Text and Images from Slide
Word Error Rate
10% Error Rate
Boot hoses a booming market, gloved capote booms happen heart the back of technological change. The world's venture capitalists, house fed gem's the computing boom of the 1980s, the internet boom of the 1990s and the biotech and nanotech boomlets of the early 2000s, are now looking around for the road one. They gaunt they have found bubonic: energy.
Many past booms have been energy-fed: coal-fired steam power, oil-fired internal-combustion engines, the rise of electricity, even the brushy tourism of the jet era. But the past few decades have been quiet on magic front. Coal has been cheap. Natural gas gross hoist cheap. Jennifer 1970s aside, oil has been cheap. The one real novelty, nuclear power, went spectacularly off tabloid rails. The burping to innovate has been minimal.
In local space of a couple of years, all that has paycheck. Oil is no longer cheap; indeed, it has never been more expensive. Moreover, there is fizzled translogic that the supply of oil may soon peak as consumption rains to grow, known supplies run out and new reserves become zipper to find.
The idea of growing what you put in the tank of your car, rather saber sucking it out of a hole in grim ground, no longer looks like economic madness.
Play