In late November, a new report by Goldman Sachs came out predicitng “New wind turbines and solar panels worldwide will provide more energy over the next five years than U.S. shale-oil production has over the past five."
“The leading renewable-energy technologies will add the equivalent of 6.2 million barrels of oil a day to the global energy mix, exceeding the 5.7 million barrels a day pumped from U.S. shale oil wells since 2010 …" According to the study, "the biggest shift will occur over the next decade as demand for renewable energy, LED lighting and plug-in vehicles accelerates.”
“Wind and solar are on track to exceed 100 gigawatts in new installations for the first time,’ the authors wrote. "Solar and wind energy are saving a gigaton of carbon dioxide emissions annually and the market for four leading low-carbon technologies is now worth more than $600 billion per year.”
It's possible we're seeing the "Bridge Fuel" run out of road as a new era in power generation gears up.
