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“#Inflation would rise if Russia invaded Ukraine” US inflation — already stuck at a 40-year high of 7.5% — could spike to 10% or higher if Russia invades Ukraine, according to a new analysis. That’s because oil prices could rise to well over $100 a barrel if Russia — a major oil producer — has…
“#How two 23-year-olds became millionaires by mining bitcoin” A pair of recent college grads made $4 million before their 24th birthdays by using flare gas from Texas oil fields to mine bitcoin. Brent Whitehead and Matt Lohstroh are Texas A&M University alums who co-founded Giga Energy Solutions, a company that uses stranded natural gas that…
“#Dimon’s son-in-law caught in $21M dispute between Apollo, oil exec” Jamie Dimon’s son-in-law has been caught up in an ugly dispute with a Texas-based energy executive, who has accused him, along with private-equity giant Apollo Global Management, of orchestrating a scheme to stiff the oil-and-gas driller out of his stake in the lucrative company he…
“#Goldman Sachs caught in flareup over natural gas pollution in North Dakota” David Solomon’s bid to rebrand Goldman Sachs as environmentally green is going up in flames — courtesy of a bankrupt oil and gas company in North Dakota. That’s the charge from critics — and creditors — who claim that Goldman, as a key…
“#Oil drillers and Bitcoin miners bond over natural gas” May 21 – On US oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity. The trailers – carrying pipes, generators and computers – are called “mining rigs.” But their owners…
“#Biden invites Russia, China to first global climate talks” WASHINGTON — President Joe Biden is including rivals Vladimir Putin of Russia and Xi Jinping of China among the invitees to the first big climate talks of his administration, an event the U.S. hopes will help shape, speed up and deepen global efforts to cut climate-wrecking…
“#Oil, natural gas prices surge as winter storm hammers market” Oil and natural gas prices jumped Tuesday as a massive winter storm kneecapped energy production in the US. West Texas Intermediate crude oil futures traded near their highest levels in about 13 months after the storm forced oil wells and refineries to shut down in…
“#Gaseous mix up: Scientists thought there could be life on Venus, but there’s not” In September 2020, astronomers announced the possible detection of phosphine on Venus. On our own world, phosphine is mostly produced by life, and the detection of this gas in the atmosphere of Venus could have been an intriguing hint of alien…
“#Joe Biden’s insane war on oil” Joe Biden wants to take one of the great American success stories of the last several decades — and drive it into the ground. He would turn his back on the stupendous wealth represented by proven reserves of oil and gas in this country. Rather than focusing on producing…