Taking Stock 

The politics of energy

Taking Stock

The politics of energy

In last week’s issue, both our editor and chief energy specialist were musing on the “inevitable period of managed decline” faced by the global oil industry. As we’re dealing with a finite resource (anyone recall 'peak oil'?) the term 'inevitable' is obviously germane, but for investors the central consideration is how long it will take for the industry to buckle, contract, evolve or consolidate in the face of the seemingly inexorable rise of non-fossil fuel power sources.

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