|
 |
Another Perspective
TRANSFORMING THE INDUSTRY
By Thomas R. Kuhn
An excerpt of Kuhn’s "state of the industry" speech to the Wall Street financial community (given February 13, 2008, in New York City).
This year may mark a watershed in the way that our nation thinks about and addresses energy—how we get it, how we use it, and how much it costs. What is happening in our industry is the beginning of a transformation. And much of this transformation is the result of the need to address the issue of global climate change. Transformations are most easily viewed in retrospect. When Thomas Edison announced his commercially practical light bulb, few could imagine the wholesale transformation that this technological advance would bring to the world. In fact, the immediate effect of Edison’s announcement was a dramatic fall in the value of gas stocks!...
Read the entire article. 
|
