Publications: Notes at the Margin

Adjusting at the Speed of Light (December 12, 2016)

 

Technology, especially technology from Silicon Valley, is taking over. We celebrate this change because we are clearly part of the new wave. The organizers of the many meetings of oil and energy types—Argus Media, Energy Intelligence Group, IHS Markit, Standard & Poor's—ignore us and the others, instead inviting representatives from oil companies and oil-exporting countries, as well as ossified governments officials and consultants, to offer the same platitudes they have offered for time immemorial. It is the classic approach of advisers to a dying industry. The financial, technological, and entrepreneurial innovators are attacking old oil. They will win. But the industry's mantra is to keep dancing until the ice water reaches the ballroom floor.

 

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