Understanding complex macro trends about the energy sector with few words and simple charts. Please reach out for feedback and inquiries.

April 2026 — Energy independence, oil and gas shocks, and AI

As the 2026 energy crisis unfolds, the discourse around energy and artificial intelligence (AI) appears rife with contradictions. The United States is called energy independent and energy constrained in the same breath. China is portrayed as both the energy and AI winner, yet the biggest casualty of oil and gas disruptions as a result of the ongoing conflicts in the Middle East. To reconcile those elements, we tackle the following questions, with charts:

1. ⁠How exposed are the United States and China to oil and gas shocks?

2. ⁠What is actually constraining AI energy supply?

3. What should corporates, investors, and governments do about it?