Energy and Capital Archives

The 50-Year Ghost of Fenton Hill

Written by Keith Kohl
Posted September 17, 2026

Close your eyes, and picture a drill rig sitting on a mesa in New Mexico, grinding down through granite that hasn't seen daylight in a billion years. The year is 1974. We’ve been entrenched in...

The Secret Solution to Wolfram Fever

Written by Keith Kohl
Posted September 16, 2026

The story of strategic minerals is a long, deep trip into history. At any time or any place, chances are you’ll find a war over critical resources...

The AI Power Crunch Goes Nuclear

Written by Keith Kohl
Posted September 14, 2026

There’s a good chance that you’ve never heard of a Navy admiral named Hyman Rickover About 70 years ago, he ran the tightest program the U.S. military had ever seen up to that point...

Two Bucks a Bar for the Gold That Never Moves

Written by Keith Kohl
Posted September 13, 2026

Eighty feet beneath Liberty Street, resting on the bedrock of Manhattan Island, there's a room with a hundred and twenty-two compartments in it. Every one of them is numbered rather than named. Not...

7,800 Satellites, 10 Missiles, and $71 Billion up for Grabs

Written by Keith Kohl
Posted September 10, 2026

This year marks the sixth year since the U.S. Space Force was established, and it still has fewer people in uniform than the New York City Police Department. Yet, last month they asked Congress for...

The $0.04 Copper Collapse

Written by Keith Kohl
Posted September 9, 2026

Are tariffs the answer? They certainly weren’t 94 years ago when Washington slapped a $0.04 tariff on every single pound of imported copper. Six months later, copper was selling for a shade under...

She Waited 35 Years, But All It Took Us Was 30 Minutes

Written by Keith Kohl
Posted September 7, 2026

When a young researcher at Oxford named Dorothy Hodgkin was handed a small sample of crystalline insulin more than 90 years ago, she had a burning desire to know its shape...

Copper’s Doomsday Clock Keeps Ticking

Written by Keith Kohl
Posted September 6, 2026

We often get caught up in resource dominance today, whether it’s China’s unerring control over rare earths or the fact that six out of every 10 barrels of oil pumped out of the ground in the...

The Worst Oil Deal in U.S. History

Written by Keith Kohl
Posted September 3, 2026

Last week, President Trump thought he announced a bombshell when he touted that America had secured majority control of 65 billion barrels of Venezuelan reserves...

Trump’s Not-So-Secret Deal

Written by Keith Kohl
Posted September 2, 2026

In 1946, President Harry Truman quietly offered Denmark $100 million in gold for the entire island of Greenland. For a little perspective, that’s roughly $1.7 billion in today's dollars...

Beating the Quietest Corner of the AI Boom

Written by Keith Kohl
Posted August 31, 2026

In 1990, the U.S. government committed roughly $3 billion and 13 years to a single audacious goal. For the first time in history, we were going to sequence the entire human genome.

Did Gold’s Biggest Problem Just Get Solved?

Written by Keith Kohl
Posted August 30, 2026

During the California Gold Rush, miners ran headfirst into a problem nobody had solved yet. What you may not know is that trading raw gold dust or nuggets was a lot harder than you’d think.