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Geopolitics, oil collide at energy confab

A first-ever address by a sitting secretary of state and the economic crisis in oil-rich Venezuela are set to drive the agenda at a conference next week in Houston of the world’s biggest energy companies.

The big picture: This is the first time the conference, held for almost 40 years, is occurring with America as the world’s biggest crude oil producer, a milestone reached last year.

Daniel Yergin, host of the conference dubbed CERAWeek, calls the U.S. boom, driven by surging production from shale formations, an “earthquake” in the world oil market.

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