ibse Overseas Money Is Financing Terrorism in Southeast Asia
Qpfh The Islamic State Celebrates Its First BirthdayThe Polar Pioneer, an oil drilling rig owned by Shell Oil, arrives on May 14, 2015 in Seattle, Washington. The rig is part of a fleet that will lead a controversial oil-exploration effort off Alaska s North Slope.Karen Duceymdash;Getty ImagesBy Jon Chew / FortuneSeptember 28, 2015 3:32 PM EDTRoyal Dutch Shell said Mondaystanley cup it will stop drilling for oil off Alaska coast. The move comes after Shell failed to discover a noteworthy amount of undersea oil in a well off northern Alaska despite spending $7 billion on exploration efforts.The decision will undoubtedly please the many env stanley cup ironmentalists who were against the project from the start. But their protests aren ;t the reason Shell is calling it quits in Alaska. Instead, Shell decision was economic: The price of oil has dropped precipitously over the past year, meaning it getting much harder to make a profit on the stuff.Since OPEC declined to cut oil production in 2014, oil prices have fallen by almost half in response to the glut of supply. Currently, U.S. West Texas Intermediate crude oil stanley cupis trading at around $44 a barrel, while Brent crude oil is trading at around $47.This means that the marginal costs of production mdash; that is, the cost of pumping one additional unit of a barrel of oil to meet demands mdash; are correspondingly high. As a result, oil production has also fallen, since there is no incentive to produce oil if its price is below production costs.For Shell, all this means the hi Krum Facebook to End Use of Facial Recognition Technology on Platform
Bernie Sanders speaks during a rally in Springfield, Ore., on April 28, 2016.Ryan Kang鈥擜PBy Sam FrizellApril 28, 2016 1:26 PM EDTBernie Sanders is losing the primary battle, but he still waging a war for the soul of the Democratic Party.Now all-but eliminated from winning the Democratic nomination, the Vermont Senator and his advisers are drawing up plans for a fight over the party platform and rules at the July convention, hoping to inscribe his ideas into the party DNA.That could mean putting into the text ideas that Clinton and her allies have resisted, such as raising the federal minimum wage to $15 an hour or changing the primary rules to eliminate superdelegates, Sanders allies say. His adviser adidas originals s are consid skechers ering tactics that would take advantage of the partyrsquoarcane rules to push proposals through the party-controlled committees, perhaps as far the convention floor. The looming fight at the convention has become a key motive for Sanders to continue contesting major primary states. If we don ;t win, we intend to win every de jordan legates we can, he said at a rally on Wednesday,8220 o that when we go to Philadelphia, we will have the votes to put together the strongest progressive agenda that any party has ever seen.But Sanders will face some of the same challenges in his platform fight that he faced in his campaign, with much of the agenda on the convention floor controlled by Clinton and her allies within the party.
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