The Long-Term Impact on the Oil World
The latest conflict in the Middle East is the most recent in a region that hasn’t been calm for decades. It has always seemed to be a flashpoint – the Iraq War, the Kuwait invasion, battles with Israel, terror attacks, and on and on.
The industry put up with this for decades because there was always plenty of money to be made. Oil extraction was easy, and the infrastructure was already in place. Now patience seems to have its limits. Investment is pouring into alternative sources worldwide, including Canada, Argentina, Brazil, Venezuela, Angola, Mexico, and others.
The general sense is that the current impasse will likely persist for many more months, possibly years. Beyond the immediate crisis, the oil industry has begun to conclude that this region is too unreliable, whereas new regions are easier to engage. Of all the new projects, those targeting Latin America seem most promising in the short, medium, and long term.
Check Your Websites
Researchers discovered the bug and, with AI’s help, patched it so hackers using supercharged AI models won’t be able to exploit it. The bug was first flagged years ago but was considered low priority because it was deemed too complicated for hackers to exploit.
Developers released critical patches for PHP, a programming language that powers roughly 70% of the world’s websites, warning that if they aren’t deployed manually ASAP, hackers could cause serious damage.
Read more about how this, along with financial developments and other global issues, could affect your supply chain.
