Post #4103867

2026-07-25 23:36 UTC

@phil_stevens@mastodon.nz @pezmico@mastodon.nz True, the Ai boom is largely being funded by Gulf oil profits that due to the now struggling US petrodollar deal all gulf oil profits have to be invested in either US treasury bonds or in US stocks. Due to Trump’s failing illegal war on Iran those oil profits are no longer being made to be invested. Give it a few weeks/months and watch the entire thing collapse.

Replies (1)

@BobLefridge@mastodon.nz 2026-07-26 01:32

While the fast-tracked Datagrid project has been calculated to use 280 megawatts, the company has a secret plan to make it four times bigger and thirstier at 1000MW. An MBIE briefing from last year reveals Datagrid's goal is ‘‘almost double the consumption of the Tiwai Point smelter’’, currently NZ’s largest single electricity user. Datagrid want to nab a quarter of NZ's total electricity supply. However an Electricity Authority (EA) spokesperson said the authority had ‘‘not been informed’’ of the data centre’s ‘‘final capacity’’. Of course they haven't. And because Luxon's coalition is so naive, there are also datacentres being planned for Twizel, Ohau, Geraldine and Cromwell. The plan is to fill NZ with offshore-owned datacentres churning out AI-slop. And they're guaranteed continuous power at a fraction of the cost paid by consumers. The Greens have exactly the right idea. https://archive.ph/pFOXt#selection-1381.0-1393.103 @jeremy_pm@mastodon.nz @phil_stevens@mastodon.nz @pezmico@mastodon.nz #Datagrid #Datacentres #NZ

Open ##4103866