Oil companies are full speed ahead in the Middle East
Summary
Oil majors continue investing in the Middle East despite the Iran war, while the conflict has created a £12 billion hole in UK public finances. Meanwhile, China is rapidly expanding AI data centers in Inner Mongolia, leveraging cheap energy to close the gap with the US. The episode also covers asset managers buying discounted French bonds and growing investor concerns over SpaceX’s massive debt issuance for AI chips.
Topics discussed
Sponsor: Hard Lessons podcast
Introduction and today's headlines
Oil companies invest in Middle East despite war
UK public finances hit by Iran war costs
Investors buy discounted French and EU bonds
China's AI data center boom in Inner Mongolia
SpaceX credit risk and debt concerns
Show notes and sign-off
Sponsor: The Next Five podcast
Sponsor: Strategic Alternatives podcast
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