Comment by jasonsb
4 hours ago
100% this. I'm sick and tired of alarmist news and scapegoats when politicians and greedy energy corporations are to blame for everything. Yes, AI consumes more energy because we're using AI so by this logic we are to blame for everything.
If these "greedy utility companies" were such good monopolists or duopolists wouldn't it reflect in some pretty insane stock performance?
Eversource (NYSE: ES) is my local electric/natural gas provider in Massachusetts that I hear these same arguments about. Their stock is down 21% over the past 5 years. (To contrast, the S&P500 is up 91% over this same timeframe).)