$TURBINES - Gas turbines are completely sold out through 2030 due to surging demand from data centers and the return of natural gas power generation, creating a multi-year supply shortage
$LNG - US LNG has become strategically critical for European energy security and global geopolitics, with the US now the world's largest exporter and capacity set to grow 50%
$RAREEARTH - Critical minerals face urgent supply chain crisis with China controlling 90% of processing, creating opportunities for Western rare earth development as automakers report only weeks of supply
$NUCLEAR - Nuclear energy is experiencing a renaissance with $6 billion in venture capital, tech company involvement, and small modular reactors expected to deploy around 2030
$DATACTR - Data center infrastructure demand is driving electricity prices up at twice the rate of inflation as hyperscalers consume massive amounts of power
Bearish:
$EUINDUST - European industrials face severe headwinds from regulatory burdens and energy costs, with companies abandoning even 80%-complete facilities
$COAL - Coal plants continue to be retired as natural gas generation returns to the market, despite temporary delays in some closures
$WINDSOLAR - Energy transition has become energy addition rather than replacement, with hydrocarbons still at 80% of energy mix despite renewable growth