Moderator: Peak Moderation
http://www.theguardian.com/business/201 ... industriesMore investors are moving their support from the tobacco and fossil fuel industries in favour of more ethical and socially responsible investments.
Managed funds held in ethical and sustainable investments grew by 51% in the past 12 months to more than $25bn, research shows.
Which I read just after chuckling at this.In a hypertechnical sense, the peak oil optimists were right: New technology has been able to keep global oil production growing longer than the pessimists thought. But, it turns out, not by much. Global oil production is growing very slowly; the cost of new oil is skyrocketing; the quality of new oil is mostly lousy; and we continue to bump up right against the edge of global demand, which means that even a small disruption in supply can send the world into an economic tailspin. So details aside, the pessimists continue to be right in practice even if they didn't predict the exact date we'd hit peak oil. It's long past time to get dead serious about finding renewable replacements on a very large scale.
They're struggling to keep up their cock-eyed optimism.If you’re a website dedicated to propping up your discredited theories, like Oilprice.com, you just double down and keep publishing more “peak” articles–even in the face of overwhelming evidence that you’re wrong. The latest “peak” Oilprice article is a real laugher that says you ought to move away from investing in shale drilling companies
