On Medium, David M. Bank has an essay on the growth of clean energy, noting that even legacy energy companies are aware of the transition. With prices for producing clean energy getting lower — and expected to get lower still — he believes the growth of wind and solar will look "a lot like the Internet revolution of the last 20 years."
The real signal to watch is the oil companies’ “capex” or capital expenditure budgets for drilling and production, where they reveal what they really think about future prospects. Chevron’s 2017 capex estimate is $19.8 billion, down 15 percent from 2016 and a whopping 42 percent from 2015. Other major oil companies have also cut back sharply. It’s not just activist college campuses that are divesting from the fossil-fuel economy. It’s the fossil-fuel producers themselves.
When the history of the 21st century is written, we’ll see that by 2017 the inflection point in the global energy rebuild had already occurred. We’ll see the new energy economy was just the next stage of the the larger technology transformation obviously well underway.
|The Smartphone of the Future May Use Sapphire Glass|
|3D-Printed Human Organs|
|"Fortifying our homes against drone incursion will be the next bull market in security."|
|Space Exploration Will Be Quite Unlike Anything Seen Before|
|"This is not the first time the car industry has used software to evade the law."|
|Garbage Sorting Robot|
|"There’s a galactic gold rush brewing."|
|Making a Movie Inside a Video Game|
|Fast, Clean, Cost-Effective Metal 3D-Printing|
|“What if energy generation was a consumer electronic you could order off Amazon?”|
|"A helpful guide created by an unqualified individual."|
|Google Map Shows You the Most Photographed Areas of the World|
|"You only need about 100 miles by 100 miles of solar panels to power the entire United States."|
|“Robots should be fitted with an 'ethical black box' to keep track of their decisions.”|
|"An unabashed love letter to the 1982 motion picture Blade Runner."|