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b'Episode 18

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Marathon sells stake in Libya oil to Total
https://www.google.com/amp/mobile.reuters.com/article/amp/idUSKCN1GE0Y6

Total has been making more \\u201crisky\\u201d deals lately \\u2013 gas deal in Iran, oil deal in Libya \\u2013 these are areas with high risks. Libyan dockworkers just went on strike,

Marathon strategy in Permian M&A \\u2013 consolidation of assets, swaps to make more effective use of resources. Sale to Total fits with this strategy.

Total has longer term strategy \\u2013 can afford to wait it out until Libya more stable. Marathon not interested in long game in Libya.

Australia \\u2013 Tesla powerwall

Nuclear power as a base load option \\u2013 perhaps will become more attractive

Mexico \\u2013 leading candidate in presidential elections \\u2013 Obrador \\u2013 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-1520852400

Elections 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\\u2019t 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/#abcc65e3b5e3

Preorder \\u201cSaudi, Inc.\\u201d here! - https://www.amazon.com/Saudi-Inc-Arabian-Kingdoms-Pursuit/dp/168177660X

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