Warmist Nathan Myhrvold laments that almost a decade of clean-energy investing hasn’t produced any home runs; but there is a real revolution in fossil-fueled energy

[Fracking]: The Energy Revolution That Keeps Carbon on Top: Nathan Myhrvold- Bloomberg

Some of the best venture capitalists in the business, including my friends Bill Joy and Vinod Khosla, detached from their computing roots and focused on energy startups. The result was a staggering surge of capital into clean-energy technologies. Worldwide, from 2006 to 2010, about $535 billion in venture capital, private equity and initial public offerings as well as mergers and acquisitions flowed into 4,236 clean-tech businesses, according to a recent analysis by GlobalData.
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What is worrying is that almost a decade of energy investing hasn’t produced any home runs -- no green-energy equivalents of eBay, Amazon, Google or Facebook. The modest, incremental advances we have seen don’t perceptibly move the needle on the energy problem.
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In the meantime, however, a real revolution has happened in traditional energy -- one that poses a serious challenge to companies and investors betting on alternative energy. This breakthrough is arguably one of the greatest advances in energy production since the 1960s. And it came not from a Silicon Valley company, or from MIT or Stanford, but from the son of a Greek goatherd who immigrated to the U.S.