Opportunities with the shift from oil

Guest Commentary

By DON C. BRUNELL

Contributor

As 2017 approaches, it is fascinating to look back at the vast changes in our lives over the last century and then imagine where we may be headed in the next 25 years.

It is hard to picture that in the year 1900, more than 100,000 horses were in New York City. However, in 1917 the final horse-drawn carts, cabs and carriages left the city to be replaced by trucks, cars and buses. Henry Ford had perfected the “horseless carriage.”

The Economist, a London-based magazine, highlighted the transformation in a recent special report on the future of oil.

While some look b...

 
 

Reader Comments(1)

4drbadrv writes:

Internationally, governments provide at least $775 billion to $1 trillion annually in subsidies to the fossil fuel indistry, not including other costs of fossil fuels related to climate change, environmental impacts, military conflicts and spending, and health impacts. This figure varies each year based on oil prices, but it is consistently in the hundreds of billions of dollars [http://priceofoil.org/fossil-fuel-subsidies/].