Uncomfortable truths in energy markets: The road ahead
First published on: 12/8/2026
How AI, energy sovereignty, infrastructure investment and geopolitical risk are reshaping global energy markets
In our latest white paper, Uncomfortable truths in energy markets: The road ahead, our CEO Andrea Stone examines how AI-driven power demand, energy sovereignty, infrastructure investment and geopolitical disruption are changing the way energy and commodity markets behave.
The paper explores what the race for “speed to power” means for energy and AI infrastructure investment, what disruption in the Middle East reveals about interconnected energy and commodity risk, and why persistent energy market volatility demands a different approach to decision-making.
Executive summary preview:
Energy markets are being reshaped and repriced in real time. Sovereignty, not efficiency, now drives policy; and AI has made power a geopolitical asset, quoted in gigawatts rather than gigaflops. Capital is following suit, organizing into coalitions built for speed to power rather than optimized yield — even as duration mismatches and canceled data center projects expose the limits of this model.
Meanwhile, the war in the Middle East has proven that risk cannot be siloed. Crude, LNG, fertilizer, freight, and food prices now move if not as one system, then certainly in response to each other. These are not three separate challenges but one: the old, stable, centralized market is gone, and there is no single fix, whether that is more infrastructure, more capital, or more diversification.
What’s required is Decisioning Architecture: probabilistic, cross-asset, real-time intelligence built to act decisively in multiple possible futures.
This paper considers:
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Why has AI turned energy policy into a matter of national sovereignty?
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How is capital adapting to the demand for “speed to power” in energy and AI infrastructure investment?
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What did the Strait of Hormuz closure reveal about interconnected risk across energy and commodity markets?
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Why volatility is here to stay, and what energy market leaders need to navigate it effectively?
Read the full white paper to explore what these shifts mean for energy market leaders — and how to make better decisions in a more volatile, interconnected market.
Download the white paper
