Why you still can’t ditch your cable box

Amazon: the benevolent dictator

After one of his lawyers mistook the name as “Cadaver,” the young CEO filed papers changing it to, you guessed it, Amazon—a name today that strikes fear in the hearts and minds of retailers everywhere, and stops traffic on Wall Street on a day like today when it reports earnings. Jeff Bezos, who currently has a net worth of approximately $87 billion, came up with a business model so powerful that the largest retailers on the planet seem helpless as Amazon (AMZN) devours nearly everything in its path. In its infancy, the internet was a new communications medium, and Amazon initially was only a threat to book stores.


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Shell braces for ‘lower forever’ oil amid electric vehicle boom

Royal Dutch Shell is bracing for a peak in oil demand by the end of the next decade by edging towards renewable power and the electric vehicle industry. Shell boss Ben Van Beurden said the oil major had changed its company mindset to a “lower forever” oil price environment and is focusing on being “fit for the forties”, in reference to the faltering oil price, which has struggled to remain above the $50 a barrel mark. The group is already shifting its production focus from oil to natural gas, but in its clearest statement of intent to date Mr Van Beurden said that within the next year Shell will reveal early plans for a deeper presence in renewable energy and the electrical chain to tap into the boom in electric vehicles. Ben van Beurden On Wednesday the UK followed France's pledge to halt the sale of internal combustion vehicles by 2040, just weeks after the world's fastest growing economies, China and India, also called time on traditional fuel engines. Mr Van Beurden said the “absolutely necessary” backing was welcomed by the oil group, which is already taking into account a “very aggressive scenario” in which oil use could peak in the 2030s. The forecast tipping point is a full decade earlier than predictions from the International Energy Agency. Shell plans to spend $1bn (£760m) a year on its ‘New Energies' division, which was set up last year to develop hydrogen fuel cells and biofuels that could be used by the aviation and shipping industries to cut their reliance on oil. Shell is already the largest trader of renewable power in the US and said it would look at the role it could play as a system integrator or aggregator of renewable power in addition to its existing solar and wind ...Read the rest of this story