Economy
China’s Oil Sale Is A Clear Message To OPEC+ – Oilprice.com
China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move that Bloomberg called “an unprecedented intervention.”
Indeed, this was the first time China announced the sale of oil from its strategic reserve. The size of this reserve is unknown as the government never releases that data, but analysts have been using satellite imaging to estimate just how much oil China has in storage.
SoftBank makes first direct investment in Saudi company – Reuters
SoftBank has made its first direct investment in Saudi Arabia, co-leading with a government-owned fund a $125 million financing rounding in communications company Unifonic, the start-up said.
Crypto faces the regulators – Axios
Fittingly for a day in which Securities and Exchange Commission chair Gary Gensler pulled no punches in his congressional testimony, the main theme running through the Blockworks crypto conference on Tuesday was undoubtedly regulation.
Protein and Transpacific Power – Fortis Analysis Substack
Overlooked in much of the mainstream analysis of Ida’s impact, however, is the critical role southern Louisiana plays in the United States’ agriculture industry. The various terminals (Image 3) in the lower Mississippi River (the 250-mile stretch of river from Baton Rouge to the Gulf of Mexico) are responsible for some 59% of US corn exports and 60% of US soybean exports, as of 2020.
Environment
The World Bank says climate change could displace more than 200 million people – Quartz
Climate change impacts are projected to displace 216 million people in developing regions by 2050, according to a new report from the World Bank.
Driven primarily by sea level rise and water scarcity, people will relocate within their own countries to cities and towns with more reliable access to natural resources and economic opportunity, the report finds.
Health
COVID Delta Variant May Become Completely Resistant To Vaccines Says Japanese Study – Great Game India
A group of Japanese researchers released research (read below) showing that the SARS-CoV-2 Delta variant “is poised to acquire complete resistance” to existing COVID-19 jabs.
When four common mutations were introduced to the Delta variant, Pfizer’s mRNA injection enhanced its infectivity, causing it to become resistant.
A Delta variant with three mutations has already emerged, which suggests it’s only a matter of time before a fourth mutation develops, at which point complete resistance to Pfizer’s jab may be imminent.
The post Daily Digest 9/15 — China’s Oil Sale Is a Clear Message to OPEC+; Crypto Faces the Regulators… appeared first on Peak Prosperity.
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