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Episode 18Check out the free trial offers from our sponsor, DrillingInfo! www.globalenergymedia.com/diMarathon sells stake in Libya oil to Totalhttps://www.google.com/amp/mobile.reuters.com/article/amp/idUSKCN1GE0Y6Total has been making more “risky” deals lately – gas deal in Iran, oil deal in Libya – these are areas with high risks. Libyan dockworkers just went on strike,Marathon strategy in Permian MaA – consolidation of assets, swaps to make more effective use of resources. Sale to Total fits with this strategy.Total has longer term strategy – can afford to wait it out until Libya more stable. Marathon not interested in long game in Libya.Australia – Tesla powerwallNuclear power as a base load option – perhaps will become more attractiveMexico – leading candidate in presidential elections – Obrador – opposes privatization of Mexican oil industry that current President Pena Nieto began.https://www.wsj.com/articles/top-candidate-andres-manuel-lopez-obrador-plots-big-shake-up-for-mexicos-oil-industry-1520852400Elections will be in July. Uncertainty poses threat to ongoing privatization because companies are hesitant to jump into Mexico energy scene if their investments could be nationalized or nullified in the next election. Won’t want to put in millions of dollars and 5+ years of work to develop new oil resources in Mexico.Mexican refining situation is deteriorating but Obrador wants to focus on improving it. Problem is that refining margins are small.Forbes - GE Looks To Battery Storage For Power Boost - https://www.forbes.com/sites/ellenrwald/2018/03/11/ge-looks-to-battery-storage-for-power-boost/#abcc65e3b5e3Preorder “Saudi, Inc.” here! - https://www.amazon.com/Saudi-Inc-Arabian-Kingdoms-Pursuit/dp/168177660X