David P. Goldman writes at Asia Times Green bubbles threaten to pop stock markets. Excerpts in italics with my bolds.
Magical US thinking of a Green agenda financed by endless amounts of printing-press money will only end in tears
Prices for all energy commodities jumped during the past month, some by record margins, as a global energy shortage set off a scramble for gas, coal and oil. Brent crude has doubled in the past year, Newcastle coal has quadrupled, and Netherlands natural has risen seven-fold. There are many small reasons for the global energy squeeze, and one big one:
Investment in hydrocarbons has collapsed under pressure from the Green agenda adopted by international consensus.
Energy investment in the United States has dwindled as large institutional investors boycott fossil fuel investments. China’s critical electricity shortage is the result of draconian regulation of coal mining, exacerbated by Beijing’s…
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