#Investing

Part 1 mapped what the incumbents are building for. This piece looks for the holes they leave. The door is free and the meter is going free, so I'd back what agents buy and the risk of what they do, at prices a realistic exit can repay.

The agent-payment protocols are free, and the open ones carry almost no money. The return sits with whoever issues the agent's credential and writes the rule for who eats a bad payment, mostly card networks and issuers, and with whoever owns the shopper's attention.

Four months after modeling three scenarios for US gas scarcity, all three are obsolete. The Strait of Hormuz is closed, 19% of global LNG supply is offline, and the era of "and" ended on February 28, 2026. Here's the revised thesis.

The United States is building two generational infrastructure booms simultaneously, and they're about to collide. AI datacenters and LNG exports are betting on the same finite resource: American natural gas.