GoKawiil
Tech News
A new BloombergNEF report forecasts that US data centers will consume roughly 18 billion cubic feet of natural gas per day by 2035, nearly double its estimate from nine months earlier. That figure would exceed the combined natural gas consumption of Germany and Japan, with grid-connected facilities accounting for the bulk of the growth rather than onsite gas plants built by companies like Meta, Microsoft, Google and Amazon.
Since the Strait of Hormuz closure sent Brent crude up 58% year-on-year, the European Commission has only trimmed its 2026 growth forecast from 1.5% to 1.1%, with unemployment steady near 6%. That resilience stems from a structural shift: Russian gas has dropped from 45% to 12% of EU imports while US LNG now supplies two-thirds of Europe's gas, backed by $750 billion in commitments through 2028, and EU output uses 44% less energy per euro than in 1995.
Iran reportedly struck two U.S. bases in Jordan after American forces hit Iranian rocket launchers on Larak Island, the first direct exchange of fire between the two countries in over a month. The clash, confirmed by U.S. Central Command, followed concerns that Iran was preparing to launch sea-mine-equipped rockets into the Strait of Hormuz, and it sent oil prices up more than 3%. Meanwhile, Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh headed to North Carolina for G20 finance meetings, and Trump separately announced a deal giving the U.S. control over more than 65 billion barrels of Venezuelan oil reserves.
A venture capital commentator argues that the next major wave of American innovation is shifting from software toward physical infrastructure like energy, logistics and manufacturing, and that the Gulf South region is positioned to lead it. The region accounts for over 40% of US crude production and half of national refining capacity, alongside major LNG, aerospace and defense hubs, plus global trade links to Latin America, Africa, Europe, the Middle East and Asia. The author points to events like the 3rd Coast Venture Summit in New Orleans as evidence that founders and investors are already organizing around this thesis.