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Friday, February 13, 2015

The Sun Will Set on Big Oil

It's the beginning of the end of the oil and gas industry.

The realization that the sun is setting for this industry is demonstrated by a new book entitled Clean Disruption of Energy and Transportation: How Silicon Valley Will Make Oil, Nuclear, Natural Gas, Coal, Electric Utilities, and Conventional Cars Obsolete by 2030 by Tony Seba. The switch to renewable energy and electric cars is inevitable—and coming fast.

The cost of electric autos will continue to decline while the cost of traditional ICE (Internal Combustion Engine) vehicles will continue to increase. This will make the switch to electrics something that cannot be stopped because the free market will win out over obsolete ICE versions.

Read more here.