climate destabilization

Yes, 'peak oil'—but demand, not supply

After oil prices went negative for the first time ever last month, they are now starting to rise again as lockdowns imposed by the COVID-19 pandemic are gradually lifted. US crude is now back to nearly $30 a barrel. But this is less than half what the price was a year ago, and a third what it was a dozen years ago. Iraq, OPEC's second-largest producer, is at the forefront of the cartel's effort to squeeze supply to consumer nations, as part of its recent deal to curb output. Baghdad just announced a 30% cut of exports to Asia. But it remains to be seen if such measures will jack up prices and ease the economic pain that has led to a remobilization of anti-regime protests, despite pandemic fears. (Reuters, Bloomberg, Al Jazeera)

COVID-19: Amazon indigenous groups fear the worst

Indigenous leaders are warning that a combination of neglect, inadequate preparations, and a lack of lockdown measures is exposing remote and vulnerable communities in the Amazon to potentially devastating outbreaks of COVID-19. The nationwide death toll in Brazil has soared above 11,000 amid growing anger at President Jair Bolsonaro's dismissive response. The situation is particularly bad in the Amazon gateway city of Manaus, where the number of fatalities is feared to be many times the official 500 to 600. Peru and Ecuador also have large outbreaks and significant Amazonian indigenous populations.

Politicians exploit COVID-19 in Peru, Bolivia

Peru's right-wing opposition leader Keiko Fujimori, who had been jailed in January while corruption charges are pending against her, was released from pre-trial detention at Lima's Chorrillos prison on May 4, ostensibly on fears she could be exposed to the coronavirus. Fujimori will be under "restricted release," meaning she cannot leave Lima without prior authorization and must check in every 30 days with judicial authorities. Of course there has been no general discharge from Peru's dangerously overcrowded prisons, and one leading anti-corruption prosecutor in the Fujimori case, Rafael Vela, is protesting her release as "illegitimate." (MilenioJapan Times, Diario Uno)

Yemen's southern separatists declare self-rule

Yemen's southern separatist group declared self-rule in the parts of the country it controls on April 26, leading to fears of a new and even more dangerous conflict after five years of war. The Southern Transitional Council said in its announcement that it plans to govern several southern provinces, including the de facto capital city of Aden, which the internationally recognized government of President Abd Rabbu Mansour Hadi also claims as its seat.

Negative oil prices slow tar sands production

Despite last week's agreement by Saudi Arabia and Russia to end their price war, the oil market remains in free-fall amid the virtual shut-down of the world economy by the COVID-19 pandemic. The price of the main US oil benchmark, West Texas Intermediate, fell on April 20 to $30 below zero—the first time oil prices have ever turned negative. This means anyone trying to sell a barrel would have to actually pay a buyer. The global industry output of 100 million barrels a day would appear to be on borrowed time. (NYT)

Podcast: COVID-19 and impending bio-fascism II

In Episode 50 of the CounterVortex podcast, Bill Weinberg notes frightening advances toward a fascist world order amid the COVID-19 crisis. With police-state measures being imposed worldwide, Donald Trump is claiming "total" executive power and threatening to "adjourn" Congress. That he is doing so in the name of lifting rather than enforcing the lockdown is certainly an irony, but either way it represents exploitation of the crisis for a power-grab. Even under a best-case scenario of a post-pandemic return to "normality," it will be in the context of an unprecedented totalizing surveillance state.

Pacific megastorm complicates COVID-19 response

A powerful storm that ripped across four Pacific Island nations this week raises an uncomfortable question for humanitarians on coronavirus lockdown: how do you respond to a disaster during a global pandemic? Cyclone Harold—the first Category-5 storm to make landfall in the Pacific since the World Health Organization declared the coronavirus a pandemic in March—tore through parts of the Solomon Islands, Vanuatu, Fiji, and Tonga. The storm swept 27 people on a ferry overboard in the Solomon Islands; parts of Vanuatu's northern islands saw extensive damage; some 6,000 people were evacuated in parts of Fiji; and Tonga's 'Eua Island was "devastated," the government said.

Will COVID-19 mean oil industry bailout?

Already depressed oil prices are now plummeting in response to the COVID-19 pandemic. Global oil consumption is said to be in "free-fall," and predicted to lead to the largest "annual contraction in history." Bloomberg reports that oil traders fear that demand "may contract by the most ever this year, easily outstripping the loss of almost 1 million barrels a day during the great recession in 2009 and even surpassing the 2.65 million barrels registered in 1980, when the world economy crashed after the second oil crisis." (OilChange)

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