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Tag Archives: energy

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Crypto-friendly El Salvador mines first bitcoin with energy from volcanoes

The mining operation, run by the state-controlled energy company LaGeo SA de CV, managed to generate 0.00599179 bitcoin, or about $269, using geothermal power from volcanoes, Bukele tweeted. Earlier this week, the president shared on Twitter a video of government-branded shipping containers carrying digital-currency miners to an energy facility in …

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Europe’s high energy prices are just the beginning

Of course, natural gas prices are soaring everywhere—not just in Europe. The US benchmark price for natural gas has nearly doubled over the last year, with front-month Henry Hub prices reaching $4.690/MMBtu as of September 6. And that’s despite record natural gas production in hot basins like Appalachia. But US …

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US sanctions become blessing in disguise for Iran’s energy sector

Shortly after the US Department of Justice announced on Monday that two million barrels of impounded Iranian oil had been sold for $110 million, a pair of suspicious fires broke out affecting Iranian infrastructure. The first, striking the country’s biggest warship, the IRIS ‘Kharg’, eventually caused the vessel to sink …

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