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Money Morning Mailbag: Relief Wells Near Finish, But Oil Spill Blame Game Continues

While BP PLC (NYSE ADR: BP) closed in this week on finishing relief wells to permanently plug the oil spill, stormy weather threatened to delay the final steps as clean up crews were called in to shore.

BP capped the blown-out Macondo well last week and has been conducting pressure tests to ensure the cap's strength. A relief well is close to completion but work has been halted until the storm passes. All work could be stopped for 10 - 14 days if the area is evacuated.

While the leak may finally be close to plugged, the financial aftermath is far from over. Corporate entities and the U.S. government continue to point fingers at each other.

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New Technology Turns Coal Into Clean, High-Powered Gas

[Editor’s Note: Money Morning recently conducted a Q&A with Dr. Kent Moors on the future of energy. Dr. Moors last wrote about Marcellus Gas Shale, a new energy-sector profit play.]

A new fuel technologyunveiled just two weeks agois about to revolutionize the energy business.

I saw it firsthand.

General Electric Co. (NYSE: GE) asked me to present “The Future of Natural Gas” at the company’s Gas Turbine Symposium in Greenville, S.C. That’s where GE revealed a new generation of its market-leading turbine technology.

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