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News & Articles By Ramon Tomey
07/25/2022
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By Ramon Tomey
To infinity and beyond: Space-based solar power eyed for cleaner energy
Harnessing the sun to generate power is no longer an endeavor restricted to the surface of the Earth. It has now reached the final frontier, thanks to satellites designed for space-based solar power (SBSP). These satellites – which took inspiration from villains’ nefarious plots to destroy the world – have now been tapped to focus […]
07/21/2022
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By Ramon Tomey
EU energy firms racking up more DEBT to offset exorbitant energy costs
As energy prices continue their ascent, energy firms in the European Union (EU) are taking on more debt to offset these costs. Bloomberg reported on July 18 that the companies’ overall debt has jumped by more than half since the pandemic’s onset in early 2020. The total amount of debt now stands at €1.7 trillion ($1.74 trillion). Furthermore, […]
07/07/2022
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By Ramon Tomey
German banks prepare for companies to default on loans due to energy crunch
German banks are preparing for a possible influx of companies defaulting on their loans as the country faces a looming energy shortage. Quoting several high-ranking banking officials, Bloomberg reported that financial institutions in the European nation are expected to put aside extra funds. This, it added, sought to tackle a potential spike in defaults in […]
07/06/2022
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By Ramon Tomey
BLACKMAIL: Canada may be withholding Nord Stream gas turbine until Germany signs LNG contract
Canada may be withholding a gas turbine Germany sent for repairs until the energy-strapped European nation signs a contract for liquefied natural gas (LNG), says an analyst. Steve Quayle of Strange Sounds elaborated on this claim in a July 5 post. According to him, Siemens Energy is servicing a gas turbine for a compressor at its […]
07/05/2022
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By Ramon Tomey
Belgian scientists successfully create 2-in-1 solar panel that also produces hydrogen
Scientists from KU Leuven in Belgium have recently developed a solar panel that converts moisture in the air to produce hydrogen. This allows the solar panels to generate electricity through sunlight and to power heating systems using the resulting hydrogen. Lead investigator Johan Martens of KU Leuven told news outlet VRT NWS that he and his team […]
06/29/2022
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By Ramon Tomey
French energy firms tell people to CUT BACK on energy usage immediately, or face catastrophic outages
Three major energy firms in France told people to cut back on their energy usage at the soonest, lest the country spirals into an energy crisis. Executives of the three energy companies – Engie Managing Director Catherine MacGregor, EDF CEO Jean-Bernard Lévy and TotalEnergies CEO Patrick Pouyanné – issued the admonishment in a joint statement published […]
06/17/2022
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By Ramon Tomey
Biden threatens oil firms: Do something about rising gas prices or face consequences
President Joe Biden threatened oil companies with consequences if they fail to do their part in addressing rising gas prices. He issued the threat in the form of a June 14 letter addressed to the executives of different oil companies – including British Petroleum, Marathon Petroleum, Chevron, Phillips 66, Shell, Valero Energy and Exxon Mobil. A copy […]
06/06/2022
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By Ramon Tomey
Energy-intensive bitcoin mining raises environmental concerns
Concerns regarding the environmental impact of bitcoin have surfaced despite its rising prominence. Many have criticized the cryptocurrency’s mining process for using up huge amounts of energy. Because of this, the U.S. treasury secretary warned of bitcoin’s “staggering” energy demand and slammed it as “extremely inefficient.” CNBC reported Feb. 22 that U.S. Secretary of the […]
05/13/2022
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By Ramon Tomey
Oil-producing giants warn of dwindling energy supply worldwide as fuel prices hit record highs
Two oil-producing giants – Saudi Arabia and the United Arab Emirates (UAE) – warned that the global energy supply is dwindling amid high fuel prices and increased demand. Officials from the two Middle Eastern nations issued their warnings during a May 10 conference of the Organization of the Petroleum Exporting Countries (OPEC) held at the UAE’s […]
05/11/2022
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By Ramon Tomey
Electric vehicle charging causes house fires that result in substantial losses
Electric vehicle (EV) charging has caused several house fires and resulted in massive losses, with three such fires being recorded in the states of Virginia and Maryland. A March 31 house fire in Damascus, Maryland caused by a charging EV resulted in $350,000 worth of damages. It also displaced four people and a few pets the […]
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