Though energy may never be “too cheap to meter,” Vernon and Dourado explain that higher energy consumption directly increases economic growth. Achieving energy superabundance would radically improve the US economy as well as the quality of life for all Americans. They show us a vision of the future that includes flying cars, hyperloop, sub-orbital... See more

Similarly, replacing fossil fuels with renewable energy sources is likely to appeal to some countries more than to others. China, Japan, and South Korea depend on importing huge quantities of oil and gas. They will be delighted to be free of that burden. Russia, Iran, and Saudi Arabia depend on exporting oil and gas. Their economies will collapse

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In 1995, crude oil extraction finally surpassed the 1979 record and then continued to rise, meeting the demand of an economically reforming China as well as the rising demand elsewhere in Asia—but oil has not regained its pre-1975 relative dominance.[49] Its share of the global commercial primary energy supply fell from 45 percent in 1970 to 38

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But the big picture question of how we orient ourselves is important. We shouldn’t be looking at our current energy usage and asking, “How can we get this much energy, but cleaner?” We should be looking at a 45-year energy diet and asking, “How can we use clean energy technology to shatter this barrier and open up incredible new vistas?”

As with preceding disruptions, this shift represents a transformation in energy as much as work. Just as the First Disruption depended on the energy of domesticated animals, humans and the elements, and the Second was powered by the condensed solar energy of fossil fuels, the Third Disruption sees a move away from hydrocarbons and back to renewable

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