AI Data Centers Need More Power: Could Oil Could Be the Answer?

Oil Market Dynamics - Oil demand seems to be vanishing, with uncertainty about its destination [1] - Oil prices are relatively low compared to historical levels, even when compared to gas prices [2] - Low oil prices could lead to a tightening of the oil market [2] - Oil constitutes about a third of the energy consumed [2] Pricing and Historical Context - Oil averaged $60 per barrel in 2009 [1] - Oil prices in 2009, adjusted for inflation, were relatively low [1] - Oil averaged $60 per barrel in 2006 [1] Potential Future Scenarios - Low oil prices could lead to a resurgence in oil usage for power generation, especially in a world craving electrons [2]