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This is the most important piece of technology analysis published since the war began. Read every word. My good friend @veronken just connected a chain that nobody in Silicon Valley, Wall Street, or the Pentagon has connected in a single document. The chain: a missile hits a gas facility in Qatar. The gas facility produces helium as a byproduct of LNG liquefaction. Qatar produces 33 percent of the world’s helium. All three Ras Laffan helium plants have been offline since March 2. QatarEnergy’s CEO confirmed the strikes reduced helium export capacity by 14 percent with repairs taking three to five years. One-third of the world’s supply of a gas that cannot be manufactured, only extracted from billion-year geological decay, removed from the market by the same missiles that took out 17 percent of global LNG. Helium is not a balloon gas. It is the most critical process gas in chipmaking. Its thermal conductivity is six times nitrogen. In plasma etching, the step that carves nanoscale circuits into silicon, there is no deployed substitute at scale. The chips do not get made without helium. The AI does not train without the chips. South Korea imports 64.7 percent of its helium from Qatar. South Korea is home to SK Hynix, which holds 62 percent of the global High Bandwidth Memory market, the single component NVIDIA cannot build an H100 or Blackwell without. NVIDIA accounts for 27 percent of SK Hynix’s total revenue. The $54.6 billion HBM market that Bank of America calls a 2026 supercycle depends on fabs that are now losing their helium, their oil, and their LNG from the same chokepoint simultaneously. Seoul imposed fuel rationing on March 25. QatarEnergy declared force majeure on South Korean LNG contracts on March 24. Here is where Veron’s analysis goes beyond anything I have seen from Fortune, Bloomberg, Fitch, or any institutional research desk. South Korea does not just make the memory. South Korea builds the ships. Korean shipyards delivered 83.8 percent of global LNG carriers over the past five years. They hold two-thirds of the global orderbook. The world needs more LNG carriers to replace Qatar’s lost output. The country that builds those carriers is the same country being energy-starved by the loss of that output. The feedback loop is closed. The energy crisis hits the shipyards. The shipyard delays worsen the energy crisis. The energy crisis hits the fabs. The fab delays worsen the AI supply chain. One country. Three vulnerabilities. One chokepoint. The buffers are real and Veron states them honestly. SK Hynix holds six months of stockpile. Samsung’s recycling system cuts consumption 18 percent. Over 70 percent of leading fabs recycle 80 to 95 percent of process helium. These buy time. Not immunity. If the strait reopens within 60 days, the supply chain exhales. If closure extends past six months, stockpiles thin and the structural deficit has no solution because the US cannot rapidly scale and Russia’s Amur plant faces sanctions. This is the Nitrogen Trap applied to silicon. The same thesis this series demonstrated for diesel, sulfuric acid, and fertiliser now applies to the noble gas that makes AI physically possible. Jensen Huang’s roadmap runs on atoms before it runs on bits. The atoms are helium. The helium comes from Qatar. Qatar is offline. And the country that fabricates the memory and builds the replacement ships is being triple-starved by the same strait that Fink says determines whether we get $40 oil or $150 oil. Read @veronken’s X Article. It is the best piece of supply chain analysis I have seen this year so far. The AI boom was built on an assumption so fundamental nobody stated it: that the physical world would cooperate. The physical world has stopped cooperating. The atoms are stuck. And the bits cannot move without them.

Hell yeah

New evidence from Antarctica ice cores showing no link between CO2 and temperature over the last three million years has stumped Net Zero activists, says Chris Morrison. dailysceptic.org/2026/03/25/sho…

Dumpster Fire 300!!!!!!!!!!! Drops at 8:30 CST!!! A block - commie Coachella B block - Afroman is a national hero See you in the chat!! I’ll be there to celebrate this momentous occasion. youtu.be/WaCYmIWfNHc

come celebrate 300 miracles, we're in the youtube chat let's party

I wanna be gay for a minute because 300 episodes has me feeling emotional and thank all of you for showing up for Dumpster Fire over the years. There have been so many times when I’ve thought I should stop it--or wasn't sure we could afford to keep it going. Or felt fat. Or unfunny. Or the world was just too dark. It’s the most labor intensive of any of my projects — we have 4 people and no budget. And every time I consider ending it—every time—I get a letter from a viewer telling me how much the show means to them, or how it's created a bond between them and someone they love, or how it saved them in a dark time. And I'm reminded why I do it. It's been an insanely slow crawl on YouTube and we are constantly trying to learn and grow and make it better and I basically do everything wrong--because for years I chose the funny title over the one that would make people click because I'm not great at capitalism or SEO optimization or really any of that stuff. All of it has made me appreciate just how hard creators work to make content and how hard it is to break through and as always, I'm just happy to be on @YouTube because they truly have the best analytics in the entire world, even though I'm pretty sure the algorithm has no idea what to do with me. But it's so insane. You can just make stuff. Dumpster Fire was born in a garage. We had two lights and an iphone. Now it's in my media room. And we have a few more lights. Someday I dream of having my own studio where I can replicate that garage vibe and have all the hilarious comedians I know come through and a person who knows how to do make-up because I don't. Hopefully we will make it to that point but honestly, it's a miracle we've made it this far and I'm so grateful. So thank you. Thank you for watching. For telling your friends. For buying stuff from our advertisers and our merch. And for being an audience that I adore. You are so kind and funny to each other in the chat and in our Substack and you constantly remind me that most people are chill and wise. Thanks for letting me work out how I feel about things imperfectly, publicly. Thanks for letting me be wrong all the time. And disagreeing with me and each other and still being civil. Thank you for being hilarious. You guys are what make this show worth every single minute I spend on it and I'll never take your time or attention for granted. I love you all so much. Bridge

@BridgetPhetasy We love you B!!

@codeofvets Nope

Can you find this anywhere else?!!

Shooting my 300th episode of Dumpster Fire today which has been a fun documentation of everyone (myself included) losing their minds. To my audience, thank you for making it all worthwhile. youtube.com/phetasy

After some six years of work and buildup, my book, The Information State: Politics in the Age of Total Control, is out today. Thanks to all of you who helped along the way.

Curiosities of scientific research: If you think your work is useless — remember the Swedish Navy. In the 1980s, Swedish naval hydroacoustic systems were picking up suspicious signals that were identified as the noise of Soviet submarines. Search teams spent months trying to find evidence of an intrusion, but without success. After the collapse of the USSR and the end of the Cold War, the mysterious signals continued. So the Swedish authorities sent a research team to investigate what was going on. In 1996, Professor Magnus Wahlberg conducted a study and discovered that the sound was produced by herring — when their swim bladder compresses, excess gas is released through the anal canal in the form of air bubbles. This acoustic pattern is unique and found only in herring. For 15 years, Swedish naval forces were, well… listening to herring farting.

Homeschooled kids score 15-30 percentile points higher on standardized tests than their public school peers, and the gap widens every year administrators ignore it. The National Home Education Research Institute tracked 11,739 students and found homeschoolers outperform on literally every academic metric while spending roughly $600 per child annually (compared to the national public school average of $15,240).

@BridgetPhetasy @burden_beast At no point in reading that could I predict the next word

@burden_beast Every word made me question my ability to comprehend English.

Am I having a stroke