ENERGY

Big Tech’s AI dreams are coming with a big energy price tag—technology companies and their data centers are consuming more electricity than countries with many millions of people.

In the graphic below, Visual Capitalist's Pallavi Rao compares Google, Microsoft, Meta, and Apple’s 2023 electricity use against select countries. Data sourced from company reports and the U.S. Energy Information Administration (2022).

Ranking Tech Companies Energy Use vs. Select (more…)

Oil prices are lower this morning – following bond yields, bitcoin and big-cap all lower post-CPI – erasing the small gains overnight following API's reported big crude draw.

For now, the official DOE data will likely decide the next leg.

API

• Crude: -5.2mm

• Cushing: -2.277mm

• Gasoline: -3.689mm

• Distillate: +612k

DOE

• Crude: +1.36mm

• Cushing: -1.665mm

• Gasoline: -2.894mm

• Distillate: -1.673mm (more…)

Authored by Nick Giambruno via InternationalMan.com,

The Strait of (more…)