BUENOS AIRES, Argentina — It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s newly empowered President Javier Milei presented figures to lay bare the scope of the nation’s economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts.
In first speech, Argentina’s Javier Milei warns nation of painful economic shock
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With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum
ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements
With an annual total capital expenditure and exploration expense projection ranging between US$23 billion to US$25 billion, ExxonMobil is set to allocate US$22-$27 billion annually toward project spending until 2027. This includes a commitment to emerging ventures in lithium and low-carbon initiatives, with an 18% increase in spending in these areas.
Emphasizing its dedication to the energy transition, ExxonMobil’s Low Carbon Solutions division is expected to witness an increase in budget from US$17 billion to US$20 billion between 2022 and 2027, contingent upon government support.
The company plans to ramp up annual share buybacks to $20 billion by 2025, an increase from the current US$17.5 billion, following the completion of the Pioneer merger. Additionally, ExxonMobil continues its divestment strategy for refining operations.
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The Biden administration may not be able to take full advantage of the recent drop in oil prices as it seeks to refill its depleted crude oil reserve, the Energy Department’s No. 2 official said Monday.
US Strategic Oil Reserve Refill Is Limited Despite Low Prices
Growing US Military Presence in Brazil
To this end, the United States faces a series of obstacles in our continent. The most important immediate obstacle is Venezuela, clearly counter-hegemonic, bent on building important geopolitical bridges with Russia, China and Iran, and now focused on beginning to resolve the problem of the Guyanas.
Caracas, December 4, 2023 (venezuelanalysis.com) – Venezuelans voted to support the country’s sovereignty claim over the Essequibo Strip in a non-binding referendum on Sunday.
Venezuela: Referendum Delivers Overwhelming Backing for Essequibo Claim
An air of bonanza has raised the projections of the Exxon Mobil corporation, which accumulated around 414 billion dollars in 2022, an unprecedented income in its history, which represents 44.8% more than the previous year. It is a gigantic increase if compared to its crisis in 2020, when its losses put its place in the stock market in jeopardy. Also from the research of that American corporation, it is said that Guyana could become “the country that produces the most barrels of oil per inhabitant in the world, surpassing Kuwait, in that case, when measuring the wealth per capita of its 800 thousand inhabitants, it would become a rich country, since in 2021 its GDP increased by 57.8% and in 2022 by 37.2%”.
Guayana Esequiba: Geo-economics of an Occupation
The Biden administration needs an Israeli victory in Gaza in order to undermine BRICS and other economic integration initiatives led by Russia and China, veteran geopolitical analyst Pepe Escobar told the New Rules podcast.
Pepe Escobar: US Needs Gaza War to Destabilize BRICS, Greater Eurasia
During a state visit to the People’s Republic of China in September 2023, Venezuelan president, Nicolas Maduro met president Xi Jinping and both agreed to strengthen the relationship of their countries by establishing seven sub commissions to elevate it to the level of ‘all-weather strategic partnership’. This is the culmination of a relationship that began with president Hugo Chavez’s first visit to Beijing in 1999, the very first year of his presidency.
On the strategic relationship between Venezuela and China
Officials boast that Washington and NATO’s foothold has opened up much-desired energy opportunities.
The Ukraine war has been a ‘great bargain’ for US in the Black Sea
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As China Looks to Broker Gaza Peace, Antisemitism Surges Online
Shen Yi, a prominent professor of international relations at Fudan University, likened Israel’s attacks to acts of aggression perpetrated by Nazis. Among the comments on recent posts from the official social media account of Israel’s embassy in China were similar comparisons of Israelis to Nazis.
Previous video: Lies written in ink can never conceal the truth written in blood
Leaked: Israeli plan to ethnically cleanse Gaza
The document, issued on 13 October, identifies a plan to transfer all residents of the Gaza Strip to North Sinai as the preferred option among three alternatives regarding the future of the Palestinians in Gaza at the end of the current war between Israel and the Hamas-led Palestinian resistance
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