Gad Senyuiedzorm Ashiagbor
6.2K posts

Gad Senyuiedzorm Ashiagbor
@walencho
1st of My Name | Lead Moderator @AfricanEV | Co-host of the AfricaNEV Podcast:



BREAKING: QatarEnergy just declared Force Majeure. Three words that mean: we cannot deliver, and legally, we do not have to. This is no longer a supply disruption. This is a contract collapse. Force Majeure is not a precaution. It is a formal legal declaration that an unforeseeable event beyond QatarEnergy’s control has made fulfillment impossible. Every affected buyer just had their contract voided. The gas they were counting on is gone, and they have no legal recourse to get it back. 82% of Qatar’s LNG goes to Asia. China relies on Qatar for 30% of its LNG imports. India 42 to 52%. South Korea 14 to 19%. Taiwan 25%. Japan is already rationing to spot markets. Asian benchmark prices jumped 39% the day production stopped. Force Majeure just made that permanent until further notice. Indian companies have already cut gas supplies to industry by 10 to 30%. That is not a market adjustment. That is factories running at reduced capacity today, across the world’s most populous continent, because Iran sent drones into Ras Laffan. Here is the number the market still has not fully absorbed. Two weeks to restart a liquefaction train after a full cold shutdown. Then two more weeks to reach full capacity. That is a minimum of four weeks at zero, assuming no further strikes, no security complications, no inspection delays. The war is still running. There is no security guarantee. There is no restart timeline. There is no floor. Every LNG contract in Asia just became a spot market problem. Every spot market problem just became an inflation problem. Every inflation problem just became a central bank problem. This started as a war in the Middle East. It is now inside every factory, every power plant, and every gas bill across Asia. Price that chain. open.substack.com/pub/shanakaans…


This aired tonight to 1 billion people in China. A year ago these robots could barely wave a handkerchief, now they can do backflips and kung fu with nunchucks. Physical intelligence is the next frontier.












People often say that the developing world is poor because the Western world colonized them and stole their resources. The truth, however, is that over the past century, the developing world has, for the most part, shown that they are completely incapable of harnessing their own resources. They are not poor because we stole from them. They are poor because they do not know how to run and administer their own countries, resources be damned. Take Venezuela. The world's largest oil reserves mean nothing if you have a corrupt communist as your leader. People will actually be starving and trying to eat zoo animals while you sit on trillions of dollars in resources! Africa is another example. Europeans left behind farmland, trains, roads, and mines in Africa. What happened to it all? It's not that all of a sudden, the Africans started running things like anti-colonialist activists had envisioned at the time. No, no. All the infrastructure fell into disrepair and/or was stripped down and looted. They were literally handed fully functioning, completed supply chains for resource extraction, and basically unlimited wealth, but they couldn't manage the simple upkeep. Now, the defense for Africa might be that "The Europeans didn't teach the Africans how to manage any of this! It's not the Africans' fault they couldn't run it independently! They were never trained!" But my brother in Christ, the Europeans DID try to train locals for management! Obviously it would have been easier to have at least some locals in administration, rather than having to import an ENTIRE workforce, but efforts to find African talent were largely unsuccessful. Don't believe me? Just look at the different outcomes in Hong Kong and Singapore when compared to Africa. In East Asia, Europeans often did work with locals in administrative and management capacities. When colonialism ended, Hong Kong and Singapore were able to manage themselves. Not the case with Africa. Now, none of this is to say that colonialism is good. People have the right to self-rule and seld-determination. However, the idea that colonialism and resources extraction are responsible for the developing world's ongoing poverty? That is quite simply a crock of shit.





Just saw a Tesla with no one in the car @SawyerMerritt @wholemars @robotaxi @Tesla







