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.
|Back to the Future With DeLorean Motor Company Electric Cars|
|"You might use your mind to unlock your car, or explore a virtual world, hands-free."|
|"The evidence of dramatic change is all around us."|
|“The autonomous ship does not mean removing human beings entirely from the picture."|
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|Unboxing a Factory Sealed IBM Compatible PC from 1988|
|Termite-Inspired Autonomous Robotic Construction Crew|
|Reviewing Counterfeit Toys Made in China|
|The Unknown Reader|
|James Charles' Pop Culture Dollars|
|The Spaceship Propulsion Compendium|
|"This very internationalism that contributed to the apocalyptic disaster that ended the Bronze Age."|
|“There was not only automation but where the suggestion that humans had any control [...] was absent too.”|
|"Most of what kids currently learn at school will probably be irrelevant by the time they are 40."|
|“The release of methane from hydrate may be apocalyptic.”|
|Pat the Zombie: A Cruel Adult Spoof of 'Pat the Bunny'|