The fears of regulators around the world about Russia using Bitcoin to evade sanctions could be about to come true as a top Russian government executive has revealed that the country’s authorities cou...
Tag: Gas
Selling gas and oil for Bitcoins? This Russian lawmaker thinks so
Pavel Zavalny, the head of Russia’s Committee on Energy, said earlier today that the country will enable friendly countries to pay for oil, gas, and other exports in Bitcoin. The statement comes as Ru...
Exxon Is Using Excess Natural Gas to Mine Bitcoin
Key Takeaways Exxon is piloting a Bitcoin mining program that utilizes previously wasted resources. The program is apparently utilizing 18 million cubic feet of natural gas each month that would have ...
Russia May Accept Bitcoin for Gas Exports, Lawmaker Says – Bitcoin News
Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of...
ExxonMobil Running Pilot Project to Supply Flared Gas for Bitcoin Mining: Report
In 2019, ExxonMobil and ConocoPhillips were among the founding members of the OOC Oil & Gas Blockchain Consortium, a group of energy companies looking to establish “key blockchain standards, frame...
Exxon pilot project uses wasted flare gas for crypo mining: report
advertisement Exxon is reportedly diverting some of the natural gas it has no use for to power crypto mining operations, with a pilot program in North Dakota. The oil and gas behemoth has partnered wi...
Poland’s PGNiG won’t pay for Russian gas in rubles, CEO says
Poland says there is no “possibility” of paying for Russian gas in rubles, citing contractual agreements. PGNiG, which is Poland’s largest oil and gas company, says it has a deal in place with Russian...
Putin’s roubles for Russian gas demand is ‘security threat’
Russia Vladimir Putin energy gas oil sanctions – Mikhail Klimentyev Vladimir Putin’s demand for gas payments in roubles amounts to a “security threat”, the head of the International Energy Agenc...
Russia Could Sell Gas for Bitcoin, Says Energy Committee Chief
Key Takeaways Top Russian energy official Pavel Zavalny has said that Russia is open to accepting Bitcoin payments for energy exports. Zavalny also said that the country has lost all interest in energ...
Wait, There Are Americans Happy About High Gas Prices?
Drivers in the United States and around the world are experiencing unprecedented gasoline price increases. Nationwide, the average price for a gallon of regular gas Tuesday was $4.242, according to da...
Russian gas will only be payable in rubles
In response to international sanctions, President Putin has decided that Russian gas will only be payable in roubles. Sanctions and consequences Nine days after the sanctions came into force, the sit...
Gas prices may be bad now, but three leading CEOs warn there’s a bigger looming fuel crisis that would be a real nightmare
Volatile oil prices are hurting every corner of the global economy, but experts warn that it’s nothing compared to the looming diesel shortage. Since Russian President Vladimir Putin’s invasion ...
Putin Plans To Make ‘Unfriendly’ Countries Purchase Russian Gas In Rubles
Topline Russian President Vladimir Putin is planning to make “unfriendly” countries purchase Russian natural gas in rubles, he said at a government meeting Wednesday, which could worsen the energy cru...
Opinion: Ukraine war is a wake-up call to ditch oil and gas forever
That invasion, and the subsequent U.S. ban on oil imports from Russia, are partly responsible, but they aren’t the only reason. According to the U.S. Energy Information Administration, the impact of t...
Have you heard of Starknet claiming to decrease gas fees on Ethereum 100X lower?
Yet another Layer 2 solution promising to minimize the transaction fees on Ethereum blockchain It seems like the woes of developers and users of applications based on the Ethereum blockchain network i...
High Gas Prices Might Be Here For A While, But We Have A Way Out
Detail of a hand holding a fuel pump at a station getty Although there are many indicators of how the global economy is going, the price of gasoline is the one that we all know best. The average cost ...
Two Wisconsin gas stations are suing a competitor for its low fuel prices
While most people are focused on the escalating price at the pump, two gas stations in Wisconsin are suing a competitor that they say is selling gas too cheap. A Shell and BP gas station in Waukesha, ...
Russian Shelling On Chemical Plant Caused Ammonia Gas Leak, Sumy Governor Says
Topline An ammonia gas leak in the eastern Ukrainian city of Sumy was detected early on Monday as Russian forces continued to shell a chemical plant on the city’s outskirts, local authorities said, a ...
Gas prices ‘without a doubt’ changing consumer behavior, AAA spokesman explains
Drivers around the nation are beginning to shift their driving habits in response to soaring gas prices as the White House attempts to present the pain at the pump in a full context. As of March 19, t...
Cost of charging EV vs. gas prices
A driver uses a fast-charging station for electric in the cell phone lot at John F. Kennedy (JFK) airport on April 02, 2021 in New York City. Spencer Platt | Getty Images It has been true for years: M...
Stranded no more? Bitcoin miners could help solve Big Oil's gas problem
Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem? The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been u...
Optimism Raises $150M, Pledges To Lower Gas Fees Further
Ethereum scaling startup Optimism has raised $150 million in its latest Series B funding round, with a total valuation of $1.65 billion. Funds To Lower Gas Fees On Thursday, Optimism announced the ne...
Biden Is Calling Out the Surge in Gas Prices — Again
(Bloomberg) — Oil prices may have eased, but gasoline at the pump hasn’t — a familiar problem for the Biden administration grappling with elevated inflation in the U.S. Most Read from Bloo...
Gas prices are already expected to top $5 a gallon, but experts lay out a scenario that could be much worse
Gasoline prices, already soaring following Russia’s invasion of Ukraine, may climb even higher during the busy summer driving season. Unleaded gas, which reached a record $4.33 per gallon in the U.S. ...
The Keystone XL pipeline has nothing to do with gas prices
Americans seem especially gullible to misinformation when they’re bleeding at the gas station. With the Russia-Ukraine war pushing gas prices well above $4 per gallon, motorists are looking for somebo...
My car requires premium gas. Can I switch to regular gas to save on high gas prices?
With premium gas costing drivers 65 cents more per gallon on average than regular gas as of Tuesday, drivers may be tempted to fill their tanks with regular fuel to save money. But is it a good idea? ...
Russia And Ukraine — Oil And Gas Fallout For The World, Now And Looking Ahead.
Smoke rises from a power plant in eastern Ukraine after being shelled. AFP via Getty Images Martin Rylance is the Discipline Lead and Distinguished Advisor for Reservoir and Well Enhancement at THREE6...
Could the Keystone XL pipeline help lower U.S. gas prices?
The punishing economic sanctions imposed by the West on Russia for its invasion of Ukraine has roiled global energy markets, with a U.S. ban on Russian oil imports further pushing up gas prices for Am...
Is it OK to use the lowest-grade gas? Here’s a guide to the different types of fuel.
Selecting a grade of gasoline simply because it has a higher octane rating might not be the best choice for your car or your budget. While some vehicles can benefit from premium gas, most drivers can ...