ENV382H1 Lecture Notes - Lecture 3: Peak Oil, Fractional Distillation, Incandescent Light Bulb
6 Apr 2016
School
Department
Course
Professor
Document Summary
Tesla bet against this on alternate currents (he won) Electricity is transmitted on alternate currents pretty much everywhere (cid:1) (cid:1) (cid:1) (cid:1) Edison lost company and company became general electric. 4th revolution internet of things, world is digitally connected allowing us to manipulate physical objects and capital (cid:1) Uber for eg is the biggest taxi company in the world, and the capital is sitting around and is being put to use (cid:1) Air bnb is the largest system for obtaining accommodation. Company itself does not own any of its units. (cid:1) In the fourth revolution, integration of energy sources are decentralizing. (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) Price of oil is at 30 dollars or below therefore killing the shale industry. Companies have set aside billions of dollars to buy shale wells, because as soon as prices rise you will be able to add equipment to wells (cid:1)
