Weitere Kapitel dieses Buchs durch Wischen aufrufen
February 24, 2016 was a historic day for business and the global economy. If you were only paying attention to the “news of the day,” you might have missed a ground-shaking event. Many folks were likely talking about the Grammy Awards, which were held the night before. For political junkies, the focus was on the quadrennial shouting match that is the Presidential Primary Season. Baseball fans surely were looking forward to Spring Training. Yet, as all of this was unfolding on the glowing screens we constantly seem to stare at, something else much more profound, yet subtle, was going on. That day marked the first time natural gas was exported from the USA in more than 40 years. And, while the words “natural gas” and “exports” don’t resonate with most people nearly as much as “Jay Z,” “Clinton,” “Trump,” “Cubs,” “Indians,” or “Yankees” do, the impact of the USA once again producing and exporting ever-larger amounts of natural gas amounts to a true revolution. In every sense of the word.
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International Energy Agency, World Energy Outlook 2017 (OECD/IEA, 2017). p. 24.
In 2012, a partnership between MAGNET and the University of Akron’s College of Business Administration began to provide market research services to manufacturing firms across Northeastern Ohio. MAGNET is the State of Ohio’s Manufacturing Extension Program (MEP) representative.
American Chemistry Council, “Shale Gas and New U.S. Chemical Industry Investment- $185 billion”, December 15, 2017, https://www.americanchemistry.com/Policy/Energy/Shale-Gas/Infographic-Shale-Gas-and-New-US-Chemical-Industry-Investment.pdf. Accessed January 6, 2017.
To the Reader: I philosophically believe that the continued use of fossil fuels is both moral and human. From my perspective, fossil fuels are what have made so much of human progress possible in recent years. When fossil fuels are more available and their prices lower, the biggest beneficiaries are poor people. Alex Epstein’s The Moral Case for Fossil Fuels (Portfolio/Penguin, 2014) is a strong starting point into the discussion around the issue. Nevertheless, it is not my purpose here to try to convince you about the efficacy of fossil fuels. This book is only intended to explain what is going on, how we got here, and what it means going forward when it comes to business and geopolitics.
- No One Saw This Coming
Andrew R. Thomas
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