Wednesday, 13 June 2018

MORE DODGY SPECULATION ON THE DEMISE OF FOSSIL FUELS

This essay is a good rebuttal to a recent paper predicting the demise of the fossil fuel industry and all who invest in it. The paper appears to be yet another exercise in producing speculative numbers that fit a particular set of preconceptions without any willingness to make a meaningful commitment to the predictions. The authors of it seem to believe that they know better than the hundreds of thousands of well-informed  investors, who are putting real capital at risk might individually and certainly in aggregate actually have a clearer picture of the real prospects of fossil fuels. The authors are putting nothing at risk, except their reputations and only that by 2035 by which time their paper will be long forgotten.

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