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2025-05-15T18:19:21Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Elon Musk’s X platform has faced backlash after its AI chatbot kept bringing up ‘white genocide.’ Sam Altman joined in and made fun of Grok, extending his long-running feud with X owner Elon Musk. Musk has promoted the ‘white genocide’ conspiracy theory, deemed false by South African authorities. Elon Musk’s social media…
AI can make it easier to game traditional college assessments like essays — so the way students are tested is likely to change, says LinkedIn cofounder Reid Hoffman.As a result, he added, students should expect college exams to become harder to fake their way through and to include an AI examiner.”Wishing for the 1950s past is a bad mistake,” Hoffman said on an episode of his podcast Possible, which he co-hosts. “The fact that universities have not changed, and it’s like, ‘Well, but I already have my curriculum, and this is the way I’ve been teaching it for the last,…
In a significant escalation of the longstanding territorial dispute over the oil-rich Essequibo region made famous by a string of ExxonMobil discoveries, the Guyana Defence Force (GDF) said on Thursday that its troops were attacked by armed individuals in civilian clothing from the Venezuelan side of the Cuyuni River, the Guardian reported. According to the GDF, three separate attacks occurred within a 24-hour period along a stretch of the river. No injuries or casualties were reported, and Guyana has stepped up patrols in the region. The attacks come just days before Venezuela plans to hold elections in the Essequibo region on May…
Texas is in the grip of an extraordinary heatwave this week, with record-breaking temperatures sweeping across the central and southern regions of the state.While 100F days are common in Texas summers, such early-season heat is unusual. The record-high heat means that Texas has been recently hotter than Death Valley, California, which is often cited as the hottest place on Earth.Temperatures across the central and southern region of the state ranged from 100F to 111F, levels that experts warn can pose serious health risks for anyone without access to air conditioning or enough water.The extreme temperatures are expected to continue well…
China Petroleum & Chemical Corporation (Sinopec) has announced a major shale gas exploration breakthrough of its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The vertical depth of the well reaches over 5,300 m with a 1,312-m-long horizontal section, setting a new record for vertical depth of shale gas wells in China. The breakthrough will boost the gas reserves and production efficiency in the Puguang area as well as contribute to the development of ultra-deep shale gas in the Sichuan Basin, Sinopec stated. The Puguang gas and oil field is the first extra-large deep and high-sulfur gas…
Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives have warned in a clear signal that United States President Donald Trump’s trade war is filtering through to the US economy. As a bellwether of US consumer health, Walmart’s explicit statement on Thursday is also a signpost for how the trade war is affecting companies as Walmart is noted for its ability to manage costs more aggressively than other companies to keep prices low. Walmart’s shares fell 2.3 percent in morning trading after it also declined to provide…
GORDON FELLER, Contributing Editor Fig. 1. The Gulf continues to be the primary U.S. offshore source of oil and gas, generating about 97% of all OCS oil and gas production. Image: Bureau of Ocean Energy Management. Hydrocarbon exploration and production (E&P) projects in the Gulf of America/Gulf of Mexico (the Gulf) have been influenced by a range of external factors over the past year. Significant changes to the external environment, including political, economic and financial conditions, are affecting hydrocarbon projects in ways that could not have been predicted during 2024. Such significant “externalities” make for a challenging…
India is fast cementing its status as the world’s top engine of oil demand growth—overtaking China earlier than expected and showing no signs of slowing down.According to OPEC’s latest Monthly Oil Market Report, India’s oil demand is projected to grow by 3.4% in 2025 to 5.74 million barrels per day (bpd), and then rise another 4.3% in 2026 to 5.99 million bpd. That’s more than double China’s projected growth rates of 1.5% and 1.25% for those years, respectively.The jump in Indian oil consumption is being driven by the country’s strong economic momentum—fueled by consumer spending, manufacturing expansion, and continued government…
(Investing) – LONDON – OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last month’s forecast of 900,000 bpd. A slowdown in supply growth outside OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other…
WASHINGTON – The Department of Energy (DOE) today announced new actions to increase accountability and promote responsible stewardship of American taxpayer dollars. In a Secretarial Memorandum entitled, “Ensuring Responsibility for Financial Assistance,” U.S. Secretary of Energy Chris Wright outlined DOE’s policy for evaluating financial assistance on a case-by-case basis to identity waste of taxpayer dollars, protect America’s national security and advance President Trump’s commitment to unleash affordable, reliable and secure energy for the American people. “Over the past 110 days, the Energy Department has been hard at work reviewing the billions of dollars that were rushed out the door, particularly in the…