{"podcast":{"title":"The Flying Frisby - money, markets and more","slug":"the-flying-frisby-money-markets-and-more-161147","podcast_index_feed_id":161147,"rss_url":"https://api.substack.com/feed/podcast/741404.rss","website_url":"https://www.theflyingfrisby.com/podcast","image_url":"https://substackcdn.com/feed/podcast/741404/3b0c4a7fd00a901c53a5b3c2e1528ed2.jpg","author":"Dominic Frisby","episode_count":622,"summary":"Thoughts on markets and occasional interviews","last_synced_at":"2026-07-12T08:19:40.461289+00:00","page_url":"https://stenobird.com/podcast/the-flying-frisby-money-markets-and-more-161147"},"episode":{"title":"Powering the Machine","slug":"powering-the-machine","published_at":"2026-02-18T14:42:52+00:00","page_url":"https://stenobird.com/podcast/the-flying-frisby-money-markets-and-more-161147/powering-the-machine","show_page_url":"https://stenobird.com/podcast/the-flying-frisby-money-markets-and-more-161147","url":"https://www.theflyingfrisby.com/p/ai-runs-on-fossil-fuel","audio_url":"https://api.substack.com/feed/podcast/188374242/55b193a379c8be49e021b49ddb1d71bd.mp3","summary":"This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com I’m watching amazing video after amazing video made by AI. They’re almost as gripping as the Lowe-Farage blood feud.Hollywood is being “dis-intermediated”, to use the tech lingo. Just as television went from scheduled to on demand, now the content itself is moving that way. Want a different ending to Game of Thrones? Soon you will generate it. And that’s just video. What about everything else? Even if just a fraction of the AI hype actually scales, one thing is certain: we are going to need more electricity More data centres. More compute. More cooling. More fabrication. More automation. Doesn’t matter where you are in the world - Asia, Africa, America, Europe - energy consumption is going to go up. Because that is what humans do. As we evolve, we consume more energy. We also get better at consuming energy. It’s called progress. Despite ESG orthodoxy, wind and solar subsidy and build, and everything else, global oil consumption keeps rising. That’s because it is currently the best form of energy. Cheap energy is the foundation of industrial competitiveness. An economy cannot compete if its energy costs twice as much as its rivals. Despite this inevitability, those in charge of energy policy - and Western Europe is the biggest offender - would have us consume less energy, and make it more expensive. So, because of the idiots, this sector has been starved of investment capital. It’s all summarised here in the bell curve. Even in the US, the sector has been starved of investment. Currently energy represents about 3.3% of the total S&P 500 market value. I know times have changed but in the early 1980s this was above 25%.Here is S&P energy to S&P ratio over the last 25 years. T…","meta_description":"This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com I’m watching amazing video after amazing video made by AI. They’re a…","key_points":[],"chapters":[],"topics":[],"duration_seconds":252,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-flying-frisby-money-markets-and-more-161147/episodes/powering-the-machine/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-flying-frisby-money-markets-and-more-161147/powering-the-machine.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}