Which is identical to all the balance sheets today will oil and gas infrastructure and the billions dumped into ICE R&D they were hoping to amortize over the next 30 years.
Identical might be a bit strong. It's only identical if we signed a law that made oil and gas illegal tomorrow. There are definitely parallels, but this is much more of a normal market situation where most things are handled through incentives, not regulation to such an extreme degree we make the common immediately illegal.
Perhaps most importantly, it not being an immediate change allows the entrenched interests time to shift their strategies and portfolios over time to take advantage of the more economically advantageous option. Many people aren't happy with the time frames that generally requires, but they also seem to be very happy with reliable energy and and economy that doesn't collapse overnight and having invested a year or two ago in a car which would become worthless tomorrow.
> Surely there's a lot of money to be made in harnessing effectively unlimited renewable energy that literally falls from the sky like manna
China has solar panel production on lock. Nobody is going to make money there.
So from a western point of view, there is only a LOT of money to be lost by going solar. Anyone that invested in oil and gas, coal and even to a lesser degree nuclear is NOT going to go quietly.
Hence all the climate change denial and anti-renewable rhetoric from the current US regime
(To be clear I personally have my roof covered in panels and also hope like mad we can get everyone on board)
To trick people into thinking hydrogen cars are the future so they don’t buy an EV now.
I’ve driven my own vehicles through 65 countries on 5 continents, and even the most remote villages in Africa and South America had electricity of some form.
I’ve never seen a hydrogen filling station in my life.
The idea we can build out that infrastructure faster than bolster the electric grid is laughably stupid. Downright deceptive.
I think there's some truth to this. Toyota desperately needs the future to play to their strengths, something more complicated than EVs, which I think is behind their obsession with hybrids.
Not sure that a fuel cell vehicle isn't just an EV with extra steps, however.
Does FB data count against your data quota in these countries? I've been quite a few places where it's impossible to buy a sim card that doesn't give you free facebook and WhatsApp.
You can't use the real internet without asking your friends to pay for it.
Is it? It’s less than obvious that the orbital datacenter boom will happen. Space mining could be a big deal but that’s not a foregone conclusion. Maybe someone will want to build a huge radio array on the far side of the moon, but I don’t expect hundreds of billions to be spent launching it — who would pay? Mars is less fashionable than it was a few years ago. Starlink is pretty impressive, but so is boring singlemode fiber, and the latter is increasingly being deployed everywhere.
(Obviously it will “skyrocket” unless someone comes up with a commercially viable launch system that doesn’t involve rocketing into the sky…)
There is Starlink and Amazon’s version, which both need many thousands of launches each (ignoring data centres)
There’s US military stuff like the starsheild, and it seems extremely likely china will follow suit.
Sat internet is changing the world rapidly where fibre can not be run. I saw it first hand in remote Australia, Yukon, Alaska and Africa. Not to mention ships and planes.
These projects are aggressively driving down launch costs, which increases demand for launches, which drives down launch costs which drives up demand.
They’ll fight tooth and nail
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