The article discusses the evolution of resource plays in the energy sector, highlighting the shift from traditional resources like oil and gas to newer alternatives. It mentions lithium as a crucial resource for batteries, with China dominating the market for processing. The focus then shifts to white hydrogen, with ongoing drilling to assess its potential as a sustainable resource. Additionally, the importance of copper in electrification is emphasized, noting the challenges in developing new copper deposits. The article also touches on uranium deposits, especially in countries like Australia and Kazakhstan, in light of the hype around nuclear power. The article discusses the risks and uncertainties associated with mining ventures, considering factors like price swings and market disruptions. It then transitions to the water industry, highlighting the critical need for investing in water infrastructure and management. With a fixed supply and increasing demand, water presents a stable investment opportunity in contrast to the volatile oil and gas market. The authors suggest that as an investor, focusing on water-related ventures could yield better returns compared to traditional energy investments. Overall, the article encourages diversification in energy investments and explores the potential of emerging resources like hydrogen, lithium, and water. It underscores the importance of considering long-term sustainability and market dynamics while evaluating investment opportunities in the evolving energy landscape.