Undersea War: Who Controls the Cables That Power the Global Economy?
The global economy runs on infrastructure most of us will never see. Beneath the world's oceans lies a vast network of undersea cables and pipelines carrying internet traffic, financial transactions, energy, and electricity. But what happens when that infrastructure becomes a target of geopolitical conflict?
In this episode of The Power Current, host Chris Berry welcomes Elisabeth Braw, senior fellow at the Atlantic Council and author of Undersea War: The Battle to Control the Cables and Pipelines That Connect Our World.
Braw explains why the seabed is emerging as a new geopolitical battleground, where sabotage, espionage, economic competition, and national security increasingly collide.
The conversation explores mysterious cable disruptions in the Baltic Sea, the Nord Stream sabotage investigation, the growing technological rivalry between the United States and China, and the possibility of an emerging "Iron Curtain" beneath the oceans.
They also examine why no single country or international organization is responsible for protecting this critical infrastructure, how NATO is responding with new underwater surveillance technologies, and what the conflict involving Iran and the Strait of Hormuz could mean for the future of global connectivity.
5 Oct 2026
"Wicked Problems" In Critical Mineral Investing
My guest today is Will Thompson, Founder and Managing Partner of Massif Capital. I had originally wanted Will to come on the pod and talk copper, but as you’ll see this conversation quickly branched out into something much deeper. Will is a former investment banker and has worked in political risk insurance and with NATO in Afghanistan. This conversation was one of my favorites, and we easily could have gone on for hours. We cover a host of topics including: capital cycle analysis, parsing political and geopolitical risk, position sizing, the types of resource companies the fund likes to hold, the lithium, copper, and tungsten markets, why buying is so much easier than selling, and best and worst investments and what he learned.
I think you’ll really enjoy this discussion and if did, please share it far and wide and don’t forget to like and subscribe to the podcast wherever you listen.
Here is the Fund webiste: https://www.massifcap.com/
During the podcast, we do discuss a number of publicly traded companies. As always, it’s vital to remember to do your own due diligence and nothing you hear on this podcast should be thought of as investment advice.
Thanks again and we’ll see you next time.
28 Sept 2026
Tungsten: The War Over the Metal of War
This is a solo episode and is a primer on the tungsten market. We haven't published any episodes without a guest, so if you like this (or don't!), let me know and we can mix in more of these types of pods.
In the critical metals space, tungsten has become the topic du jour.
The narrative around critical mineral investing has shifted in recent years away from ESG and green growth and towards national defense supply chains. Due, in part, to this shift certain metals associated with the theme have grabbed investor attention.
This is where the tungsten story begins. I want to walk through the basics, the nuances, and the misunderstandings of this unique metal. Thanks almost exclusively to policy choices in Beijing and Washington, tungsten's price has exploded and bifurcated into two distinct markets. The free flow of tungsten materials is, for now, a thing of the past. Just ask a toolmaker in Japan how things have changed and you’ll get an idea. So given this pricing anomaly and tungsten's indispensable role in certain sectors of the economy, taking a closer look seems prudent to say the least.
This is meant to be a shorter primer on the metal of war. If you found it useful, share it with someone who wants to understand tungsten better. Also, don't forget to like and subscribe wherever you listen to podcasts.
Thanks for listening and we'll see you next time.
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Dr Cormac O'Laoire
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