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An article in CleanTechnica describes how we are in a carbon bubble. Renewable energy sources are expanding quickly at reduced cost, leading to a likely mass stranding of fossil-fuel related assets as fossil fuels become more expensive than renewable sources of energy.
The current push for natural gas (and with it the related push for hydrogen fuels) is the last gasp of the fossil fuel industry. Hydrogen as a fuel source can only economically be produced from fossil fuels and hence provides no net reduction in carbon emissions, but the fossil fuel lobby are trying to convince people that it is a viable alternative to electric cars.
When the carbon bubble does burst, the impact on asset valuations is likely to be huge, with consequent impact on the larger economy.
Where do you plan to be when the carbon bubble pops?
(Score: 2) by bob_super on Tuesday January 17 2017, @12:55AM
It should be called "peak oil for the poor", because predictable rising prices cause the supply to grow when high-cost production becomes profitable (tar sands, artic oil, deepwater wells).
There won't be a sudden lack of oil, but most stuff will get more expensive and some people will need alternatives they can afford (not 40k$ electric cars, but bikes and ramen noodles), or see their disposable income go further negative.