shadowsymbols

quotes & articles

Notes &

total investment in research and development by electric utilities in the United States in 2007 was about 0.15 percent of total revenues.” (it’s 8-10% in most industries) - Tom Friedman, “Hot, Flat and Crowded” (page 247)

Notes &

even at today’s highs, oil is cheaper than imported bottled water, which would cost $180 a barrel, or milk, at $150 a barrel. You are not going to get energy innovation at scale when a barrel of oil is cheaper than a barrel of water or a barrel of milk.” - Jad Mouawad/Tom Friedman, “Hot, Flat and Crowded” (page 245)

Notes &

If you take only one thing away from this book, please take this: We are not going to regulate our way out of the problems of the Energy-Climate Era. We can only innovate our way out, and the only way to do that is to mobilize the most effective and prolific system for transformational innovation and commercialization of new products ever created on the face of the earth - the U.S. marketplace. There is only one thing bigger than Mother Nature and that is Father Profit, and we have not even begun to enlist him in this struggle.” - Tom Friedman, “Hot, Flat and Crowded” (page 243)

Notes &

The production of cement worldwide…releases almost as much CO2 into the atmosphere as all the passenger cars in the world” - Tom Friedman, “Hot, Flat and Crowded” (page 236)

Notes &

People don’t seem to realize…that it is not like we’re on the Titanic and we have to avoid the iceberg. We’ve already hit the iceberg.” (referencing global environmental problems) - Tom Friedman, “Hot, Flat and Crowded” (page 216)

Notes &

If you look at energy consumption in the world each day and convert it all into oil equivalent, we are consuming ten million barrels an hour - that is 420 million gallons per hour.” (David O’Reilly, CEO of Chevron) - Tom Friedman, “Hot, Flat and Crowded” (page 210)

Notes &

We need the power of its markets, the power of its innovators. We need American capitalism applied to this problem. If the Americans are going green, the whole rest of the world is going green.” (Sigmar Gabriel, Germany’s federal environment minister) - Tom Friedman, “Hot, Flat and Crowded” (page 177)

Notes &

Where is the American dream? What happened? Where has it gone? You are whistled at at global conferences like the G8.” (Nicolas Sarkozy, French President, wondering where America has gone) - Tom Friedman, “Hot, Flat and Crowded” (page 177)

Notes &

America’s job…is to make the big front-end investments in the new clean, green technologies [intellectual manufacturing]…and then leverage the low-cost service economy of India and the manufacturing platform of China to quickly get those new technologies down to the “Chindia price [labor manufacturing]”” - Tom Friedman, “Hot, Flat and Crowded” (page 175)