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New York Times (October 24)

2023/ 10/ 24 by jd in Global News

“To oil analysts and investors, Chevron’s $53 billion takeover of Hess confirmed that there’s a new cycle of consolidation in the industry, coming less than two weeks after Exxon Mobil’s $59.5 billion bid for Pioneer Natural Resources.” In spite of “pressure from climate-minded policymakers, investors and activists to embrace greener energy,” the majors are “instead focusing on getting bigger. That could create a larger gap in the industry between those who have the firepower and freedom to buy rivals, and those who, because of politics or finances, do not.”

 

New York Times (August 5)

2019/ 08/ 07 by jd in Global News

“North Korea had launched its third barrage of short-range missiles in just over a week, parading its growing ability to strike its neighbors with devastating firepower. But instead of banding together against a common adversary last week, the two American allies in the path of the missiles—Japan and South Korea—were locked in their own bitter battle, whose roots stretch back over 100 years.”

 

Chicago Tribune (December 26)

2018/ 12/ 26 by jd in Global News

“China is both a customer of the United States and a competitor. Friend but possibly foe. The relationship is complex and unresolved…. It may be China’s destiny to match the United States in wealth and firepower. Those are not reasons to fear China. They are reasons to engage the country today as a partner and challenge Chinese intentions when they appear threatening.”

 

The Economist (November 21)

2012/ 11/ 23 by jd in Global News

“Who Won?” is the question being asked now that the ceasefire between Israel and Hamas is in place. The answer depends on who is being asked. “Basically, the Israelis are saying they hit Hamas hard in their round-the-clock bombing assault and thus enhanced their deterrent power which was their stated objective at the outset of these eight days of bombardment. Hamas, for its part, says that despite the vast disparity in firepower, it is still up and running—and still firing rockets into Israel—which makes it the winner at least on points.”

 

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