Once peak oil is finally reached – whenever that is – demand will begin to drop thereafter, perhaps precipitously.
Coal’s long term prospects do not look good in the US, or for that matter anywhere else
The inevitable has apparently happened; utility-scale solar-generated power appears to be cheaper than wind – and both are cheaper than fossil-fuel generated power.
New ownership models and technological advances will utterly transform the mobility market. And that’s bad news for Big Oil.
Whether EVs will be charged from rooftop panels – as Tesla etc would like it – or from a network of charging stations – as utilities would like it – it is only a matter of time.
Startups are figuring out ways to beat incumbents in their own game. Virtual power plants may be the answer.
California grid operator under-estimated speed of solar uptake by at least 4 years – and the belly of the duck is getting fatter much sooner than expected.
It is hard to imagine a day when fossil fuels will be used sparingly. But with carbon now officially a liability, and renewables moving mainstream, chances are humanity can kick the habit much faster than previously thought possible.
Having indulged in a carbon-rich period for the past two centuries, can humans make an orderly transition to a sustainable fossil-free future without sacrificing the high standards?
Just as the traditional TV, satellite and cable TV business are losing market share to newcomers, incumbent utilities can expect increased competition on the grid‘s edge.