Energy

New Project to Tackle Crypto Energy Crisis by Generating Electricity Through Waste

4 months ago kakp2 Comments Off on New Project to Tackle Crypto Energy Crisis by Generating Electricity Through Waste
As the cryptocurrency market expands, so too does the volume of energy required to maintain it. If the Bitcoin market alone continues to progress at its current rate, it will soon consume more energy annually than countries such as Peru. One potential solution to this issue is renewable energy; and that is where 4NEW hopes to come Read More

S&P Global Platts Launches Blockchain Network To Track Oil Data In UAE

4 months ago kakp2 Comments Off on S&P Global Platts Launches Blockchain Network To Track Oil Data In UAE
S&P Global Platts, one of the leading independent providers of information for the commodities and energy markets, announced that it started the deployment of its Blockchain solution that “will allow market participants to submit weekly inventory oil storage data” to UAE’s Fujairah Oil Industry Zone (FOIZ) and the regulator FEDCom, according to a release published Read More

Green Mining Company To Reduce Coin Generating Energy Costs By Harnessing Renewable Power

4 months ago kakp2 Comments Off on Green Mining Company To Reduce Coin Generating Energy Costs By Harnessing Renewable Power
Mining equipment is available to buy from consumer to professional level, and each of these technologies brings a significant energy cost. In Iceland, the volume of energy used for Bitcoin mining will soon likely exceed the volume used to power its houses, Cointelegraph recently reported. Cointed, the world’s largest provider of Bitcoin ATMs, aims to Read More

A Swedish power plant is burning discarded H&M clothes for fuel

7 months ago adcity Comments Off on A Swedish power plant is burning discarded H&M clothes for fuel
A Swedish power plant that aims to eliminate the use of fossil fuels by 2020 has taken to burning recycled wood and garbage—including clothes from H&M’s central warehouse, as first reported on Swedish public television. “For us it’s a burnable material,” said Jens Neren, head of fuel supplies at Malarenergi AB, which owns and operates Read More

American frackers will pump shale oil far more aggressively than previously thought

8 months ago adcity Comments Off on American frackers will pump shale oil far more aggressively than previously thought
Pummeled by the plunge in oil prices, the OPEC oil cartel agreed last year to cut production to drain the glut. It extended the agreement this year, and prices responded, jumping from a low in the mid-$40s per barrel to above $60 in recent weeks. Reflecting the petrostates’ uneasy relationship with upstart shale producers in Read More

Here’s how to track if Xi Jinping “wins” when he meets Trump

8 months ago adcity Comments Off on Here’s how to track if Xi Jinping “wins” when he meets Trump
When Donald Trump hosted Xi Jinping at his private club Mar-a-Lago in April, the American president informed his Chinese counterpart—over “the most beautiful piece of chocolate cake,” as Trump told reporters later—that he had ordered a missile attack against Syria. Like that, the first Trump-Xi summit was overshadowed by the Syria strikes. Syria isn’t central Read More

Oil: Short-Term Versus Long-Term Price Scenarios

8 months ago adcity Comments Off on Oil: Short-Term Versus Long-Term Price Scenarios
About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports Read More

Oil Markets in Supply-Demand Tug of War

8 months ago adcity Comments Off on Oil Markets in Supply-Demand Tug of War
The key supply-side technological development is the U.S. shale oil revolution, which commenced before 2010 and has driven U.S. oil production from below 6 million barrels per day (mbd) to over nine million mbd currently, and headed for over 10 mbd in 2018 and beyond.  What is often not appreciated is that shale oil technology Read More

Smog Casts A Shadow on China’s Solar Farms

8 months ago adcity Comments Off on Smog Casts A Shadow on China’s Solar Farms
The wintertime smog in China’s northeastern provinces is so severe it blocks more than 20 percent of sunlight from reaching the region’s solar panels. Christopher Intagliata reports. Read More