Industries
Follow the industries and physical systems that underpin the American economy — energy, health, real estate, transport, defense and the infrastructure the rest of it runs on.
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Industries
Five-minute auctions set wholesale electricity prices that manufacturers pay across regional grids
PJM and MISO use locational marginal pricing every five minutes to set the costs manufacturers and utilities pay for power. Data center demand is reshaping prices from hour to hour.
Industries
One shipping route closes, oil prices spike, and inflation spreads globally
How Middle East oil supply disruptions and shipping chokepoints like the Strait of Hormuz affect global energy prices, inflation, and economic growth.
Industries
How automation reshapes labor demand, wages and industry structure
Automation advances unevenly across industries. Manufacturing faces worker shortages even as routine jobs vanish, while workers who reskill into automation-exposed fields see 62% wage premiums.
Industries
How utilities balance rising electricity demand against grid constraints
Data center growth is accelerating electricity demand faster than utilities can build transmission and generation. Utilities face a 2030 reliability risk if infrastructure doesn't keep pace.
Theo Lindqvist
Why Connecting a Power Project to the Grid Takes Years
Generation is comparatively quick to build. The queue to connect it, and the transmission to move it, are where projects stall.
Theo Lindqvist
How Commercial Real Estate Is Valued, and Why Values Move So Sharply
Property values rest on two numbers: the income a building produces and the yield investors demand. Small changes in the second move the first a long way.
Theo Lindqvist
How Freight Rates Are Set, and Why They Swing So Violently
Shipping capacity is ordered years before it arrives and cannot be reduced quickly. That single fact explains most of the industry's volatility.
