What are we to make of the Obama Administration’s unprecedented move to permanently ban offshore oil and gas drilling in the Arctic and the Atlantic coast? …the move was doubtless greeted with quiet delight in Riyadh and Bejing, and most of all in Moscow.
So far it has cost Saudi Arabia something like $200 billion to undertake one of the most expensive experiments of all time. … What we’re witnessing is a two-part test.
It’s time for a break from the sturm und drang of the political season. Herein an exploration of a macro trend that bodes well for America – and for investors. Of course governments are capable of either facilitating or stifling tech revolutions. But progress is (nearly) inevitable when tech cycles are foundational.
The astonishing success of Nintendo’s augmented-reality (AR) game, Pokémon GO, is a harbinger of yet another digital revolution. It’s also a teaching moment for the inconvenient—or at least generally ignored—truth of the ineluctable linkages between the cyber and physical worlds. Virtual worlds live inside the real worlds of massive communications and Cloud computing infrastructures manufactured with real not virtual materials and consuming real energy.
Elon Musk, CEO of Tesla [NASDAQ:TSLA], plans to buy his cousin’s company, Solar City [NASDAQ:SCTY]. That has generated a lot of head-scratching in financial circles about how it will work out. Some facts commonly cited: Tesla is the most successful and biggest electric car company the world has ever seen.
We now have clarity—even if it was assumed before—as to one more political chasm in this election cycle. At issue is “fracking” and the future for America’s enormous new shale energy industry.