Dow Energy Stocks Boom as Trump Shocks Oil Market

By CCN: The global energy market quaked on Monday after the Trump administration took aim at Iran, yanking lucrative sanctions exemptions with the explicit goal of bringing “Iran’s oil exports to zero.” As oil prices spike toward six-month highs, the stunning policy reversal has buoyed two key energy stocks in the Dow Jones Industrial Average. Trump Yanks Sanctions Exemptions from Iran’s Oil Customers The White House explained that it hoped to cripple the rogue Iranian regime by removing its “principal source of revenue.” Previously, the Obama and Trump administrations had given special exemptions to major Iranian customers such as China,

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Norwegian Fund Hosts $7 Billion Mega-Sale of Energy Companies

The Norwegian Sovereign Fund has announced a $ 7 billion sale of shares for 134 exploratory fossil fuel and energy companies. Norway owns the largest sovereign fund in the world, the Government Pension Fund Global (GPFG), which is valued at over $ 1 trillion. In 2017, Norges Bank suggested that the fund step away from oil and gas stocks to protect against consistent downward trends in oil prices. The problem is that 6.4 percent of the fund is invested in these stocks. Over the last two years, the fund has honed a plan to divest upstream oil and gas shares. It will

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Bitcoin mining is forcing me to go solar power. I just installed solar panels to run my miners during the day. Not only does my house get heated but I cut the mining cost by 75%. Why? It’s not just the cheapest form of energy, but I get rid of the grid-transfer cost and tax (=75%!)

Bitcoin mining is forcing me to go solar power. I just installed solar panels to run my miners during the day. Not only does my house get heated but I cut the mining cost by 75%. Why? It's not just the cheapest form of energy, but I get rid of the grid-transfer cost and tax (=75%!) submitted by /u/candese
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Bitcoin – The Currency of the Internet

Energy Provider PG&E Files for Bankruptcy, the Last Gasp of Its Incredible Fall

Pacific Gas & Electric, a California-based energy and power provider and owner of the country’s biggest power utility, has filed for Chapter 11 bankruptcy protection on January 29, after the company became overwhelmed by the liabilities resulting from the Northern California wildfires of 2017 and 2018. In a published statement, the company, which owns the largest power utility in the United States, is seeking approval from the court for a $ 5.5 billion debtor-in-possession financing. A court document filed with the United States Bankruptcy Court for the District of Northern California showed that the company had assets totaling $ 71.39 billion, while

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Purchased a few rounds of drinks via bitcoin. Experience was smooth and when I asked the bartender/owner if they accepted bitcoin he replied with an enthusiastic“Of course!” Made my visit to France, go support this man’s bar lots of positive energy in there 🍻

Purchased a few rounds of drinks via bitcoin. Experience was smooth and when I asked the bartender/owner if they accepted bitcoin he replied with an enthusiastic“Of course!” Made my visit to France, go support this man’s bar lots of positive energy in there 🍻 submitted by /u/jeffwett
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Bitcoin – The Currency of the Internet