the link between carbon taxes and peak oil..
i've always suspected carbon taxes are less about reducing carbon emmisions and more about the state getting control of the dwindling supplies ..*rationing*. (with the regretable side effect that many conclude climate change itself is a scam, because they feel that rationing/controlling force)
Similarly, perhaps it would be forward looking for a company to "practice" trading in an environment of energy scarcity .. a way of preparing for future conditions. whether its tax or free market, the only certainty is that energy in future will be more scarce (more expensive).
I'm sure many individuals do this too. I could easily afford to drive but choose not to, knowing the predicament .. thats basically self imposed energy rationing, and my motivation is peak oil, not climate change.
It could lead to a re-evaluation of the asset values of the fossil fuel industry. That could lead to interesting places.
I've read the book 'rising powers shrinking planet' which claims fuel will increasingly be distributed by strategic arrangements between states and less by a free market in future.
There are 3 independant ways in which demand can be brought down in line with supply..
[1] price increases (straightforward market forces)
[2] rationing (i.e. carbon taxes)
[3] unemployment (stop giving people tokens, they can no longer bid for it in the first place
)
so you can't even say oil is a safe investment..