Jottings from SW Surrey. This used to be mainly about energy but now I've retired it's just an old man's rant. From 23 June 2016 'til 12 December 2019 Brexit dominated but that is now a lost cause. So, I will continue to point out the stupidities of government when I'm so minded; but you may also find the odd post on climate change, on popular science or on genealogy - particularly my own family.
Saturday, 20 November 2010
Economic Nonsense
There's an article in a recent New Scientist indicating that investors are pricing alternative energy stocks at a level suggesting that they don't think renewables will replace fossils for another 130-odd years. But no-one lives for 130 years so why would any investment decision be taken on that basis? I can't think of any stocks that are that illiquid so markets would move much earlier and quicker. This is a case of an economic model departing from reality and wasting good publishing space.
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