scraping XML feed on cloud with python

I have been scraping this XML feed from a online sportsbook http://ift.tt/13tbqQR?

using Python, Requests, and BeautifulSoup to import and parse the data and storing it in sqlite3 databases in order to keep track of line movements.

Is it possible to do this with Amazon EC2 or something similar so that I don't need my computer running and online in order to get the data I want?

I just need to set something up that scrapes the XML feed every 20 or so seconds and stores it in database preferably sqlite and let's me access the data when I want it.

If so how do I get started, I don't even know what terms to search.