Digital Power Optimization, Inc. has joined hands with a hydroelectric power producer and a billion-dollar family office to establish a new green-powered company known as Cascade Digital Power. The co...
Tag: Energy
Do We Double-Down On Fossil Fuels Or Hasten The Move To Green Energy?
SIGNAL HILL, CA – MARCH 5: Pumps draw petroleum from oil wells through the night as the cost of … [+] crude oil tops $104 per barrel in its surge to new record high prices March 5, 2008 in...
Greenpeace: new campaign to reduce Bitcoin’s energy use
Greenpeace is talking about Bitcoin and announcing a new campaign “Change the code, not the climate”, aimed at reducing the energy use of BTC mining to be less harmful to the environment. Greenpeace ...
Defense Stocks Rose With the Ukraine War. Then a Tight Proposed Budget Set Them Back.
Elias Stein Text size Defense stocks took a surprising blow after a proposed defense budget was released last week. The Biden administration asked Congress for $773 billion to fund defense for fiscal ...
German industry sounds alarm over energy rationing plan
For 400 years, Carletta Heinz’s family has produced bespoke glass bottles for the world’s leading perfumeries in a factory on the edges of Germany’s Franconian forest. But Russia’s invasion of Ukraine...
European Inflation Skyrockets to Record 7.5% — ECB Chief Lagarde Expects Energy Prices to ‘Stay Higher for Longer’ – Economics Bitcoin News
While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member sta...
Oil futures suffer biggest weekly percentage decline in nearly 2 years
Oil futures ended lower Friday, with prices posting their largest one-week percentage loss in nearly two years. Prices declined on the back of the largest-ever release from U.S. crude reserves and new...
What 10% inflation could look like for junk bonds: BofA
What happens to companies financed in the booming high-yield or “junk-bond” market on the off chance that U.S. inflation pegged at 7.9% in February soars to 10% and stays there? That’s a question Oleg...
Tellurian Stock Is Upgraded Amid Rising Demand for Liquefied Natural Gas
Text size A natural gas processing plant. Dreamstime Shares of Tellurian were surging Friday after the stock was upgraded by Credit Suisse analysts, who cited optimism over the natural-gas producer’s ...
Brenham, Texas Is Scaling Back Energy for Crypto Mining
The city of Brenham in Texas has always been a major crypto mining hub. Many residents have taken to crypto mining as a hobby or as a means of earning extra funds. They do not employ expensive machine...
Restarting Keystone XL construction ‘wouldn’t actually increase supply’ of oil: top Biden adviser
“‘Any action on Keystone wouldn’t actually increase supply, and it would transmit oil years in the future.’” — National Economic Council Director Brian Deese That’s the White House’s top economic advi...
While Publics Remain On Runway
As the term “energy security” comes back into the public lexicon, the values of U.S. oil companies are rising. This comes at the delight of some and chagrin of others. Regardless, it represents a fore...
As Energy Price Hikes Bite, Retailers Look To Sustainability To Cut Costs
As energy prices soar, retailers turn to sustainability to control costs and meet environmental … [+] goals getty With higher energy prices coming into effect in the UK today, many retailers are...
Bengal Energy to mine Bitcoin using stranded gas wells in Australia
Bengal Energy is set to begin its trial project of accessing formerly stranded gas The company acquired the gas wells from its local oil and gas extraction partners The company might multiply its Bitc...
Approving Keystone pipeline won’t lower oil prices, says NEC Director Brian Deese
President Joe Biden‘s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline in response to elevated crude and ...
Ukraine’s Friends Refuse to Pay Russia Rubles for Gas. What Could Come Next.
The Kasimovskoye underground gas storage facility operated by Gazprom, in Kasimov, Russia. Andrey Rudakov/Bloomberg Text size Vladimir Putin was rash enough to invade Ukraine. Could he double his bet ...
Biden’s plan to lower gas prices could take weeks. How to pay less now
Filling up at the pump comes with a hefty dose of sticker shock. Russia’s invasion of Ukraine and global supply concerns have sent gas prices to record highs — hitting $6 in some parts of the co...
Amid Spiking Gas Prices, Biden & California Democrats Propose Tax Hikes On Energy Suppliers
U.S. US President Joe Biden speaks at Long Beach City College. (Wally Skalij / Los Angeles Times via … [+] Getty Images) Los Angeles Times via Getty Images High gas prices have prompted governor...
Biden says latest Strategic Petroleum Reserve release could cut gas prices 10 to 35 cents per gallon — but some experts worry about long-term costs
President Joe Biden announced Thursday the daily release of 1 million barrels of oil from the country’s reserves for the next six months as a way to bring down gas prices that have been breaking recor...
Bengal Energy to mine Bitcoin using stranded gas wells in Australian outback
Canadian oil and gas company Bengal Energy is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from its gas wells in the far reaches of the Australian outback. Acc...
Smart World Union Energy Tokens
As a result of the current tensions in Ukraine and Russia, Europe faces a major challenge in the energy industry. Following the economic and financial sanctions imposed by Western countries and their ...
Biden to invoke Defense Production Act for EV battery materials
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasolin...
Bengal Energy to Mine Bitcoin Using Abandoned Gas Wells in the Australian Outback – crypto.news
Bengal Energy, a Canadian oil and gas mining company, is getting ready to start a trial project using portable Bitcoin mining rigs to access previously abandoned gas wells. Bengal Energy Enters Pilot ...
RedGrid Launches the Internet of Energy Network (IOEN) Protocol on the Back of a Pioneering Collaboration With Monash University
March 31, 2022 – Melbourne, Australia In 2020, as part of the groundbreaking ARENA-funded Smart Energy City project, RedGrid, the Monash eResearch Centre (MeRC) and Monash University’s ‘Net Zero’ init...
3 Energy Companies That Should Buy Back Stock: Analyst
Text size High oil prices have left producers awash in cash. Spencer Platt/Getty Images Oil-and-gas companies are pumping out billions of dollars in cash because of high commodity prices. Many of them...