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: 5, Informative) by c0lo on Tuesday January 17 2017, @01:06AM
blockquoteMeanwhile costs of fossil fuels will go up and up until they reach a point where most oil rigs/fields start to close down leaving only a few left./blockquote
You seem to forget:
- heavy transport (trucks, trains, boats) and aviation
- chem industry - see that amount of plastic and composites around?
- fertilizers
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford