Googoil?

Google getting into energy

I read with interest today in VOA news that Google announced on Wednesday that it was going to be making a large investment in altnernative energy to produce enough power to supply a City the size of San Francisco. My compliments to Google. I think we will more and more see technology companies, especially ones in information technology and Internet search, get into energy.

Why you may ask? In short, world hydrocarbons have likely peaked in their production which means to keep energy-dependent industrial expansion going, we need to find alternative sources of energy which can be produced economically. Many High-Tech companies now have the capital to make such investments in research but it is also in their own self-interest. Without expanding economies, there will be less use for their services. Interestingly, web technology and the Internet can be used to use existing hydrocarbons more efficiently and new sources of energy more efficiently as well. This is why I firmly believe that some Hi-Tech Industries, particularly information technology, are going to boom again within the next 10 years.

Future Businesses in the new energy environment
In a world of tighter energy resources, a changing economy, and the rise of intensified use of information technology, I believe that there will also be a demand for and supply of both broad and specialized news from around the world from new sources not associated with the corporate-dominated media. This is why I believe that new newspaper and media outlets created on an on-demand basis by customers is just around the corner. New networking and file-sharing technology are soon going to make this kind of media a reality.