Al Gore and David Blood: The Coming Carbon Asset Bubble - WSJ.com
There is consensus within the scientific community that increasing the global temperature by more than 2°C will likely cause devastating and irreversible damage to the planet.Aug 2011: [Warmist] Jeremy Grantham Foresees Oil Decline and Increases Oil Holdings: OIL, XOM, PRB, PRB.A, SU, CNQ, BP - GuruFocus.com
...Renewable technologies are already economically competitive with fossil fuels in a number of countries without subsidies.
Recently, Grantham has become a fan of the oil & gas companies. The sector weighting history of his portfolio shows that he has been increasing his oil & gas holdings since the third quarter of 2010. He also added more of these companies than any others in the most recent quarter. They now comprise 8.7% of his portfolio.Motley Fool, Oct 20, 2013: 3 Reasons You Shouldn't Take Investing Tips From Al Gore
My advice to Al Gore, if he is confident that a carbon bubble will bring down big oil, is to put his money where his mouth is and start taking some short positions. My advice to investors, on the other hand, is to look elsewhere for guidance. The global energy mix is without a doubt evolving, but these are gradual changes that will reflect supply, demand, and pricing rather than the arbitrary predictions of politicians.