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CWE 4.2¢

Saudi Arabia Sees End Of Oil Age

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    1,775 Posts.
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    http://cleantechnica.com/2015/02/06...GN&utm_term=0_b9b83ee7eb-bae6d81cd4-331988261

    "In a world where a producer sees the end of its market on the horizon, then every barrel sold at a profit is more valuable than a barrel that will never be sold."

    "The direct oil markets impact and the geopolitical fallout will likely be the defining headlines of 2015, but there is a much much bigger story unfolding: the carbon asset bubble is deflating. The value of effectively every asset class on Earth is influenced by the assumption that a fossil fuel-based economy will persist for so long that any potential for future change to asset values can be ignored. That assumption is wrong."

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