Day: December 22, 2023

Russia to build crypto mining hub in Africa

Energy News Beat Russian supplier of Bitcoin mining solutions BitСluster is building a 120-megawatt (MW) data center in Ethiopia, the company has announced on its website. According to a press release issued on Thursday, the facility will be located in the capital city of Addis Ababa, on the territory of the Kilinto high-voltage substation, and […]

US weekly LNG exports down to 22 cargoes

Energy News Beat US liquefied natural gas (LNG) exports decreased in the week ending December 20 compared to the week before, according to the Energy Information Administration. The agency said in its weekly natural gas report that 22 LNG carriers departed the US plants between December 14 and December 20, six vessels less compared to […]

3 Podcasters Walk in a Bar – Episode 41

Energy News Beat 3 Podcasters Walk in a Bar – Episode 41   Highlights of the Podcast: 03:16 – The conference of the past 05:30 – The president of the UK put in a very good note 08:50 – The Crude Truth for the energy transition 12:03 – The EIA put out those rules 13:48 […]

Inflationary Aspects of Spiking Corporate Profits by Major Industry: Starting All Over Again, Good Lordy!

Energy News Beat Inflation is like so not defeated? Jacking up prices faster than costs are rising creates stunning profits. Strong demand sees to it that companies can do it. By Wolf Richter for WOLF STREET. Overall corporate pre-tax profits (excluding the Federal Reserve Banks), jumped by 3.4% in Q3 from Q2, and by 5.5% year-over-year, to a […]