Originally published at: https://peakprosperity.com/the-biggest-untold-story-of-2025/
My good friend Kenny McElroy did me the honor of inviting me once again to present at his Limitless conference in Dallas. This report consists of the audio recording of that presentation with the slides helpfully overlaid so you can follow along more easily.
My topic? The bunker-busting news from the US EIA is that US oil production is set to peak in 2027. I think it already has, and we’ll know that by year-end, but even if the timing is off, that doesn’t modify the impact of this story.
Energy is everything!
The US just banged through its shale reserves as fast as it possibly could, and is set to do the same with its natural gas reserves.
I have to keep asking, is anybody in a position of power tracking all this and making sincere plans? If they are, they’re doing a swell job of keeping those plans hidden from public view.
Adding an enormous strain to the system is the advent of AI data centers gobbling up enormous amounts of power. Again, without any serious plans being publicly proffered for where and how all that electricity is going to originate.
And, oh, hey, AI is also a water pig, needing copious amounts of fresh and pure water for its cooling needs. What’s AI? And electricity pig on one end, and a bottomless sinkhole for water on the other. But it does make really cute videos of cats on demand, so there’s that.
At any rate, I hope you enjoy this presentation and will vigorously challenge and debate it in the comments below. The topic is too important to either ignore or get wrong. So let’s do neither.
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