All nonsense. Energy Realist.
Canada
Joined January 2021
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Remember when the world didn’t need the “tar sands”.
Remember when Alberta had the dirtiest oil on earth.
UPDATE: This is what the coasts of the Persian Gulf now look like. Unreal! The oil pill from tankers being hit regularly is drifting to shores and beaches across the Gulf now.
#Hormuz #Oman #UAE #Iran
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The commoditization of AI has begun
Upset a customer and they replace you
Ultimately competition will be on price and margins will shrink
Cancelling SuperGrok Heavy.
$300 a month. Paid for priority support and a working bot.
Usage jumped from 50% to 100% overnight after a restart. Routines were basic and unchanged. Locked out. Support told me I had used it. No human. 3 to 4 days. By then the damage is done.
Elon later said the serving cost was unsustainably high relative to revenue and pools were adjusted. Multiple users hit the same sudden 100% with idle bots. No notice. No chance to pause. No restore.
That is underhanded. My business stopped. I am removing everything from Grok Bot and not renewing.
@elonmusk @x @SpaceX @bot @cursor_ai
ALT Cancelling Grokbot super heavy
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Leading in AI means greatest willingness to lose money.
If models converge over time, then being first gives no moat.
Watch… xAI will build fastest so they can rent the compute… secure payback, let the “leaders” eat the loss
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$Spcx alone growing US natural gas demand by 0.5% to 1%
AECO wants GB300s too
Macroharder and Minihard both have 220k GB300s with 800 gig nics configured for training. Gun Range will have the same. Spam (used to house Hormel products) will have ~200k GB300s, but configured for inference, so much simpler networking and less than half the fiber.
I walked the whole Colossus 2 site around midnight and again this morning.
Good progress by the SpaceX team and contractors. Gun Range is tracking to be operational by end of November and Spam in December.
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Gazprom trolling the west
Alexey Miller: Gas prices in Europe exceed USD 1,200 per 1,000 cubic meters already in October, although this price level expected by Western experts not before autumn/winter peak demand
gazprom.com/press/news/mille…
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AI will cause massive unemployment among social media influencers and content creators.
GDP is about to take off as all <30year olds return to productive endeavours.
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Another Medivac has departed Wainwright
But this one is headed to Calgary.
Edmonton must be filling up.
This seems to be the range area where the Wainwright fire has broken out.
First image - Red lines are pipelines the round icons are wells.
Second image - heat/thermal overlay for the same area (shared by others on X)
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Still more medi vac aircraft headed to Wainwright.
This one just left Drumheller and headed toward Wainwright.🙏
First. Past. the. Post.
The reason Albertans want to leave.
East controls the vote and DGAF about Alberta.
My “Yes” is “Yes” for senate reform.
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This is either a parody account or…
His followers are exit liquidity
$CRWV isn’t paying 15% interest. Only 4% of their debt costs that.
I went through the Q2 10-Q line by line. Out of ~$35B in debt, exactly one loan sits at 15%. It’s $1.3B, due March 2028, and already being paid down.
The 15% chart going around is the market yield on their 2032 bond. A higher yield doesn’t change what CoreWeave pays. It works like a mortgage. If you locked in at 3% and rates go to 7%, you’re still paying 3%. CoreWeave locked that bond at 9.625% and still pays 9.625%.
What they actually pay
> $6.6B of convertibles at ~2%
> ~$10B of bonds at 9-10%
> Most secured loans around 9%
> ~8.4% blended across everything
They have roughly $20B of 2026 capex left to fund, and 2027 will need more. Their main funding tool has been loans backed by customer contracts. The investment grade one backed by Meta priced around 5.9% in March. If they keep borrowing that way, I think the math holds.
Zooming out, the AI trade still looks intact to me. $ASML reported record Q3 profit this morning and said lithography demand will outrun their supply in 2027 and 2028, even after adding ~30% capacity each year. Customers are already asking about 2029 and 2030 slots.
Demand is still outpacing supply everywhere I look. $CRWV $ASML
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Autonomous cars will results in more overall miles driven
Privately owned cars are the lowest possible miles driven per trip.
Autonomous may save cost for parking and cars but it is definitely bullish Henry Hub
I arrive in Austin and instantly see Cybercabs driving with no humans.
About to get a ride in one to hang out with the Tesla tribe.
You can’t call yourself a city of the future without autonomous cars. Lots of Waymo’s too.
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