You can power your house with wind, but should you?

photo: WDG photo (Shutterstock) It seems like everything is more expensive these days and one of the more worrying bills hitting your bank account is for your home energy usage. From gas to electricity, the cost of keeping our lives lit, warm and connected isn’t going to drop anytime soon, so it’s no wonder people … Read more

Oil production cuts on the table in view of sanctions on Russia

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper cuts in oil output Sunday, energy analysts said, as the influential energy alliance weighs the impact … Read more

Oil inventories are showing a peculiar disconnect from crude prices

Oil stocks have continued to show a peculiar disconnect from commodity tracking, with oil stocks staging a strong rally even as oil prices have fallen sharply since the last OPEC meeting. Over the past two months, the main benchmark of the energy sector, the SPDR Selected Energy Sector Fund (NYSEARCA:XLE), was up 34%, while average … Read more

Crude oil prices have erased most of 2022 gains and could go lower

Tom Kaye of Plymouth, Pennsylvania fills his neighbor’s gas tank at a gas station in Wilkes-Barre, Pennsylvania, U.S., Oct. 19, 2022. Aimee Digger | Reuters Oil prices are defying expectations and are barely higher on the year as the outlook for oil demand continues to deteriorate for now. West Texas Intermediate Crude Futures for January, … Read more

US oil hits its lowest price of the year thanks to China as OPEC+ production decision looms

Benchmark US oil futures hit their lowest price of 2022 on Monday, briefly erasing what had been a sizable gain since the start of the year as China’s zero-COVID policy wreaked havoc on energy demand expectations . The price move came less than a week before a December rally. 4 decision by the Organization of … Read more

Digging for joules in smelting mines

The Big Picture presents technology through the lens of photographers. every month, IEEE spectrum select the most stunning technology images recently captured by photographers from all over the world. We choose images that reflect a major advance, or trend, or that are simply fascinating to look at. We feature all images on our site and … Read more

DCG’s Barry Silbert writes letter to investors after FTX crash

Barry Silbert, the founder of cryptocurrency conglomerate Digital Currency Group, has joined a growing list of industry leaders in an effort to calm investors’ nerves after FTX’s sudden crash. In a note to shareholders on Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, including trading firm Genesis, Grayscale Investments and … Read more

New York governor signs bill to crack down on bitcoin mining

These machines, known as mining rigs, work around the clock to find new units of cryptocurrency. Benjamin Hall | CNBC New York Governor Kathy Hochul signed a law Tuesday that bans some bitcoins mining operations that run on carbon-based energy sources. For the next two years, unless a proof-of-work mining company uses 100% renewable energy, … Read more

China’s zero-covid changes are a false flag for oil markets

The bullish reaction in many of the world’s major stock markets to news that China has “eased” its “zero-Covid” policy limiting the economy has been misplaced from all perspectives. In general, first, China hasn’t relaxed its Covid-zero at all, it’s just made some small adjustments. Second, these small adjustments will worsen the net effect of … Read more

Exxon Mobil, Chevron and ConocoPhillips challenged for tax practices

Speaking late last month, US President Joe Biden threatened to pursue higher taxes on oil company profits if industry giants don’t work to slash gas prices. Brandon Bell | Getty Images Oxfam on Monday filed shareholder resolutions against US oil giants Exxon Mobil, Chevron and ConocoPhillips, saying a lack of transparency about their global tax … Read more