As Oil Giants Turn to Bitcoin Mining, Some Spin Burning Fossil Fuels for Cryptocurrency as a Climate Solution
In a pilot project last year, ExxonMobil used up to 18 million cubic feet of gas per month to mine bitcoin in North Dakota.
Read more...Category Archives: Energy markets
The European Union Demand Response to High Natural Gas Prices
Even before Russia’s invasion of Ukraine, high natural gas prices triggered an estimated European Union demand cut of about 7%.
Read more...IPCC Adaptation Report: It’s Later Than You Think
“It’s now or never, if we want to limit global warming to 1.5C,” IPCC Working Group III co-chair Jim Skea announced.
Read more...Is Today’s Energy Shortage Worse Than The 1970s Oil Crisis?
The energy outlook, particularly for Europe, is not very cheery.
Read more...A Sobering View of High Fuel Prices, Green Energy, and Biden’s Plans to Help Europ
An assessment of current economic conditions, including rising prices, how long the pain might last, and possible paths forward.
Read more...Michael Hudson: The Dollar Devours the Euro
Michael Hudson argues that the euro and European economic independence are intended US targets for the war in Ukraine.
Read more...Global Supply Chain Risk and Resilience
Are experts whistling in the dark about the coming odds of fundamental restructuring of many supply chains?
Read more...ExxonMobil Announces $10 Billion Oil Investment the Same Day IPCC Signals End for Fossil Fuels
uelle surprise! Big oil is not giving up.
Read more...Climate Science and Financial Risk: Forging a Path to More Climate-Resilient Businesses
Is the search for better valuations of climate risks to help businesses reducing global emissions an exercise in self-delusion?
Read more...India: Pursuing its National Interest in the Multipolar World
The U.S. botches its India diplomacy as it fails to comprehend Delhi’s understanding of the new realities of the emerging multipolar world.
Read more...How Biden’s Huge Strategic Oil Release Could Backfire
Why Biden’s short term oil, really gas, price fix might be a flop.
Read more...No One Will Win in the Russia-Ukraine Conflict
Gail Tverberg argues that the war in Ukraine does not get Russia or other energy producers out of their scarity bind.
Read more...Putin Edict on “Gas for Roubles” Consistent With Original Description (and Our Take); Western Officials Nevertheless Claim a Walkback
Putin’s gas for roubles plan was over-interpreted by foreign policy experts and media employees, and that’s working out to Russia’s advantage.
Read more...Joe Lauria Interviews Michael Hudson and Richard Wolff on Consortium News
Michael Hudson and Richard Wolff discuss how the economic and ground war over Ukraine is moving geopolitical tectonic plates.
Read more...Ukraine Updates and More Discussion of the Russia “Gas for Roubles” Countersanction
Gazprom is scheduled to announce what its roubls-for-gas payments stipulations are, even though most Western countries said no, sight unseen.
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