The Death of the Fossil Fuel Industry—Will It Take other Industries Down? (via Alternet)

Energy and resources , Environment & Energy

In just two decades, the total value of the energy being produced via fossil fuel extraction has plummeted by more than half.” Naffed Ahmed titled a recent post on Alternet . Highlighting from the post’s content:

“New scientific research shows that the growing crisis of profitability facing fossil fuel industries is part of an inevitable period of transition to a post-carbon era.”

“…the financial services firm Deloitte predicted that over 35 percent of independent oil companies worldwide are likely to declare bankruptcy…”

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