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The Atlantic waters off Guyana have become one of the world’s hottest oil-drilling zones. Now, international oil executives are looking at neighboring Suriname.Exxon Mobil, Royal Dutch Shell, Total, Apache and several other companies are gearing up operations off Suriname’s coast. They hope that the South American country, which recently emerged from decades of authoritarian and corrupt governments, will be the next great oil source.But the world has more than enough oil, and prices for petroleum products are relatively low. In addition, investor interest in oil companies is waning as concerns about climate change give momentum to electric vehicles and renewable energy.Those concerns are not hampering interest in Suriname. Oil companies say they can make money there with oil prices as low as $30 to $40 a barrel because of lower costs. That is roughly equivalent to the threshold in Guyana and well below oil's current price. It is also below break-even levels in many places, … [Read more...] about This small country in South America could be the next big oil find

He further hinted that other macroeconomic indices show that the nation also witnessed a decline in Foreign portfolio investment, FPI, Foreign Direct Investment, FDI, Diaspora remittances, while ending the year as the largest economy in Africa ($443bn), and 26th globally according to the International Monetary Fund, IMF rating. … [Read more...] about Government policies threaten Nigeria’s 2021 economy recovery – Oyedele

Google’s parent company Alphabet is shutting down Loon, a high-profile subsidiary spun out from its research labs that used hot-air balloons to deliver cellular connectivity from the stratosphere.Nearly a decade after it began the project, Alphabet said Thursday that it pulled the plug on Loon because it did not see a way to reduce costs to create a sustainable business. Along with the self-driving car unit Waymo, Loon was one of the most hyped “moonshot” technology projects to emerge from Alphabet’s research lab, X.“The road to commercial viability has proven much longer and riskier than hoped. So we’ve made the difficult decision to close down Loon,” Astro Teller, who heads X, wrote in a blog post. Alphabet said it expected to wind down operations in “the coming months” with the hope of finding other positions for Loon employees at Alphabet.The idea behind Loon was to bring cellular connectivity to remote parts of the world where … [Read more...] about Google’s hot-air balloon project, providing cell service, is closing down

The US Department of State recently released a ‘Fact Sheet: Activity at the Wuhan Institute of Virology’. Within the fact sheet, the US government has made some startling revelations. As per the facts sheet the Chinese Communist Party (CCP) for months had deliberately stalled any attempts as a thorough investigation of the COVID-19 virus. The fact sheet added that instead of trying to discover the origins of the virus, the CCP has devoted enormous resources to ‘deceit and disinformation’. As per the fact sheet, the CCP’s obsession with secrecy has come at the expense of the health and safety of the people around the world. … [Read more...] about The catastrophe of the century and China’s grand cover-up of COVID-19 pandemic

To get the boost in drive that autonomy provides, you need the freedom to control your sleep, work, and exercise schedule. You also need the autonomy to chase flow via an activity of your own choosing on a regular basis. Ideally, your work time will be devoted to activities that further your purpose, and the flow-producing activity is similar to surfing—meaning it’s actually a break from work. If this isn’t possible in your life today, start with the 3M plan: Devote 15% of your time to a project that aligns with your core passion and purpose. Fifteen percent is about an afternoon a week, though you can easily split this into a pair of two-and-a-half-hour blocks and get similar results. … [Read more...] about Why a free afternoon each week can boost employees’ sense of autonomy