Acknowledges Growing Gasoline Shortages

Russian President Vladimir Putin acknowledged what outside experts, many regional officials, and everyday citizens have already noticed: Russia is facing energy shortages, causing major problems for citizens and industries. "You are well aware that ‌problems for drivers and for businesses persist," Putin said on June 28. "Unfortunately, there are still lines at gas stations." "We have to reduce to a minimum the impact of terrorist attacks on our civilian targets and infrastructure," apparently r

◇ unclassifiedmiddle-east · russia · usa
17d06/29

Supreme Court rejects Trump’s push to throw out Carroll sex abuse verdict

The Supreme Court on Monday rejected a push by President Donald Trump to throw out a jury’s finding that he sexually abused the writer E. Jean Carroll at a New York City department store in the mid-1990s and later defamed her. The High Court declined to take up the case in a brief, unexplained order, as is typical. There were no noted dissents. Trump’s lawyers had argued that allegations leading to the US$5 million verdict were propped up by “highly inflammatory” evidentiary rulings, including..

◇ unclassifiedchina · asia
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