13 states will need increased electricity production to meet estimated 2040 demands: report
Demand for electricity is expected to increase significantly through 2040, but there are no plans in place to increase electricity production to meet that projection, according to a new report from the PJM Interconnection-affiliated Clean Energy Grid. PJM coordinates the movement of wholesale energy to 65 million people throughout parts or all of Delaware, Illinois, […]
The Dangerous Delusion Of A Global Transition To “just electricity”
World leaders continue experiencing a “dangerous delusion” of a global transition to “just electricity” that they believe will eliminate the use of the crude oil that made society achieve so much in a few centuries. Crude oil is the basis of our materialistic society, as discussed in an educational and entertaining 27-minute podcast interview between […]
Electricity costs soar under Biden administration
Since President Biden took office, energy prices, especially electricity costs, have soared, outpacing inflation and putting a strain on Americans’ wallets. According to one study, electricity prices have soared 29.4% since January 2021, more than 50% of the overall inflation rate and 13 times faster than the past seven years. wall street journal Analysis of […]
Ukraine war briefing: Kyiv electricity plant destroyed by Russian missiles and drones | Ukraine
Ukraine’s parliament on Thursday passed a controversial bill that changes rules on civilian military mobilization to address the military’s talent shortage. This bill requires the president’s signature, but Volodymyr Zelenskyis considered important for Ukraine to better arm itself and address what military analysts say is a major manpower issue as it fights a larger adversary. […]
Inflation Pushing Up Rents, Garbage Collection, Electricity
Americans looking for shelter from inflation are unlikely to find shelter at home. Inflation under the Biden administration is making it more expensive to maintain a household. Rent, utilities and garbage collection fees all increased by nearly 6%. Rent and associated shelter costs are jumped off From March 2023 onwards, 5% or more: — Rent […]
Dimon says AI could have similar impact as the printing press, electricity and internet
XPRIZE Foundation Founder and Executive Chairman Peter Diamandis discusses the pros and cons of AI on The Claman Countdown. JPMorgan Chase CEO Jamie Dimon released his annual letter to shareholders on Monday, in which he said: Artificial intelligence (AI) About the operations of America’s largest financial institutions and the economy as a whole. Dimon, billionaire […]
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 […]