The bill comes due.
Seeking Alpha (5/14/24) reports: "Electricity inflation reached the highest point in 40 years due to data center and artificial intelligence demand surge. According to a BofA Securities report, U.S. electricity reached a three-year annualized change of more than 8%, the largest since the early 80s, around the time of the Iranian Revolution when electricity inflation reached more than 13%. This is happening as electrification, data centers, onshoring, AI, and electric vehicles demand is surging. In addition, BofA reported that fund managers are embracing 'old economy' sectors -- energy, materials, and industrials -- for the first time since 2022."
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"I am unapologetically in the optimist camp — people are amazing. We should not lament the fact that there are more than 8 billion of us, but rather work together to ensure bright futures for as many as possible."
– Roger Pielke Jr., AEI
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