Energy
The system underneath every other system: oil, gas, coal, nuclear, renewables, the grid, storage, and the politics that connect them. It follows the 2026 Hormuz crisis from the first strikes to October and the security turn since 2022. Where the field argues, from marginal pricing and nuclear's revival to the size of the AI load and whether the world is in a transition at all, each side makes its case before the evidence. The turning points from the 1973 embargo to the Hormuz closure show each as the failure of an assumption about supply.