US Electricity Generation By Source 1990-2022 (Fossil Fuel Declined from 65% to 60%)

 

US Petroleum Liquid Output Doubled Over Last Decade

 CHART OF THE DAY: American total petroleum liquids output (crude plus condensates and natural gas liquids) rose in September to a staggering 20m b/d (to be precise 19.99m b/d).

Notable that US petroleum output has doubled over the last decade — take that into account at #COP28

U.S. Mines More Bitcoin Than Any Other Country.

The top 10 countries for Bitcoin mining represent 93.8% of the entire network by hashrate—a measure of computational power—with the U.S., China, and Kazakhstan rounding out the top three. Together these three countries hosted nearly three-quarters of the network at the end of 2021. 

Country	Hashrate (%)	Renewable (%)
U.S.	37.8%	22.5%
China	21.1%	30.2%
Kazakhstan	13.2%	11.3%
Canada	6.5%	69.7%
Russia	4.7%	18.5%
Germany	3.1%	43.0%
Malaysia	2.5%	19.1%
Ireland	2.0%	38.6%
Singapore	2.0%	2.4%
Thailand	1.0%	15.5%
Rest of the World	6.3%	30.1%

Source: Hashrate (%): Cambridge Centre for Alternative Finance as of December 2021; Renewable (%) Ember, as of 2022.

China used to be the top spot for Bitcoin mining, up to 75% of global capacity, but a crackdown in the summer of 2021 saw their share drop to nil in just a couple months. Many miners relocated to nearby Kazakhstan, attracted by cheap electricity, loose regulations, and a ‘stable’ political climate, while others opted for the United States. A sizable covert mining scene has also emerged in China, now that the dust has settled.

Renewables Are Becoming BIG in the Share of Generation

At 440GW, the amount of new renewable electricity generation capacity (mainly solar) added this year will, for the first time, apparently be greater than total global nuclear generation capacity (413 GW).

https://twitter.com/patrickc/status/1685808077680107520