Month: April 2021

Biden to announce withdrawal of US troops from Afghanistan by September 11

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President Joe Biden, having concluded there is no military solution to the security and political problems plaguing Afghanistan and determined to focus on more pressing national security challenges, will formally announce Wednesday that US troops will withdraw from the country before the 20th anniversary of the September 11 terror attacks, a senior administration official said. The withdrawal extends the US troop presence past a May 1 deadline set by the Trump administration in an agreement with the Taliban, but only by a matter of months.Biden has been weighing the decision…

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U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels

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The EIA might be forecasting that the Permian Basin’s oil production will be rebounding soon, but overall, today’s U.S. oil production is still 2 million barrels per day below the levels seen in January 2020. The EIA’s Monthly Drilling Productivity Report is forecasting that for the nation’s most prolific basin, the Permian, production will return to 4.466 million barrels per day in May. That compares to 3.918 million bpd in May 2020—but that was hardly prior to the pandemic. In January 2020, the Permian basin’s average oil production was 4.793…

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Japan To Pour 1 Million Tons Of Contaminated Fukushima Water Into Ocean

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Japan will release some 1 million tons of contaminated water from the Fukushima nuclear power plant into the ocean, the country’s government said amid strong opposition from Japan’s neighbors. The move, according to them, was “extremely irresponsible”, Reuters reports, adding that Japan’s Prime Minister responded with “Releasing the … treated water is an unavoidable task to decommission the Fukushima Daiichi Nuclear Power Plant and reconstruct the Fukushima area.”  Media reported last October about the plans for the radioactive water from the destroyed power plant, noting that it would be diluted before being released…

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Pro-Business Conservative Wins Presidential Election In Oil Producer Ecuador

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Conservative candidate Guillermo Lasso, 65, won the presidential election in South American oil producer Ecuador, and said he would propose new oil deals to private oil companies. Lasso won the run-off against Andres Arauz, 36, who was running on a socialist platform for more social spending. Arauz, a socialist economist and protégé of former left-wing president Rafael Correa, conceded defeat on Monday with more than 95 percent of the votes counted. Pro-business and free-market proponent Lasso won the presidency in his third time running for president, promising to bring more…

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How The Clean Energy Megatrend Impacts The World Order

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Glance up and around and you’ll know the horizon is changing. From Canada to South Africa, Brazil to China, windmills and solar panels are telling a story of change. In the United States, the landscape is collecting a kind of 21st-century raiment. Wind farms, solar farms, and just stray windmills and solar panels on roofs are signaling something big and different. When they were making “Tom Jones” in 1963, the very funny film based on the Henry Fielding classic, the big problem was finding English villages which dated from the…

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