Shale Play Bitcoin
Tom Masiero, Great American Mining, gives an update from his Bitcoin mining endeavors across Shale Play USA.
Masiero explains how the Bakken’s marketplace has been created due to regulations whereas in Texas capitalism still exists, for now. Masiero reacts and responds to the recent discussions by the Texas Railroad Commission in the world of emission management, flaring and regulations.
Shell takes $22B write-down
Royal Dutch Shell PLC is writing down the value of its assets by up to $22 billion because of lower energy prices following the demand-sapping coronavirus pandemic.
The write-down follows that by BP PLC, which was on a similar scale earlier this month. Lower oil and gas prices brought on by the pandemic and uncertainty over the pace of the transition to lower carbon energy have caused major oil companies to question the value of their reserves.
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New Housing in Watford City
Daniel Stenberg, McKenzie County Economic Development and Job Development Authority, talks about how the heart of the Bakken is still active and there are even people taking advantage of the COVID Shutdown by building single-family homes in Watford City.
“Fact is we are still in a housing shortage in our community. There are still people looking for single family housing,” Stenberg says. “We have over 40 permits just in the city of Watford City.”
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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