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Energy shortages continue to ravage the globe



Energy Shortage

Oil prices peak as countries deplete their energy stores

Oil peaked at its highest price in years on Monday, and as coal and gas prices soar countries are resorting to switching off their power.

Scarcity of these commodities has been triggered by the fall in U.S. gas production last year as well as the covid-19 recession.

Market Strategist Daniel Weiner says that the shortage is triggered by “[countries] trying to cut down on coal” as well as the “PPP not creating sure access to a gas supplier that would stabilise prices”.

Coal supply shortages and looming emission targets in China have grounded many factories.

Meanwhile, in Europe, with gas and power prices steadily growing some governments have taken to combatting prices.

Spain cut taxes to lower gas bills in June but has since reverted the move, blaming lost revenue and the continuing gas price boom.

ANZ bank analysts predict the gradual easing of restrictions across the globe will help recover fuel consumption, along with the the construction of additional oil and natural gas rigs in the U.S.

U.S. energy firms added oil and natural gas rigs for a sixth week in a row. PHOTO: BBC

White House Press Secretary says President Biden is reviewing options to address the energy crisis.

“Some of the issue here is the supply as a result of the pandemic, there’s a gas shortage around the world hence the need for the United States to continue to export natural gas,” she says.

Depleted energy and ongoing maintenance are some of the biggest contributors to the price surge.

While it may be a while before the world’s oil and gas stores recover, all eyes will be on the COP26 climate change conference to see if world leaders are planning to shift away from commodities like coal to greener energy.

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Victoria’s Secret criticized for trans woman’s apology



Victoria’s Secret is facing backlash after issuing an apology to a transgender woman who had a negative experience while trying on bras at one of their stores.

The incident has ignited a debate about inclusivity and sensitivity in the fashion industry.

The controversy began when the trans woman, who remains anonymous, visited a Victoria’s Secret store to shop for bras. She reported feeling uncomfortable and discriminated against by store staff.

In response to her complaint, Victoria’s Secret issued an apology, acknowledging the incident and expressing their commitment to diversity and inclusion.

However, the apology itself has come under fire from both supporters and critics.

Some argue that the brand’s apology is insincere and merely an attempt to save face, while others believe it is a step in the right direction towards a more inclusive shopping experience for all customers.

The incident raises important questions about how brands should handle situations involving discrimination and whether their apologies are genuine or performative.

It also highlights the ongoing challenges faced by transgender individuals when accessing spaces traditionally designed for cisgender customers.

As the fashion industry continues to evolve, many are calling for a deeper examination of inclusivity and sensitivity, not just in policies but in practice.

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Has the Australian Defence Force become top heavy?



Despite a decrease in overall personnel numbers, the Australian Defence Force (ADF) has seen a notable increase in senior officers, leading to concerns about its top-heavy structure.

In recent years, the ADF has undergone significant downsizing efforts, resulting in a reduced total workforce.

However, a closer look at the numbers reveals a surprising trend – a growing number of senior officers within the organization.

The rise in senior officers has raised questions about the efficiency and effectiveness of the ADF’s hierarchy.

Critics argue that a top-heavy structure may hinder decision-making and resource allocation, potentially impacting the ADF’s operational capabilities.

Is the increase in senior officers a deliberate strategy, or is it the result of unintended consequences from downsizing efforts?

What implications does a top-heavy structure have on the ADF’s ability to respond to evolving security challenges?

Are there plans to rebalance the officer-to-enlisted personnel ratio within the ADF?

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India’s shift to coal amid declining hydro generation



India has been grappling with a significant challenge in its energy sector as hydroelectric power generation has experienced a sharp decline.

This shift in the energy landscape has forced the nation to increasingly turn to coal as an alternative source of power.

The dwindling water resources and changing weather patterns have led to a decrease in hydro generation, posing a pressing dilemma for the country’s energy sustainability.

With India’s growing population and expanding industries, a steady and reliable power supply is crucial.

However, the drop in hydroelectric power output due to factors like reduced rainfall and glacial melting has strained the nation’s electricity grid.

As a result, coal-fired power plants have become a more prevalent choice to bridge the energy gap, despite concerns about environmental impact and carbon emissions.

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