“It's Giving Enron - by Dave Karpf”
https://davekarpf.substack.com/p/its-giving-enron
> the AI bubble isn’t predominantly giving off Pets.com or Global Crossing vibes anymore. It’s giving Enron vibes
Been saying this for a while. They're gonna Enron this shit until it explodes all over us
Recommendation: bring the AI bubble to a swift end by switching to solar & wind. Go off grid.
Starve the fossil fuel industry to starve investment in AI.
It's fossil fuel industry money that's keeping AI afloat,... for now.
Koch Network is doing what they did with rideshare startups, keep the scam going for a decade without expecting revenue or profit.
https://jacobin.com/2019/08/uber-koch-brothers-david-charles-rideshare-public-transit
The higher goal then was thwarting public transit projects & high speed rail.
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The fossil fuel industry made $3 billion in profit per day for 50 years, they might make AI last long enough to reach their goals.
https://www.theguardian.com/environment/2022/jul/21/revealed-oil-sectors-staggering-profits-last-50-years
https://www.theguardian.com/environment/2025/apr/03/trump-fossil-fuel-donors-data-centers
The goal this time is thwarting an utterly necessary fossil fuel phase out & ending democracy, IF people subsidize the AI bubble with double-digit electricity rate increases.
Solar panels, heat pumps, wind turbines.
The Saudis appear unperturbed by AI losses
https://www.reuters.com/world/middle-east/saudi-wealth-fund-net-profit-tumbles-60-2024-2025-06-30/
Baldur Bjarnason
Nicole Parsons
