Jan 15, 2015
Suddenly stranded assets are in the news. Bank of England Governor Mark Carney is looking at the financial consequences of unburnable carbon. A new report from University College London shows how fossil fuel producing nations will have to leave massive reserves in the ground if we are to control climate change. What about the oil price? From over $100/barrel to under $50 in less than six months. Why is it happening? Is there a political agenda behind it? What are the consequences? And what's your prediction for the oil price in 12 months' time? Send your estimate to me at firstname.lastname@example.org before the end of the month and next year we'll see who's right. There will be a valuable prize!