August 26 Energy News
Opinion:
¶ “Here’s why oil’s future is grim” • What do the auto makers, major utilities, and oil companies have in common with Kodak, Blockbuster, and Macy’s? Their old business models are rapidly vanishing under the pressure of technology, innovation, and societal norms. Banning petroleum-powered cars may be unnecessary. [Hellenic Shipping News Worldwide]
Pump jack (Photo: Greg Goebel, Wikimedia Commons)
¶ “The US coal industry is going out, not with a whimper, but with a burst of rent-seeking” • The US coal industry is dying, but not with any dignity. As the end approaches, its demands for government handouts increasingly frantic. The industry’s product is outmoded, and “picking winners” doesn’t look so bad when you’re losing. [Vox]
Science and Technology:
¶ An increasing percentage of the world’s population are living in cities, and this number is set to keep growing. A startup based in Brooklyn…
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