A Looming Oil Price Super Cycle Will Likely Be The Last this post authored by RABAH AREZKI AND PER MAGNUS NYSVEEN
After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. A new oil price super-cycle - an extended period during which prices exceed their long-term trend - seems to be in the making, driven by
pervasive supply shortages from the lack of investment that has continued since the 2014 collapse in oil prices and, more recently, reduced investment in shale oil production; and
demand growth triggered by a strong recovery in countries such as China, a big stimulus package in United States, and global optimism about vaccines.
Oni K. Blair will begin as the next executive director of The ACLU of Texas on June 21, as the first black woman to lead the 83-year-old civil rights organization.
COVID-19 has brutally exposed the hollowness of India’s pretensions to power, status and influence and boasts of being a vaccine superpower and pharmacy to the world.
Acknowledge Nigeria is a failed country, ex-American Ambassador advises US The Punch
Published 2 June 2021
A former United States Ambassador to Nigeria, John Campbell, and a former Director with Harvard University’s Kennedy School of Government, Prof. Robert Rotberg, have said it is time for the US to acknowledge that Nigeria is a failed state in the light of the many challenges plaguing the country.
Campbell and Rotberg said this in an article titled, ‘The Giant of Africa is Failing’ which was published in the May/June edition of ‘Foreign Affairs’ magazine.
They argued that every part of Nigeria now faces insecurity which threatens the nation’s corporate existence.
Minister of Information and Culture, Lai Mohammed, says non-state actors cannot overwhelm the Federal Government.
The emergence of non-state actors has been undeniable in Southern Nigeria. Prominent amongst these actors include Yoruba rights activist, Sunday Adeyemo, also known as Sunday Igboho; former militant in the Niger Delta region, Mujahid Asari-Dokubo; leader of Indigenous People of Biafra, Nnamdi Kanu, amongst others. Some of the non-state actors have cited injustice, insecurity, amongst other reasons for their agitations.
But speaking in an interview on Thursday, the minister said the government and its security agencies are not overwhelmed by the non-state actors.
“Yes, the non-state actors may be rampaging in some parts of the country, they have not and cannot overwhelm this government,’’ he said, according to the News Agency of Nigeria.