About 90% of total world energy required to support the world’s 7 trillion populous is supplied by fossil fuels today. Oil currently makes up about one third of total world energy supply. Most experts’ projections indicate that about 80% of total world energy will continue to be supplied by fossil fuels mid-century; to support a growing population up to about 9 trillion by 2050. Since oil is projected to continue to supply about one third of total world fossil fuels in 2050, the risk of such an investment does not appear to be very significant. If one assumes that most fossil fuels or oil will be eliminated by mid-century, what do you believe would be the impact on trillions of the total world population? And, what are the odds of developing countries such as China and India of reducing, let alone substantially eliminating, the consumption of fossil fuels in the foreseeable future?
Investing against oil may have considerably greater risk.