Continuing as part of this month’s focus on energy policy, Derbyshire’s indomitable Mike Shipley has written this post:
Extreme Energy – Extreme Risk.
Even though Governments and the oil industry will not admit it, the world has passed peak oil production. This is important information that we should be informed about in order for us to be involved in the decisions necessary about our energy supply in the years to come. But with so much investment and share value tied to oil and fossil reserves, the industry, financial sector and the governments they control are keeping quiet, behaving as if it’s all ‘business as usual.’ The markets do not like change, confirmation of peak oil from ‘reliable sources’ would send jitters through the market and weaken investor confidence in the dominant fossil sector. Very rich people would find their investments and therefore their wealth, devalued.
View original post 851 more words