Thursday, April 25

Month: February 2018

U.S. Oil Production Surges as OPEC, Russia Plan Reductions
28Feb By Patti MohrNo Comments
Energy Policy, Oil & Gas, Types of News: Brief

U.S. Oil Production Surges as OPEC, Russia Plan Reductions

February 28, 2018--U.S. oil production rose to its highest level since 1970 last November, as the U.S. shale oil production continued to boom. The historic increase contrasted sharply with OPEC and Russian oil production, which is holding steady but expected to decease output to increase prices. U.S. production peaked at 10.057 million barrels a day in November and is expected to average 10.6 million barrels a day in 2018, according to a monthly review by the U.S. Energy Information Administration (EIA). That's roughly on par with oil production in Saudi Arabia and Russia. It is noteworthy considering that other oil-producing countries are planning reductions to try to boost prices. According to The Economist, Saudi Arabia needs oil prices to reach $70-80 a barrel to maintain a steady e...
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Russia Spends Millions to Interfere in U.S. Politics, DOJ Says
21Feb By Patti MohrNo Comments
Democracy, Types of News: Brief, United States

Russia Spends Millions to Interfere in U.S. Politics, DOJ Says

February 21-The U.S. Justice Department filed an indictment on Feb. 16 against 13 Russian nationals and three Russian companies for conducting an "information warfare against the United States." The indictment comes as a result of an ongoing Special Counsel investigation led by Robert Mueller. None of the individuals or companies charged are currently in the United States and are unlikely to be extradited from Russia for trial. The 37-page indictment is significant in that it may indicate the methods in which Russian intelligence officers use tools of democracy against its rivals. It also begins to establish some clarity about Russia's activities in the U.S. political system after more than a year of widespread speculation on the issue, focused mainly on possible collusion with th...
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Government Regulators Raise Alarms on Virtual Currencies
18Feb By Patti MohrNo Comments
Big Tech, Digital Economy, Cryptocurrency, Types of News: Brief

Government Regulators Raise Alarms on Virtual Currencies

As virtual currencies like Bitcoin, Ethereum and Ripple rise in use and value, government regulators around the world are paying closer attention, issuing consumer warnings, and are looking for ways to regulate them. The international nature of virtual currencies, also called cryptocurrencies, allows them to operate outside the reach of national governments. But increasingly, regulators are considering ways to oversee the exchanges or, in some cases, ban them. The Rise and the Risk Cryptocurrencies are gaining in popularity and in dollar terms. The combined value of cryptocurrencies reached $800 billion earlier this year before falling down to $433 billion. In the past five years, Bitcoin's value alone rose from $5 billion in 2013 to $115 billion in 2018. Observers say the wild flu...
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A Tale of Two Koreas: Part I
6Feb By Patti MohrNo Comments
Communism, Dictatorship, Diplomacy, Global Economics, Global Trade, Types of News: Infographic

A Tale of Two Koreas: Part I

February 18, 2018--In a symbol of historic and familial ties, athletes from both North Korea and South Korea will march together in the Winter Olympics Opening Ceremonies in Pyeongchang, South Korea. The show of unity masks the extreme differences between the two countries. The two Koreas could not be more different in their national priorities, economies and quality of life. On the one side of the border, in South Korea, the quality of life is quite strong. The vast majority of the population has access to the best technologies and mobile communications. The economy is the 11th largest in the world, and trade with the rest of the world approaches $1 trillion. In contrast, in North Korea, the economy is one of the weakest and most isolated in the world. Trade in goods with the rest of ...
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