Bill Gates able kick Melinda French Gates foundation payment if "either of us decides they can't work together anymore" in the next two years - Bill Gates can remain in charge of the foundation that he shares so far with his former partner Melinda French Gates, if either of them decides during the next two years that they can not continue working together.

The CEO of the Bill & Melida Gates Foundation Mark Suzman announced on Wednesday July 7 in a press release that both remain committed to the cause of the foundation, but have "agreed to take a step further" to ensure the continuity of it.

If in these two years any member of the philanthropist couple decides that they can no longer serve as joint co-directors, Melinda French Gates will resign and receive a payment from Bill Gates that will come out of his pocket, not from the endowment of the foundation.

Bill Gates able kick Melinda French Gates foundation payment

Despite ensuring that both Melinda and Bill have demonstrated their commitment to the foundation publicly and privately since their divorce, Suzman's announcement clarifies who will maintain control of the foundation if their relationship goes sour.

Bill Gates able kick Melinda French Gates foundation payment: The foundation's announcement also details that new independent trustees will join the foundation's cause. So far, only Bill and Melinda were listed as guardians of the foundation's money along with their friend Warren Buffett.

Buffett announced last June that he was leaving the foundation, adding tension to a personalist foundation that is now doomed to evolve away from the family protection of the Gates.

Bill Gates able kick Melinda French Gates foundation payment

The foundation's new trustees will bring "new perspectives and help guide the foundation's resources and strategic direction," according to Suzman, who has also clarified that both he and the foundation's COO will oversee the process of finding new patrons.

While this search takes place, the foundation will have 12,700 million extra euros that Bill and Melinda have dedicated to its creation, an endowment that will be allocated to the fight against poverty, disease and inequality, according to Suzman's statement.

Bill Gates able kick Melinda French Gates foundation payment

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Experts see oil heading towards $ 80 or $ 100: so it can have a direct impact on the price of gasoline

The price of oil is up almost 60% since the beginning of the year after several events that have pushed prices upwards above $ 75 a barrel.

But the escalation is even more disproportionate if you look a little further back: since it hit the ground on April 22 last year at $ 18.99 per barrel, the price of Brent has skyrocketed by 308.48%.

The reduction of coronavirus confinement measures has led to a sharp increase in demand for black gold as the global economy rebounded strongly after the sharp fall caused by the pandemic in 2020. What can be expected from oil and what impact can it have on derivatives that affect the daily economy such as gasoline?

The source has consulted several experts to decipher the scenario that can be observed from now on both the price of crude oil and the impact directly when filling fuel at gas stations.

As a starting point, with the increase in demand there is a deficit of barrels in the market of between 2.3 and 2.5 million barrels per day. According to Goldman Sachs, the world economy desperately needs an additional 5 million barrels per day to avoid critically low inventories. There is a large supply deficit.

"We must add to that that OPEC + canceled on Monday its third attempt to reach an agreement on the management of oil policy for the coming months. This could trigger a new oil price war,” says Sergio Ávila, a market analyst at IG.

UAE wants OPEC + 's aggregation of more supply to the market to depend on the group recognizing that the UAE's baseline for cuts was too low and"unfair."

Julius Baer's team argues that uncertainty seems to prevail after the shocking outcome of the last meeting of oil nations and their inability to reach consensus on the future of their supply agreement. "Without agreement, production and export levels apparently remain unchanged according to the overall framework, creating the impression that the group does not shy away from over-tightening the market and artificially propping up prices,” he notes.

Therefore, as oil expectations depend on consumption and demand, experts see that the upward path of oil is not over.

” The current scheme anticipates a recovery of inventories and the production forecast anticipates a shortage that affects the price of the barrel; specifically, it can move upwards towards 80 and 100 dollars, " says Darío García, an analyst at XTB.

” Last Tuesday, June 1, the chart warned us that the price was breaking a triangle at the top, which marks a theoretical goal of rising towards the environment of $ 80.40 per barrel, while it is above $ 64.50, it will most likely end up reaching the goal, " Avila agrees.

José Luis Herrera, market analyst at Banco Big España, for his part, reveals that the 77 dollars per barrel (taking West Texas as a reference) means going back to 2018 prices, a level that is the closest resistance zone and where the price could stop in the short term.

“At a time of inflationary pressures, high oil prices could pose a threat to economic recovery, as they directly affect consumers, and prolonged inflation could lead to the withdrawal of stimuli,” he describes.

And can this last long? According to José Luis Carpatos, director of investments of Gloversia Eafi not too much: “We must take into account that oil has a very high correlation with inflation so nobody is interested, in the

However, this upward price pressure in the short and medium term will continue to affect distillates, such as gasoline. Its price has skyrocketed above 1.31 euros in Spain, levels that were the highs of 2018 and 2019, respectively, and that now could break upwards.

” The increase in the price of gasoline could be higher than what we have seen before, " Garcia anticipates.

In Spain, approximately one third of the price of gasoline depends on the price of the barrel of oil –the rest are taxes–, so it will be affected by the upward situation of oil, as experts point out.

In Spanish territory they affect tax burdens on fuels such as VAT, the Hydrocarbon Tax or Special Tax on Fuels( IE), which in turn is divided into 3 elements: General State Tax, Special State Tax and regional tranche.

Together, the price of a barrel influences 38.60% of the price of gasoline and 44.06% in diesel.

Thus, in keeping with those target prices on the part of the consensus, it might not be shocking to refuel at prices above EUR 1.40 and EUR 1.45 per litre at some point in the course of this year.

For Ávila it is to be expected that, indeed, the irremediable rise in the price of oil will affect the price of gasoline directly in those percentages. ” This will result in greater inflationary pressures, " he warns.

“In addition, the increased demand due to higher consumption of gasoline seasonal for the holiday period tends to cause an increase in added prices, so unfortunately we will have to fill the tank, this year will not be different, and it should be expected a rebound in prices,” concludes Herrera.