The Problem With DeepSeek’s Energy Breakthrough

CITY JOURNAL………. Unsurprisingly, the news that China’s DeepSeek AI had leapfrogged competitors triggered an investor sell-off. It dragged down Nvidia, the American chipmaker powering the AI revolution, as well as related tech stocks, from Micron and Advanced Micro Devices to manufacturing juggernaut TSMC. There is, after all, some wisdom in worrying that we don’t know who…

Energy Delusions: Peak Oil Forecasts

For decades, the International Energy Agency (IEA) was the world’s gold standard for energy information and credible analyses. Following the commitment of its member governments to the 2015 Paris Agreement climate accords, the agency radically changed its mission to become a promoter of an energy transition. In 2022, the IEA’s governing board reinforced its mission…