the.com/energy sector
the industry that turns ancient sunlight into your wifi, one barrel and one blackout at a time.
means the collection of companies that find, extract, generate, transmit, and sell the power that runs everything else.
from formalized as a distinct market category in the 1970s oil shocks, when governments realized energy wasn't just industry, it was leverage.
market weightonce over 25 percent of the s&p 500, now under 5
biggest company eversaudi aramco, worth trillions on oil alone
slowest pivotutilities still average 30 year infrastructure lifespans
fastest growthsolar capacity doubling roughly every 3 years
for instance
exxonmobil — merged 1999, still among the largest corporate emitters on earth
texas grid collapse — 2021 winter storm uri, hundreds dead, deregulated grid exposed
tesla energy — powerwalls and solar roofs since 2015, betting against pipelines