Strategic Petroleum Reserve Near Historic Lows Amid War in Middle East
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Strategic Petroleum Reserve Near Historic Lows Amid War in Middle East
Strategic Petroleum Reserve Near Historic Lows , Amid War in Middle East.
Strategic Petroleum Reserve Near Historic Lows , Amid War in Middle East.
Fox News reports that drawdowns made to the
U.S. Strategic Petroleum Reserve (SPR) have left
the emergency stockpile at its lowest level since 1983.
.
High market prices have reportedly delayed
efforts made to replenish the reserve, as Israel's war against Hamas could destabilize oil supplies worldwide.
.
High market prices have reportedly delayed
efforts made to replenish the reserve, as Israel's war against Hamas could destabilize oil supplies worldwide.
.
According to data from the Energy Information
Administration (EIA), the SPR had approximately
351.3 million barrels of oil as of September 29.
.
Fox News reports that for most
of the last decade, the emergency stockpile
has stood at over 650 million barrels.
According to an EIA estimate, the U.S. consumes
an estimated 20 million barrels of oil per day.
.
This means that the SPR would be depleted after
just 17 days if America could no longer access "new domestic production or imports," Fox News reports.
.
Fox News reports that the historical average since
1990 has seen the emergency stockpile maintain
approximately 33 days worth of oil reserves.
.
In 1975, the SPR was created under
the Energy Policy and Conservation Act following
an oil embargo by OPEC that lasted from 1973 to 1974.
Americaās SPR remains the largest in
the world and stands ready to deliver
on its mission to provide refiners
and the American public relief
in the event of supply disruptions, United States Department of Energy, via Fox Business.
Initially, the SPR was intended to
have a one billion barrel capacity,
but it has never reached that level.
Fox News reports that SPR supplies are held at four
locations in salt caverns located thousands of feet
below ground to prevent leaking oil from seeping out.
Spain denied port access to a Danish ship carrying 27 tons of explosives from Chennai to Haifa, Israel, citing the need for peace in the Middle East over more weapons. Spanish Foreign Minister Jose Manuel Albares emphasized this new policy amid the ongoing Gaza conflict, which began on October 7. Spain has also halted arms sales to Israel and urged EU capitals to recognize Palestine.
#Spain #Israel #IsraelGaza #IsraelGazawar #Gazawarlive #Gazawarupdates #PedroSanchez #WarLive #Israelattack #Worldnews #Oneindia #Oneindianews
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Recent escalation in the Middle East sees Islamic resistance targeting vital Israeli sites. Backed by Iran, they demonstrate unity against IDF. Israel faces multifront battle with Hezbollah, Hamas, and resistance army. Iraqi resistance launches Arqab cruise missiles at Israeli bases. New kamikaze drone employed. Resistance vows to continue amid Gaza conflict. Attacks extend to U.S. military bases in Syria and Iraq.
#Iraqiresistance #IraqIsrael #MiddleEast #IDF #Hezbollah #Hamas #Gazawar #IsraelaHamas #Hamas #WarLive #Worldnews #Oneindia #Oneindia
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Amid escalating tensions, Kamal Kharrazi, an adviser to Iran's leadership, issues a stark warning to Israel regarding Iran's nuclear doctrine. Watch the exclusive details of this critical development unfolding in the Middle East.
#Iran #IranvsIsrael #Rafah #RafahInvasion #IsraelHamasWar #IsraelIranConflict #AyatollahKhamenei #BenjaminNetanyahu #GazaStrip #Oneindia
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In a dramatic escalation of tensions, Hezbollah militants target Israeli military installations, including the Iron Dome, in response to ongoing aggression against Gaza. Join us for an in-depth analysis of the latest developments in the volatile Middle East.
#Hezbollah #HezbollahStrikes #HezbollahAirStrike #IsraeliIronDome #IsraelIronDome #HezbollahvsIsrael #IsraelHamasWar #IsraelIranWar #Oneindia
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Credit Card Delinquencies , Are on the Rise.
New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .
In Q1 2024, delinquencies reached
8.9% at an annualized rate.
America hasn't seen this high of a
percentage of serious credit card
delinquencies since 2012, Fox News reports. .
In the first quarter of 2024, credit
card and auto loan transition rates
into serious delinquency continued
to rise across all age groups, Joelle Scally, regional economic principal within the Household and
Public Policy Research Division at the New York Fed, via Fox Business.
An increasing number of borrowers
missed credit card payments,
revealing worsening financial
distress among some households, Joelle Scally, regional economic principal within the Household and
Public Policy Research Division at the New York Fed, via Fox Business.
Researchers aren't sure why delinquencies
are so high since the unemployment rate
is low, but they have a few theories.
One of those theories is that consumers drained savings throughout the pandemic
but continue to spend at high levels.
Another theory is that some Americans switched to jobs with lower salaries.
Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.
These are all kinds of complex issues.
We don't exactly know what's behind the
increase of these delinquency rates. But it's
definitely something that we're tracking, New York Fed researchers, via Fox Business.
The average annual percentage rate for
credit cards hit a record of 20.72% recently.
Credit: Wibbitz Top Stories Duration: 01:31Published
US Military Looks to , Recruit Tech Experts While , Cutting Overall Troop Numbers.
United States special operations commanders have
been tasked with cutting overall forces by 5,000
troops, while also adding more high-tech experts. .
United States special operations commanders have
been tasked with cutting overall forces by 5,000
troops, while also adding more high-tech experts. .
United States special operations commanders have
been tasked with cutting overall forces by 5,000
troops, while also adding more high-tech experts. .
Fox News reports that the conflicting goals, which have
forced a broader restructuring of commando teams,
have been influenced by Russia's ongoing war in Ukraine.
U.S. Army Special Operations Command plans to
increase the size of Green Beret teams by adding
members with specialized technical abilities.
U.S. Army Special Operations Command plans to
increase the size of Green Beret teams by adding
members with specialized technical abilities.
Additional team members could include
computer software experts capable of
reprograming drones and other tech gear on the fly. .
Additional team members could include
computer software experts capable of
reprograming drones and other tech gear on the fly. .
Additional team members could include
computer software experts capable of
reprograming drones and other tech gear on the fly. .
Gen. Bryan Fenton, commander of U.S. Special
Operations Command, says the U.S. is "taking a lot
of lessons learned out of the experience in Ukraine.".
Gen. Bryan Fenton, commander of U.S. Special
Operations Command, says the U.S. is "taking a lot
of lessons learned out of the experience in Ukraine.".
According to Fenton, special operations
were ordered to cut about 2,000 personnel,
including 750 from the army. .
According to Fenton, special operations
were ordered to cut about 2,000 personnel,
including 750 from the army. .
In 2024, the department was
ordered to cut an additional 3,000
personnel over the next five years. .
So the real Army reduction in totality is
almost 4,000, and the remaining 1,000
will come from the joint force, SEALs,
Marine raiders, other Army units, Gen. Bryan Fenton, commander of U.S. Special Operations Command.
So the real Army reduction in totality is
almost 4,000, and the remaining 1,000
will come from the joint force, SEALs,
Marine raiders, other Army units, Gen. Bryan Fenton, commander of U.S. Special Operations Command.
Maj. Gen. Patrick Roberson, deputy commander of the
command at Fort Liberty in North Carolina, estimates
that at least 30% of those cuts will be in open jobs. .
According to Roberson, other cuts will be aimed at
redundancies among trainers and instructors, as
well as civil affairs and psychological operations. .
According to Roberson, other cuts will be aimed at
redundancies among trainers and instructors, as
well as civil affairs and psychological operations.
Credit: Wibbitz Top Stories Duration: 01:31Published
Iranian President Vows to Destroy Israel , if It Launches the āTiniest Invasionā.
On April 13, Iran attacked Israel with
hundreds of drones and missiles.
It was the first time that Iran has ever launched a direct military attack on Israel, Fox News reports. .
Although Israel was able to fend off
about 99% of the projectiles, the
country is considering retaliation.
On April 17, Iranian President Ebrahim Raisi warned Israel that if it does decide to
attack with even the "tiniest invasion," .
Iran's response would be "massive and harsh.".
Nothing would remain
from the Zionist regime, Iranian President Ebrahim Raisi, via Fox News.
Raisi delivered his remarks during
a military parade north of Tehran.
Prior to Raisi's threats, Israel vowed
to respond to the attacks.
The country did not provide details,
but its military council met on April 16
to decide how to proceed.
Leaders around the world have
urged Israel to stand down. .
While Israel and Iran have been at odds
for decades, their conflict came to a
head recently since Iran supports Hamas, .
which attacked Israel on Oct. 7 and
prompted Israel's current offensive in Gaza.
Credit: Wibbitz Top Stories Duration: 01:30Published
Samsung Knocks Apple , From Top Phonemaker Spot.
Samsung Knocks Apple , From Top Phonemaker Spot.
Fox News reports that Apple's phone shipments have dropped by about 10%.
During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%.
During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%.
Xiaomi came in third with 14.1%.
Samsung shipped over
60 million phones during Q1 2024.
Samsung shipped over
60 million phones during Q1 2024.
Apple only shipped 50.1 million. .
Last year during the same time period,
Apple shipped 55.4 million. .
Overall, smartphone shipments rose 7.8% worldwide to 289.4 million units during Q1 2024.
The increase in Samsung shipments
could be attributed to the company's
release of Galaxy S24 series phones.
During a launch event at the beginning
of the year, Galaxy AI, which is incorporated
into the company's new smartphones,
was touted as "a new era of mobile AI.".
News of Samsung's triumph comes as
Apple is cutting over 600 jobs in California
following reports that the company
is abandoning its electric car efforts. .
News of Samsung's triumph comes as
Apple is cutting over 600 jobs in California
following reports that the company
is abandoning its electric car efforts.
Credit: Wibbitz Top Stories Duration: 01:31Published
Drug Shortages Reach , All-Time High in US, , Pharmacists Say.
According to the American Society of Health-System Pharmacists (ASHP) and
the Utah Drug Information Service.
the first quarter of 2024 saw
323 active drug shortages, Fox News reports.
The previous record of
320 shortages was set in 2014.
ASHP CEO Paul Abramowitz said,
"some of the most worrying shortages involve generic sterile injectable medications," .
... "including cancer chemotherapy drugs and emergency medications stored in hospital crash carts and procedural areas." .
... "including cancer chemotherapy drugs and emergency medications stored in hospital crash carts and procedural areas." .
Abramowitz went on to say that the
"ongoing national shortages of therapies for attention-deficit/hyperactivity disorder also remain
a serious challenge for clinicians and patients.".
A separate ASHP report said that "the most severe and persistent shortages are driven by economic factors that undermine investment in manufacturing capacity, manufacturing quality and supply chain reliability.".
These economic challenges are
driven by extreme price competition
among generic manufacturers, ASHP, via report.
ASHP will continue to engage
with policymakers regularly as we guide
efforts to draft and pass new legislation
to address drug shortages and continue
to strongly advocate on behalf of our
members for solutions that work, ASHP CEO Paul Abramowitz, via statement.
Last week, the Department of Health and Human Services issued a white paper recommending tactics for Congress to help.
With todayās white paper,
HHS offers solutions and stands
ready to work with Congress to
ensure no patient faces the devastating
consequences of drug shortages or
goes without needed medicines, U.S. Department of Health and Human Services, via press release
Credit: Wibbitz Top Stories Duration: 01:31Published
The body of an Israeli hostage who was captured by Hamas militants while on a cycling trip has been recovered from Gaza, the Israeli military has said. Sky News
Gaza's resistance against Israeli occupation continues into its 32nd week, with the people of Gaza and their defenders confronting a severely imbalanced and brutal conflict. Abu Obeida, spokesperson for Hamas' military wing, al-Qassam Brigades, emphasised the unwavering resolve and fierce defence mounted against Israeli forces.
#WarOfAttrition #HamasVsIsrael #IsraeliVehiclesDestroyed #GazaConflict #HamasResistance #IsraelUnderAttack #GazaUnderSiege #MilitaryEscalation #MiddleEastConflict #HamasThreat
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The Israeli military announced the recovery of three hostages' bodiesāItzhak Gelerenter, Amit Buskila, and Shani Loukāfrom Gaza during intense fighting with Hamas. These hostages were killed during the October 7 Hamas-led attack. Prime Minister Netanyahu and President Herzog expressed condolences, while a senior negotiator warned that expanding military operations in Rafah could hinder hostage negotiations.
#IsraeliHostage #ShaniLouk #IsraelGazawar #IsraelHamas #Gazawarlive #IsraelwarLive #Gazaupdate #Worldnews #Warlive #Warnews #Latestnews #Oneindia #Oneindianews
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The Israeli Air Force struck over 70 targets in Gaza, including weapon depots and terror group infrastructure. Ground forces killed operatives and located rocket launchers in Rafah and Jabaliya. This marks a significant breakthrough for Israel in Rafah, despite international concerns about a high-casualty operation affecting hostage negotiations. A senior Palestinian Islamic Jihad operative was also killed.
#RafahOffensive #IDF #Gazawar #RafahAttack #Airstrikes #Hamaslive #IsraelGaza #IsraelHamas #Gazawarlive #Netanyahu #Biden #Worldnews #Oneindia #Oneindianews
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Biden Signs Bill , Banning Russian Uranium Imports.
The U.S. president signed the bipartisan bill into law on March 13, 'The Guardian' reports. .
The measure is viewed as another avenue of pressure against Vladimir Putin's attack on Ukraine.
The measure is viewed as another avenue of pressure against Vladimir Putin's attack on Ukraine.
Enriched uranium is used to fuel nuclear power plants. Russia supplies the world
with most of it, 'The Guardian' reports.
Approximately 24% of the uranium used by nuclear power plants in the U.S. is provided by Russia.
The import ban will begin in 90 days.
However, the Department of Energy
(DOE) will be permitted to issue
waivers if supplies run low until 2028.
U.S. National Security Adviser
Jake Sullivan said the new law will... .
... āstrengthen our nationās energy and economic security by reducing, and ultimately eliminating,
our reliance on Russia for civilian nuclear power.ā.
According to a U.S. House report, one
U.S. conversion facility will soon be able to provide about ā40% of U.S. market demand in the near term.ā.
According to a U.S. House report, one
U.S. conversion facility will soon be able to provide about ā40% of U.S. market demand in the near term.ā.
Meanwhile, Canada, France, Japan and other countries will help America sustain its uranium supply via an āallied alternative,ā said Kathryn Huff, the DOEās assistant secretary for nuclear
Credit: Wibbitz Top Stories Duration: 01:31Published
On Monday, 16 OCT 23, on New Paradigms with Sargis Sangari, Episode #169, Ms. #ClareLopez, senior advisory board member of Near East Center for Strategic Engagement, The Director of U.S. Geostrategic..
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