10.07.2014 - Fossil industry is the subprime danger of this cycle
The cumulative blitz on energy exploration and production over the past six years has been $5.4 trillion, yet little has come of it. The epicentre of irrational behaviour across global markets has moved to the fossil fuel complex of oil, gas and coal. This is where investors have been throwing the most good money after bad. They are likely to be left holding a clutch of worthless projects as renewable technology sweeps in below radar, and the Washington-Beijing axis embraces a greener agenda...............................................Full Article: Source
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