two decade bull run
Shell predicts two decades of rising energy prices
Worldwide energy prices are set to rise over the next two decades as individual countries become more concerned about ensuring security of supply and governments take a more pro-active role in dictating energy policy and regulating markets, according to the latest global outlook from the oil giant Shell.
Not that I am one to seriously argue the contrary. However, there is a whiff of unreality to any scenario that doesn't take into account demand destruction. I don't think energy will go up infinitely, it will hit a cap at some point, reflecting the true cost of the most feasible renewables.
Or, I'm just whistling in the dark...