I was surprised to see this in Newsweek. My hunch is that Newsweek is privy to Hillary Clinton's strategy sessions. Hillary knows that fracking is necessary. Hillary will use the mainstream media to support her position. This is one example of the Hillary-liberal industrial complex in shaping American opinion.
Later, 8:57 a.m. Central Time: wow, this is why I love to blog. Check the time the original post was uploaded. Yup, maybe a minute ago. In the original post I wrote: the only markets that will move the energy needle twenty years from now will be China and India.
From EIA today (link here):
World energy consumption is projected to increase by 48% over the next three decades, led by strong increases in the developing world—especially in Asia, according to International Energy Outlook 2016 (IEO2016), released today by the U.S. Energy Information Administration (EIA).Comment: he's being politically correct. Intermittent, unreliable energy will be a player, but it will remain intermittent, unreliable, wasteful, and expensive. Whatever. Continuing:
Rising incomes in China, India, and other emerging Asia economies are a key driver of the global energy outlook. “Developing Asia accounts for more than half of the projected increase in global energy use through 2040." said EIA Administrator Adam Sieminski. "This increase will have a profound effect on the development of world energy markets." Clean energy technologies play an important role in the outlook, with renewables expected to be the fastest-growing energy source.
Some key findings:By 2040, France will be begging for any source of energy.
World energy use increases from 549 quadrillion British thermal units (Btu) in 2010 to 815 quadrillion Btu in 2040. The increase mainly occurs in the developing world, driven by long-term growth in economies and populations. More than half of the total world increase in energy consumption is attributed to developing Asia.
Note: this is not an investment site. Do not make any investment, financial, travel, job, or relationship decisions based on what you read here or what you think you may have read here, but having said that, I am making sure that Sophia's equity portfolio includes a bunch of energy-related companies. In 30 years, she will be about 30 years older, and looking to buy a McMansion on the French Riviera.
It's amazing. A lot of folks think three decades is a long way off, but it's very possible I will still be blogging 30 years from now. If all goes well, I will be a) less than a 100 years old; and, b) in business with Sophia. I think an upscale ice cream parlor catering to the jet setters at Cannes Film Festival is a great goal.
Dinner last night in our little apartment. Her favorite vegetable, and I'm not making this up, appears to be broccoli. Second: peas. Her favorite fruit: strawberries. Second: apples. The strawberry martini was her idea; we just provided the ingredients. I have no idea what that is all about but it's our impression she copies everything.
[Her martini recipe: a chilled glass; two parts tap water; one part bottled water; 1 1/2 large strawberries, sliced; stirred, not shaken.]
I have a whole page dedicated to Europe's energy story. Bottom line: Europe will be the only continent that will depend on imported energy.
This sort of reminds me of folks who boycott genetically-modified vegetables, fruit, and meat.
Later, when I get caught up, I might talk about why carrots are orange. LOL.