InvestorQ : I keep hearing about global warming and melting icebergs all the time. How will that impact the price of crude oil?
Arya Nanda made post

I keep hearing about global warming and melting icebergs all the time. How will that impact the price of crude oil?

Answer
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3 years ago
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Climate change is a major challenge for nations and fossil fuels have been one of the biggest polluters of the environment. The Paris Climate Accord sets out a clear time-table to shift out of inefficient power production and reduce the dependence on fossil fuels for cars. Even though Donald Trump has abdicated this agreement, most of the other nations which are the largest consumers of oil have taken these targets very seriously. Over the next 40 years, the world will increasingly move away from fossil fuels. As this trend gets punctuated, the global demand for oil is likely to reduce impacting prices in the process.

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