Goldman Flags Tightening Power Grid In Texas Amid Rapid Data Center Growth

"We Must Act": TotalEnergies CEO Joins Calls To Rewire Gulf Energy Flows Around Hormuz The Strait of Hormuz was disrupted or nearly closed for roughly three and a half to four months, offering Gulf states aligned with the U.S. one clear message: energy flows - or tanker transits - must be rewired through pipeline networks that bypass the maritime chokepoint. By creating alternative pipeline export routes through the UAE, Iraq, Saudi Arabia, Kuwait, Syria, Oman, or Turkey, regional producers can reduce the risk that Tehran can once again use Hormuz...

Duffy Claims Gas Prices Will Fall Immediately After Hormuz Reopens Authored by Tom Ozimek via The Epoch Times, U.S. Transportation Secretary Sean Duffy said on Sunday that gasoline prices should begin to decline “immediately” once shipping resumes through the Strait of Hormuz, pushing back against analyst warnings that relief for consumers could take months. Duffy, speaking on ABC’s “This Week” program on May 3, acknowledged that prices may take time to return to pre-war levels but said reopening the critical oil transit chokepoint would quickly ease pressure at the pump. “Once the Strait...

San Francisco Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI Authored by Kimberley Hayek via The Epoch Times, A federal judge dismissed a trade secret lawsuit filed by Elon Musk’s xAI against OpenAI, ruling that the plaintiff failed to demonstrate the competing artificial intelligence company improperly obtained confidential information. U.S. District Judge Rita Lin issued the order Monday in San Francisco, dismissing the case with prejudice, resulting in xAI being unable to refile an amended version of the complaint based on the same arguments. Lin found that xAI did not make clear that...