LyrArc Article Gist
The new India built refinery by RIL (Reliance India Limited) in the US at Brownsville, Texas, will reduce US trade balance by $15 billion a year and will produce oil using cleaner US shale oil and newer technologies that are less polluting for the environment.  India's RIL Refinery Project for $300 billion at Brownsville, Texas, is Explained here in the Indian Express. The Project is called America First Refining, and was announced by the US president recently.  $125 billion for 60 million barrels of US shale oil processed annually over 20 years and $175 billion for 2.5 billion gallons of refined product to be produced annually for 20 years. US  imports about 2.8 billion barrels a year and (exports 1 billion barrels a year) at a cost of $180 billion a year. This means the trade imbalance from crude imports will be cut by about 10% annually. The new refinery is the first in 50 years and is designed to process cleaner lighter shale oil from the US Permian Basin -whereas existing refineries are designed with older technology for heavier crude oil such as the US gets from Venezuela. Reliance India Limited has a fast turnaround time on projects- new project will come onstream in 2027. It currently has the world's largest single refining complex in Jamnagar, Gujarat, India.  ...

LyrArc Article Gist
This NYT's look at PDVSA the Venezuelan oil industry 2026 and in the years 2013-2026 after Chavez is an eye opener on what happens when socialist ideas of distribution and equality fall apart. There are dangers on both sides the Right, the Left makes no difference mere labels, vigilance, good leadership, clean governance, good management hard work, are essential for countries and peoples to prosper.The operations of the Venezuelan oil industry in these years as shown in the NYT. show the failures of the Chavez ideas for the economy, hyper inflation and mismanagement of the country's oil resources that followed in 2013-2026. From Nigeria, to India in the years just before the 2014 elections, to West Bengal, India in 2026, many such lessons in Indian states post Independence 1947, Sri Lanka, clear lessons on how socialist regimes take a turn into financial disaster as dreams evaporate and economies are destroyed with lack of jobs and industry, mismanagement and corruption. Everything falls apart, billions of dollars of public funds are lost, economies are ruined, people's lives destroyed, a cautionary tale for future generations. In Latin America, Asia and Africa most prone to such disasters, where bad leaders can come to power through elections if the situations are allowed to be created where this can happen through the lack of effort to build better societies that work. ...

LyrArc Article Gist
Tony Blair's advice to Labour from 30 years ago- Labourites see it as "unhelpful." Blair talks in grandiose terms about AI and the world but says little about housing, inequality lack of opportunity, jobs, energy costs, and cost of living, problems that need solutions today.