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 Hartree on Tuesday January 17 2017, @04:04AM
Ok, how many times have we supposed to have been through peak oil etc? I'm finding it hard to keep track.
Yeah, I know... "This time is for real and all will be lost unless you subscribe to the particular energy policy outlined below."
It's like the fall of Rome being predicted multiple times 500 to 1000 years before it actually happened (depending on whether you count the Eastern empire as Rome.)
One day it will happen, but not before it's been foretold may times. And, of course when it does, those with 20/20 hindsight will say it all was, of course, obvious.
(Score: 2) by Magic Oddball on Wednesday January 18 2017, @09:20AM
Same thought here. I knew a guy online in the 00s whose certainty that Peak Oil was just around the corner led him to move to a city an hour from his wife and little kids (one of which was despised by the mother for being disabled) so he could work 80+ hour weeks, claiming they'd thank him when Peak Oil destroyed society.