Energy rEVolution: Who Will Be Left Holding The Bag? Oil And Gas Companies Are Facing Major Technological Disruption


Submitted by Contributor: Kirill Klip
You can spin a lot of things around in this day and age, you can even try to “Make Coal Clean Again”. But once a technology is developed to address the particular problem, the magic of mass production is taking place and costs are going down fast in accordance with Moore’s law for chips and “The Learning Curve” laws for the other industries.
We are at the major bifurcation point for our civilization, Energy rEVolution is unstoppable now. We can produce Renewable Energy cheaper than any other fossil alternatives. And now we can store it and use when we want it with Lithium Energy Storage Technology. You can build some walls to protect some fossils in business, but when Reds are going Green this process is making a truly tectonic geopolitical shift.
When China is going full ahead building the new Manufacturing Base of the 4th Industrial rEVolution with its New Energy Plan, the West is better to take notice. We are not just talking here about the largest in the world Solar and Wind generation capacity in China or its largest market for Electric Cars in the world.
We are talking about Oil becoming less and less important in terms of being like Blood for The Economy when everything just stops without it being pumped through The Economic and Financial System every single day. Suddenly, one society can live without burning it every day just to get around the block. It will have its place in the military, air transportation and chemical industries, but it is not as precious as Blood anymore.
Now, let’s think about the most important subject here. What will happen to all other societies? To those ones which are built all around Oil? When their military power suddenly becomes irrelevant. When they are left with Trillions of dollars in stranded assets glued to Oil. This is the real disruption and asymmetric warfare. Who needs war when you are building Steam Engines just to “Make America Great Again”?
The last insult will come when the best brilliant scientific minds will start following the best technology in the Transfer of The History to China as well. We still have some time to make The Switch, but this time is running out very fast. Who will be left holding the bag with Trillions of dollars worthless stranded assets after this energy rEVolution will claim its victims?