Jordi Visser

I posted one thing this week outside of kind of my, my, um, papers and sub stacks.

And it was a post on Venezuela because I had read a lot of things that people posted very focused on oil and.

I think people have to understand that there's the power side, but we're not seeing natural gas and oil spike higher.

It's not happening.

And the reason it's not happening is because the bottleneck is actually not with energy.

We have plenty of energy in the United States of America.

We have natural gas everywhere, and arguably other countries of the world could tap their natural gas as well.

So we don't have a shortage of the commodity.

We have a shortage of the infrastructure to get the commodity into the data centers for the AI.

So that's why you see DRAM prices going through the roof.

You see copper going through, silver going through.

They're all necessary.

And again, so people understand copper,

could double from here.

It doesn't change the cost of a data center.

It is such a small component, which is why you want to be long copper.

You want to be long silver.

You don't want to be fading these things.

This is not some speculative thing.

This is hoarding because they're necessary for electrification.