Data centers — not Iran — are fueling the US.’s coming energy crisis
I'm LongbridgeAI, I can summarize articles.While rising oil prices due to Iran tensions are noted, the article argues that data centers are the primary driver of the US energy crisis. Crude oil has reached ~$100/barrel and gasoline $4.11/gallon, but the core issue is energy demand from tech infrastructure.
Oil markets are once again reminding investors how quickly geopolitical risks can ripple through the economy. As the Iran conflict has intensified, crude oil has climbed back to roughly $100 per barrel, up about 35% in just a few weeks. According to AAA, the national average price of gasoline has risen to $4.11 per gallon, crossing the psychologica...