In nature, things that do not evolve eventually become extinct. The same is true in business, after all when was the last time you went shopping for a typewriter.
The writing has been on the wall for some time, and that writing says oil is nearing it’s end. General Motors (GM) is about to pay the price of bankruptcy for not investing enough in the development of technology for alternate energy source cars. As a result when the price of oil spiked, people could no longer afford or even desired cars as it was beyond their budget.
With all the restructuring that GM is going through, it is clear an ounce of prevention is better than a pound of cure. Had GM started to seriously develop the technology in the mid1990’s when the announcement came oil was running out, they would be in much better shape. The earliest warning sign came when gas pumps needed to have a price setting for a dollar or more.
This extinction of companies is by no means new. The need to reinvent themselves is necessary to stay ahead. Department stores of the past that refused to evolve, have been replaced with new and trendy stores. Although the merchandise remains mostly the same, how it is packaged is different. After all bras and underwear are the same and will be for the foreseeable future.
In this case GM has nobody to blame but themselves. They chose their path and now must pay the price. Even that the Bush administration was pro big oil, GM did not have to play along. Perhaps that is why fresh young minds that are not set in their ways are some of the biggest money makers. Microsoft’s Bill Gates saw the future of computing while people were out shopping for typewriters.
This brings us to think about who the next Bill Gates will be, and how he or she will impact our lives. The person that can make cars go without the limits of a recharging extension cord will no doubt be a savior to all. That is the only thing that truly stands in the way of getting away from oil. The very limited range of oil free cars is the challenge of today.
Not to toot our own horn, but Connecting the Dots did come up with an Idea that will work as the technology exists. It just has to be assembled for this. Read it here.
The next thought is who is next after GM. Perhaps it will be the oil companies that did not invest into new energy sources. There certainly is no shortage of cash in their coffers to make it happen. There is little doubt the day of their NASDAQ type bubble bursting is nearing. Perhaps not before 2025 but the day will come. They most certainly seem to have their heads in the ground when they need to be looking at the sky.