GRAPHITTI
NEWS collates national and international highlights from late-breaking news,
up-coming events and the stories that will be talked about Monday:
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Water and Sanitation
Minister Nomvula Mokonyane and President Jacob Zuma.
GCIS. The minister has made controversial statement about how SA cabinet members would defend Zuma ...with their buttocks! It is not explained whether she was speaking figuratively or literally.
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1.
YOBE THREATENS SANCTIONS FOR ABSENTEE TEACHERS, STUDENTS
The
Yobe State Ministry of Education has warned that it would take stringent
measures against teachers who would fail to report to their duty posts on
the next resumption date.
The
state Commissioner for Education, Alhaji Muhammad Lamin, told the News Agency
of Nigeria (NAN) in Damaturu on Monday that the state government could no
longer afford negative attitudes capable of sabotaging education in the
area.
He
said: "Yobe State is educationally disadvantaged and cannot afford
more negative attitudes capable of sabotaging government efforts in moving
education forward.
2.
SANCTIONS AGAINST RUSSIA COULD SPUR US$150/BARREL OIL – FORMER BP CHIEF
Western
sanctions against Russia, coupled with ongoing political instability in Libya
and the advance of ISIS militants in Iraq, could leave the global oil supply
exposed and push up oil prices to US$150 per barrel, former BP chief Tony
Hayward has warned.
The
former CEO of BP and now chairman of Glencore Xstrata said the recent boom in
US shale production has painted an unrealistic image of the world’s global oil
supply, and created a false sense in energy security.
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“The
world has been lulled into a false sense of security because of what’s going on
in the US,” Hayward said in an interview with the Financial Times.
The
hydraulic fracturing boom in the US began in 2008 and has increased US crude
output by 60 percent, but Hayward warned it could wane.
“When
US supply peaks, where will the new supply come from?” Hayward said.
Instability
in oil producing countries in the Middle East, such as Libya and Iraq, in
theory would have driven up oil prices to US$150 per barrel, had it not been for
the new supply from North America.
So
far, Brent crude has fallen from about US$108 a barrel at the start of the year
to about US$97 today.
Hayward
said oil supplies from the North Sea and Alaska are nearing maturity, and the
world oil supply is dependent on new wells in places such as Russia, Iraq, and
Canada.
Rosneft's
Bazhenov field may be even larger than the North Dakota Bakken shale shelf,
which currently produces 1 million barrels of oil per day and has brought about
the shale revolution in the America.
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In
this Friday, Sept. 12, 2014 photo, U.S. Secretary of State John Kerry, left,
speaks to the media with his Turkish counterpart Mevlut Cavusoglu in Ankara,
Turkey. Kerry is in Ankara to press Turkey to join an international coalition
against the Islamic State. (AP Photo/Burhan Ozbilici)
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3.
DIPLOMATS FRAME STRATEGY TO COMBAT ISLAMIC STATE EXTREMISTS
U.S.
Secretary of State John Kerry says nearly 40 countries have agreed to
contribute to a worldwide fight to defeat the militants before they gain more
territory in Iraq and Syria.
4.
WHERE ISLAMIC STATE MILITANTS GET FUNDS
The extremist group earns
more than US$3 million a day from oil smuggling, human trafficking, theft and
extortion, according to U.S. intelligence officials and private experts.
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