Written by Michael Thervil
Yesterday was the first day of the 2025 CERAWeek in Houston Texas. During the first day of this 5-day conference, attendees had the opportunity to attend the plenary session which featured some of the top world and thought leaders from around the globe. In the past it used to be robotics that stole the show when it came to conferences like these, but in today's day and age, there are two dominant industries that have replaced robotics, and that is energy and Artificial Intelligence. If there is one thing that everyone who follows geopolitics can agree on is that the world needs more energy. But the question that rings alarm bells in everyone's mind is: “How much is it going to cost?”
With Artificial Intelligence at the top of the list in terms of energy consumption, world leaders from the top executives at American Airlines to the top executives at Phillips 66 are scratching their heads trying to figure that out. The one complaint that they all had in common was that there were too many regulations set in place by both the federal and local governments that tend to stifle progress when it comes to finding and implementing new innovative solutions to counter the issues that they’re facing.
The opening of the plenary session was the Trump Administrations United States Secretary of Energy Chris Wright who appeared to be a stark proponent of more not only the United States being energy dominant across the world, but he also stated that he strongly in favor of the United States being energy independent. Many geopolitical pundits are wondering if U.S. Secretary of Energy Chris Wright's bullish position on America being both energy dominant and independent are even achievable in the new multipolar world. With the United States purchasing roughly 28 percent of their uranium from Russia, the question now becomes “if America stops exporting uranium from Russia and decides to make itself energy dominant and independent, who are they going to get to mine uranium in the United States?”
The next question that follows is: “how much are they going to pay people?” Remember, the goal is to buy low and sell high and with younger Americans graduating from colleges and universities at a pace never before seen it's kind of hard to see them wanting to “get dirty” and mine uranium. It's bad enough that new college graduates can barely find jobs, now are we expecting them to go through four years of school only to work at a job that barely requires an associate’s degree? Employers can’t really rely on illegal migrants to do the work because Trump is deporting that sector of workers who tend to get exploited out of the country.
Even though the first day of CERAWeek 2025 is an absolute great one with some of the best heavy hitters on the planet being featured, it seems that these heavy hitters are missing the mark in many ways when it comes to addressing both the geopolitical and socio-economic issues that plague not only the United States of America, but the international community.
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