☆ Yσɠƚԋσʂ ☆Mar 9

Qatar warns that oil could double to $150 a barrel and 'bring down the economies of the world'

https://lemmy.ml/post/44224902

Qatar warns that oil could double to $150 a barrel and 'bring down the economies of the world' - Lemmy

Lemmy

Show threadlnxtx (xe/xem/xyr)Mar 9
First to turn off are those AI data centers.
Show threadISOmorphMar 9
Probably not quite what you had in mind, but that might actually happen. The saudis are the main investors in AI. If they can’t sell their oil, they might be forced to pull out. It could burst the AI bubble all together and crash the US economy.
Show threadHobbitFoot
The increased energy costs will also likely cause an increased investment burn rate.
Mar 9 at 12:33pmWeb