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.
|Carboard USB Flash Drives|
|Planning a Human Mission to Outer Solar System|
|“Travelling to China can often feel like visiting the future.”|
|Instacube: a Digital Picture Frame for Instagram Photos|
|Storing Data in DNA Now Possible|
|CaptchaTweet: Write Tweets in Captcha Form|
|“Bulgaria is hemorrhaging citizens at a rate of 164 per day.”|
|What Nothing Really Means in Seinfeld|
|How to Make a Cheesecake that Looks Like Cheese|
|“It's not more expensive to build and it's hugely cheaper and more efficient to live in.”|
|iPhone 6, the First Smartphone to Disrupt NSA's Spying|
|The (Very Scary) People of Public Transit|
|“Social media is the publisher, not just the postman.”|
|How to Avoid Jury Duty|
|“How easy it is for anyone who tracks our digital activities to gain insight into our personalities.”|
|“Without ads, how does Netflix manage to make money?”|
|“Featuring over 2,000 flags in motion to Ludwig van Beethoven.”|