The promotion of renewables by AI-owning investment firms is similarly confused. Either AI thrives in a world powered by the proven, reliable bounty of fossil fuels and nuclear fission, or it starves on wind, solar and wishful thinking. In addition — though the full exploration of this is a topic for another day — a decarbonized economy will suffer from low productivity and anemic growth because of renewables’ inefficiency and lack of energy density. This means that nationwide economic growth — the wind at the backs of all companies – will experience its own Dunkelflaute, enfeebling the returns of every investor and every investment organization, not just those that own AI stocks.
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