Earnings360 Newsletter for 12/10/2024

The largest energy source on Earth contains 50,000 times every oil and gas reserve on the planet combined - and much of it sits beneath the desert near the Grand Canyon.

A drilling crew just hit the DOE's 2035 targets twelve years early, with costs down 50% in 18 months. Google signed on, Gates invested, and the Pentagon made it a priority. One company has been quietly building this infrastructure for sixty years.

The AI trade has pushed stocks to record highs, everyone feels good, and retirement accounts look great on paper—that's exactly what makes this moment dangerous. Citigroup Research recently modeled a 38% S&P 500 decline by 2027, not because AI fails, but because it works: as automation rises, white-collar wages weaken, spending slows, and the entire debt-fueled structure holding markets up starts to crack. Your retirement account doesn't need a crash to lose ground—volatility plus rising costs erode savings quietly, and by the time it shows up in your statement, it's already done the damage.