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Global geothermal industry passes 12,000 MW operational

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New project announcements have increased the resource under development to about 30,000 MW. Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen. GEA President Craig Mataczynski of Gradient Resources has challenged the industry to reach 5% of total US electricity production.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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Furthermore, several national oil companies, Venezuela’s among them, are building refineries with local partners in Asia, which will use their crude. They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq). Saudi confidence in their financial wherewithal is proving misplaced.