An intro to energy for hi-tech geeks | An introduction to energy | Energy 101

The Gulf Oil Spill. Winners, Losers, Implications.

As we watch the continue tragedy of the gulf oil spill unfold, Garry Golden and I talk about the implications.  Certainly, there are a lot of losers.  The Lousiana seafood industry is $2.8 billion dollar industry.  That’s going to be affected.  Tourism will probably be affected.  The oil industry will come under greater scrutiny.

Because of the size of the spill–more accurately described as a river of oil–the oil industry will come under more intense scrutiny.  With it, comes possibly game changing public sentiment, regulations, or drilling practices.  There will be winners.  The most obvious ones are law firms and insurance companies, but what about alternatives to liquid fuels?  Will they get a boost from the oil spill?  And what about the effect of the spill on shale gas production?

The most obvious alternatives on the immediate horizon are hybrid or fully electric vehicles.  Could they benefit from the oil spill by increasing demand?  If so, how does the oil spill affect the electricity industry?

This question leads us to discuss BYD, the Chinese electric vehicle manufacturer that just opened an office in Los Angeles.  Starting life 15 years ago as Li-ion battery manufacturer, the vehicle manufacturer has received investment funding from Warren Buffet.

What does Warren Buffet know that you don’t?

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