AI needs a lot of electricity — oil and gas will help
Mark Avallone, president and founder of Potomac Wealth Advisors, elaborates on how investors expect artificial intelligence to boost corporate returns. With the growth of artificial intelligence, which requires large amounts of electricity, global energy demand is predicted to skyrocket in the coming years. The Wall Street Journal reported that big tech companies’ “obsession” with finding […]
Starved and Without Electricity, Hundreds of Cubans Nationwide Take to the Streets Chanting ‘Freedom’
On Sunday, hundreds of Cubans took to the streets in Santiago de Cuba and Bayamo to protest the country’s power outages, severe food shortages and complete lack of political rights under communism. Peaceful demonstrators shouted “electricity and food”, “homeland and life” and “freedom”, demanding an end to the inhumane living conditions that communism and the […]
Large-Scale Crypto Mining Consumes 2% of US Electricity – PYMNTS.com
How much energy does cryptocurrency mining consume in the US? In a recent analysis, energy information bureau (EIA) estimates that large-scale cryptocurrency operations consume more than 2% of the country’s electricity. And, as Ars Technica pointed out in a report Friday (February 2), this is roughly equivalent to adding. another state to the national power […]
Washington state House passes bill that effectively bans natural gas, encourages ‘equitably’ shifting to electricity
The Washington State Legislature has passed a bill that would effectively eliminate the use of natural gas in new buildings as part of a larger effort toward full electrification in an “equitable” manner. On Tuesday, the Democratic-controlled House passed HB1589, also known as the Washington Decarbonization for Large Complex Utilities Act. The bill would require […]
Texas Gas Producers Weathering the Storm for Electricity Production
As temperatures drop to frigid conditions across Texas, natural gas producers are supplying “more than enough natural gas” to meet demand and meet the needs of power plants. “The good news is that Texas continues to produce enough natural gas every day to meet our needs, and despite local issues, Regardless, the impact of weather […]