The cold wave is intensifying the severe energy crisis in Iran. In a video he published last week, the Iranian president calls on residents to reduce the heating in their homes by at least two degrees, due to the difficulty in supplying electricity to homes. General power outages have become more frequent and schools are closing earlier/not opening at all.
How is it that Iran, a natural resources powerhouse in the energy sector, is unable to provide electricity to its residents?
For decades, the regime neglected the electricity infrastructure (and, for example, invested $30 billion in promoting terrorism in Syria), and now that demand is rising, the networks are unable to cope with the load and are collapsing.
Particularly embarrassing... the energy powerhouse ran out of energy...
The cold wave is intensifying the severe energy crisis in Iran. In a video he published last week, the Iranian president calls on residents to reduce the heating in their homes by at least two degrees, due to the difficulty in supplying electricity to homes. General power outages have become more frequent and schools are closing earlier/not opening at all.
How is it that Iran, a natural resources powerhouse in the energy sector, is unable to provide electricity to its residents?
For decades, the regime neglected the electricity infrastructure (and, for example, invested $30 billion in promoting terrorism in Syria), and now that demand is rising, the networks are unable to cope with the load and are collapsing.
Particularly embarrassing... the energy powerhouse ran out of energy...
Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open. "There are a lot of things that Telegram could have been doing this whole time. And they know exactly what they are and they've chosen not to do them. That's why I don't trust them," she said. Overall, extreme levels of fear in the market seems to have morphed into something more resembling concern. For example, the Cboe Volatility Index fell from its 2022 peak of 36, which it hit Monday, to around 30 on Friday, a sign of easing tensions. Meanwhile, while the price of WTI crude oil slipped from Sunday’s multiyear high $130 of barrel to $109 a pop. Markets have been expecting heavy restrictions on Russian oil, some of which the U.S. has already imposed, and that would reduce the global supply and bring about even more burdensome inflation. Channels are not fully encrypted, end-to-end. All communications on a Telegram channel can be seen by anyone on the channel and are also visible to Telegram. Telegram may be asked by a government to hand over the communications from a channel. Telegram has a history of standing up to Russian government requests for data, but how comfortable you are relying on that history to predict future behavior is up to you. Because Telegram has this data, it may also be stolen by hackers or leaked by an internal employee. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised.
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