Cryptocurrency miners to disclose data on energy use Bitcoin mining industry employed an estimated 58.4% sustainable energy mix Crypto miners are large energy users that account for a significant amo...
Tag: Energy
Sweden’s Priority Should be Steel Production, Not Bitcoin Mining, Energy Minister Says
Khashayar Farmanbar – Energy Minister of Sweden – believes the nation’s electricity supply should be focused on something “more useful” than bitcoin mining. Over the years, the country has made a name...
Policy Support For Clean Energy & Real Estate Lifts Stocks
China Last Night KraneShares Key News Asian equities started the week on a strong note except for Japan, which was off for Marine Day, a national holiday meant to give thanks for the ocean’s bounty. M...
Seven Crypto Miners Show ‘Disturbing’ Energy Use, Lawmakers Say
“The overall US crypto mining industry is likely to be problematic for energy and emissions,” lawmakers wrote They flagged that crypto miners have caused increased electricity costs for small business...
GE reveals new company names as it approaches historic split
People visit the General Electric stand during the China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 7, 2018 in Shanghai, China. VCG | Getty Images Ge...
Winter Is Coming. Energy Solutions Are Not.
Madrid, Spain. January 2022. An unusually cold winter next year like 2022 would be disastrous for … [+] European Unity. LightRocket via Getty Images A grim outlook was presented to European lead...
Sweden says Bitcoin miners do not create jobs despite high energy demands
The energy minister of Sweden, Khashayar Farmanbar, does not agree that giving power to Bitcoin miners is feasible. Farmanbar said it was better to give energy to job-creating projects such as steel p...
‘We Need Energy For Other Useful Things Than Bitcoin’: Swedish Energy Minister
The Swedish government might change its stance on crypto mining owing to energy demand in the country. The country is moving towards a large-scale expansion and needs energy for other “useful” industr...
Sweden averse to Bitcoin mining amid rapid rise in energy demand
Europe’s mining heaven Sweden looks to re-direct Bitcoin miners’ power to job-creating projects as the country’s energy demand rapidly increases. Sweden’s Energy Minister Khashayar Farmanbar told Bloo...
Warren Targets Crypto Miners Over “Disturbing” Energy Consumption
Key Takeaways Senator Elizabeth Warren is leading a regulatory push to have U.S.-based crypto miners report their energy use and carbon emissions data. On Friday, she and five other Congressional Demo...
China Giving Off Lehman Brothers Energy Across The Economy
After Evergrande sold its stake in the Vertex, a residential development in Hong Kong, homebuyers suddenly discovered they were at risk of losing their deposits because Evergrande’s financing un...
Expect gas prices to drop to $4 a gallon soon, Biden energy adviser says
After peaking above a record $5 a gallon in June, U.S. gas prices should continue to fall in the coming weeks, a top White House energy adviser said Sunday, predicting prices around $4 a gallon, on av...
Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says – Mining Bitcoin News
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a ...
When will inflation peak? Consumers and economists see light at the end of the tunnel (but it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic expectations. Inflation hit 9.1% on the year in J...
Last Week, In “Games” That May Influence The Future Of Energy, President Biden Played Two Weak Hands.
President Joe Biden announces members of his climate and energy appointments. Getty Images Cards in the right hand. President Biden was in the Middle East last week trying to work a deal with Saudi Ar...
Energy Markets Will Determine The Fate Of The Euro
A few days ago, a rare event in the forex markets took place: for the first time in two decades, the euro achieved parity with the U.S. dollar. The euro’s epic collapse has seen it weaken nearly...
Sweden favors making steel over mining bitcoin as power gets scarce: Bloomberg
Sweden’s Energy Minister Khashayar Farmanbar told Bloomberg in an interview that it was more important to provide electricity for job-creating projects like steel plants than for bitcoin miners that a...
Tired Of High Energy Prices? U.S. Companies Push For Cheaper, Climate Friendlier Fuels
WASHINGTON, DC – APRIL 11: Gasoline prices hover around $4.00 a gallon for the least expensive grade … [+] at several gas stations in the nation’s capital on April 11, 2022 in Washin...
EU Shipowners Race to Move Russian Oil Before Sanctions Kick In
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Over Confident Markets Anticipate Steep Drop In Inflation
(Photo by Samuel Corum/Getty Images) Getty Images Inflation just printed at 9.1%, the highest level since 1981. But don’t worry, sayeth the ever-wise financial markets, it will fall back down ve...
Swedish Energy Minister Prefers Green Steel Over Bitcoin Mining
Sweden’s Energy Minister eschews bitcoin mining in favor of a manufacturing sector employing citizens. In an interview, Energy Minister Khashayar Farmanbar said the country needs energy for more usefu...
US Congressional Group ‘Disturbed’ by Crypto Mining Energy Usage
In a letter sent to the U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE), six Democrats led by Rep. Jared Huffman of California and Sen. Elizabeth Warren of Massachusetts ...
Elon Musk Warns U.S. and EU of New Energy War
Elon Musk completely disrupted the automotive industry. With Tesla (TSLA) – Get Tesla Inc. Report, the manufacturer of premium electric vehicles, the richest man in the world has caused a real ...
Fed Finally Is Focusing on the Big Picture in Inflation Fight
Text size A modest decline in gasoline prices has raised some hope that inflation is abating. Gene J. Puskar/AP/Shutterstock “Don’t fight the Fed” has long been the mantra of investors. As the U.S. ce...
US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption
Democratic legislators from both houses of the United States Congress have sent a letter to the Environmental Protection Agency (EPA) and Energy Department (DOE) to inform them of their findings on th...
Why Biden’s visit to Saudi Arabia is unlikely to contribute much to oil’s price decline
President Joe Biden is in the Middle East late this week and the pressure is on for the U.S. to look to Saudi Arabia, the world’s largest oil exporter, for more barrels of oil. Limits to oil productio...
Congressional Investigation Finds Bitcoin Companies Consume as Much Energy as Houston
Alex Dovbnya Largest U.S. Bitcoin mining companies consume as much energy as all Houston households combined An investigation conducted by congressional Democrats has found that the top seven U.S. Bit...
European Energy Crisis Spurs Maritime Fueling Innovation
An aerial view shows a section of the Sunny Liger, a Marshall Islands-flagged tanker with a … [+] consignment of Russian diesel, anchored in the North Sea, near IJmuiden, on April 30, 2022. R...
Gasoline Demand Is the Lowest in a Year. Blame Remote Work, Not Pump Prices.
Text size U.S. crude oil inventory levels still remain 5% below the five-year average for this time of year. Brandon Bell/Getty Images It isn’t just high oil prices, but Americans working from home th...