Jackson

Long Oil & Bitcoin

[Jackson @wm__jackson]

Seems like it effects ALL TCEQ permits, but surely this should effect BTM off grid solutions, anyone have a read on this?

[Governor Abbott Press Office @GovAbbottPress]

Gov. Abbott directed the TCEQ to halt any new permits authorizing data center projects until ERCOT completes its audit.

No state agency shall move forward with approvals related to the development of data centers until that information is acquired.

[Jackson @wm__jackson]

@RetailBrokerHTX I like to think Transco’s CEO at the time, Jack Bowen, was the visionary

[Jackson @wm__jackson]

@zacurate Feels kinda rude of them to come at you like this

[Jackson @wm__jackson]

Double down

[Bitcoin Archive @BitcoinArchive]

MICHAEL SAYLOR ON CNBC: "We are buying bitcoin. We are accelerating our purchases." 🤝

[Michael Saylor @saylor]

We are ₿uying.

[Jackson @wm__jackson]

@oilmutt See maybe I need to stop screening the 300 shitters they send daily

[Jackson @wm__jackson]

@BTCBreadMan As is tradition

[Hedgie @HedgieMarkets]

🦔Meta is hiding $30 billion in AI infrastructure debt off its balance sheet using special purpose vehicles, echoing the financial engineering that triggered Enron's collapse and the 2008 mortgage crisis. Morgan Stanley estimates tech firms will need $800 billion from private credit in off-balance-sheet deals by 2028. UBS notes AI debt building at $100 billion per quarter "raises eyebrows for anyone that has seen credit cycles."

The Structure
Off-balance-sheet debt through SPVs or joint ventures is becoming the standard for AI data center deals. Morgan Stanley structured Meta's $30 billion in an SPV tied to Blue Owl Capital, making it easier to raise another $30 billion in corporate bonds. Musk's xAI is pursuing a $20 billion SPV deal where its only exposure is paying rent on Nvidia chips via a 5-year lease. Google backstops crypto miners' data center debt, recording them as credit derivatives.

My Take
This is 2008-style financial engineering repackaged for AI. The key difference from the dot-com era is growth was financed with equity then. Now there's rapid capex growth driven by debt kept off balance sheet. When chips estimated to last five to six years may be obsolete in three, and companies structure deals where their only exposure is short-term leases, that's hidden leverage creating the opacity that preceded past crises. Meta keeping $30 billion off its balance sheet while UBS warns about $100 billion quarterly AI debt buildup shows the pattern I've been documenting where leverage accumulates outside traditional visibility.

Hedgie🤗

[Tony Sneedprano 🤟🇮🇹🥩🍝🍕🤌🦆🐎🍳🥃🤟 @TonySneedprano]

>be me
>artie bucco.png

[1X @1x_tech]

NEO The Home Robot
Order Today

[Rob Wilson @rleewilson21]

1/
Energy Transfer plugs into the Texas data center boom.
ET just inked a deal with Fermi America to fuel the 11 GW HyperGrid project — a first-of-its-kind, off-grid AI power campus in Amarillo.

#Energy #AI #NaturalGas

[Jackson @wm__jackson]

@rocks_boffin

[Aubrey___K @Aubrey___K]

🚨Permian Used Ford Raptor Index is down -3 since last month and -9 since we began tracking in April 2025 🚨

WE ARE BACK! Crude to the moon.

[Jackson @wm__jackson]

@ShaleTier7 Too expensive

[Jackson @wm__jackson]

@Tejanobrown Oil is dead bro

[Jackson @wm__jackson]

@Aubrey___K I believe their pipe was acquired in Midland, I forget by who, no news release

[Jackson @wm__jackson]

Electric

[Fore Play @ForePlayPod]

“Go out there and play like you have the country on your back– because you do.”

CHILLS 🇺🇸🇺🇸🇺�

[Jackson @wm__jackson]

@litcapital The good old days when you could actually choose your seat selection

[:) @smileycapital]

you guys ready?

[Jackson @wm__jackson]

Fed cut rates by 35 basis points

Me….

[South Dallas Foodie @SouthDallasFood]

I have no idea but I can’t look away😳