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David Nield — Huge Global Study Just Smashed One of The Last Major Arguments Against Renewables

Summary:
Think "money" is the biggie. Think again. Energy is real game changer.  "Money" is to the fore right now, but soon it is going to be energy. Keep your eye on energy technology. The world is in the process of scaling down carbon-based energy use and scaling up alternatives.  The industrial revolution took off with the coal-fired steam engine that powered steam ships, and railroads and factories. The harnessing of electricity and coal-fired power plants enabled the proliferation of factories and the widespread use of lighting, lengthening the day. The introduction of petroleum-based energy made automobiles and aircraft possible. The standard living of societies was measurable in the amount of energy use. Shifting among energy sources and scaling up alternatives to replace carbon

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Think "money" is the biggie. Think again. Energy is real game changer. 

"Money" is to the fore right now, but soon it is going to be energy. Keep your eye on energy technology. The world is in the process of scaling down carbon-based energy use and scaling up alternatives. 

The industrial revolution took off with the coal-fired steam engine that powered steam ships, and railroads and factories. The harnessing of electricity and coal-fired power plants enabled the proliferation of factories and the widespread use of lighting, lengthening the day. The introduction of petroleum-based energy made automobiles and aircraft possible. The standard living of societies was measurable in the amount of energy use.

Shifting among energy sources and scaling up alternatives to replace carbon is a huge challenge. So is replacing petroleum as transportable energy. Batteries are only one solution. This article sets forth another.

Science Alert
Huge Global Study Just Smashed One of The Last Major Arguments Against Renewables
David Nield

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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