Hackers are attacking the electric grid

And computer scientists are trying to stop them. Hacking the grid. Sinelab Last September, news broke that hackers had laid siege to the U.S. power grid, probing deep into dozens of energy firms, looking for weaknesses to exploit. The Department of Homeland Security issued a threat warning about an ongoing stream of malware attacks that could… Please follow and like us:

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Most Asia markets down after New Year rally but Hong Kong runs on

The rally across Asia that welcomed in 2018 looked to have run out of steam on Wednesday with most markets slipping into the red on profit-taking but energy shares climbed with another surge in oil prices. Strong economic fundamentals and corporate earnings as well as optimism about the impact of Donald Trump’s massive US tax cuts… Please follow and like us:

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Job cuts: Good news and maybe some bad

Last year, the fewest number of job-cut announcements since 1990 were announced. That’s despite the large number of store closings — more than 7,400 — and retail job losses, Chicago-based consulting employment company Challenger, Gray & Christmas said. But the fewer cuts last year may indicate a dire risk for this year: more job cuts. “The… Please follow and like us:

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Trump administration moves to expand oil and gas drilling off US coasts

The Trump administration, inviting a political backlash from coastal state leaders, on Thursday proposed to open for exploration the largest expanse of the nation’s offshore oil and natural gas reserves ever offered to global energy companies, including waters off the coast of California. Interior Secretary Ryan Zinke said the draft five-year leasing plan would commit 90… Please follow and like us:

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2nd line of China-Russia oil link starts

The second line of the China-Russia oil pipeline began commercial operation on Monday, another step in diversifying China’s energy supply and ensuring its energy security, according to China National Petroleum Corp, the country’s biggest oil producer. With an annual capacity of 15 million metric tons, the project is expected to double China’s annual imports of Russian… Please follow and like us:

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Energy prices bump key US inflation index up in November

Rising prices for energy and other goods nudged a closely watched measure of US inflation a little higher in November, according to new data published Thursday. The modest uptick could offer comfort to Federal Reserve policymakers who raised the benchmark interest rate this month for the third time in 2017 despite a long streak of weak… Please follow and like us:

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Pakistan Examines Chinese Proposal to Replace Dollar with Yuan

Officials in Pakistan say a Chinese proposal to replace the U.S. dollar with yuan for bilateral trade is under consideration. Beijing has already committed to investing around $60 billion in the country by 2030 under a long-term plan of development cooperation with Islamabad, known as the China Pakistan Economic Corridor, or CPEC. Bilateral trade between the… Please follow and like us:

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Alaska Lawmakers Want To Drill For More Oil

In order to fight climate change and help cover the expensive burden, Alaskan lawmakers have come up with a solution: drill more. Republican Senator Lisa Murkowski, who supports drilling in Alaska’s Arctic National Wildlife Refuge, voiced her long-held opinion during a hearing of the Senate Committee on Energy and Natural Resources. During the November 2 meeting,… Please follow and like us:

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China-Russia economic ties enhanced by trade and big projects

Editor’s Note: Russian Prime Minister Dmitry Medvedev wrapped up his three-day China trip on Nov 2 with nearly 20 deals in investment, energy and space exploration and agreed with Premier Li to advance pragmatic cooperation between the two countries. With current Sino-Russian relations in the best period of history, Medvedev said Russia is willing to enhance… Please follow and like us:

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Energy, trade, regulations: All connected

Candidate Trump laid out a four-point program of tax reform, trade reform, regulatory reform and energy reform for jump-starting the American economy. President Trump is making good on his promise, though you’d never know it by watching corporate media fake news: He’s put forward a proposal for reforming our stultifying, byzantine tax code. He withdrew from… Please follow and like us:

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Infrastructure, Jobs And Economic Growth

We’ve posted quite a bit recently about the need for streamlining the federal permitting process for energy infrastructure (see here and here). An API study earlier this year estimated investments in needed natural gas and oil infrastructure could total more than a trillion dollars and potentially generate more than 1 million jobs through 2035. That’s a… Please follow and like us:

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Opec – Russia dogged by US sanctions at Abu Dhabi Opec conference

The world’s oil-exporting nations discussed their failure to limit production at a meeting of the oil-producers’ cartel, Opec, and non-Opec members in Abu Dhabi that kicked off on Monday. The two-day meeting, chaired by Kuwait and Russia, came as Moscow faced tough new sanctions from the US for allegedly meddling in last year’s American presidential election.… Please follow and like us:

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Commentary: BRICS ready to play its role in global governance

BEIJING – There is less than 30 days till the ninth BRICS summit in Xiamen in September when the organization’s role in global governance, a faltering economic recovery and setbacks in globalization will be the issues of greatest concern. “BRICS: stronger partnership for a brighter future” will bring together the leaders of Brazil, Russia, India, China… Please follow and like us:

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Xi: China, Canada must enlarge trade

President Xi Jinping and Governor General David Johnston of Canada witness the signing of cooperative documents at Diaoyutai State Guesthouse in Beijing on Thursday, Xi said the two nations have wide common interests. Wu Zhiyi / China Daily China and Canada should initiate negotiations on a free trade agreement as soon as possible, President Xi Jinping… Please follow and like us:

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China, Russia embrace new opportunities for economic cooperation

BEIJING — For online shoppers in Russia, the go-to website is neither Amazon nor a local e-commerce portal, but AliExpress, an e-commerce site run by China’s Alibaba Group. Over 22 million visitors logged onto the site in January 2017, making it the most popular e-commerce site in Russia, leaving local counterparts such as Ozon.ru and Eldorado.ru… Please follow and like us:

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