Boiling Billions of Frogs
Very seldom do I get very scared. But I am now.
A new report by the Belfer Centre for Science and International Affairs at the Harvard Kennedy School found “oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.” http://bit.ly/Q825E1 More importantly, it could devastate high oil price driven investments and innovations in cleaner energy.
Worse yet, the report predicts petroleum prices will decline, even collapse sometime after 2015. If the petroleum industry was reticent to invest
significantly in alternative energy when oil was seen as increasingly scarce, what’s the incentive for change now?
Not much: are you scared now? Read more



Marc de Sousa Shields is Managing Partner of ES Global, a sustainable business consultancy with 14 years working in over 60 countries (