🛢 Energy & Commodities mixed · 1–3 years
A what‑if from the future

What if China power-demand surge lifts coal, gas and grid build at once?

Robust Chinese industrial and cooling demand pushes record power consumption, lifting coal, gas and an aggressive grid and storage build-out that supports global power-equipment and copper demand.

21%
our model probability
over 1–3 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 21% · 90% range 8–35% · 19 analogues · measured class energy 99% in 3 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — energy ≈1.4869/yr → 99% in 3 yr99%
Analyst prior · editorial share 22% of the class22%
Pooled · weight 76%22%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)22%
Published21%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a mixed shock. Robust Chinese industrial and cooling demand pushes record power consumption, lifting coal, gas and an aggressive grid and storage build-out that supports global power-equipment and copper demand. The trigger decomposes into signed root‑shocks — Natural gas ▲ · Copper ▲ · China growth ▲ · Industrial demand ▲ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1Freeport (copper) FCX 📈 chartEquity▲ +1.1%
hist -0.45–+2.72% · other way +7.79% (n=12)
2Copper XCUon Hyperliquid 📈 chartCommodity▲ +0.8%
hist -0.91–+4.21% · other way -0.71% (n=12)
3China internet KWEBon Hyperliquid 📈 chartEquity▲ +0.3%
hist -0.76–+1.35% · other way +1.17% (n=9)
4Alibaba BABAon Hyperliquid 📈 chartEquity▲ +0.2%
hist -4.36–+5.77% · other way -3.56% (n=9)
5Platinum XPTon Hyperliquid 📈 chartCommodity▲ +0.2%
hist -1.02–+0.53% · other way +1.75% (n=12)
6Palladium XPDon Hyperliquid 📈 chartCommodity▲ +0.2%
hist -0.18–+0.25% · other way -1.88% (n=12)
7Natural gas NGon Hyperliquid 📈 chartCommodity▲ +0.2%
hist -4.62–+1.8% · other way +3.16% (n=12)
8Aussie dollar AUD 📈 chartFX▲ +0.2%
hist -0.18–+0.2% · other way +0.85% (n=12)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
Short
For a common-man portfolio: Mixed for a typical portfolio — the move is more about rotation than direction. Favour the winners over the losers below rather than net exposure.
Also moves (not yet on Hyperliquid): Freeport (copper) +1.1% · Aussie dollar +0.2%

Historical precedent — what analogous events actually did

Across 19 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

PJM grid emergency during Winter Storm Elliott 2022-12 Texas grid failure during Winter Storm Uri 2021-02 Northeast blackout cascading grid failure hits ~55 million 2003-08 Platinum hits an 11-year high on Chinese jewelry demand and deficit 2025-06 DeepSeek shock crushes AI-power utilities Vistra and Constellation 2025-01 Henry Hub natural gas hits a 25-year low amid record US production 2024-11 Waha hub natural gas prices crash to record negative on Permian glut 2024-08 Niger coup d'etat 2023-07 China's Sichuan Bitcoin-mining ban completes the 2021 crackdown 2021-06 Copper tops $10,000 a tonne for the first time since 2011 2021-04 California rolling blackouts during a record heatwave 2020-08 Norilsk Nickel Arctic diesel spill 2020-05 China's PBOC reveals 57% jump in gold reserves after six-year silence 2015-07 Copper crashes to ~$1.30/lb as 2008 crisis crushes China demand 2008-12 China 4 trillion yuan stimulus 2008-11 Henry Hub natural gas spot price peaks during 2008 commodity boom 2008-07 Platinum hits all-time record near $2,290 on South African power crisis 2008-03 South Africa Eskom power emergency spikes platinum/PGMs 2008-01 Amaranth Advisors natural-gas blowup 2006-09
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
Bitcoin BTCSHORT-3.5% · 5d -3.5%77%12 0.37·
XCU XCULONG+3.5% · 5d +0.8%66%19 0.30✓ matches cascade
FCX FCXLONG+2.0% · 5d +1.3%61%19 0.21✓ matches cascade
NG NGSHORT-4.4% · 5d -3.1%61%19 0.21⚠ differs
10y yield DGS10SHORT-2bp · 5d +1bp ↺ fades63%19 0.21·
XPT XPTSHORT-1.1% · 5d +2.7% ↺ fades59%19 0.16⚠ differs
Gold XAULONG+0.7% · 5d -0.7% ↺ fades59%19 0.16·
AUD AUDSHORT-0.3% · 5d -0.1%58%18 0.14⚠ differs
High-yield credit HYGSHORT-0.6% · 5d +0.1% ↺ fades58%17 0.13·
Volatility VIXSHORT-1.9% · 5d -2.5%56%19 0.08·
XPD XPDSHORT-0.3% · 5d +2.2% ↺ fades51%19 0.02⚠ differs
KWEB KWEBLONG+1.2% · 5d +0.7%42%12 0.00✓ matches cascade
BABA BABALONG+6.0% · 5d +1.1%42%12 0.00✓ matches cascade
US dollar DXYLONG+0.3% · 5d -0.2% ↺ fades49%19 0.00·

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.