As energy costs soared this year, sector stocks became a darling to many investors. Not only did the stocks preserve value in a falling market, but they also gave robust returns. Valero Energy Corpora...
Tag: Energy
The S&P 500 Is Missing The Energy Bull Market, Are You?
Spiking energy prices are taking a bite out of consumers’ wallets. getty “We’re going to make sure everyone knows Exxon’s profits. Exxon made more money than God last year,” President Biden said...
Bitcoin and banking’s differing energy narratives are a matter of perspective
The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the...
You Will Be Shocked To Know These Ways In Which Blockchain Benefits Global Energy Grid
It is often seen that the blockchain industry is criticized for its energy usage and its impacts on the energy sector. Environmentalists and government officials argue that the Bitcoin network require...
Here’s how blockchains are helping to advance the global energy grid
The blockchain industry’s impact on the energy sector has been a major source of controversy over the past five years. Governments and environmental protection advocates have routinely expressed conce...
Exxon May Be Making ‘More Than God.’ But Apple and Alphabet Are More Profitable.
Text size President Biden, who his hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell/Getty Images Exxon Mobil may be making “more than God ...
Swedish central bankers snipe Bitcoin mining, cite rampant energy use
Another day, another environmental attack on proof-of-work (PoW) mining. A report shared by the Swedish central bank argued that energy-intensive Bitcoin (BTC) and cryptocurrency mining should be bann...
Bitcoin’s real energy use questioned as Ethereum founder criticizes BTC
The ever-raging debate around Bitcoin’s energy consumption has been re-ignited, with founding member of Ethereum Anthony Donofrio claiming that Bitcoin is using “way too much” energy. According to fi...
Steve Forbes Roasts POTUS Over Energy Crisis
This segment of What’s Ahead deals with a serious global energy shortage. The 1970s energy crisis saw oil prices go up more than twelvefold and motorists lining up for gas. But that disaster was the r...
Oil-stock trade is ‘too obvious,’ says this fund manager, who expects a pullback in prices
(Updates original story with Tuttle’s purchase of additional shares of OXY in last paragraph.) Investors’ memories can be short. The same can be said for those of stock traders. Matthew Tuttle sees th...
Oil prices could go ‘parabolic,’ putting global economy in ‘critical situation,’ says Trafigura chief
“‘We have got a critical situation. I really think we have a problem for the next six months. … [O]nce it gets to these parabolic states, markets can move and they can spike quite a lot.’” — Jeremy We...
El-Erian Warns Inflation Has Yet to Peak as Energy Prices Rise
(Bloomberg) — Mohamed El-Erian, who almost a year ago accurately forecast that elevated US inflation would be persistent, says it hasn’t peaked. Most Read from Bloomberg The closely followed bon...
a report on blockchain in the energy sector- The Cryptonomist
The European Union’s Blockchain Observatory and Forum team recently published a report on the applications of blockchain technology in the energy field. Blockchain and the energy sector: an EU report...
Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
Traffic in Paris, France, on May 12, 2020. The European Parliament now supports the European Commission’s goal of a 100% cut in emissions from new passenger cars and vans by 2035. Ludovic Marin ...
Climate change will force some UK communities to move, official says
Houses on the east coast of England, photographed in 2020. On Tuesday, the chief executive of the U.K.’s Environment Agency said climate change meant some coastal communities would have to move....
Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8%
Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8% With the market down double-digits in 2022, a l...
Iris Energy mined 10% more bitcoin in May
Iris Energy reported a 10% increase in Bitcoin mined during May (totaling 151 BTC), over the previous month. The company also said in a statement Tuesday that its average operating hash rate rose to 1...
Staking POWR Token Is Live On the Powerledger Energy Blockchain
POWR staking is now live on the Powerledger Energy Blockchain, where users can begin staking by locking up the token in the Ethereum contract. Several validators have been onboarded to assist with sta...
$150 oil won’t cripple economy, market: J.P. Morgan’s Marko Kolanovic
J.P. Morgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believ...
Top 10 Stocks by Searches; One Guess Which is No. 1
The most popular stocks in the United States could be measured in a lot of ways. One brokerage recently opted to use frequency of search to come up with a list. XTB Online Trading screened out the 5...
The Coming War Over Crypto Regulation
The Hardin Generating Station, a coal-fired power plant that also houses thousands of computers used … [+] in cryptocurrency “mining,” is seen on April 20, 2022, in Hardin, Montana. ...
Garcia’s favourite stocks to play the higher energy prices
The oil and gas companies have already had an unprecedented run up this year. Still, Courtney Garcia – Senior Wealth Advisor at Payne Capital Management – is convinced the energy stocks ar...
Exxon Gets an Upgrade, but Analyst Takes ‘Chips Off Table’ for 2 Other Oil Stocks
Text size Gas prices are displayed on a pump at an Exxon gas station in Washington, DC, on May 24, 2022. Stefani Reynolds / AFP via Getty Images Energy stocks have emerged winners in this period of vo...
Bitcoin Miners Sell BTC Holdings Amid Prices Plunge to Cover Energy Costs – crypto.news
Recent reports indicate that Bitcoin miners are selling most of their crypto tokens on exchanges to cover most costs. This comes as inflation rates have been rising throughout the year, perhaps causin...
White House Preparing New Study on How To Curb Crypto Energy Footprint: Report
A leading legal publication reports the White House is undertaking a study on crypto asset mining and the attendant environmental consequences. According to Bloomberg Law, the priority of the study is...
Why Electric Vehicles, Battery Storage, And Demand Response Add Value To Energy Markets
An Electric Vehicle charging station lights up green in the parking lot of a Ralph’s supermarket in … [+] Monterey Park, California on May 18, 2021. – President Joe Biden’s adm...
With Over $2.5BN In Capital
While many investors grapple with signs of a potential global bear market, one sector continues to attract waves of capital, talent, and attention: the decarbon economy. Energy Impact Partners (EIP) i...
Bitcoin Mining: Kenya Offers Renewable Energy Sources to Miners
Bitcoin mining operations may soon be relocating to Kenya. The African country now offers miners a green energy source to achieve their green mining goals. Bitcoin’s energy consumption is often the su...
Opinion: Inflation is making everything we buy more expensive, and once stagflation hits things could get even worse
Last month I examined the culprits that are causing global inflation, including rising interest rates, persistent supply chain issues (China locking down cities), and climbing energy and fertilizer pr...