# Super-Spiked Videopods (EP83): Then and Now: Five Thoughts On Energy Super-Cycles

Page: https://stenobird.com/podcast/super-spiked-podcast-4587357/super-spiked-videopods-ep83-then-and-now-five-thoughts-on-energy-super-cycles
Text version: https://stenobird.com/podcast/super-spiked-podcast-4587357/super-spiked-videopods-ep83-then-and-now-five-thoughts-on-energy-super-cycles.md
Podcast: [Super-Spiked Podcast](https://stenobird.com/podcast/super-spiked-podcast-4587357)
Published: 2025-11-08T14:00:00+00:00
Episode link: https://arjunmurti.substack.com/p/super-spiked-videopods-ep83-then
Audio file: https://api.substack.com/feed/podcast/178275426/4067432066d373cbdd648483e7e3dd55.mp3
Processing state: processed
JSON: https://stenobird.com/v1/public/podcasts/super-spiked-podcast-4587357/episodes/super-spiked-videopods-ep83-then-and-now-five-thoughts-on-energy-super-cycles
Duration seconds: 811

## Resource

In last week’s Super-Spiked ( here ), we wrote about Power being the third super-cycle in our lifetime. In this week’s short video podcast, we wanted to share some thoughts on how the early days of the China-BRICs expansion compares and contrasts with the current AI-driven mania and its impact on power markets. We are calling this “Then and Now” with the aim of trying to take the best lessons from the last super-cycle so we can be better prepared and hopefully do a better job navigating the current one. We have five points to make: (1) Global GDP acceleration coming? Will we see an acceleration in global GDP back above 3.5% and possibly 4% versus the slower 3% or so that we have been seeing in recent years? One of the big things most oil analysts got wrong early in the China/BRICs period was that global GPD was accelerating, in that example led by China but ultimately spilling over to many other parts of the world. Today, we see signs that energy usage in both China and the United States is on-track to be better than many had feared for 2025. That’s not the same thing as saying we are back to boom times like 20+ years ago. But it does bear watching. (2) All commodity areas benefitted from the China/BRICs expansion Oil most notably, but natural gas, coal, steel, copper, etc., all had their own period of strong performance. It is our assessment that oil was the most important of the China/BRICs commodities given its size and global criticality. This go round we see oil as merely a beneficiary of a power super cycle, not its driver. And to be clear since some of you have asked, oil markets will benefit from general economic expansion that will come from a Power Surge as well as the increased construction activity from building data centers. We are not arguing for oil-fire…

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