Strongest ‘hints’ yet of life detected on distant planet

Strongest ‘hints’ yet of life detected on distant planet

Astronomers announced Thursday that they had detected the most promising “hints” of potential life on a planet beyond our solar system, though other scientists expressed scepticism. There has been vigorous debate in scientific circles about whether the planet K2-18b, which is 124 light years away in the Leo constellation, could be an ocean world capable […]

The post Strongest ‘hints’ yet of life detected on distant planet appeared first on Insider Paper.

Russia Targets Major Surge In Natural Gas Exports By 2050

Russia Targets Major Surge In Natural Gas Exports By 2050

Russia Targets Major Surge In Natural Gas Exports By 2050

Authored by Charles Kennedy via ilPrice.com,

Russia plans to double its natural gas exports by 2030 and triple them by 2050.

The strategy focuses on expanding exports to “friendly countries” and developing Arctic energy resources.

Russia faces economic risks due to global market volatility and Western sanctions.

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday.

Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050.

Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 million bpd, by 2050.

However, oil exports are expected to remain flat throughout 2050, at around 235 million tons per year, or about 4.7 million bpd.

The new strategy, whose update was ordered by Vladimir Putin, includes measures to accelerate the development of oil and gas processing, expand the regional gas infrastructure development program, and ensure sufficient petroleum product supply on the domestic market at affordable prices.

Under the strategy, Russia will also continue to redirect oil and gas exports “to new markets in friendly countries,” to which Moscow has been exporting since the invasion of Ukraine and the Western embargoes and sanctions imposed in 2022.

Russia also aims to boost oil transshipment capacity in its Arctic and Far Eastern ports and actively utilize the Northern Sea Route’s potential—these are key to delivering oil and LNG from its Arctic projects to markets in Asia.

While updating its long-term energy strategy, Russia faces lower oil and gas revenues in the short term.

For Russia, the oil market meltdown in recent days could pose risks to the economy, Russia’s Central Bank Governor Elvira Nabiullina said last week.

“If the escalation of the tariff wars continues, this usually leads to a decline in global trade and the global economy and, possibly, demand for our energy resources. Therefore, there are risks here,” Nabiullina was quoted as saying by Russia’s TASS news agency.

Tyler Durden
Thu, 04/17/2025 – 06:30…

The Biggest Mistake I’ve Made In My Life

The Biggest Mistake I've Made In My Life

 


Originally posted at MenNeedToBeHeard YouTube Channel


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Trump Confronts Economic And Geopolitical Reality

Trump Confronts Economic And Geopolitical Reality

Trump Confronts Economic And Geopolitical Reality

Authored by Edward Ring via American Greatness,

By the time this is published, everything may have changed, and that is to be expected. Throughout his career, well before and since becoming a politician, Trump has explicitly stated that he does not think it is always a good strategy to be predictable. And while markets love predictability, sometimes markets, and the systems propping them up, need disruption. This is such a moment.

Nobody should deny that the anxiety is genuine. An older friend of mine, well into his 70s, still working but ready to retire, is wondering how he and his wife will survive if their savings are wiped out. That’s true for all of us, but it begs the question: What if the painful restructuring we may be about to endure, and which may last for many years, is necessary to avoid an even worse fate?

Trump’s abrupt escalation of import tariffs goes well beyond violating the principles of comparative advantage, but we can start there. “Comparative advantage” is not all it’s cracked up to be. Repeated in business schools as if it were gospel since the 1980s, it goes something like this: “Wool is cheaper in Scotland, and wine is cheaper in France, so France should sell their wine to Scotland, and Scotland should sell their wool to France.” Everybody wins. Period. That’s the extent of it. That is the essence of free trade theory.

In the real world, though, policies that rely on “comparative advantage” doctrine as their moral justification have gotten pretty ugly. While overall economic growth may be maximized when every nation exports products that it produces most cost-effectively, the local impacts are not always benign. Nations that produce coffee at competitive global prices, for example, end up with valuable cropland converted from food production to coffee plantations. These coffee plantations are typically owned by multinational corporations that repatriate profits to low-tax nations elsewhere while buying off a small local elite that streamlines the regulatory environment. Meanwhile, the nation becomes dependent on imports for everything except coffee, and even the coffee ends up priced out of reach for the average citizen. Replace “coffee” with any specialty product, and all too often, the “gains of trade” translate on the ground into nations with seething, destitute populations dependent on accumulating debt and foreign aid.

These examples aren’t restricted to foreign nations, nor are they restricted to commodities. While American multinationals moved manufacturing overseas, in the process destroying millions of jobs and thousands of communities in America, it wasn’t just cheap wool, cheap wine, and dirt-cheap flat-screen TVs that were pouring into the country in exchange. We offshored our production of steel, our chip manufacturers, our pharmaceutical industry, and much more.

And even that devastation was tolerated for decades because its effects were mostly felt in what we now call rust belt states. Our service economy and tech sectors boomed, along with what was left of manufacturing, satiating a majority of the population that loved buying cheaper foreign imports. But…

Webb spots strongest ‘hints’ yet of life on distant planet

Webb spots strongest ‘hints’ yet of life on distant planet

Astronomers announced Thursday that they had detected the most promising “hints” of potential life on a planet beyond our solar system, though other scientists expressed scepticism. There has been vigorous debate in scientific circles about whether the planet K2-18b, which is 124 light years away in the Leo constellation, could be an ocean world capable […]

The post Webb spots strongest ‘hints’ yet of life on distant planet appeared first on Insider Paper.

Made In China Vs Made In America

Made In China Vs Made In America

Made In China Vs Made In America

While China’s status as the world’s largest manufacturing hub seems to be a law of nature these days – one only challenged by President Trump – that hasn’t always been the case. 

In fact, as Statista’s Felix Richter shows in the chart below, as recently as 2009, the U.S. trumped China in manufacturing output as measured by total value added in the sector.

 

You will find more infographics at Statista

China’s manufacturing output climbed from roughly $134 billion in 1980 to roughly $4.8 trillion in 2023. 

During that time, China’s share of global manufacturing output climbed from 5 percent to around 30 percent, while former manufacturing leader the United States saw its share drop from 21 to 17 percent. 

In 2001, the U.S. share of global manufacturing peaked at 28 percent, but China’s accession to the WTO in 2001, which opened the country up to the world economy, quickly changed the balance of power.

Tyler Durden
Wed, 04/16/2025 – 18:00…