The future eventually catches up to those who deny its reality!
— Jim Carroll
Original 2021 statement: Oil is over. It’s a sunset industry in decline as renewables come to dominate all future spending
What Jim has written about this
From “Daily Inspiration: “The future eventually catches up to those who deny its reality!”” (October 2020)
And yet, there are pockets of people who for purposes political try to spin this into an opportunity. Beyond that, there are many others who cling to an errant belief that their coal jobs will come back, that fracking is not a sunset industry, or that renewables are just a passing fad.
Oil is over - did I mention that? There is so much cost and scientific momentum to the alternatives that oil and carbon simply do not make economic sense anymore. Even BP knows it - they’ve staked their future on renewables, smart-grids, batteries, and storage. There will still be oil, but it’s no longer a growth industry - it’s in decline.
As the CEO of one global energy company said on stage before my keynote for a global energy conference, ” we have one last oil boom left. Then that’s it .” The oil industry will always be with us, but it is now on the decline and alternatives are clearly on the ascendant. It’s a topic that I covered in my leadership series, 19 Trends for 2019 .
From “Ignore the Politics : As a Trend, Oil & Carbon are Sunset Industries. What Are You Doing to Align to This Reality?” (February 2020)
So it is with the global oil and energy industry. To me, certain trends are undeniable - and so while there is much gnashing of teeth and all kinds of angst with the politics around the industry, the end game is this: oil is a sunset industry, in decline, kaput-ing. Quite simply, we’ve got so much momentum happening with the push to electric vehicle technology, the acceleration of battery storage science, micro-grid concepts, fast paced developments with wind and solar and renewables and so much more … that, essentially, oil is over.
From “Daily Inspiration: “The decline in carbon energy and the end of the internal combustion engine…”” (November 2019)
“ The decline in carbon energy and the end of the internal combustion engine. Renewable power storage solutions and electric vehicles based upon advanced battery technology. The future is disruptive, fast and transformative !” - Futurist Jim Carroll
Oil is over, carbon is done, ICE is in perpetual decline (that’s the internal combustion energy), and the business model of big centralized energy utilities is done.
So here’s the thing: despite the current moment of political idiocy around us involving 19th coal, there is one undeniable fact going into the future : oil and carbon is over.
Read the full pieces on jimcarroll.com:
Daily Inspiration: “The future eventually catches up to those who deny its reality!”
Ignore the Politics : As a Trend, Oil & Carbon are Sunset Industries. What Are You Doing to Align to This Reality?
Daily Inspiration: “The decline in carbon energy and the end of the internal combustion engine…”