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U.S. senators seek probe of Trump admin nuclear energy talks with Saudi Arabia

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“They also asked the GAO to review executive branch negotiations with Saudi Arabia on nuclear energy since 2009, when Democrat Barack Obama was president” writes Midwest Communications Inc for 95kqds.com. U.S. Energy Secretary Rick Perry has had quiet talks with Saudi officials, including his friend, Energy Minister Khalid al-Falih, on nuclear power.WASHINGTON (Reuters) – A Democratic U.S. senator and his Republican counterpart on Friday asked Congress’ investigative arm to probe Trump administration talks with Saudi Arabia over sharing nuclear power technology. Source: 95kqds.com

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News Oil 

All the world a stage: Rising U.S. oil clout on show in Houston

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“HOUSTON (Reuters) – A glance at the attendee list at one of the world’s largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics” writes Midwest Communications Inc for 95kqds.com. Washington’s growing influence, she added, has already started to shift oil politics among allies and adversaries across the world.It turned out to be an empty threat, and a reflection of how OPEC had struggled to deal with the surge in U.S. energy production.So far, that bet has…

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Markets News Oil 

Venezuela’s falling oil supply is a major ‘challenge’ to global energy markets

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“A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets” writes Callum Burroughs for businessinsider.com. State-owned oil producer PDVSA’s bonds rose sharply in January after some of the world’s biggest economies backed the leadership challenge.The International Energy Agency (IEA) has warned that crude supplies from Venezuela are at risk of falling sharply in the midst of an electricity crisis which has paralyzed the country recently.Other OPEC and non-OPEC nations have stepped in to plug the gap in…

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UBS Global Wealth Management president says the future of US citizens is at risk if we don’t repair decaying bridges and outdated transit systems

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“But these tools will be virtually useless without modernized telecommunications and energy infrastructure” writes Tom Naratil for businessinsider.com. That’s why 65% of high net worth investors and 61% of business owners want utilities to be a focus of infrastructure improvements.Small business owners and high net worth investors agree: 81 percent of both groups believe infrastructure investments are the key to long-term economic growth.These jobs will require state-of-the-art energy infrastructure to flourish. Source: businessinsider.com

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The oil industry “leads the pack by a mile,” with the American Petroleum Institute accounting for nearly half the total.

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“While corporate lobbying gets a lot of attention, it is on these other influence services that business and energy trade groups often spend the big bucks” writes unknown author for huffpost.com. The figure dwarfs the combined $98.4 million that renewable energy trade groups, including the American Wind Energy Association and the Solar Energy Industry Association, spent during the same period.Fossil fuel and other corporate trade groups paid public relations and advertising firms at least $1.4 billion from 2008 to 2017 to help them win over the American public. Source: huffpost.com

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Large-scale solar power set for double-digit growth: Goldman Sachs

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“Solar power has been booming not just because of government and corporate sustainability targets, but also thanks to a sharp drop in panel prices in recent years” writes Midwest Communications Inc for 95kqds.com. SINGAPORE (Reuters) – Utility-scale solar power capacity is expected to grow by double digits globally in 2019 and 2020, driven by expansions in the United States, Europe, Middle East and China, U.S. bank Goldman Sachs said on Thursday.Solar power is the fastest growing source of electricity generation, taking market share from fossil fuels like thermal coal and…

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German-owned Big Six suppliers plunge into the red

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“A pair of German-owned Big Six energy suppliers have plunged to a loss as the cap on standard energy bills takes it toll on supplier profits” writes Tim Wallace for telegraph.co.uk. The owners of Npower and E.ON UK both revealed losses for their British supply arms, which also face unprecedented competition from a growing number of nimble new entrants. Innogy warned investors that its UK supply business would continue… Source: telegraph.co.uk

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News Oil Platforms 

Underwater mudslides are the biggest threat to offshore drilling, and energy companies aren’t ready for them

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“In fact, however, the worst-case scenario for an oil spill catastrophe is not losing control of a single well, as occurred in the BP disaster” writes The Conversation for businessinsider.com. Oil companies spend billions of dollars to install and operate offshore platforms, but typically resist requests to use their infrastructure for monitoring the marine environment.Like generals planning for the last war, oil company managers and government inspectors tend to believe that because they survived the 2010 BP Deepwater Horizon oil spill, they are ready for all contingencies. Source: businessinsider.com

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Crypto News 

Major UK Energy Company Acquires Stake in Blockchain Firm Electron

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“Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza” writes Ana Alexandre for cointelegraph.com. Kaluza —  an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in Electron, a London-based energy tech company that uses blockchain technology.The move aims to facilitate Electron’s deployment of distributed energy trading platforms.The new investment from OVO is reportedly the first since Mitsubishi acquired a 20 percent stake in the firm.OVO is reportedly the…

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New fuel cell could help fix the renewable energy storage problem

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“They both focused on making improvements to the air electrode, because the nickel-based fuel electrode did a good enough job” writes Robert F for sciencemag.org. Another option is to store the energy by converting it into hydrogen fuel.When both teams run their setups in reverse, the fuel electrode splits H molecules into protons and electrons.Their ceramic alloy electrode, made up of five elements, harnesses as much as 98% of the energy it’s fed to split water. Source: sciencemag.org

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