Energy Shock Update: The Cost Reset Holds, Oil Off $10 From Peak, Yields Static & the CRE Energy-Equity Math Hardens
As of May 13, 2026: Brent ~$107, WTI ~$102, 10Y Treasury 4.4%. AI infrastructure investment remains strong (~$110B YTD). PJM capacity prices are rising. Key energy tax incentives may sunset June 30, 2026. Biggest constraints: equipment lead times.