Filtered by tag: Economics

The future death of Big Oil
Posted: 16 August 2017

This excellent analysis of how exponential technologies can flip an industry is well worth a read. The end of internal combustion engines spells the end of demand for gasoline. What isn't discussed in this article is that the sudden change will reverse the declining demand for electricity, but as we've discussed elsewhere, solar power is well positioned to take up the slack. Perhaps the best ...

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This is how Big Oil will die – NewCo Shift
16 August 2017
Self-driving cars will be electric because of cost. And the cost will be so low, oil will not survive.
MindBullet logo THE CARBON BUBBLE BURSTS
Stocks crash as executive orders bite
Dateline: 5 February 2021
US President Bernie Sanders has signed a series of Executive Orders designed as emergency measures to combat climate change. The net effect is to make ...
The infernal combustion engine's days are numbered
Posted: 11 August 2017

The Economist weighs in with an analysis of the future impact of the shift to electric cars, and says the death of the internal combustion engine will have many ramifications for industry and government in the future. As batteries become more efficient and cheaper, the advantages of electric propulsion accelerate, and cities will enjoy cleaner, healthier air.

But there are downsides, including ...

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The death of the internal combustion engine
11 August 2017
It had a good run. But the end is in sight for the machine that changed the world.
MindBullet logo ELECTRIC CARS CAN'T STEER THE CLIMATE
But they're driving the Energy Internet and saving the city
Dateline: 2 June 2030
It's official. It's now cheaper, on average, to buy a new electric car than one that burns gasoline, without subsidies. But it's not having any effect on ...
3 D Manufacturing gets real and disruptive
Posted: 9 August 2017

When a brand like Mercedes uses the technology in production then its real and disruptive.

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Mercedes begins 3D printing of metal parts | IOL Motoring
9 August 2017
Need an out-of-date or specialised aluminium part for a Mercedes-Benz van or Unimog? Now they can print it for you.
MindBullet logo MANUFACTURING? WHAT'S THAT?
China no longer center of the manufacturing universe as the paradigm shifts
Dateline: 9 June 2025
Just as BT announces that it will no longer supply or support fixed-line phones, a report issued by the United Nations confirms two major paradigm shifts ...
Fake food from solar power
Posted: 25 July 2017 1 Comment

Yes, creating edible protein from electricity just became a reality. Although this was done in the lab, it could be scaled up to produce food for livestock or say, refugees from a shipping container sized 'factory'.

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Food From Electricity project bears its first protein-rich "fruit"
25 July 2017
A Finnish research project has created a batch of protein using electricity, water, carbon dioxide and microbes, in a small portable lab. The stuff is ...
MindBullet logo FAKE FOOD FENDS OFF FAMINE
Synthetic proteins and carbohydrates essential to safely feed burgeoning world population
Dateline: 1 May 2017
Manufactured and processed food is the healthy alternative these days. It's also more economically viable, and the only way to feed a global population ...
China's nuclear future
Posted: 25 July 2017

In China, everything is done at huge scale. They've got three big reactor units coming online soon, and a bunch more under construction and planned. And more and more home-grown tech like the digital control systems are being integrated into these power units. Eventually China intends to have almost 23% of their power from nuclear and a sizeable portion from renewables. Coal is still a big ...

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Three 1000 MWe nuclear reactors are nearing completion | NextBigFuture.com
25 July 2017
Three 1000 MWe nuclear reactors are nearing completion in China
MindBullet logo THE CARBON BUBBLE BURSTS
Stocks crash as executive orders bite
Dateline: 5 February 2021
US President Bernie Sanders has signed a series of Executive Orders designed as emergency measures to combat climate change. The net effect is to make ...
Electricity demand peaks
Posted: 20 July 2017

American demand for electricity has peaked, and continues to decline on a per capita basis. Futurist Thomas Frey takes an in-depth look at this phenomenon and how it might play out in the future. While the future remains uncertain, and emerging economies are still rapidly growing their power requirements, exponential technologies will shake up the energy sector in all regions of the world.

If ...

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Peak electricity and 17 seismic forces of change that will make you want to shift careers
20 July 2017
It happened in 2007. Ten years ago the trajectory for electrical use in America peaked and started down a different course, declining for reasons we don’t ...
MindBullet logo THE CARBON BUBBLE BURSTS
Stocks crash as executive orders bite
Dateline: 5 February 2021
US President Bernie Sanders has signed a series of Executive Orders designed as emergency measures to combat climate change. The net effect is to make ...

THE CARBON BUBBLE BURSTS

Published on: 20 July 2017 3 Comments

Stocks crash as executive orders bite

Dateline: 5 February 2021

US President Bernie Sanders has signed a series of Executive Orders designed as emergency measures to combat climate change. The net effect is to make fossil fuels way too costly to produce and consume, forcing emissions lower and a massive swing to nuclear and renewable power. On top of that, the plummeting cost of solar has convinced many consumers, even those skeptical about global warming, to switch to a system of distributed power generation and consumption. These micro-grids and rooftop panels ...

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Solar leapfrogging the grid
Posted: 17 July 2017

If you want a closer look at how solar power is going viral in Africa, bringing lighting to off-grid communities in innovative ways, read this article in the New Yorker. Just like cellphones leapfrogged landlines in Africa, solar power is leapfrogging the grid. Power to the people!

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The Race to Solar-Power Africa
17 July 2017
American startups are competing to bring electricity to communities that remain off the grid.
MindBullet logo SOLAR POWER GOES VIRAL
Rooftop, backyard and portable solar is the new meme
Dateline: 15 March 2022
The biggest energy revolution in 150 years has arrived gradually, then suddenly. Now it's here. Personal solar power has displaced central utilities ...
Planting trees in the desert
Posted: 12 July 2017 1 Comment

Seven years ago, we published a MindBullet about how low-tech solutions to reforestation could alter the size of deserts. Now a Dutch engineer is putting that idea into practice.

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How to Plant a Tree in the Desert
12 July 2017
A Dutch engineer has developed a cheap and easy way to restore vegetation to barren landscapes, and a for-profit business to go with it.
MindBullet logo VISIT THE SAHARA NOW - WHILE IT'S STILL THERE
Hydroscopic fungus turns deserts into bushland and forests
Dateline: 14 March 2017
The simple application of a fungal cocktail to arid soils in Southern Africa has enabled small shrubs and trees to take root where no plants have grown for ...
Artificial photosynthesis gets Bill Gates's backing
Posted: 10 July 2017

Artificial leaves are back in the spotlight. Using sunlight to convert natural compounds like water and air into useful fuels like hydrogen or methanol would be the ultimate energy solution. I'm sure it's ultimately achievable, but I think it's a long way off from being commercialised. Investment from Bill Gates and friends will help accelerate the research.

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Artificial leaves could power tomorrow’s cars – and China may be best placed to lead the way
10 July 2017
It’s been described as one of the “holy grails” of 21st century chemistry.
MindBullet logo SCIENCE CLONES NATURE FOR 'FREE' ENERGY PLAN
Nano-machines do photosynthesis better than leaves
Dateline: 12 June 2030
What started as a bold project at Imperial College London in 2009, has now reached its first stage of commercialization in the deserts of north ...
Global population implosion possible by 2076
Posted: 6 July 2017

From New Scientist:
"Could the population bomb be about to go off in the most unexpected way? Rather than a Malthusian meltdown, could we instead be on the verge of a demographic implosion?

To find out how and why, go to Japan, where a recent survey found that people are giving up on sex. Despite a life expectancy of 85 and rising, the number of Japanese is falling thanks to a fertility rate of ...

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The world in 2076: The population bomb has imploded
6 July 2017
Fears of massive overpopulation proved unfounded but now we live in a world where children are rare and most people are old
MindBullet logo FAILURE TO LAUNCH SINKS JAPAN
No sex please, we're Japanese
Dateline: 8 August 2026
Celibacy syndrome in Japan is causing the population to plummet, and now it's going into free fall. Most young women of the marrying age would rather go ...

NERDS TRIUMPH OVER COWS

Published on: 29 June 2017

Clean meat comes to market

Dateline: 28 June 2019

It's common cause that the meat industry is not very kind to animals, and intensive cattle farming is not very good for the environment in general. What's more, more than enough food is grown globally to adequately feed the world's growing population, but a large part of crop production goes to feeding cows, so that affluent people can enjoy nice juicy steaks. All this while the poor go hungry and survive on foreign aid in times of drought. In the interests of social justice and animal humanity, ...

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China tests a blockchain cybercurrency
Posted: 24 June 2017 1 Comment

Looks like our MindBullets scenario from August 2012 was spot on (see alongside). China is indeed set to become the first country in the world to launch a cryptocurrency based on blockchain.

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China Becomes First Country in the World to Test a National Cryptocurrency
24 June 2017
Cryptocurrencies have the potential to not only benefit China, but the rest of the world, due to their basis in blockchain.
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
The demise of oil
Posted: 23 June 2017

Will demand for oil continue to rise indefinitely, or will exponential technologies hasten a peak in demand, and a shift to alternative fuel and energy sources? Bloomberg gives us a view of what the demise of oil could look like.

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This Is What The Demise of Oil Looks Like
23 June 2017
Seismic shifts in technology and policy could slow demand growth
MindBullet logo PEAK OIL IS HORSE MANURE
The stone age didn't end because we ran out of stones
Dateline: 20 January 2021
Back in the day, when horse drawn carriages and buggies were the preferred mode of transport for anyone, there was a big fear in Paris, London and New York ...
Clean, limitless fusion energy one step closer
Posted: 23 June 2017 1 Comment

The relentless drive of alternative energies, from solar to wind to hydro and now, as well, fusion, is unstoppable. The fossil fuel industry days are truly limited.

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Fusion Breakthrough Puts Us One Step Closer to Limitless Clean Energy
23 June 2017
A new study could help make nuclear fusion the power source of the future.
MindBullet logo COLD FUSION SIGNALS THE END OF BIG OIL AND NUCLEAR POWER
It’s the start of a new low energy nuclear revolution
Dateline: 5 June 2014
Every once in a while we see the introduction of a technology that is so radically innovative that it seems magical, or impossible. The old clichés get ...
Solar ready to surpass coal
Posted: 19 June 2017 1 Comment

The combination of increasingly cheap solar power and new-age batteries is rewriting the rules of energy worldwide. And this means that the days of coal's decades-long supremacy are numbered. That's what we wrote in our MindBullet back in April 2008. And now it is happening.

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As Cost Plunges, Solar Power is Ready to Surpass Coal
19 June 2017
Within the next four years, solar power will finally be cheaper than coal nearly everywhere, aligning economic and environmental interests.
MindBullet logo COAL HITS US$10 PER TON AS SOLAR POWER SHINES
Nano solar films bring cheap energy to sunshine states
Dateline: 5 May 2018
It's hard to believe that a mere decade ago fossil fuels were at a premium, and everyone talked of 'peak oil' and the high prices of natural gas and coal. ...
Stratolaunch megaplane for orbital rocket launches
Posted: 20 June 2017

We've been saying for years that space is the next big business frontier, and Elon Musk has been dominating the news in that area. But another entrepreneur, Paul Allen, has been behind building the world's biggest plane to launch space rockets from the stratosphere into orbit. After four years it has emerged from its hanger for testing and could demonstrate launch capability by 2019. Will ...

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Meet the Stratolaunch Megaplane Taking Satellites Into Orbit
20 June 2017
Microsoft cofounder Paul Allen rolls out the Stratolaunch, a 385 ft. plane designed to carry satellites into low Earth orbit.
MindBullet logo THE FINAL (BUSINESS) FRONTIER
Space tourism and satellite launches compete for profits
Dateline: 27 September 2015
The race to launch a successful private space business has been won - and the victor, surprisingly, is not Virgin's Sir Richard Branson, but a 40-year-old ...

FAREWELL BANKS, HELLO BANKING

Published on: 15 June 2017

New players dominate financial services

Dateline: 26 August 2022

It was Microsoft founder Bill Gates who famously said in 1994 that we need banking, but we don't need banks. It's taken nearly 30 years, but he was dead right. Worldwide, financial services have moved out of the hands of traditional banks and into an array of mobile, FinTech and data companies. Some forward-thinking banks grasped the new world of collaboration and entered into early partnerships and have survived, albeit in a different form. Others have failed or, at best, become simply the ...

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When solar goes viral
Posted: 7 June 2017

When consumers are buying solar panels, at an outdoor market, in Mongolia, or Angola for that matter, then you know solar power is going viral. The future of the power utility as a monolithic entity, often controlled by the state, with power consumers that are dependent on it for affordable energy, is an industrial era idea that simply won't work in the future.

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'Spectacular' drop in renewable energy costs leads to record global boost
7 June 2017
Falling solar and wind prices have led to new power deals across the world despite investment in renewables falling
MindBullet logo SOLAR POWER GOES VIRAL
Rooftop, backyard and portable solar is the new meme
Dateline: 15 March 2022
The biggest energy revolution in 150 years has arrived gradually, then suddenly. Now it's here. Personal solar power has displaced central utilities ...

ELECTRIC CARS CAN'T STEER THE CLIMATE

Published on: 1 June 2017 1 Comment

But they're driving the Energy Internet and saving the city

Dateline: 2 June 2030

It's official. It's now cheaper, on average, to buy a new electric car than one that burns gasoline, without subsidies. But it's not having any effect on climate change. It seems the global climate runs on its own largely unexplained clock, and nothing we do affects it much. Electric cars have become the vehicle of choice for two reasons; cheaper, more efficient batteries, and charging convenience. Now that the vast majority of electric power comes from renewable sources, it makes sense to put the ...

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Filtered by tag: Economics