The New Power Elite Part II: The U.S. and China Escalate Energy War

by Nomi Prins
Daily Reckoning

Most of the New Power Elite in the U.S. hails from Silicon Valley. The first person to talk about is the omnipresent Elon Musk. He is Rockefeller, Morgan and Ford all in one — he has melded together currency, transportation and energy in a 21st-century way.

Musk made his first fortune as a cofounder of PayPal, which processes the exchange of money. He chairs and co-founded Tesla, which is innovatively the Ford Model T. He is also the chairman of SolarCity, the publicly traded solar panel designer and installer run by his cousin, Lyndon Rive. His pending merger announcement of Tesla and SolarCity will join clean transportation and energy.

Continue Reading at…