INNOVATION

Why electricity is the new oil

For the last 100 years, one energy source has dominated global headlines: oil. Not only has it been the most traded commodity but countries have gone to war over it, regimes have fallen because of it and massive wealth has been created from it. The whole transport revolution in the 20th century, be it road or air or sea, would not have been possible without it. Then there is the mass of chemicals and plastics which are dependent on it.

Gerard Reid
Electricity will soon overtake oil as the planet's primary energy source, says Gerard Reid

Electricity will soon overtake oil as the planet's primary energy source, says Gerard Reid

That said, we are now in a new century, one that will belong to electricity, not oil. Let me explain why. The rise of electricity over the last 150 years has given people an incredibly flexible and...

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