by S. Graham, May 9, 2018 in ClimateChangeDispatch

World fund managers predict a fall in the value of oil companies. According to a survey published last month in the United Kingdom, climate change risks will force a lower valuation of oil company stock prices within the next five years.

But despite many predictions of demise over the last 50 years, global consumption of hydrocarbon energy continues to grow

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We’ve heard this many times before. In his address to the nation on April 18, 1977, President Jimmy Carter stated, “…we could use up all the proven reserves of oil in the world by the end of the next decade.”