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 solution is to begin to de-link work from wages."|
|"Think of it like a motorcycle in the sky."|
|Pop-Up House: a Passive Dwelling With Minimal Energy Requirements|
|Google Files Patent for Future Password Replacement: Recognition with Funny Faces|
|Google's Purchase of Nest's Smart Thermostat Could Mean an Even More Intrusive Search Giant in Our Lives|
|“Lifting the electric motors out of Teslas and putting them in the chassis of other, formerly gas guzzling cars.”|
|How to Avoid Jury Duty|
|“What can we do to make responsible use of plastic a reality? First: reject the lie.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|Go the Fuck to Sleep: A Children's Bedtime Book|
|On Instagram, Everyone Takes the Exact Same Photos|
|“The cost could be so near to zero it will effectively be free.”|
|“Sending you changes in your media feed that are calculated to adjust you slightly to the liking of some unseen advertiser.”|
|Google Map Shows You the Most Photographed Areas of the World|
|“Rejuvenation is Finally an Industry.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|“Put words between buns.”|