White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.
In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.
As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.
Your linked AI slop post has a LOT of assumptions and it’s kinda expensive. If the total system capex is 50k for 1 kW load, it’ll be 500 million for a modern 10MW data center. Then covering the deficit off employee BEVs for peanuts a kWh: That assumes you have enough employees for that and that they’re willing to wear their batteries for this.
But yes, the whole ethanol requirement is stupid for a country that has its own oil anyway
You’re right about cost assumptions of renewables. Like I said, tariff free Chinese costs + 30% local premium results in 0 electricity costs if $2/kg hydrogen revenue. Higher costs would still pay off at 10c/kwh from datacenter/other sales.