In this wide-ranging conversation, I’m joined once again by Doomberg (https://newsletter.doomberg.com/), one of the most respected independent voices analyzing the intersection of energy, geopolitics, and power.We unpack the realities behind the war in Ukraine, the growing rift between the United States and Europe, and why energy—not ideology—continues to shape global outcomes. Doomberg breaks down how resource constraints, political incompetence, and structural incentives are pushing nations toward increasingly dangerous decisions.We also explore:Why the Ukraine war may already be strategically decidedTrump’s constraints inside Washington and the real power dynamics at playEurope’s crisis of leadership and the risks of escalationAlberta, Canada, and the future of North American energyPolymarket, prediction markets, and why crowds often get geopolitics wrongChina’s stockpiling behavior and what it may signalThe divided U.S. consumer and growing social strainWhy energy is the master variable behind modern geopoliticsThis is a sober, non-hysterical look at the forces shaping the next decade—and why misunderstanding energy realities leads to catastrophic policy errors.DisclaimerThis content is for informational and educational purposes only and reflects personal opinions. Nothing discussed should be interpreted as financial, investment, legal, or political advice. Viewers are encouraged to conduct their own independent research.