re: #369 Obdicut

re: #368 Naso Tang

Actually, when there’s a technological switch, a lot of old companies tend to go out of business, unable to adapt. So the current energy companies may or may not be the energy companies of the future.

They can profit from the status quo. Any change hurts them.

Yes and no. Old companies dependent on intellectual property with zero hard capital value, like Silicon Valley software or restaurant concepts, do disappear. Businesses with hundreds of billions in territory and equipment assets, evolve or merge, or invent.

The only way oil companies will go out of business tomorrow is if the LHG discovers a new principle that allows us to build a fusion reactor in the space of a Hummer (I was going to say VW, but I decide to stay nationalistic).