BOGOTA: Theft of crude oil from pipelines operated by Colombia's state-controlled oil company Ecopetrol rose by 46% last year, driven by surging robberies along the Cano Limon-Covenas pipeline, a company spokesman said.On average, 2,638 barrels per day of oil were stolen last year, up from 1,806 bpd in 2019, the spokesman said. The theft represents a fraction of Ecopetrol's production, which stood at 725,000 bpd in 2019.The stolen oil was worth just under $50 million, based on the volume-weighted average for global benchmark Brent in 2020 of $51.37 a barrel, according to Eikon.However, Ecopetrol warned in September that oil and fuel theft was putting communities and the environment at risk as the methods used to tap the pipelines can result in spills affecting soil, bodies of water, animals and plants.Ecopetrol, which produces the lion's share of Colombia's oil output, did not immediately respond to questions about reasons for the increase in theft of its crude.The pipelines are … [Read more...] about Colombia’s Ecopetrol says oil theft from pipelines rose 46% last year
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And third, after the easing of the family planning policy in 2016 allowing all couples to have two children, the number of new births rose briefly to 17.86 million, the highest since 2000. But the number has fallen every year since. And the decline in the number of births continued during the 13th Five-Year Plan (2016-20) period. … [Read more...] about High cost of raising children behind low birth rate
On fair miningFor the Indian economy this is sustainable — capital has been maintained; the savings rate would rise, making available more long-term domestic capital; it diversifies risk while likely improving returns — it is nearly impossible to outperform the market rate of return; the dividend is in effect a Universal Basic Income; lower inequality leads to higher economic performance, and as budgets no longer have easy mining money, public investment, and tax administration will become more effective and efficient. This is a six-fold economic boost. … [Read more...] about Mining in India equals selling the family gold
Would the court have met the approval of the critics had it limited itself to the upholding of the Shaheen Bagh precedent and ordered the farmers to vacate the Singhu and Tikri borders at the pain of forcible eviction by the police? … [Read more...] about Farmers must stop being STUBBORN!
by Anurag KumarHealth spending is largely viewed as a cost. This is true of Governments and individuals alike. Finance Ministries thinks of health as a social sector expenditure. Individuals avoid paying for health till it becomes absolutely necessary and unavoidable.It would be wise for both, Governments, and individuals to consider health as an investment instead. Individual ‘investment’ in self-care and preventive health yield returns by lowering need for, and spending on curative care. Government investment in health has a strong multiplier effect throughout the economy in addition to enhancing the population’s well-being.The 2021 budget presents an opportunity to mark a departure from the chronic, low public spending on health. Policymakers should take the Covid-19 pandemic as a cue to move health expenditure to a higher orbit. Beyond the immediate need to fund Covid-19 vaccination, it is also a critical juncture where the role and impact of public health funding … [Read more...] about Investing in health is good economics