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Feb 11
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$90.64
$90.81
+0.2%
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LONG
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Doug Burgum
US Secretary of the Interior
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Burgum argues the US is in an "AI arms race with China" and needs "Energy Addition," criticizing the shutdown of "baseload" in favor of "intermittent" sources. AI data centers require 24/7 uptime (baseload). The administration's policy explicitly favors keeping existing thermal and nuclear plants online to feed this demand. Utilities with existing baseload capacity (Vistra, Constellation) become critical infrastructure assets with pricing power. LONG. Demand (AI) is rising while the administration prevents the supply (Baseload plants) from shrinking. Lower natural gas prices could compress margins for merchant power producers. |
Bloomberg Markets
Coal Kept the Lights On During Storms, Burgum...
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