Warren Buffett Is On The Lookout For Oil Industry Bargains

Two publications this week came out with headlines that Warren Buffett predicted the current oil price crash. Both referenced a 2016 interview of Buffet for CNBC where, the publications claim, he had made his prediction. One of the publications also argued that Buffet might use his billions to bail out U.S. oil. But first, did he really predict the crash? Not if you take the time to watch the whole interview. What Buffett talks about in the 2016 interview is, plain and simple, the benefits and dangers of low oil…

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Businesses to open four days a week in Sindh, announces CM Shah

Sindh Chief Minister Murad Ali Shah has announced that businesses in the province will open four days a week from 9am to 3pm. As per details, the decision has been taken during a meeting of the Sindh cabinet which was chaired by Murad Ali Shah. It has been decided that all shops, including grocery and others will operate from Monday to Thursday from 8am to 5pm. The Sindh government will also issue SOPs for the businesses which will be implemented immediately. In case of any violation of the SOPs, the…

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$110 Trillion Renewables Stimulus Package Could Create 50 Million Jobs

As the world continues to grapple with the worst global pandemic in living memory, economists everywhere are warning that we are witnessing the unraveling of something far grimmer than the 2008 financial crisis: the Great Depression 2.0. The signs are legion: Unprecedented levels of job and capital destruction, decimated consumer spending, underperformance by nearly all major financial markets, and a breakdown in the world fiscal order. Even giant economic powerhouses have not been spared, with California–one of the wealthiest states in the United States thanks to its booming tech sector–having…

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Trump’s Idea to Disinfect Lungs Leaves Medical Experts Aghast

President Donald Trump returned to the lectern Thursday after a government scientist’s presentation about studies showing that sunlight, humidity and disinfectants kill the coronavirus on surfaces — in some cases within seconds. What Trump suggested next later sparked warnings from doctors and manufacturers of household cleaners. Bill Bryan, an undersecretary at the Homeland Security Department, told reporters during the White House’s daily task force briefing that research had shown bleach could kill the virus in saliva or respiratory fluids in five minutes and isopropyl alcohol could kill it even more…

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Sunlight and humidity kill coronavirus the fastest: US scientists

US scientists say coronavirus dies the fastest when it is exposed to direct sunlight, though a study cited has not yet been made public and awaits external evaluation. William Bryan, science and technology adviser to the Department of Homeland Security, told reporters at the White House on Thursday that government scientists found ultraviolet rays had a potent impact on the pathogen, offering hope its spread may ease over the summer. “The virus dies quickest in the presence of direct sunlight,” “Our most striking observation to date is the powerful effect…

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NTDC wins legal battle against Iranian company

LAHORE: National Transmission and Despatch Company (NTDC), a company falling under the Ministry of Energy (Power Division), has prevailed in an international commercial arbitration initiated by an Iranian company (GAM ARAK Ind. Co.) in 2017 before an arbitral tribunal constituted under the rules of the International Chamber of Commerce (ICC), Paris. According to the NTDC spokesman, “In its detailed award released on 24 April 2020, the arbitral tribunal has dismissed all claims brought by the Iranian company and accepted and granted several counterclaims of NTDC amounting to approximately Rs714 million ($4.5…

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Energy’s Future – Battery and Storage Technologies

But battery and storage technologies have had a hard time keeping up. And they are critical for any success in a carbon-constrained world that uses intermittent sources like solar and wind, or that worries about resilience in the face of natural disasters and malicious attempts at sabotage. This was pressed home this week by the Department of Energy’s decision to build a multimillion dollar electric grid research complex at the Pacific Northwest National Laboratory. And better, larger batteries are a main component of this research. Jud Virden, PNNL Associate Lab…

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India concludes world’s largest renewables-plus-storage tender at $0.0566595/kWh

Thermal power has had its day in India, the head of a national PV trade body has claimed after the Solar Energy Corporation of India (SECI) concluded what it called the world’s largest renewables-plus-energy-storage capacity tender. The procurement exercise was held to contract 1.2 GW of capacity in the form of assured supply of 600 MW of clean power for six hours daily during peak demand hours – 5.30-9.30am and 5.30pm-12.30am – on a day-ahead, on-demand basis. The successful bids comprised at least 3 GWh of energy storage capacity –…

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International court rules in favor of NTDC against Iranian co

The National Transmission and Dispatch Company Limited (NTDC) have won a major victory against an Iranian company in the international arbitration tribunal. The international arbitration court has ordered the Iranian company to pay Rs720 million in interest as compensation for leaving a project unfinished in Pakistan. The case between NTDC and the Iranian company was pending in the ICC International Arbitration Court in Paris. The Iranian company had abandoned the construction of the 500 KV Guddu Multan transmission line. Following the termination of the contract by NTDC, a case was…

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Smart lockdown to help end virus, troops not taking allowance: ISPR

RAWALPINDI: Pakistan’s military leadership has taken serious note of Indian aggression on the Line of Control (LoC) and irresponsible statements of their Indian counterparts.Director General Inter-Services Public Relations (ISPR) Major General Babar Iftikhar said this while speaking at a news briefing after a special conference of Principal Staff Officers chaired by Chief of Army Staff General Qamar Javed Bajwa here on Friday.Sharing details of the meeting, DG ISPR Major General Babar Iftikhar said the Indian side has recently intensified ceasefire violations. He said at a time when world is uniting…

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