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> I just came out of an energy company job, and you're outta luck. There's nothing in the energy sector to make me think they'll innovate unless they stumble in
by jdc0589 10y ago
> I just came out of an energy company job, and you're outta luck. There's nothing in the energy sector to make me think they'll innovate unless they stumble into it.
I don't think it only affects the existing members of the energy sector. Given the necessary financial motivation, there is a realistic opportunity for new competition in the renewable energy market rather than only relying on existing stablished companies to shift focus. Even if a group wants to move in to the renewable energy market on principal, funding will be a lot harder to come by with super cheap fossil fuel prices since investors (who are also motivated by money) won't see as much potential for short term profits.
- ArkyBeagle 10y agoIN the '60s/70, oil companies were mainly just companies that happened to do things oil-related. After the '84 crash, the character of those companies changed dramatically. I don't know if that's inherent to that market or just a temporary phenomenon. If it is inherent, then that makes for a barrier to entry.