Bitcoin (BTC) passed $20,400 for the first time this month on Sept. 2 as United States economic data outperformed expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Declining do...
Tag: Energy
Energy Stocks At New Highs: These Natural Gas And Electric Companies Find Buyers
The stock market’s new highs list is shrinking as we head into the long holiday weekend. But two energy stocks are worth highlighting after news that Russia has suspended natural gas pipeline sh...
Biden Taps Veteran Democrat John Podesta As Clean Energy Spending Czar
Topline President Joe Biden announced Friday that former Obama and Clinton Administration official John Podesta will oversee $370 billion in clean energy spending authorized in the Inflation Reduction...
Buy Write On Green Energy Electric Company Offers 49-Day, 48% Annualized Return Potential
There are only two stock market sectors posting positive year-to-date total returns. Up 46.5%, energy is the big winner, but utilities are also higher by 6.2% since the start of 2022. We dive into uti...
Warren Buffett keeps backing up the truck on big oil. Lock in energy yields up to 13.3% for some fat income to boot
Warren Buffett keeps backing up the truck on big oil. Lock in energy yields up to 13.3% for some fat income to boot Energy was the top-performing sector of the S&P 500 last year. And that momentum...
What Visits By Musk And Von Der Leyen Say About Energy Policy
Tesla CEO Elon Musk gives interviews as he arrives at the Offshore Northern Seas 2022 (ONS) meeting … [+] in Stavanger, Norway on August 29, 2022. – The meeting, held in Stavanger from Aug...
Energy CEO calls out Europe’s ‘foolish’ dependence on natural gas
Enel’s Francesco Starace photographed during the World Economic Forum in Switzerland on May 24, 2022. During an interview with CNBC on Friday, Starace said dependence on gas was “foolish.&...
Bitcoin Mining Firm Compass Mining Has Georgia Sites Shuttered, Citing High Energy Costs
Compass Mining, a Bitcoin (BTC) mining rig service, was notified that the owner of lucrative mining hubs 2 and 3 located in Georgia would shut down amid rising energy costs. Since Compass sells Bitco...
Ethereum merge will bring huge energy efficiency
With the much anticipated Ethereum merge only 11 days away, much is being made of the projected changes to the network. However, arguably the biggest change is the massive decrease in energy consumpti...
EU energy crisis worsens as Germany’s Google searches for ‘firewood’ explodes
It seems that there is real cause for concern in Europe as the embargo on Russian gas and oil is causing nasty surprises for the end consumers. Skyrocketing prices of natural gas and electricity has ...
Compass Mining Shutting Down Georgia Facilities Due to Excessive Energy Rates
On August 31st, Compass mining, the first marketplace for Bitcoin mining equipment, lost two of its third-party hosting strategic facility locations for mining in Georgia due to rising energy prices. ...
Paraguay’s President Vetoes Crypto Mining Law, Citing ‘Massive’ Energy Cost
On Monday, Paraguay’s president, Mario Abdo Benítez, vetoed a bill that would have regulated various digital asset activities, including the commercialization of crypto mining in the country. “The Exe...
Gatorade adds caffeine to its lineup with energy drink Fast Twitch
Fast Twitch, from the makers of Gatorade Source: PepsiCo Gatorade is entering the energy drink category with a caffeinated spin-off called Fast Twitch. It represents yet another example of beverage co...
Huge offshore wind farm Hornsea 2 is fully operational, Orsted says
One of the turbines at the Hornsea 2 offshore wind farm. According to Danish energy firm Orsted, the facility has a capacity of more than 1.3 gigawatts. Orsted A facility described by Danish energy fi...
Commentary on Stronghold Digital Mining’s Q2’22 Earnings
August 30, 2022, 5:09PM EDT • 2 min read Quick Take Stronghold Digital Mining reported Q2’22 earnings on August 16, 2022 $SDIG currently trades at $1.40 / share, down ~93% from its IPO price of $19.0...
Tron Network Energy Use Matches That of 15 US Households: CCRI Report
The Tron network’s annual electricity consumption is equivalent to that of just 15 U.S. households, according to a report prepared by the Crypto Carbon Ratings Institute. The commissioned report produ...
Eurozone hits record inflation of 9.1% amid gas and energy crisis
August marks the ninth consecutive month of rising inflation for the Eurozone at 9.1%. In July, the official inflation numbers landed at 8.9%. The Eurozone consists of 19 countries, including Germany,...
New Job, Career Paths From Inflation Reduction Act, CHIPS Act And Infrastructure Bill
Woman in energy industry, from Power Magazine, … [+] https://www.powermag.com/women-are-essential-to-a-thriving-power-generation-sector/ Power magazine The hundreds of billions of dollars recent...
‘Energy is a hedge against everything going wrong’: Joe Terranova
Oil has been in a downtrend over the past three months but Joe Terranova (Chief Market Strategist at Virtus Investment Partners) remains convinced the energy trade is not over yet. Energy is a shield ...
Energy market a “crapshoot”: Supply-led bulls face off against demand-deficit bears
In an earlier piece entitled, “Winter is coming: European buyers shifting from natural gas to crude oil”, we focused on the view of Amrita Sen, an internationally renowned crude oil expert, who made t...
Austria’s Eruption Winemakers ‘Generate Energy’ In Steiermark
Ried Hochwarth Klöch Vulkanland Steiermark ©AWMB/Robert Herbst A group of nine family winemakers in Austria’s Vulkanland Steiermark have organized themselves for the future, based on ancient soil and ...
Toyota says it will invest extra $2.5 billion in North Carolina plant
A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. The firm is trying to make headway in the increasingly competitive electric vehicle market. Toru Hanai | Bloomberg | Getty Images ...
G20 faces ‘tough’ negotiations on climate
U.S Special Presidential Envoy for Climate John Kerry (right) with President of COP26 Alok Sharma at the G-20 Joint Environment and Climate Ministers’ Meeting in Nusa Dua, Indonesia’s Bali...
Germany’s Energy Crisis Dispels Several Myths
Germany is undergoing an energy crisis now as severely reduced gas flows from Russia threaten to leave it with a cold, dark winter. Much of its problem is self-inflicted and demonstrates the perils of...
UK economy on verge of stagflation as it phases out Russian energy imports
The UK economy has been hit pretty hard by the devastating effects of inflation, rising energy, and food prices, decreasing household purchasing power, and diminishing savings rate with difficult-to-c...
Dow Inc., LyondellBasell and Westlake Get ‘Petrochemical Recession’ Downgrades
Text size Dow recently announced plans to cut its global polyethylene operating rates by 15%. Jeff Kowalsky/Bloomberg Dow Inc. is one of three chemicals stocks that KeyBanc downgraded, noting a “petro...
Europe’s Energy Crisis Won’t Be Over Anytime Soon, Experts Say
A man waves a European Union flag in front of the Romanian Parliament headquarters during a protest … [+] against government and corruption in the front of the Romanian Government headquarters i...
UK inflation could top 22% as energy prices soar, Goldman Sachs warns
Goldman Sachs has said that the U.K. is likely to fall into recession in the fourth quarter 2023. Richard Baker | In Pictures | Getty Images LONDON — U.K. inflation could soar above 22% next year if e...
Nvidia’s ‘China Syndrome’: Is the stock melting down?
Like the nuclear reactor in the 1979 film “The China Syndrome,” Nvidia Corp.’s share price and sales forecast have been melting down, and a sales ban of artificial-intelligence chips to China is the l...