This Could be the Death of the Fossil Fuel Industry – Will the Rest of the Economy Go with It?

By: Nafeez Ahmed  Posted on

It's not looking good for the global fossil fuel industry. Although the world remains heavily dependent on oil, coal and natural gas — which today supply around 80 percent of our primary energy needs — the industry is rapidly crumbling.

This is not merely a temporary blip, but a symptom of a deeper, long-term process related to global capitalism's escalating overconsumption of planetary resources and raw materials.

http://www.truth-out.org/news/item/35817-we-could-be-witnessing-the-death-of-the-fossil-fuel-industry-will-it-take-the-rest-of-the-economy-down-with-it