Bitcoin mining generates immense heat as a byproduct, which has historically been wasted energy. Now, companies are packaging mining rigs as home heaters. While inefficient for heating, it represents a clever strategy of finding commercial value in operational waste, turning a liability into a potential asset.

The massive electricity demand from AI data centers is creating an urgent need for reliable power. This has caused a surge in demand for natural gas turbines—a market considered dead just years ago—as renewables alone cannot meet the new load.

Instead of focusing only on new technology, it's crucial to see how old technologies disrupt industries in new ways. Mala Gaonkar cites lithium-ion batteries, invented in 1976, revolutionizing the modern auto industry, and gaming GPUs from the past now powering the AI boom.

The insatiable demand for power from new data centers is so great that it's revitalizing America's dormant energy infrastructure. This has led to supply chain booms for turbines, creative solutions like using diesel truck engines for power, and even a doubling of wages for mobile electricians.

AI is rapidly automating knowledge work, making white-collar jobs precarious. In contrast, physical trades requiring dexterity and on-site problem-solving (e.g., plumbing, painting) are much harder to automate. This will increase the value and demand for skilled blue-collar professionals.

Three economists won a Nobel Prize for framing 'creative destruction' as the engine of modern progress. Unlike pre-industrial eras with stagnant growth, the last 200 years have seen constant improvement because society allows new technologies like cars to destroy old industries like horse transport.

The restructuring of the U.S. electricity sector wasn't purely ideological. It was a direct response to regulated utilities making massive, incorrect bets on demand growth, building unneeded power plants, and causing prices to skyrocket for captive customers. Competition was introduced to shift this investment risk from consumers to private investors.

It's the volatility and unpredictability within the supply chain environment—rather than the magnitude of a single shock—that can dramatically amplify the inflationary effects of other events, like energy price spikes. This suggests central banks need situation-specific responses.

The explosion of AI requires a vast network of new data centers, creating unprecedented demand for electricians. This supply-demand imbalance will make skilled trades, previously undervalued, the financial winners of the next generation.