Energy is the master resource. Every other economic activity is downstream of it.

This is not an opinion. It is thermodynamics. Every product manufactured, every service delivered, every calorie consumed requires energy input. When energy gets cheaper, everything gets cheaper. When energy gets more expensive, everything gets more expensive.

This is why energy policy is the most consequential economic policy. Tax policy, trade policy, and monetary policy all matter — but they operate within the constraints set by energy availability and cost.

The countries that will thrive in the next 50 years are the ones that secure abundant, cheap energy. The ones that restrict energy production for ideological reasons will decline. The ones that discover new energy sources will leapfrog everyone.

Nuclear fission is the obvious near-term answer. Fusion is the long-term possibility. Bitcoin mining is quietly becoming the economic mechanism that funds both — because miners are the buyer of last resort for stranded energy, making otherwise uneconomic energy projects viable.

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