Around 49,000 people in Lake Tahoe will no longer get power from their main utility supplier starting May 2027. The power company is sending all of it to AI data centers instead.
Energy costs will go up, or they may not be able to get power at all.
I want you to understand how unusual this is.
6:49 AM on Monday: A sudden surge in oil futures trading, approximately $580 million in volume, no news, no announcement, nothing public.
7:05 AM: Trump announces a pause on Iran strikes. Markets move immediately.
Roughly $580 million in contracts were placed about 16 minutes ahead of the news.
Unusual.