The US Department of Energy along with General Motors and Rio Tinto are investing heavily in newer technologies that could potentially revolutionize the way lithium is produced for electric vehicle batteries. As of now, these technologies are yet to prove… Read More ›
energy secretary
U.S. Energy Department readies $40 billion in loan to transition towards clean energy
In a significant development U.S. Energy Secretary Jennifer Granholm stated, Washington is ready to reactivate a loan program which could see more than $40 billion channelized towards clean energy. “I am ready to rev those engines back up so that… Read More ›
Saudi Arabia raises prospects of ditching USD to stop NOPEC bill
If Saudi Arabia were to in fact go ahead with the move it would have significant geo-economic and geo-strategic changes. Riyadh depends on the United States militarily to defend itself against arch rival Iran. In a significant development, Saudi Arabia… Read More ›
Trump aims to bring down oil prices ahead of Nov. 6 Congressional elections
U.S. & Saudi energy ministers are scheduled to meet in Washington to discuss ways to boost output and lower global oil prices. On the negotiating table is Saudi Arabia’s long demand for a civilian civil nuclear cooperation which will enable… Read More ›