Commitments to environmental, social, and governance principles are a collection of socially responsible investing values widely known by their acronym, ESG. In 2022, they...

A prominent activist group has filed shareholder resolutions calling on four of the biggest Western energy companies to cut emissions more aggressively this...

Sometimes, reading the comments from big gas, big coal, and big oil in the Murdoch press, I think I am back in the school...

Here’s a tidbit about the oil and gas industry that isn’t very well known: Oil wells are rarely plugged when the owners or operators...

Understanding how your carbon footprint works is the first step in creating a strategy to reduce your carbon emissions or to become carbon neutral,...

A written commentary this month issued from the Heritage Foundation — that famous Koch Industries climate denial front group — shows how very nervous...

What are some myths and facts when it comes to hemp biodiesel? Proponents say it’s the answer to weaning the West off Saudi Arabia’s...

Bitcoin could have a bigger role in the international board as superpowers compete for dominance over the financial system. The benchmark crypto has seen some relief in the last day, as the U.S. Federal Reserve (FED) tightens, and the shadow of war looms over Europe. Related Reading | Ethereum Spikes Above $2,700 After Fed Announcement, What Now? At the time of writing, Bitcoin trades at $40,700 with a 1% profit over the past day and a 3% loss in the past week. As Gold Rises, So Will Bitcoin… In a recent post from BitMEX Co-Founder Arthur Hayes, there is a prediction for Bitcoin for the coming years, and a declaration with potential implications for the whole world: the financial system supported by oil and dollars came to an end. Otherwise known as “Petrodollars”, the term describes the way our current financial ecosystem is supported by the exchange of the U.S. dollar for this commodity, the world’s main source of energy. Big oil producers accept this currency, almost exclusively, for their products. This gives the U.S. dollar a prime position in the financial system, contributing to its global reserve currency status. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) is another major component of that system. For some, Bitcoin is a direct competitor and a threat to this status quo. In his essay, titled “Energy Cancelled”, Hayes claims the Petrodollar system came to an end. The invasion of Ukraine by the Russian army led to the imposition of sanctions from the international community to the Vladimir Putin-led country. Russian banks and a portion of the country’s fiat currency reserve were seized by the U.S. and European Union (EU). The weaponization of the U.S. dollars has led Russia and China, contesting the role of this currency on the global scene, to find alternatives and possibly push for a new financial system. 8/12 Now add in the news that Saudi Arabia is considering accepting #Yuan instead of Dollars for Chinese oil and you have an accelerator for more economic problems and market uncertainty. https://t.co/5by5PkH8Vf — Material Indicators (@MI_Algos) March 16, 2022 Hayes believes this new system is yet to be named but could potentially be supported by a “neutral” medium of exchanges, such as Gold. This would directly impact Bitcoin, Hayes said: A new neutral reserve asset, which I believe will be gold, will be used to facilitate global trade in energy and foodstuffs. From a philosophical standpoint, central banks and sovereigns appreciate the value of gold, but not that of Bitcoin (…). Bitcoin is less than two decades old. But don’t worry: as gold succeeds so will Bitcoin. Money Has Changed Forever, Why Bitcoin Will Benefit Later, Hayes breaks down the evolution of money and the network that supports money, from its physical to its digital phase. In the latter, individuals, entities, and small countries have money stored on centralized, permissioned networks, and can potentially be locked out of their wealth, if a bank or government decides to. In case the dominant countries on this network, the U.S. and E.U. or China for the current financial system, decide to block network access to a participant, questions about the status quo emerge. Russia’s recent sanctions, the essay claims, is a one-of-a-kind case in history. The digitalization of the monetary network has made it possible to “cancel”, to “shun”, the country at this scale. Hayes said: Money is a medium of energy storage, and the most-used monetary instruments now lack the largest energy producer globally as a user. Why should any central bank “save” in any Western fiat currency, when their savings can be expropriated arbitrarily and unilaterally by the operators of the digital fiat monetary networks? Data shared by Hayes estimates current savings in $12 trillion, most countries store these funds on a network controlled by a superpower. These funds will be moved, says Hayes, to a new network. Gold is the potentially direct benefactor, as mentioned, China and other countries could begin injecting buying pressure into the Gold spot market. Long Gold could be this decade’s most important trade. Wheat, grains, and other commodities could follow. Related Reading | FED Announcement Pushes Bitcoin Price Up, Will BTC Sustain Momentum? In the long term, Hayes expects Gold to reach $10,000 on the spot. The rise of the precious metal will spill into all hard money assets, Bitcoin included. The cryptocurrency could hit $1 million per coin, as Gold moves upward. Hayes added: (…) any and all hard monetary assets believed to protect portfolios from this pestilence will get bid to astronomical levels. And that is the mental shift that breaks the correlation of Bitcoin with traditional risk-on / off assets, such as US equities and nominal interest rates.

"While Putin's war is causing gas prices to go up, Big Oil companies are raking in record profits," Senator Elizabeth Warren said. "We need to curb profiteering by Big Oil.. that starts with ensuring these corporations pay a price when they price gouge and using the revenue to help American families."

Hemp has a million uses (including alternatives for building materials, plastics, paint, leathers, and more) many of which were important in history, and have been slowly coming back into use with the end of prohibition for hemp products. What is one of the newer hemp uses to start making it back to the public? ‘Hempanol’, […]

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There are a lot of ways to use the cannabis plant, and a lot of products that can be made. Whether a person wants to smoke flower, vape a concentrate, eat an edible, inhale via a nasal spray, get it through a patch, or rub it all over their skin, each of these methods allows […]

The post Look Your Best: The Benefits of Hemp Cosmetics appeared first on CBD Testers.

The Largest Oil & Gas Companies in 2021 This was originally posted on Elements. Sign up to the free mailing list to get beautiful...