Home Fossil fuels the 'new sub-prime crisis'
 

Keywords :   


Fossil fuels the 'new sub-prime crisis'

2014-07-14 19:26:00| Climate Ark Climate Change & Global Warming Newsfeed

Ecologist: Staggering gains in solar power - and soon battery storage as well - threatens to undercut the oil industry with lightning speed ... Writing in the conservative UK newspaper the Daily Telegraph, influential columnist Ambrose Evans-Pritchard writes that the "fossil industry is the subprime danger of this cycle". Oil and gas investment has soared and production has peaked but has yielded very little financial return: "The cumulative blitz on exploration and production over the past six years...

Tags: crisis fossil fuels subprime

Category:Electronics and Electrical

Latest from this category

All news

»
24.11Portrait.Of.Pirates ver2.5
24.11Switch
24.11 / TIN
24.11duranduranALMGHTY 26.5cm
24.11straykids skzoo
24.11 4
24.11 TrioTryiT Figure21
24.11
More »