Quote:
Originally Posted by GGG
I suspect auto makers will insure early self driving cars as it is their tech that is responsible and conventional insurers won't have the data the car companies do and don't have the incentive to take risk. So once the vehicles become ubiquitous I suspect the current insurance model is drastically changed.
Also insurance is a competitive if a company can make money on a cost plus 10% model they will.
What's funny about the Kodak annecdote is that they invented the digital camera in 1975 and were bankrupt by 2013. If we are following the Kodak model ICE should already be gone.
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The Kodak story is a fascinating one, but is nothing like the electric vs ICE situation.
Kodak OWNED the film industry and invented digital. They felt bullet proof and they both misread and underestimated the digital market.
With energy, there are literally thousands of participants and almost limitless opportunity. It isn't like there are people sitting on something they believe they control.
The debate in energy is about the rate of change. Some believe every promise and that adoption will be immediate. Others believe that the new technologies haven't solved as much as claimed and/or that adoption will be slower.
It is very common for the early adopter crowd to play the 'head in the sand' card, but this situation is nothing like digital film at all.