Oil, coal and gas soon worthless, leave it in the ground.

[old steel]

Oil, coal and gas soon worthless?


http://img.s-msn.com/tenant/amp/entityid/BBh69Co.img?h=410&w=728&m=6&q=60&o=f&l=f
© 2014 DW.DE, Deutsche Welle



Bankers and investors are questioning whether it's worthwhile to invest in fossil fuels, especially in light of new climate agreements that could leave the materials in the ground forever.


Governor of the Bank of England Mark Carney's letter to the Environmental Audit Committee of the British parliament in late October 2014 fueled the debate over combustion of fossil fuels. He argued that to manage global warming, and avert climate disaster, such energy reserves should stay in the ground.

http://www.msn.com/en-ca/money/other/oil-coal-and-gas-soon-worthless/ar-BBh6eKp

[EE_]

I added a few


Oil, coal, gas, gold, silver, platinum soon worthless?

Yes, everyone knows only stocks have real value!

[gunDriller]

the US gov has let all sorts (thousands) of R&D contracts for 'alternative energy' for the US military.

speaking of gas, i wonder if they awarded any experimental contracts for harnessing the energy contained in gas that is Flatulent in origin ? whether by US soldiers or Afghani sheep.

[crimethink]

He argued that to manage global warming, and avert climate disaster, such energy reserves should stay in the ground.

Leave the hydrocarbons in the ground = put billions of people in the ground.

Hydrocarbons feed the world. Not solar, not wind, not nuclear - oil.

[mick silver]

it's not going to be worthless it just not going to be for us