Oil Market Effects from U.S. Economic Sanctions: Iran, Russia, Venezuela

  Economic sanctions imposed by the United States—through enacted legislation and executive action—on Iran, Russia, and Venezuela aim to pressure the ruling governments to change their behavior and policies. Currently, these sanctions aim to either eliminate (Iran) or restrict (Venezuela) crude oil trade of as much as 3.3 million to 4.0 million barrels per day… Continue Reading Oil Market Effects from U.S. Economic Sanctions: Iran, Russia, Venezuela

Bitcoin, Blockchain, and the Energy Sector

The popularity of cryptocurrencies such as Bitcoin and the underlying blockchain technology presents both challenges and opportunities to the energy sector. As interest in Bitcoin and other cryptocurrencies has increased, the energy demand to support cryptocurrency “mining” activities has also increased. The increased energy demand—when localized—can exceed the available power capacity and increase customers’ electricity… Continue Reading Bitcoin, Blockchain, and the Energy Sector