U.S. energy markets and policy are heading toward the equivalent of a multicar pileup in 2026.

The key factors are consumer frustration with rising energy prices, Trump administration policies that are making the problem worse despite promises to make it better and a growing awareness that investment in AI data centers is part of a bubble that could pop at any time.

1) To produce them or
2) To plunder them.
When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time, a legal system that authorizes it and a moral code that glorifies it.

-Paul Valery

n 30 May last year, Kim Sajet was working in her office in the grandly porticoed National Portrait Gallery in Washington DC. The gallery is one of the most important branches of the Smithsonian Institution, the complex of national museums that, for almost 200 years, has told the story of the nation. The director’s suite, large enough to host a small party, has a grandeur befitting the museum’s role as the keeper of portraits of the United States’ most significant historical figures. Sajet was working beneath the gaze of artworks from the collection, including a striking 1952 painting of Mary Mills, a military-uniformed, African American nurse, and a bronze head of jazz and blues singer Ethel Waters.

“History doesn’t repeat itself, but it often rhymes,” Mark Twain allegedly quipped. On January 3, 1990, Panamanian Commander Manuel Noriega surrendered to US forces, who carried him off to face drug charges. Thirty-six years to the day later, US forces swooped into Venezuela, abducting President Nicolás Maduro and his wife, following decades of hostility between the oil-rich socialist country and the United States. The pretext offered: Maduro had to be taken to the US to face drug charges.

The Trump administration has issued a death warrant for science. This kills one of America’s greatest most productive avenues to GDP growth. Simple-minded people are determining the future course of the country. After all, science is foundational to America’s economy.

This legacy for America is destined to be the antithesis of what’s found in the writings of Marcus Aurelius’ world-famous notebooks, filled with words of wisdom about leading an honorable life, Meditations, one of the world’s great pieces of literature by one of the wisest minds of the ancient world Marcus Aurelius Antoninus (121-180 CE) the 16th emperor of Rome collected thoughts in notebooks, now considered one of the most important Stoic texts of all time and common text for America’s universities today. Marcus is now stronger than ever as one of the most widely read works of philosophy in the world. Will this administration leave a “notebook” like Marcus’s for history to judge… virtue, honor, respectfulness, pursuit of the common good? Hmm.