Tag Archives: fossil fuels

Energy News July 1

Energy news: July 1, 2022

It would be an understatement to say that a lot has happened in the news since our last news roundup – but we’re here to provide our take on some of the most important energy news over the past two weeks. This week, we’ll discuss a recent decision by the Supreme Court impacting carbon emissions and a report from the Department of Energy (DOE) about energy jobs. 

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where does your electricity come from

Where does your electricity come from?

The electric grid brings power to every corner of the U.S., but the electricity flowing through the wires doesn’t come from the same sources everywhere. Depending on where you live, the electricity that makes its way to your property comes from different mixes of generating capacity, from coal to natural gas to renewables like hydropower, solar, and wind. 

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Rising cost of natural gas

Rising natural gas prices: what to expect

As we kick off winter 2021-2022, you’re probably anticipating a jump in your heating bill due to dropping temperatures. According to the National Oceanic and Atmospheric Administration (NOAA), it’s actually slated to be a warmer winter than usual, with above-average temperatures predicted across most of the U.S. due to LA Niña climate conditions – but you should still be prepared for higher than normal heating and electricity bills due to the rising cost of natural gas – and other fossil fuels – across the world. In this article, we’ll explain why natural gas prices are increasing, where the increases are most dramatic, and how you can protect yourself from the volatility of fossil fuel energy sources (spoiler alert: going solar will help!). 

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How does cryptocurrency contribute to fossil fuel emissions?

In February 2021, Tesla announced that it had purchased $1.5 billion in Bitcoin and planned to accept the cryptocurrency as payment, causing the price of Bitcoin to soar to record high numbers. However, three months later, Elon Musk disrupted the cryptocurrency market when he tweeted, “Tesla has suspended vehicle purchases using Bitcoin,” citing concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”

Overnight, the Bitcoin market dropped by almost 10 percent–so how founded are these environmental concerns in cryptocurrency mining, and could cryptocurrency have a clean energy future?

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