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Data Centers Push Vistra to Grow U.S. Nuclear, Natural Gas Fleet
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Industrial Info Resources is tracking more than $5 billion of projects from Vistra, nearly $1.5 billion of which is for projects under construction
By William Ploch, Assistant Editor-in-Chief
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Oil fell more than a dollar Monday -- profit-taking ahead of what Treasury Secretary Bessent calls the toughest sanctions in history. ERCOT set demand records while Henry Hub gas stayed range-bound on 4.4% production growth and storage near 10- year highs. Abundance is absorbing fear. But abundance is a supply-side answer to a chokepoint problem. Hormuz doesn't care about Permian laterals.
Meanwhile, the quieter escalation: 50% U.S. tariffs on Canadian exports over Chinese steel transshipment. Ottawa retaliating. The trading bloc Washington wanted is fragmenting from inside. Seoul's Kospi fell 3%; gold touched multi-month highs while Jackson Hole waits on Warsh.
And beneath it, a 90% probability of a Super El Niño becomes a historic climate event compounding global weather risks as well as threatening Panama Canal transit.