Energy
Natural gas surges to highest level since 2008 as Russia’s war upends energy markets
A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021. Petar Santini | Bloomberg | Getty Images U.S. natural gas prices surged to the highest level in more than 13 years Monday as Russia’s war on Ukraine causes a global energy […]
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Sustainable recovery spending could be derailed by commodity price spikes following Ukraine war
Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. At the same time, recent months have also seen commodity prices jump. Marcus Brandt | Picture Alliance | Getty Images The world’s governments have pledged more than $710 billion to “sustainable recovery measures” by […]
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After buying cheap Russian oil, India is now setting sights on its coal
Even as the world shuns Russian goods, India is setting its sights on Russian coal. India’s coal imports from Russia jumped in March 2022 to highs not seen in more than two years, according to commodity intelligence firm Kpler. Ritesh Shukla | Getty Images News | Getty Images India’s hunger for coal is growing. Even […]
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We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes
Alena Vorobiova hadn’t thought much about bitcoin before Russia invaded Ukraine in February. Fast forward to border closures and shelling on her hometown, cash shortages at ATMs across the country, and the central bank suspending electronic cash transfers — and she decided to give bitcoin a try. Whereas money providers often charge transfer fees of […]
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How Google plans to use 100% carbon-free energy in its data centers by 2030
Google’s data centers around the world use about twice as much electricity as the city of San Francisco. In total, Google used 15.5 terawatt hours of electricity in 2020 and the majority of that goes to its data centers. (It hasn’t made 2021 figures available.) The amount of energy Google uses is growing as overall […]
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The race to roll out ‘super-sized’ wind turbines is on
A Haliade-X wind turbine photographed in the Netherlands on March 2, 2022. The Haliade-X is part of a new generation of huge turbines set to be installed in the years ahead. Peter Boer | Bloomberg | Getty Images In the not too distant future, waters 15 miles off Martha’s Vineyard will be home to a […]
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Japanese car giant Honda targets EV expansion, earmarks billions for R&D
With several major economies looking to cut the number of diesel and gasoline vehicles on their roads, Honda and other carmakers are attempting to develop electrification strategies that will allow them to remain competitive going forward. Aimur Kytt | Istock Editorial | Getty Images Honda plans to invest around 5 trillion yen ($39.9 billion) in […]
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Giant undersea cables set to give the UK and Germany their first direct energy link
Onshore wind turbines in Germany. The NeuConnect project says the interconnector will enable Britain to “tap into the vast energy infrastructure in Germany, including its significant renewable energy sources.” By Thomas E. Gunnarsson | Moment Open | Getty Images Key contracts totaling more than £1.5 billion ($1.95 billion) have been awarded for a major interconnector […]
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Top strategist says to own stocks in these sectors to beat any recession
David Roche, president of Independent Strategy, warned the economy is entering a “war-cession,” and said markets are underestimating it. Source
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Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.9%, or $4.02, to trade at […]
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