Tag Archives: Energy

Energy inputs are always going to be cyclical with the economy. This is the primary topic of this week’s “ETF Report” on Yahoo Finance. VettaFi’s financial futurist, Dave Nadig, was on hand to discuss how the energy sector has shifted, considering where things are in the market. As Nadig states, “When people think the economy is doing well, oil tends to run up. On the contrary, when people think we’re heading for a recession, oil tends to come down. However, digging under… Source link

Energy prices saw the biggest one year jump since 2005 last month amid a hotter than expected inflation print. The energy index rose 3.9% last month according to the Bureau of Labor Statistics’ Consumer Price Index (CPI) published Friday after a 2.7% decline in April. Gasoline, fuel oil and natural gas prices all increased in May. Gasoline prices rose 4.1% month-over-month, fuel oil spiked 16.9% from the prior month, and natural gas also rose 8% during the same span. The energy index rose 34.6%… Source link

Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8% With the market down double-digits in 2022, a lot of stocks seem to be on sale. But not all of the beaten-down names are worth buying at the moment, according to CNBC’s Jim Cramer. “I want to be kind to this market and tell you it’s the same old buy the dips game plan. But in reality, the only dip that can be bought right now, at… Source link

Finnish electricity companies are refusing to sign electricity contracts with Russian search engine Yandex, which has a data centre near Helsinki, due to suspicions it may be distributing war propaganda. The data centre, which has been operational since 2015, is located in the town of Mäntsälä, some 50 kilometres north of Helsinki. It is the only one located in the west, as the others are situated in Russia.  Since 2015, its waste heat contributed to around 75% of the… Source link

BARCELONA, Spain — While visiting Germany last month, the world’s richest man, Elon Musk, proffered unsolicited advice to European leaders. “Spain should build a massive solar array,” he tweeted on Apr. 4. “Could power all of Europe.” Spain’s Prime Minister Pedro Sánchez promptly responded. “We’re already implementing most ambitious plan towards efficient & sustainable energy system,” he tweeted at Musk. “Come and see. We welcome investors in Spain.” While prompting 66,000… Source link

(Bloomberg) — Russia will cut off the gas to Poland and Bulgaria on Wednesday in a major escalation in the standoff between Moscow and Europe over energy supplies and the war in Ukraine. Most Read from Bloomberg Moscow is making good on a threat to halt gas flows to countries that refuse President Vladimir Putin’s new demand to pay for the fuel in rubles. The European Union has rejected the move in principle but now payment deadlines are starting to fall due, governments across Europe need… Source link

“Many existing zero-carbon energy plants across the world are at risk of shutting down, even if they could continue operating safely for decades longer,” the company said. “The loss of such large quantities of carbon-free electricity will increase carbon emissions and make the task of decarbonizing the electricity system more challenging.” Google pointed to the reconciliation bill, known as the Build Back Better Act, and a bipartisan 2021 bill (S 2475) from Sen. Michael D. Crapo, R-Idaho…. Source link

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 internet usage and its business grows, said Michael Terrell, the Director of Energy at Google. At the same time, Google is has set out a notably aggressive goal to operate on 24-7… Source link

For decades, Berkshire Hathaway (NYSE:BRK.B) Chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, favoring retail and banking stocks while giving a wide berth to more volatile sectors such as tech and energy. However, he finally pulled the trigger on PetroChina Co. (NYSE:PTR) in 2002 and Apple Inc. (NASDAQ:AAPL) in 2011. The Oracle’s foray into energy and tech initially paid off after he realized a tidy $3.5B profit on PetroChina, while his $158 billion… Source link

President Biden has good intentions on climate change. His plan to halve carbon emissions by 2030 is on the scale energy and climate experts say is necessary to prevent the worst damage a warming planet could cause. He favors aggression action without the massive overshoot far-left schemes such as the “Green New Deal” would entail. That fits with his desire to make big changes that have at least some bipartisan support and can survive political turnover in Washington. Yet Biden now finds… Source link