In the early part of my career, I vividly recall first learning about what was then arguably the most important document that an upstream company produced – the reserve report. Full of pertinent information, the reserve report struck at the heart of an oil and gas company’s economic relevance. The now discontinued, Oil and Gas… More
Topline Germany could end its reliance on Russian oil by the close of summer, the country’s Federal Ministry of Economics and Technology reportedly announced Sunday, stepping up its previous timeline by at least three months—barely three weeks after the European Union announced a ban on Russian coal imports. A gas flame is seen behind a… More
The fines will reportedly triple compared to current rates while repeated violations will lead to jail time. The Iranian government will increase the penalties for the use of subsidized energy in crypto mining. The move marks another step in tightening mining regulation in the country, which had faced energy shortages in recent years. Citing the country’s… More
As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security. The world’s energy market is rapidly evolving, moving from hydrocarbon plants to a future centered around clean energy enabled by wind and solar power. As such, today’s energy market is shifting to an increasingly… More
The arguments in favor included environmental concerns surrounding Bitcoin transactions and “the risk to the movement’s reputation for accepting cryptocurrencies.” Requests for comments on a proposal urging the Wikimedia Foundation to stop accepting donations in cryptocurrency have closed, with the majority of users voting in favor.According to a Tuesday update on the proposal, roughly 71%,… More
Topline Stocks fell on Monday as government bond yields surged—with the 10-year Treasury jumping above 2.7%, its highest level since January 2019—amid ongoing fears about inflation, with investors dumping riskier assets as they brace for more aggressive rate hikes from the Federal Reserve. Investors dumped risky assets as a new government report on Tuesday is… More
Topline The Senate on Thursday passed a bipartisan bill to ban Russian energy imports, building on an executive order signed by President Joe Biden last month and adding to a slew of retaliatory measures taken against Russia after its invasion of Ukraine in late February. The measure is “about bringing every tool of economic pressure… More
Topline An increasing number of Federal Reserve officials have recently spooked markets by warning about the economic impact of decades-high inflation and how the central bank will need to aggressively raise interest rates, as well as “rapidly” reduce its balance sheet, to combat surging prices. Investors are bracing for more uncertainty as Fed officials pledge… More
Crypto Twitter discusses whether Bitcoin mining with clean energy provides a good solution for excess or unused energy. It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives… More
Topline An increasing number of Wall Street experts are now forecasting a possible economic downturn on the horizon, with alarms growing louder after the widely-observed yield curve inverted last week and indicated a looming recession. Some experts are warning that the economy will take a “major hit” next year as the Fed struggles to …… More
Topline The Treasury Department on Monday blocked the Russian government from making sovereign debt payments using dollars held at American banks, a move that greatly ramps up financial pressure on Russia by depleting its dollar reserves and brings the country closer to a potential default—which would have dire consequences. The latest move is meant to… More
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 foreshadowing of a potential longer-term cycle; whereby U.S. oil production being able to meet energy demands will be increasingly important. Many… More
Topline A majority of Wall Street’s biggest firms have recently been slashing their S&P 500 forecasts for this year, predicting lower stock market returns as the Federal Reserve raises interest rates to fight surging inflation and also warning about the economic impact from Russia’s invasion of Ukraine. Stock market forecasts for this year are growing… More
The nuclear power plant Grohnde near Hamelin, Germany was decommissioned on 31 December 2021. Getty Images The UK prime minister said last week that he may consider shifting to nuclear power to offset rising prices of natural gas, which have spurted up by about 150% in Europe since the start of the war in Ukraine.… More
Topline The stock market continued to rebound on Friday—with the S&P 500 notching its biggest weekly gain in more than a year—as investors react positively to the Federal Reserve’s latest interest rate hike this week and continue to hope for some kind of resolution to the war between Russia and Ukraine. Phew! Clarity from the… More
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