Puppet MastersS


Oil Well

Oil price crash and what it could mean re: delays and uncertainty for LNG

LNG terminal
© Wikimedia CommonsLNG Terminal
The oil price crash triggered by the coronavirus crisis will likely have a secondary impact on liquefied natural gas (LNG) projects that were aiming for final investment decisions this year. But analysts see that short-term loss turning into a gain around mid-decade if natural gas demand in Asia continues to grow at the pace they've been predicting.

At the moment, Bloomberg reports:
"More than a dozen proposed LNG export projects from the U.S. to Mozambique are at risk of being delayed or scrapped as crude careened to levels that make most of them unprofitable. Even before crude's drop, developers were under pressure from a slump in global gas prices, milder winter temperatures, and demand restraints from the coronavirus."
S&P Global Platts analyst Jeff Moore wrote:
"With significant downward pressure on spot LNG prices and oil prices, it could be the double-whammy that really starts to make some projects seem uneconomic. If oil prices stay low for much of this year, I would imagine it could have a material impact on supply projects looking to reach [final investment decisions, or FIDs] this year."
But over the slightly longer haul, Bloomberg adds:
"If fewer of them come to fruition, that would ease a widening supply glut later this decade and potentially lift prices amid breakneck demand growth in Asia."
Before the crash, Bloomberg New Energy Finance had identified four projects likely to reach FID this year, and another 15 that might. It's now reassessing that timeline.

Jet2

GAO on US' F-35: Automatic logistics system is still crippled with hundreds of flaws - six years later!

F-35C Lightning IIs, F/A-18 E/F Super Hornets
© AP/Darin RussellF-35C Lightning IIs and F/A-18 E/F Super Hornets
Six years after problems were pointed out to designers, the F-35 jet's Autonomic Logistics Information System (ALIS) still has hundreds of flaws and needs to be redesigned, the Government Accountability Office (GAO) said in a report on Monday.
"After years of development and testing, the system does not work properly with inaccurate or missing data sometimes leading ALIS to ground flight-ready aircraft, among other problems. [The Department of Defence] knows the system needs to be re-designed."
The GAO noted that the F-35 fifth-generation jet is the Defence Department's most ambitious and costly weapon system and that it relies on its ALIS to manage missions and maintenance.

As of September 2019, there were still 4,700 deficiencies recorded in the system, the GAO said.

GAO said it recommended the Defence Department clearly identify the associated goals, risks and costs of re-designing measurement process for ALIS, which GAO also recommended in 2014, or determined how ALIS issues affect F-35 fleet readiness.

Rocket

Rockets strike Iraq's Besmayah base, currently hosting foreign troops

Iraqi soldier
© AFP/Ahmad al-RubayeIraqi soldier at the Besmaya Combat Training Center near Baghdad.
A pair of rockets hit a military base in Iraq overnight, the country's military said without mentioning any casualties. The Besmayah Range in central Iraq hosts a Spanish contingent.

This appears to be the latest in a series of harassing rocket attacks against sites in Iraq where NATO troops are stationed. One last week resulted in the deaths of two US troops and a British military medic at Camp Taji, triggering retaliatory airstrikes against Iraq's Shia militia forces.

The Besmayah base 45km southeast of Baghdad hosts around 350 of the 550 Spanish troops deployed in Iraq, with Camp Taji being the secondary base of Spanish operations.

The situation for foreign troops in Iraq escalated after the US assassination on Iraqi soil of a senior Iranian general and his Iraqi host. The national parliament voted to have NATO forces removed from the country, but the alliance doesn't seem to have any intention to comply.

Comment: See also:


Bullseye

Covid-19 can finally slash Britain's bloated overseas aid: The money should go to saving lives, not juggling lessons in Tanzania

british pounds
© Reuters / Leonhard Foeger
The MPs who are about to start investigating the effectiveness of the UK's £14 billion annual aid have the perfect reason to cut it; thanks to coronavirus, Britons are thinking of what's best for them.

As MPs on the newly-created House of Commons select committee on International Development roll up their sleeves before getting stuck in the nitty-gritty tomorrow, they have one thing on their side that might make efforts to slash the UK's aid budget more successful than in the past - the Covid-19 pandemic.

Because every time a newly-appointed minister has previously announced his or her intention to take stock of how the legally ring-fenced 0.7 percent of GDP is spent on overseas funding, there is a hardening of resistance from those that stand to benefit.

And there have been many ambitious, starry-eyed politicians to take on this role. From current incumbent Anne Travelyan, we have had eight secretaries of state for this department in the last 10 years, including Priti Patel, Rory Stewart, Andrew Mitchell, and Hilary Benn.

Arrow Up

Pentagon to drastically reduce size and scope of NATO's 'Defender Europe 2020' due to coronavirus threat

Pentagon war games
© AFP / Patrik Stollarz
The Pentagon has announced it will drastically reduce the "size and scope" of its participation in the NATO 'Defender Europe 2020' exercise, stopping just short of calling quits on the much-touted drill set to run until May.

Some 20,000 American soldiers, who were expected to form the backbone of the massive 37,000-strong drill involving forces from 18 NATO member states, will now either stay home or - for those already moved into Europe - return to the US.

"As of March 13, all movement of personnel and equipment from the United States to Europe has ceased," US Army Europe confirmed in a press release on Monday. "As we make the appropriate adjustments, the linked exercises to Exercise Defender-Europe 20 - Dynamic Front, Joint Warfighting Assessment, Saber Strike and Swift Response - will not be conducted."

Comment: A silver lining to the crisis, however thin?

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Attention

Joe Biden compares China to 'Jack the Ripper' during debate

Joe Biden
© GettyJoe Biden
During the Democratic debate, Joe Biden and Bernie Sanders had a heated exchange about how to deal with authoritarian governments. In the midst of the debate, Biden brought up a comparison between China and Jack the Ripper that was cut short. Now many on people want to know how he was going to finish his sentence.

Biden and Sanders were arguing about authoritarian governments. Sanders said that when one of those countries improves something, such as China decreasing poverty, it's OK to bring that up and praise that particular action while still condemning authoritarianism in general. Biden passionately disagreed with that, saying that you need to not be praising any aspect of authoritarian regimes.

In the midst of that, Biden said something about how praising China would be like praising Jack the Ripper. Sanders interrupted him, pointing out that he believed the statement was absurd, before Biden could finish his sentence.

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Bizarro Earth

Corona-madness; France 'declares war' on virus, goes into mandatory lockdown - Israel is not, for now - Trump says recession 'possible'

Macron
© REUTERS/Eric GaillardFrench President Emmanuel Macron addresses the nation about the coronavirus disease (COVID-19) outbreak, March 16, 2020.
All citizens have been ordered to stay home and will only be allowed out for "essential duties" such as trips to the grocery store or pharmacy, Macron told the nation on Monday.

The lockdown begins on Tuesday at noon. At the same time, France's borders with the rest of the Schengen area - much of the EU - will be closed as well, the president announced.

"We are at war," he repeated several times, noting that France's struggle is not against a nation or an army, but the "invisible enemy" of the Covid-19 virus, the rapidly spreading contagion rampaging through the EU.

Comment: See also:


Vader

Saudi Arabia detains almost 300 officials over 'corruption' amid royal power struggle

Crown Prince Mohammed bin Salman
© Saudi Royal Palace/AFP via GettyCrown Prince Mohammed bin Salman, left, pictured in 2016 with Prince Mohammed bin Nayef, who was detained this month
Authorities of the Kingdom of Saudi Arabia detained 298 public officials in a new alleged "anti-corruption push" amid reports that the Saudi Crown Prince Mohammad bin Salman is seeking to get rid of potential rivals to the Saudi Wahhabi throne.

A Saudi "anti-corruption body" known as Nazaha announced on Sunday that it had arrested 298 government officials for crimes such as "bribery, embezzlement and abuse of power" involving a total of 379 million riyals ($101 million), PressTV reported.

Among the detained officials, eight defense minister officers are suspected of money laundering in relation to government contracts during the years 2005-2015. Two judges are also amongst the list for allegedly receiving bribes. Another 29 interior ministry officials in the Eastern Province have also been detained, including three colonels, a major general and a brigadier general.

Briefcase

Best of the Web: DOJ drops charges against 'Russian trolls' after they dared demand evidence in US court

mueller report
© REUTERS/Jonathan Ernst
The US is dropping the much-hyped indictment for 'election meddling' against a company supposedly behind the so-called Russian troll farm, closing the opening chapter of special counsel Robert Mueller's Russiagate investigation.

Further pursuing the case against Concord Management & Consulting LLC, "promotes neither the interests of justice nor the nation's security," the Department of Justice wrote to the federal judge overseeing the case on Monday, in a motion to drop the charges.

DOJ lawyers cited "recent events and a change in the balance of the government's proof due to a classification determination," saying only that they submitted further details in a classified addendum.

USA

'We the zombies' - How the US police state will deal with the coronavirus outbreak

"Fear is a primitive impulse, brainless as hunger, and because the aim of horror fiction is the production of the deepest kinds of fears, the genre tends to reinforce some remarkably uncivilized ideas about self-protection. In the current crop of zombie stories, the prevailing value for the beleaguered survivors is a sort of siege mentality, a vigilance so constant and unremitting that it's indistinguishable from the purest paranoia." — Terrence Rafferty, New York Times
Zombies
© Zombie Wikia
What do zombies have to do with the U.S. government's plans for dealing with a coronavirus outbreak?

Read on, and I'll tell you.

The zombie narrative was popularized by the hit television series The Walking Dead, in which a small group of Americans attempt to survive in a zombie-ridden, post-apocalyptic world where they're not only fighting off flesh-eating ghouls but cannibalistic humans.

For a while there, zombies could be found lurking around every corner: wreaking havoc at gun shows, battling corsets in movies such as Pride and Prejudice and Zombies, and running for their lives in 5K charity races.

Understandably, zombie fiction plays to our fears and paranoia, while allowing us to "envision how we and our own would thrive if everything went to hell and we lost all our societal supports." Yet as journalist Syreeta McFadden points out, while dystopian stories used to reflect our anxieties, now they reflect our reality, mirroring how we as a nation view the world around us, how we as citizens view each other, and most of all how our government views us.

Indeed, the U.S. government has spent a lot of time and energy in recent years using zombies as the models for a variety of crisis scenarios not too dissimilar from what we are currently experiencing.

For instance, back in 2015, the Centers for Disease Control and Prevention put together a zombie apocalypse preparation kit "that details everything you would need to have on hand in the event the living dead showed up at your front door." The CDC, in conjunction with the Dept. of Defense, even used zombies to put government agents through their paces in mock military drills.

Fear the Walking Dead — AMC's spinoff of its popular Walking Dead series — drove this point home by dialing back the clock to when the zombie outbreak first appears and setting viewers down in the midst of societal unrest not unlike our own experiences of recent years ("a bunch of weird incidents, police protests, riots, and ... rapid social entropy"). Then, as Forbes reports, "the military showed up and we fast-forwarded into an ad hoc police state with no glimpse at what was happening in the world around our main cast of hapless survivors."

Forbes found Fear's quick shift into a police state to be far-fetched, but anyone who has been paying attention in recent years knows that the groundwork was laid long ago for the government — i.e., the military — to intervene and lock down the nation in the event of a national disaster.

We're seeing this play out now as the coronavirus contagion spreads.