Latest News for Journey Energy Stock (OTC:JRNGF)

Journey Energy

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

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JOURNEY ENERGY INC by Journey Energy Inc.

Journey Energy Inc

SpaceX CEO Elon Musk has been lauded for launching Starlink&#8217;s <a href="https://www.benzinga.com/news/24/05/38808661/did-solar-storm-zap-starlink-satellites-after-musks-warning-heres-what-happened">satellite internet service</a> in Indonesia, a move aimed at enhancing connectivity in the country&#8217;s remote areas.
What Happened: On Sunday, Musk along with Indonesian Health Minister&nbsp;Budi Gunadi Sadikin, introduced the Starlink&nbsp;service for the nation&#8217;s health&nbsp;sector. With its vast population exceeding 270 million spread across three time zones, Indonesia stands to benefit significantly.
The tech mogul shared a video of him speaking with the press at the launch on X, formerly Twitter, and said, &#8220;Bringing connectivity to remote communities radically improves access to education&nbsp;and economic opportunities.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bringing connectivity to remote communities radically improves access to education and economic opportunities <a href="https://t.co/hDVYvpRDKZ">pic.twitter.com/hDVYvpRDKZ</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1792309903367061625?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
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On social media, several users praised Musk for his efforts. One person said,&nbsp;&#8220;It's amazing to me how&nbsp;the Left can despise Elon&nbsp;so much when pretty much&nbsp;everything he's doing is what&nbsp;they claim to want. Electric&nbsp;cars to save the environment.&nbsp;Internet connectivity to the underprivileged.&nbsp;Do they hate free speech&nbsp;SO MUCH that it outweighs&nbsp;all the good?&#8221;
Another user stated,&nbsp;&#8220;This is how you expand&nbsp;human consciousness. Everybody deserves a fair chance.&#8221;
A third individual simply&nbsp;said, &#8220;Changing the world one&nbsp;day at a time. Thanks!&#8221;
Why It Matters: Indonesia is the world&#8217;s largest archipelagic nation with over 735,000 square miles of territory. The country is made up of more than 17,000 islands. Its five main islands are Sumatra, Java, Sulawesi, parts of Borneo, and New Guinea.
Musk&#8217;s <a href="https://www.benzinga.com/news/24/05/38890509/looking-forward-spacex-ceo-elon-musk-blasts-off-to-indonesia-in-debut-visit-for-starlink-launch">visit to Indonesia was his first</a>. The billionaire arrived on the Indonesian resort island of Bali by private jet before attending the launch ceremony at a community health center in the provincial capital, Denpasar. He was dressed in a green batik shirt.
The service&nbsp;was launched at three Indonesian&nbsp;health centers,&nbsp;including two in Bali and&nbsp;one on the remote island&nbsp;of Aru in Maluku, reported Reuters. Starlink&#8217;s high internet speeds enable real-time data input to better address&nbsp;health challenges such as stunting&nbsp;and malnutrition. 
<a href="https://www.benzinga.com/government/23/02/30662005/indonesia-president-confident-of-winning-tesla-ev-plant-investment-courtesy-of-battery-reserves-and">Indonesia has been trying to attract</a> Musk&#8217;s electric vehicle company,&nbsp;Tesla Inc.,&nbsp;to build manufacturing plants related&nbsp;to electric vehicles, as the government aims&nbsp;to develop its EV sector&nbsp;using the country&#8217;s rich nickel&nbsp;resources.
When asked about this, Musk said, &#8220;We are focusing this event on Starlink and the benefits that connectivity brings to remote islands.&#8221; Indonesia marks the third Southeast Asian country where Starlink will be operational. Last year, Malaysia granted the firm a license to offer internet services, while in 2022, a Philippine-based company struck a deal with SpaceX.
On Monday, Musk is slated to meet with Indonesian President Joko Widodo, during which he will also speak at the World Water Forum being held on the island.
Photo courtesy: Shutterstock
Check out more of&nbsp;Benzinga's&nbsp;Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38887772/google-seeks-to-repeat-chromebook-success-in-education-by-rolling-out-gemini-ai-for-schools-promises?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Seeks To Repeat Chromebook Success In Education By Rolling Out &#8216;Gemini&#8217; AI For Schools, Promises Enhanced Data Privacy</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Tech

Tesla CEO Elon Musk Gets Praise For Launching Starlink Services In World's Largest Archipelagic Nation Indonesia: 'Changing The World One Day At A Time'

Ahead of the 2024 presidential election, Paul Krugman has raised questions about whether falling gas prices will positively influence President Joe Biden&#8216;s poll numbers.
What Happened: Paul Krugman, a renowned American economist, raised doubts about whether falling gas prices would benefit President Joe Biden&#8216;s poll numbers. According to a post on X on Sunday, Krugman highlighted the political influence of gas prices despite presidents having minimal control over them.
&#8220;One factor I think is being underrated in political analysis is the price of gasoline. It &#x2A;shouldn&#8217;t&#x2A; be a political issue, since presidents have very little influence,&#8221; Krugman wrote. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One factor I think is being underrated in political analysis is the price of gasoline. It &#x2A;shouldn&#39;t&#x2A; be a political issue, since presidents have very little influence. But in practice it is; and may be one reason Biden&#39;s polls haven&#39;t improved as much as hoped 1/ <a href="https://t.co/yuBTB9Eevf">pic.twitter.com/yuBTB9Eevf</a>
&mdash; Paul Krugman (@paulkrugman) <a href="https://twitter.com/paulkrugman/status/1791831165218820388?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
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Krugman noted that futures prices indicate a significant drop in gas prices in the near future. He also pointed out that gas is not historically unaffordable, referencing a comparison of gas prices as a percentage of median weekly earnings.
However, Krugman emphasized that partisanship often distorts public perception, even for widely visible prices like gas. He cited a poll where 42% of Republicans believed gas prices were rising last December, despite a prolonged decline.
Krugman concluded by questioning whether the expected drop in gas prices would aid Biden or if many would ignore the reality of the situation. &#8220;So will gas prices help Biden? Or will large numbers of people refuse to believe their own eyes?&#8221; he asked, 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So will gas prices help Biden? Or will large numbers of people refuse to believe their own eyes? 5/
&mdash; Paul Krugman (@paulkrugman) <a href="https://twitter.com/paulkrugman/status/1791833426976211292?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/asia/24/05/38837883/teslas-top-rival-byd-reveals-starting-price-of-hybrid-electric-pickup-in-mexico-launch-yes-its-a-lot?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Top Rival BYD Reveals Starting Price Of Hybrid Electric Pickup In Mexico Launch — Yes, It&#8217;s A Lot Cheaper Than The Cybertruck</a>
Why It Matters: The debate over gas prices comes amid a broader discussion about the U.S. economy under Biden&#8217;s administration. In a recent interview, Biden claimed he had already <a href="https://www.benzinga.com/government/24/05/38724294/biden-says-hes-already-turned-economy-around-blames-corporate-greed-for-persistently-high-inflation">turned the economy around</a>, attributing persistent inflation to &#8220;corporate greed.&#8221;
In April, Krugman dismissed <a href="https://www.benzinga.com/news/24/04/38395855/is-inflation-taking-off-again-paul-krugman-dismisses-fears-citing-atlanta-fed-survey">fears of rising inflation</a>, citing a survey by the Atlanta Federal Reserve that showed stable inflation expectations.
Additionally, global gasoline demand growth is projected to halve by 2024 due to the <a href="https://www.benzinga.com/news/24/05/38634852/global-gasoline-demand-growth-to-halve-by-2024-amid-rising-ev-demand-in-china-us">increasing adoption of electric vehicles</a> in the U.S. and China, which could further impact gas prices.
Despite these economic factors, a recent poll revealed that 51% of Americans believe they were better off financially during former President Donald Trump&#8216;s tenure, even though Biden&#8217;s administration has overseen <a href="https://www.benzinga.com/news/24/05/38908073/trump-vs-biden-poll-reveals-surprise-preference-for-one-candidate-over-other-when-it-comes-to-econom">significant economic growth</a> and the best job market since the 1960s.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38887983/stanley-druckenmiller-sells-off-72-of-nvidia-stake-bets-big-on-these-type-of-stocks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Stanley Druckenmiller Sells Off 72% Of Nvidia Stake, Bets Big On These Type Of Stocks</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Will Falling Gas Prices Boost Biden's Popularity? Nobel Laureate Paul Krugman Has This To Say

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Latest News for Journey Energy Stock (OTC:JRNGF)

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