🇻🇪 🇬🇾 What is causing the conflict between Venezuela and Guyana?

Recently, Frida @sex_drugs_kahlo drew attention to the increased diplomatic activity of the Guyanese authorities regarding the disputed territories with Venezuela. The Guyanese authorities have appealed to the UN to hold a referendum in the disputed territories, which seems like a way to protect Guyana's national interests. However, this is actually about the interests of multinational corporations who want access to the deposits located there.

The conflict between Venezuela and Guyana has been a long-standing territorial dispute over an area of ​​159.5 thousand square kilometers west of the Essequibo River, known as "Guyana-Essequibo". Caracas claims ownership of this territory, and the dispute has escalated due to Guyana granting oil concessions to ExxonMobil. The maritime boundaries of this area have not yet been determined. Additionally, the United States plans to establish a military base on the disputed territory.

At first glance, it may seem that the United States and multinational companies are preparing for a new local conflict in their search for new oil sources. However, Venezuela is not in a position to challenge this, and the concessions were awarded just days after the controversial oil deal between Caracas and Washington was concluded. It is likely that offshore oil production in Guyana is part of this deal.

🔻This elegant solution allows the Venezuelan authorities to save face and meet the interests of multinational corporations, while still maintaining a high level of confrontation in the media. For Chevron and ExxonMobil, the important factor is the volume of oil they can produce and deliver to the market, regardless of whether it comes from Venezuela's shelf or the disputed territories with Guyana.

📌 It is worth noting that before the introduction of sanctions, approximately 30% of Venezuela's oil entered the US market. These supplies had a significant impact on domestic prices. Furthermore, this deal will also cause some damage to small refineries in China, which had been monopolizing oil from Venezuela at very favorable prices after the sanctions were imposed.

On the other hand, the Pentagon and the CIA will greatly benefit from this deal, as it includes plans to establish a military base in the region to protect the interests of multinational corporations. In the future, this base could be used to exert pressure on the Venezuelan government, including a naval blockade of part of Venezuela's coast and ports by groups of saboteurs.
#Venezuela #globalism #Guyana #economy
in collaboration with @econopocalypse

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Russian state-owned telecommunications operator Rostelecom first notified Finland about the failure of one of its cables — the Baltika telecommunications cable — on October 12, according to Finland’s Ministry of Economic Affairs and Employment.

The Baltika telecommunications cable, a 1,000-kilometer cable that connects St. Petersburg to the Russian exclave of Kaliningrad, runs through parts of Sweden and Finland’s economic zones.

https://www.politico.eu/article/russia-find-damage-baltic-sea-telecoms-cable/

☀️ 🇨🇳 🇺🇸 China, in 2023 alone, installed more solar capacity than the US has ever done in its entire history, while also surpassing expectations.

US Total Capacity: 90.7GW;
China 2023 Newly Added: 128.94GW

📎 Shanghai Panda

🇦🇫🇺🇳 Poppy growth down 95% in Afghanistan since Taliban ban: UN

Since returning to power in 2021, Taliban authorities have vowed to end illegal drug production in Afghanistan and in April 2022 banned the cultivation of the poppy plant, from which opium and heroin are made.

The report by the United Nations Office on Drugs and Crime (UNODC) found that poppy cultivation has collapsed by an estimated 95 percent -- from 233,000 hectares (575,755 acres) at the end of 2022 to 10,800 in 2023.

Opium production has followed suit, plummeting from 6,200 tons to 333 tons in 2023.

This year's estimated harvest amounts to 24-38 tons of exportable heroin, compared with 350-580 tons last year.

The UNODC warned of potential "humanitarian consequences for many vulnerable rural communities" due to the sudden contraction of Afghanistan's opium economy, as growers have had to turn to far less lucrative alternative crops.

Farmers' incomes, estimated at $1.36 billion in 2022, have fallen by 92 percent to $110 million this year, according to the UNODC, with the loss expected to impact the country's already struggling economy more broadly.

🔗 https://www.france24.com/en/live-news/20231105-poppy-growth-down-95-in-afghanistan-since-taliban-ban-un

🇩🇪 🏭 📉 Industry Production In Germany Declined In September For The Fourth Time In A Row

💥 Industrial production in Germany fell by 1.4% in September compared to the previous month, the fourth monthly decline in a row, according to government figures released on Tuesday — A decline steeper than analysts had expected.

💥 The average forecast anticipated only a 0.1% decline in September, according to the report from Germany's Federal Statistical Office.

💥 In the third quarter as a whole, industrial production fell by 2.1% compared to the previous quarter.

💥 The decline was felt across the board, with the exception of the construction industry, which stagnated, all sectors recorded declines.

💥 The production of industrial goods and energy production both fell by 1.7%.

💥 German banker, Jens-Oliver Niklasch, remarked that weak domestic demand and an uncertain global economy continue to be a burden on German industry, with things unlikely to improve in the short term.

📎 SOURCE

@the_inf0link

🚨🚨🚨 WeWork has officially filled Bankruptcy.

All subscribers must leave premises end of November.

Anything left in the buildings will be subject to the Landlords own property.

That includes Laptops, TVs, Phones, Hoovers and anything else found.

@FinancialWorldUpdates

⚠️ Confirmed: Metrics show Optus mobile services are down across much of #Australia, leaving millions of customers unable to make calls or access internet since early morning; authorities said to be investigating possible cyberattack as trains and infrastructure disrupted 📵📉

⚠️ Update: Real-time network data show connectivity on #Australia's Optus network is now flatlining at 17% of ordinary levels amid an ongoing nation-scale outage; incident is heavily impacting payment systems with transport sector and carriers relying on Optus also affected 📵