Amara’s Law states: We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.
I stumbled upon these two videos recently and I thought they were worth sharing immediately. There is a lot going on right now in the clean energy transition.
The first is by a gentleman named Tony Seba. He starts his talk with a picture of New York City in 1900, with its streets full of horses. By 1913, the same street is devoid of horses and full of cars.
The second video is fairly similar (perhaps listen to a few minutes of each and pick your favorite presenter). Investor Ramez Naam dissects trends in the energy transition, and what that may mean for many industries (some not so obvious).
It is noteworthy that NIPSCO and Indiana are mentioned at 23:00, specifically NIPSCO’s decision to close down all its coal plants and replace with wind, solar, and storage, based on economic analysis. I’ll cue the video below to the point where Ramez mentions us.