You are here

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

By: 
Nafeez Ahmed

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.