Mobius Risk Group

Award-winning strategy and risk technology for energy, metals, agriculture, and carbon.

[Mobius Risk Group @MobiusRiskGroup]

Gas turbine prices are set to rise 195% by 2027 (Wood Mackenzie). The scarce input for AI is firm power, not chips. AI buildout is a power procurement program with a fuel curve.

Governing metric: tokens-per-MMBtu. https://t.co/G3ribeZaGp

[Mobius Risk Group @MobiusRiskGroup]

That puts a hyperscaler's cost curve in the same room as a gas producer's. Two businesses that used to have nothing to say to each other now share a governing variable.

Read the white paper: https://t.co/Rw2N12xeVM

[Mobius Risk Group @MobiusRiskGroup]

Mobius's framing for AI infrastructure: the only metric that matters is tokens per gigawatt — which in today's physical reality is tokens per MMBtu.

[Mobius Risk Group @MobiusRiskGroup]

Compute output is bounded by energy in. The dominant data center model feeding that compute is behind-the-meter and gas-fired. So the unit economics of an AI build run straight through the natural gas market — price, basis, and transport on the molecule that powers the rack.

[Mobius Risk Group @MobiusRiskGroup]

Mobius has managed the gas and power risk stack since 2002. We now have roughly 8–10 GW of data center gas demand under active management.

The platform overview covers the full model. https://t.co/G3ribeZaGp

[Mobius Risk Group @MobiusRiskGroup]

The data centers driving AI load growth aren't buying power. They're buying gas.

[Mobius Risk Group @MobiusRiskGroup]

Most operators still manage that position the way they'd manage a facility line item. The ones financing them are starting to ask why.

[Mobius Risk Group @MobiusRiskGroup]

Listen and watch here or wherever you get your podcasts https://t.co/wiklpOsEAR

[Mobius Risk Group @MobiusRiskGroup]

New on The Energy Desk:

Regional power market dynamics, shifting resource usage, and the reasons to pay attention to your basis risk exposure

Link in comments.

[Mobius Risk Group @MobiusRiskGroup]

→ The data center demand question — committed load that could nearly double ERCOT peak demand, and forward curves that haven't repriced

[Mobius Risk Group @MobiusRiskGroup]

Intel Brief: Fund Positioning — Henry Hub's Short-Covering Risks

Fund managers have built an unusually heavy short position in natural gas. Our latest brief looks at what speculative positioning is signaling across the crude and gas complex right now.

https://t.co/B6NBj4gxwT

[Mobius Risk Group @MobiusRiskGroup]

Daily Market Update: May 19 in oil and gas markets

Crude pushed higher and natural gas rallied across the summer strip as the market looked past soft near-term fundamentals toward warmer Jul/Aug forecasts.

Full update on https://t.co/oWncl6tULo

[Mobius Risk Group @MobiusRiskGroup]

The headlines focus on crude. The episode argues the disruption is showing up most clearly in refined products.

Full conversation on The Energy Desk.

[Mobius Risk Group @MobiusRiskGroup]

New episode of The Energy Desk is out.

From kinetic operations to an indefinite ceasefire and an economic blockade against Iran, the UAE's exit from OPEC, its plan to bypass the Strait of Hormuz, and more. https://t.co/59XilK4bCO

[Mobius Risk Group @MobiusRiskGroup]

Weekly fund manager update: futures and options positioning across crude, products, and natural gas — translating raw data into 10-yr percentile context tied to the prevailing macro narrative.

https://t.co/U7r860Os3n

[Mobius Risk Group @MobiusRiskGroup]

From the latest Daily Market Update - subscribe to get the synthesized output of a commodity desk without having to staff one.

The latest issue:
- Crude complex recap with drivers and API inventory estimates
- EIA May STEO breakdown
- Natural gas fundamentals
- Forward calendar

[Mobius Risk Group @MobiusRiskGroup]

Mobius Research: Daily Market Update - May 12, 2026

A 3-min brief with crude and gas settlements/drivers, key inventory and fundies data, and a forward calendar of market-moving events.

Read / Subscribe: https://t.co/CfU55u2nyU