Won’t the advent of New Energy technologies terribly upset the world economy?
The world economy will change dramatically with the advent of New Energy, as it has every time new technologies are introduced, such as the printing press, the steam engine, photography, distributed electricity, electric lighting, automobiles, airplanes, radio, television, nuclear energy, space travel, communications satellites, personal computers, the laser, and the Internet. However, because of the central role of energy in all areas of human activity—in the provision of heated and cooled shelter, lighting, food, clean water, transportation, and power for manufacturing—the New Energy revolution will have a much more dramatic impact on the world economy. It will be one of the most profound changes in human history— rather akin to the taming of fire. Initially, when the first high-profile, ready-for-production New Energy device is announced, there will likely be a very big shock to stock markets and prices of fuel. But the world will become much the better, after this initial upset has
