Indonesia Might Pivot To The West After Its Upcoming Elections In February

Energy News Beat

Indonesia is the world’s largest Muslim country, its fourth-most populous one in general, and is on pace to become the sixth-largest economy by 2027, which is why any potential change in its presently non-aligned foreign policy after February’s upcoming elections could have far-reaching implications for the New Cold War.

Indonesia goes to the polls in February to choose its next president, vice-president, and parliament, during which time this traditionally non-aligned emerging power might end up pivoting to the West if former Jakarta Governor Anies Baswedan comes to power. He’s considered close to the US after studying there on a Fulbright scholarship, which adds context to his declaration in early November that he’ll replace his country’s “transactional foreign policy” with Russia and China with a “values-based” one.

The Australian Institute of International Affairs explained in June “Why Indonesian Presidential Candidate Anies Baswedan is Likely Bad News for China”. Their article drew attention to how much he’s hobnobbed with Western officials, including American ones, over the past year despite him no longer having an official position in the government after ending his term as governor in October 2022. This is unusual and suggests that they’re cultivating him as their agent of influence in case he wins the election.

Defense Minister Prabowo Subianto is presently leading by at least a ten-point margin according to polling from mid-November, with Anies in third place behind former Central Java Governor Ganjar Pranowo, and he’s pledged to continue outgoing President Joko “Jokowi” Widodo’s foreign policy. There are a little less than three months before the 14 February national elections, however, so this could potentially change.

Anies resorted to a vicious campaign of identity politics against his former Christian opponent in the 2017 gubernatorial elections in order to tap into his country’s hardline Islamist vote bank, which is why minorities expressed concern over a year ago after he announced his intent to run for president. The South China Morning Post published a piece in late October about how he’s trying to rebrand himself as a “moderate” despite once again allying with Islamist parties, though it’s unclear if he’ll succeed.

It therefore can’t be ruled out that Anies might revert to his dangerous electioneering policy out of desperation to increase his standing in the polls ahead of February’s vote. Another factor that could enter into play is reportedly rising popular sentiment against Jokowi’s perceived nepotism after the constitutional court recently created a loophole allowing his son to run as vice-president under Prabowo. One poll from early November suggests that this already reduced the Defense Minister’s appeal.

The combination of weaponized identity politics, perceived nepotism as explained above, and Western meddling via potential information warfare provocations against Prabowo as well as the possible instrumentalization of allied “NGOs” could lead to Anies surging in the polls ahead of February’s vote. If he wins, then his pledged “values-based” foreign policy could lead to Indonesia aligning itself with the West in the New Cold War, which would have far-reaching implications for this global competition.

Indonesia is the world’s largest Muslim country, its fourth-most populous one in general, and is on pace to become the sixth-largest economy by 2027, thus explaining why its foreign policy is being closely followed by many across the world. Jokowi has sought to emulate Indian Prime Minister Narendra Modi’s multi-alignment policy of balancing between the US-led West’s Golden Billion and the Sino-Russo Entente, which readers can learn more about by reviewing these three analyses:

* 28 June 2022: “Interpreting Indonesia’s Mediation In The Ukrainian Conflict”

* 11 November 2022: “Indonesia Will Ultimately Have To Decide Which Military Side It’s On In The New Cold War”

* 1 September 2023: “Indonesia’s Wait-And-See Approach Towards Joining BRICS Is Interesting”

In pursuit of balanced relations with both those two de facto New Cold War blocs, Indonesia officially deepened its comprehensive strategic partnership with China in October and then announced a comprehensive strategic partnership with the US less than a month later in mid-November. It also organized the first ASEAN military drills in September, the same month that it participated in multilateral drills with the US. Right now, Indonesia and the US are also carrying out bilateral drills till 11 December.

This sequence of events suggests that Indonesia is tilting closer towards the US, which isn’t surprising considering that it took issue with the latest publication of China’s annual map that appears to lay claim to some of its maritime territory in the South China Sea. At the same time, however, China remains an important economic partner after pledging nearly $22 billion worth of new investments in Indonesia in early September. This proves that neither wants maritime disputes to impede their trade ties.

Nevertheless, the existence of such a dispute in spite of each party trying to downplay it could become a sensitive election issue if Anies decides to make it one, whether on his own prerogative or at the urging of his Western partners. This factor could add to the previously mentioned ones and possibly lead to him surging in the polls ahead of February’s elections. As was earlier written, the West wants him to win since they expect that his “values-based” foreign policy would advance their New Cold War interests.

The people’s will should be respected no matter what the outcome may be, but they should also be aware of the larger geopolitical games at play in the upcoming elections. For as appealing as Anies’ demagogic rhetoric might be to some, they shouldn’t lose sight of the fact that he’s the West’s preferred candidate because they envisage him overseeing Indonesia’s pivot towards their bloc at the expense of its traditionally non-aligned foreign policy. This would indisputably damage ties with Russia and China.

Indonesia’s rise as a globally significant power would therefore be at risk of derailment in that scenario since hitherto mutually beneficial trade and investment ties with China could suffer if it starts saber-rattling against the People’s Republic at the West’s behest. These aforesaid ties were largely responsible for Indonesia’s astronomical growth that’s poised to make it the world’s sixth-largest economy by 2027. If they’re endangered, then so too might its grand plans be as well, after which the West could exploit it.

To explain, Indonesia needs to continue growing at its present rate in order to offset demographic challenges to its domestic stability. If this trajectory is derailed through Western-encouraged self-inflicted damage to its economic ties with China, then unemployment could once again become a problem with all that entails for associated political and security threats. These could take the form of a Color Revolution, impoverished people turning towards radicalism, and more terrorist-separatist threats.

In that event, Indonesia could more easily be divided-and-ruled by the West, especially if that bloc decides to support anti-state movements. The only way to confidently defend itself from these Hybrid War threats is for Indonesia maintain mutually beneficial trade and investment ties with China, which thus requires retaining its balancing act. Anies’ victory in the next elections could result in a pro-Western pivot that ruins those relations, however, hence why voters should think twice before supporting him.

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Japan utilities call for bigger strategic buffer LNG

Energy News Beat

TOKYO, Dec 1 (Reuters) – Japan’s power utilities on Friday called for an increase in the volume of the country’s strategic liquefied natural gas (LNG) buffer (SBL) to ensure a stable fuel supply amid lingering risk of supply disruptions due to heightened geopolitical risks.

The world’s second biggest LNG buyer after China, Japan has introduced the new SBL scheme for this winter to provide cover for any shortfalls in the event of an emergency, after last year’s energy crunch.

As an accredited provider of the SBL, Japan’s top power generator, JERA, will secure one cargo of LNG, about 70,000 metric tons, each month from December to February in preparation for the heating season.

Still, Japan should consider boosting the volume, Kazuhiro Ikebe, the chairman of Japan’s federation of electric utilities, told a meeting of the country’s LNG buyers, producers and traders with the industry ministry to discuss stable LNG supply.

“Considering Japan’s total LNG imports volume, the impact of a major supply disruption would be significant,” he said.

“So, public and private sectors should work together on further initiatives, including increasing the amount of the SBL,” he said, noting geopolitical risk amid continued war in Ukraine and the Israel-Hamas conflict in the Middle East.

JERA President Hisahide Okuda also said further discussions on the SBL are needed.

“We have to deepen the discussion on the volume of SBL and how the cost burden should be borne,” he said.

As for this winter, Yoshifumi Murase, Commissioner of the Agency for Natural Resources and Energy, said there is no immediate power crunch risk given the current fuel inventory levels.

LNG inventories held by major Japanese electric utilities were at 2.33 million metric tons as of Nov. 26, while those by city gas suppliers were at 2.4 million tons as of end-September, both above the five-year average, METI data showed.

Source: Nasdaq.com

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ENB #160 What is the United States afraid of? George McMillan, CEO of McMillian Associates, stopped by the Energy News Beat podcast.

Energy News Beat

I have to tell you that of all the podcasts that Michael Tanner and I have done; it seems like they are getting more critical and covering more ground in the energy market.

I had the honor to have George McMillian, CEO of McMillian and Associates, an unbelievable oil and gas, geopolitical, and industry thought leader. Wow, this two-hour podcast seemed like 5 min.

Thank you, George, for your commitment to humanity and our country. Any major energy company needs to contact you for your opinions on projects worldwide. You have been everywhere.

Reach out and follow George on his LinkedIn HERE: https://www.linkedin.com/in/george-mcmillan-5665b015/

Thank you again for your time. And I am excited about our future podcasts – Stu.

“Good will win in the long run; till then, it is painful.” – Stu Turley

Full articles, maps, and transcripts will be out on the energynewsbeat.co site.

Sit back, get the popcorn, and check out the video on X. HERE: https://x.com/STUARTTURLEY16/status/1730681590479548553?s=20

@X Full Video Podcast Early release with George McMillian, CEO, world and Energy Geopolitical expert. The beginning of a series with George. “What is the United States Afraid Of?” – Countries go to war over energy, and we need to understand #energysecurity to get a grasp of the… pic.twitter.com/AvDhrYoo9z

— STUART TURLEY (@STUARTTURLEY16) December 1, 2023

00:00 – Intro

02:48 – Investment Potential: Discussion about the potential for investors in the mentioned energy technology and the possibility of obtaining subsidies for base models.

07:20 – U.S. Strategy: Outlining the U.S. strategy to hinder Russian influence by obstructing pipelines to Western Europe and Asia, with concerns about shifts in alignment and potential exits from the petrodollar.

16:20 – Geopolitical Interconnectedness: Emphasis on understanding global strategies, like Alfred Mahan’s sea power theory, and the impact of infrastructure on economic, diplomatic, and military power. Turkey’s role in new pipeline developments is highlighted.

33:18 – U.S. Strategies based on Mahan: Discussion of U.S. strategies based on Alfred Mahan’s theories, including efforts to control key areas and influence elections in Eastern Europe. Energy vulnerabilities of South Korea and Japan are noted.

40:29 – China’s Silk Road Initiative: Explanation of China’s strategy to create overland logistical supply routes, reducing vulnerability to U.S. naval interdiction. The distinction between the Silk Road and Belt and Road initiatives is emphasized.

49:25 – India’s Strategic Importance: Highlighting India’s strategic importance in providing a shorter overland trade route for Russia and China, fostering economic interdependency and technology exchange.

54:02 – Hamas Attack: Reporting on a Hamas attack on Israel, designated as a terrorist organization by several countries, prompting an IDF response.

01:00:09 – Middle East Dynamics: Discussion of geopolitical dynamics, the Sunni-Shia conflict, and the strategic importance of the Middle East, focusing on funds, oil, and implications of U.S. actions, especially in relation to Iran and Saudi Arabia.

01:22:02 – Complex Geopolitical Landscape: Exploration of a complex geopolitical landscape involving economic, energy, and political factors, with a focus on challenges and intersections between secular and religious strategies in the Middle East.

01:31:13 – Consultancy Business Plan: George McMillan expresses a desire to form a consultancy business focused on geopolitical risk assessment and analysis for oil and financial companies, emphasizing the lack of understanding about Abrahamic religions and grand strategies in government institutions.

01:33:06 – Integrating Disciplines: Emphasis on the importance of integrating disciplines, particularly in economics and geopolitics. Discussion of theoretical model-building and the need to discard outdated theories in favor of a Hume Smith model.

01:35:04 – Outro

 

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Brazil to become member of OPEC+ coalition

Energy News Beat

Brazil will become a member of the OPEC+ coalition in January 2024, Brazilian Energy Minister Alexandre Silveira announced on Nov. 30, 2023.

The announcement was made during the rescheduled OPEC+ meeting convened to discuss the oil output strategy for 2024. The meeting took place against the backdrop of sluggish prices due to a fragile demand recovery in China, geopolitical uncertainties, and concerns about oil supplies.

In video footage from the meeting, Silveira disclosed that President Lula da Silva had given consent for Brazil to join OPEC+. ” I would like to conclude my words by informing you that the honorable President Lula confirmed our entry into the OPEC+ cooperation charter from January 2024,” he said.

“It is important that our technical crew analyzes the content of the document that we just received, the charter of the cooperation. It is part of our government protocol to do this,” he added.

At the time of the announcement, it was unclear whether Brazil would be required to implement production cuts as a condition of membership.

Both OPEC and the OPEC+ alliance are actively seeking new members, as the addition of alliance producers will increase the alliance’s market share and thus the impact of its coordinated policies on oil supply and prices.

The 37th OPEC and non-OPEC Ministerial Meeting will be held on June 1, 2024 in Vienna.

Source: Ogj.com

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China helps BRICS partner solve power outages

Energy News Beat

South Africa has received a shipment of 450 gasoline generators donated by China to ease the impact of severe power shortages in the country, local media reported on Thursday.

According to Electricity Minister Kgosientsho Ramokgopa, about 100 more generators are expected to arrive in the near term.

The equipment will be distributed to public service facilities across the country, according to an earlier statement from the government.

The generators will be used as backup to alleviate the impacts of load-shedding in the delivery of services in clinics, schools and courts, while the government continues to implement the energy action plan to ultimately end load-shedding and create sustainable energy security.”

The donation is a part of the Technical Assistance Program, which covers a raft of deals inked between Beijing and Pretoria on the sidelines of the BRICS summit in Johannesburg this past August. Apart from a donation of power-generating equipment worth $8.9 million, the program includes a grant of around $26.8 million intended to upgrade South Africa’s power transmission and distribution network.

South Africa has been grappling with a power crisis for years, with its state utility Eskom struggling to fully supply electricity due to frequent breakdowns at its coal-fired power stations, which led to record power cuts earlier this year.

Some experts note that there may be a deeper meaning to China helping South Africa overcome its energy crisis, despite Ramokgopa stating in an earlier interview that there are “no strings attached” to the program.

I don’t think there are strings attached, but there are expectations attached, and it is done with these expectations to oil the wheels of future business… I think this is more of a political signal. A signal that China is interested in cooperation with South Africa, that they have business interests here and want to expand those interests,” energy analyst Chris Yelland told 702 radio station.

Source: RT

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Russia’s biggest oil and gas exporters see revenues slump by 41%

Energy News Beat

Oil Price

Total revenues for Russia’s largest oil and gas exporters plunged by 41% between January and September compared to the same period last year, due to lower commodity prices and lower exports, Russia’s central bank said on Thursday.

Source: Oil Price

Oil and gas production and exports have dropped this year, the Bank of Russia said in a financial stability review on Thursday. Re-directing oil and gas exports requires significant investment, and changes in the nature of transactions are raising the lead times for receipt of payments.

“The process of moving away from the use of the U.S dollar and other “toxic” currencies in international payments continues,” the central bank said.

The move away from the dollar has impacted the supply and demand of currencies on the domestic market, the bank noted.

Over the first nine months of the year, the share of Chinese yuan in payments for Russia’s oil and gas exports jumped from 13% in January to 35% in September. The share of the exports in Russian rubles also remains significant – at 39% in September 2023, the Bank of Russia said.

Due to the significantly lower Russian natural gas exports to the EU, Russia’s natural gas production fell by 11.4% year-over-year between January and September.

Similarly, due to the EU embargo on Russian oil and fuels, the volume of oil exports via the system of pipeline monopoly Transneft declined by 8% annually in the first nine months of 2023, the central bank said.

During the same period, the average price of the flagship Russian crude grade, Urals, slumped by 26% compared to January-September 2022.

While Russia’s companies are feeling the pinch from lower commodity prices and lower exports, the Russian state continues to see a steady income from oil and gas exports.

Russia’s oil and gas revenues jumped in October, due to a cyclical surge in the profit-based tax, and more than doubled from September to $18.3 billion (1.635 trillion Russian rubles), data from the Russian finance ministry showed early this month.

By Charles Kennedy for Oilprice.com

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Opponents appeal decision to allow drilling under Ohio state parks and wildlife areas

Energy News Beat

Environmental groups filed an appeal Thursday, challenging recent decisions by an Ohio regulatory commission to allow drilling under a state park and two state wildlife areas.

Those decisions currently call for sections of Salt Fork State Park, Zepernick Wildlife Area and Valley Run Wildlife Area to be leased to the highest and best bidder, with the bidding period set to start in January.

Among other things, the groups say the Ohio Oil and Gas Land Management Commission failed to consider all of the factors it was required to weigh under state law. The groups also allege that the commission failed to provide an opportunity for public hearing under state law.

Plans to drill under Ohio state parks and wildlife areas were jump-started earlier this year by House Bill 507, which began as a two-page bill about poultry regulations and grew to more than 80 pages when lawmakers heaped in provisions about natural gas and other unrelated topics last December. Environmental groups challenged the constitutionality of the law earlier this year, and that case is still pending.

The new case appealing the commission’s decisions was filed on Nov. 30 with the Franklin County Court of Common Pleas. A notice of appeal was also filed with the Ohio Oil and Gas Land Management Commission.

Parties to the appeal include Save Ohio Parks, the Ohio Environmental Council, the Buckeye Environmental Network and Backcountry Hunters and Anglers. Lawyers at Earthjustice are acting as counsel, and the Ohio Environmental Council also has its own attorneys on the complaint.

HB 507 would have required approval of drilling under state-owned lands until the commission adopted a standard lease form and other rules to allow drilling on different parcels.

Now, under the law, Ohio statutory law calls for the commission to consider nine factors, including environmental impacts, effects on visitors or users of state-owned lands, public comments or objections, economic benefits and more. Commission Chair Ryan Richardson also recited those factors in an affidavit filed in the constitutional challenge case.

The opponents’ appeal alleges that the commission failed to duly consider all those factors. The commission also did not allow people attending the meetings to present testimony in opposition to particular proposals.

Even after the Ohio Oil and Gas Land Management Commission adopted rules this spring, comments by its members indicated they still viewed HB 507 as a legislative mandate preventing them from rejecting parcel nominations outright.

“We’ve been directed to open these lands up,” Richardson said at a Sept. 18 commission meeting.

In a similar vein, commission member Jim McGregor told the Energy News Network this summer, “we have a mandate from the legislature that says we shall lease public lands for fracking.”

The commission did not discuss all the statutory factors for voting either yes or no at its Nov. 15 meeting. Yet it voted to allow opening up lands under the state park and wildlife areas for bid next quarter. No written opinion explaining the decisions has been posted on the commission’s website.

“The commission is not required to submit a written opinion, and they are not expecting to write one,” said Andy Chow, spokesperson for the Ohio Department of Natural Resources, in response to a question by the Energy News Network the next day. “And there is no appeals procedure.”

“The Commission’s refusal to issue a written decision, failure to engage in meaningful discussion of the statutory criteria, and its belief that decisions are not appealable, show a concerning disregard for the process and rigor contemplated by their statutory mandates,” said Megan Hunter, a lawyer for Earthjustice who is representing opponents in the appeal and in the constitutional challenge case.

“As seen in the Commission’s meetings, the Commission did not publicly consider all nine statutory factors prior to opening up Salt Fork State Park, Valley Run Wildlife Area, and Zepernick Wildlife Area for oil and gas development. The Commission should be held accountable for this failing,” she added.

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Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled

Energy News Beat

Cybertruck deliveries are finally underway, with Tesla releasing prices and specs for the futuristic-looking vehicle. Tesla stock fell.
The post Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled appeared first on Investor’s Business Daily. 

The post Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled appeared first on Energy News Beat.

 

Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled

Energy News Beat

Cybertruck deliveries are finally underway, with Tesla releasing prices and specs for the futuristic-looking vehicle. Tesla stock fell.
The post Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled appeared first on Investor’s Business Daily. 

The post Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled appeared first on Energy News Beat.

 

Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled

Energy News Beat

Cybertruck deliveries are finally underway, with Tesla releasing prices and specs for the futuristic-looking vehicle. Tesla stock fell.
The post Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled appeared first on Investor’s Business Daily. 

The post Tesla Cybertruck Deliveries Begin Four Years After EV Unveiled appeared first on Energy News Beat.