60% Of Fortune 1000 Companies Will Be Out Of Business Within 10 Years

 

I had written about some observation from singularity university almost 18 months back and if you look around then it seems everything is falling in place.

The original article below:

Singularity University, based in NASA Campus in Silicon Valley is the world’s leading learning-cum-incubator university for innovation and technology set-up in collaboration with NASA, Stanford etc and we had leading Silicon Valley entrepreneurs presenting here including the guy behind Google Maps.

OBSERVATIONS OF VARIOUS SPEAKERS THERE:

We are witnessing more disruption in human history over next 10-20 years than what we have seen in the last 20,000 years. Their prediction is that 60% of Fortune 1000 companies will be out of business in just next 10 years.

China Closes The Door On Vietnam’s Oil And Gas Ambitions

 

As China tightens the noose over Vietnam’s ability to drill for oil and gas in its own UN-mandated 200-nautical mile Exclusive Economic Zone (EEZ), the country is turning to solar energy and other renewables to make up for lost ground.

Over the weekend, Singapore-based Sunseap Group broke ground on Vietnam’s largest solar farm, a 168-MW project in Ninh Thuan province. The $150 million project will become operational in June 2019 and supply more than 200 kWh of electricity to the national power grid annually, Sunseap said in a statement.

Independent of Moscow (I)

ALGIERS/BERLIN (Own report) – In its search for alternatives to Russian oil and gas supplies, Germany has entered an “energy partnership” with Algeria. Until now, Germany has hardly tapped that country’s resources, which have great potential. Algeria is the world’s sixth largest natural gas exporter and a significant oil producer. The development of new sources is urgent. In light of the West’s policy of escalation in regards to Moscow, Germany would like to become less dependent on Russian energy resources. At the same time, the Libyan civil war threatens to cut off completely one of Germany’s most important sources of oil. Because of the nuclear dispute with Iran, oil and gas imports from that country are not yet feasible. The West’s aggressions and their repercussions are making energy procurement increasingly difficult. The new energy partnership with Algeria, which should help relieve this bottleneck, also offers the beleaguered German solar energy sector the possibility to gain ground on their Chinese rivals. German mechanical engineering and construction can expect supplementary profits.

Drought cuts power production of California dams

Shasta Dam, looming more than 600 feet tall and gatekeeper of the largest man-made lake in California, was designed to perform two crucial functions: Store water and generate power.

And for decades, the massive concrete structure has channeled water to cities and farms while generating up to 710 megawatts of hydropower, enough to provide electricity for more than 532,000 homes.

But amid four years of drought, the reservoir is drained to 50% of capacity, cutting the dam’s power production by about a third, according to federal reclamation officials.

Upcoming ‘Supermoon’ eclipse will dazzle Britain, but hit Europe’s power grids hard

The Supermoon eclipse, as the phenomenon is known, is an astronomical alignment where the Moon is sent on a trajectory between the Sun and the Earth, depriving us of light. The event will occur on March 20 at around 8:40GMT.

Scotland will have it best though, with a whopping 98 percent of the sky darkened, compared to about 85 percent for the south of England. For best results the Scottish need to look up starting 9:36 am.

President Obama’s big carbon crackdown readies for launch

Prepare for energy prices to skyrocket as regulation costs are always passed on to the consumer.

The EPA will launch the most dramatic anti-pollution regulation in a generation early next month, a sweeping crackdown on carbon that offers President Barack Obama his last real shot at a legacy on climate change — while causing significant political peril for red-state Democrats.

The move could produce a dramatic makeover of the power industry, shifting it away from coal-burning plants toward natural gas, solar and wind. While this is the big move environmentalists have been yearning for, it also has major political implications in November for a president already under fire for what the GOP is branding a job-killing “War on Coal,” and promises to be an election issue in energy-producing states such as West Virginia, Kentucky and Louisiana.