Sunday, June 14, 2020

No Lock-Down in Pakistan, Political Gains expected for the Next Elections.

Where all countries of the world have tried and achieved positive results from effective Lock-down, there are a few countries who prefer economic balance over increasing death-toll caused by Covid-19. The prominent countries maintaining "no-lock-down policy" are Brazil, Sweden and Pakistan. 

The Prime Minister of Pakistan, Imran Khan, has established a narrative of supporting the daily wagers and low income individuals via allowing the bussinesses to run under SOPs laid by the Government of Pakistan. The citizens on the other hand are not only careless towards the guidelines but are also disrespectful to the positive results of social distancing and masking their faces. 

Hidden political gains are also expected in the  long run which varies country-to-country. This is the first time that Pakistani Nation has selected a political party that had shown the masses a greener side on the other side of the fence while campaigning for elections in 2018, but now it is the time to deliver that long-awaited grass on the door-steps of it's citizens.  The PTI ( political party in power) has shown very poor progress, towards addressing issues of a poverty stricken individual, so far. This pandemic , without strict lock-down would create massacre enough to use it as a plea for the next elections due in 2023. The economical break down and the health crisis would make up a really good story to camouflage the ill-doings and incompetency to deliver the required goals and targets, as their would be no better alibi available while campaigning for 2023 elections and demanding another term to deliver. Had the government imposed a strict lockdown,  Pakistan could expect ejecting the pandemic in 2020, but no-lock-down would definitely engulf 2021 as well along with the highly exaggerated financial, manpower and medical crises which would serve as a anecdote while chanting for the next term.
Government of Pakistan must take countries like China, Newzealand,  Saudia Arabia and others as shining examples when it comes to dealing with pandemics, if and only if it is really intrested in pulling itself out of the mess instead of gathering future political gains.
We can only hope that Pakistan learns from the countries who have successfully turn the tables altogether for a better future of their citizens.

Monday, April 20, 2020

Countries Craving For Oil Storage Spaces-The only solution to the "Oil-Not-Required" problem.

World might be needing huge storage spaces to cope-up with the "Oil-Not-Required" situation.

The global oil industry may increasingly look to offshore oil tankers to store their extra crude oil, but for this to be economic it would require oil prices to fall further.

Earlier this month, oil data analytics firm OilX warned that oil in storage around the world could reach 1 billion barrels before long. This week, Reuters quoted shipping industry sources as saying that as much as 80 million barrels of oil are hanging out in floating storage. OilX has calculated that this oil in floating storage could be even more, at some 100 million barrels. 
And the number is only going to grow.
Earlier this week, Bloomberg quoted three sources from the Energy Department as saying the department was discussing whether to start renting out federal storage space to local oil producers as their tanks were filling up and there were no quick buyers for the oil they pump. 
In theory, it would take few months to fill the world’s remaining oil stores, but constraints at many facilities will shorten this window to only a couple of months.
“At the current storage filling rate, prices are destined to follow the same fate as they did in 1998, when Brent fell to an all-time low of less than $10 per barrel,” said Rystad Energy analyst Paola Rodriguez-Masiu.

Sunday, April 19, 2020

Trump Warns China - China could face ‘consequences’ for coronavirus pandemic, says Donald Trump


US President Donald Trump on Saturday warned China that it should face consequences if it was “knowingly responsible” for the coronavirus outbreak, as he heightened up criticism of Beijing over its handling of the outbreak.
“It could have been stopped in China before it started and it wasn’t, and the whole world is suffering because of it,” Trump told a daily White House briefing.

It was the latest US volley in a war of words between the world’s two biggest economies, showing increased strains in relations at a time when experts say an unprecedented level of cooperation is needed to deal with the COVID-19 crisis.
“If it was a mistake, a mistake is a mistake. But if they were knowingly responsible, yeah, I mean, then sure there should be consequences,” Trump said. He did not elaborate on what actions the US might take.
Trump and senior aides have accused China of a lack of transparency after the coronavirus broke out late last year in its city of Wuhan. This week he suspended aid to the World Health Organisation accusing it of being “China-centric.”
Washington and Beijing have repeatedly sparred in public over the virus. Trump initially lavished praise on China and his counterpart Xi Jinping for their response. But he and other senior officials have also referred to it as the “Chinese virus” and in recent days have ramped up their rhetoric.
They have also angrily rejected earlier attempts by some Chinese officials to blame the origin of the virus on the US military.
Trump’s domestic critics say that while China performed badly at the outset and must still come clean on what happened, he is now seeking to use Beijing to help deflect from the shortcomings of his own response and take advantage of growing anti-China sentiment among some voters for his 2020 re-election bid.
At the same time, however, White House officials are mindful of the potential backlash if tensions get too heated. The United States is heavily reliant on China for personal protection equipment desperately needed by American medical workers, and Trump also wants to keep a hard-won trade deal on track.
Trump said that until recently the US-China relationship had been good, citing a multi-billion agricultural agreement aimed at defusing a bitter trade war. “But then all of a sudden you hear about this,” he said.
He said the Chinese were “embarrassed” and the question now was whether what happened with the coronavirus was “a mistake that got out of control, or was it done deliberately?”
 “There’s a big difference between those two,” he said.
Wuhan lab 
Trump also raised questions about a Wuhan virology laboratory that Fox News this week reported had likely developed the coronavirus as part of China’s effort to demonstrate its capacity to identify and combat viruses. Trump has said his government is seeking to determine whether the virus emanated from a Chinese lab.
As far back as February, the Chinese state-backed Wuhan Institute of Virology dismissed rumors that the virus may have been artificially synthesized at one of its labs or perhaps escaped from such a facility.
Wandering off the topic of the coronavirus, Trump also used the White House briefing to take a swipe at presumed Democratic presidential nominee Joe Biden and his long record on China as a senator and former vice president.
While stressing his own confrontational trade policies toward China, Trump, using his nickname “Sleepy Joe” for his rival, said if Biden wins the White House that China and other countries “will take our country.”
Trump also again cast doubt on China’s death toll, which was revised up on Friday. China said 1,300 people who died of the coronavirus in Wuhan — half the total — were not counted, but dismissed allegations of a cover-up.
The United States has by far the world’s largest number of confirmed coronavirus cases, with more than 720,000 infections and over 37,000 deaths.
Even Dr Deborah Birx, coordinator of the White House coronavirus task force who has steered clear of political aspects of Trump’s contentions briefings, questioned China’s data.
Showing on a chart that China’s death rate per 100,000 people was far below major European countries and the United States, she called China’s numbers “unrealistic” and said it had a “moral obligation” to provide credible information.