bitcoin are coming to gas near

· 1 min read
bitcoin are coming to gas near

“We’ve been able to come in to help operators reduce their flaring,” Cully Cavness, Crusoe’s president and co-founder, said at a June presentation to the oil and gas commission. “It is a cost-free mechanism to reduce flaring.” Then, central banks started raising rates to fight inflation, and the dollar strengthened significantly, seducing investors as the ultimate safe haven. At  memo crypto wonderland , the economy began to sour and those new investors who still viewed bitcoin as a risky asset exited in droves. The crash caused a wave of bankruptcies among young companies like crypto trading platforms, Voyager and Celsius. View FAQView our knowledge base to address the most common questions customers have If that well is close to a pipeline, that associated gas can be sold to a power plant or used to heat homes.But some wells are a long way from pipelines, and it doesn’t make economic sense to connect them.That gas is called stranded.