01 Apr

Carbon market collapse on its way?

Hold onto your britches?

“In a new book, former oil geologist and government adviser on renewable energy, Dr. Jeremy Leggett, identifies five ‘global systemic risks directly connected to energy’ which, he says, together ‘threaten capital markets and hence the global economy’ in a way that could trigger a global crash sometime between 2015 and 2020.

According to Leggett, a wide range of experts and insiders ‘from diverse sectors spanning academia, industry, the military and the oil industry itself, including until recently the International Energy Agency or, at least, key individuals or factions therein’ are expecting an oil crunch ‘within a few years,’ most likely ‘within a window from 2015 to 2020.'”

(Via Ex govt adviser: “global market shock” from “oil crash” could hit in 2015 | Nafeez Ahmed | Environment | theguardian.com.)