In 1901, oil went mainstream. From there, fortunes were made and our world was changed forever. On October 1st, 1908, just 7 years later, the Ford Model T was introduced. It was simple to drive, and priced right. By the 1920s, the majority of American drivers had learned to drive on the Model T.
As with all of our great technologies, the value and utility of the Model T increased every year, but the price dropped consistently, going from $22,000 in today’s dollars in 1908 to $7,800 by 1916.
I have no doubt that Elon Musk, of Tesla, is the Henry Ford of our time. Last year, he announced Tesla Energy, a new wing of Tesla Motors that will focus on lithium batteries for homes and businesses. And honestly, he has the entire world behind him – every government on earth is pouring money into sustainable, clean energy.