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ExxonMobil's Record Profits Defy Political Expectations

ExxonMobil's Record Profits Defy Political Expectations

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Fears Mount Of Russia Making A Move On Moldova

Politics, Geopolitics & Conflict

Following the devastating earthquake in Turkey, Erdogan has been rumored to be considering postponing May 14 elections until June, though Turkish media sources said on Thursday that the election would go forward in May as planned before the tragedy. Some 47,000 people have been killed so far. While any critical Turkish journalism on the earthquake and rescue efforts has been stifled by the authorities, indications from sources on the ground are that anger remains at a boiling point. This week, Erdogan also continued his unorthodox monetary policy by convincing the Central Bank to once again slash interest rates despite soaring inflation. Contrary to popular monetary thinking, which holds that raising interest rates reduces inflation, Erdogan pursues a policy to the contrary. Record high inflation would suggest he may be wrong. Keep an eye on developments in the run-up to May 14.

Mexico’s AMLO has officially nationalized the first portion of the country’s lithium reserves, with the stated intention of protecting the natural resource from foreign exploitation, specifically naming Russia, China, and the United States. The decree covers some 235,000 hectares in Sonora, which is estimated to contain some 243 billion tons of lithium. If true, that would make it the largest deposit in the world. However, this is not the same type of lithium source as in the “Lithium Triangle” (Argentina, Bolivia, Chile) where…





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