# Daily Inspiration: “The era of oil lasted for about 150 years – it then came to an abrupt and dramatic end”
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“One day we’ll look back and realize that the era of oil lasted for about 150 years - and that it then came to an abrupt and dramatic end. That one day? It’s happening right now!” - #Futurist Jim Carroll I’m in Nantucket this morning to meet with the Board of Directors of a major energy company - and I’ll spend some time with them putting into perspective the trends which are reshaping the global energy industry at an absolutely blinding, staggering speed. Here’s the reality that I will talk about: oil is over. Carbon is done. Natural gas is but an insurance policy. Coal? Laughable. We’re moving rapidly to a world dominated by renewables, micro-grids, local battery storage technology, electrified roads, electric vehicles, and more. 90% of the energy investment between now and 2050 will go into this new world, and not the old. That’s not from me - that’s from Bloomberg. What’s interesting is that they know this already, and agree with me going into the meeting. (Their logo is in the photo behind me.) Here’s what is fascinating: we have lots of intelligent people in the US - and some not so intelligent, obviously - talking coal. That future reality is such a joke that it doesn’t even deserve a punch line. Investment in coal mining, infrastructure, extraction, and energy products is all but disappearing. So separate the political hot-air foolishness from the reality on the ground. There are massive investments and projects underway in this new world of energy - and both the producers and the utilities know it. They’re paying diplomatic respect to the 20th-century idiots, but are busy investing in the 21st century.  Science is driving the trend - simply look at the rapid evolution of battery storage technology. Micro-grids? They’ve gone from a concept to a disruptive reality faster than you can say disruption. Disruption? This utility might find itself in the business of building electrified roads at the same speed that a massive shift to electric vehicles accelerates. And it’s happening faster than you think!

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Source: https://jimcarroll.com/2019/06/daily-inspiration-the-era-of-oil-lasted-for-about-150-years-it-then-came-to-an-abrupt-and-dramatic-end/