Archive Category: Green Zone Fortunes Updates

The midterm results are in, and Democrats will hold commanding majorities in both the House and the Senate. So what does that mean for us here at Green Zone Fortunes? First, a reminder: this is the Green Zone. Not the Red Zone. Not the Blue Zone. Not even the Purple Zone.

In 2006, President George W. Bush stood in front of Congress and said it plainly: America was addicted to cheap foreign oil. We’d grown too lazy and too complacent, and we needed to fight for our country’s energy independence as a matter of national security. As a Texan, Bush’s fix seemed obvious. Make more of our own fuel.

Film buffs will recognize the title. It was the subtitle for Dr. Strangelove, the 1964 dark comedy directed by Stanley Kubrick in which a rogue American general orders a nuclear strike on the Soviet Union, ushering in a nuclear apocalypse. Well, don’t worry. I’m not here to talk about the end of the world. I’m not even here to talk about the end of the bull market.

It’s been a rough few weeks for the AI infrastructure trade. The share prices of memory and chip makers continue to slide as investors grapple with the sustainability of today’s rampant data center spending. Still, the AI infrastructure boom is the single biggest megatrend of our lifetimes, and I suspect we’re still in the middle innings with a lot more ballgame to go.

I can’t say the war in Iran is over… For all we know, it may drag on in some form or another for years. Still, life has a way of going on. Around 10 million barrels of crude oil per day are passing through the Strait of Hormuz, even with the threat of attack from Iran.