Fossil fuel energy is near extinction. Long term investing in fossil fuel is insane.

Investing at least long term investing in fossil fuel by individuals in this 21^st Century is much like investing in whaling in the late 19^th Century, very, very risky.

 

Imagine if back in the 1890s the Federal Government had a long term program to invest billions to prop up the failing whaling industry. Goofy, right?

 

Investing in energy projects by governments are by their nature long term and government investments in a doomed industry such as fossil fuel production is insane.

 

“Google, a leader of innovation in the digital economy, says that without a private and public focus on innovation in renewables, storage and electric vehicles, the cost of delaying the clean energy economy could be in the trillions of dollars to the U.S.”

 

Google: Delaying Clean Energy Transition “Only 5 Years Could Leave Trillions on the Table”

By Stephen Lacey on Jun 28, 2011 at 11:42 am