Stranded Assets Nightmare

https://oilprice.com/Energy/Energy-General/The-Oil-And-Gas-Industry-Is-Facing-A-33-Trillion-Stranded-Asset-Nightmare.html

Yeah, a lot of people are going to be hurt. Should they have known better? Very probably. Were they led to their conclusion by misrepresentation on the part of companies they invested in? Definitely. (Will that lead to class action suits against such companies? I hope so.) Still, these are people, perhaps too unsophisticated to invest in this market but nonetheless.

Alas, the financial markets system touts such resolution in markets as canonical, and they have nothing to do with resolving it. People choose and the outcomes reflect the wisdom of their choice or they don’t.

About ecoquant

See https://wordpress.com/view/667-per-cm.net/ Retired data scientist and statistician. Now working projects in quantitative ecology and, specifically, phenology of Bryophyta and technical methods for their study.
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