I recently recorded a podcast where I was relayed a comment from a third party executive in the midstream sector. Their comment was that innovative new companies, like @CruxOcm should target failing businesses as their first customers. This is backwards and I’m surprised that executive is an executive, failing businesses are failing because they have not adapted and in my experience, tend to double down on whats not working rather than embrace the new, further advancing their plight. Blockbuster or Kodak are just 2 of many examples. Debating sluthing who this executive is cause I def do not want to be a shareholder in that O&G company.
My neighbor recently proudly proclaimed they were now "100% electric" - but here's the reality check from California's energy landscape. When my neighbor boasted about going all-electric, I couldn't help but do the math. California's electricity grid is still 50% powered by natural gas.
So that "100% electric" claim? More like "50% fossil fuel-powered" with good intentions.
In our household, we've made a pragmatic choice. We're keeping our natural gas furnace because: Direct natural gas heating is more efficient.
We avoid energy conversion losses.
Our current infrastructure makes this the most practical low-emission choice
Fact Check:
✅ California's electricity mix (2021):50% Natural Gas
34% Renewable sources
16% Other sources
The state's ambitious goal: 100% zero-carbon electricity by 2045. But until then, "100% electric" is more marketing than meaningful environmental impact.
Pro tip: Real sustainability is about smart choices, not just trendy declarations
@MKRocks@CendanaCapital@CruxOcm Glad to be part of the @CendanaCapital family so many times 🤣 such amazing support from you all. Founders - if you can get these folks on your Cap table even once, do it!