ENERGY

Authored by Haley Zaremba via OilPrice.com,

• AI's rapid growth threatens the stability of the energy industry, economy, and climate due to its high energy consumption.

• The tech sector's decarbonization goals are challenged by AI's power demands, with Google reporting a 48 percent increase in carbon emissions over the last five years.

• AI and electric vehicles are expected to add significant electricity demand to the US grid, potentially leading to energy (more…)

Authored by Tsvetana Paraskova via OilPrice.com,

• A Reuters investigation found that over 1,000 tanker trucks are smuggling at least 200,000 barrels of Kurdish oil per day to Iran and Turkey.

• The smuggling operation generates an estimated $200 million in monthly revenue, but the destination of the funds remains unclear.

• The illicit trade has flourished since a pipeline to Turkey was closed in March 2023 due to a dispute over export rights.

Kurdistan hasn’t been able (more…)

Via Energy Security and Freedom,

The Big Green Grift, the Energiewende and all the other green energy scams are about to be slowly shuttled aside because we need massive amounts of new energy these schemes cannot deliver. Moreover, we can no longer afford the virtue signaling, power seeking and money grabbing nonsense these ventures involve. Indeed, there's a big wreck about to happen at the intersection of Artificial Intelligence Boulevard and Net Zero Avenue. Future AI data center (more…)