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Daniel Yergin – Oil Explains the Entire 20th Century
Dwarkesh Podcast
Energy Transitions: A Contingent Path of Progress
Economic development is intricately linked to the availability of energy sources, particularly hydrocarbons. If fossil fuels like oil and coal had not formed in their current manner, the trajectory of technological advancement would look vastly different, potentially keeping society reliant on primitive energy methods such as sailboats. Transitions in energy sources are timed with societal needs, suggesting a natural progression wherein emerging technologies provide the necessary 'runway' for further innovations. The historical shift from whale oil to rock oil for lighting demonstrates the role of risk-taking and exploration in energy evolution, emphasizing the unpredictable yet crucial nature of these transitions in shaping modern civilization.
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