Diesel Crisis Deepens As Inventories Fall To Dangerous Levels
Yet right now, U.S. buyers are snapping up diesel cargos from Europe in a way similar to how Europe has been snapping up LNG cargos originally meant for Asian destinations. And supply is not going up fast enough because there is not enough refining capacity for it to go up fast enough or even meaningfully enough. And this spells a lot more trouble for both Europe and the U.S., especially in the inflation department.
US legislation that could open members of oil producing group OPEC+ to antitrust lawsuits has emerged as a possible tool to tackle high fuel prices, after the body said it would slash production despite lobbying by the Biden administration.
What is NOPEC, the US bill to pressure OPEC+?
The IMF released a report today on the Bolivian economy in which it recommends adopting drastic neoliberal measures, including; reducing workers’ salaries, cutting public investments, and ending currency controls. These policies have turned Bolivia from one of the poorest countries in the region into it’s fastest-growing economy.
IMF Tells Bolivia To Drop Its Successful Economic Model
International Monetary Fund (IMF) last Thursday announced that a preliminary staff-level agreement with the Sri Lankan government had been reached for a four-year arrangement to provide a $US2.9 billion loan facility, subject to the approval of the IMF the executive board.
IMF announces preliminary bailout loan agreement with Sri Lanka
Rahul Gandhi – The Most Establishment Populist
This ambitious attempt to reconnect with the masses fails to take into account what Gandhi himself acknowledged in London: that the INC was central to building the structures that it now claims have been captured by the BJP and RSS. Gandhi also ignores that the INC [Indian National Congress] itself was central to corrupting these structures.
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Banerjee’s criticism gets to the heart of the problem that Gandhi faces with the Bharat Jodo Yatra. Looking to the people of India for support to oppose the BJP makes sense, it will indeed take a large supporter base to remove the BJP and release its grip from the tools of power. The INC and Gandhi, however, cannot expect to build such a support base on an anti-corruption and anti-state capture march. As Gandhi himself acknowledged, the INC was central to putting in place the structures of independent India. What he fails to recognize, or acknowledge, is that the INC also has its own very real and recent history of exploiting these very same structures, whether to suspend the rule of law and hold on to power or simply to extract wealth while in power. In the multiparty contest to dethrone Modi, the INC cannot easily pivot from embodying the Indian state itself to campaigning on a populist charge to oppose the deep state.
Related:
India’s main opposition protests rising prices, lack of jobs
BY ASSOCIATED PRESS
NEW DELHI (AP) — Thousands of Indians rallied on Sunday under key opposition Congress party leader Rahul Gandhi, who made a scathing attack on Prime Minister Narendra Modi’s government over soaring unemployment and rising food and fuel prices in the country.
Notes for Self:
Read More »by Brian Berletic
The island nation of Sri Lanka, located south-southeast of India in the Indian Ocean has suffered economic and now political chaos that has grabbed international headlines.
Debt Traps & Terrorism: The Roots of Sri Lanka’s Crisis
Previously:
Sri Lanka ‘Uprising’ Is Not What You Think. Sri Lankan Activist Explains The Politics
Against a backdrop of deteriorating living conditions, electricity shortages, rising fuel and bread prices, popular unrest has returned to the streets of Libyan cities since July 1 which, with the inaction of security forces, has degenerated into disorderly acts by angry crowds, accompanied by vandalism, arson and looting. Hundreds of protesters stormed the parliament building in the eastern Libyan city of Tobruk, setting fire to official documents, offices and reception halls, according to the Libya News Agency. According to Alwasat TV, the protesters demanded the dissolution of parliament and the transfer of all electoral powers to the country’s supreme state council.
US Funds New Protests in Libya
Related:
Today marks 15 days since the beginning of the demonstrations against the neoliberal government of Guillermo Lasso. During that time over 15,000 indigenous people and representatives of social movements have joined the protests to demand urgent actions to stop the collapse of the living conditions of the poorest and the entire working class. However, the response has been violence and police repression, which has already caused six deaths, hundreds of wounded, and over 200 imprisonments.
Ecuador: Lasso’s Masquerade vs. People’s Real Demands
Related:
Ecuador’s Lasso survives impeachment vote, halts protest talks
On Tuesday, an estimated 10,000 Indigenous people took to the streets of Quito.
Indigenous protester dies in Ecuador as violence increases
Video via Peoples Dispatch
Ms. Cat’s Chronicles 
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