Crypto startup tries to pour a barrel of oil on the blockchain
The Energy Substitution team includes (from left) Will Harris, Katie Oates, Lucas Harris and Chris Erickson in Larkspur, California. (Brian Banducci/Bloomberg) July 9, 2026 12:19 pm, EDT key takeaways: Energy Substantiation launched a blockchain token, WTIC, designed to represent a barrel of West Texas Intermediate crude and enable retail oil ownership and 24/7 trading. This