| In 2025, I expect one sector to grab more headlines than any other - and no, it's not tech. It's energy. We all need energy in our daily lives. Think about how upset we get when we don't have it - even if it's because of something temporary like a power outage or a gas shortage in the wake of a storm. We get nervous, anxious, angry, and eager to get back to our normal routines. Demand for energy is increasing substantially. Global economies are growing. More people are entering the middle class and buying cars and other goods. Perhaps most importantly, cryptocurrency and artificial intelligence consume massive amounts of energy. One of the most shocking statistics I've seen with regard to artificial intelligence is that a ChatGPT query requires 10 to 25 times more energy than a Google search. Furthermore, President-elect Donald Trump has announced the creation of a new National Energy Council with the aim of establishing "energy dominance" and delivering on his "drill, baby, drill" campaign promise. That should give a nice boost to U.S. oil production, which has already been setting records. In 2023, the United States produced more oil than any country ever for the sixth consecutive year, and that was with climate-related regulations in place. Assuming Trump repeals many of those rules, that streak will almost certainly continue and production will likely accelerate. We'll need the extra supply, considering global GDP growth is forecast to rise by a solid 2.7% in 2025 - about the same as the estimates for this year. With a pro-crypto president taking office and AI continuing to see increased adoption in everyday life, demand for energy will skyrocket. | 
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